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.


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


Market Performance


7 Day Return

32.4%

ORR

-3.5%

AU Metals and Mining

-0.2%

AU Market


1 Year Return

63.6%

ORR

8.3%

AU Metals and Mining

10.5%

AU Market

Return vs Industry: ORR exceeded the Australian Metals and Mining industry which returned 8.3% over the past year.

Return vs Market: ORR exceeded the Australian Market which returned 10.5% over the past year.


Shareholder returns

ORRIndustryMarket
7 Day32.4%-3.5%-0.2%
30 Day0%-7.1%-1.4%
90 Day60.7%-13.1%-1.0%
1 Year63.6%63.6%15.8%8.3%16.9%10.5%
3 Year-8.2%-8.2%57.4%38.4%36.9%18.6%
5 Year650.0%650.0%66.4%26.8%50.2%16.2%

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?

8.79x

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 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 (8.8x) compared to the AU Metals and Mining industry average (1.5x).


Next Steps

  • Explore potentially undervalued companies in the Materials industry.

Future Growth

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

2.6%

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?

-26.6%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: ORR is unprofitable, and losses have increased over the past 5 years at a rate of -26.6% 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 (14.4%).


Return on Equity

High ROE: ORR has a negative Return on Equity (-58.16%), as it is currently unprofitable.


Return on Assets

ROA vs Industry: ORR is currently unprofitable, so its Return on Assets is negative.


Return on Capital Employed

ROCE Improving: ORR is currently unprofitable, so its Return on Capital Employed is negative.


Next Steps

Financial Health

How is OreCorp's financial position?


Financial Position Analysis

Short Term Liabilities: ORR's short term assets (A$10.1M) exceeds its short term liabilities (A$697.9K)

Long Term Liabilities: ORR's short term assets (10.1M) exceeds its long term liabilities (157.5K)


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

Inventory Level: ORR has a low level of unsold assets or inventory.

Debt Coverage by Assets: Insufficient data to determine if ORR's debt is 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.

Stable Cash Runway: ORR has sufficient cash runway for more than a year based on its current free cash flow.

Forecast Cash Runway: ORR has sufficient cash runway for 1.455445 years if free cash flow continues to grow at historical rates of 8.1% each year.


Next Steps

Dividend

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


Dividend Yield vs Market

companyn/amarketbottom25%2.4%markettop25%5.6%industryaverage4.9%forecastin3Yearsn/a

Current dividend yield vs market & industry


Stability and Growth of Payments

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

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

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

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

6.7yrs

Average board tenure


CEO

Matthew Yates 0

6.7yrs

Tenure

AU$512,292

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

Compensation vs. Market: Matthew's total compensation ($USD351.56K) is about average for companies of similar size in the Australian market ($USD259.85K).

Compensation vs Earnings: Matthew's compensation has increased whilst the company is unprofitable.


Board Age and Tenure

6.7yrs

Average Tenure

64yo

Average Age

Experienced Board: ORR's board of directors are considered experienced (6.7 years average tenure).


Insider Trading

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

SellAU$33,62727 Aug 19
China International Fund Management Company Limited
EntityCompany
Shares144,390
Max PriceAU$0.28
SellAU$508,03027 Aug 19
J.P. Morgan Asset Management, Inc.
EntityCompany
Shares2,269,906
Max PriceAU$0.42
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: 6.7yrs
    • Compensation: AU$512.29k
  • Dion Loney

    Group Accountant & Company Secretary

    • Tenure: 0.3yrs

Board Members

  • Craig Williams (67yo)

    Independent Non-Executive Chairman

    • Tenure: 6.7yrs
    • Compensation: AU$141.50k
  • Robert Rigo (64yo)

    Non-Executive Director

    • Tenure: 3.5yrs
    • Compensation: AU$91.50k
  • Mike Klessens (53yo)

    Non-Executive Director

    • Tenure: 6.7yrs
    • Compensation: AU$96.50k
  • Matthew Yates

    MD, CEO & Director

    • Tenure: 6.7yrs
    • Compensation: AU$512.29k
  • Alastair Morrison

    Non-Executive Director

    • Tenure: 6.7yrs
    • Compensation: AU$91.50k

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$100.090m
  • Shares outstanding: 270.51m
  • 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 Analysis2019/10/22 10:36
End of Day Share Price2019/10/22 00:00
Earnings2019/06/30
Annual Earnings2019/06/30


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.