WMG

Western Mines GroupASX:WMG Stock Report

Market Cap

AU$8.1m

7D

-7.5%

1Y

n/a

Updated

20 Oct, 2021

Data

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

WMG Overview

Western Mines Group Ltd, a mineral exploration company, engages in the exploration and development of mineral properties in Australia.

Price History & Performance

Summary of all time highs, changes and price drops for Western Mines Group
Historical stock prices
Current Share PriceAU$0.18
52 Week HighAU$0.16
52 Week LowAU$0.24
Beta0
1 Month Change-7.50%
3 Month Change-5.13%
1 Year Changen/a
3 Year Changen/a
5 Year Changen/a
Change since IPO-2.63%

Recent News & Updates

Shareholder Returns

WMGAU Metals and MiningAU Market
7D-7.5%3.6%1.7%
1Yn/a11.3%20.2%

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

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

Price Volatility

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

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

Volatility Over Time: Insufficient data to determine WMG's volatility change over the past year.

About the Company

FoundedEmployeesCEOWebsite
2020n/aCaedmon Marriotthttps://www.westernmines.com.au

Western Mines Group Ltd, a mineral exploration company, engages in the exploration and development of mineral properties in Australia. The company explores for nickel, copper, platinum group elements, and gold deposits. Its flagship project is the Mulga Tank project covering an area of approximately 113 square kilometers located in the east-northeast of Yilgarn Craton, Western Australia.

Western Mines Group Fundamentals Summary

How do Western Mines Group's earnings and revenue compare to its market cap?
WMG fundamental statistics
Market CapAU$8.10m
Earnings (TTM)-AU$194.56k
Revenue (TTM)n/a

0x

P/S Ratio

-41.7x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
WMG income statement (TTM)
RevenueAU$0
Cost of RevenueAU$0
Gross ProfitAU$0
ExpensesAU$194.57k
Earnings-AU$194.56k

Last Reported Earnings

Dec 31, 2020

Next Earnings Date

n/a

Earnings per share (EPS)-0.0044
Gross Margin0.00%
Net Profit Margin0.00%
Debt/Equity Ratio0.0%

How did WMG perform over the long term?

See historical performance and comparison

Valuation

Is Western Mines Group undervalued compared to its fair value and its price relative to the market?

9.07x

Price to Book (PB) ratio


Share Price vs. Fair Value

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

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


Price To Earnings Ratio

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

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


Price to Book Ratio

PB vs Industry: WMG is overvalued based on its PB Ratio (9.1x) compared to the AU Metals and Mining industry average (2.6x).


Future Growth

How is Western Mines Group forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

0.7%

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 Western Mines Group 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 Western Mines Group performed over the past 5 years?

23.6%

Historical Materials annual earnings growth


Earnings and Revenue History

Quality Earnings: WMG is currently unprofitable.

Growing Profit Margin: WMG is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: Unable to establish if WMG's year-on-year earnings growth rate was positive over the past 5 years as it has been trading publicly for less than 3 years.

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

Earnings vs Industry: WMG 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: WMG has a negative Return on Equity (-21.78%), as it is currently unprofitable.


Financial Health

How is Western Mines Group's financial position?


Financial Position Analysis

Short Term Liabilities: WMG's short term assets (A$773.6K) exceed its short term liabilities (A$132.7K).

Long Term Liabilities: WMG has no long term liabilities.


Debt to Equity History and Analysis

Debt Level: WMG is debt free.

Reducing Debt: WMG has not had any debt for past 5 years.

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

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


Balance Sheet


Dividend

What is Western Mines Group current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

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

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

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

0.4yrs

Average management tenure


CEO

Caedmon Marriott

0.58

Tenure

Dr. Caedmon Samuel Marriott M.A., M.S., Ph D., serves as Managing Director and Director at Western Mines Group Ltd. since March 26, 2021.Mr. Marriott had been a Non-Executive Director of Golden Mile Resou...


Leadership Team

Experienced Management: WMG's management team is not considered experienced ( 0.4 years average tenure), which suggests a new team.


Board Members

Experienced Board: WMG's board of directors are not considered experienced ( 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: WMG insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: WMG only recently listed within the past 12 months.


Top Shareholders

Company Information

Western Mines Group Ltd's employee growth, exchange listings and data sources


Key Information

  • Name: Western Mines Group Ltd
  • Ticker: WMG
  • Exchange: ASX
  • Founded: 2020
  • Industry: Diversified Metals and Mining
  • Sector: Materials
  • Market Cap: AU$8.103m
  • Shares outstanding: 43.80m
  • Website: https://www.westernmines.com.au

Location

  • Western Mines Group Ltd
  • 33 Ord Street
  • Level 3
  • West Perth
  • Western Australia
  • 6005
  • Australia

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/20 07:05
End of Day Share Price2021/10/19 00:00
Earnings2020/12/31
Annual Earnings2020/12/31


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.