ASX:PAN

Stock Analysis Report

Panoramic Resources

Executive Summary

Panoramic Resources Limited, together with its subsidiaries, engages in the exploration, evaluation, and development of mineral properties.


Snowflake Analysis

High growth potential and fair value.


Similar Companies

Share Price & News

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


Latest Share Price and Events

Stable Share Price: PAN's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

-17.9%

PAN

11.0%

AU Metals and Mining

13.4%

AU Market


1 Year Return

-71.3%

PAN

-19.1%

AU Metals and Mining

-18.8%

AU Market

Return vs Industry: PAN underperformed the Australian Metals and Mining industry which returned -19.1% over the past year.

Return vs Market: PAN underperformed the Australian Market which returned -18.8% over the past year.


Shareholder returns

PANIndustryMarket
7 Day-17.9%11.0%13.4%
30 Day-45.2%-11.6%-20.7%
90 Day-63.5%-21.4%-24.4%
1 Year-70.1%-71.3%-14.6%-19.1%-15.2%-18.8%
3 Year-57.8%-61.0%28.6%12.3%-2.8%-15.9%
5 Year-74.8%-77.0%61.1%22.9%9.3%-15.3%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

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

44.1%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: PAN (A$0.12) is trading below our estimate of fair value (A$0.21)

Significantly Below Fair Value: PAN is trading below fair value by more than 20%.


Price To Earnings Ratio

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

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


Price to Book Ratio

PB vs Industry: PAN is good value based on its PB Ratio (0.8x) compared to the AU Metals and Mining industry average (1x).


Next Steps

Future Growth

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

81.2%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: PAN is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (1.1%).

Earnings vs Market: PAN is forecast to become profitable over the next 3 years, which is considered above average market growth.

High Growth Earnings: PAN's is expected to become profitable in the next 3 years.

Revenue vs Market: PAN's revenue (33.8% per year) is forecast to grow faster than the Australian market (4% per year).

High Growth Revenue: PAN's revenue (33.8% per year) is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: PAN's Return on Equity is forecast to be low in 3 years time (6.2%).


Next Steps

Past Performance

How has Panoramic Resources performed over the past 5 years?

33.4%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: PAN is currently unprofitable.

Growing Profit Margin: PAN is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: PAN is unprofitable, but has reduced losses over the past 5 years at a rate of 33.4% per year.

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

Earnings vs Industry: PAN is unprofitable, making it difficult to compare its past year earnings growth to the Metals and Mining industry (-7%).


Return on Equity

High ROE: PAN has a negative Return on Equity (-29.5%), as it is currently unprofitable.


Next Steps

Financial Health

How is Panoramic Resources's financial position?


Financial Position Analysis

Short Term Liabilities: PAN's short term assets (A$34.2M) do not cover its short term liabilities (A$63.1M).

Long Term Liabilities: PAN's short term assets (A$34.2M) do not cover its long term liabilities (A$74.0M).


Debt to Equity History and Analysis

Debt Level: PAN's debt to equity ratio (29.2%) is considered satisfactory.

Reducing Debt: PAN had negative shareholder equity 5 years ago, but is now positive and has therefore improved.


Balance Sheet

Inventory Level: PAN has a high level of physical assets or inventory.

Debt Coverage by Assets: PAN's debt is covered by short term assets (assets are 1.1x debt).


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

Forecast Cash Runway: PAN has less than a year of cash runway if free cash flow continues to reduce at historical rates of -39.3% each year


Next Steps

Dividend

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

5.07%

Forecast Dividend Yield


Dividend Yield vs Market

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

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


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if PAN's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if PAN's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: PAN is not paying a notable dividend for the Australian market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of PAN'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?

0.3yrs

Average management tenure


CEO

Rickman Rajasooriar (45yo)

0.25

Tenure

Mr. Rickman Victor Rajasooriar serves as Managing Director, Chief Executive Officer and Director of Panoramic Resources Limited since November 11, 2019. Mr. Rajasooriar has been Chairman of the Board at Ho ...


Leadership Team

NamePositionTenureCompensationOwnership
John Hicks
General Manager of Exploration6yrsAU$265.47k0.11% A$99.1k
Rickman Rajasooriar
MD, CEO & Director0.25yrno data0.11% A$95.8k
Michael Ball
Chief Financial Officer0.25yrno datano data
David Hume
General Manager of Operations0.25yrno datano data
Evy Litopoulos
Investor Relations Manager8yrsno datano data
Geoffrey Rogers
Legal Counselno datano datano data
Sameer Purohit
Principal of Planning & Analysis0.25yrno datano data
Andrew Math
Group Financial Controller6.42yrsno datano data
Darryl Edwards
Company Secretary0.17yrno datano data

0.3yrs

Average Tenure

Experienced Management: PAN's management team is not considered experienced ( 0.3 years average tenure), which suggests a new team.


Board Members

NamePositionTenureCompensationOwnership
Rickman Rajasooriar
MD, CEO & Director0.25yrno data0.11% A$95.8k
Peter Sullivan
Non-Executive Chairman0.25yrAU$98.52kno data
Gillian Swaby
Non-Executive Director1.42yrsno data0.0066% A$5.7k
Nicholas Cernotta
Lead Independent Non-Executive Directorno dataAU$98.52k0.0066% A$5.7k
Rebecca Hayward
Independent Non-Executive Director1.67yrsAU$90.19k0.0066% A$5.7k

0.8yrs

Average Tenure

59yo

Average Age

Experienced Board: PAN's board of directors are not considered experienced ( 0.8 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: PAN 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 14%.


Top Shareholders

Company Information

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


Key Information

  • Name: Panoramic Resources Limited
  • Ticker: PAN
  • Exchange: ASX
  • Founded: 2001
  • Industry: Diversified Metals and Mining
  • Sector: Materials
  • Market Cap: AU$87.760m
  • Shares outstanding: 763.13m
  • Website: https://www.panoramicresources.com

Number of Employees


Location

  • Panoramic Resources Limited
  • 553 Hay Street
  • Level 9
  • Perth
  • Western Australia
  • 6000
  • Australia

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
PANAIASX (Australian Securities Exchange)NPV DFD 17/01/20(EX-RIGHTS)AUAUDNo data
PANASX (Australian Securities Exchange)YesOrdinary SharesAUAUDSep 2001
YM1DB (Deutsche Boerse AG)YesOrdinary SharesDEEURSep 2001
PANR.FOTCPK (Pink Sheets LLC)YesOrdinary SharesUSUSDSep 2001
PANCHIA (Chi-X Australia)YesOrdinary SharesAUAUDSep 2001

Biography

Panoramic Resources Limited, together with its subsidiaries, engages in the exploration, evaluation, and development of mineral properties. It operates through five segments: Nickel, Gold, Platinum Group Metals, Australian Exploration, and Overseas Exploration. It holds 100% interests in the Savannah nickel project in Western Australia; and the Gum Creek gold project covering an area of approximately 724 square kilometers located to the northeast of Perth, Western Australia. The company also owns an interest in the Panton PGM project located in the East Kimberley region of Western Australia. In addition, it engages in greenfield exploration activities. The company was founded in 2001 and is based in Perth, Australia. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/03/31 10:40
End of Day Share Price2020/03/31 00:00
Earnings2019/12/31
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.