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TAR

Taruga MineralsASX:TAR Stock Report

Market Cap

AU$24.1m

7D

-6.0%

1Y

-21.7%

Updated

19 Oct, 2021

Data

Company Financials
TAR fundamental analysis
Snowflake Score
Valuation0/6
Future Growth0/6
Past Performance0/6
Financial Health6/6
Dividends0/6

TAR Overview

Taruga Minerals Limited explores for mineral properties in Australia.

Price History & Performance

Summary of all time highs, changes and price drops for Taruga Minerals
Historical stock prices
Current Share PriceAU$0.047
52 Week HighAU$0.04
52 Week LowAU$0.12
Beta1.9
1 Month Change-6.00%
3 Month Change0%
1 Year Change-21.67%
3 Year Change-12.96%
5 Year Change34.29%
Change since IPO-99.06%

Recent News & Updates

Sep 27
We're Not Very Worried About Taruga Minerals' (ASX:TAR) Cash Burn Rate

We're Not Very Worried About Taruga Minerals' (ASX:TAR) Cash Burn Rate

Just because a business does not make any money, does not mean that the stock will go down. For example, although...

Shareholder Returns

TARAU Metals and MiningAU Market
7D-6.0%3.9%1.7%
1Y-21.7%13.3%20.3%

Return vs Industry: TAR underperformed the Australian Metals and Mining industry which returned 13.3% over the past year.

Return vs Market: TAR underperformed the Australian Market which returned 20.3% over the past year.

Price Volatility

Is TAR's price volatile compared to industry and market?
TAR volatility
TAR Beta1.9
Industry Beta0.97
Market Beta1

Stable Share Price: TAR is not significantly more volatile than the rest of Australian stocks over the past 3 months, typically moving +/- 9% a week.

Volatility Over Time: TAR's weekly volatility has decreased from 16% to 9% over the past year.

About the Company

FoundedEmployeesCEOWebsite
2011n/aThomas Linehttps://tarugaminerals.com.au

Taruga Minerals Limited explores for mineral properties in Australia. It primarily explores for gold, copper, silver, lithium, cobalt, base, and precious metal deposits. The company holds 100% interests in the Torrens iron-oxide-copper-gold project, the Flinders project, and the Mt Craig Copper project situated in South Australia.

Taruga Minerals Fundamentals Summary

How do Taruga Minerals's earnings and revenue compare to its market cap?
TAR fundamental statistics
Market CapAU$24.07m
Earnings (TTM)-AU$1.96m
Revenue (TTM)AU$6.69k

4.7kx

P/S Ratio

-12.3x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
TAR income statement (TTM)
RevenueAU$6.69k
Cost of RevenueAU$0
Gross ProfitAU$6.69k
ExpensesAU$1.97m
Earnings-AU$1.96m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)-0.0038
Gross Margin100.00%
Net Profit Margin-29,343.67%
Debt/Equity Ratio0.0%

How did TAR perform over the long term?

See historical performance and comparison

Valuation

Is Taruga Minerals undervalued compared to its fair value and its price relative to the market?

2.68x

Price to Book (PB) ratio


Share Price vs. Fair Value

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

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


Price To Earnings Ratio

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

PE vs Market: TAR 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 TAR's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: TAR is overvalued based on its PB Ratio (2.7x) compared to the AU Metals and Mining industry average (2.5x).


Future Growth

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

-0.2%

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 Taruga Minerals 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 Taruga Minerals performed over the past 5 years?

-1.2%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: TAR is currently unprofitable.

Growing Profit Margin: TAR is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: TAR is unprofitable, and losses have increased over the past 5 years at a rate of 1.2% per year.

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

Earnings vs Industry: TAR 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: TAR has a negative Return on Equity (-21.85%), as it is currently unprofitable.


Financial Health

How is Taruga Minerals's financial position?


Financial Position Analysis

Short Term Liabilities: TAR's short term assets (A$3.5M) exceed its short term liabilities (A$395.9K).

Long Term Liabilities: TAR has no long term liabilities.


Debt to Equity History and Analysis

Debt Level: TAR is debt free.

Reducing Debt: TAR has not had any debt for 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: TAR has sufficient cash runway for more than a year based on its current free cash flow.

Forecast Cash Runway: TAR has sufficient cash runway for 2.7 years if free cash flow continues to reduce at historical rates of 11.9% each year.


Dividend

What is Taruga Minerals's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

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

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

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

2.8yrs

Average management tenure


CEO

Thomas Line

1.25yrs

Tenure

AU$295,650

Compensation

Mr. Thomas Line serves as the Chief Executive Officer of Taruga Minerals Ltd since July 2020. He has been working as the Project Manager for Taruga in leading the exploration program on the Flinders projec...


CEO Compensation Analysis

Compensation vs Market: Thomas's total compensation ($USD219.11K) is about average for companies of similar size in the Australian market ($USD301.95K).

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


Leadership Team

Experienced Management: TAR's management team is considered experienced (2.8 years average tenure).


Board Members

Experienced Board: TAR's board of directors are not considered experienced ( 1.3 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 diluted in the past year, with total shares outstanding growing by 12%.


Top Shareholders

Company Information

Taruga Minerals Limited's employee growth, exchange listings and data sources


Key Information

  • Name: Taruga Minerals Limited
  • Ticker: TAR
  • Exchange: ASX
  • Founded: 2011
  • Industry: Gold
  • Sector: Materials
  • Market Cap: AU$24.067m
  • Shares outstanding: 512.06m
  • Website: https://tarugaminerals.com.au

Number of Employees


Location

  • Taruga Minerals Limited
  • 99 St Georges Terrace
  • Level 8
  • Perth
  • Western Australia
  • 6000
  • Australia

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/19 15:51
End of Day Share Price2021/10/19 00:00
Earnings2021/06/30
Annual Earnings2021/06/30


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.