company background image
LNY

Laneway ResourcesASX:LNY Stock Report

Market Cap

AU$19.5m

7D

0%

1Y

-37.5%

Updated

18 Oct, 2021

Data

Company Financials
LNY fundamental analysis
Snowflake Score
Valuation1/6
Future Growth0/6
Past Performance0/6
Financial Health1/6
Dividends0/6

LNY Overview

Laneway Resources Limited explores for, evaluates, and develops gold and coal tenements in Australia and New Zealand.

Price History & Performance

Summary of all time highs, changes and price drops for Laneway Resources
Historical stock prices
Current Share PriceAU$0.005
52 Week HighAU$0.004
52 Week LowAU$0.009
Beta1.72
1 Month Change0%
3 Month Change0%
1 Year Change-37.50%
3 Year Change25.00%
5 Year Change66.67%
Change since IPO-99.99%

Recent News & Updates

Feb 08
Here’s What’s Happening With Returns At Laneway Resources (ASX:LNY)

Here’s What’s Happening With Returns At Laneway Resources (ASX:LNY)

If you're looking for a multi-bagger, there's a few things to keep an eye out for. Firstly, we'd want to identify a...

Jan 18
Will Weakness in Laneway Resources Limited's (ASX:LNY) Stock Prove Temporary Given Strong Fundamentals?

Will Weakness in Laneway Resources Limited's (ASX:LNY) Stock Prove Temporary Given Strong Fundamentals?

It is hard to get excited after looking at Laneway Resources' (ASX:LNY) recent performance, when its stock has declined...

Dec 27
Bradley Gordon Is The Non-Executive Director of Laneway Resources Limited (ASX:LNY) And Just Spent AU$225k On Shares

Bradley Gordon Is The Non-Executive Director of Laneway Resources Limited (ASX:LNY) And Just Spent AU$225k On Shares

Potential Laneway Resources Limited ( ASX:LNY ) shareholders may wish to note that the Non-Executive Director, Bradley...

Shareholder Returns

LNYAU Metals and MiningAU Market
7D0%4.3%0.9%
1Y-37.5%12.2%20.2%

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

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

Price Volatility

Is LNY's price volatile compared to industry and market?
LNY volatility
LNY Beta1.72
Industry Beta0.97
Market Beta1

Stable Share Price: LNY is more volatile than 90% of Australian stocks over the past 3 months, typically moving +/- 28% a week.

Volatility Over Time: LNY's weekly volatility has increased from 23% to 28% over the past year.

About the Company

FoundedEmployeesCEOWebsite
1986n/aBrad Gordonhttps://www.lanewayresources.com.au

Laneway Resources Limited explores for, evaluates, and develops gold and coal tenements in Australia and New Zealand. The company holds 100% interest in the Agate Creek gold project covering an area of approximately 1,024 square kilometers located in north Queensland; and the New Zealand gold project, which comprises an exploration permit covering an area of 58 square kilometers situated in the Hauraki Goldfield. It also holds interest in the Ashford coking coal project covering an area of 14 square kilometers located in New South Wales.

Laneway Resources Fundamentals Summary

How do Laneway Resources's earnings and revenue compare to its market cap?
LNY fundamental statistics
Market CapAU$19.52m
Earnings (TTM)-AU$205.50k
Revenue (TTM)n/a

0x

P/S Ratio

-100.0x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
LNY income statement (TTM)
RevenueAU$0
Cost of RevenueAU$0
Gross ProfitAU$0
ExpensesAU$205.50k
Earnings-AU$205.50k

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)-0.00005
Gross Margin0.00%
Net Profit Margin0.00%
Debt/Equity Ratio26.1%

How did LNY perform over the long term?

See historical performance and comparison

Valuation

Is Laneway Resources undervalued compared to its fair value and its price relative to the market?

1.43x

Price to Book (PB) ratio


Share Price vs. Fair Value

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

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


Price To Earnings Ratio

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

PE vs Market: LNY 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 LNY's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: LNY is good value based on its PB Ratio (1.4x) compared to the AU Metals and Mining industry average (2.6x).


Future Growth

How is Laneway Resources 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 Laneway 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.


Past Performance

How has Laneway Resources performed over the past 5 years?

26.6%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: LNY is currently unprofitable.

Growing Profit Margin: LNY is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: LNY is unprofitable, but has reduced losses over the past 5 years at a rate of 26.6% per year.

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

Earnings vs Industry: LNY 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: LNY has a negative Return on Equity (-1.5%), as it is currently unprofitable.


Financial Health

How is Laneway Resources's financial position?


Financial Position Analysis

Short Term Liabilities: LNY's short term assets (A$1.8M) do not cover its short term liabilities (A$5.2M).

Long Term Liabilities: LNY's short term assets (A$1.8M) do not cover its long term liabilities (A$2.1M).


Debt to Equity History and Analysis

Debt Level: LNY's debt to equity ratio (26.1%) is considered satisfactory.

Reducing Debt: LNY's debt to equity ratio has increased from 0.05% to 26.1% 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: Insufficient data to determine if LNY has enough cash runway based on its current free cash flow.

Forecast Cash Runway: Insufficient data to determine if LNY has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.


Dividend

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


Dividend Yield vs Market

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

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

Growing Dividend: Insufficient data to determine if LNY'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 LNY'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?

7.0yrs

Average board tenure


CEO

Brad Gordon (58 yo)

0.50

Tenure

AU$140,225

Compensation

Mr. Bradley Austin Gordon, also known as Brad, BSc (Min. Eng.) MBA, F Aus IMM serves as Non-Executive Director at Laneway Resources Ltd. since December 2020 and serves as its Chief Executive Officer and Ma...


CEO Compensation Analysis

Compensation vs Market: Brad's total compensation ($USD104.08K) is below average for companies of similar size in the Australian market ($USD302.72K).

Compensation vs Earnings: Insufficient data to compare Brad's compensation with company performance.


Board Members

Experienced Board: LNY's board of directors are considered experienced (7 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 3.4%.


Top Shareholders

Company Information

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


Key Information

  • Name: Laneway Resources Limited
  • Ticker: LNY
  • Exchange: ASX
  • Founded: 1986
  • Industry: Gold
  • Sector: Materials
  • Market Cap: AU$19.520m
  • Shares outstanding: 3.90b
  • Website: https://www.lanewayresources.com.au

Location

  • Laneway Resources Limited
  • Matisse Towers
  • Level 21
  • Brisbane
  • Queensland
  • 4000
  • 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 07:04
End of Day Share Price2021/10/18 00:00
Earnings2021/06/30
Annual Earnings2021/06/30


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.