Tanga Resources Limited engages in the exploration and production of gold, copper, and base metal properties in Namibia.
+ 2 more risks
Adequate balance sheet and overvalued.
Share Price & News
How has Tanga Resources's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: TRL's share price has been volatile over the past 3 months.
7 Day Return
AU Metals and Mining
1 Year Return
AU Metals and Mining
Return vs Industry: TRL underperformed the Australian Metals and Mining industry which returned 2.9% over the past year.
Return vs Market: TRL underperformed the Australian Market which returned 11.6% over the past year.
Price Volatility Vs. Market
How volatile is Tanga Resources's share price compared to the market and industry in the last 5 years?
Simply Wall St News
2 weeks ago | Simply Wall StAre Insiders Buying Tanga Resources Limited (ASX:TRL) Stock?
6 months ago | Simply Wall StHave Insiders Been Buying Tanga Resources Limited (ASX:TRL) Shares This Year?
8 months ago | Simply Wall StDid Changing Sentiment Drive Tanga Resources's (ASX:TRL) Share Price Down A Disastrous 98%?
Is Tanga Resources 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 TRL's fair value to establish if it is undervalued.
Significantly Below Fair Value: Insufficient data to calculate TRL's fair value to establish if it is undervalued.
Price To Earnings Ratio
PE vs Industry: TRL is unprofitable, so we can't compare its PE Ratio to the Metals and Mining industry average.
PE vs Market: TRL 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 TRL's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: TRL is good value based on its PB Ratio (0.6x) compared to the AU Metals and Mining industry average (1.4x).
How is Tanga Resources 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 Tanga Resources 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.
- Examine Tanga Resources's financial health to determine how well-positioned it is against times of financial stress by looking at its level of debt over time and how much cash it has left.
- Tanga Resources competitive advantages and company strategy can generally be found in its financial reports archived here.
- Explore growth companies in the Materials industry.
How has Tanga Resources performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: TRL is currently unprofitable.
Growing Profit Margin: TRL is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: TRL is unprofitable, and losses have increased over the past 5 years at a rate of -54.4% per year.
Accelerating Growth: Unable to compare TRL's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: TRL is unprofitable, making it difficult to compare its past year earnings growth to the Metals and Mining industry (14.8%).
Return on Equity
High ROE: TRL has a negative Return on Equity (-392.1%), as it is currently unprofitable.
How is Tanga Resources's financial position?
Financial Position Analysis
Short Term Liabilities: TRL's short term assets (A$683.6K) exceed its short term liabilities (A$217.5K).
Long Term Liabilities: TRL has no long term liabilities.
Debt to Equity History and Analysis
Debt Level: TRL is debt free.
Reducing Debt: TRL had no debt 5 years ago.
Inventory Level: TRL has a high level of physical assets or inventory.
Debt Coverage by Assets: Insufficient data to determine if TRL's debt is covered by short term assets.
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: TRL has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: TRL has less than a year of cash runway if free cash flow continues to reduce at historical rates of -16.8% each year
What is Tanga Resources's current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Notable Dividend: Unable to evaluate TRL's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.
High Dividend: Unable to evaluate TRL's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if TRL's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if TRL'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 TRL'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 board tenure
Matthew Bowles 0
Mr. Matthew Bowles, B Bus, B.Com, CPA, ASA, FFin, has been Chief Executive Officer at Tanga Resources Limited since June 01, 2017 and has been its Executive Director since October 2019. Mr. Bowles has been ...
CEO Compensation Analysis
Compensation vs Market: Matthew's total compensation ($USD173.84K) is below average for companies of similar size in the Australian market ($USD251.50K).
Compensation vs Earnings: Matthew's compensation has been consistent with company performance over the past year.
|CEO & Executive Director||2.6yrs||AU$262.80k||no data|
|Technical Director & Director||6.2yrs||AU$116.14k||1.18% A$33.0k|
|Independent Chairman of the Board||1.2yrs||AU$18.00k||5.39% A$150.9k|
|Director||1.2yrs||no data||no data|
Experienced Board: TRL's board of directors are not considered experienced ( 1.2 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 substantially diluted in the past year, with total shares outstanding growing by 94.9%.
Tanga Resources Limited's company bio, employee growth, exchange listings and data sources
- Name: Tanga Resources Limited
- Ticker: TRL
- Exchange: ASX
- Industry: Diversified Metals and Mining
- Sector: Materials
- Market Cap: AU$2.802m
- Shares outstanding: 1.87b
- Website: https://www.tangaresources.com.au
- Tanga Resources Limited
- 12 - 14 Thelma Street
- Suite 9
- West Perth
- Western Australia
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|TRLDA||ASX (Australian Securities Exchange)||NPV DFD 18/03/20(EX-SPLIT)||AU||AUD||No data|
|TRL||ASX (Australian Securities Exchange)||NPV||AU||AUD||No data|
|TRL||ASX (Australian Securities Exchange)||Yes||Ordinary Shares||AU||AUD||Mar 2011|
|TRL||CHIA (Chi-X Australia)||Yes||Ordinary Shares||AU||AUD||Mar 2011|
Tanga Resources Limited engages in the exploration and production of gold, copper, and base metal properties in Namibia. It holds interests in the Joumbira zinc-lead-silver project covering approximately 210 square kilometers located in central Namibia; the Hanang gold project covering approximately 400 square kilometers located in Tanzania; and the Hagenhof copper-cobalt project covering 197.26 square kilometers, as well as the Katerina gold project located within the Damara Belt in central northern Namibia. The company is based in West Perth, Australia.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/02/25 10:36|
|End of Day Share Price||2020/02/25 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.