ASX:TRL

Stock Analysis Report

Executive Summary

Tanga Resources Limited engages in the exploration and production of gold, copper, and base metal properties in Namibia.


Snowflake Analysis

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.


Market Performance


7 Day Return

0%

TRL

-1.2%

AU Metals and Mining

-2.2%

AU Market


1 Year Return

-66.7%

TRL

2.9%

AU Metals and Mining

11.6%

AU Market

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.


Shareholder returns

TRLIndustryMarket
7 Day0%-1.2%-2.2%
30 Day-50.0%-6.0%-2.2%
90 Day-50.0%1.9%2.2%
1 Year-66.7%-66.7%8.2%2.9%16.5%11.6%
3 Year-96.9%-97.1%54.8%35.8%36.2%18.1%
5 Year-95.7%-96.2%77.7%35.7%46.7%14.1%

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

Valuation

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

0.62x

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).


Next Steps

Future Growth

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

-1.0%

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.


Next Steps

Past Performance

How has Tanga Resources performed over the past 5 years?

-54.4%

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.


Next Steps

Financial Health

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.


Balance Sheet

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


Next Steps

Dividend

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.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

1.2yrs

Average board tenure


CEO

Matthew Bowles 0

2.6yrs

Tenure

AU$262,800

Compensation

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.


Board Members

NamePositionTenureCompensationOwnership
Matthew Bowles
CEO & Executive Director2.6yrsAU$262.80kno data
John Stockley
Technical Director & Director6.2yrsAU$116.14k1.18% A$33.0k
Nigel Lafferty
Independent Chairman of the Board1.2yrsAU$18.00k5.39% A$150.9k
Leslie Ingraham
Director1.2yrsno datano data

1.2yrs

Average Tenure

Experienced Board: TRL's board of directors are not considered experienced ( 1.2 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 substantially diluted in the past year, with total shares outstanding growing by 94.9%.


Top Shareholders

Company Information

Tanga Resources Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Tanga Resources Limited
  • Ticker: TRL
  • Exchange: ASX
  • Founded:
  • Industry: Diversified Metals and Mining
  • Sector: Materials
  • Market Cap: AU$2.802m
  • Shares outstanding: 1.87b
  • Website: https://www.tangaresources.com.au

Location

  • Tanga Resources Limited
  • 12 - 14 Thelma Street
  • Suite 9
  • West Perth
  • Western Australia
  • 6005
  • Australia

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
TRLDAASX (Australian Securities Exchange)NPV DFD 18/03/20(EX-SPLIT)AUAUDNo data
TRLASX (Australian Securities Exchange)NPVAUAUDNo data
TRLASX (Australian Securities Exchange)YesOrdinary SharesAUAUDMar 2011
TRLCHIA (Chi-X Australia)YesOrdinary SharesAUAUDMar 2011

Biography

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

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/02/25 10:36
End of Day Share Price2020/02/25 00:00
Earnings2019/06/30
Annual Earnings2019/06/30


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.