TUL

Tulla Resources CHIA:TUL Stock Report

Last Price

AU$0.53

Market Cap

AU$142.7m

7D

-0.9%

1Y

-3.6%

Updated

28 Jul, 2022

Data

Company Financials +
TUL fundamental analysis
Snowflake Score
Valuation5/6
Future Growth6/6
Past Performance2/6
Financial Health6/6
Dividends0/6

TUL Stock Overview

Tulla Resources Plc explores for, evaluates, and develops gold property in Australia.

Tulla Resources Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Tulla Resources
Historical stock prices
Current Share PriceAU$0.53
52 Week HighAU$0.67
52 Week LowAU$0.40
Beta0
1 Month Change1.92%
3 Month Change-13.11%
1 Year Change-3.64%
3 Year Changen/a
5 Year Changen/a
Change since IPO-13.11%

Recent News & Updates

Shareholder Returns

TULAU Metals and MiningAU Market
7D-0.9%1.3%0.2%
1Y-3.6%-22.7%-9.7%

Return vs Industry: TUL exceeded the Australian Metals and Mining industry which returned -22.7% over the past year.

Return vs Market: TUL exceeded the Australian Market which returned -9.7% over the past year.

Price Volatility

Is TUL's price volatile compared to industry and market?
TUL volatility
TUL Average Weekly Movement8.6%
Metals and Mining Industry Average Movement12.1%
Market Average Movement10.5%
10% most volatile stocks in AU Market17.5%
10% least volatile stocks in AU Market4.6%

Stable Share Price: TUL is not significantly more volatile than the rest of Australian stocks over the past 3 months, typically moving +/- 9% a week.

Volatility Over Time: TUL's weekly volatility (9%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
2006n/an/ahttps://tullaresources.com

Tulla Resources Plc explores for, evaluates, and develops gold property in Australia. It holds 50% interest in the Norseman Gold project that comprises 146 near-contiguous mining tenements located in the Eastern Goldfields of Western Australia. The company was formerly known as Norseman Gold Plc and changed its name to Tulla Resources Plc in December 2020.

Tulla Resources Fundamentals Summary

How do Tulla Resources's earnings and revenue compare to its market cap?
TUL fundamental statistics
Market CapAU$142.66m
Earnings (TTM)AU$18.71m
Revenue (TTM)AU$248.74k

7.6x

P/E Ratio

576.1x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
TUL income statement (TTM)
RevenueAU$248.74k
Cost of Revenue-AU$62.38k
Gross ProfitAU$311.12k
Other Expenses-AU$18.40m
EarningsAU$18.71m

Last Reported Earnings

Dec 31, 2021

Next Earnings Date

n/a

Earnings per share (EPS)0.069
Gross Margin125.08%
Net Profit Margin7,520.33%
Debt/Equity Ratio0.0%

How did TUL perform over the long term?

See historical performance and comparison
We’ve recently updated our valuation analysis.

Valuation

Is TUL undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

5/6

Valuation Score 5/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

Which metric is best to use when looking at relative valuation for TUL?

Other financial metrics that can be useful for relative valuation.

TUL key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue327.5x
Enterprise Value/EBITDA15.4x
PEG Ratio0.09x

Price to Earnings Ratio vs Peers

How does TUL's PE Ratio compare to its peers?

TUL PE Ratio vs Peers
The above table shows the PE ratio for TUL vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average10.1x
X64 Ten Sixty Four
4.2xn/aAU$135.6m
CYL Catalyst Metals
22.9xn/aAU$125.5m
BCN Beacon Minerals
7.2xn/aAU$109.2m
TBR Tribune Resources
6.3xn/aAU$194.1m
TUL Tulla Resources
7.6x81.8%AU$142.7m

Price-To-Earnings vs Peers: TUL is good value based on its Price-To-Earnings Ratio (7.6x) compared to the peer average (10.1x).


Price to Earnings Ratio vs Industry

How does TUL's PE Ratio compare vs other companies in the AU Metals and Mining Industry?

Price-To-Earnings vs Industry: TUL is good value based on its Price-To-Earnings Ratio (7.6x) compared to the Australian Metals and Mining industry average (9.5x)


Price to Earnings Ratio vs Fair Ratio

What is TUL's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

TUL PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio7.6x
Fair PE Ratio70.1x

Price-To-Earnings vs Fair Ratio: TUL is good value based on its Price-To-Earnings Ratio (7.6x) compared to the estimated Fair Price-To-Earnings Ratio (70.1x).


Share Price vs Fair Value

What is the Fair Price of TUL when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: TUL (A$0.53) is trading below our estimate of fair value (A$10.66)

Significantly Below Fair Value: TUL is trading below fair value by more than 20%.


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Target price is more than 20% higher than the current share price, but there are not enough analysts covering the stock to determine statistical confidence in agreement.


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Future Growth

How is Tulla Resources forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?

Future Growth Score

6/6

Future Growth Score 6/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


81.8%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: TUL's forecast earnings growth (81.8% per year) is above the savings rate (1.8%).

Earnings vs Market: TUL's earnings (81.8% per year) are forecast to grow faster than the Australian market (6.2% per year).

High Growth Earnings: TUL's earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: TUL's revenue (101.3% per year) is forecast to grow faster than the Australian market (5.5% per year).

High Growth Revenue: TUL's revenue (101.3% per year) is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: TUL's Return on Equity is forecast to be high in 3 years time (34.5%)


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Past Performance

How has Tulla Resources performed over the past 5 years?

Past Performance Score

2/6

Past Performance Score 2/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


34.4%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: TUL has a large one-off gain of A$13.7M impacting its December 31 2021 financial results.

Growing Profit Margin: Insufficient data to determine if TUL's profit margins have improved over the past year.


Past Earnings Growth Analysis

Earnings Trend: TUL has become profitable over the past 5 years, growing earnings by 34.4% per year.

Accelerating Growth: TUL's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: TUL had negative earnings growth (-72.4%) over the past year, making it difficult to compare to the Metals and Mining industry average (57.3%).


Return on Equity

High ROE: TUL's Return on Equity (27%) is considered high.


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Financial Health

How is Tulla Resources's financial position?

Financial Health Score

6/6

Financial Health Score 6/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: TUL's short term assets (A$62.8M) exceed its short term liabilities (A$6.6M).

Long Term Liabilities: TUL's short term assets (A$62.8M) exceed its long term liabilities (A$14.6M).


Debt to Equity History and Analysis

Debt Level: TUL is debt free.

Reducing Debt: TUL currently has no debt however we can't compare to 5 years ago as we have no data for that period.

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

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


Balance Sheet


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Dividend

What is Tulla Resources's current dividend yield, its reliability and sustainability?

Dividend Score

0/6

Dividend Score 0/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage

Dividend Yield vs Market

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

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

Growing Dividend: Insufficient data to determine if TUL's dividend payments have been increasing.


Earnings Payout to Shareholders

Earnings Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: Unable to calculate sustainability of dividends as TUL has not reported any payouts.


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Management

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

1.4yrs

Average board tenure


CEO

Tulla Resources has no CEO, or we have no data on them.


Board Members

Experienced Board: TUL's board of directors are not considered experienced ( 1.4 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 not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Tulla Resources Plc's employee growth, exchange listings and data sources


Key Information

  • Name: Tulla Resources Plc
  • Ticker: TUL
  • Exchange: CHIA
  • Founded: 2006
  • Industry: Gold
  • Sector: Materials
  • Implied Market Cap: AU$142.661m
  • Shares outstanding: 269.17m
  • Website: https://tullaresources.com

Number of Employees


Location

  • Tulla Resources Plc
  • 2 Grosvenor Street
  • Suite 5
  • Bondi Junction
  • New South Wales
  • 2022
  • Australia

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/07/28 00:00
End of Day Share Price2022/07/27 00:00
Earnings2021/12/31
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.