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NWM

Norwest MineralsASX:NWM Stock Report

Market Cap

AU$15.0m

7D

0%

1Y

-33.6%

Updated

18 Oct, 2021

Data

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

NWM Overview

Norwest Minerals Limited explores for and develops mineral properties in Western Australia.

Price History & Performance

Summary of all time highs, changes and price drops for Norwest Minerals
Historical stock prices
Current Share PriceAU$0.083
52 Week HighAU$0.066
52 Week LowAU$0.15
Beta-0.49
1 Month Change16.90%
3 Month Change-8.79%
1 Year Change-33.60%
3 Year Changen/a
5 Year Changen/a
Change since IPO-58.50%

Recent News & Updates

Shareholder Returns

NWMAU Metals and MiningAU Market
7D0%4.3%0.9%
1Y-33.6%12.2%20.2%

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

Return vs Market: NWM underperformed the Australian Market which returned 20.2% over the past year.

Price Volatility

Is NWM's price volatile compared to industry and market?
NWM volatility
NWM Beta-0.49
Industry Beta0.97
Market Beta1

Stable Share Price: NWM is not significantly more volatile than the rest of Australian stocks over the past 3 months, typically moving +/- 11% a week.

Volatility Over Time: NWM's weekly volatility (11%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
2017n/aCharles Schaushttps://norwestminerals.com.au

Norwest Minerals Limited explores for and develops mineral properties in Western Australia. The company explores for nickel, copper, zinc, gold, and lead deposits. Its principal projects include 100% owned the Bulgera gold project comprising two granted exploration licenses covering an area of 36.8 square kilometers located in the Plutonic Well Greenstone Belt of Western Australia; 100% owned the Bali copper project covering an area of 41 square kilometers with five prospects identified along the 8-kilometre northwest trending Bali shear zone located to the west of Paraburdoo in Western Australia; and 83% owned the Arunta West gold and copper project covering an area of 840 square kilometers located in Western Australia.

Norwest Minerals Fundamentals Summary

How do Norwest Minerals's earnings and revenue compare to its market cap?
NWM fundamental statistics
Market CapAU$14.99m
Earnings (TTM)-AU$1.69m
Revenue (TTM)AU$86.76k

172.9x

P/S Ratio

-8.9x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
NWM income statement (TTM)
RevenueAU$86.76k
Cost of RevenueAU$0
Gross ProfitAU$86.76k
ExpensesAU$1.78m
Earnings-AU$1.69m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)-0.0094
Gross Margin100.00%
Net Profit Margin-1,952.35%
Debt/Equity Ratio0.0%

How did NWM perform over the long term?

See historical performance and comparison

Valuation

Is Norwest Minerals undervalued compared to its fair value and its price relative to the market?

1.2x

Price to Book (PB) ratio


Share Price vs. Fair Value

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

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


Price To Earnings Ratio

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

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


Price to Book Ratio

PB vs Industry: NWM is good value based on its PB Ratio (1.2x) compared to the AU Metals and Mining industry average (2.6x).


Future Growth

How is Norwest Minerals 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 Norwest Minerals 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 Norwest Minerals performed over the past 5 years?

-35.7%

Last years earnings growth


Earnings and Revenue History

Quality Earnings: NWM is currently unprofitable.

Growing Profit Margin: NWM is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: Insufficient data to determine if NWM's year-on-year earnings growth rate was positive over the past 5 years.

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

Earnings vs Industry: NWM 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: NWM has a negative Return on Equity (-13.59%), as it is currently unprofitable.


Financial Health

How is Norwest Minerals's financial position?


Financial Position Analysis

Short Term Liabilities: NWM's short term assets (A$1.2M) exceed its short term liabilities (A$794.4K).

Long Term Liabilities: NWM has no long term liabilities.


Debt to Equity History and Analysis

Debt Level: NWM is debt free.

Reducing Debt: NWM 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: NWM has less than a year of cash runway based on its current free cash flow.

Forecast Cash Runway: NWM has less than a year of cash runway if free cash flow continues to reduce at historical rates of 12.8% each year


Dividend

What is Norwest Minerals's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

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

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

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

3.1yrs

Average board tenure


CEO

Charles Schaus (62 yo)

3.33yrs

Tenure

AU$266,666

Compensation

Mr. Charles Craig, Schaus, B.Sc., (Geology), MAusIMM, Aig, serves as Chief Executive Officer of Norwest Gold Pty Ltd. Mr. Schaus served as Managing Director of Aurox Resources Pty Ltd (formerly known as Au...


CEO Compensation Analysis

Compensation vs Market: Charles's total compensation ($USD197.93K) is below average for companies of similar size in the Australian market ($USD302.72K).

Compensation vs Earnings: Charles's compensation has been consistent with company performance over the past year.


Board Members

Experienced Board: NWM's board of directors are considered experienced (3.1 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: NWM 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 substantially diluted in the past year, with total shares outstanding growing by 72.3%.


Top Shareholders

Company Information

Norwest Minerals Limited's employee growth, exchange listings and data sources


Key Information

  • Name: Norwest Minerals Limited
  • Ticker: NWM
  • Exchange: ASX
  • Founded: 2017
  • Industry: Diversified Metals and Mining
  • Sector: Materials
  • Market Cap: AU$14.990m
  • Shares outstanding: 180.61m
  • Website: https://norwestminerals.com.au

Location

  • Norwest Minerals Limited
  • 7 Ventnor Avenue
  • 1st Floor
  • West Perth
  • Western Australia
  • 6005
  • 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 15:39
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.