company background image
TCG

Turaco GoldASX:TCG Stock Report

Market Cap

AU$50.6m

7D

11.1%

1Y

150.0%

Updated

25 Oct, 2021

Data

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

TCG Overview

Turaco Gold Limited engages in the acquisition, exploration, evaluation, and development of gold properties in Cote d’Ivoire.

Price History & Performance

Summary of all time highs, changes and price drops for Turaco Gold
Historical stock prices
Current Share PriceAU$0.15
52 Week HighAU$0.04
52 Week LowAU$0.15
Beta1.71
1 Month Change36.36%
3 Month Change50.00%
1 Year Change150.00%
3 Year Change275.00%
5 Year Change275.00%
Change since IPO-92.50%

Recent News & Updates

Jan 24
Manas Resources Limited (ASX:MSR) Insiders Increased Their Holdings

Manas Resources Limited (ASX:MSR) Insiders Increased Their Holdings

It is not uncommon to see companies perform well in the years after insiders buy shares. On the other hand, we'd be...

Shareholder Returns

TCGAU Metals and MiningAU Market
7D11.1%-0.4%0.8%
1Y150.0%15.6%24.4%

Return vs Industry: TCG exceeded the Australian Metals and Mining industry which returned 10.8% over the past year.

Return vs Market: TCG exceeded the Australian Market which returned 21.3% over the past year.

Price Volatility

Is TCG's price volatile compared to industry and market?
TCG volatility
TCG Beta1.71
Industry Beta0.97
Market Beta1

Stable Share Price: TCG is more volatile than 75% of Australian stocks over the past 3 months, typically moving +/- 14% a week.

Volatility Over Time: TCG's weekly volatility (14%) has been stable over the past year, but is still higher than 75% of Australian stocks.

About the Company

FoundedEmployeesCEOWebsite
20072Justin Tremainhttps://www.turacogold.com.au

Turaco Gold Limited engages in the acquisition, exploration, evaluation, and development of gold properties in Cote d’Ivoire. The company holds 89% interest in the Boundiali gold project that covers an area of 572km2 located on the Oume-Fetekro belt; 89% interest in the Ferke gold project covering an area of 300km2; and 100% interest in the Tongon North gold project that comprises 800km2 located in Cote d’Ivoire. It also holds interest in various properties.

Turaco Gold Fundamentals Summary

How do Turaco Gold's earnings and revenue compare to its market cap?
TCG fundamental statistics
Market CapAU$50.60m
Earnings (TTM)-AU$4.53m
Revenue (TTM)n/a

0x

P/S Ratio

-11.2x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
TCG income statement (TTM)
RevenueAU$0
Cost of RevenueAU$0
Gross ProfitAU$0
ExpensesAU$4.53m
Earnings-AU$4.53m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)-0.013
Gross Margin0.00%
Net Profit Margin0.00%
Debt/Equity Ratio0.0%

How did TCG perform over the long term?

See historical performance and comparison

Valuation

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

6.39x

Price to Book (PB) ratio


Share Price vs. Fair Value

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

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


Price To Earnings Ratio

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

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


Price to Book Ratio

PB vs Industry: TCG is overvalued based on its PB Ratio (6.4x) compared to the AU Metals and Mining industry average (2.6x).


Future Growth

How is Turaco 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 Turaco 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 Turaco Gold performed over the past 5 years?

13.6%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: TCG is currently unprofitable.

Growing Profit Margin: TCG is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: TCG is unprofitable, but has reduced losses over the past 5 years at a rate of 13.6% per year.

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

Earnings vs Industry: TCG 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: TCG has a negative Return on Equity (-57.21%), as it is currently unprofitable.


Financial Health

How is Turaco Gold's financial position?


Financial Position Analysis

Short Term Liabilities: TCG's short term assets (A$7.2M) exceed its short term liabilities (A$128.8K).

Long Term Liabilities: TCG has no long term liabilities.


Debt to Equity History and Analysis

Debt Level: TCG is debt free.

Reducing Debt: TCG had no debt 5 years ago.


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: TCG has sufficient cash runway for more than 3 years based on its current free cash flow.

Forecast Cash Runway: TCG has sufficient cash runway for 3 years if free cash flow continues to grow at historical rates of 14.2% each year.


Dividend

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


Dividend Yield vs Market

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

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

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

0.8yrs

Average board tenure


CEO

Justin Tremain

0.83

Tenure

AU$284,940

Compensation

Mr. Justin Albert Tremain, B.Com., serves as Managing Director, CEO and Director at Turaco Gold Limited (formerly known as Manas Resources Limited) since December 1, 2020. He serves as Director at Future M...


CEO Compensation Analysis

Compensation vs Market: Justin's total compensation ($USD213.60K) is about average for companies of similar size in the Australian market ($USD302.38K).

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


Board Members

Experienced Board: TCG's board of directors are not considered experienced ( 0.8 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 27.6%.


Top Shareholders

Company Information

Turaco Gold Limited's employee growth, exchange listings and data sources


Key Information

  • Name: Turaco Gold Limited
  • Ticker: TCG
  • Exchange: ASX
  • Founded: 2007
  • Industry: Gold
  • Sector: Materials
  • Market Cap: AU$50.602m
  • Shares outstanding: 337.34m
  • Website: https://www.turacogold.com.au

Number of Employees


Location

  • Turaco Gold Limited
  • 389 Oxford Street
  • Level 2
  • Mount Hawthorn
  • Western Australia
  • 6016
  • Australia

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/25 16:52
End of Day Share Price2021/10/25 00:00
Earnings2021/06/30
Annual Earnings2020/12/31


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.