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TGM

Theta Gold MinesASX:TGM Stock Report

Market Cap

AU$105.1m

7D

5.3%

1Y

-21.6%

Updated

18 Oct, 2021

Data

Company Financials
TGM fundamental analysis
Snowflake Score
Valuation0/6
Future Growth0/6
Past Performance0/6
Financial Health1/6
Dividends0/6

TGM Overview

Theta Gold Mines Limited operates as a gold exploration and development company in South Africa.

Theta Gold Mines Competitors

Prodigy Gold

ASX:PRX

AU$19.8m

Western Areas

ASX:WSA

AU$1.1b

TerraCom

ASX:TER

AU$154.7m

Equatorial Resources

ASX:EQX

AU$23.9m

Price History & Performance

Summary of all time highs, changes and price drops for Theta Gold Mines
Historical stock prices
Current Share PriceAU$0.20
52 Week HighAU$0.17
52 Week LowAU$0.40
Beta-0.42
1 Month Change8.11%
3 Month Change-16.67%
1 Year Change-21.57%
3 Year Change110.53%
5 Year Change11.11%
Change since IPO-88.24%

Recent News & Updates

Shareholder Returns

TGMAU Metals and MiningAU Market
7D5.3%4.3%0.9%
1Y-21.6%12.2%20.2%

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.

Price Volatility

Is TGM's price volatile compared to industry and market?
TGM volatility
TGM Beta-0.42
Industry Beta0.97
Market Beta1

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

FoundedEmployeesCEOWebsite
2008n/aLawrence Mundellhttps://www.thetagoldmines.com

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

How do Theta Gold Mines's earnings and revenue compare to its market cap?
TGM fundamental statistics
Market CapUS$78.00m
Earnings (TTM)-US$4.39m
Revenue (TTM)n/a

0x

P/S Ratio

-17.8x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
TGM income statement (TTM)
RevenueUS$0
Cost of RevenueUS$0
Gross ProfitUS$0
ExpensesUS$4.39m
Earnings-US$4.39m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)-0.0083
Gross Margin0.00%
Net Profit Margin0.00%
Debt/Equity Ratio84.7%

How did TGM perform over the long term?

See historical performance and comparison

Valuation

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

9.01x

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).


Future Growth

How is Theta Gold Mines forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

-0.3%

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.


Past Performance

How has Theta Gold Mines performed over the past 5 years?

1.5%

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.


Financial Health

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.


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: 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


Dividend

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.


Next Steps

Management

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

1.0yrs

Average management tenure


CEO

Lawrence Mundell

1

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...


Leadership Team

Experienced Management: TGM's management team is not considered experienced ( 1 years average tenure), which suggests a new team.


Board Members

Experienced Board: TGM's board of directors are considered experienced (3.3 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 been diluted in the past year, with total shares outstanding growing by 14.5%.


Top Shareholders

Company Information

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


Key Information

  • 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

Location

  • Theta Gold Mines Limited
  • International Tower One
  • Suite 80
  • Sydney
  • New South Wales
  • 2000
  • Australia

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/18 07:05
End of Day Share Price2021/10/14 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.