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OBM

Ora Banda MiningASX:OBM Stock Report

Market Cap

AU$95.5m

7D

-2.0%

1Y

-70.7%

Updated

18 Oct, 2021

Data

Company Financials
OBM fundamental analysis
Snowflake Score
Valuation1/6
Future Growth0/6
Past Performance0/6
Financial Health5/6
Dividends0/6

OBM Overview

Ora Banda Mining Limited engages in the exploration and evaluation of mineral properties in Australia.

Ora Banda Mining Competitors

Ramelius Resources

ASX:RMS

AU$1.3b

Gold Road Resources

ASX:GOR

AU$1.2b

Westgold Resources

ASX:WGX

AU$838.2m

Red 5

ASX:RED

AU$659.8m

Price History & Performance

Summary of all time highs, changes and price drops for Ora Banda Mining
Historical stock prices
Current Share PriceAU$0.098
52 Week HighAU$0.09
52 Week LowAU$0.35
Beta0.93
1 Month Change-6.67%
3 Month Change-34.67%
1 Year Change-70.75%
3 Year Changen/a
5 Year Change-98.13%
Change since IPO-99.90%

Recent News & Updates

Aug 23
We're A Little Worried About Ora Banda Mining's (ASX:OBM) Cash Burn Rate

We're A Little Worried About Ora Banda Mining's (ASX:OBM) Cash Burn Rate

There's no doubt that money can be made by owning shares of unprofitable businesses. For example, although Amazon.com...

Shareholder Returns

OBMAU Metals and MiningAU Market
7D-2.0%4.3%0.9%
1Y-70.7%12.2%20.2%

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

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

Price Volatility

Is OBM's price volatile compared to industry and market?
OBM volatility
OBM Beta0.93
Industry Beta0.97
Market Beta1

Stable Share Price: OBM is more volatile than 75% of Australian stocks over the past 3 months, typically moving +/- 13% a week.

Volatility Over Time: OBM's weekly volatility (13%) has been stable over the past year, but is still higher than 75% of Australian stocks.

About the Company

FoundedEmployeesCEOWebsite
2002n/aPeter Nicholsonhttps://www.orabandamining.com.au

Ora Banda Mining Limited engages in the exploration and evaluation of mineral properties in Australia. The company explores for gold, nickel, and base metal deposits. It holds 100 % interests in the Davyhurst Gold project comprises 95 tenements covering an area of approximately 1,210 square kilometers located in North West of Kalgoorlie, Western Australia.

Ora Banda Mining Fundamentals Summary

How do Ora Banda Mining's earnings and revenue compare to its market cap?
OBM fundamental statistics
Market CapAU$95.47m
Earnings (TTM)-AU$22.28m
Revenue (TTM)AU$25.12m

3.8x

P/S Ratio

-4.3x

P/E Ratio

Valuation

Is Ora Banda Mining undervalued compared to its fair value and its price relative to the market?

0.94x

Price to Book (PB) ratio


Share Price vs. Fair Value

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

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


Price To Earnings Ratio

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

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


Price to Book Ratio

PB vs Industry: OBM is good value based on its PB Ratio (0.9x) compared to the AU Metals and Mining industry average (2.6x).


Future Growth

How is Ora Banda Mining 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 Ora Banda Mining 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 Ora Banda Mining performed over the past 5 years?

17.0%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: OBM is currently unprofitable.

Growing Profit Margin: OBM is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: OBM is unprofitable, but has reduced losses over the past 5 years at a rate of 17% per year.

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

Earnings vs Industry: OBM 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: OBM has a negative Return on Equity (-21.84%), as it is currently unprofitable.


Financial Health

How is Ora Banda Mining's financial position?


Financial Position Analysis

Short Term Liabilities: OBM's short term assets (A$46.6M) exceed its short term liabilities (A$31.3M).

Long Term Liabilities: OBM's short term assets (A$46.6M) exceed its long term liabilities (A$39.2M).


Debt to Equity History and Analysis

Debt Level: OBM is debt free.

Reducing Debt: OBM has no debt compared to 5 years ago when its debt to equity ratio was 1.8%.


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

Forecast Cash Runway: OBM has sufficient cash runway for 1.6 years if free cash flow continues to reduce at historical rates of 19.1% each year.


Dividend

What is Ora Banda Mining current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

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

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

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

1.8yrs

Average management tenure


CEO

Peter Nicholson (46 yo)

0.50

Tenure

AU$544,874

Compensation

Mr. Peter Bruce Nicholson, B.Eng (Mining) - Fellow Finsia is a Partner, Managing Director, Australia and Investment Team Leader of RCF Management, LLC. Mr. Nicholson has been Managing Director of Ora Banda...


CEO Compensation Analysis

Compensation vs Market: Peter's total compensation ($USD404.42K) is above average for companies of similar size in the Australian market ($USD302.72K).

Compensation vs Earnings: Insufficient data to compare Peter's compensation with company performance.


Leadership Team

Experienced Management: OBM's management team is not considered experienced ( 1.8 years average tenure), which suggests a new team.


Board Members

Experienced Board: OBM's board of directors are not considered experienced ( 2.5 years average tenure), which suggests a new board.


Ownership

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


Insider Trading Volume

Insider Buying: OBM 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 16.2%.


Top Shareholders

Company Information

Ora Banda Mining Limited's employee growth, exchange listings and data sources


Key Information

  • Name: Ora Banda Mining Limited
  • Ticker: OBM
  • Exchange: ASX
  • Founded: 2002
  • Industry: Gold
  • Sector: Materials
  • Market Cap: AU$95.474m
  • Shares outstanding: 974.22m
  • Website: https://www.orabandamining.com.au

Location

  • Ora Banda Mining Limited
  • 2 Kings Park Road
  • Level 1
  • 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 15:24
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.