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TBR

Tribune Resources ASX:TBR Stock Report

Last Price

AU$3.93

Market Cap

AU$206.2m

7D

5.4%

1Y

-19.8%

Updated

24 Jun, 2022

Data

Company Financials
TBR fundamental analysis
Snowflake Score
Valuation4/6
Future Growth0/6
Past Performance2/6
Financial Health6/6
Dividends2/6

TBR Stock Overview

Tribune Resources Limited, together with its subsidiaries, engages in the development, exploration, and production mineral properties in Australia.

Tribune Resources Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Tribune Resources
Historical stock prices
Current Share PriceAU$3.93
52 Week HighAU$5.89
52 Week LowAU$3.57
Beta0.35
1 Month Change-2.72%
3 Month Change-21.40%
1 Year Change-19.80%
3 Year Change-27.89%
5 Year Change-46.02%
Change since IPO5,946.15%

Recent News & Updates

Nov 19
There Could Be A Chance Tribune Resources Limited's (ASX:TBR) CEO Will Have Their Compensation Increased

There Could Be A Chance Tribune Resources Limited's (ASX:TBR) CEO Will Have Their Compensation Increased

Shareholders will be pleased by the robust performance of Tribune Resources Limited ( ASX:TBR ) recently and this will...

Mar 23
Is Tribune Resources Limited (ASX:TBR) An Attractive Dividend Stock?

Is Tribune Resources Limited (ASX:TBR) An Attractive Dividend Stock?

Could Tribune Resources Limited ( ASX:TBR ) be an attractive dividend share to own for the long haul? Investors are...

Shareholder Returns

TBRAU Metals and MiningAU Market
7D5.4%-5.9%1.4%
1Y-19.8%-12.4%-11.3%

Return vs Industry: TBR underperformed the Australian Metals and Mining industry which returned -12.6% over the past year.

Return vs Market: TBR underperformed the Australian Market which returned -12.2% over the past year.

Price Volatility

Is TBR's price volatile compared to industry and market?
TBR volatility
TBR Average Weekly Movement5.5%
Metals and Mining Industry Average Movement11.4%
Market Average Movement9.7%
10% most volatile stocks in AU Market16.3%
10% least volatile stocks in AU Market4.2%

Stable Share Price: TBR is less volatile than 75% of Australian stocks over the past 3 months, typically moving +/- 5% a week.

Volatility Over Time: TBR's weekly volatility (5%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1988n/aAnton Billishttps://tribune.com.au

Tribune Resources Limited, together with its subsidiaries, engages in the development, exploration, and production mineral properties in Australia. The company explores for gold and silver deposits. It holds 36.75% interest in the East Kundana joint venture and 24.5% interest in the West Kundana joint venture located in Western Australia; 50% interest in the Seven Mile Hill project situated in Western Australia; 100% interest in the Japa concession located in Ghana, West Africa; and 40% interest in Diwalwal Gold Project situated in Mindanao, Philippines.

Tribune Resources Fundamentals Summary

How do Tribune Resources's earnings and revenue compare to its market cap?
TBR fundamental statistics
Market CapAU$206.20m
Earnings (TTM)AU$30.84m
Revenue (TTM)AU$149.69m

6.7x

P/E Ratio

1.4x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
TBR income statement (TTM)
RevenueAU$149.69m
Cost of RevenueAU$48.12m
Gross ProfitAU$101.56m
Other ExpensesAU$70.72m
EarningsAU$30.84m

Last Reported Earnings

Dec 31, 2021

Next Earnings Date

n/a

Earnings per share (EPS)0.59
Gross Margin67.85%
Net Profit Margin20.60%
Debt/Equity Ratio0%

How did TBR perform over the long term?

See historical performance and comparison

Dividends

5.1%

Current Dividend Yield

n/a

Payout Ratio
We’ve recently updated our valuation analysis.

Valuation

Is TBR undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

4/6

Valuation Score 4/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • PEG Ratio

Key Valuation Metric

Which metric is best to use when looking at relative valuation for TBR?

Other financial metrics that can be useful for relative valuation.

TBR key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue1.7x
Enterprise Value/EBITDA2.7x
PEG Ration/a

Price to Earnings Ratio vs Peers

How does TBR's PE Ratio compare to its peers?

TBR PE Ratio vs Peers
The above table shows the PE ratio for TBR vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average23.3x
RND Rand Mining
5.6xn/aAU$80.2m
TUL Tulla Resources
6.8x81.8%AU$126.5m
X64 Ten Sixty Four
5.2xn/aAU$168.7m
PNR Pantoro
75.5x73.7%AU$315.0m
TBR Tribune Resources
6.7xn/aAU$206.2m

Price-To-Earnings vs Peers: TBR is good value based on its Price-To-Earnings Ratio (6.7x) compared to the peer average (23.3x).


Price to Earnings Ratio vs Industry

How does TBR's PE Ratio compare vs other companies in the Australian Metals and Mining Industry?

Price-To-Earnings vs Industry: TBR is good value based on its Price-To-Earnings Ratio (6.7x) compared to the Australian Metals and Mining industry average (8.8x)


Price to Earnings Ratio vs Fair Ratio

What is TBR's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

TBR PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio6.7x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate TBR's Price-To-Earnings Fair Ratio for valuation analysis.


Share Price vs Fair Value

What is the Fair Price of TBR when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: TBR (A$3.93) is trading below our estimate of fair value (A$44.42)

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


Price to Earnings Growth Ratio

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


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Future Growth

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

Future Growth Score

0/6

Future Growth Score 0/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


-7.1%

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 Tribune Resources 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.


Discover growth companies

  • Examine whether Tribune Resources is trading at an attractive price based on how much it is expected to earn in the future, and relative to its industry peers and the wider market.
  • Tribune Resources competitive advantages and company strategy can generally be found in its financial reports archived here.

Past Performance

How has Tribune Resources performed over the past 5 years?

Past Performance Score

2/6

Past Performance Score 2/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


2.1%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: TBR has high quality earnings.

Growing Profit Margin: TBR's current net profit margins (20.6%) are lower than last year (23.4%).


Past Earnings Growth Analysis

Earnings Trend: TBR's earnings have grown by 2.1% per year over the past 5 years.

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

Earnings vs Industry: TBR had negative earnings growth (-30.2%) over the past year, making it difficult to compare to the Metals and Mining industry average (57.3%).


Return on Equity

High ROE: TBR's Return on Equity (12.9%) is considered low.


Discover strong past performing companies

Financial Health

How is Tribune Resources's financial position?

Financial Health Score

6/6

Financial Health Score 6/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: TBR's short term assets (A$218.9M) exceed its short term liabilities (A$16.2M).

Long Term Liabilities: TBR's short term assets (A$218.9M) exceed its long term liabilities (A$19.4M).


Debt to Equity History and Analysis

Debt Level: TBR is debt free.

Reducing Debt: TBR had no debt 5 years ago.

Debt Coverage: TBR has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: TBR has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet


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Dividend

What is Tribune Resources's current dividend yield, its reliability and sustainability?

Dividend Score

1/6

Dividend Score 1/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Future Dividend Coverage


5.09%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: TBR's dividend (5.09%) is higher than the bottom 25% of dividend payers in the Australian market (2.77%).

High Dividend: TBR's dividend (5.09%) is low compared to the top 25% of dividend payers in the Australian market (6.9%).


Stability and Growth of Payments

Stable Dividend: Whilst dividend payments have been stable, TBR has been paying a dividend for less than 10 years.

Growing Dividend: TBR has only been paying a dividend for 5 years, and since then payments have not increased.


Earnings Payout to Shareholders

Earnings Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: With its reasonable cash payout ratio (51.4%), TBR's dividend payments are covered by cash flows.


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Management

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

19.4yrs

Average board tenure


CEO

Anton Billis (78 yo)

no data

Tenure

AU$279,406

Compensation

Mr. Anthony B. Billis, also known as Anton, serves as the Chief Executive Officer and Managing Director of RAND Mining Ltd. Mr. Billis has been an Executive Director of Tribune Resources Limited since Janu...


CEO Compensation Analysis

Compensation vs Market: Anton's total compensation ($USD193.01K) is below average for companies of similar size in the Australian market ($USD289.03K).

Compensation vs Earnings: Anton's compensation has been consistent with company performance over the past year.


Board Members

Experienced Board: TBR's board of directors are seasoned and experienced ( 19.4 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.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Tribune Resources Limited's employee growth, exchange listings and data sources


Key Information

  • Name: Tribune Resources Limited
  • Ticker: TBR
  • Exchange: ASX
  • Founded: 1988
  • Industry: Gold
  • Sector: Materials
  • Implied Market Cap: AU$206.200m
  • Shares outstanding: 52.47m
  • Website: https://tribune.com.au

Location

  • Tribune Resources Limited
  • 49 Melville Parade
  • Suite G1
  • South Perth
  • Western Australia
  • 6151
  • Australia

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/06/24 00:00
End of Day Share Price2022/06/24 00:00
Earnings2021/12/31
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.