ASX:SAR

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Saracen Mineral Holdings

Executive Summary

Saracen Mineral Holdings Limited, a gold mining company, explores for and develops mineral properties in Australia. More Details


Snowflake Analysis

Solid track record with reasonable growth potential.


Similar Companies

Share Price & News

How has Saracen Mineral Holdings's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: SAR has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

1.0%

SAR

1.0%

AU Metals and Mining

0.3%

AU Market


1 Year Return

61.7%

SAR

15.6%

AU Metals and Mining

-5.4%

AU Market

Return vs Industry: SAR exceeded the Australian Metals and Mining industry which returned 15.6% over the past year.

Return vs Market: SAR exceeded the Australian Market which returned -5.4% over the past year.


Shareholder returns

SARIndustryMarket
7 Day1.0%1.0%0.3%
30 Day20.6%0.2%6.3%
90 Day-1.3%0.2%3.7%
1 Year64.9%61.7%21.0%15.6%-2.1%-5.4%
3 Year316.1%308.1%60.1%38.3%18.3%3.3%
5 Year933.2%913.3%136.1%91.3%43.1%14.0%

Price Volatility Vs. Market

How volatile is Saracen Mineral Holdings's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Saracen Mineral Holdings undervalued compared to its fair value and its price relative to the market?

36.6%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: SAR (A$6.08) is trading below our estimate of fair value (A$9.6)

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


Price To Earnings Ratio

PE vs Industry: SAR is poor value based on its PE Ratio (31.8x) compared to the AU Metals and Mining industry average (11.6x).

PE vs Market: SAR is poor value based on its PE Ratio (31.8x) compared to the Australian market (21x).


Price to Earnings Growth Ratio

PEG Ratio: SAR is poor value based on its PEG Ratio (1.5x)


Price to Book Ratio

PB vs Industry: SAR is overvalued based on its PB Ratio (4.3x) compared to the AU Metals and Mining industry average (2.7x).


Next Steps

Future Growth

How is Saracen Mineral Holdings forecast to perform in the next 1 to 3 years based on estimates from 11 analysts?

21.2%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: SAR's forecast earnings growth (21.2% per year) is above the savings rate (2.3%).

Earnings vs Market: SAR's earnings (21.2% per year) are forecast to grow faster than the Australian market (17.4% per year).

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

Revenue vs Market: SAR's revenue (11.3% per year) is forecast to grow faster than the Australian market (4.6% per year).

High Growth Revenue: SAR's revenue (11.3% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: SAR's Return on Equity is forecast to be low in 3 years time (17.4%).


Next Steps

Past Performance

How has Saracen Mineral Holdings performed over the past 5 years?

45.1%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: SAR has high quality earnings.

Growing Profit Margin: SAR's current net profit margins (17.7%) are higher than last year (16.7%).


Past Earnings Growth Analysis

Earnings Trend: SAR's earnings have grown significantly by 45.1% per year over the past 5 years.

Accelerating Growth: SAR's earnings growth over the past year (104.7%) exceeds its 5-year average (45.1% per year).

Earnings vs Industry: SAR earnings growth over the past year (104.7%) exceeded the Metals and Mining industry 22.2%.


Return on Equity

High ROE: SAR's Return on Equity (12.2%) is considered low.


Next Steps

Financial Health

How is Saracen Mineral Holdings's financial position?


Financial Position Analysis

Short Term Liabilities: SAR's short term assets (A$606.2M) exceed its short term liabilities (A$291.1M).

Long Term Liabilities: SAR's short term assets (A$606.2M) do not cover its long term liabilities (A$675.2M).


Debt to Equity History and Analysis

Debt Level: SAR's debt to equity ratio (20.3%) is considered satisfactory.

Reducing Debt: SAR's debt to equity ratio has increased from 0.01% to 20.3% over the past 5 years.

Debt Coverage: SAR's debt is well covered by operating cash flow (151.1%).

Interest Coverage: SAR's interest payments on its debt are well covered by EBIT (45.3x coverage).


Balance Sheet


Next Steps

Dividend

What is Saracen Mineral Holdings's current dividend yield, its reliability and sustainability?

1.55%

Forecast Dividend Yield


Dividend Yield vs Market

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

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

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

5.6yrs

Average management tenure


CEO

Raleigh Finlayson (41 yo)

7.5yrs

Tenure

AU$2,537,780

Compensation

Mr. Raleigh John Finlayson has been Managing Director of Saracen Mineral Holdings Limited since April 2, 2013 and serves as an Executive Director. Mr. Finlayson is a Member of the Australasian Institute of ...


CEO Compensation Analysis

Compensation vs Market: Raleigh's total compensation ($USD1.81M) is below average for companies of similar size in the Australian market ($USD2.61M).

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


Leadership Team

NamePositionTenureCompensationOwnership
Raleigh Finlayson
MD & Executive Director7.5yrsAU$2.54m0.29%
A$ 19.8m
Morgan Ball
Chief Financial Officer3.83yrsAU$1.87m0.0079%
A$ 532.9k
Simon Jessop
Chief Operating Officer2.83yrsAU$1.88m0.00079%
A$ 53.3k
Jeremy Ryan
Manager of Legal & Company Secretary8.58yrsno datano data
Marianne Dravnieks
General Manager of People2.58yrsAU$1.33mno data
William Irvin
Chief Corporate Development Officer5.58yrsAU$870.86kno data
Daniel Howe
Chief Geologist7.17yrsAU$627.44kno data
Lynn Widenbar
Consultantno datano datano data

5.6yrs

Average Tenure

Experienced Management: SAR's management team is seasoned and experienced (5.6 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Raleigh Finlayson
MD & Executive Director7.5yrsAU$2.54m0.29%
A$ 19.8m
Anthony Kiernan
Independent Non-Executive Chairman2.08yrsAU$190.00k0.0062%
A$ 420.2k
Martin Reed
Non-Executive Director8.17yrsAU$140.00k0.0039%
A$ 263.1k
Roric Smith
Independent Non-Executive Director3.25yrsAU$140.00k0.0014%
A$ 91.7k
Samantha Tough
Independent Non-Executive Director7yrsAU$140.00k0.00029%
A$ 19.6k
John Richards
Independent Non-Executive Director1.42yrsAU$140.00k0.00019%
A$ 12.8k
Sally Langer
Independent Non-Executive Director0.42yrAU$23.33kno data

3.3yrs

Average Tenure

58yo

Average Age

Experienced Board: SAR's board of directors are considered experienced (3.3 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 been diluted in the past year, with total shares outstanding growing by 33%.


Top Shareholders

Company Information

Saracen Mineral Holdings Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Saracen Mineral Holdings Limited
  • Ticker: SAR
  • Exchange: ASX
  • Founded: 1987
  • Industry: Gold
  • Sector: Materials
  • Market Cap: AU$6.746b
  • Shares outstanding: 1.11b
  • Website: https://www.saracen.com.au

Number of Employees


Location

  • Saracen Mineral Holdings Limited
  • 40 The Esplanade
  • Level 11
  • Perth
  • Western Australia
  • 6000
  • Australia

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
SARASX (Australian Securities Exchange)YesOrdinary SharesAUAUDJan 1992
SIHDB (Deutsche Boerse AG)YesOrdinary SharesDEEURJan 1992
SCEX.FOTCPK (Pink Sheets LLC)YesOrdinary SharesUSUSDJan 1992
SARCHIA (Chi-X Australia)YesOrdinary SharesAUAUDJan 1992

Biography

Saracen Mineral Holdings Limited, a gold mining company, explores for and develops mineral properties in Australia. It explores for gold and nickel deposits. The company owns 100% interests in the Carosue ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/10/22 10:37
End of Day Share Price2020/10/22 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.