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LEG

Legend MiningASX:LEG Stock Report

Market Cap

AU$192.9m

7D

-1.4%

1Y

-48.1%

Updated

18 Oct, 2021

Data

Company Financials
LEG fundamental analysis
Snowflake Score
Valuation0/6
Future Growth0/6
Past Performance0/6
Financial Health6/6
Dividends0/6

LEG Overview

Legend Mining Limited engages in the exploration and evaluation of mineral properties in Australia.

Legend Mining Competitors

Jervois Global

ASX:JRV

AU$931.8m

Mincor Resources

ASX:MCR

AU$687.7m

Centaurus Metals

ASX:CTM

AU$403.1m

Strandline Resources

ASX:STA

AU$224.1m

Price History & Performance

Summary of all time highs, changes and price drops for Legend Mining
Historical stock prices
Current Share PriceAU$0.07
52 Week HighAU$0.061
52 Week LowAU$0.15
Beta0.071
1 Month Change0%
3 Month Change-22.22%
1 Year Change-48.15%
3 Year Change100.00%
5 Year Change483.33%
Change since IPO-69.57%

Recent News & Updates

Aug 11
We Think Legend Mining (ASX:LEG) Can Easily Afford To Drive Business Growth

We Think Legend Mining (ASX:LEG) Can Easily Afford To Drive Business Growth

There's no doubt that money can be made by owning shares of unprofitable businesses. For example, although Amazon.com...

Mar 22
Legend Mining (ASX:LEG) Is In A Strong Position To Grow Its Business

Legend Mining (ASX:LEG) Is In A Strong Position To Grow Its Business

We can readily understand why investors are attracted to unprofitable companies. For example, although...

Shareholder Returns

LEGAU Metals and MiningAU Market
7D-1.4%4.3%0.9%
1Y-48.1%12.2%20.2%

Return vs Industry: LEG underperformed the Australian Metals and Mining industry which returned 12.2% over the past year.

Return vs Market: LEG underperformed the Australian Market which returned 20.2% over the past year.

Price Volatility

Is LEG's price volatile compared to industry and market?
LEG volatility
LEG Beta0.071
Industry Beta0.97
Market Beta1

Stable Share Price: LEG is not significantly more volatile than the rest of Australian stocks over the past 3 months, typically moving +/- 9% a week.

Volatility Over Time: LEG's weekly volatility (9%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
199314Mark Wilsonhttps://www.legendmining.com.au

Legend Mining Limited engages in the exploration and evaluation of mineral properties in Australia. The company primarily explores for nickel, copper, cobalt, zinc, silver, and gold deposits. It holds interests in the Rockford project that covers a total area of 3,088 square kilometers located in the Fraser Range district of Western Australia.

Legend Mining Fundamentals Summary

How do Legend Mining's earnings and revenue compare to its market cap?
LEG fundamental statistics
Market CapAU$192.86m
Earnings (TTM)-AU$205.04k
Revenue (TTM)n/a

0x

P/S Ratio

-1.0kx

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
LEG income statement (TTM)
RevenueAU$0
Cost of RevenueAU$0
Gross ProfitAU$0
ExpensesAU$205.04k
Earnings-AU$205.04k

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)-0.000073
Gross Margin0.00%
Net Profit Margin0.00%
Debt/Equity Ratio0%

How did LEG perform over the long term?

See historical performance and comparison

Valuation

Is Legend Mining undervalued compared to its fair value and its price relative to the market?

3.58x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate LEG's fair value to establish if it is undervalued.

Significantly Below Fair Value: Insufficient data to calculate LEG's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: LEG is unprofitable, so we can't compare its PE Ratio to the Australian Metals and Mining industry average.

PE vs Market: LEG is unprofitable, so we can't compare its PE Ratio to the Australian market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate LEG's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: LEG is overvalued based on its PB Ratio (3.6x) compared to the AU Metals and Mining industry average (2.6x).


Future Growth

How is Legend Mining forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

-0.3%

Forecasted Materials industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Legend Mining has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Past Performance

How has Legend Mining performed over the past 5 years?

39.0%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: LEG is currently unprofitable.

Growing Profit Margin: LEG is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: LEG is unprofitable, but has reduced losses over the past 5 years at a rate of 39% per year.

Accelerating Growth: Unable to compare LEG's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: LEG is unprofitable, making it difficult to compare its past year earnings growth to the Metals and Mining industry (35.3%).


Return on Equity

High ROE: LEG has a negative Return on Equity (-0.38%), as it is currently unprofitable.


Financial Health

How is Legend Mining's financial position?


Financial Position Analysis

Short Term Liabilities: LEG's short term assets (A$25.9M) exceed its short term liabilities (A$970.8K).

Long Term Liabilities: LEG's short term assets (A$25.9M) exceed its long term liabilities (A$241.9K).


Debt to Equity History and Analysis

Debt Level: LEG is debt free.

Reducing Debt: LEG has not had any debt for past 5 years.


Balance Sheet


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: LEG has sufficient cash runway for more than 3 years based on its current free cash flow.

Forecast Cash Runway: LEG has sufficient cash runway for more than 3 years if free cash flow continues to reduce at historical rates of 4% each year


Dividend

What is Legend Mining current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

Notable Dividend: Unable to evaluate LEG's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate LEG's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if LEG's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if LEG's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of LEG's dividend in 3 years as they are not forecast to pay a notable one for the Australian market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

4.8yrs

Average management tenure


CEO

Mark Wilson

15.75yrs

Tenure

AU$393,218

Compensation

Mr. Mark William Wilson, MIE Aust, CP Eng has been the Managing Director of Legend Mining Ltd. since January 18, 2006. Mr. Wilson has extensive business background, mainly in corporate management and proje...


CEO Compensation Analysis

Compensation vs Market: Mark's total compensation ($USD291.86K) is about average for companies of similar size in the Australian market ($USD302.72K).

Compensation vs Earnings: Mark's compensation has increased whilst the company is unprofitable.


Leadership Team

Experienced Management: LEG's management team is considered experienced (4.8 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 2.9%.


Top Shareholders

Company Information

Legend Mining Limited's employee growth, exchange listings and data sources


Key Information

  • Name: Legend Mining Limited
  • Ticker: LEG
  • Exchange: ASX
  • Founded: 1993
  • Industry: Diversified Metals and Mining
  • Sector: Materials
  • Market Cap: AU$192.860m
  • Shares outstanding: 2.76b
  • Website: https://www.legendmining.com.au

Number of Employees


Location

  • Legend Mining Limited
  • 8 Kings Park Road
  • Level 1
  • West Perth
  • Western Australia
  • 6005
  • Australia

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/18 15:17
End of Day Share Price2021/10/18 00:00
Earnings2021/06/30
Annual Earnings2020/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.