Theta Gold Mines Limited operates as a gold exploration and development company in South Africa.
Theta Gold Mines Competitors
Price History & Performance
|Historical stock prices|
|Current Share Price||AU$0.20|
|52 Week High||AU$0.17|
|52 Week Low||AU$0.40|
|1 Month Change||8.11%|
|3 Month Change||-16.67%|
|1 Year Change||-21.57%|
|3 Year Change||110.53%|
|5 Year Change||11.11%|
|Change since IPO||-88.24%|
Recent News & Updates
|TGM||AU Metals and Mining||AU Market|
Return vs Industry: TGM underperformed the Australian Metals and Mining industry which returned 12.2% over the past year.
Return vs Market: TGM underperformed the Australian Market which returned 20.2% over the past year.
Stable Share Price: TGM is not significantly more volatile than the rest of Australian stocks over the past 3 months, typically moving +/- 9% a week.
Volatility Over Time: TGM's weekly volatility (9%) has been stable over the past year.
About the Company
Theta Gold Mines Limited operates as a gold exploration and development company in South Africa. Its principal property is the Theta project located near the town of Pilgrim’s Rest in Mpumalanga Province. The company was formerly known as Stonewall Resources Limited and changed its name to Theta Gold Mines Limited in December 2018.
Theta Gold Mines Fundamentals Summary
|TGM fundamental statistics|
Is TGM overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|TGM income statement (TTM)|
|Cost of Revenue||US$0|
Last Reported Earnings
Jun 30, 2021
Next Earnings Date
|Earnings per share (EPS)||-0.0083|
|Net Profit Margin||0.00%|
How did TGM perform over the long term?See historical performance and comparison
Is Theta Gold Mines undervalued compared to its fair value and its price relative to the market?
Price to Book (PB) ratio
Share Price vs. Fair Value
Below Fair Value: Insufficient data to calculate TGM's fair value to establish if it is undervalued.
Significantly Below Fair Value: Insufficient data to calculate TGM's fair value to establish if it is undervalued.
Price To Earnings Ratio
PE vs Industry: TGM is unprofitable, so we can't compare its PE Ratio to the Australian Metals and Mining industry average.
PE vs Market: TGM 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 TGM's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: TGM is overvalued based on its PB Ratio (9x) compared to the AU Metals and Mining industry average (2.6x).
How is Theta Gold Mines forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
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 Theta Gold Mines 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.
How has Theta Gold Mines performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: TGM is currently unprofitable.
Growing Profit Margin: TGM is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: TGM is unprofitable, but has reduced losses over the past 5 years at a rate of 1.5% per year.
Accelerating Growth: Unable to compare TGM's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: TGM 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: TGM has a negative Return on Equity (-50.68%), as it is currently unprofitable.
How is Theta Gold Mines's financial position?
Financial Position Analysis
Short Term Liabilities: TGM's short term assets ($380.0K) do not cover its short term liabilities ($9.1M).
Long Term Liabilities: TGM's short term assets ($380.0K) do not cover its long term liabilities ($1.6M).
Debt to Equity History and Analysis
Debt Level: TGM's debt to equity ratio (84.7%) is considered high.
Reducing Debt: TGM had negative shareholder equity 5 years ago, but is now positive and has therefore improved.
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: TGM has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: TGM has less than a year of cash runway if free cash flow continues to reduce at historical rates of 5.1% each year
What is Theta Gold Mines's current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Notable Dividend: Unable to evaluate TGM's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate TGM'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 TGM's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if TGM'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 TGM's dividend in 3 years as they are not forecast to pay a notable one for the Australian market.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Mr. Lawrence Mitford Mundell serves as Chief Executive Officer of Africa at Theta Gold Mines Limited since October 1, 2020. He served as Chief Executive Officer at Namakwa Diamonds Ltd. Mr. Mundell served...
Experienced Management: TGM's management team is not considered experienced ( 1 years average tenure), which suggests a new team.
Experienced Board: TGM's board of directors are considered experienced (3.3 years average tenure).
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.
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 14.5%.
Theta Gold Mines Limited's employee growth, exchange listings and data sources
- Name: Theta Gold Mines Limited
- Ticker: TGM
- Exchange: ASX
- Founded: 2008
- Industry: Gold
- Sector: Materials
- Market Cap: AU$105.086m
- Shares outstanding: 525.43m
- Website: https://www.thetagoldmines.com
- Theta Gold Mines Limited
- International Tower One
- Suite 80
- New South Wales
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/10/18 07:05|
|End of Day Share Price||2021/10/14 00:00|
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.