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TUL

Tulla ResourcesASX:TUL Stock Report

Market Cap

AU$141.3m

7D

12.5%

1Y

n/a

Updated

18 Oct, 2021

Data

Company Financials +
TUL fundamental analysis
Snowflake Score
Valuation3/6
Future Growth6/6
Past Performance0/6
Financial Health6/6
Dividends0/6

TUL Overview

Tulla Resources Plc explores for, evaluates, and develops gold property in Australia.

Price History & Performance

Summary of all time highs, changes and price drops for Tulla Resources
Historical stock prices
Current Share PriceAU$0.49
52 Week HighAU$0.39
52 Week LowAU$0.69
Beta0
1 Month Change10.00%
3 Month Change-10.81%
1 Year Changen/a
3 Year Changen/a
5 Year Changen/a
Change since IPO-45.00%

Recent News & Updates

Shareholder Returns

TULAU Metals and MiningAU Market
7D12.5%4.3%0.9%
1Yn/a12.2%20.2%

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

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

Price Volatility

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

Stable Share Price: TUL is not significantly more volatile than the rest of Australian stocks over the past 3 months, typically moving +/- 10% a week.

Volatility Over Time: TUL's weekly volatility (10%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
20063n/ahttps://tullaresources.com

Tulla Resources Plc explores for, evaluates, and develops gold property in Australia. It holds 50% interest in the Norseman Gold project that comprises 146 near-contiguous mining tenements located in the Eastern Goldfields of Western Australia. The company was formerly known as Norseman Gold Plc and changed its name to Tulla Resources Plc in December 2020.

Tulla Resources Fundamentals Summary

How do Tulla Resources's earnings and revenue compare to its market cap?
TUL fundamental statistics
Market CapAU$141.32m
Earnings (TTM)-AU$1.60k
Revenue (TTM)AU$217.05k

618.8x

P/S Ratio

0x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
TUL income statement (TTM)
RevenueAU$217.05k
Cost of RevenueAU$43.08k
Gross ProfitAU$173.96k
ExpensesAU$175.57k
Earnings-AU$1.60k

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)0
Gross Margin80.15%
Net Profit Margin-0.74%
Debt/Equity Ratio0.0%

How did TUL perform over the long term?

See historical performance and comparison

Valuation

Is Tulla 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: TUL (A$0.5) is trading below our estimate of fair value (A$3.17)

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


Price To Earnings Ratio

PE vs Industry: Insufficient data to calculate TUL's PE Ratio to determine if it is good value compared to the Australian Metals and Mining industry average.

PE vs Market: Insufficient data to calculate TUL's PE Ratio to determine if it is good value compared to the Australian market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate TUL's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: TUL is good value based on its PB Ratio (2.3x) compared to the AU Metals and Mining industry average (2.6x).


Future Growth

How is Tulla Resources forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?

137.4%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: TUL is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (1.9%).

Earnings vs Market: TUL is forecast to become profitable over the next 3 years, which is considered above average market growth.

High Growth Earnings: TUL's is expected to become profitable in the next 3 years.

Revenue vs Market: TUL's revenue (134.4% per year) is forecast to grow faster than the Australian market (5.5% per year).

High Growth Revenue: TUL's revenue (134.4% per year) is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: TUL's Return on Equity is forecast to be very high in 3 years time (67.5%).


Past Performance

How has Tulla Resources performed over the past 5 years?

46.3%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: TUL is currently unprofitable.

Growing Profit Margin: TUL is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: TUL is unprofitable, but has reduced losses over the past 5 years at a rate of 46.3% per year.

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

Earnings vs Industry: TUL 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: TUL has a negative Return on Equity (-0.002%), as it is currently unprofitable.


Financial Health

How is Tulla Resources's financial position?


Financial Position Analysis

Short Term Liabilities: TUL's short term assets (A$70.9M) exceed its short term liabilities (A$4.0M).

Long Term Liabilities: TUL's short term assets (A$70.9M) exceed its long term liabilities (A$14.3M).


Debt to Equity History and Analysis

Debt Level: TUL is debt free.

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

Debt Coverage: TUL has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: TUL has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet


Dividend

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


Dividend Yield vs Market

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

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

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

0.7yrs

Average board tenure


CEO

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


Board Members

Experienced Board: TUL's board of directors are not considered experienced ( 0.7 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: TUL only recently listed within the past 12 months.


Top Shareholders

Company Information

Tulla Resources Plc's employee growth, exchange listings and data sources


Key Information

  • Name: Tulla Resources Plc
  • Ticker: TUL
  • Exchange: ASX
  • Founded: 2006
  • Industry: Gold
  • Sector: Materials
  • Market Cap: AU$141.316m
  • Shares outstanding: 269.17m
  • Website: https://tullaresources.com

Number of Employees


Location

  • Tulla Resources Plc
  • 2 Grosvenor Street
  • Suite 5
  • Bondi Junction
  • New South Wales
  • 2022
  • Australia

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/18 07:05
End of Day Share Price2021/10/18 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.