ASX:TTM

Stock Analysis Report

Executive Summary

As of February 7, 2020, Titan Minerals Limited was acquired by Core Gold Inc., in a reverse merger transaction.


Snowflake Analysis

Imperfect balance sheet with weak fundamentals.

Share Price & News

How has Titan Minerals's share price performed over time and what events caused price changes?


Latest Share Price and Events

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


Market Performance


7 Day Return

-7.7%

TTM

-7.1%

AU Metals and Mining

-7.1%

AU Market


1 Year Return

-47.8%

TTM

0.1%

AU Metals and Mining

6.7%

AU Market

Return vs Industry: TTM underperformed the Australian Metals and Mining industry which returned 8.2% over the past year.

Return vs Market: TTM underperformed the Australian Market which returned 14.5% over the past year.


Shareholder returns

TTMIndustryMarket
7 Day-7.7%-7.1%-7.1%
30 Day-27.3%-7.9%-5.3%
90 Day-33.3%-3.6%-3.2%
1 Year-47.8%-47.8%4.8%0.1%11.3%6.7%
3 Yearn/a45.9%28.0%28.2%11.2%
5 Year-98.6%-98.6%74.4%33.3%40.9%9.2%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

Is Titan Minerals undervalued compared to its fair value and its price relative to the market?

2.02x

Price to Book (PB) ratio


Share Price vs. Fair Value

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

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


Price To Earnings Ratio

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

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


Price to Book Ratio

PB vs Industry: TTM is overvalued based on its PB Ratio (2x) compared to the AU Metals and Mining industry average (1.4x).


Next Steps

Future Growth

How is Titan Minerals 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 Titan Minerals 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 Titan Minerals performed over the past 5 years?

22.2%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: TTM is currently unprofitable.

Growing Profit Margin: TTM is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: TTM is unprofitable, but has reduced losses over the past 5 years at a rate of 22.2% per year.

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

Earnings vs Industry: TTM is unprofitable, making it difficult to compare its past year earnings growth to the Metals and Mining industry (14.4%).


Return on Equity

High ROE: TTM has a negative Return on Equity (-77.21%), as it is currently unprofitable.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is Titan Minerals's financial position?


Financial Position Analysis

Short Term Liabilities: TTM's short term assets (A$9.8M) do not cover its short term liabilities (A$10.1M).

Long Term Liabilities: TTM's short term assets (A$9.8M) exceed its long term liabilities (A$3.1M).


Debt to Equity History and Analysis

Debt Level: TTM's debt to equity ratio (63.8%) is considered high.

Reducing Debt: TTM's debt to equity ratio has reduced from 83.4% to 63.8% over the past 5 years.


Balance Sheet

Inventory Level: TTM has a low level of unsold assets or inventory.

Debt Coverage by Assets: TTM's debt is covered by short term assets (assets are 1x debt).


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: TTM has less than a year of cash runway based on its current free cash flow.

Forecast Cash Runway: TTM has less than a year of cash runway if free cash flow continues to reduce at historical rates of -6% each year


Next Steps

Dividend

What is Titan Minerals's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

companyn/amarketbottom25%2.5%markettop25%5.8%industryaverage4.6%forecastin3Yearsn/a

Current dividend yield vs market & industry

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

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

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


CEO

Titan Minerals has no CEO, or we have no data on them.


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 90.2%.


Top Shareholders

Company Information

Titan Minerals Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Titan Minerals Limited
  • Ticker: TTM
  • Exchange: ASX
  • Founded: 2006
  • Industry: Gold
  • Sector: Materials
  • Market Cap: AU$86.523m
  • Shares outstanding: 721.03m
  • Website: https://www.titanminerals.com.au

Location

  • Titan Minerals Limited
  • 295 Rokeby Road
  • Suite 6
  • Subiaco
  • Western Australia
  • 6008
  • Australia

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
TTMASX (Australian Securities Exchange)YesOrdinary SharesAUAUDNov 2006
M8JDB (Deutsche Boerse AG)YesOrdinary SharesDEEURNov 2006

Biography

As of February 7, 2020, Titan Minerals Limited was acquired by Core Gold Inc., in a reverse merger transaction. Titan Minerals Limited, together with its subsidiaries, engages in the exploration and development of mineral properties. It explores for gold and copper deposits. The company holds interests in the Torrecillas, Las Antas, and Coriorcco gold projects located in Southern Peru. It also holds interests in the Dynasty Goldfield, Linderos, Copper Duke, and Zaruma projects located in Ecuador. The company was formerly known as Minera Gold Limited and changed its name to Titan Minerals Limited in June 2017. Titan Minerals Limited was incorporated in 2006 and is based in Subiaco, Australia. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/02/11 08:34
End of Day Share Price2020/02/11 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


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.