ASX:SBM

Stock Analysis Report

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Executive Summary

St Barbara Limited, together with its subsidiaries, engages in the exploration, development, mining, and sale of gold.


Snowflake Analysis

Excellent balance sheet with reasonable growth potential.


Similar Companies

Share Price & News

How has St Barbara's share price performed over time and what events caused price changes?


Latest Share Price and Events

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


Market Performance


7 Day Return

0.3%

SBM

5.4%

AU Metals and Mining

3.1%

AU Market


1 Year Return

15.4%

SBM

6.7%

AU Metals and Mining

-6.9%

AU Market

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

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


Shareholder returns

SBMIndustryMarket
7 Day0.3%5.4%3.1%
30 Day18.6%22.0%13.0%
90 Day19.5%12.9%-6.0%
1 Year18.8%15.4%12.4%6.7%-3.0%-6.9%
3 Year13.3%3.4%73.1%49.2%17.8%2.2%
5 Year630.0%566.7%104.0%62.7%34.4%5.4%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

Is St Barbara undervalued compared to its fair value and its price relative to the market?

6.8%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: SBM (A$3) is trading below our estimate of fair value (A$3.22)

Significantly Below Fair Value: SBM is trading below fair value, but not by a significant amount.


Price To Earnings Ratio

PE vs Industry: SBM is poor value based on its PE Ratio (18.6x) compared to the Metals and Mining industry average (10.1x).

PE vs Market: SBM is poor value based on its PE Ratio (18.6x) compared to the Australian market (15.7x).


Price to Earnings Growth Ratio

PEG Ratio: SBM is good value based on its PEG Ratio (0.6x)


Price to Book Ratio

PB vs Industry: SBM is overvalued based on its PB Ratio (1.6x) compared to the AU Metals and Mining industry average (1.5x).


Next Steps

Future Growth

How is St Barbara forecast to perform in the next 1 to 3 years based on estimates from 6 analysts?

33.2%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: SBM's forecast earnings growth (33.2% per year) is above the savings rate (2.3%).

Earnings vs Market: SBM's earnings (33.2% per year) are forecast to grow faster than the Australian market (14.5% per year).

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

Revenue vs Market: SBM's revenue (11.8% per year) is forecast to grow faster than the Australian market (4.2% per year).

High Growth Revenue: SBM's revenue (11.8% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: SBM's Return on Equity is forecast to be low in 3 years time (15.7%).


Next Steps

Past Performance

How has St Barbara performed over the past 5 years?

24.0%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: SBM has high quality earnings.

Growing Profit Margin: SBM's current net profit margins (14.7%) are lower than last year (29.9%).


Past Earnings Growth Analysis

Earnings Trend: SBM has become profitable over the past 5 years, growing earnings by 24% per year.

Accelerating Growth: SBM's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: SBM had negative earnings growth (-50.8%) over the past year, making it difficult to compare to the Metals and Mining industry average (-7.9%).


Return on Equity

High ROE: SBM's Return on Equity (7.7%) is considered low.


Next Steps

Financial Health

How is St Barbara's financial position?


Financial Position Analysis

Short Term Liabilities: SBM's short term assets (A$192.7M) exceed its short term liabilities (A$85.6M).

Long Term Liabilities: SBM's short term assets (A$192.7M) do not cover its long term liabilities (A$503.3M).


Debt to Equity History and Analysis

Debt Level: SBM's debt to equity ratio (8.2%) is considered satisfactory.

Reducing Debt: SBM's debt to equity ratio has reduced from 523.9% to 8.2% over the past 5 years.

Debt Coverage: SBM's debt is well covered by operating cash flow (199.1%).

Interest Coverage: SBM earns more interest than it pays, so coverage of interest payments is not a concern.


Balance Sheet


Next Steps

Dividend

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

2.67%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: SBM's dividend (2.67%) is higher than the bottom 25% of dividend payers in the Australian market (2.52%).

High Dividend: SBM's dividend (2.67%) is low compared to the top 25% of dividend payers in the Australian market (6.55%).


Stability and Growth of Payments

Stable Dividend: SBM has been paying a dividend for less than 10 years and during this time payments have been volatile.

Growing Dividend: SBM's dividend payments have increased, but the company has only paid a dividend for 3 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (49.7%), SBM's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: SBM's dividends in 3 years are forecast to be well covered by earnings (27.3% payout ratio).


Next Steps

Management

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

5.5yrs

Average management tenure


CEO

Craig Jetson

0.33

Tenure

Mr. Craig Anthony Jetson serves as the Managing Director, CEO and Director of St Barbara Limited since February 03, 2020. Mr. Craig Jetson served as an Executive General Manager of Cadia & Lihir of Newcres ...


Leadership Team

NamePositionTenureCompensationOwnership
Garth Campbell-Cowan
Chief Financial Officer14yrsAU$925.70k0.0031% A$68.0k
Rowan Cole
Company Secretary6.25yrsAU$728.77k0.0092% A$199.7k
Craig Jetson
MD, CEO & Director0.33yrno datano data
Stean Barrie
General Manager of Technical Services4.67yrsno datano data
David Cotterell
Manager of Investor Relationsno datano datano data
Gillian Wong
Manager of Legal & Deputy Company Secretaryno datano datano data
Val Madsen
General Manager of Human Resourcesno datano datano data
Roger Mustard
General Manager of Explorationno datano datano data

5.5yrs

Average Tenure

Experienced Management: SBM's management team is seasoned and experienced (5.5 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Craig Jetson
MD, CEO & Director0.33yrno datano data
Steven Dean
Independent Non-Executive Director0.92yrno datano data
Kerry Gleeson
Independent Non-Executive Director5.08yrsAU$161.26k0.0040% A$87.4k
Timothy Netscher
Independent Non-Executive Chairman4.92yrsAU$263.34k0.012% A$270.7k
David Edward Moroney
Independent Non-Executive Director5.25yrsAU$161.26k0.015% A$326.9k
Stefanie Loader
Independent Non-Executive Director1.58yrsAU$104.17k0.0043% A$93.1k

3.3yrs

Average Tenure

Experienced Board: SBM'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 33.7%.


Top Shareholders

Company Information

St Barbara Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: St Barbara Limited
  • Ticker: SBM
  • Exchange: ASX
  • Founded: 1969
  • Industry: Gold
  • Sector: Materials
  • Market Cap: AU$2.180b
  • Shares outstanding: 703.09m
  • Website: https://stbarbara.com.au

Number of Employees


Location

  • St Barbara Limited
  • 432 St Kilda Road
  • Level 10
  • Melbourne
  • Victoria
  • 3004
  • Australia

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
BM1DB (Deutsche Boerse AG)YesOrdinary SharesDEEURJan 1992
SBMASX (Australian Securities Exchange)YesOrdinary SharesAUAUDJan 1992
STBM.FOTCPK (Pink Sheets LLC)YesOrdinary SharesUSUSDJan 1992
BM1MUN (Boerse Muenchen)YesOrdinary SharesDEAUDJan 1992
SBMCHIA (Chi-X Australia)YesOrdinary SharesAUAUDJan 1992
STBM.YOTCPK (Pink Sheets LLC)SPON ADRUSUSDSep 1994

Biography

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. St Barbara Limited was incorporated in 1969 and is based in Melbourne, 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 10:37
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.