ASX:WRM

Stock Analysis Report

White Rock Minerals

Executive Summary

White Rock Minerals Ltd operates as a minerals exploration and development company in Australia and Alaska.


Snowflake Analysis

Excellent balance sheet and overvalued.


Similar Companies

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.


Market Performance


7 Day Return

-25.0%

WRM

4.3%

AU Metals and Mining

5.1%

AU Market


1 Year Return

-60.0%

WRM

-18.8%

AU Metals and Mining

-19.1%

AU Market

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.


Shareholder returns

WRMIndustryMarket
7 Day-25.0%4.3%5.1%
30 Day0%-9.0%-18.7%
90 Day-25.0%-21.9%-25.7%
1 Year-60.0%-60.0%-14.1%-18.8%-15.4%-19.1%
3 Year-80.0%-80.0%28.7%10.7%-3.3%-16.6%
5 Year-88.9%-88.9%63.1%24.1%6.9%-17.3%

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

Valuation

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

0.3x

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).


Next Steps

Future Growth

How is White Rock Minerals 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 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.


Next Steps

Past Performance

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

41.5%

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.


Next Steps

Financial Health

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.


Balance Sheet

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


Next Steps

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 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.


Next Steps

Management

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

4.7yrs

Average management tenure


CEO

Matt Gill

4.08s

Tenure

AU$423,730

Compensation

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.


Leadership Team

NamePositionTenureCompensationOwnership
Matthew Gill
MD, CEO4.08yrsAU$423.73k0.39% A$29.6k
Rohan Worland
Exploration Manager10.08yrsAU$245.38kno data
Shane Turner
Company Secretary & CFO4.67yrsno datano data

4.7yrs

Average Tenure

Experienced Management: WRM's management team is considered experienced (4.7 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Matthew Gill
MD, CEO4.08yrsAU$423.73k0.39% A$29.6k
Peter Lester
Independent Non Executive Chairman1.25yrsAU$38.33k0.45% A$34.0k
Stephen Gorenstein
Non-Independent Non-Executive Director1.33yrsAU$17.56k0.35% A$26.7k
Jeremy Gray
Non-Independent Non-Executive Director2.92yrsAU$32.85kno data

2.1yrs

Average Tenure

Experienced Board: WRM's board of directors are not considered experienced ( 2.1 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: 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 diluted in the past year, with total shares outstanding growing by 42.9%.


Top Shareholders

Company Information

White Rock Minerals Ltd's company bio, 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$7.527m
  • Shares outstanding: 1.88b
  • Website: https://www.whiterockminerals.com.au

Location

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

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
WRMASX (Australian Securities Exchange)YesOrdinary SharesAUAUDOct 2010
WRMCHIA (Chi-X Australia)YesOrdinary SharesAUAUDOct 2010

Biography

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

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/04/06 10:45
End of Day Share Price2020/04/06 00:00
Earnings2019/12/31
Annual Earnings2019/06/30


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.