ASX:ORR

Stock Analysis Report

Executive Summary

OreCorp Limited engages in the exploration of mineral properties in Africa.

Snowflake

Fundamentals

Flawless balance sheet with weak fundamentals.

Risks

  • OreCorp has significant price volatility in the past 3 months.
  • OreCorp is not covered by any analysts.

Share Price & News

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


Latest Share Price and Events


Market Performance


7 Day Return

0%

ASX:ORR

-2.4%

AU Metals and Mining

-1.8%

AU Market


1 Year Return

14.8%

ASX:ORR

11.2%

AU Metals and Mining

0.2%

AU Market

ORR outperformed the Metals and Mining industry which returned 11.2% over the past year.

ORR outperformed the Market in Australia which returned 0.2% over the past year.


Share holder returns

ORRIndustryMarket
7 Day0%-2.4%-1.8%
30 Day26.5%-8.4%-3.5%
90 Day14.8%-1.2%-0.4%
1 Year14.8%14.8%19.0%11.2%5.9%0.2%
3 Year-48.3%-48.3%69.2%51.3%31.5%14.4%
5 Year408.2%408.2%42.5%10.9%38.3%7.3%

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 based on future cash flows and its price relative to the stock market?

4.96x

Price to Book (PB) ratio


Intrinsic Value Based on Future Cash Flows

Unable to calculate intrinsic value for OreCorp to establish if it is available at moderate discount.

Unable to calculate intrinsic value for OreCorp to establish if it is available at substantial discount.


Price Based on Earnings

OreCorp is loss making, we can't compare its value to the AU Metals and Mining industry average.

OreCorp is loss making, we can't compare the value of its earnings to the Australia market.


Price Based on Expected Growth

Unable to calculate PEG ratio for OreCorp, we can't assess if its growth is good value.


Price Based on Value of Assets

OreCorp is overvalued based on assets compared to the AU Metals and Mining industry average.


Next Steps

Future Growth

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

3.7%

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.


Next Steps

Past Performance

How has OreCorp performed over the past 5 years?

-28.8%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

OreCorp does not make a profit and their year on year earnings growth rate was negative over the past 5 years.

Unable to compare OreCorp's 1-year earnings growth to the 5-year average as it is not currently profitable.

Unable to compare OreCorp's 1-year growth to the AU Metals and Mining industry average as it is not currently profitable.


Return on Equity

It is difficult to establish if OreCorp has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.


Return on Assets

It is difficult to establish if OreCorp has efficiently used its assets last year compared to the AU Metals and Mining industry average (Return on Assets) as it is loss-making.


Return on Capital Employed

It is difficult to establish if OreCorp improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.


Next Steps

Financial Health

How is OreCorp's financial position?


Financial Position Analysis

OreCorp is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.

OreCorp's cash and other short term assets cover its long term commitments.


Debt to Equity History and Analysis

OreCorp has no debt.

OreCorp has not taken on any debt in the past 5 years.


Balance Sheet

Low level of unsold assets.

OreCorp has no debt, it does not need to be covered by short term assets.


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.

OreCorp has sufficient cash runway for 1.9 years based on current free cash flow.

OreCorp has sufficient cash runway for 1.7 years if free cash flow continues to grow at historical rates of 16.1% each year.


Next Steps

Dividend

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


Dividend Yield and Payments Analysis

Unable to evaluate OreCorp's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.

Unable to evaluate OreCorp's dividend against the top 25% market benchmark as the company has not reported any payouts.

Unable to perform a dividend volatility check as OreCorp has not reported any payouts.

Unable to verify if OreCorp's dividend has been increasing as the company has not reported any payouts.


Current Payout to Shareholders

Unable to calculate sustainability of dividends as OreCorp has not reported any payouts.


Future Payout to Shareholders

Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.


Next Steps

Management

What is the CEO of OreCorp's salary, the management and board of directors tenure and is there insider trading?

6.5yrs

Average board tenure


CEO

Matthew Yates 0

6.5yrs

Tenure

AU$430,743

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 serves as Managing Director at OmegaCorp Limite ...


CEO Compensation Analysis

Matthew's remuneration is about average for companies of similar size in Australia.

Matthew's compensation has been consistent with company performance over the past year, both up more than 20%.


Board Age and Tenure

6.5yrs

Average Tenure

64yo

Average Age

The tenure for the OreCorp board of directors is about average.


Insider Trading

No 3 month open market individual insider trading information.


Recent Insider Transactions

BuyAU$660,80701 Jul 19
Westoz Funds Management Pty Ltd.
EntityCompany
Shares2,375,643
Max PriceAU$0.30

Ownership Breakdown


Management Team

  • Matthew Yates

    MD, CEO & Director

    • Tenure: 6.5yrs
    • Compensation: AU$430.74k
  • Dion Loney

    Group Accountant & Company Secretary

    • Tenure: 0.1yrs

Board Members

  • Craig Williams (67yo)

    Independent Non-Executive Chairman

    • Tenure: 6.5yrs
    • Compensation: AU$105.77k
  • Robert Rigo (64yo)

    Non-Executive Director

    • Tenure: 3.3yrs
    • Compensation: AU$68.18k
  • Mike Klessens (53yo)

    Non-Executive Director

    • Tenure: 6.5yrs
    • Compensation: AU$74.18k
  • Matthew Yates

    MD, CEO & Director

    • Tenure: 6.5yrs
    • Compensation: AU$430.74k
  • Alastair Morrison

    Non-Executive Director

    • Tenure: 6.5yrs
    • Compensation: AU$68.18k

Company Information

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


Key Information

  • Name: OreCorp Limited
  • Ticker: ORR
  • Exchange: ASX
  • Founded: 2010
  • Industry: Diversified Metals and Mining
  • Sector: Materials
  • Market Cap: AU$67.398m
  • Shares outstanding: 217.41m
  • Website: https://www.orecorp.com.au

Number of Employees


Location

  • OreCorp Limited
  • 513 Hay Street
  • Suite 20
  • Subiaco
  • Western Australia
  • 6008
  • Australia

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
ORRASX (Australian Securities Exchange)YesOrdinary SharesAUAUDMar 2013
ORRCHIA (Chi-X Australia)YesOrdinary SharesAUAUDMar 2013
0JPBST (Boerse-Stuttgart)YesOrdinary SharesDEEURMar 2013

Biography

OreCorp Limited engages in the exploration of mineral properties in Africa. The company explores for gold, nickel, copper, cobalt, and precious metals. Its principal properties are the Nyanzaga gold projec ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/08/20 10:36
End of Day Share Price2019/08/20 00:00
Earnings2018/12/31
Annual Earnings2018/06/30


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.