ASX:PIO

Stock Analysis Report

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Executive Summary

Pioneer Resources Limited explores for and develops mineral properties in Australia and Canada.


Snowflake Analysis

Flawless balance sheet and undervalued.

Share Price & News

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


Latest Share Price and Events

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


Market Performance


7 Day Return

-8.3%

PIO

3.7%

AU Metals and Mining

2.7%

AU Market


1 Year Return

0%

PIO

6.4%

AU Metals and Mining

-6.6%

AU Market

Return vs Industry: PIO underperformed the Australian Metals and Mining industry which returned 6.7% over the past year.

Return vs Market: PIO exceeded the Australian Market which returned -6.9% over the past year.


Shareholder returns

PIOIndustryMarket
7 Day-8.3%3.7%2.7%
30 Day-8.3%17.8%12.2%
90 Day-15.4%13.6%-2.8%
1 Year0%0%12.0%6.4%-2.7%-6.6%
3 Year-35.3%-35.3%70.7%47.2%18.2%2.6%
5 Year-30.5%-31.3%98.6%58.5%33.2%4.4%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

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

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: PIO (A$0.01) is trading below our estimate of fair value (A$0.04)

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


Price To Earnings Ratio

PE vs Industry: PIO is good value based on its PE Ratio (5.7x) compared to the Metals and Mining industry average (10.1x).

PE vs Market: PIO is good value based on its PE Ratio (5.7x) compared to the Australian market (15.7x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate PIO's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: PIO is good value based on its PB Ratio (0.9x) compared to the AU Metals and Mining industry average (1.5x).


Next Steps

Future Growth

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

1.9%

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 Pioneer Resources 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 Pioneer Resources performed over the past 5 years?

14.0%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: PIO has high quality earnings.

Growing Profit Margin: PIO became profitable in the past.


Past Earnings Growth Analysis

Earnings Trend: PIO has become profitable over the past 5 years, growing earnings by 14% per year.

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

Earnings vs Industry: PIO has become profitable in the last year, making it difficult to compare its past year earnings growth to the Metals and Mining industry (-7.9%).


Return on Equity

High ROE: PIO's Return on Equity (16.3%) is considered low.


Next Steps

Financial Health

How is Pioneer Resources's financial position?


Financial Position Analysis

Short Term Liabilities: PIO's short term assets (A$6.1M) exceed its short term liabilities (A$2.0M).

Long Term Liabilities: PIO's short term assets (A$6.1M) exceed its long term liabilities (A$257.9K).


Debt to Equity History and Analysis

Debt Level: PIO is debt free.

Reducing Debt: PIO had no debt 5 years ago.

Debt Coverage: PIO has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: PIO has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet


Next Steps

Dividend

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


Dividend Yield vs Market

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

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

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

0.4yrs

Average board tenure


CEO

Tim Spencer

0.42

Tenure

AU$299,544

Compensation

Mr. Timothy Gerard Spencer, also known as Tim, serves as Managing Director and Director at Pioneer Resources Limited since March 31, 2020. Mr. Spencer served as Company Secretary at Pioneer Resources Limit ...


CEO Compensation Analysis

Compensation vs Market: Tim's total compensation ($USD208.02K) is about average for companies of similar size in the Australian market ($USD259.62K).

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


Board Members

NamePositionTenureCompensationOwnership
Timothy Spencer
MD & Director0.42yrAU$299.54k0.24% A$39.6k
Craig McGown
Independent Non-Executive Chairman12yrsAU$156.32k0.83% A$137.2k
Paul Payne
Independent Non-Executive Director0.42yrno data0.13% A$22.1k

0.4yrs

Average Tenure

Experienced Board: PIO's board of directors are not considered experienced ( 0.4 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: PIO 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

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


Key Information

  • Name: Pioneer Resources Limited
  • Ticker: PIO
  • Exchange: ASX
  • Founded: 2003
  • Industry: Diversified Metals and Mining
  • Sector: Materials
  • Market Cap: AU$16.596m
  • Shares outstanding: 1.51b
  • Website: https://www.pioresources.com.au

Number of Employees


Location

  • Pioneer Resources Limited
  • 72 Kings Park Road
  • Ground floor
  • West Perth
  • Western Australia
  • 6005
  • Australia

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
PIOASX (Australian Securities Exchange)YesOrdinary SharesAUAUDDec 2003
PIOCHIA (Chi-X Australia)YesOrdinary SharesAUAUDDec 2003
PNLDB (Deutsche Boerse AG)YesOrdinary SharesDEEURDec 2003
PION.FOTCPK (Pink Sheets LLC)YesOrdinary SharesUSUSDDec 2003

Biography

Pioneer Resources Limited explores for and develops mineral properties in Australia and Canada. The company primarily explores for lithium, cesium, gold, cobalt, and nickel deposits. It holds interest in the Pioneer Dome Lithium-Caesium-Tantalum Project, Donelly Lithium Project, Phillips River Lithium Project, Bogardi Lithium Clay Project, Acra Project, Kangan Project, and Golden Ridge Project, Fairwater Nickel Project in Western Australia, as well as holds interest in Mavis Lake Project in Ontario, Canada. The company was incorporated in 2003 and is based in West Perth, Australia. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/06/04 10:38
End of Day Share Price2020/06/04 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.