Mako Gold Limited engages in the acquisition, exploration, and development of gold tenements in West Africa.
Price History & Performance
|Historical stock prices|
|Current Share Price||AU$0.11|
|52 Week High||AU$0.076|
|52 Week Low||AU$0.13|
|1 Month Change||10.00%|
|3 Month Change||20.88%|
|1 Year Change||0%|
|3 Year Change||-8.33%|
|5 Year Change||n/a|
|Change since IPO||-43.59%|
Recent News & Updates
Companies Like Mako Gold (ASX:MKG) Are In A Position To Invest In Growth
We can readily understand why investors are attracted to unprofitable companies. For example, although...
|MKG||AU Metals and Mining||AU Market|
Return vs Industry: MKG underperformed the Australian Metals and Mining industry which returned 12.2% over the past year.
Return vs Market: MKG underperformed the Australian Market which returned 20.2% over the past year.
Stable Share Price: MKG is not significantly more volatile than the rest of Australian stocks over the past 3 months, typically moving +/- 8% a week.
Volatility Over Time: MKG's weekly volatility (8%) has been stable over the past year.
About the Company
|2015||n/a||Peter Francis Ledwidge||https://www.makogold.com.au|
Mako Gold Limited engages in the acquisition, exploration, and development of gold tenements in West Africa. The company’s flagship property is the Napié gold project covering an area of approximately 224 square kilometers located in the north-central Côte d’Ivoire in the Daloa greenstone belt. Mako Gold Limited was incorporated in 2015 and is based in Brisbane, Australia.
Mako Gold Fundamentals Summary
|MKG fundamental statistics|
Is MKG overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|MKG income statement (TTM)|
|Cost of Revenue||AU$0|
Last Reported Earnings
Jun 30, 2021
Next Earnings Date
|Earnings per share (EPS)||-0.0039|
|Net Profit Margin||0.00%|
How did MKG perform over the long term?See historical performance and comparison
Is Mako Gold undervalued compared to its fair value and its price relative to the market?
Price to Book (PB) ratio
Share Price vs. Fair Value
Below Fair Value: Insufficient data to calculate MKG's fair value to establish if it is undervalued.
Significantly Below Fair Value: Insufficient data to calculate MKG's fair value to establish if it is undervalued.
Price To Earnings Ratio
PE vs Industry: MKG is unprofitable, so we can't compare its PE Ratio to the Australian Metals and Mining industry average.
PE vs Market: MKG 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 MKG's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: MKG is good value based on its PB Ratio (2.4x) compared to the AU Metals and Mining industry average (2.6x).
How is Mako Gold forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
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 Mako Gold 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.
How has Mako Gold performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: MKG is currently unprofitable.
Growing Profit Margin: MKG is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: MKG is unprofitable, and losses have increased over the past 5 years at a rate of 41.9% per year.
Accelerating Growth: Unable to compare MKG's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: MKG 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: MKG has a negative Return on Equity (-8.37%), as it is currently unprofitable.
How is Mako Gold's financial position?
Financial Position Analysis
Short Term Liabilities: MKG's short term assets (A$5.9M) exceed its short term liabilities (A$1.9M).
Long Term Liabilities: MKG has no long term liabilities.
Debt to Equity History and Analysis
Debt Level: MKG is debt free.
Reducing Debt: MKG currently has no debt however we can't compare to 5 years ago as we have no data for that period.
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: MKG has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: MKG has less than a year of cash runway if free cash flow continues to reduce at historical rates of 45.7% each year
What is Mako Gold current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Notable Dividend: Unable to evaluate MKG's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate MKG'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 MKG's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if MKG'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 MKG's dividend in 3 years as they are not forecast to pay a notable one for the Australian market.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Peter Francis Ledwidge
Mr. Peter Francis Rene Ledwidge, BSc Geology, MAIG, MAICD, MAusIMM is Founder of Mako Gold Limited and has been its Managing Director and Director since June 04, 2015. Mr. Ledwidge served as Business Devel...
CEO Compensation Analysis
Compensation vs Market: Peter Francis's total compensation ($USD234.56K) is about average for companies of similar size in the Australian market ($USD302.72K).
Compensation vs Earnings: Peter Francis's compensation has increased whilst the company is unprofitable.
Experienced Management: MKG's management team is seasoned and experienced (5.2 years average tenure).
Experienced Board: MKG's board of directors are not considered experienced ( 1 years average tenure), which suggests a new board.
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
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 49.1%.
Mako Gold Limited's employee growth, exchange listings and data sources
- Name: Mako Gold Limited
- Ticker: MKG
- Exchange: ASX
- Founded: 2015
- Industry: Gold
- Sector: Materials
- Market Cap: AU$42.047m
- Shares outstanding: 382.24m
- Website: https://www.makogold.com.au
- Mako Gold Limited
- 300 Adelaide Street
- Suite 2
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/10/18 15:38|
|End of Day Share Price||2021/10/18 00:00|
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.