TML

Timah ResourcesASX:TML Stock Report

Market Cap

AU$7.6m

7D

3.7%

1Y

70.0%

Updated

16 Sep, 2021

Data

Company Financials
TML fundamental analysis
Snowflake Score
Valuation3/6
Future Growth0/6
Past Performance2/6
Financial Health2/6
Dividends0/6

TML Overview

Timah Resources Limited, through its subsidiary, Mistral Engineering Sdn Bhd., generates biogas renewable energy in Australia and Malaysia.

Price History & Performance

Summary of all time highs, changes and price drops for Timah Resources
Historical stock prices
Current Share PriceAU$0.085
52 Week HighAU$0.043
52 Week LowAU$0.085
Beta0.63
1 Month Change6.25%
3 Month Change41.67%
1 Year Change70.00%
3 Year Change325.00%
5 Year Changen/a
Change since IPO70.00%

Recent News & Updates

May 12
These 4 Measures Indicate That Timah Resources (ASX:TML) Is Using Debt Extensively

These 4 Measures Indicate That Timah Resources (ASX:TML) Is Using Debt Extensively

The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...

Jan 13
A Look At The Intrinsic Value Of Timah Resources Limited (ASX:TML)

A Look At The Intrinsic Value Of Timah Resources Limited (ASX:TML)

In this article we are going to estimate the intrinsic value of Timah Resources Limited ( ASX:TML ) by taking the...

Shareholder Returns

TMLAU Renewable EnergyAU Market
7D3.7%0.04%0.9%
1Y70.0%14.4%27.3%

Return vs Industry: TML exceeded the Australian Renewable Energy industry which returned 14.4% over the past year.

Return vs Market: TML exceeded the Australian Market which returned 27.3% over the past year.

Price Volatility

Is TML's price volatile compared to industry and market?
TML volatility
TML Beta0.63
Industry Beta0.62
Market Beta1

Stable Share Price: TML is less volatile than 75% of Australian stocks over the past 3 months, typically moving +/- 5% a week.

Volatility Over Time: Insufficient data to determine TML's volatility change over the past year.

About the Company

FoundedEmployeesCEOWebsite
n/an/aKing-Seng Mahhttps://www.timahresources.com.au

Timah Resources Limited, through its subsidiary, Mistral Engineering Sdn Bhd., generates biogas renewable energy in Australia and Malaysia. It owns and operates a biogas power plant with approximately 4.0 megawatts located in Sabah, Malaysia. The company is based in Sandakan, Malaysia.

Timah Resources Fundamentals Summary

How do Timah Resources's earnings and revenue compare to its market cap?
TML fundamental statistics
Market CapRM23.27m
Earnings (TTM)RM69.00k
Revenue (TTM)RM9.19m

340.9x

P/E Ratio

2.5x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
TML income statement (TTM)
RevenueRM9.19m
Cost of RevenueRM7.08m
Gross ProfitRM2.11m
ExpensesRM2.04m
EarningsRM69.00k

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)0.00074
Gross Margin22.94%
Net Profit Margin0.75%
Debt/Equity Ratio117.5%

How did TML perform over the long term?

See historical performance and comparison

Valuation

Is Timah Resources undervalued compared to its fair value and its price relative to the market?

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: TML (A$0.09) is trading below our estimate of fair value (A$0.26)

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


Price To Earnings Ratio

PE vs Industry: TML is poor value based on its PE Ratio (340.9x) compared to the Oceanic Renewable Energy industry average (30.8x).

PE vs Market: TML is poor value based on its PE Ratio (340.9x) compared to the Australian market (18.7x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate TML's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: TML is good value based on its PB Ratio (0.9x) compared to the AU Renewable Energy industry average (1.9x).


Future Growth

How is Timah Resources forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

19.6%

Forecasted Utilities 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 Timah Resources 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 Timah Resources performed over the past 5 years?

63.9%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: TML has a large one-off gain of MYR259.0K impacting its June 30 2021 financial results.

Growing Profit Margin: TML became profitable in the past.


Past Earnings Growth Analysis

Earnings Trend: TML has become profitable over the past 5 years, growing earnings by 63.9% per year.

Accelerating Growth: TML has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: TML has become profitable in the last year, making it difficult to compare its past year earnings growth to the Renewable Energy industry (16.2%).


Return on Equity

High ROE: TML's Return on Equity (0.3%) is considered low.


Financial Health

How is Timah Resources's financial position?


Financial Position Analysis

Short Term Liabilities: TML's short term assets (MYR9.6M) exceed its short term liabilities (MYR1.3M).

Long Term Liabilities: TML's short term assets (MYR9.6M) do not cover its long term liabilities (MYR38.0M).


Debt to Equity History and Analysis

Debt Level: TML's debt to equity ratio (117.5%) is considered high.

Reducing Debt: TML's debt to equity ratio has reduced from 217.2% to 117.5% over the past 5 years.

Debt Coverage: TML's debt is not well covered by operating cash flow (10.9%).

Interest Coverage: TML's interest payments on its debt are not well covered by EBIT (1x coverage).


Balance Sheet


Dividend

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


Dividend Yield vs Market

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

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

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

6.0yrs

Average management tenure


CEO

King-Seng Mah (63 yo)

6yrs

Tenure

Mr. King Seng Mah, DPMP, PMP, has been Managing Director at Cepatwawasan Group Bhd since February 27, 2008. Mr. Mah serves as Managing Director at Timah Resources Limited since September 16, 2015 and MHC P...


Leadership Team

Experienced Management: TML's management team is seasoned and experienced (6 years average tenure).


Board Members

Experienced Board: TML's board of directors are considered experienced (6 years average tenure).


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

Timah Resources Limited's employee growth, exchange listings and data sources


Key Information

  • Name: Timah Resources Limited
  • Ticker: TML
  • Exchange: ASX
  • Founded: NaN
  • Industry: Renewable Electricity
  • Sector: Utilities
  • Market Cap: AU$7.636m
  • Shares outstanding: 89.83m
  • Website: https://www.timahresources.com.au

Location

  • Timah Resources Limited
  • Prima Square, Mile 4
  • lot 70, Block 6
  • Sandakan
  • Sabah
  • 90000
  • Malaysia

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/09/16 08:04
End of Day Share Price2021/09/16 00:00
Earnings2021/06/30
Annual Earnings2020/12/31


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.