ASX:ZMI

Stock Analysis Report

Executive Summary

Zinc of Ireland NL operates as a mineral exploration and development company in Ireland.


Snowflake Analysis

Adequate balance sheet and overvalued.

Share Price & News

How has Zinc of Ireland's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: ZMI's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

-10.4%

ZMI

-3.4%

AU Metals and Mining

-3.6%

AU Market


1 Year Return

-40.0%

ZMI

1.9%

AU Metals and Mining

10.9%

AU Market

Return vs Industry: ZMI underperformed the Australian Metals and Mining industry which returned 1.9% over the past year.

Return vs Market: ZMI underperformed the Australian Market which returned 10.9% over the past year.


Shareholder returns

ZMIIndustryMarket
7 Day-10.4%-3.4%-3.6%
30 Day-18.9%-7.9%-3.7%
90 Day-30.2%-1.1%-0.2%
1 Year-40.0%-40.0%7.0%1.9%15.6%10.9%
3 Year-75.0%-75.0%53.6%33.1%34.1%16.0%
5 Yearn/a77.9%36.2%44.9%12.6%

Price Volatility Vs. Market

How volatile is Zinc of Ireland's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Zinc of Ireland undervalued compared to its fair value and its price relative to the market?

0.9x

Price to Book (PB) ratio


Share Price vs. Fair Value

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

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


Price To Earnings Ratio

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

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


Price to Book Ratio

PB vs Industry: ZMI is good value based on its PB Ratio (0.9x) compared to the AU Metals and Mining industry average (1.3x).


Next Steps

Future Growth

How is Zinc of Ireland forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

-1.0%

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 Zinc of Ireland 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 Zinc of Ireland performed over the past 5 years?

39.6%

Last years earnings growth


Earnings and Revenue History

Quality Earnings: ZMI is currently unprofitable.

Growing Profit Margin: ZMI is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: Insufficient data to determine if ZMI's year-on-year earnings growth rate was positive over the past 5 years.

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

Earnings vs Industry: ZMI is unprofitable, making it difficult to compare its past year earnings growth to the Metals and Mining industry (24.1%).


Return on Equity

High ROE: ZMI has a negative Return on Equity (-8.37%), as it is currently unprofitable.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is Zinc of Ireland's financial position?


Financial Position Analysis

Short Term Liabilities: ZMI's short term assets (A$3.6M) exceed its short term liabilities (A$544.3K).

Long Term Liabilities: ZMI has no long term liabilities.


Debt to Equity History and Analysis

Debt Level: ZMI is debt free.

Reducing Debt: ZMI had no debt 5 years ago.


Balance Sheet

Inventory Level: ZMI has a high level of physical assets or inventory.

Debt Coverage by Assets: Insufficient data to determine if ZMI'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: ZMI has less than a year of cash runway based on its current free cash flow.

Forecast Cash Runway: ZMI has less than a year of cash runway if free cash flow continues to reduce at historical rates of -41.2% each year


Next Steps

Dividend

What is Zinc of Ireland's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

companyn/amarketbottom25%2.4%markettop25%5.5%industryaverage4.6%forecastin3Yearsn/a

Current dividend yield vs market & industry

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

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

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

2.3yrs

Average board tenure


CEO

Zinc of Ireland has no CEO, or we have no data on them.


Board Members

NamePositionTenureCompensationOwnership
Patrick Corr
Executive Director3.6yrsAU$178.35k2.41% A$175.5k
Julian Fraser Barnes
Non-Executive Director1.5yrsAU$74.42kno data
Richard Monti
Non-Executive Chairman1.8yrsAU$158.49k0.82% A$60.0k
David Cornell
Alternate Director2.8yrsno datano data
Thomas Corr
Non-Executive Director3.3yrsAU$82.70k4.45% A$324.7k
Adrian Goldstone
Non-Executive Director1.1yrsAU$15.58kno data

2.3yrs

Average Tenure

Experienced Board: ZMI's board of directors are not considered experienced ( 2.3 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 54.2%.


Top Shareholders

Company Information

Zinc of Ireland NL's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Zinc of Ireland NL
  • Ticker: ZMI
  • Exchange: ASX
  • Founded:
  • Industry: Diversified Metals and Mining
  • Sector: Materials
  • Market Cap: AU$7.292m
  • Shares outstanding: 121.54m
  • Website: https://www.zincofireland.com

Location

  • Zinc of Ireland NL
  • 431 Roberts Road
  • Unit B9
  • Subiaco
  • Western Australia
  • 6008
  • Australia

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
ZMIASX (Australian Securities Exchange)YesOrdinary SharesAUAUDJul 2016
ZMICHIA (Chi-X Australia)YesOrdinary SharesAUAUDJul 2016
39GDB (Deutsche Boerse AG)YesOrdinary SharesDEEURJul 2016

Biography

Zinc of Ireland NL operates as a mineral exploration and development company in Ireland. It explores for zinc, gold, and base metal deposits. Its flagship project is the Kildare project located southwest of Dublin. The company was formerly known as Global Metals Exploration NL and changed its name to Zinc of Ireland NL in July 2016. The company is based in Subiaco, Australia. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/02/26 10:47
End of Day Share Price2020/02/26 00:00
Earnings2019/06/30
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.