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TGN

Tungsten MiningASX:TGN Stock Report

Market Cap

AU$110.1m

7D

3.6%

1Y

-3.3%

Updated

14 Oct, 2021

Data

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

TGN Overview

Tungsten Mining NL, a resources company, engages in the exploration, evaluation, and development of mineral projects in Australia.

Price History & Performance

Summary of all time highs, changes and price drops for Tungsten Mining
Historical stock prices
Current Share PriceAU$0.14
52 Week HighAU$0.11
52 Week LowAU$0.26
Beta0.22
1 Month Change-3.33%
3 Month Change3.57%
1 Year Change-3.33%
3 Year Change-56.06%
5 Year Change367.74%
Change since IPO-29.27%

Recent News & Updates

Sep 21
Companies Like Tungsten Mining (ASX:TGN) Can Afford To Invest In Growth

Companies Like Tungsten Mining (ASX:TGN) Can Afford To Invest In Growth

We can readily understand why investors are attracted to unprofitable companies. For example, although...

Jun 03
We're Not Very Worried About Tungsten Mining's (ASX:TGN) Cash Burn Rate

We're Not Very Worried About Tungsten Mining's (ASX:TGN) Cash Burn Rate

We can readily understand why investors are attracted to unprofitable companies. For example, although...

Shareholder Returns

TGNAU Metals and MiningAU Market
7D3.6%2.6%0.3%
1Y-3.3%7.4%17.9%

Return vs Industry: TGN underperformed the Australian Metals and Mining industry which returned 7.4% over the past year.

Return vs Market: TGN underperformed the Australian Market which returned 17.9% over the past year.

Price Volatility

Is TGN's price volatile compared to industry and market?
TGN volatility
TGN Beta0.22
Industry Beta0.97
Market Beta1

Stable Share Price: TGN is not significantly more volatile than the rest of Australian stocks over the past 3 months, typically moving +/- 8% a week.

Volatility Over Time: TGN's weekly volatility (8%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
2011n/aCraig Ferrierhttps://www.tungstenmining.com

Tungsten Mining NL, a resources company, engages in the exploration, evaluation, and development of mineral projects in Australia. The company also explores for tungsten, molybdenum, gold, silver, and copper deposits. It holds interest in the Mt Mulgine project located in the Murchison region of Western Australia.

Tungsten Mining Fundamentals Summary

How do Tungsten Mining's earnings and revenue compare to its market cap?
TGN fundamental statistics
Market CapAU$110.10m
Earnings (TTM)-AU$4.72m
Revenue (TTM)AU$143.48k

805.6x

P/S Ratio

-24.2x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
TGN income statement (TTM)
RevenueAU$143.48k
Cost of RevenueAU$0
Gross ProfitAU$143.48k
ExpensesAU$4.87m
Earnings-AU$4.72m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)-0.006
Gross Margin100.00%
Net Profit Margin-3,291.62%
Debt/Equity Ratio0%

How did TGN perform over the long term?

See historical performance and comparison

Valuation

Is Tungsten Mining undervalued compared to its fair value and its price relative to the market?

2.81x

Price to Book (PB) ratio


Share Price vs. Fair Value

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

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


Price To Earnings Ratio

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

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


Price to Book Ratio

PB vs Industry: TGN is overvalued based on its PB Ratio (2.8x) compared to the AU Metals and Mining industry average (2.5x).


Future Growth

How is Tungsten Mining forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

-0.009%

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 Tungsten Mining 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 Tungsten Mining performed over the past 5 years?

-24.8%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: TGN is currently unprofitable.

Growing Profit Margin: TGN is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: TGN is unprofitable, and losses have increased over the past 5 years at a rate of 24.8% per year.

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

Earnings vs Industry: TGN 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: TGN has a negative Return on Equity (-11.66%), as it is currently unprofitable.


Financial Health

How is Tungsten Mining's financial position?


Financial Position Analysis

Short Term Liabilities: TGN's short term assets (A$19.7M) exceed its short term liabilities (A$1.5M).

Long Term Liabilities: TGN's short term assets (A$19.7M) exceed its long term liabilities (A$858.2K).


Debt to Equity History and Analysis

Debt Level: TGN is debt free.

Reducing Debt: TGN has no debt compared to 5 years ago when its debt to equity ratio was 35.6%.


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

Forecast Cash Runway: TGN has sufficient cash runway for more than 3 years if free cash flow continues to reduce at historical rates of 25.8% each year


Dividend

What is Tungsten Mining current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

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

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

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

6.8yrs

Average management tenure


CEO

Craig Ferrier (59 yo)

7.17yrs

Tenure

AU$365,528

Compensation

Mr. Craig John Ferrier, B.Bus, CPA, has been the Chief Executive Officer of Tungsten Mining NL since July 31, 2014. Mr. Ferrier served as the Chief Executive Officer of GWR Group Limited since March 12, 20...


CEO Compensation Analysis

Compensation vs Market: Craig's total compensation ($USD269.27K) is about average for companies of similar size in the Australian market ($USD300.22K).

Compensation vs Earnings: Craig's compensation has been consistent with company performance over the past year.


Leadership Team

Experienced Management: TGN's management team is seasoned and experienced (6.8 years average tenure).


Board Members

Experienced Board: TGN's board of directors are considered experienced (5.7 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

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 2.1%.


Top Shareholders

Company Information

Tungsten Mining NL's employee growth, exchange listings and data sources


Key Information

  • Name: Tungsten Mining NL
  • Ticker: TGN
  • Exchange: ASX
  • Founded: 2011
  • Industry: Diversified Metals and Mining
  • Sector: Materials
  • Market Cap: AU$110.098m
  • Shares outstanding: 786.41m
  • Website: https://www.tungstenmining.com

Location

  • Tungsten Mining NL
  • 46 Colin Street
  • Level 4
  • West Perth
  • Western Australia
  • 6005
  • Australia

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/14 07:04
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.