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NWC

New World ResourcesASX:NWC Stock Report

Market Cap

AU$134.9m

7D

19.7%

1Y

97.7%

Updated

18 Oct, 2021

Data

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

NWC Overview

New World Resources Limited engages in the exploration and development of mineral properties in North America.

Price History & Performance

Summary of all time highs, changes and price drops for New World Resources
Historical stock prices
Current Share PriceAU$0.085
52 Week HighAU$0.037
52 Week LowAU$0.12
Beta2.97
1 Month Change23.19%
3 Month Change18.06%
1 Year Change97.67%
3 Year Change88.89%
5 Year Change325.00%
Change since IPO-99.95%

Recent News & Updates

Sep 22
New World Resources (ASX:NWC) Is In A Good Position To Deliver On Growth Plans

New World Resources (ASX:NWC) Is In A Good Position To Deliver On Growth Plans

Just because a business does not make any money, does not mean that the stock will go down. For example, New World...

Shareholder Returns

NWCAU Metals and MiningAU Market
7D19.7%4.3%0.9%
1Y97.7%12.2%20.2%

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

Return vs Market: NWC exceeded the Australian Market which returned 20.2% over the past year.

Price Volatility

Is NWC's price volatile compared to industry and market?
NWC volatility
NWC Beta2.97
Industry Beta0.97
Market Beta1

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

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

About the Company

FoundedEmployeesCEOWebsite
2004n/aMike Hayneshttps://newworldres.com

New World Resources Limited engages in the exploration and development of mineral properties in North America. The company explores for gold, copper, zinc, and cobalt deposits. The company holds interests in the Colson Cobalt-Copper project located in Idaho, the United States; the Goodsprings Copper-Cobalt project situated in Nevada, the United States; and the Tererro Copper-Gold-Zinc VMS project located in New Mexico, the United States.

New World Resources Fundamentals Summary

How do New World Resources's earnings and revenue compare to its market cap?
NWC fundamental statistics
Market CapAU$134.85m
Earnings (TTM)-AU$2.81m
Revenue (TTM)AU$1.30k

0x

P/S Ratio

-48.3x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
NWC income statement (TTM)
RevenueAU$1.30k
Cost of RevenueAU$0
Gross ProfitAU$1.30k
ExpensesAU$2.81m
Earnings-AU$2.81m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)-0.0018
Gross Margin100.00%
Net Profit Margin-216,738.22%
Debt/Equity Ratio0.0%

How did NWC perform over the long term?

See historical performance and comparison

Valuation

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

2.76x

Price to Book (PB) ratio


Share Price vs. Fair Value

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

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


Price To Earnings Ratio

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

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


Price to Book Ratio

PB vs Industry: NWC is overvalued based on its PB Ratio (2.8x) compared to the AU Metals and Mining industry average (2.6x).


Future Growth

How is New World 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 New World 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 New World Resources performed over the past 5 years?

-13.7%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: NWC is currently unprofitable.

Growing Profit Margin: NWC is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: NWC is unprofitable, and losses have increased over the past 5 years at a rate of 13.7% per year.

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

Earnings vs Industry: NWC 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: NWC has a negative Return on Equity (-5.73%), as it is currently unprofitable.


Financial Health

How is New World Resources's financial position?


Financial Position Analysis

Short Term Liabilities: NWC's short term assets (A$23.6M) exceed its short term liabilities (A$703.8K).

Long Term Liabilities: NWC's short term assets (A$23.6M) exceed its long term liabilities (A$198.1K).


Debt to Equity History and Analysis

Debt Level: NWC is debt free.

Reducing Debt: NWC had no debt 5 years ago.


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: NWC has sufficient cash runway for more than a year based on its current free cash flow.

Forecast Cash Runway: NWC has sufficient cash runway for more than 3 years if free cash flow continues to reduce at historical rates of 28.6% each year


Dividend

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


Dividend Yield vs Market

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

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

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

4.0yrs

Average management tenure


CEO

Mike Haynes

4yrs

Tenure

AU$426,670

Compensation

Mr. Michael Haynes, also known as Mike, BSc Geology, AIG, has been Managing Director and Director of New World Resources Limited since October 31, 2017 and serves as its Chief Executive Officer. Mr. Haynes...


CEO Compensation Analysis

Compensation vs Market: Mike's total compensation ($USD316.69K) is about average for companies of similar size in the Australian market ($USD302.72K).

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


Leadership Team

Experienced Management: NWC's management team is considered experienced (4 years average tenure).


Board Members

Experienced Board: NWC's board of directors are considered experienced (4 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 40.9%.


Top Shareholders

Company Information

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


Key Information

  • Name: New World Resources Limited
  • Ticker: NWC
  • Exchange: ASX
  • Founded: 2004
  • Industry: Diversified Metals and Mining
  • Sector: Materials
  • Market Cap: AU$134.853m
  • Shares outstanding: 1.59b
  • Website: https://newworldres.com

Location

  • New World Resources Limited
  • 1/100 Railway Road
  • Subiaco
  • Western Australia
  • 6008
  • 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 15:25
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.