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TRN

Torrens MiningASX:TRN Stock Report

Market Cap

AU$19.5m

7D

6.3%

1Y

n/a

Updated

22 Oct, 2021

Data

Company Financials
TRN fundamental analysis
Snowflake Score
Valuation0/6
Future Growth0/6
Past Performance0/6
Financial Health6/6
Dividends0/6

TRN Overview

Torrens Mining Limited engages in the acquisition, exploration, and evaluation of mining projects.

Price History & Performance

Summary of all time highs, changes and price drops for Torrens Mining
Historical stock prices
Current Share PriceAU$0.17
52 Week HighAU$0.13
52 Week LowAU$0.34
Beta0
1 Month Change9.68%
3 Month Change-30.61%
1 Year Changen/a
3 Year Changen/a
5 Year Changen/a
Change since IPO-42.37%

Recent News & Updates

Shareholder Returns

TRNAU Metals and MiningAU Market
7D6.3%-0.3%0.7%
1Yn/a12.5%21.4%

Return vs Industry: Insufficient data to determine how TRN performed against the Australian Metals and Mining industry.

Return vs Market: Insufficient data to determine how TRN performed against the Australian Market.

Price Volatility

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

Stable Share Price: TRN is more volatile than 75% of Australian stocks over the past 3 months, typically moving +/- 12% a week.

Volatility Over Time: TRN's weekly volatility has decreased from 21% to 12% over the past year, but is still higher than 75% of Australian stocks.

About the Company

FoundedEmployeesCEOWebsite
2014n/aSteve Sheddenhttps://www.torrensmining.com

Torrens Mining Limited engages in the acquisition, exploration, and evaluation of mining projects. The company primarily explores for gold, copper, and cobalt deposits. Its flagship project is the Mount Piper gold project comprising of five exploration licenses and one exploration license application covering an area of approximately 1,609 square kilometers located in Central Victorian Goldfields, Australia.

Torrens Mining Fundamentals Summary

How do Torrens Mining's earnings and revenue compare to its market cap?
TRN fundamental statistics
Market CapAU$19.50m
Earnings (TTM)-AU$3.09m
Revenue (TTM)AU$1.47k

17.0kx

P/S Ratio

-6.3x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
TRN income statement (TTM)
RevenueAU$1.47k
Cost of RevenueAU$0
Gross ProfitAU$1.47k
ExpensesAU$3.09m
Earnings-AU$3.09m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)-0.027
Gross Margin100.00%
Net Profit Margin-209,315.88%
Debt/Equity Ratio0.0%

How did TRN perform over the long term?

See historical performance and comparison

Valuation

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

2.67x

Price to Book (PB) ratio


Share Price vs. Fair Value

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

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


Price To Earnings Ratio

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

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


Price to Book Ratio

PB vs Industry: TRN is overvalued based on its PB Ratio (2.7x) compared to the AU Metals and Mining industry average (2.6x).


Future Growth

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

-0.07%

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 Torrens Mining 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 Torrens Mining performed over the past 5 years?

-8.3%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: TRN is currently unprofitable.

Growing Profit Margin: TRN is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: TRN is unprofitable, and losses have increased over the past 5 years at a rate of 8.3% per year.

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

Earnings vs Industry: TRN 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: TRN has a negative Return on Equity (-42.21%), as it is currently unprofitable.


Financial Health

How is Torrens Mining's financial position?


Financial Position Analysis

Short Term Liabilities: TRN's short term assets (A$8.1M) exceed its short term liabilities (A$760.2K).

Long Term Liabilities: TRN has no long term liabilities.


Debt to Equity History and Analysis

Debt Level: TRN is debt free.

Reducing Debt: TRN currently has no debt however we can't compare to 5 years ago as we have no data for that period.


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: TRN has sufficient cash runway for more than 3 years based on its current free cash flow.

Forecast Cash Runway: TRN has sufficient cash runway for 2 years if free cash flow continues to reduce at historical rates of 29.8% each year.


Dividend

What is Torrens Mining current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

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

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

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

7.7yrs

Average board tenure


CEO

Steve Shedden (69 yo)

no data

Tenure

AU$251,725

Compensation

Mr. Stephen Hugh Shedden, also known as Steve, BSc (Hons)(Geol), MAICD, MAusIMM, MAIG, ASMB, serves as Chief Executive Officer and Managing Director at Torrens Mining Limited. Mr. Shedden established Torre...


CEO Compensation Analysis

Compensation vs Market: Steve's total compensation ($USD188.52K) is below average for companies of similar size in the Australian market ($USD303.33K).

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


Board Members

Experienced Board: TRN's board of directors are considered experienced (7.7 years average tenure).


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: TRN only recently listed within the past 12 months.


Top Shareholders

Company Information

Torrens Mining Limited's employee growth, exchange listings and data sources


Key Information

  • Name: Torrens Mining Limited
  • Ticker: TRN
  • Exchange: ASX
  • Founded: 2014
  • Industry: Diversified Metals and Mining
  • Sector: Materials
  • Market Cap: AU$19.499m
  • Shares outstanding: 114.70m
  • Website: https://www.torrensmining.com

Location

  • Torrens Mining Limited
  • London House
  • Level 11
  • Perth
  • Western Australia
  • 6000
  • Australia

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/22 15:49
End of Day Share Price2021/10/22 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.