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PRU

Perseus Mining ASX:PRU Stock Report

Last Price

AU$1.66

Market Cap

AU$2.2b

7D

9.2%

1Y

11.8%

Updated

07 Oct, 2022

Data

Company Financials +
PRU fundamental analysis
Snowflake Score
Valuation5/6
Future Growth2/6
Past Performance5/6
Financial Health5/6
Dividends2/6

PRU Stock Overview

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

Perseus Mining Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Perseus Mining
Historical stock prices
Current Share PriceAU$1.66
52 Week HighAU$2.09
52 Week LowAU$1.34
Beta0.86
1 Month Change13.70%
3 Month Change4.40%
1 Year Change11.79%
3 Year Change121.33%
5 Year Change374.29%
Change since IPO906.06%

Recent News & Updates

Sep 10
A Look At The Intrinsic Value Of Perseus Mining Limited (ASX:PRU)

A Look At The Intrinsic Value Of Perseus Mining Limited (ASX:PRU)

Does the September share price for Perseus Mining Limited ( ASX:PRU ) reflect what it's really worth? Today, we will...

Shareholder Returns

PRUAU Metals and MiningAU Market
7D9.2%6.1%5.1%
1Y11.8%8.0%-7.8%

Return vs Industry: PRU exceeded the Australian Metals and Mining industry which returned 8% over the past year.

Return vs Market: PRU exceeded the Australian Market which returned -7.8% over the past year.

Price Volatility

Is PRU's price volatile compared to industry and market?
PRU volatility
PRU Average Weekly Movement6.7%
Metals and Mining Industry Average Movement11.3%
Market Average Movement9.3%
10% most volatile stocks in AU Market16.3%
10% least volatile stocks in AU Market4.2%

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.

About the Company

FoundedEmployeesCEOWebsite
2003n/aJeff Quartermainehttps://www.perseusmining.com

Perseus Mining Limited explores, evaluates, develops, and mines for gold properties in West Africa. The company primarily holds interests in the Edikan gold mine project located in Ghana; and Sissingué and Yaoure gold projects located in Côte d’Ivoire. Perseus Mining Limited was incorporated in 2003 and is based in Subiaco, Australia.

Perseus Mining Fundamentals Summary

How do Perseus Mining's earnings and revenue compare to its market cap?
PRU fundamental statistics
Market CapAU$2.24b
Earnings (TTM)AU$233.60m
Revenue (TTM)AU$1.13b

9.7x

P/E Ratio

2.0x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
PRU income statement (TTM)
RevenueAU$1.13b
Cost of RevenueAU$561.41m
Gross ProfitAU$564.14m
Other ExpensesAU$330.54m
EarningsAU$233.60m

Last Reported Earnings

Jun 30, 2022

Next Earnings Date

n/a

Earnings per share (EPS)0.17
Gross Margin50.12%
Net Profit Margin20.75%
Debt/Equity Ratio4.4%

How did PRU perform over the long term?

See historical performance and comparison

Dividends

2.0%

Current Dividend Yield

13%

Payout Ratio
We’ve recently updated our valuation analysis.

Valuation

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

Valuation Score

5/6

Valuation Score 5/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings 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 PRU?

Other financial metrics that can be useful for relative valuation.

PRU 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/Revenue1.8x
Enterprise Value/EBITDA3.9x
PEG Ratio1.4x

Price to Earnings Ratio vs Peers

How does PRU's PE Ratio compare to its peers?

PRU PE Ratio vs Peers
The above table shows the PE ratio for PRU vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average36.8x
GOR Gold Road Resources
26x12.5%AU$1.5b
SLR Silver Lake Resources
15.3x24.5%AU$1.2b
RRL Regis Resources
94.6x18.8%AU$1.3b
EVN Evolution Mining
11.9x16.1%AU$3.9b
PRU Perseus Mining
9.7x6.7%AU$2.2b

Price-To-Earnings vs Peers: PRU is good value based on its Price-To-Earnings Ratio (9.7x) compared to the peer average (36.8x).


Price to Earnings Ratio vs Industry

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

Price-To-Earnings vs Industry: PRU is expensive based on its Price-To-Earnings Ratio (9.7x) compared to the Australian Metals and Mining industry average (9.4x)


Price to Earnings Ratio vs Fair Ratio

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

PRU PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio9.7x
Fair PE Ratio16.3x

Price-To-Earnings vs Fair Ratio: PRU is good value based on its Price-To-Earnings Ratio (9.7x) compared to the estimated Fair Price-To-Earnings Ratio (16.3x).


Share Price vs Fair Value

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

Below Fair Value: PRU (A$1.66) is trading below our estimate of fair value (A$6.68)

Significantly Below Fair Value: PRU 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 and analysts are within a statistically confident range of agreement.


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Future Growth

How is Perseus Mining forecast to perform in the next 1 to 3 years based on estimates from 5 analysts?

Future Growth Score

2/6

Future Growth Score 2/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


6.7%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: PRU's forecast earnings growth (6.7% per year) is above the savings rate (1.8%).

Earnings vs Market: PRU's earnings (6.7% per year) are forecast to grow faster than the Australian market (6.6% per year).

High Growth Earnings: PRU's earnings are forecast to grow, but not significantly.

Revenue vs Market: PRU's revenue (2.2% per year) is forecast to grow slower than the Australian market (3.7% per year).

High Growth Revenue: PRU's revenue (2.2% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: PRU's Return on Equity is forecast to be low in 3 years time (12.9%).


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Past Performance

How has Perseus Mining performed over the past 5 years?

Past Performance Score

5/6

Past Performance Score 5/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


72.9%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: PRU has high quality earnings.

Growing Profit Margin: PRU's current net profit margins (20.8%) are higher than last year (17.1%).


Past Earnings Growth Analysis

Earnings Trend: PRU has become profitable over the past 5 years, growing earnings by 72.9% per year.

Accelerating Growth: PRU's earnings growth over the past year (101%) exceeds its 5-year average (72.9% per year).

Earnings vs Industry: PRU earnings growth over the past year (101%) exceeded the Metals and Mining industry 33.8%.


Return on Equity

High ROE: PRU's Return on Equity (17%) is considered low.


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Financial Health

How is Perseus Mining's financial position?

Financial Health Score

5/6

Financial Health Score 5/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: PRU's short term assets (A$618.8M) exceed its short term liabilities (A$168.1M).

Long Term Liabilities: PRU's short term assets (A$618.8M) exceed its long term liabilities (A$178.5M).


Debt to Equity History and Analysis

Debt Level: PRU has more cash than its total debt.

Reducing Debt: PRU's debt to equity ratio has increased from 2.8% to 4.4% over the past 5 years.

Debt Coverage: PRU's debt is well covered by operating cash flow (720.9%).

Interest Coverage: PRU's interest payments on its debt are well covered by EBIT (29.9x coverage).


Balance Sheet


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Dividend

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

Dividend Score

2/6

Dividend Score 2/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage


1.98%

Current Dividend Yield

Dividend Yield vs Market

Perseus Mining Dividend Yield vs Market
How does Perseus Mining dividend yield compare to the market?
SegmentDividend Yield
Company (Perseus Mining)2.0%
Market Bottom 25% (AU)2.7%
Market Top 25% (AU)6.9%
Industry Average (Metals and Mining)9.7%
Analyst forecast in 3 Years (Perseus Mining)1.5%

Notable Dividend: PRU's dividend (1.98%) isn’t notable compared to the bottom 25% of dividend payers in the Australian market (2.73%).

High Dividend: PRU's dividend (1.98%) is low compared to the top 25% of dividend payers in the Australian market (6.85%).


Stability and Growth of Payments

Stable Dividend: Too early to tell whether PRU's dividend payments have been stable as they only just started paying a dividend.

Growing Dividend: Too early to tell if PRU's dividend payments are increasing as they only just started paying a dividend.


Earnings Payout to Shareholders

Earnings Coverage: With its low payout ratio (13.1%), PRU's dividend payments are thoroughly covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: With its low cash payout ratio (11.7%), PRU's dividend payments are thoroughly covered by cash flows.


Discover strong dividend paying companies

Management

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

7.7yrs

Average management tenure


CEO

Jeff Quartermaine (65 yo)

9.67yrs

Tenure

AU$1,993,212

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

Jeff Quartermaine's Compensation vs Perseus Mining Earnings
How has Jeff Quartermaine's remuneration changed compared to Perseus Mining's earnings?
DateTotal Comp.SalaryCompany Earnings
Jun 30 2022AU$2mAU$721k

AU$234m

Mar 31 2022n/an/a

AU$213m

Dec 31 2021n/an/a

AU$192m

Sep 30 2021n/an/a

AU$154m

Jun 30 2021AU$2mAU$719k

AU$116m

Mar 31 2021n/an/a

AU$108m

Dec 31 2020n/an/a

AU$101m

Sep 30 2020n/an/a

AU$98m

Jun 30 2020AU$2mAU$716k

AU$94m

Mar 31 2020n/an/a

AU$60m

Dec 31 2019n/an/a

AU$26m

Sep 30 2019n/an/a

AU$17m

Jun 30 2019AU$1mAU$716k

AU$7m

Mar 31 2019n/an/a

AU$3m

Dec 31 2018n/an/a

-AU$1m

Sep 30 2018n/an/a

-AU$13m

Jun 30 2018AU$1mAU$716k

-AU$26m

Mar 31 2018n/an/a

-AU$49m

Dec 31 2017n/an/a

-AU$72m

Sep 30 2017n/an/a

-AU$76m

Jun 30 2017AU$1mAU$706k

-AU$80m

Mar 31 2017n/an/a

-AU$81m

Dec 31 2016n/an/a

-AU$70m

Sep 30 2016n/an/a

-AU$82m

Jun 30 2016AU$1mAU$706k

-AU$36m

Compensation vs Market: Jeff's total compensation ($USD1.28M) is about average for companies of similar size in the Australian market ($USD1.66M).

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


Leadership Team

Experienced Management: PRU's management team is seasoned and experienced (7.7 years average tenure).


Board Members

Experienced Board: PRU's board of directors are considered experienced (3.4 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: PRU insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

ASX:PRU Recent Insider Transactions by Companies or Individuals
DateValueNameEntityRoleSharesMax Price
19 Sep 22SellAU$140,282Macquarie Capital Investment Management LLCCompany98,790AU$1.42
19 Sep 22SellAU$0Macquarie Group, Ltd., Banking & Securities InvestmentsCompany92,926AU$1.42
16 Sep 22BuyAU$51,450Amber BanfieldIndividual35,000AU$1.47
16 Sep 22BuyAU$6,886Macquarie Investment Management LimitedCompany3,559,016AU$1.90
16 Sep 22BuyAU$0Macquarie Capital Investment Management LLCCompany1,885,574AU$1.95
16 Sep 22SellAU$0Macquarie Group, Ltd., Banking & Securities InvestmentsCompany3,823,848AU$1.96
16 Sep 22SellAU$18,735Macquarie Capital Investment Management LLCCompany11,494AU$1.63
15 Sep 22BuyAU$7,500Macquarie Group, Ltd., Banking & Securities InvestmentsCompany10,462,794AU$1.96
13 Sep 22SellAU$0Macquarie Investment Management LimitedCompany303,902AU$1.92
02 Sep 22BuyAU$16,920Daniel LougherIndividual12,000AU$1.41
26 Jul 22BuyAU$70,878,305Van Eck Associates CorporationCompany38,329,340AU$1.91
25 Jul 22SellAU$8,108,929Van Eck Associates CorporationCompany4,487,951AU$1.93
30 Jun 22BuyAU$16,200Daniel LougherIndividual10,000AU$1.62
03 May 22SellAU$525,000Terence HarveyIndividual300,000AU$1.75
29 Apr 22BuyAU$5,721,722T. Rowe Price Group, Inc.Company2,882,479AU$1.99
06 Apr 22SellAU$39,168,702T. Rowe Price Group, Inc.Company19,892,101AU$1.97
31 Mar 22BuyAU$14,187,659T. Rowe Price Group, Inc.Company7,099,072AU$2.00
10 Mar 22SellAU$428,191Elissa CorneliusIndividual223,016AU$1.92
05 Nov 21BuyAU$30,456,785The Vanguard Group, Inc.Company17,707,434AU$1.72
02 Nov 21SellAU$6,543,082The Vanguard Group, Inc.Company3,816,835AU$1.71
22 Oct 21BuyAU$16,916,794T. Rowe Price Group, Inc.Company11,587,581AU$1.54

Ownership Breakdown

What is the ownership structure of PRU?
Owner TypeNumber of SharesOwnership Percentage
Private Companies1,750,0000.1%
Individual Insiders8,156,6670.6%
General Public441,900,93732.4%
Institutions913,382,59866.9%

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 11.3%.


Top Shareholders

Top 25 shareholders own 62.93% of the company
OwnershipNameSharesCurrent ValueChange %Portfolio %
21.98%
Van Eck Associates Corporation
300,012,002A$498.0m107%0.63%
4.55%
T. Rowe Price Group, Inc.
62,146,373A$103.2m-16.51%0.01%
4.49%
Dimensional Fund Advisors LP
61,233,477A$101.6m0%0.02%
4.2%
The Vanguard Group, Inc.
57,274,628A$95.1m0%no data
3.56%
Ruffer LLP
48,661,163A$80.8m0%0.53%
2.82%
Macquarie Capital Investment Management LLC
38,553,504A$64.0m0%0.74%
2.28%
Ninety One UK Limited
31,073,022A$51.6m0%0.05%
2.27%
BlackRock, Inc.
31,014,776A$51.5m0.49%no data
2.1%
The Canadian Depository for Securities Limited, Asset Management Arm
28,631,271A$47.5m0%100%
2.05%
BNP Paribas Arbitrage Sa, Asset Management Arm
28,029,978A$46.5m0%0.07%
1.62%
Sprott Asset Management LP
22,081,800A$36.7m0%1.13%
1.39%
Macquarie Group, Ltd., Banking & Securities Investments
18,972,551A$31.5m0%0.98%
1.27%
Fidelity International Ltd
17,289,764A$28.7m0%0.01%
1.22%
Konwave AG
16,648,358A$27.6m40.28%2.03%
1.02%
Invesco Ltd.
13,948,071A$23.2m1.23%no data
0.81%
ASA Gold and Precious Metals Limited
11,000,000A$18.3m0%3.99%
0.8%
GAMCO Investors, Inc.
10,960,371A$18.2m23.57%0.05%
0.8%
American Century Investment Management Inc
10,883,619A$18.1m5.64%0.01%
0.76%
Macquarie Investment Management Limited
10,414,408A$17.3m2314.8%0.45%
0.71%
KONTOR STÖWER Asset Management GmbH
9,700,000A$16.1m0%3.68%
0.71%
LLB Swiss Investment AG
9,700,000A$16.1m0%2.57%
0.45%
ALPS Advisors, Inc.
6,125,388A$10.2m15.36%0.05%
0.42%
State Street Global Advisors, Inc.
5,776,333A$9.6m1.98%no data
0.35%
Teachers Insurance and Annuity Association-College Retirement Equities Fund
4,729,103A$7.9m0.59%no data
0.32%
Victory Capital Management Inc.
4,308,434A$7.2m-8.74%0.01%

Company Information

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


Key Information

  • Name: Perseus Mining Limited
  • Ticker: PRU
  • Exchange: ASX
  • Founded: 2003
  • Industry: Gold
  • Sector: Materials
  • Implied Market Cap: AU$2.239b
  • Shares outstanding: 1.37b
  • Website: https://www.perseusmining.com

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

Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/10/07 00:00
End of Day Share Price2022/10/07 00:00
Earnings2022/06/30
Annual Earnings2022/06/30


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.