company background image
TRL

Tanga ResourcesASX:TRL Stock Report

Market Cap

AU$17.4m

7D

20.5%

1Y

-16.1%

Updated

26 Oct, 2021

Data

Company Financials
TRL fundamental analysis
Snowflake Score
Valuation1/6
Future Growth0/6
Past Performance0/6
Financial Health6/6
Dividends0/6

TRL Overview

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

Price History & Performance

Summary of all time highs, changes and price drops for Tanga Resources
Historical stock prices
Current Share PriceAU$0.047
52 Week HighAU$0.031
52 Week LowAU$0.059
Beta1.14
1 Month Change17.50%
3 Month Change38.24%
1 Year Change-16.07%
3 Year Change-41.25%
5 Year Change-95.39%
Change since IPO-99.02%

Recent News & Updates

Nov 25
How Many Tanga Resources Limited (ASX:TRL) Shares Did Insiders Buy, In The Last Year?

How Many Tanga Resources Limited (ASX:TRL) Shares Did Insiders Buy, In The Last Year?

We've lost count of how many times insiders have accumulated shares in a company that goes on to improve markedly...

Shareholder Returns

TRLAU Metals and MiningAU Market
7D20.5%-0.06%0.4%
1Y-16.1%15.4%24.3%

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

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

Price Volatility

Is TRL's price volatile compared to industry and market?
TRL volatility
TRL Beta1.14
Industry Beta0.97
Market Beta1

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

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

About the Company

FoundedEmployeesCEOWebsite
2010n/an/ahttps://www.tangaresources.com.au

Tanga Resources Limited engages in the exploration and production of gold, copper, and base metal properties in Namibia. It primarily focuses on exploration of the the Côte d’Ivoire projects, which comprise the Bouaflé, Mankono, and Issia and Bocanda projects, which covers an area of 3,038 square kilometers in southern Côte d’Ivoire. Tanga Resources Limited was incorporated in 2010 and is headquartered in Subiaco, Australia.

Tanga Resources Fundamentals Summary

How do Tanga Resources's earnings and revenue compare to its market cap?
TRL fundamental statistics
Market CapAU$17.40m
Earnings (TTM)-AU$2.17m
Revenue (TTM)AU$227.97k

77.0x

P/S Ratio

-8.0x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
TRL income statement (TTM)
RevenueAU$227.97k
Cost of RevenueAU$0
Gross ProfitAU$227.97k
ExpensesAU$2.39m
Earnings-AU$2.17m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)-0.0059
Gross Margin100.00%
Net Profit Margin-950.37%
Debt/Equity Ratio0.0%

How did TRL perform over the long term?

See historical performance and comparison

Valuation

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

2.1x

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 Australian 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 (2.1x) compared to the AU Metals and Mining industry average (2.6x).


Future Growth

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

-0.3%

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.


Past Performance

How has Tanga Resources performed over the past 5 years?

-2.7%

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 2.7% 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 (35.3%).


Return on Equity

High ROE: TRL has a negative Return on Equity (-26.13%), as it is currently unprofitable.


Financial Health

How is Tanga Resources's financial position?


Financial Position Analysis

Short Term Liabilities: TRL's short term assets (A$5.3M) exceed its short term liabilities (A$192.1K).

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


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

Forecast Cash Runway: TRL has sufficient cash runway for more than 3 years if free cash flow continues to reduce at historical rates of 3.6% each year


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 recent payouts.

High Dividend: Unable to evaluate TRL'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 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?

1.5yrs

Average management tenure


CEO

Tanga Resources has no CEO, or we have no data on them.


Leadership Team

Experienced Management: TRL's management team is not considered experienced ( 1.5 years average tenure), which suggests a new team.


Board Members

Experienced Board: TRL's board of directors are not considered experienced ( 1.1 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 116.7%.


Top Shareholders

Company Information

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


Key Information

  • Name: Tanga Resources Limited
  • Ticker: TRL
  • Exchange: ASX
  • Founded: 2010
  • Industry: Diversified Metals and Mining
  • Sector: Materials
  • Market Cap: AU$17.405m
  • Shares outstanding: 370.32m
  • Website: https://www.tangaresources.com.au

Location

  • Tanga Resources Limited
  • 63 Hay Street
  • Ground Floor
  • 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 16:26
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.