ASX:TGM

Stock Analysis Report

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Executive Summary

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


Snowflake Analysis

Worrying balance sheet with weak fundamentals.


Similar Companies

Share Price & News

How has Theta Gold Mines's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: TGM has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

19.6%

TGM

-0.9%

AU Metals and Mining

-0.3%

AU Market


1 Year Return

96.8%

TGM

13.1%

AU Metals and Mining

-6.9%

AU Market

Return vs Industry: TGM exceeded the Australian Metals and Mining industry which returned 15.2% over the past year.

Return vs Market: TGM exceeded the Australian Market which returned -7% over the past year.


Shareholder returns

TGMIndustryMarket
7 Day19.6%-0.9%-0.3%
30 Day32.6%2.0%5.1%
90 Day7.0%-0.4%4.2%
1 Year96.8%96.8%19.1%13.1%-3.5%-6.9%
3 Year60.5%60.5%58.6%36.3%18.1%3.0%
5 Year238.9%238.9%141.5%97.3%44.2%15.1%

Price Volatility Vs. Market

How volatile is Theta Gold Mines's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

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

23.38x

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 AU 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 (23.4x) compared to the AU Metals and Mining industry average (2.6x).


Next Steps

Future Growth

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

2.8%

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.


Next Steps

Past Performance

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

3.1%

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 3.1% 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 (22.2%).


Return on Equity

High ROE: TGM has a negative Return on Equity (-133.97%), as it is currently unprofitable.


Next Steps

Financial Health

How is Theta Gold Mines's financial position?


Financial Position Analysis

Short Term Liabilities: TGM's short term assets ($319.0K) do not cover its short term liabilities ($8.1M).

Long Term Liabilities: TGM's short term assets ($319.0K) do not cover its long term liabilities ($1.7M).


Debt to Equity History and Analysis

Debt Level: TGM's debt to equity ratio (143.5%) 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: Insufficient data to determine if TGM has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.


Next Steps

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?

2.2yrs

Average management tenure


CEO

Lawrence Mundell

no data

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

NamePositionTenureCompensationOwnership
Chin Lim
CFO & Company Secretary3.58yrsUS$128.72k0.066%
$ 92.1k
Johan Fourie
Acting COOno dataUS$112.58kno data
Natasha Thomas
SA Director of Legal & Commercial0.75yrno datano data
Jacques Du Triou
Chief Operating Officer of Africano datano datano data
Lawrence Mundell
Chief Executive Officer of Africano datano datano data
Hanlie Grobler
Financial Controller & SA Director0.75yrUS$70.19kno data
Elane Botha
Group Legal Advisor7.42yrsUS$75.43kno data

2.2yrs

Average Tenure

Experienced Management: TGM's management team is considered experienced (2.2 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Charles Guy
Non Independent & Non-Executive Chairman2.08yrsUS$229.54kno data
Finn Behnken
Independent & Non-Executive Director1.83yrsUS$56.76kno data
Bill Yang
Independent & Non-Executive Director5.33yrsUS$238.77k0.35%
$ 491.4k
Yang Liu
Independent & Non-Executive Director7.75yrsUS$33.58k0.75%
$ 1.1m
Robert Thomson
Non Independent & Non-Executive Director3.92yrsUS$207.67k0.30%
$ 417.0k
Guyang Tang
Non Independent & Non-Executive Director2.25yrsUS$82.45k0.021%
$ 28.8k

3.1yrs

Average Tenure

Experienced Board: TGM's board of directors are considered experienced (3.1 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.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 5.1%.


Top Shareholders

Company Information

Theta Gold Mines Limited's company bio, 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$139.970m
  • Shares outstanding: 458.92m
  • Website: https://www.thetagoldmines.com

Location

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

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
TGMNASX (Australian Securities Exchange)NPV DFD 13/11/20(EX-OPTION)AUAUDNo data
TGMASX (Australian Securities Exchange)YesOrdinary SharesAUAUDNov 2012
TGMCHIA (Chi-X Australia)YesOrdinary SharesAUAUDNov 2012
TGMG.FOTCPK (Pink Sheets LLC)SHSUSUSDJun 2019

Biography

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. ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/10/24 10:33
End of Day Share Price2020/10/23 00:00
Earnings2020/06/30
Annual Earnings2020/06/30


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.