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Market Cap

AU$204.9m

Last Updated

2021/05/05 08:09 UTC

Data Sources

Company Financials

Executive Summary

OreCorp Limited operates as a mineral exploration company. More Details

Risk Analysis

Shareholders have been diluted in the past year



Snowflake Analysis

Excellent balance sheet with weak fundamentals.


Similar Companies

Share Price & News

How has OreCorp's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: ORR is not significantly more volatile than the rest of Australian stocks over the past 3 months, typically moving +/- 7% a week.

Volatility Over Time: ORR's weekly volatility (7%) has been stable over the past year.


Market Performance


7 Day Return

-4.6%

ORR

1.1%

AU Metals and Mining

0.3%

AU Market


1 Year Return

93.8%

ORR

59.9%

AU Metals and Mining

37.7%

AU Market

Return vs Industry: ORR exceeded the Australian Metals and Mining industry which returned 59.8% over the past year.

Return vs Market: ORR exceeded the Australian Market which returned 37% over the past year.


Shareholder returns

ORRIndustryMarket
7 Day-4.6%1.1%0.3%
30 Day18.1%7.9%3.8%
90 Day-3.9%8.2%4.5%
1 Year93.8%93.8%68.0%59.9%41.8%37.7%
3 Year217.9%217.9%70.8%47.1%31.7%15.9%
5 Year93.8%93.8%185.0%132.4%63.2%31.5%

Long-Term Price Volatility Vs. Market

How volatile is OreCorp's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

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

6.93x

Price to Book (PB) ratio


Share Price vs. Fair Value

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

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


Price To Earnings Ratio

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

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


Price to Book Ratio

PB vs Industry: ORR is overvalued based on its PB Ratio (6.9x) compared to the AU Metals and Mining industry average (2.5x).


Future Growth

How is OreCorp forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

-3.8%

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 OreCorp 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 OreCorp performed over the past 5 years?

5.1%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: ORR is currently unprofitable.

Growing Profit Margin: ORR is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: ORR is unprofitable, but has reduced losses over the past 5 years at a rate of 5.1% per year.

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

Earnings vs Industry: ORR is unprofitable, making it difficult to compare its past year earnings growth to the Metals and Mining industry (26.1%).


Return on Equity

High ROE: ORR has a negative Return on Equity (-23.71%), as it is currently unprofitable.


Financial Health

How is OreCorp's financial position?


Financial Position Analysis

Short Term Liabilities: ORR's short term assets (A$20.6M) exceed its short term liabilities (A$11.5M).

Long Term Liabilities: ORR's short term assets (A$20.6M) exceed its long term liabilities (A$8.4K).


Debt to Equity History and Analysis

Debt Level: ORR is debt free.

Reducing Debt: ORR 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: ORR has sufficient cash runway for more than 3 years based on its current free cash flow.

Forecast Cash Runway: Insufficient data to determine if ORR has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.


Dividend

What is OreCorp current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

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

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

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

8.3yrs

Average board tenure


CEO

Matthew Yates

8.25yrs

Tenure

AU$424,569

Compensation

Mr. Matthew Giles Yates, B.Sc. (Hons.), MAIG, has been the Chief Executive Officer and Managing Director of OreCorp Limited since February 27, 2013. Mr. Yates served the Chief Executive Officer, Managing D...


CEO Compensation Analysis

Compensation vs Market: Matthew's total compensation ($USD326.72K) is below average for companies of similar size in the Australian market ($USD491.61K).

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


Board Members

Experienced Board: ORR's board of directors are considered experienced (8.3 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

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 18.1%.


Top Shareholders

Company Information

OreCorp Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: OreCorp Limited
  • Ticker: ORR
  • Exchange: ASX
  • Founded: 2011
  • Industry: Diversified Metals and Mining
  • Sector: Materials
  • Market Cap: AU$204.896m
  • Shares outstanding: 320.15m
  • Website: https://www.orecorp.com.au

Number of Employees


Location

  • OreCorp Limited
  • 513 Hay Street
  • Suite 22
  • Subiaco
  • Western Australia
  • 6008
  • Australia

Listings


Biography

OreCorp Limited operates as a mineral exploration company. The company explores for gold, nickel, copper, cobalt, and precious metals. Its principal properties include the Nyanzaga gold project comprising ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/05/05 08:09
End of Day Share Price2021/05/05 00:00
Earnings2020/12/31
Annual Earnings2020/06/30


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.