ASX:TRY

Stock Analysis Report

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Executive Summary

Troy Resources Limited engages in the exploration and production of gold in South America.


Snowflake Analysis

Adequate balance sheet and slightly overvalued.


Similar Companies

Share Price & News

How has Troy Resources's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: TRY's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

1.1%

TRY

3.1%

AU Metals and Mining

4.0%

AU Market


1 Year Return

-7.4%

TRY

5.0%

AU Metals and Mining

-7.0%

AU Market

Return vs Industry: TRY underperformed the Australian Metals and Mining industry which returned 5% over the past year.

Return vs Market: TRY matched the Australian Market which returned -7% over the past year.


Shareholder returns

TRYIndustryMarket
7 Day1.1%3.1%4.0%
30 Day15.8%17.3%12.2%
90 Day0%14.2%-2.5%
1 Year-7.4%-7.4%10.6%5.0%-3.1%-7.0%
3 Year8.6%8.6%71.4%48.1%19.0%3.3%
5 Year-73.4%-74.1%100.8%60.4%33.9%5.0%

Price Volatility Vs. Market

How volatile is Troy Resources's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

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

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: TRY (A$0.09) is trading below our estimate of fair value (A$1.29)

Significantly Below Fair Value: TRY is trading below fair value by more than 20%.


Price To Earnings Ratio

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

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


Price to Book Ratio

PB vs Industry: TRY is overvalued based on its PB Ratio (2.4x) compared to the AU Metals and Mining industry average (1.6x).


Next Steps

Future Growth

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

3.2%

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 Troy 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 Troy Resources performed over the past 5 years?

2.3%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: TRY is currently unprofitable.

Growing Profit Margin: TRY is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: TRY is unprofitable, but has reduced losses over the past 5 years at a rate of 2.3% per year.

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

Earnings vs Industry: TRY is unprofitable, making it difficult to compare its past year earnings growth to the Metals and Mining industry (-7.9%).


Return on Equity

High ROE: TRY has a negative Return on Equity (-107.5%), as it is currently unprofitable.


Next Steps

Financial Health

How is Troy Resources's financial position?


Financial Position Analysis

Short Term Liabilities: TRY's short term assets (A$14.3M) do not cover its short term liabilities (A$28.2M).

Long Term Liabilities: TRY's short term assets (A$14.3M) exceed its long term liabilities (A$4.8M).


Debt to Equity History and Analysis

Debt Level: TRY's debt to equity ratio (6.5%) is considered satisfactory.

Reducing Debt: TRY's debt to equity ratio has reduced from 34.4% to 6.5% over the past 5 years.


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

Forecast Cash Runway: Insufficient data to determine if TRY has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.


Next Steps

Dividend

What is Troy Resources's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

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

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

Growing Dividend: Insufficient data to determine if TRY's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: TRY is not paying a notable dividend for the Australian market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of TRY'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?

3.0yrs

Average board tenure


CEO

Ken Nilsson (79yo)

3.08yrs

Tenure

AU$532,726

Compensation

Mr. Ken Krister Nilsson, B.Eng, Cert of Eng has been Chief Executive Officer and Managing Director of Troy Resources Limited (alternately Troy Resources NL) since June 7, 2017 and served as its Executive D ...


CEO Compensation Analysis

Compensation vs Market: Ken's total compensation ($USD372.17K) is above average for companies of similar size in the Australian market ($USD261.07K).

Compensation vs Earnings: Ken's compensation has been consistent with company performance over the past year.


Board Members

NamePositionTenureCompensationOwnership
Ken Nilsson
CEO, MD & Executive Director3.08yrsAU$532.73k0.18% A$98.4k
Richard Beazley
Non-Executive Director1.67yrsAU$59.13kno data
Peter Stern
Independent Non-Executive Chairman3yrsAU$150.34k0.046% A$25.8k

3.0yrs

Average Tenure

Experienced Board: TRY's board of directors are considered experienced (3 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: Shareholders have been diluted in the past year, with total shares outstanding growing by 6.8%.


Top Shareholders

Company Information

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


Key Information

  • Name: Troy Resources Limited
  • Ticker: TRY
  • Exchange: ASX
  • Founded: 1984
  • Industry: Gold
  • Sector: Materials
  • Market Cap: AU$55.622m
  • Shares outstanding: 632.06m
  • Website: https://www.troyres.com.au

Number of Employees


Location

  • Troy Resources Limited
  • 5 Ord Street
  • Level 2
  • West Perth
  • Western Australia
  • 6005
  • Australia

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
TRYASX (Australian Securities Exchange)YesOrdinary SharesAUAUDJan 1992
TRYR.FOTCPK (Pink Sheets LLC)YesOrdinary SharesUSUSDJan 1992
TRWDB (Deutsche Boerse AG)YesOrdinary SharesDEEURJan 1992
TRYCHIA (Chi-X Australia)YesOrdinary SharesAUAUDJan 1992
TRYCHIA (Chi-X Australia)YesOrdinary SharesAUAUDJan 1992

Biography

Troy Resources Limited engages in the exploration and production of gold in South America. It primarily holds interests in the Karouni gold project located in Guyana, as well as has interest Ohio Creek Prospect Guyana. The company was founded in 1984 and 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 Analysis2020/06/06 10:35
End of Day Share Price2020/06/05 00:00
Earnings2019/12/31
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.