Sunshine Gold (ASX:SHN) - Share price, News & Analysis

SHN fundamental analysis
Snowflake Score
Valuation	0/6
Future Growth	0/6
Past Performance	0/6
Financial Health	4/6
Dividends	0/6

SHN Overview

Sunshine Gold Limited engages in the exploration and development of gold and copper mineral projects in Queensland.

Risk Analysis

Earnings have declined by 19.7% per year over past 5 years

Has less than 1 year of cash runway

Shareholders have been substantially diluted in the past year

Makes less than USD$1m in revenue (A$0)

+ 1 more risk

Price History & Performance

Summary of all time highs, changes and price drops for Sunshine Gold
Historical stock prices
Current Share Price	AU$0.045
52 Week High	AU$0.041
52 Week Low	AU$0.077
Beta	0.83
1 Month Change	-13.46%
3 Month Change	-25.00%
1 Year Change	n/a
3 Year Change	65.44%
5 Year Change	181.25%
Change since IPO	-77.50%

Recent News & Updates

Mar 09

Have Insiders Been Buying Sunshine Gold Limited (ASX:SHN) Shares?

We often see insiders buying up shares in companies that perform well over the long term. Unfortunately, there are also...

Shareholder Returns

	SHN	AU Metals and Mining	AU Market
7D	-10.0%	-0.4%	0.8%
1Y	n/a	15.6%	24.4%

Return vs Industry: Insufficient data to determine how SHN performed against the Australian Metals and Mining industry.

Return vs Market: Insufficient data to determine how SHN performed against the Australian Market.

Price Volatility

Is SHN's price volatile compared to industry and market?
SHN volatility
SHN Beta	0.83
Industry Beta	0.97
Market Beta	1

Stable Share Price: SHN is not significantly more volatile than the rest of Australian stocks over the past 3 months, typically moving +/- 10% a week.

Volatility Over Time: SHN's weekly volatility (10%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
1994	n/a	Damien Keys	https://www.shngold.com.au

Sunshine Gold Limited engages in the exploration and development of gold and copper mineral projects in Queensland. The company holds 618 square kilometers of prospective tenements across three project areas, including Triumph gold project covering an area of 138 square kilometers with 2 EPMs located in the Northern New England Orogen; Hodgkinson gold project consisting of 365 square kilometers with 5 granted EPMs and 1 EPM in application situated at the north west of Cairns; and the Investigator copper project comprising two granted exploration lease EPMs covering an area of 115 square kilometers located in the Western Succession of the Proterozic Mt Isa Inlier; and Ravenswood West project consisting of 4 exploration permits that cover an area of 392 square kilometers. The company was formerly known as Pelican Resources Limited and changed its name to Sunshine Gold Limited in November 2020.

Sunshine Gold Fundamentals Summary

How do Sunshine Gold's earnings and revenue compare to its market cap?
SHN fundamental statistics
Market Cap	AU$25.79m
Earnings (TTM)	-AU$1.06m
Revenue (TTM)	n/a

0x

P/S Ratio

-23.2x

P/E Ratio

Is SHN overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report
SHN income statement (TTM)
Revenue	AU$0
Cost of Revenue	AU$0
Gross Profit	AU$0
Expenses	AU$1.06m
Earnings	-AU$1.06m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)	-0.0019
Gross Margin	0.00%
Net Profit Margin	0.00%
Debt/Equity Ratio	0.02%

How did SHN perform over the long term?

See historical performance and comparison

Valuation

Is Sunshine Gold undervalued compared to its fair value and its price relative to the market?

3.52x

Price to Book (PB) ratio

Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate SHN's fair value to establish if it is undervalued.

Significantly Below Fair Value: Insufficient data to calculate SHN's fair value to establish if it is undervalued.

Price To Earnings Ratio

PE vs Industry: SHN is unprofitable, so we can't compare its PE Ratio to the Australian Metals and Mining industry average.

PE vs Market: SHN is unprofitable, so we can't compare its PE Ratio to the Australian market.

Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate SHN's PEG Ratio to determine if it is good value.

Price to Book Ratio

PB vs Industry: SHN is overvalued based on its PB Ratio (3.5x) compared to the AU Metals and Mining industry average (2.6x).

Future Growth

How is Sunshine Gold forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

-0.5%

Forecasted Materials industry annual growth in earnings

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Sunshine Gold has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.

Past Performance

How has Sunshine Gold performed over the past 5 years?

-19.7%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: SHN is currently unprofitable.

Growing Profit Margin: SHN is currently unprofitable.

Past Earnings Growth Analysis

Earnings Trend: SHN is unprofitable, and losses have increased over the past 5 years at a rate of 19.7% per year.

Accelerating Growth: Unable to compare SHN's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: SHN is unprofitable, making it difficult to compare its past year earnings growth to the Metals and Mining industry (35.3%).

Return on Equity

High ROE: SHN has a negative Return on Equity (-15.17%), as it is currently unprofitable.

Financial Health

How is Sunshine Gold's financial position?

Financial Position Analysis

Short Term Liabilities: SHN's short term assets (A$2.5M) exceed its short term liabilities (A$194.2K).

Long Term Liabilities: SHN's short term assets (A$2.5M) exceed its long term liabilities (A$8.3K).

Debt to Equity History and Analysis

Debt Level: SHN's debt to equity ratio (0.02%) is considered satisfactory.

Reducing Debt: SHN's debt to equity ratio has reduced from 0.09% to 0.02% over the past 5 years.

Balance Sheet

Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: SHN has less than a year of cash runway based on its current free cash flow.

Forecast Cash Runway: SHN has less than a year of cash runway if free cash flow continues to reduce at historical rates of 25.9% each year

Dividend

What is Sunshine Gold current dividend yield, its reliability and sustainability?

Dividend Yield vs Market

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

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

Growing Dividend: Insufficient data to determine if SHN'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 SHN's dividend in 3 years as they are not forecast to pay a notable one for the Australian market.

Next Steps

Explore strong dividend paying companies in the Materials industry.

Management

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

0.9yrs

Average board tenure

CEO

Damien Keys

0.92

Tenure

AU$225,096

Compensation

Dr. Damien Leslie Keys, PhD (Struct. Geo), MAIG, serves as Managing Director at Sunshine Gold Limited (formerly known as Pelican Resources Limited) since November 2020 and serves as its Director since Nove...

CEO Compensation Analysis

Compensation vs Market: Damien's total compensation ($USD168.74K) is below average for companies of similar size in the Australian market ($USD301.38K).

Compensation vs Earnings: Insufficient data to compare Damien's compensation with company performance.

Board Members

Experienced Board: SHN's board of directors are not considered experienced ( 0.9 years average tenure), which suggests a new board.

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 substantially diluted in the past year, with total shares outstanding growing by 114.9%.

Data	Last Updated (UTC time)
Company Analysis	2021/10/26 07:02
End of Day Share Price	2021/10/26 00:00
Earnings	2021/06/30
Annual Earnings	2021/06/30

Market Cap

7D

1Y

Updated

Data