ASX:PRU

Stock Analysis Report

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Executive Summary

Perseus Mining Limited explores, evaluates, develops, and mines for gold properties in West Africa. More Details


Snowflake Analysis

Exceptional growth potential and undervalued.


Similar Companies

Share Price & News

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


Latest Share Price and Events

Stable Share Price: PRU is not significantly more volatile than the rest of Australian stocks over the past 3 months, typically moving +/- 7% a week.

Volatility Over Time: PRU's weekly volatility (7%) has been stable over the past year.


Market Performance


7 Day Return

-9.5%

PRU

1.2%

AU Metals and Mining

1.3%

AU Market


1 Year Return

27.9%

PRU

13.0%

AU Metals and Mining

-1.0%

AU Market

Return vs Industry: PRU exceeded the Australian Metals and Mining industry which returned 11.5% over the past year.

Return vs Market: PRU exceeded the Australian Market which returned -1.2% over the past year.


Shareholder returns

PRUIndustryMarket
7 Day-9.5%1.2%1.3%
30 Day-13.4%2.1%6.0%
90 Day-19.7%-0.8%6.8%
1 Year27.9%27.9%19.1%13.0%2.4%-1.0%
3 Year238.5%238.5%53.6%32.3%22.9%7.6%
5 Year242.0%238.5%196.1%138.8%55.7%24.6%

Long-Term Price Volatility Vs. Market

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


Simply Wall St News

Valuation

Is Perseus Mining 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: PRU (A$1.19) is trading below our estimate of fair value (A$10.7)

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


Price To Earnings Ratio

PE vs Industry: PRU is poor value based on its PE Ratio (14.7x) compared to the AU Metals and Mining industry average (11.3x).

PE vs Market: PRU is good value based on its PE Ratio (14.7x) compared to the Australian market (22.4x).


Price to Earnings Growth Ratio

PEG Ratio: PRU is good value based on its PEG Ratio (0.3x)


Price to Book Ratio

PB vs Industry: PRU is good value based on its PB Ratio (1.6x) compared to the AU Metals and Mining industry average (2.5x).


Next Steps

Future Growth

How is Perseus Mining forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?

49.3%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: PRU's forecast earnings growth (49.3% per year) is above the savings rate (2.3%).

Earnings vs Market: PRU's earnings (49.3% per year) are forecast to grow faster than the Australian market (17.9% per year).

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

Revenue vs Market: PRU's revenue (28.6% per year) is forecast to grow faster than the Australian market (5.1% per year).

High Growth Revenue: PRU's revenue (28.6% per year) is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: PRU's Return on Equity is forecast to be high in 3 years time (27%)


Next Steps

Past Performance

How has Perseus Mining performed over the past 5 years?

7.8%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: PRU has high quality earnings.

Growing Profit Margin: PRU's current net profit margins (16%) are higher than last year (1.4%).


Past Earnings Growth Analysis

Earnings Trend: PRU has become profitable over the past 5 years, growing earnings by 7.8% per year.

Accelerating Growth: PRU's earnings growth over the past year (1229.7%) exceeds its 5-year average (7.8% per year).

Earnings vs Industry: PRU earnings growth over the past year (1229.7%) exceeded the Metals and Mining industry 38%.


Return on Equity

High ROE: PRU's Return on Equity (10.8%) is considered low.


Next Steps

Financial Health

How is Perseus Mining's financial position?


Financial Position Analysis

Short Term Liabilities: PRU's short term assets (A$362.7M) exceed its short term liabilities (A$109.8M).

Long Term Liabilities: PRU's short term assets (A$362.7M) exceed its long term liabilities (A$310.4M).


Debt to Equity History and Analysis

Debt Level: PRU's debt to equity ratio (24.9%) is considered satisfactory.

Reducing Debt: Insufficient data to determine if PRU's debt to equity ratio has reduced over the past 5 years.

Debt Coverage: PRU's debt is well covered by operating cash flow (97.8%).

Interest Coverage: PRU's interest payments on its debt are well covered by EBIT (27.7x coverage).


Balance Sheet


Next Steps

Dividend

What is Perseus Mining current dividend yield, its reliability and sustainability?

1.06%

Forecast Dividend Yield


Dividend Yield vs Market

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

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

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

5.2yrs

Average management tenure


CEO

Jeff Quartermaine (63 yo)

7.75yrs

Tenure

AU$1,975,098

Compensation

Mr. Jeffrey Allan Quartermaine, also known as Jeff, BE (Civil), MBA, FCPA has been the Chief Executive Officer of Perseus Mining limited since February 1, 2013 and has been its Managing Director since Janu...


CEO Compensation Analysis

Compensation vs Market: Jeff's total compensation ($USD1.44M) is above average for companies of similar size in the Australian market ($USD950.22K).

Compensation vs Earnings: Jeff's compensation has increased by more than 20% in the past year.


Leadership Team

NamePositionTenureCompensationOwnership
Jeffrey Quartermaine
MD, CEO & Director7.75yrsAU$1.98m0.19%
A$ 2.4m
Christopher Woodall
Chief Operating Officer4.17yrsAU$1.05m0.013%
A$ 158.6k
Martijn Bosboom
General Counsel & Company Secretary7.33yrsAU$720.31kno data
Douglas Jones
Group General Manager of Exploration & Geology4.58yrsAU$681.57k0%
A$ 0
Matthew Scully
Group General Manager of Project Development3.92yrsAU$707.44kno data
Lee-Anne de Bruin
Chief Financial Officerno datano datano data
Paul Thompson
Group General Manager of Technical Services5.83yrsAU$436.79kno data
Andrew Grove
General Manager of Business Development & Investor Relationsno datano datano data
Michael Beck
Group Human Resources Managerno datano datano data

5.2yrs

Average Tenure

63yo

Average Age

Experienced Management: PRU's management team is seasoned and experienced (5.2 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Jeffrey Quartermaine
MD, CEO & Director7.75yrsAU$1.98m0.19%
A$ 2.4m
David Ransom
Non-Executive Director1yrAU$65.33k0.0076%
A$ 92.8k
Terence Harvey
Independent Non-Executive Chairman3.58yrsAU$185.30k0.13%
A$ 1.5m
Daniel Lougher
Non-Executive Director1.5yrsAU$102.03k0.00077%
A$ 9.5k
John McGloin
Independent Non-Executive Director4.58yrsAU$113.90k0.062%
A$ 763.3k

3.6yrs

Average Tenure

60.5yo

Average Age

Experienced Board: PRU's board of directors are considered experienced (3.6 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

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


Key Information

  • Name: Perseus Mining Limited
  • Ticker: PRU
  • Exchange: ASX
  • Founded: 2003
  • Industry: Gold
  • Sector: Materials
  • Market Cap: AU$1.230b
  • Shares outstanding: 1.03b
  • Website: https://www.perseusmining.com

Number of Employees


Location

  • Perseus Mining Limited
  • 437 Roberts Road
  • Level 2
  • Subiaco
  • Western Australia
  • 6008
  • Australia

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
PRUASX (Australian Securities Exchange)YesOrdinary SharesAUAUDSep 2004
P4QDB (Deutsche Boerse AG)YesOrdinary SharesDEEURSep 2004
PMNX.FOTCPK (Pink Sheets LLC)YesOrdinary SharesUSUSDSep 2004
PRUTSX (The Toronto Stock Exchange)YesOrdinary SharesCACADSep 2004
PRUCHIA (Chi-X Australia)YesOrdinary SharesAUAUDSep 2004
0TXWLSE (London Stock Exchange)YesOrdinary SharesGBAUDSep 2004

Biography

Perseus Mining Limited explores, evaluates, develops, and mines for gold properties in West Africa. It holds interests in the Edikan gold mine and Grumesa project located in Ghana; and Sissingué and Yaoure...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/11/24 10:34
End of Day Share Price2020/11/24 00:00
Earnings2020/06/30
Annual Earnings2020/06/30


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.