TNG Limited engages in the exploration, evaluation, and development of mineral properties in Australia.
Price History & Performance
|Historical stock prices|
|Current Share Price||AU$0.13|
|52 Week High||AU$0.055|
|52 Week Low||AU$0.13|
|1 Month Change||60.49%|
|3 Month Change||88.41%|
|1 Year Change||13.04%|
|3 Year Change||13.04%|
|5 Year Change||-13.33%|
|Change since IPO||-63.23%|
Recent News & Updates
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...
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...
|TNG||AU Metals and Mining||AU Market|
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.
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
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
|TNG fundamental statistics|
Is TNG overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|TNG income statement (TTM)|
|Cost of Revenue||AU$0|
Last Reported Earnings
Jun 30, 2021
Next Earnings Date
|Earnings per share (EPS)||-0.0023|
|Net Profit Margin||-1,578.80%|
How did TNG perform over the long term?See historical performance and comparison
Is TNG undervalued compared to its fair value and its price relative to the market?
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.
How is TNG forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
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.
How has TNG performed over the past 5 years?
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.
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$101.0K).
Debt to Equity History and Analysis
Debt Level: TNG is debt free.
Reducing Debt: TNG has not had any debt for past 5 years.
Cash Runway Analysis
For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: TNG has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: TNG has sufficient cash runway for 1 years if free cash flow continues to reduce at historical rates of 12.3% each year.
What is TNG current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Notable Dividend: Unable to evaluate TNG's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate TNG's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if TNG's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if TNG's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of TNG's dividend in 3 years as they are not forecast to pay a notable one for the Australian market.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Mr. Paul Edward Burton, M.S., is the Chief Executive Officer at TNG Ltd since April 2019 and its Managing Director since 2009 and its a Director since August 11, 2008. Mr. Burton has been a Non-Executive D...
CEO Compensation Analysis
Compensation vs Market: Paul's total compensation ($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.
Experienced Management: TNG's management team is considered experienced (2.5 years average tenure).
Experienced Board: TNG's board of directors are not considered experienced ( 2.7 years average tenure), which suggests a new board.
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
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 11.1%.
TNG Limited's employee growth, exchange listings and data sources
- 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
- TNG Limited
- 22 Railway Road
- Suite 20
- Western Australia
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/10/26 07:02|
|End of Day Share Price||2021/10/26 00:00|
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.