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WRM

White Rock MineralsASX:WRM Stock Report

Market Cap

AU$45.6m

7D

14.3%

1Y

-41.8%

Updated

15 Oct, 2021

Data

Company Financials
WRM fundamental analysis
Snowflake Score
Valuation1/6
Future Growth0/6
Past Performance0/6
Financial Health4/6
Dividends0/6

WRM Overview

White Rock Minerals Ltd engages in the exploration and development of mineral properties in Australia and the United States.

White Rock Minerals Competitors

Price History & Performance

Summary of all time highs, changes and price drops for White Rock Minerals
Historical stock prices
Current Share PriceAU$0.32
52 Week HighAU$0.27
52 Week LowAU$0.65
Beta0.15
1 Month Change8.48%
3 Month Change-35.35%
1 Year Change-41.82%
3 Year Change-46.67%
5 Year Change-78.67%
Change since IPO-99.11%

Recent News & Updates

Shareholder Returns

WRMAU Metals and MiningAU Market
7D14.3%2.4%0.1%
1Y-41.8%10.1%19.3%

Return vs Industry: WRM underperformed the Australian Metals and Mining industry which returned 10.1% over the past year.

Return vs Market: WRM underperformed the Australian Market which returned 19.3% over the past year.

Price Volatility

Is WRM's price volatile compared to industry and market?
WRM volatility
WRM Beta0.15
Industry Beta0.97
Market Beta1

Stable Share Price: WRM is not significantly more volatile than the rest of Australian stocks over the past 3 months, typically moving +/- 8% a week.

Volatility Over Time: WRM's weekly volatility (8%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
2010n/aMatt Gillhttps://www.whiterockminerals.com.au

White Rock Minerals Ltd engages in the exploration and development of mineral properties in Australia and the United States. The company primarily explores for gold, silver, zinc, lead, and copper resources. Its principal property is its 100% owned the Red Mountain Project covering an area of 798 square kilometers located in the Bonnifield Mining District of central Alaska; and the Mt Carrington gold-silver project covering an area of 183 square kilometers located in northern New South Wales, Australia.

White Rock Minerals Fundamentals Summary

How do White Rock Minerals's earnings and revenue compare to its market cap?
WRM fundamental statistics
Market CapAU$45.59m
Earnings (TTM)-AU$9.70m
Revenue (TTM)AU$51.96k

888.9x

P/S Ratio

-4.7x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
WRM income statement (TTM)
RevenueAU$51.96k
Cost of RevenueAU$0
Gross ProfitAU$51.96k
ExpensesAU$9.76m
Earnings-AU$9.70m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)-0.068
Gross Margin100.00%
Net Profit Margin-18,672.64%
Debt/Equity Ratio0.0%

How did WRM perform over the long term?

See historical performance and comparison

Valuation

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

1x

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 Australian 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 (1x) compared to the AU Metals and Mining industry average (2.5x).


Future Growth

How is White Rock Minerals forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

0.01%

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.


Past Performance

How has White Rock Minerals performed over the past 5 years?

39.2%

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 39.2% 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 (35.3%).


Return on Equity

High ROE: WRM has a negative Return on Equity (-21.21%), as it is currently unprofitable.


Financial Health

How is White Rock Minerals's financial position?


Financial Position Analysis

Short Term Liabilities: WRM's short term assets (A$16.4M) exceed its short term liabilities (A$2.2M).

Long Term Liabilities: WRM's short term assets (A$16.4M) exceed its long term liabilities (A$6.7M).


Debt to Equity History and Analysis

Debt Level: WRM is debt free.

Reducing Debt: WRM has not had any debt for 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: Insufficient data to determine if WRM has enough cash runway based on its current free cash flow.

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


Dividend

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 recent payouts.

High Dividend: Unable to evaluate WRM'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 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.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

6.2yrs

Average management tenure


CEO

Matt Gill

5.58yrs

Tenure

AU$458,820

Compensation

Mr. Matthew Gill, also known as Matt, B.E (Hons, Mining), M Eng Sc, FAusIMM, GAICD, served as an Independent Non-Executive Director at AuStar Gold Limited (former name Mantle Mining Corporation Limited) si...


CEO Compensation Analysis

Compensation vs Market: Matt's total compensation ($USD340.24K) is about average for companies of similar size in the Australian market ($USD300.24K).

Compensation vs Earnings: Matt's compensation has increased whilst the company is unprofitable.


Leadership Team

Experienced Management: WRM's management team is seasoned and experienced (6.2 years average tenure).


Board Members

Experienced Board: WRM's board of directors are not considered experienced ( 2.8 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: Shareholders have been substantially diluted in the past year, with total shares outstanding growing by 96%.


Top Shareholders

Company Information

White Rock Minerals Ltd's employee growth, exchange listings and data sources


Key Information

  • Name: White Rock Minerals Ltd
  • Ticker: WRM
  • Exchange: ASX
  • Founded: 2010
  • Industry: Diversified Metals and Mining
  • Sector: Materials
  • Market Cap: AU$45.589m
  • Shares outstanding: 142.47m
  • Website: https://www.whiterockminerals.com.au

Location

  • White Rock Minerals Ltd
  • 12 Anderson Street West
  • Ballarat
  • Victoria
  • 3350
  • Australia

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/15 15:49
End of Day Share Price2021/10/15 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.