NWC Stock Overview
New World Resources Limited engages in the exploration and development of mineral properties in North America.
New World Resources Competitors
Price History & Performance
|Historical stock prices|
|Current Share Price||AU$0.032|
|52 Week High||AU$0.09|
|52 Week Low||AU$0.028|
|1 Month Change||-3.03%|
|3 Month Change||3.23%|
|1 Year Change||-52.24%|
|3 Year Change||45.46%|
|5 Year Change||-69.52%|
|Change since IPO||-99.98%|
Recent News & Updates
|NWC||AU Metals and Mining||AU Market|
Return vs Industry: NWC underperformed the Australian Metals and Mining industry which returned 3.8% over the past year.
Return vs Market: NWC underperformed the Australian Market which returned -11.7% over the past year.
|NWC Average Weekly Movement||13.8%|
|Metals and Mining Industry Average Movement||11.4%|
|Market Average Movement||9.4%|
|10% most volatile stocks in AU Market||16.5%|
|10% least volatile stocks in AU Market||4.2%|
Stable Share Price: NWC is more volatile than 75% of Australian stocks over the past 3 months, typically moving +/- 14% a week.
Volatility Over Time: NWC's weekly volatility (14%) has been stable over the past year, but is still higher than 75% of Australian stocks.
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, and zinc deposits. It holds interests in the Tererro copper-gold-zinc VMS project located in New Mexico, and the Antler copper project situated in Arizona.
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, 2022
Next Earnings Date
|Earnings per share (EPS)||-0.008|
|Net Profit Margin||-1,215,733.22%|
How did NWC perform over the long term?See historical performance and comparison
Is NWC undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score 2/6
Price-To-Book vs Peers
Price-To-Book vs Industry
Price-To-Book vs Fair Ratio
Below Fair Value
Significantly Below Fair Value
Key Valuation Metric
Which metric is best to use when looking at relative valuation for NWC?
Other financial metrics that can be useful for relative valuation.
|What is NWC's n/a Ratio?|
Price to Book Ratio vs Peers
How does NWC's PB Ratio compare to its peers?
|NWC PB Ratio vs Peers|
|Company||PB||Estimated Growth||Market Cap|
AZS Azure Minerals
BSX Blackstone Minerals
SPQ Superior Resources
TZN Terramin Australia
NWC New World Resources
Price-To-Book vs Peers: NWC is good value based on its Price-To-Book Ratio (1.6x) compared to the peer average (3.4x).
Price to Earnings Ratio vs Industry
How does NWC's PE Ratio compare vs other companies in the AU Metals and Mining Industry?
Price-To-Book vs Industry: NWC is good value based on its Price-To-Book Ratio (1.6x) compared to the Australian Metals and Mining industry average (1.7x)
Price to Book Ratio vs Fair Ratio
What is NWC's PB Ratio compared to its Fair PB Ratio? This is the expected PB Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.
|Current PB Ratio||1.6x|
|Fair PB Ratio||n/a|
Price-To-Book vs Fair Ratio: Insufficient data to calculate NWC's Price-To-Book Fair Ratio for valuation analysis.
Share Price vs Fair Value
What is the Fair Price of NWC when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: Insufficient data to calculate NWC's fair value for valuation analysis.
Significantly Below Fair Value: Insufficient data to calculate NWC's fair value for valuation analysis.
Analyst Price Targets
What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?
Analyst Forecast: Target price is more than 20% higher than the current share price, but there are not enough analysts covering the stock to determine statistical confidence in agreement.
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How is New World Resources forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?
Future Growth Score3/6
Future Growth Score 3/6
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: NWC is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (1.8%).
Earnings vs Market: NWC is forecast to become profitable over the next 3 years, which is considered above average market growth.
High Growth Earnings: NWC is expected to become profitable in the next 3 years.
Revenue vs Market: NWC is forecast to have no revenue next year.
High Growth Revenue: NWC is forecast to have no revenue next year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: NWC's Return on Equity is forecast to be low in 3 years time (1.3%).
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How has New World Resources performed over the past 5 years?
Past Performance Score0/6
Past Performance Score 0/6
Growing Profit Margin
Earnings vs Industry
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 34.7% 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 (11.5%).
Return on Equity
High ROE: NWC has a negative Return on Equity (-40.55%), as it is currently unprofitable.
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How is New World Resources's financial position?
Financial Health Score4/6
Financial Health Score 4/6
Short Term Liabilities
Long Term Liabilities
Stable Cash Runway
Forecast Cash Runway
Financial Position Analysis
Short Term Liabilities: NWC's short term assets (A$5.0M) exceed its short term liabilities (A$2.5M).
Long Term Liabilities: NWC has no long term liabilities.
Debt to Equity History and Analysis
Debt Level: NWC is debt free.
Reducing Debt: NWC has not had any debt for past 5 years.
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 less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: NWC has less than a year of cash runway if free cash flow continues to reduce at historical rates of 39.1% each year
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What is New World Resources's current dividend yield, its reliability and sustainability?
Dividend Score 0/6
Cash Flow Coverage
Dividend Yield vs Market
|New World Resources Dividend Yield vs Market|
|Company (New World Resources)||n/a|
|Market Bottom 25% (AU)||2.8%|
|Market Top 25% (AU)||7.0%|
|Industry Average (Metals and Mining)||9.8%|
|Analyst forecast in 3 Years (New World Resources)||n/a|
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.
Earnings Payout to Shareholders
Earnings Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: Unable to calculate sustainability of dividends as NWC has not reported any payouts.
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How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Mr. Michael John Alexander Haynes, also known as Mike, BSc, serves as the Principal of Bullseye Geoservices Pty Ltd. Mr. Haynes has been the Managing Director of Black Range Minerals Limited since October...
CEO Compensation Analysis
|Mike Haynes's Compensation vs New World Resources Earnings|
|Date||Total Comp.||Salary||Company Earnings|
|Jun 30 2022||n/a||n/a|
|Mar 31 2022||n/a||n/a|
|Dec 31 2021||n/a||n/a|
|Sep 30 2021||n/a||n/a|
|Jun 30 2021||AU$427k||AU$281k|
|Mar 31 2021||n/a||n/a|
|Dec 31 2020||n/a||n/a|
|Sep 30 2020||n/a||n/a|
|Jun 30 2020||AU$363k||AU$268k|
|Mar 31 2020||n/a||n/a|
|Dec 31 2019||n/a||n/a|
|Sep 30 2019||n/a||n/a|
|Jun 30 2019||AU$540k||AU$160k|
|Mar 31 2019||n/a||n/a|
|Dec 31 2018||n/a||n/a|
|Sep 30 2018||n/a||n/a|
|Jun 30 2018||AU$980k||AU$107k|
Compensation vs Market: Mike's total compensation ($USD277.96K) is about average for companies of similar size in the Australian market ($USD274.30K).
Compensation vs Earnings: Mike's compensation has increased whilst the company is unprofitable.
Experienced Management: NWC's management team is seasoned and experienced (5 years average tenure).
Experienced Board: NWC's board of directors are considered experienced (5 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
|18 Oct 21||SellAU$16,416,877||Perennial Value Management Limited||Company||235,173,934||AU$0.07|
|15 Oct 21||BuyAU$15,997,523||Perennial Value Management Limited||Company||226,628,829||AU$0.071|
|Owner Type||Number of Shares||Ownership Percentage|
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 18%.
|Ownership||Name||Shares||Current Value||Change %||Portfolio %|
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
- Implied Market Cap: AU$59.101m
- Shares outstanding: 1.85b
- Website: https://newworldres.com
- New World Resources Limited
- 22 Railway Road
- Unit 24-26
- Western Australia
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|NWC||ASX (Australian Securities Exchange)||Yes||Ordinary Shares||AU||AUD||Sep 2005|
|C5W||DB (Deutsche Boerse AG)||Yes||Ordinary Shares||DE||EUR||Sep 2005|
|NWC||CHIA (Chi-X Australia)||Yes||Ordinary Shares||AU||AUD||Sep 2005|
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2022/10/04 00:00|
|End of Day Share Price||2022/10/04 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.