White Rock Minerals Ltd operates as a minerals exploration and development company in Australia and Alaska.
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Excellent balance sheet and overvalued.
Share Price & News
How has White Rock Minerals's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: WRM's share price has been volatile over the past 3 months.
7 Day Return
AU Metals and Mining
1 Year Return
AU Metals and Mining
Return vs Industry: WRM underperformed the Australian Metals and Mining industry which returned -18.7% over the past year.
Return vs Market: WRM underperformed the Australian Market which returned -19% over the past year.
Price Volatility Vs. Market
How volatile is White Rock Minerals's share price compared to the market and industry in the last 5 years?
Simply Wall St News
2 weeks ago | Simply Wall StIntroducing White Rock Minerals (ASX:WRM), The Stock That Tanked 88%
1 month ago | Simply Wall StWhat Kind Of Shareholder Appears On The White Rock Minerals Ltd's (ASX:WRM) Shareholder Register?
10 months ago | Simply Wall StThose Who Purchased White Rock Minerals (ASX:WRM) Shares Five Years Ago Have A 73% Loss To Show For It
Is White Rock Minerals undervalued compared to its fair value and its price relative to the market?
Price to Book (PB) ratio
Share Price vs. Fair Value
Below Fair Value: Insufficient data to calculate WRM's fair value to establish if it is undervalued.
Significantly Below Fair Value: Insufficient data to calculate WRM's fair value to establish if it is undervalued.
Price To Earnings Ratio
PE vs Industry: WRM is unprofitable, so we can't compare its PE Ratio to the Metals and Mining industry average.
PE vs Market: WRM 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 WRM's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: WRM is good value based on its PB Ratio (0.4x) compared to the AU Metals and Mining industry average (1x).
How is White Rock Minerals forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
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 White Rock 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.
- Examine White Rock Minerals's financial health to determine how well-positioned it is against times of financial stress by looking at its level of debt over time and how much cash it has left.
- White Rock Minerals competitive advantages and company strategy can generally be found in its financial reports archived here.
- Explore growth companies in the Materials industry.
How has White Rock Minerals performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: WRM is currently unprofitable.
Growing Profit Margin: WRM is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: WRM is unprofitable, but has reduced losses over the past 5 years at a rate of 41.5% per year.
Accelerating Growth: Unable to compare WRM's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: WRM is unprofitable, making it difficult to compare its past year earnings growth to the Metals and Mining industry (-7%).
Return on Equity
High ROE: WRM has a negative Return on Equity (-4.71%), as it is currently unprofitable.
How is White Rock Minerals's financial position?
Financial Position Analysis
Short Term Liabilities: WRM's short term assets (A$2.8M) exceed its short term liabilities (A$1.4M).
Long Term Liabilities: WRM's short term assets (A$2.8M) exceed its long term liabilities (A$1.2M).
Debt to Equity History and Analysis
Debt Level: WRM is debt free.
Reducing Debt: WRM has not had any debt for past 5 years.
Inventory Level: WRM has a high level of physical assets or inventory.
Debt Coverage by Assets: Insufficient data to determine if WRM's debt is covered by short term assets.
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: WRM has sufficient cash runway for more than a year based on its current free cash flow.
Forecast Cash Runway: WRM has less than a year of cash runway if free cash flow continues to reduce at historical rates of -1.6% each year
What is White Rock Minerals's current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Notable Dividend: Unable to evaluate WRM's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.
High Dividend: Unable to evaluate WRM'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 WRM's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if WRM'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 WRM's dividend in 3 years as they are not forecast to pay a notable one for the Australian market.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Mr. Matthew Gill, also known as Matt, serves as Independent Non-Executive Director at AuStar Gold Limited (formerly known as Mantle Mining Corporation Limited). Mr. Gill is a mining engineer with many year ...
CEO Compensation Analysis
Compensation vs Market: Matt's total compensation ($USD254.63K) is about average for companies of similar size in the Australian market ($USD238.47K).
Compensation vs Earnings: Matt's compensation has been consistent with company performance over the past year.
|MD, CEO||4.08yrs||AU$423.73k||0.39% A$29.6k|
|Exploration Manager||10.08yrs||AU$245.38k||no data|
|Company Secretary & CFO||4.67yrs||no data||no data|
Experienced Management: WRM's management team is considered experienced (4.7 years average tenure).
|MD, CEO||4.08yrs||AU$423.73k||0.39% A$29.6k|
|Independent Non Executive Chairman||1.25yrs||AU$38.33k||0.45% A$34.0k|
|Non-Independent Non-Executive Director||1.33yrs||AU$17.56k||0.35% A$26.7k|
|Non-Independent Non-Executive Director||2.92yrs||AU$32.85k||no data|
Experienced Board: WRM's board of directors are not considered experienced ( 2.1 years average tenure), which suggests a new board.
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
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 42.9%.
White Rock Minerals Ltd's company bio, employee growth, exchange listings and data sources
- Name: White Rock Minerals Ltd
- Ticker: WRM
- Exchange: ASX
- Founded: 2010
- Industry: Diversified Metals and Mining
- Sector: Materials
- Market Cap: AU$7.527m
- Shares outstanding: 1.88b
- Website: https://www.whiterockminerals.com.au
- White Rock Minerals Ltd
- 12 Anderson Street West
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|WRM||ASX (Australian Securities Exchange)||Yes||Ordinary Shares||AU||AUD||Oct 2010|
|WRM||CHIA (Chi-X Australia)||Yes||Ordinary Shares||AU||AUD||Oct 2010|
White Rock Minerals Ltd operates as a minerals exploration and development company in Australia and Alaska. It primarily explores for gold, silver, zinc, lead, and copper resources. The company’s project includes the Mt Carrington gold-silver project covering an area of 183 square kilometers located in northern New South Wales, Australia. It also holds 100% interests in the Red Mountain Project covering an area of 475 square kilometers located in the Bonnifield Mining District of central Alaska. The company was incorporated in 2010 and is based in Ballarat, Australia.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/04/06 10:45|
|End of Day Share Price||2020/04/06 00:00|
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.