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PAN

Panoramic Resources ASX:PAN Stock Report

Last Price

AU$0.23

Market Cap

AU$471.7m

7D

12.5%

1Y

32.4%

Updated

09 Aug, 2022

Data

Company Financials +
PAN fundamental analysis
Snowflake Score
Valuation3/6
Future Growth6/6
Past Performance2/6
Financial Health2/6
Dividends0/6

PAN Stock Overview

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

Panoramic Resources Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Panoramic Resources
Historical stock prices
Current Share PriceAU$0.23
52 Week HighAU$0.38
52 Week LowAU$0.17
Beta1.33
1 Month Change15.38%
3 Month Change-11.77%
1 Year Change32.35%
3 Year Change-38.36%
5 Year Change-10.00%
Change since IPO45.16%

Recent News & Updates

Shareholder Returns

PANAU Metals and MiningAU Market
7D12.5%4.5%0.7%
1Y32.4%-13.6%-8.0%

Return vs Industry: PAN exceeded the Australian Metals and Mining industry which returned -13.6% over the past year.

Return vs Market: PAN exceeded the Australian Market which returned -8% over the past year.

Price Volatility

Is PAN's price volatile compared to industry and market?
PAN volatility
PAN Average Weekly Movement10.9%
Metals and Mining Industry Average Movement12.2%
Market Average Movement10.5%
10% most volatile stocks in AU Market17.6%
10% least volatile stocks in AU Market4.6%

Stable Share Price: PAN is not significantly more volatile than the rest of Australian stocks over the past 3 months, typically moving +/- 11% a week.

Volatility Over Time: PAN's weekly volatility (11%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
2001n/aRickman Rajasooriarhttps://www.panoramicresources.com

Panoramic Resources Limited, together with its subsidiaries, engages in the exploration, evaluation, development, and mining of mineral deposits. It holds 100% interests in the Savannah nickel project in Western Australia. The company also engages in greenfield exploration activities.

Panoramic Resources Fundamentals Summary

How do Panoramic Resources's earnings and revenue compare to its market cap?
PAN fundamental statistics
Market CapAU$471.71m
Earnings (TTM)AU$1.49m
Revenue (TTM)AU$21.63m

312.5x

P/E Ratio

21.3x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
PAN income statement (TTM)
RevenueAU$21.63m
Cost of RevenueAU$17.76m
Gross ProfitAU$3.87m
Other ExpensesAU$2.38m
EarningsAU$1.49m

Last Reported Earnings

Dec 31, 2021

Next Earnings Date

n/a

Earnings per share (EPS)0.00072
Gross Margin17.90%
Net Profit Margin6.89%
Debt/Equity Ratio24.6%

How did PAN perform over the long term?

See historical performance and comparison
We’ve recently updated our valuation analysis.

Valuation

Is PAN undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

3/6

Valuation Score 3/6

  • Price-To-Sales vs Peers

  • Price-To-Sales vs Industry

  • Price-To-Sales vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

Which metric is best to use when looking at relative valuation for PAN?

Other financial metrics that can be useful for relative valuation.

PAN key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue24.8x
Enterprise Value/EBITDA18.1x
PEG Ratio7.1x

Price to Sales Ratio vs Peers

How does PAN's PS Ratio compare to its peers?

PAN PS Ratio vs Peers
The above table shows the PS ratio for PAN vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPSEstimated GrowthMarket Cap
Peer Average14.4x
OMH OM Holdings
0.4x8.6%AU$464.1m
JMS Jupiter Mines
55.1xn/aAU$391.8m
BSE Base Resources
1.1x-20.3%AU$339.4m
DDH DDH1
1x21.9%AU$341.0m
PAN Panoramic Resources
21.3x56.8%AU$471.7m

Price-To-Sales vs Peers: PAN is expensive based on its Price-To-Sales Ratio (21.3x) compared to the peer average (14.4x).


Price to Earnings Ratio vs Industry

How does PAN's PE Ratio compare vs other companies in the AU Metals and Mining Industry?

Price-To-Sales vs Industry: PAN is good value based on its Price-To-Sales Ratio (21.3x) compared to the Australian Metals and Mining industry average (44.8x)


Price to Sales Ratio vs Fair Ratio

What is PAN's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

PAN PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio21.3x
Fair PS Ratio8x

Price-To-Sales vs Fair Ratio: PAN is expensive based on its Price-To-Sales Ratio (21.3x) compared to the estimated Fair Price-To-Sales Ratio (8x).


Share Price vs Fair Value

What is the Fair Price of PAN when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: PAN (A$0.23) is trading below our estimate of fair value (A$4.33)

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


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Target price is more than 20% higher than the current share price, but analysts are not within a statistically confident range of agreement.


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Future Growth

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

Future Growth Score

6/6

Future Growth Score 6/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


44.2%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: PAN's forecast earnings growth (44.2% per year) is above the savings rate (1.8%).

Earnings vs Market: PAN's earnings (44.2% per year) are forecast to grow faster than the Australian market (6.1% per year).

High Growth Earnings: PAN's earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: PAN's revenue (56.8% per year) is forecast to grow faster than the Australian market (5.6% per year).

High Growth Revenue: PAN's revenue (56.8% 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 high in 3 years time (30.7%)


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Past Performance

How has Panoramic Resources performed over the past 5 years?

Past Performance Score

2/6

Past Performance Score 2/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


-20.5%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: PAN has a high level of non-cash earnings.

Growing Profit Margin: PAN became profitable in the past.


Past Earnings Growth Analysis

Earnings Trend: PAN has become profitable over the past 5 years, growing earnings by -20.5% per year.

Accelerating Growth: PAN has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: PAN has become profitable in the last year, making it difficult to compare its past year earnings growth to the Metals and Mining industry (57.3%).


Return on Equity

High ROE: PAN's Return on Equity (0.9%) is considered low.


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Financial Health

How is Panoramic Resources's financial position?

Financial Health Score

2/6

Financial Health Score 2/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: PAN's short term assets (A$45.7M) exceed its short term liabilities (A$31.2M).

Long Term Liabilities: PAN's short term assets (A$45.7M) do not cover its long term liabilities (A$87.9M).


Debt to Equity History and Analysis

Debt Level: PAN's net debt to equity ratio (18.1%) is considered satisfactory.

Reducing Debt: PAN's debt to equity ratio has increased from 0% to 24.6% over the past 5 years.

Debt Coverage: PAN's operating cash flow is negative, therefore debt is not well covered.

Interest Coverage: Insufficient data to determine if PAN's interest payments on its debt are well covered by EBIT.


Balance Sheet


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Dividend

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

Dividend Score

0/6

Dividend Score 0/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage

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 recent payouts.

High Dividend: Unable to evaluate PAN'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 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.


Earnings Payout to Shareholders

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


Cash Payout to Shareholders

Cash Flow Coverage: Unable to calculate sustainability of dividends as PAN has not reported any payouts.


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Management

How experienced are the management team and are they aligned to shareholders interests?

1.8yrs

Average management tenure


CEO

Rickman Rajasooriar (48 yo)

2.75yrs

Tenure

AU$1,156,468

Compensation

Mr. Rickman Victor Rajasooriar serves as Managing Director, Chief Executive Officer and Executive Director of Panoramic Resources Limited since November 11, 2019. Mr. Rajasooriar served as Chief Executive...


CEO Compensation Analysis

Compensation vs Market: Rickman's total compensation ($USD809.51K) is about average for companies of similar size in the Australian market ($USD797.23K).

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


Leadership Team

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


Board Members

Experienced Board: PAN's board of directors are considered experienced (4.2 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 not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Panoramic Resources Limited's 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
  • Implied Market Cap: AU$471.710m
  • Shares outstanding: 2.05b
  • Website: https://www.panoramicresources.com

Number of Employees


Location

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

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/08/09 00:00
End of Day Share Price2022/08/09 00:00
Earnings2021/12/31
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.