New World Resources Limited engages in the exploration and development of mineral properties in North America.
Price History & Performance
|Historical stock prices|
|Current Share Price||AU$0.085|
|52 Week High||AU$0.037|
|52 Week Low||AU$0.12|
|1 Month Change||23.19%|
|3 Month Change||18.06%|
|1 Year Change||97.67%|
|3 Year Change||88.89%|
|5 Year Change||325.00%|
|Change since IPO||-99.95%|
Recent News & Updates
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...
|NWC||AU Metals and Mining||AU Market|
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.
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
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
|NWC fundamental statistics|
Is NWC overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|NWC income statement (TTM)|
|Cost of Revenue||AU$0|
Last Reported Earnings
Jun 30, 2021
Next Earnings Date
|Earnings per share (EPS)||-0.0018|
|Net Profit Margin||-216,738.22%|
How did NWC perform over the long term?See historical performance and comparison
Is New World Resources 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 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).
How is New World Resources 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 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.
How has New World Resources performed over the past 5 years?
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.
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$198.1K).
Debt to Equity History and Analysis
Debt Level: NWC is debt free.
Reducing Debt: NWC had no debt 5 years ago.
Cash Runway Analysis
For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: NWC has sufficient cash runway for more than a year based on its current free cash flow.
Forecast Cash Runway: NWC has sufficient cash runway for more than 3 years if free cash flow continues to reduce at historical rates of 28.6% each year
What is New World Resources's current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Notable Dividend: Unable to evaluate NWC's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate NWC's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if NWC's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if NWC's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of NWC's dividend in 3 years as they are not forecast to pay a notable one for the Australian market.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Mr. Michael Haynes, also known as Mike, BSc Geology, AIG, has been Managing Director and Director of New World Resources Limited since October 31, 2017 and serves as its Chief Executive Officer. Mr. Haynes...
CEO Compensation Analysis
Compensation vs Market: Mike's total compensation ($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.
Experienced Management: NWC's management team is considered experienced (4 years average tenure).
Experienced Board: NWC's board of directors are considered experienced (4 years average tenure).
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 40.9%.
New World Resources Limited's employee growth, exchange listings and data sources
- 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
- New World Resources Limited
- 1/100 Railway Road
- Western Australia
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/10/18 15:25|
|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.