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TMG

Trigg MiningASX:TMG Stock Report

Market Cap

AU$9.8m

7D

-5.6%

1Y

-42.1%

Updated

26 Oct, 2021

Data

Company Financials
TMG fundamental analysis
Snowflake Score
Valuation1/6
Future Growth0/6
Past Performance0/6
Financial Health5/6
Dividends0/6

TMG Overview

Trigg Mining Limited operates as an exploration company in Australia.

Price History & Performance

Summary of all time highs, changes and price drops for Trigg Mining
Historical stock prices
Current Share PriceAU$0.084
52 Week HighAU$0.076
52 Week LowAU$0.19
Beta3.43
1 Month Change-23.64%
3 Month Change-6.67%
1 Year Change-42.07%
3 Year Changen/a
5 Year Changen/a
Change since IPO-40.00%

Recent News & Updates

Feb 04
Trigg Mining Limited (ASX:TMG) Insiders Increased Their Holdings

Trigg Mining Limited (ASX:TMG) 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

TMGAU ChemicalsAU Market
7D-5.6%1.0%0.8%
1Y-42.1%17.9%24.4%

Return vs Industry: TMG underperformed the Australian Chemicals industry which returned 17.9% over the past year.

Return vs Market: TMG underperformed the Australian Market which returned 24.4% over the past year.

Price Volatility

Is TMG's price volatile compared to industry and market?
TMG volatility
TMG Beta3.43
Industry Beta0.80
Market Beta1

Stable Share Price: TMG is not significantly more volatile than the rest of Australian stocks over the past 3 months, typically moving +/- 11% a week.

Volatility Over Time: TMG's weekly volatility (11%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
2014n/aKeren Patersonhttps://www.triggmining.com.au

Trigg Mining Limited operates as an exploration company in Australia. The company is involved in exploring and evaluating sulphate of potash projects for use in agricultural production and human nutrition for chloride sensitive crops, such as avocados, berries, coffee, cocoa, flowers, and other crops grown under glass, as well as for fruits and vegetables. Its flagship project is the Lake Throssell project, which covers an area of approximately 1080 square kilometers located near Laverton, Western Australia.

Trigg Mining Fundamentals Summary

How do Trigg Mining's earnings and revenue compare to its market cap?
TMG fundamental statistics
Market CapAU$9.80m
Earnings (TTM)-AU$3.46m
Revenue (TTM)n/a

0x

P/S Ratio

-2.8x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
TMG income statement (TTM)
RevenueAU$0
Cost of RevenueAU$0
Gross ProfitAU$0
ExpensesAU$3.46m
Earnings-AU$3.46m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)-0.03
Gross Margin0.00%
Net Profit Margin0.00%
Debt/Equity Ratio0%

How did TMG perform over the long term?

See historical performance and comparison

Valuation

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

2.39x

Price to Book (PB) ratio


Share Price vs. Fair Value

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

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


Price To Earnings Ratio

PE vs Industry: TMG is unprofitable, so we can't compare its PE Ratio to the Australian Chemicals industry average.

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


Price to Book Ratio

PB vs Industry: TMG is good value based on its PB Ratio (2.4x) compared to the AU Chemicals industry average (3.9x).


Future Growth

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

30.1%

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 Trigg 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 Trigg Mining performed over the past 5 years?

-24.4%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: TMG is currently unprofitable.

Growing Profit Margin: TMG is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: TMG is unprofitable, and losses have increased over the past 5 years at a rate of 24.4% per year.

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

Earnings vs Industry: TMG is unprofitable, making it difficult to compare its past year earnings growth to the Chemicals industry (-61.8%).


Return on Equity

High ROE: TMG has a negative Return on Equity (-84.26%), as it is currently unprofitable.


Financial Health

How is Trigg Mining's financial position?


Financial Position Analysis

Short Term Liabilities: TMG's short term assets (A$4.4M) exceed its short term liabilities (A$341.7K).

Long Term Liabilities: TMG has no long term liabilities.


Debt to Equity History and Analysis

Debt Level: TMG is debt free.

Reducing Debt: TMG has not had any debt for past 5 years.


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: TMG has sufficient cash runway for more than a year based on its current free cash flow.

Forecast Cash Runway: TMG has less than a year of cash runway if free cash flow continues to reduce at historical rates of 44.5% each year


Dividend

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


Dividend Yield vs Market

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

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

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

3.3yrs

Average management tenure


CEO

Keren Paterson (45 yo)

7.67yrs

Tenure

AU$312,740

Compensation

Ms. Keren Jane Paterson, BEng (Mining), MBA (Economics), AdvDip (Corporate Governance), FAusIMM, MAICD, serves as Managing Director and Chief Executive Officer of Trigg Mining Ltd. since February 26, 2014...


CEO Compensation Analysis

Compensation vs Market: Keren's total compensation ($USD234.74K) is about average for companies of similar size in the Australian market ($USD301.38K).

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


Leadership Team

Experienced Management: TMG's management team is considered experienced (3.3 years average tenure).


Board Members

Experienced Board: TMG's board of directors are considered experienced (4.4 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 47%.


Top Shareholders

Company Information

Trigg Mining Limited's employee growth, exchange listings and data sources


Key Information

  • Name: Trigg Mining Limited
  • Ticker: TMG
  • Exchange: ASX
  • Founded: 2014
  • Industry: Fertilizers and Agricultural Chemicals
  • Sector: Materials
  • Market Cap: AU$9.798m
  • Shares outstanding: 116.64m
  • Website: https://www.triggmining.com.au

Location

  • Trigg Mining Limited
  • Office E, 1139 Hay Street
  • Level 1
  • 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 Analysis2021/10/26 16:30
End of Day Share Price2021/10/26 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.