company background image
MKG

Mako GoldASX:MKG Stock Report

Market Cap

AU$42.0m

7D

4.8%

1Y

0%

Updated

18 Oct, 2021

Data

Company Financials
MKG fundamental analysis
Snowflake Score
Valuation1/6
Future Growth0/6
Past Performance0/6
Financial Health4/6
Dividends0/6

MKG Overview

Mako Gold Limited engages in the acquisition, exploration, and development of gold tenements in West Africa.

Price History & Performance

Summary of all time highs, changes and price drops for Mako Gold
Historical stock prices
Current Share PriceAU$0.11
52 Week HighAU$0.076
52 Week LowAU$0.13
Beta1.68
1 Month Change10.00%
3 Month Change20.88%
1 Year Change0%
3 Year Change-8.33%
5 Year Changen/a
Change since IPO-43.59%

Recent News & Updates

Aug 18
Companies Like Mako Gold (ASX:MKG) Are In A Position To Invest In Growth

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...

Shareholder Returns

MKGAU Metals and MiningAU Market
7D4.8%4.3%0.9%
1Y0%12.2%20.2%

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.

Price Volatility

Is MKG's price volatile compared to industry and market?
MKG volatility
MKG Beta1.68
Industry Beta0.97
Market Beta1

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

FoundedEmployeesCEOWebsite
2015n/aPeter Francis Ledwidgehttps://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

How do Mako Gold's earnings and revenue compare to its market cap?
MKG fundamental statistics
Market CapAU$42.05m
Earnings (TTM)-AU$1.49m
Revenue (TTM)n/a

0x

P/S Ratio

-28.3x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
MKG income statement (TTM)
RevenueAU$0
Cost of RevenueAU$0
Gross ProfitAU$0
ExpensesAU$1.49m
Earnings-AU$1.49m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)-0.0039
Gross Margin0.00%
Net Profit Margin0.00%
Debt/Equity Ratio0%

How did MKG perform over the long term?

See historical performance and comparison

Valuation

Is Mako Gold undervalued compared to its fair value and its price relative to the market?

2.37x

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).


Future Growth

How is Mako Gold 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 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.


Past Performance

How has Mako Gold performed over the past 5 years?

-41.9%

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.


Financial Health

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.


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: 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


Dividend

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.


Next Steps

Management

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

5.2yrs

Average management tenure


CEO

Peter Francis Ledwidge

6.33yrs

Tenure

AU$316,025

Compensation

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.


Leadership Team

Experienced Management: MKG's management team is seasoned and experienced (5.2 years average tenure).


Board Members

Experienced Board: MKG's board of directors are not considered experienced ( 1 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: 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 49.1%.


Top Shareholders

Company Information

Mako Gold Limited's employee growth, exchange listings and data sources


Key Information

  • 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

Location

  • Mako Gold Limited
  • 300 Adelaide Street
  • Suite 2
  • 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 15:38
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.