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TBR

Tribune Resources ASX:TBR Stock Report

Last Price

AU$3.70

Market Cap

AU$194.1m

7D

4.5%

1Y

-24.5%

Updated

30 Sep, 2022

Data

Company Financials
TBR fundamental analysis
Snowflake Score
Valuation2/6
Future Growth0/6
Past Performance1/6
Financial Health6/6
Dividends2/6

TBR Stock Overview

Tribune Resources Limited, together with its subsidiaries, engages in the development, exploration, and production of 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$3.70
52 Week HighAU$5.31
52 Week LowAU$3.40
Beta0.39
1 Month Change1.37%
3 Month Change-5.13%
1 Year Change-24.49%
3 Year Change-53.58%
5 Year Change-43.08%
Change since IPO5,592.31%

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...

Shareholder Returns

TBRAU Metals and MiningAU Market
7D4.5%-1.7%-0.5%
1Y-24.5%3.5%-9.7%

Return vs Industry: TBR underperformed the Australian Metals and Mining industry which returned 3.5% over the past year.

Return vs Market: TBR underperformed the Australian Market which returned -9.7% over the past year.

Price Volatility

Is TBR's price volatile compared to industry and market?
TBR volatility
TBR Average Weekly Movement6.4%
Metals and Mining Industry Average Movement11.4%
Market Average Movement9.5%
10% most volatile stocks in AU Market16.7%
10% least volatile stocks in AU Market4.2%

Stable Share Price: TBR is not significantly more volatile than the rest of Australian stocks over the past 3 months, typically moving +/- 6% a week.

Volatility Over Time: TBR's weekly volatility (6%) 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 of 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; and 100% interest in the Seven Mile Hill project situated in Western Australia and the Japa concession located in Ghana, West Africa.

Tribune Resources Fundamentals Summary

How do Tribune Resources's earnings and revenue compare to its market cap?
TBR fundamental statistics
Market CapAU$194.13m
Earnings (TTM)AU$1.80m
Revenue (TTM)AU$124.06m

108.0x

P/E Ratio

1.6x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
TBR income statement (TTM)
RevenueAU$124.06m
Cost of RevenueAU$81.66m
Gross ProfitAU$42.41m
Other ExpensesAU$40.61m
EarningsAU$1.80m

Last Reported Earnings

Jun 30, 2022

Next Earnings Date

n/a

Earnings per share (EPS)0.034
Gross Margin34.18%
Net Profit Margin1.45%
Debt/Equity Ratio0%

How did TBR perform over the long term?

See historical performance and comparison

Dividends

5.4%

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

2/6

Valuation Score 2/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

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/Revenue1.9x
Enterprise Value/EBITDA7.5x
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 Average-19.6x
X64 Ten Sixty Four
33.5xn/aAU$145.8m
TUL Tulla Resources
6.3x69.5%AU$117.1m
PNR Pantoro
n/a93.1%AU$260.1m
SMI Santana Minerals
n/an/aAU$97.4m
TBR Tribune Resources
108xn/aAU$194.1m

Price-To-Earnings vs Peers: TBR is expensive based on its Price-To-Earnings Ratio (108x) compared to the peer average (-19.6x).


Price to Earnings Ratio vs Industry

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

Price-To-Earnings vs Industry: TBR is expensive based on its Price-To-Earnings Ratio (108x) compared to the Australian Metals and Mining industry average (8.5x)


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 Ratio108x
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$3.7) is trading below our estimate of fair value (A$9.8)

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


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Insufficient data to show price forecast.


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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


-5.5%

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 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 Tribune Resources's financial health to determine how well-positioned it is against times of financial stress by looking at its level of debt over time and how much cash it has left.
  • 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

1/6

Past Performance Score 1/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


-9.2%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: TBR has high quality earnings.

Growing Profit Margin: TBR's current net profit margins (1.4%) are lower than last year (28.6%).


Past Earnings Growth Analysis

Earnings Trend: TBR's earnings have declined by 9.2% 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 (-96.5%) over the past year, making it difficult to compare to the Metals and Mining industry average (22.7%).


Return on Equity

High ROE: TBR's Return on Equity (2.5%) is considered low.


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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$219.0M) exceed its short term liabilities (A$10.9M).

Long Term Liabilities: TBR's short term assets (A$219.0M) exceed its long term liabilities (A$20.3M).


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

2/6

Dividend Score 2/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage


5.41%

Current Dividend Yield

Dividend Yield vs Market

Tribune Resources Dividend Yield vs Market
How does Tribune Resources dividend yield compare to the market?
SegmentDividend Yield
Company (Tribune Resources)5.4%
Market Bottom 25% (AU)2.8%
Market Top 25% (AU)7.2%
Industry Average (Metals and Mining)10.3%
Analyst forecast in 3 Years (Tribune Resources)n/a

Notable Dividend: TBR's dividend (5.41%) is higher than the bottom 25% of dividend payers in the Australian market (2.77%).

High Dividend: TBR's dividend (5.41%) is low compared to the top 25% of dividend payers in the Australian market (7.18%).


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 (56.9%), 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?

19.7yrs

Average board tenure


CEO

Anton Billis (78 yo)

19.67yrs

Tenure

AU$206,590

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

Anton Billis's Compensation vs Tribune Resources Earnings
How has Anton Billis's remuneration changed compared to Tribune Resources's earnings?
DateTotal Comp.SalaryCompany Earnings
Jun 30 2022AU$207kAU$183k

AU$2m

Mar 31 2022n/an/a

AU$16m

Dec 31 2021n/an/a

AU$31m

Sep 30 2021n/an/a

AU$41m

Jun 30 2021AU$279kAU$183k

AU$51m

Dec 31 2020n/an/a

AU$44m

Sep 30 2020n/an/a

AU$47m

Jun 30 2020AU$482kAU$183k

AU$49m

Dec 31 2019n/an/a

AU$17m

Sep 30 2019n/an/a

AU$26m

Jun 30 2019AU$383kAU$175k

AU$35m

Mar 31 2019n/an/a

AU$51m

Dec 31 2018n/an/a

AU$68m

Sep 30 2018n/an/a

AU$55m

Jun 30 2018AU$477kAU$259k

AU$42m

Mar 31 2018n/an/a

AU$40m

Dec 31 2017n/an/a

AU$37m

Sep 30 2017n/an/a

AU$36m

Jun 30 2017AU$427kAU$186k

AU$34m

Mar 31 2017n/an/a

AU$33m

Dec 31 2016n/an/a

AU$32m

Sep 30 2016n/an/a

AU$32m

Jun 30 2016AU$479kAU$199k

AU$31m

Compensation vs Market: Anton's total compensation ($USD133.86K) is below average for companies of similar size in the Australian market ($USD274.34K).

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 ( 19.7 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

What is the ownership structure of TBR?
Owner TypeNumber of SharesOwnership Percentage
Private Companies5,452,66510.4%
General Public8,496,35116.2%
Institutions9,582,28218.3%
Public Companies11,045,10121.1%
Individual Insiders17,891,67834.1%

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


Top Shareholders

Top 20 shareholders own 83.81% of the company
OwnershipNameSharesCurrent ValueChange %Portfolio %
31.84%
Anthony Billis
16,705,351A$61.8m0%no data
21.05%
Evolution Mining Limited
11,045,101A$40.9m0%no data
14.32%
Invesco Ltd.
7,514,186A$27.8m0%0.01%
4.32%
Marford Group Pty. Ltd.
2,267,781A$8.4m0%no data
2.88%
KONTOR STÖWER Asset Management GmbH
1,508,656A$5.6m0%1.43%
1.8%
Havannah Investment Pty Ltd
942,261A$3.5m0%no data
1.62%
Raypoint Pty Ltd
850,000A$3.1m0%no data
1.51%
Carstowe Holdings Pte Ltd
790,057A$2.9m0%no data
0.79%
Bellview Investments Pte Ltd
416,166A$1.5m0%no data
0.67%
Nero Resource Fund Pty Ltd
350,875A$1.3m0%2.49%
0.6%
M Delroy
314,942A$1.2m0%no data
0.57%
Shane Mardon
300,000A$1.1m0%no data
0.57%
J Greene
300,000A$1.1m0%no data
0.49%
P. Wichaikul
257,385A$952.3k0%no data
0.36%
Lake Grace Exploration Pty. Ltd.
186,400A$689.7k0%no data
0.35%
FMR LLC
182,155A$674.0k0%no data
0.046%
Dimensional Fund Advisors LP
24,017A$88.9k-0.06%no data
0.023%
Otakar Demis
12,000A$44.4k0%no data
0.0046%
Fidelity International Ltd
2,393A$8.9k0%no data
0.0038%
Byron Willis
2,000A$7.4k0%no data

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$194.132m
  • 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

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
TBRASX (Australian Securities Exchange)YesOrdinary SharesAUAUDJan 1992
TNRDB (Deutsche Boerse AG)YesOrdinary SharesDEEURJan 1992
TBRCHIA (Chi-X Australia)YesOrdinary SharesAUAUDJan 1992

Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/09/30 00:00
End of Day Share Price2022/09/30 00:00
Earnings2022/06/30
Annual Earnings2022/06/30


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.