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TNG

TNGASX:TNG Stock Report

Market Cap

AU$156.2m

7D

52.9%

1Y

13.0%

Updated

26 Oct, 2021

Data

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

TNG Overview

TNG Limited engages in the exploration, evaluation, and development of mineral properties in Australia.

TNG Competitors

Pilbara Minerals

ASX:PLS

AU$6.2b

Orocobre

ASX:ORE

AU$5.9b

Iluka Resources

ASX:ILU

AU$4.0b

Galaxy Resources

ASX:GXY

AU$2.7b

Price History & Performance

Summary of all time highs, changes and price drops for TNG
Historical stock prices
Current Share PriceAU$0.13
52 Week HighAU$0.055
52 Week LowAU$0.13
Beta0.44
1 Month Change60.49%
3 Month Change88.41%
1 Year Change13.04%
3 Year Change13.04%
5 Year Change-13.33%
Change since IPO-63.23%

Recent News & Updates

Sep 06
Is TNG (ASX:TNG) In A Good Position To Invest In Growth?

Is TNG (ASX:TNG) In A Good Position To Invest In Growth?

There's no doubt that money can be made by owning shares of unprofitable businesses. For example, although Amazon.com...

May 13
Will TNG (ASX:TNG) Spend Its Cash Wisely?

Will TNG (ASX:TNG) Spend Its Cash Wisely?

Even when a business is losing money, it's possible for shareholders to make money if they buy a good business at the...

Shareholder Returns

TNGAU Metals and MiningAU Market
7D52.9%-0.4%0.8%
1Y13.0%15.6%24.4%

Return vs Industry: TNG underperformed the Australian Metals and Mining industry which returned 15.6% over the past year.

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

Price Volatility

Is TNG's price volatile compared to industry and market?
TNG volatility
TNG Beta0.44
Industry Beta0.97
Market Beta1

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

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

About the Company

FoundedEmployeesCEOWebsite
1970n/aPaul Burtonhttps://www.tngltd.com.au

TNG Limited engages in the exploration, evaluation, and development of mineral properties in Australia. It explores for iron ore, vanadium, titanium, nickel, and cobalt deposits. The company’s flagship property is the Mount Peake project located to the north-west of Alice Springs in the Northern Territory.

TNG Fundamentals Summary

How do TNG's earnings and revenue compare to its market cap?
TNG fundamental statistics
Market CapAU$156.19m
Earnings (TTM)-AU$2.90m
Revenue (TTM)AU$184.00k

928.6x

P/S Ratio

-56.0x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
TNG income statement (TTM)
RevenueAU$184.00k
Cost of RevenueAU$0
Gross ProfitAU$184.00k
ExpensesAU$3.09m
Earnings-AU$2.90m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)-0.0023
Gross Margin100.00%
Net Profit Margin-1,578.80%
Debt/Equity Ratio0%

How did TNG perform over the long term?

See historical performance and comparison

Valuation

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

2.57x

Price to Book (PB) ratio


Share Price vs. Fair Value

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

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


Price To Earnings Ratio

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

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


Price to Book Ratio

PB vs Industry: TNG's PB Ratio (2.6x) is in line with the AU Metals and Mining industry average.


Future Growth

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

-0.5%

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 TNG 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 TNG performed over the past 5 years?

20.9%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: TNG is currently unprofitable.

Growing Profit Margin: TNG is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: TNG is unprofitable, but has reduced losses over the past 5 years at a rate of 20.9% per year.

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

Earnings vs Industry: TNG 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: TNG has a negative Return on Equity (-4.59%), as it is currently unprofitable.


Financial Health

How is TNG's financial position?


Financial Position Analysis

Short Term Liabilities: TNG's short term assets (A$12.6M) exceed its short term liabilities (A$2.7M).

Long Term Liabilities: TNG's short term assets (A$12.6M) exceed its long term liabilities (A$101.0K).


Debt to Equity History and Analysis

Debt Level: TNG is debt free.

Reducing Debt: TNG 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: TNG has less than a year of cash runway based on its current free cash flow.

Forecast Cash Runway: TNG has sufficient cash runway for 1 years if free cash flow continues to reduce at historical rates of 12.3% each year.


Dividend

What is TNG current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

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

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

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

2.5yrs

Average management tenure


CEO

Paul Burton

12.75yrs

Tenure

AU$709,093

Compensation

Mr. Paul Edward Burton, M.S., is the Chief Executive Officer at TNG Ltd since April 2019 and its Managing Director since 2009 and its a Director since August 11, 2008. Mr. Burton has been a Non-Executive D...


CEO Compensation Analysis

Compensation vs Market: Paul's total compensation ($USD531.55K) is above average for companies of similar size in the Australian market ($USD301.38K).

Compensation vs Earnings: Paul's compensation has increased whilst the company is unprofitable.


Leadership Team

Experienced Management: TNG's management team is considered experienced (2.5 years average tenure).


Board Members

Experienced Board: TNG's board of directors are not considered experienced ( 2.7 years average tenure), which suggests a new board.


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 11.1%.


Top Shareholders

Company Information

TNG Limited's employee growth, exchange listings and data sources


Key Information

  • Name: TNG Limited
  • Ticker: TNG
  • Exchange: ASX
  • Founded: 1970
  • Industry: Diversified Metals and Mining
  • Sector: Materials
  • Market Cap: AU$156.187m
  • Shares outstanding: 1.25b
  • Website: https://www.tngltd.com.au

Location

  • TNG Limited
  • 22 Railway Road
  • Suite 20
  • Subiaco
  • Western Australia
  • 6008
  • 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 07:02
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.