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LIN

Lindian Resources ASX:LIN Stock Report

Last Price

AU$0.33

Market Cap

AU$275.7m

7D

10.2%

1Y

855.9%

Updated

02 Oct, 2022

Data

Company Financials
LIN fundamental analysis
Snowflake Score
Valuation0/6
Future Growth0/6
Past Performance0/6
Financial Health5/6
Dividends0/6

LIN Stock Overview

Lindian Resources Limited, together with its subsidiaries, engages in the exploration of mineral properties in Tanzania, Guinea, Malawi, and Australia.

Lindian Resources Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Lindian Resources
Historical stock prices
Current Share PriceAU$0.33
52 Week HighAU$0.36
52 Week LowAU$0.027
Beta0.27
1 Month Change22.64%
3 Month Change182.61%
1 Year Change855.88%
3 Year Change1,931.25%
5 Year Change1,610.53%
Change since IPO-98.75%

Recent News & Updates

Shareholder Returns

LINAU Metals and MiningAU Market
7D10.2%-1.2%-1.7%
1Y855.9%4.0%-10.8%

Return vs Industry: LIN exceeded the Australian Metals and Mining industry which returned 4% over the past year.

Return vs Market: LIN exceeded the Australian Market which returned -10.8% over the past year.

Price Volatility

Is LIN's price volatile compared to industry and market?
LIN volatility
LIN Average Weekly Movement18.5%
Metals and Mining Industry Average Movement11.3%
Market Average Movement9.4%
10% most volatile stocks in AU Market16.5%
10% least volatile stocks in AU Market4.2%

Stable Share Price: LIN is more volatile than 90% of Australian stocks over the past 3 months, typically moving +/- 19% a week.

Volatility Over Time: LIN's weekly volatility (19%) has been stable over the past year, but is still higher than 75% of Australian stocks.

About the Company

FoundedEmployeesCEOWebsite
1999n/aAlistair Stephenshttps://www.lindianresources.com.au

Lindian Resources Limited, together with its subsidiaries, engages in the exploration of mineral properties in Tanzania, Guinea, Malawi, and Australia. It primarily explores for gold, bauxite, and rare earths mineral ores. The company focuses on the Gaoual Bauxite project, Woula Bauxite project, and Lelouma Bauxite project located in Guinea, West Africa; and Lushoto and Pare Bauxite projects located in Tanzania.

Lindian Resources Fundamentals Summary

How do Lindian Resources's earnings and revenue compare to its market cap?
LIN fundamental statistics
Market CapAU$275.71m
Earnings (TTM)-AU$1.16m
Revenue (TTM)n/a

0.0x

P/S Ratio

-237.2x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
LIN income statement (TTM)
RevenueAU$0
Cost of RevenueAU$0
Gross ProfitAU$0
Other ExpensesAU$1.16m
Earnings-AU$1.16m

Last Reported Earnings

Jun 30, 2022

Next Earnings Date

n/a

Earnings per share (EPS)-0.0014
Gross Margin0.00%
Net Profit Margin0.00%
Debt/Equity Ratio0.1%

How did LIN perform over the long term?

See historical performance and comparison
We’ve recently updated our valuation analysis.

Valuation

Is LIN undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

0/6

Valuation Score 0/6

  • Price-To-Book vs Peers

  • Price-To-Book vs Industry

  • Price-To-Book vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

Which metric is best to use when looking at relative valuation for LIN?

Other financial metrics that can be useful for relative valuation.

LIN key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenuen/a
Enterprise Value/EBITDA-245.1x
PEG Ration/a

Price to Book Ratio vs Peers

How does LIN's PB Ratio compare to its peers?

LIN PB Ratio vs Peers
The above table shows the PB ratio for LIN vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPBEstimated GrowthMarket Cap
Peer Average4.8x
COB Cobalt Blue Holdings
5.3x0.2%AU$234.7m
MLX Metals X
0.8xn/aAU$240.4m
GAL Galileo Mining
10.7xn/aAU$260.6m
PAN Panoramic Resources
2.2x37.7%AU$389.7m
LIN Lindian Resources
40.3xn/aAU$275.7m

Price-To-Book vs Peers: LIN is expensive based on its Price-To-Book Ratio (40.3x) compared to the peer average (4.8x).


Price to Earnings Ratio vs Industry

How does LIN's PE Ratio compare vs other companies in the AU Metals and Mining Industry?

Price-To-Book vs Industry: LIN is expensive based on its Price-To-Book Ratio (40.3x) compared to the Australian Metals and Mining industry average (1.9x)


Price to Book Ratio vs Fair Ratio

What is LIN's PB Ratio compared to its Fair PB Ratio? This is the expected PB Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

LIN PB Ratio vs Fair Ratio.
Fair Ratio
Current PB Ratio40.3x
Fair PB Ration/a

Price-To-Book vs Fair Ratio: Insufficient data to calculate LIN's Price-To-Book Fair Ratio for valuation analysis.


Share Price vs Fair Value

What is the Fair Price of LIN when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: Insufficient data to calculate LIN's fair value for valuation analysis.

Significantly Below Fair Value: Insufficient data to calculate LIN's fair value for valuation analysis.


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Insufficient data to show price forecast.


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Future Growth

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

Future Growth Score

0/6

Future Growth Score 0/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


-5.2%

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 Lindian Resources 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.


Discover growth companies

  • Examine Lindian Resources's financial health to determine how well-positioned it is against times of financial stress by looking at its level of debt over time and how much cash it has left.
  • Lindian Resources competitive advantages and company strategy can generally be found in its financial reports archived here.

Past Performance

How has Lindian Resources performed over the past 5 years?

Past Performance Score

0/6

Past Performance Score 0/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


8.5%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: LIN is currently unprofitable.

Growing Profit Margin: LIN is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: LIN is unprofitable, but has reduced losses over the past 5 years at a rate of 8.5% per year.

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

Earnings vs Industry: LIN is unprofitable, making it difficult to compare its past year earnings growth to the Metals and Mining industry (22.7%).


Return on Equity

High ROE: LIN has a negative Return on Equity (-16.04%), as it is currently unprofitable.


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Financial Health

How is Lindian Resources's financial position?

Financial Health Score

5/6

Financial Health Score 5/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Stable Cash Runway

  • Forecast Cash Runway

Financial Position Analysis

Short Term Liabilities: LIN's short term assets (A$2.2M) exceed its short term liabilities (A$227.4K).

Long Term Liabilities: LIN has no long term liabilities.


Debt to Equity History and Analysis

Debt Level: LIN has more cash than its total debt.

Reducing Debt: Insufficient data to determine if LIN's debt to equity ratio has reduced over the 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: LIN has sufficient cash runway for more than a year based on its current free cash flow.

Forecast Cash Runway: LIN has sufficient cash runway for 1 years if free cash flow continues to reduce at historical rates of 22.5% each year.


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Dividend

What is Lindian Resources's current dividend yield, its reliability and sustainability?

Dividend Score

0/6

Dividend Score 0/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage

Dividend Yield vs Market

Lindian Resources Dividend Yield vs Market
How does Lindian Resources dividend yield compare to the market?
SegmentDividend Yield
Company (Lindian Resources)n/a
Market Bottom 25% (AU)2.8%
Market Top 25% (AU)7.2%
Industry Average (Metals and Mining)10.3%
Analyst forecast in 3 Years (Lindian Resources)n/a

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

High Dividend: Unable to evaluate LIN'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 LIN's dividends per share have been stable in the past.

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


Earnings Payout to Shareholders

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


Cash Payout to Shareholders

Cash Flow Coverage: Unable to calculate sustainability of dividends as LIN has not reported any payouts.


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Management

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

2.3yrs

Average board tenure


CEO

Alistair Stephens (58 yo)

0.17yr

Tenure

Mr. Alistair James Stephens, B.S. Hons, Grad Dip Fin. MBA, GAICD, serves as Chief Executive Officer at Lindian Resources Limited since August 04, 2022.He had been Chief Executive Officer of Odessa Mineral...


Board Members

Experienced Board: LIN's board of directors are not considered experienced ( 2.3 years average tenure), which suggests a new board.


Ownership

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


Insider Trading Volume

Insider Buying: LIN insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

ASX:LIN Recent Insider Transactions by Companies or Individuals
DateValueNameEntityRoleSharesMax Price
26 Aug 22BuyAU$8,261,984Rohan PatnaikIndividual32,400,000AU$0.25
22 Aug 22BuyAU$4,263,946Asimwe Herman KabungaIndividual16,090,407AU$0.26

Ownership Breakdown

What is the ownership structure of LIN?
Owner TypeNumber of SharesOwnership Percentage
Private Companies130,963,47115.4%
Individual Insiders332,611,26639.2%
General Public384,772,27645.4%

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 13.4%.


Top Shareholders

Top 17 shareholders own 54.64% of the company
OwnershipNameSharesCurrent ValueChange %Portfolio %
12.54%
Asimwe Herman Kabunga
106,365,407A$34.6m17.82%no data
9.97%
Ven Capital Pty Ltd
84,616,845A$27.5m0%no data
7.47%
Rohan Patnaik
63,400,000A$20.6m104.52%no data
3.63%
Leticia Kabunga
30,798,660A$10.0m0%no data
3.62%
Waleed Esbaitah
30,674,847A$10.0m0%no data
3.06%
Victor Lorusso
26,000,000A$8.5m0%no data
2.86%
Matthew Bull
24,250,000A$7.9m0%no data
1.53%
Easy Connect Group Pty Ltd
13,000,000A$4.2m0%no data
1.45%
Asena Holdings Pte. Ltd.
12,269,939A$4.0m0%no data
1.31%
Kanberra Resources Limited
11,076,687A$3.6m0%no data
1.18%
Ropa Investments (Gibraltar) Limited
10,000,000A$3.3m0%no data
1.11%
Shouzhi Zhang
9,450,000A$3.1m0%no data
1.06%
Benjamin Jarvis
9,000,000A$2.9m0%no data
1.02%
Lianaeli Nampesya
8,622,352A$2.8m0%no data
1.01%
Sheung Sze Lin
8,550,000A$2.8m0%no data
0.94%
Samuel Jarvis
8,000,000A$2.6m0%no data
0.88%
Fengmei Shen
7,500,000A$2.4m0%no data

Company Information

Lindian Resources Limited's employee growth, exchange listings and data sources


Key Information

  • Name: Lindian Resources Limited
  • Ticker: LIN
  • Exchange: ASX
  • Founded: 1999
  • Industry: Diversified Metals and Mining
  • Sector: Materials
  • Implied Market Cap: AU$275.713m
  • Shares outstanding: 848.35m
  • Website: https://www.lindianresources.com.au

Location

  • Lindian Resources Limited
  • 108 St Georges Terrace
  • Level 24
  • Perth
  • Western Australia
  • 6000
  • Australia


Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
LINASX (Australian Securities Exchange)YesOrdinary SharesAUAUDMar 2000
VP6MUN (Boerse Muenchen)YesOrdinary SharesDEEURMar 2000
LINCHIA (Chi-X Australia)YesOrdinary SharesAUAUDMar 2000

Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/10/02 00:00
End of Day Share Price2022/09/30 00:00
Earnings2022/06/30
Annual Earnings2022/06/30


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.