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NWC

New World Resources ASX:NWC Stock Report

Last Price

AU$0.032

Market Cap

AU$59.1m

7D

3.2%

1Y

-52.2%

Updated

04 Oct, 2022

Data

Company Financials +
NWC fundamental analysis
Snowflake Score
Valuation2/6
Future Growth3/6
Past Performance0/6
Financial Health4/6
Dividends0/6

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

Summary of all time highs, changes and price drops for New World Resources
Historical stock prices
Current Share PriceAU$0.032
52 Week HighAU$0.09
52 Week LowAU$0.028
Beta2.96
1 Month Change-3.03%
3 Month Change3.23%
1 Year Change-52.24%
3 Year Change45.46%
5 Year Change-69.52%
Change since IPO-99.98%

Recent News & Updates

Shareholder Returns

NWCAU Metals and MiningAU Market
7D3.2%7.0%3.6%
1Y-52.2%8.6%-8.0%

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.

Price Volatility

Is NWC's price volatile compared to industry and market?
NWC volatility
NWC Average Weekly Movement13.8%
Metals and Mining Industry Average Movement11.4%
Market Average Movement9.4%
10% most volatile stocks in AU Market16.5%
10% least volatile stocks in AU Market4.2%

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

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, 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

How do New World Resources's earnings and revenue compare to its market cap?
NWC fundamental statistics
Market CapAU$59.10m
Earnings (TTM)-AU$14.71m
Revenue (TTM)AU$1.21k

0.0x

P/S Ratio

-4.0x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
NWC income statement (TTM)
RevenueAU$1.21k
Cost of RevenueAU$0
Gross ProfitAU$1.21k
Other ExpensesAU$14.71m
Earnings-AU$14.71m

Last Reported Earnings

Jun 30, 2022

Next Earnings Date

n/a

Earnings per share (EPS)-0.008
Gross Margin100.00%
Net Profit Margin-1,215,733.22%
Debt/Equity Ratio0.0%

How did NWC perform over the long term?

See historical performance and comparison
We’ve recently updated our valuation analysis.

Valuation

Is NWC undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

2/6

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

  • Analyst Forecast

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.

NWC key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue45240.1x
Enterprise Value/EBITDA-28.9x
PEG Ration/a

Price to Book Ratio vs Peers

How does NWC's PB Ratio compare to its peers?

NWC PB Ratio vs Peers
The above table shows the PB ratio for NWC vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPBEstimated GrowthMarket Cap
Peer Average3.4x
AZS Azure Minerals
2.2xn/aAU$55.9m
BSX Blackstone Minerals
1.4x74.9%AU$85.2m
SPQ Superior Resources
6.5xn/aAU$81.7m
TZN Terramin Australia
3.5xn/aAU$78.3m
NWC New World Resources
1.6x83.9%AU$59.1m

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.

NWC PB Ratio vs Fair Ratio.
Fair Ratio
Current PB Ratio1.6x
Fair PB Ration/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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Future Growth

How is New World Resources forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?

Future Growth Score

3/6

Future Growth Score 3/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


83.9%

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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Past Performance

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

Past Performance Score

0/6

Past Performance Score 0/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


-34.7%

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 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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Financial Health

How is New World Resources's financial position?

Financial Health Score

4/6

Financial Health Score 4/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • 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.


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 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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Dividend

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

Dividend Score

0/6

Dividend Score 0/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage

Dividend Yield vs Market

New World Resources Dividend Yield vs Market
How does New World Resources dividend yield compare to the market?
SegmentDividend Yield
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.


Discover strong dividend paying companies

Management

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

5.0yrs

Average management tenure


CEO

Mike Haynes

5yrs

Tenure

AU$426,670

Compensation

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
How has Mike Haynes's remuneration changed compared to New World Resources's earnings?
DateTotal Comp.SalaryCompany Earnings
Jun 30 2022n/an/a

-AU$15m

Mar 31 2022n/an/a

-AU$15m

Dec 31 2021n/an/a

-AU$15m

Sep 30 2021n/an/a

-AU$9m

Jun 30 2021AU$427kAU$281k

-AU$3m

Mar 31 2021n/an/a

-AU$2m

Dec 31 2020n/an/a

-AU$1m

Sep 30 2020n/an/a

-AU$1m

Jun 30 2020AU$363kAU$268k

-AU$1m

Mar 31 2020n/an/a

-AU$4m

Dec 31 2019n/an/a

-AU$7m

Sep 30 2019n/an/a

-AU$7m

Jun 30 2019AU$540kAU$160k

-AU$8m

Mar 31 2019n/an/a

-AU$6m

Dec 31 2018n/an/a

-AU$4m

Sep 30 2018n/an/a

-AU$3m

Jun 30 2018AU$980kAU$107k

-AU$3m

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.


Leadership Team

Experienced Management: NWC's management team is seasoned and experienced (5 years average tenure).


Board Members

Experienced Board: NWC's board of directors are considered experienced (5 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

ASX:NWC Recent Insider Transactions by Companies or Individuals
DateValueNameEntityRoleSharesMax Price
18 Oct 21SellAU$16,416,877Perennial Value Management LimitedCompany235,173,934AU$0.07
15 Oct 21BuyAU$15,997,523Perennial Value Management LimitedCompany226,628,829AU$0.071

Ownership Breakdown

What is the ownership structure of NWC?
Owner TypeNumber of SharesOwnership Percentage
Individual Insiders94,281,2985.1%
Private Companies235,148,39012.7%
Institutions359,367,84619.5%
General Public1,158,105,28862.7%

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 18%.


Top Shareholders

Top 17 shareholders own 37.29% of the company
OwnershipNameSharesCurrent ValueChange %Portfolio %
6.77%
Paradice Investment Management Pty Ltd.
124,971,840A$4.0m0%0.1%
6.39%
Ponderosa Investments Pty Ltd
118,010,890A$3.8m45.14%no data
4.48%
M&G Investment Management Limited
82,674,710A$2.6m0%no data
4.29%
Perennial Value Management Limited
79,157,399A$2.5m0%0.32%
2.4%
City National Rochdale, LLC
44,276,198A$1.4m0%no data
2.04%
Hassan Laaziri
37,667,305A$1.2m0%no data
1.8%
Ransdale Investments Pty Ltd
33,250,000A$1.1m0%no data
1.62%
FNL Investments Pty Ltd
30,000,000A$960.0k0%no data
1.54%
Deck Chair Holdings Pty Ltd.
28,500,000A$912.0k0%no data
1.46%
Richard Manners Hill
26,951,682A$862.5k0%no data
1.38%
Universal-Investment-Gesellschaft Mit BeschrÄNkter Haftung
25,557,926A$817.9k0%no data
1.16%
Geoffrey Cammell
21,400,000A$684.8k0%no data
0.73%
Robert Galipo Designs Pty Ltd
13,500,000A$432.0k0%no data
0.64%
Holdrey Pty. Ltd.
11,887,500A$380.4k0%no data
0.32%
Ian Cunningham
5,895,645A$188.7k0%no data
0.15%
Dimensional Fund Advisors LP
2,729,773A$87.4k109.58%no data
0.13%
Anthony Polglase
2,366,666A$75.7k0%no data

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
  • Implied Market Cap: AU$59.101m
  • Shares outstanding: 1.85b
  • Website: https://newworldres.com

Location

  • New World Resources Limited
  • 22 Railway Road
  • Unit 24-26
  • Subiaco
  • Western Australia
  • 6008
  • Australia


Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
NWCASX (Australian Securities Exchange)YesOrdinary SharesAUAUDSep 2005
C5WDB (Deutsche Boerse AG)YesOrdinary SharesDEEURSep 2005
NWCCHIA (Chi-X Australia)YesOrdinary SharesAUAUDSep 2005

Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/10/04 00:00
End of Day Share Price2022/10/04 00:00
Earnings2022/06/30
Annual Earnings2022/06/30


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.