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St Barbara

ASX:SBM
Snowflake Description

Flawless balance sheet with proven track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
SBM
ASX
A$2B
Market Cap
  1. Home
  2. AU
  3. Materials
Company description

St Barbara Limited, together with its subsidiaries, engages in the exploration, development, mining, and sale of gold. The last earnings update was 4 days ago. More info.


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SBM Share Price and Events
7 Day Returns
-7.3%
ASX:SBM
2.7%
AU Metals and Mining
1.5%
AU Market
1 Year Returns
14.4%
ASX:SBM
13.4%
AU Metals and Mining
2.2%
AU Market
SBM Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
St Barbara (SBM) -7.3% 5.1% 12.7% 14.4% 148.7% 1242.9%
AU Metals and Mining 2.7% 15.6% 19.4% 13.4% 122.6% 14.6%
AU Market 1.5% 6.5% 8.4% 2.2% 30% 6.3%
1 Year Return vs Industry and Market
  • SBM outperformed the Metals and Mining industry which returned 13.4% over the past year.
  • SBM outperformed the Market in Australia which returned 2.2% over the past year.
Price Volatility
SBM
Industry
5yr Volatility vs Market

SBM Value

 Is St Barbara undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of St Barbara to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data    Our calculation method for this is changing soon.

Below are the data sources, inputs and calculation used to determine the intrinsic value for St Barbara.

ASX:SBM Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 7 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 8.9%
Perpetual Growth Rate 10-Year AU Government Bond Rate 2.3%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for ASX:SBM
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year AU Govt Bond Rate 2.3%
Equity Risk Premium S&P Global 7.7%
Metals and Mining Unlevered Beta Simply Wall St/ S&P Global 0.85
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.853 (1 + (1- 30%) (0%))
0.853
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.85
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.31% + (0.853 * 7.69%)
8.87%

Discounted Cash Flow Calculation for ASX:SBM using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for St Barbara is arrived at by discounting future cash flows to their present value using the 2 stage method. We use analyst's estimates of cash flows going forward 5 years for the 1st stage, the 2nd stage assumes the company grows at a stable rate into perpetuity.

ASX:SBM DCF 1st Stage: Next 5 year cash flow forecast
2019 2020 2021 2022 2023
Levered FCF (AUD, Millions) 108.97 142.50 162.50 267.00 241.00
Source Analyst x3 Analyst x2 Analyst x2 Analyst x1 Analyst x1
Present Value
Discounted (@ 8.87%)
100.10 120.23 125.94 190.08 157.60
Present value of next 5 years cash flows A$693.96
ASX:SBM DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2023 × (1 + g) ÷ (Discount Rate – g)
= A$241.00 × (1 + 2.31%) ÷ (8.87% – 2.31%)
A$3,762.06
Present Value of Terminal Value = Terminal Value ÷ (1 + r)5
= A$3,762.06 ÷ (1 + 8.87%)5
A$2,460.15
ASX:SBM Total Equity Value
Calculation Result
Total Equity Value = Present value of next 5 years cash flows + Terminal Value
= A$693.96 + A$2,460.15
A$3,154.10
Equity Value per Share
(AUD)
= Total value / Shares Outstanding
= A$3,154.10 / 524.29
A$6.02
ASX:SBM Discount to Share Price
Calculation Result
Value per share (AUD) From above. A$6.02
Current discount Discount to share price of A$4.70
= -1 x (A$4.70 - A$6.02) / A$6.02
21.9%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price St Barbara is available for.
Intrinsic value
22%
Share price is A$4.7 vs Future cash flow value of A$6.02
Current Discount Checks
For St Barbara to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • St Barbara's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • St Barbara's share price is below the future cash flow value, but not at a substantial discount (< 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for St Barbara's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are St Barbara's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
ASX:SBM PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in AUD A$0.39
ASX:SBM Share Price ** ASX (2019-02-22) in AUD A$4.7
Australia Metals and Mining Industry PE Ratio Median Figure of 79 Publicly-Listed Metals and Mining Companies 11.96x
Australia Market PE Ratio Median Figure of 560 Publicly-Listed Companies 15.69x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of St Barbara.

ASX:SBM PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= ASX:SBM Share Price ÷ EPS (both in AUD)

= 4.7 ÷ 0.39

11.96x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • St Barbara is good value based on earnings compared to the AU Metals and Mining industry average.
  • St Barbara is good value based on earnings compared to the Australia market.
Price based on expected Growth
Does St Barbara's expected growth come at a high price?
Raw Data
ASX:SBM PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 11.96x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 7 Analysts
0.8%per year
Australia Metals and Mining Industry PEG Ratio Median Figure of 42 Publicly-Listed Metals and Mining Companies 0.84x
Australia Market PEG Ratio Median Figure of 364 Publicly-Listed Companies 1.46x

*Line of best fit is calculated by linear regression .

ASX:SBM PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 11.96x ÷ 0.8%

14.79x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • St Barbara is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on St Barbara's assets?
Raw Data
ASX:SBM PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in AUD A$1.39
ASX:SBM Share Price * ASX (2019-02-22) in AUD A$4.7
Australia Metals and Mining Industry PB Ratio Median Figure of 580 Publicly-Listed Metals and Mining Companies 1.51x
Australia Market PB Ratio Median Figure of 1,665 Publicly-Listed Companies 1.64x
ASX:SBM PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= ASX:SBM Share Price ÷ Book Value per Share (both in AUD)

= 4.7 ÷ 1.39

3.38x

* Primary Listing of St Barbara.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • St Barbara is overvalued based on assets compared to the AU Metals and Mining industry average.
X
Value checks
We assess St Barbara's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Metals and Mining industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Metals and Mining industry average (and greater than 0)? (1 check)
  5. St Barbara has a total score of 3/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

SBM Future Performance

 How is St Barbara expected to perform in the next 1 to 3 years based on estimates from 7 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
0.8%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is St Barbara expected to grow at an attractive rate?
  • St Barbara's earnings growth is positive but not above the low risk savings rate of 2.3%.
Growth vs Market Checks
  • St Barbara's earnings growth is positive but not above the Australia market average.
  • St Barbara's revenues are expected to decrease over the next 1-3 years, this is below the Australia market average.
Annual Growth Rates Comparison
Raw Data
ASX:SBM Future Growth Rates Data Sources
Data Point Source Value (per year)
ASX:SBM Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 7 Analysts 0.8%
ASX:SBM Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 7 Analysts -2.2%
Australia Metals and Mining Industry Earnings Growth Rate Market Cap Weighted Average -2.5%
Australia Metals and Mining Industry Revenue Growth Rate Market Cap Weighted Average -0.6%
Australia Market Earnings Growth Rate Market Cap Weighted Average 4.9%
Australia Market Revenue Growth Rate Market Cap Weighted Average 2.5%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
ASX:SBM Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 7 Analyst Estimates (S&P Global) See Below
All numbers in AUD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
ASX:SBM Future Estimates Data
Date (Data in AUD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-06-30 570 313 170 1
2022-06-30 625 350 220 2
2021-06-30 668 278 161 7
2020-06-30 669 258 154 7
2019-06-30 668 253 166 7
ASX:SBM Past Financials Data
Date (Data in AUD Millions) Revenue Cash Flow Net Income *
2018-12-31 682 282 204
2018-09-30 680 299 215
2018-06-30 679 316 227
2018-03-31 665 304 204
2017-12-31 652 292 181
2017-09-30 647 298 169
2017-06-30 642 303 158
2017-03-31 630 281 166
2016-12-31 618 259 174
2016-09-30 614 251 172
2016-06-30 610 243 169

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • St Barbara's earnings are expected to grow by 0.8% yearly, however this is not considered high growth (20% yearly).
  • St Barbara's revenue is expected to decrease over the next 1-3 years, this is not considered high growth.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
ASX:SBM Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 7 Analyst Estimates (S&P Global) See Below

All data from St Barbara Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

ASX:SBM Future Estimates Data
Date (Data in AUD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-06-30 0.32 0.32 0.32 1.00
2022-06-30 0.42 0.42 0.42 1.00
2021-06-30 0.31 0.42 0.22 5.00
2020-06-30 0.29 0.40 0.19 5.00
2019-06-30 0.31 0.33 0.27 4.00
ASX:SBM Past Financials Data
Date (Data in AUD Millions) EPS *
2018-12-31 0.39
2018-09-30 0.42
2018-06-30 0.44
2018-03-31 0.40
2017-12-31 0.36
2017-09-30 0.34
2017-06-30 0.32
2017-03-31 0.33
2016-12-31 0.35
2016-09-30 0.35
2016-06-30 0.34

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • St Barbara is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess St Barbara's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Australia market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Australia market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
St Barbara has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

SBM Past Performance

  How has St Barbara performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare St Barbara's growth in the last year to its industry (Metals and Mining).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • St Barbara has delivered over 20% year on year earnings growth in the past 5 years.
  • St Barbara's 1-year earnings growth is less than its 5-year average (12.6% vs 58.1%)
  • St Barbara's earnings growth has not exceeded the AU Metals and Mining industry average in the past year (12.6% vs 12.6%).
Earnings and Revenue History
St Barbara's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from St Barbara Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

ASX:SBM Past Revenue, Cash Flow and Net Income Data
Date (Data in AUD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 681.53 203.72 39.20
2018-09-30 680.37 215.36 37.91
2018-06-30 679.20 227.00 36.63
2018-03-31 665.41 203.93 35.01
2017-12-31 651.61 180.87 33.40
2017-09-30 646.66 169.22 33.54
2017-06-30 641.70 157.57 33.67
2017-03-31 630.02 166.03 31.53
2016-12-31 618.34 174.49 29.39
2016-09-30 614.23 171.94 28.14
2016-06-30 610.12 169.39 26.90
2015-12-31 623.47 106.39 23.92
2015-09-30 585.84 63.77 26.02
2015-06-30 548.21 21.15 28.11
2014-12-31 471.08 -219.21 38.43
2014-09-30 466.93 -236.05 38.88
2014-06-30 462.77 -252.90 39.33
2013-12-31 510.31 -247.47 44.10
2013-09-30 511.07 -223.26 42.25
2013-06-30 511.84 -199.05 40.40
2012-12-31 437.26 94.93 31.33
2012-09-30 410.83 112.76 30.65
2012-06-30 384.40 130.59 29.98
2012-03-31 415.97 98.03 29.65

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • St Barbara has efficiently used shareholders’ funds last year (Return on Equity greater than 20%).
  • St Barbara used its assets more efficiently than the AU Metals and Mining industry average last year based on Return on Assets.
  • St Barbara has improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess St Barbara's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Metals and Mining industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
St Barbara has a total score of 4/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

SBM Health

 How is St Barbara's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up St Barbara's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • St Barbara is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • St Barbara's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of St Barbara's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 89080.4x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from St Barbara Company Filings, last reported 1 month ago.

ASX:SBM Past Debt and Equity Data
Date (Data in AUD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 729.38 0.01 356.74
2018-09-30 729.38 0.01 356.74
2018-06-30 665.87 0.04 342.64
2018-03-31 665.87 0.04 342.64
2017-12-31 552.28 0.23 214.57
2017-09-30 552.28 0.23 214.57
2017-06-30 461.13 0.55 160.91
2017-03-31 461.13 0.55 160.91
2016-12-31 385.16 56.50 87.21
2016-09-30 385.16 56.50 87.21
2016-06-30 300.61 226.32 136.69
2015-12-31 202.53 293.24 100.56
2015-09-30 202.53 293.24 100.56
2015-06-30 140.43 346.96 76.94
2014-12-31 72.85 390.43 67.68
2014-09-30 72.85 390.43 67.68
2014-06-30 131.81 339.58 79.51
2013-12-31 535.01 320.42 58.37
2013-09-30 535.01 320.42 58.37
2013-06-30 623.23 328.09 117.47
2012-12-31 838.37 217.38 66.63
2012-09-30 838.37 217.38 66.63
2012-06-30 563.83 4.26 185.40
2012-03-31 563.83 4.26 185.40
  • St Barbara's level of debt (0%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (60.2% vs 0% today).
  • Debt is well covered by operating cash flow (5635540%, greater than 20% of total debt).
  • St Barbara earns more interest than it pays, coverage of interest payments is not a concern.
X
Financial health checks
We assess St Barbara's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. St Barbara has a total score of 6/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

SBM Dividends

 What is St Barbara's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
2.55%
Current annual income from St Barbara dividends. Estimated to be 2.46% next year.
If you bought A$2,000 of St Barbara shares you are expected to receive A$51 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • St Barbara's pays a lower dividend yield than the bottom 25% of dividend payers in Australia (2.67%).
  • St Barbara's dividend is below the markets top 25% of dividend payers in Australia (5.97%).
Upcoming dividend payment

Purchase St Barbara on or before the 'Buy Limit' to receive their next dividend payment.

Dividends are usually paid every 3 or 6 months, you can time your share purchase to take advantage of upcoming dividend payments.
Dividend payment calendar
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
ASX:SBM Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 7 Analyst Estimates (S&P Global) See Below
Australia Metals and Mining Industry Average Dividend Yield Market Cap Weighted Average of 37 Stocks 3.9%
Australia Market Average Dividend Yield Market Cap Weighted Average of 423 Stocks 4.4%
Australia Minimum Threshold Dividend Yield 10th Percentile 1.6%
Australia Bottom 25% Dividend Yield 25th Percentile 2.7%
Australia Top 25% Dividend Yield 75th Percentile 6%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

ASX:SBM Future Dividends Estimate Data
Date (Data in A$) Dividend per Share (annual) Avg. No. Analysts
2023-06-30 0.12 1.00
2022-06-30 0.12 1.00
2021-06-30 0.13 7.00
2020-06-30 0.12 8.00
2019-06-30 0.10 8.00
ASX:SBM Past Annualized Dividends Data
Date (Data in A$) Dividend per share (annual) Avg. Yield (%)
2019-02-19 0.120 2.423
2018-08-22 0.160 3.796
2018-08-21 0.120 2.967
2018-02-20 0.080 1.807
2017-08-07 0.060 1.915

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • St Barbara has been paying a dividend for less than 10 years and during this time payments have been volatile (annual drop of over 20%).
  • Dividend payments have increased, but St Barbara only paid a dividend in the past 2 years.
Current Payout to shareholders
What portion of St Barbara's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (3.3x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (3.1x coverage).
X
Income/ dividend checks
We assess St Barbara's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.6%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can St Barbara afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. St Barbara has a total score of 2/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

SBM Management

 What is the CEO of St Barbara's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Bob Vassie
COMPENSATION A$2,339,324
AGE 55
TENURE AS CEO 4.6 years
CEO Bio

Mr. Robert Scott Vassie, also known as Bob, B. Mineral Technology Hons, GAICD, FAusIMM, has been the Chief Executive Officer and Managing Director of St Barbara Limited since July 1, 2014. Mr. Vassie has been credited with engineering a strong operational and strategic turnaround at St Barbara since joining there in 2014. He is a Mining Engineer with 33 years' international mining industry experience and 18 years' experience in a range of senior management roles with Rio Tinto from 1994 to 2012. Immediately prior to joining St Barbara he was MD and CEO of Ivanhoe Australia Ltd. He has particular experience in operations management, resource development strategy, mine planning, feasibility studies, business improvement, corporate restructuring and strategic procurement. He has strong operational and technical background and considerable experience in global strategic roles. Mr. Vassie served as the Chief Executive Officer and Managing Director at Inova Resources Limited since January 14, 2013 to 2014. Mr. Vassie worked with Anglo American Coal, Bauer & Crosby Consulting Engineers and with Rio Tinto across a number of their business units. He has been a Director of St Barbara Limited since July 1, 2014. He served as a Non-Executive Director of Tawana Resources NL since August 1, 2017. He serves as Chair of MCA Gold Forum. He serves as a Director of Minerals Council of Australia. Mr. Vassie served as a Director of Inova Resources Limited since January 14, 2013. He has been Independent Non-Executive Director of Tawana Resources NL since December 14, 2018.

CEO Compensation
  • Bob's compensation has been consistent with company performance over the past year.
  • Bob's remuneration is about average for companies of similar size in Australia.
Management Team Tenure

Average tenure of the St Barbara management team in years:

4.6
Average Tenure
  • The tenure for the St Barbara management team is about average.
Management Team

Bob Vassie

TITLE
MD, CEO & Director
COMPENSATION
A$2M
AGE
55
TENURE
4.6 yrs

Garth Campbell-Cowan

TITLE
Chief Financial Officer
COMPENSATION
A$1M
TENURE
12.7 yrs

Rowan Cole

TITLE
Company Secretary
COMPENSATION
A$853K
TENURE
4.9 yrs

Stean Barrie

TITLE
General Manager of Technical Services
TENURE
3.3 yrs

Alistair Reid

TITLE
Manager of Investor Relations

Val Madsen

TITLE
General Manager of Human Resources

Roger Mustard

TITLE
General Manager of Exploration
TENURE
2.2 yrs
Board of Directors Tenure

Average tenure of the St Barbara board of directors in years:

3.8
Average Tenure
  • The tenure for the St Barbara board of directors is about average.
Board of Directors

Tim Netscher

TITLE
Independent Non-Executive Chairman
COMPENSATION
A$251K
AGE
68
TENURE
3.6 yrs

Bob Vassie

TITLE
MD, CEO & Director
COMPENSATION
A$2M
AGE
55
TENURE
4.6 yrs

David Edward Moroney

TITLE
Independent Non-Executive Director
COMPENSATION
A$141K
TENURE
3.9 yrs

Kerry Gleeson

TITLE
Independent Non-Executive Director
COMPENSATION
A$141K
TENURE
3.8 yrs

Stef Loader

TITLE
Independent Non-Executive Director
TENURE
0.3 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (A$) Value (A$)
25. Sep 18 Sell Van Eck Associates Corporation Company 16. Aug 18 21. Sep 18 -2,688,350 A$4.07 A$-10,450,722
25. Sep 18 Buy Van Eck Associates Corporation Company 15. Aug 18 21. Sep 18 8,932,807 A$3.99 A$34,807,840
20. Sep 18 Sell Norges Bank Investment Management Company 31. May 18 29. Aug 18 -14,018,539 A$4.99 A$-69,914,350
20. Sep 18 Buy Norges Bank Investment Management Company 31. May 18 12. Sep 18 18,052,257 A$5.01 A$90,501,541
20. Sep 18 Sell Robert Vassie Individual 13. Sep 18 19. Sep 18 -1,104,674 A$3.72 A$-4,109,387
18. Sep 18 Buy Norges Bank Investment Management Company 13. Sep 18 13. Sep 18 14,715 A$3.64 A$53,563
13. Sep 18 Sell Credit Suisse, Investment Banking and Securities Investments Company 07. Sep 18 07. Sep 18 -98,712 A$3.83 A$-374,034
13. Sep 18 Buy Credit Suisse, Investment Banking and Securities Investments Company 07. Sep 18 07. Sep 18 142,278 A$3.72 A$528,912
12. Sep 18 Sell Credit Suisse, Investment Banking and Securities Investments Company 06. Sep 18 06. Sep 18 -60,937 A$3.95 A$-240,537
12. Sep 18 Buy Credit Suisse, Investment Banking and Securities Investments Company 06. Sep 18 06. Sep 18 515,383 A$3.65 A$1,881,296
10. Sep 18 Sell Credit Suisse, Investment Banking and Securities Investments Company 07. May 18 04. Sep 18 -10,860,418 A$4.64 A$-50,375,979
10. Sep 18 Buy Credit Suisse, Investment Banking and Securities Investments Company 07. May 18 04. Sep 18 11,384,731 A$4.41 A$50,242,083
10. Sep 18 Sell Credit Suisse Asset Management (Switzerland) Company 17. May 18 16. Jul 18 -200,000 A$4.68 A$-936,678
11. Sep 18 Sell Credit Suisse, Investment Banking and Securities Investments Company 05. Sep 18 05. Sep 18 -95,966 A$4.11 A$-389,782
11. Sep 18 Buy Credit Suisse, Investment Banking and Securities Investments Company 05. Sep 18 05. Sep 18 147,786 A$3.78 A$557,792
10. Sep 18 Sell JPMorgan Chase & Co, Brokerage and Securities Investments Company 03. Sep 18 06. Sep 18 -306,039 A$4.07 A$-1,167,286
10. Sep 18 Buy JPMorgan Chase & Co, Brokerage and Securities Investments Company 03. Sep 18 06. Sep 18 614,406 A$4.07 A$2,319,575
04. Sep 18 Sell JPMorgan Chase & Co, Brokerage and Securities Investments Company 02. May 18 31. Aug 18 -8,472,078 A$5.22 A$-38,998,754
04. Sep 18 Buy JPMorgan Chase & Co, Brokerage and Securities Investments Company 02. May 18 31. Aug 18 8,109,076 A$5.25 A$37,246,949
04. Sep 18 Sell J.P. Morgan Asset Management, Inc. Company 25. May 18 24. Aug 18 -385,113 A$5.10 A$-1,824,744
04. Sep 18 Buy J.P. Morgan Asset Management, Inc. Company 07. May 18 28. Aug 18 418,232 A$5.01 A$1,988,174
16. Aug 18 Sell Van Eck Associates Corporation Company 29. Dec 17 02. Aug 18 -9,152,829 A$4.94 A$-40,505,593
16. Aug 18 Buy Van Eck Associates Corporation Company 27. Dec 17 08. Aug 18 2,800,502 A$4.94 A$13,595,423
31. Jul 18 Sell Norges Bank Investment Management Company 10. Apr 18 30. Jul 18 -9,090,116 A$4.91 A$-44,653,381
31. Jul 18 Buy Norges Bank Investment Management Company 09. Apr 18 21. Jun 18 7,064,805 A$4.97 A$35,144,420
25. Apr 18 Sell M&G Investment Management Limited Company 04. Apr 18 23. Apr 18 -1,224,542 A$4.27 A$-5,144,875
04. Apr 18 Sell M&G Investment Management Limited Company 08. Nov 17 03. Apr 18 -5,596,090 A$3.76 A$-21,025,698
X
Management checks
We assess St Barbara's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. St Barbara has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

SBM News

Simply Wall St News

Despite Its High P/E Ratio, Is St Barbara Limited (ASX:SBM) Still Undervalued?

This article is written for those who want to get better at using price to earnings ratios (P/E ratios). … St Barbara has a price to earnings ratio of 11.48, based on the last twelve months. … How Do I Calculate A Price To Earnings Ratio

Simply Wall St -

St Barbara Limited (ASX:SBM): Set To Experience A Decrease In Earnings?

Want to help shape the future of investing tools? … Participate in a short research study and receive a subscription valued at $60. … In June 2018, St Barbara Limited (ASX:SBM) released its most recent earnings announcement, whicha

Simply Wall St -

Can We See Significant Institutional Ownership On The St Barbara Limited (ASX:SBM) Share Register?

Generally speaking, as a company grows, institutions will increase their ownership. … St Barbara has a market capitalization of AU$2.5b, so we would expect some institutional investors to have noticed the stock. … institutional investors have bought into the company.

Simply Wall St -

Calculating The Fair Value Of St Barbara Limited (ASX:SBM)

In this article I am going to calculate the intrinsic value of St Barbara Limited (ASX:SBM). … by estimating the company's future cash flows and discounting them to their present value. … Discounted Cash Flows (DCF).

Simply Wall St -

What To Know Before Buying St Barbara Limited (ASX:SBM) For Its Dividend

Dividends can be underrated but they form a large part of investment returns, playing an important role in compounding returns in the long run. … Let's dig deeper into whether St Barbara should have a place in your portfolio. … When assessing a stock as a potential addition to my dividend Portfolio, I look at these five areas:

Simply Wall St -

How Many Insiders Sold St Barbara Limited (ASX:SBM) Shares?

So we'll take a look at whether insiders have been buying or selling shares in St Barbara Limited (ASX:SBM). … In the last twelve months, the biggest single sale by an insider was when MD, CEO & Director Robert Vassie sold AU$4.1m worth of shares at a price of AU$3.72 per share. … That means that even when the share price was below the current price of AU$4.12, an insider wanted to cash in some shares.

Simply Wall St -

Is St Barbara Limited's (ASX:SBM) CEO Being Overpaid?

First, this article will compare CEO compensation with compensation at similar sized companies. … How Does Bob Vassie's Compensation Compare With Similar Sized Companies. … Our data indicates that St Barbara Limited is worth AU$2.2b, and total annual CEO compensation is AU$2m.

Simply Wall St -

What Should You Know About St Barbara Limited's (ASX:SBM) Future?

In June 2018, St Barbara Limited (ASX:SBM) announced its latest earnings update, whicha … signalled

Simply Wall St -

Is St Barbara Limited (ASX:SBM) Attractive At This PE Ratio?

While SBM might seem like a stock to avoid or sell if you own it, it is important to understand the assumptions behind the P/E ratio before you make any investment decisions. … I will break down what the P/E ratio is, how to interpret it and what to watch out for … What you need to know about the P/E ratio

Simply Wall St -

Is St Barbara Limited (ASX:SBM) A Top Dividend Stock?

St Barbara Limited (ASX:SBM) has returned an average dividend yield of 2.00% annually to shareholders. … 5 checks you should use to assess a dividend stock … Whenever I am looking at a potential dividend stock investment, I always check these five metrics:

Simply Wall St -

SBM Company Info

Map
Description

St Barbara Limited, together with its subsidiaries, engages in the exploration, development, mining, and sale of gold. It operates through two segments, Leonora Operations and Simberi Operations. The company primarily explores for gold, silver, and copper-gold porphyry deposits. Its properties include the Gwalia underground mine located in Leonora, Western Australia; and the Simberi gold mine located in New Ireland province, Papua New Guinea. The company also holds an option to earn a 70% interest in the Lake Wells gold project located to the north-east of Laverton, Western Australia. St Barbara Limited was incorporated in 1969 and is based in Melbourne, Australia.

Details
Name: St Barbara Limited
SBM
Exchange: ASX
Founded: 1969
A$2,464,165,815
524,290,599
Website: http://www.stbarbara.com.au
Address: St Barbara Limited
432 St Kilda Road,
Level 10,
Melbourne,
Victoria, 3004,
Australia
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
ASX SBM Ordinary Shares Australian Securities Exchange AU AUD 02. Jan 1992
OTCPK STBM.F Ordinary Shares Pink Sheets LLC US USD 02. Jan 1992
DB BM1 Ordinary Shares Deutsche Boerse AG DE EUR 02. Jan 1992
CHIA SBM Ordinary Shares Chi-X Australia AU AUD 02. Jan 1992
OTCPK STBM.Y SPON ADR Pink Sheets LLC US USD 06. Sep 1994
Number of employees
Current staff
Staff numbers
0
St Barbara employees.
Industry
Gold
Materials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/02/23 10:32
End of day share price update: 2019/02/22 00:00
Last estimates confirmation: 2019/02/20
Last earnings filing: 2019/02/19
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/06/30


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.