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Asanko Gold

TSX:AKG
Snowflake Description

Adequate balance sheet and fair value.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
AKG
TSX
CA$194M
Market Cap
  1. Home
  2. CA
  3. Materials
Company description

Asanko Gold Inc. engages in the exploration, development, and production of gold properties. The last earnings update was 35 days ago. More info.


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AKG Share Price and Events
7 Day Returns
-1.1%
TSX:AKG
-2.1%
CA Metals and Mining
0.3%
CA Market
1 Year Returns
-16.5%
TSX:AKG
-5.9%
CA Metals and Mining
0.7%
CA Market
AKG Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Asanko Gold (AKG) -1.1% -14% 1.2% -16.5% -69.4% -62.3%
CA Metals and Mining -2.1% 1.4% 13.1% -5.9% 8.9% -22%
CA Market 0.3% 2% 13.2% 0.7% 16.6% 5.6%
1 Year Return vs Industry and Market
  • AKG underperformed the Metals and Mining industry which returned -5.9% over the past year.
  • AKG underperformed the Market in Canada which returned 0.7% over the past year.
Price Volatility
AKG
Industry
5yr Volatility vs Market

AKG Value

 Is Asanko Gold undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Asanko Gold to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Asanko Gold.

TSX:AKG Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 1 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 8.6%
Perpetual Growth Rate 10-Year CA Government Bond Rate 1.9%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for TSX:AKG
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year CA Govt Bond Rate 1.9%
Equity Risk Premium S&P Global 6%
Metals and Mining Unlevered Beta Simply Wall St/ S&P Global 1.18
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.181 (1 + (1- 26.5%) (0%))
1.121
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.12
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 1.95% + (1.121 * 5.96%)
8.63%

Discounted Cash Flow Calculation for TSX:AKG using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Asanko Gold is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

TSX:AKG DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 8.63%)
2019 12.00 Analyst x1 11.05
2020 37.00 Analyst x2 31.36
2021 56.48 Est @ 52.64% 44.06
2022 77.62 Est @ 37.43% 55.74
2023 98.41 Est @ 26.79% 65.06
2024 117.44 Est @ 19.33% 71.47
2025 134.02 Est @ 14.12% 75.09
2026 148.04 Est @ 10.47% 76.36
2027 159.76 Est @ 7.91% 75.85
2028 169.54 Est @ 6.12% 74.10
Present value of next 10 years cash flows $580.14
TSX:AKG DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= $169.54 × (1 + 1.95%) ÷ (8.63% – 1.95%)
$2,586.90
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $2,586.90 ÷ (1 + 8.63%)10
$1,130.71
TSX:AKG Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $580.14 + $1,130.71
$1,710.85
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $1,710.85 / 225.80
$7.58
TSX:AKG Discount to Share Price
Calculation Result
Exchange Rate USD/CAD
(Reporting currency to currency of TSX:AKG)
1.333
Value per Share
(CAD)
= Value per Share in USD x Exchange Rate (USD/CAD)
= $7.58 x 1.333
CA$10.1
Value per share (CAD) From above. CA$10.10
Current discount Discount to share price of CA$0.86
= -1 x (CA$0.86 - CA$10.10) / CA$10.10
91.5%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Asanko Gold is available for.
Intrinsic value
>50%
Share price is CA$0.86 vs Future cash flow value of CA$10.1
Current Discount Checks
For Asanko Gold to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Asanko Gold's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Asanko Gold's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Asanko Gold's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Asanko Gold's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
TSX:AKG PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in USD $-0.64
TSX:AKG Share Price ** TSX (2019-03-20) in CAD CA$0.86
TSX:AKG Share Price converted to USD reporting currency Exchange rate (CAD/ USD) 0.75 $0.65
Canada Metals and Mining Industry PE Ratio Median Figure of 115 Publicly-Listed Metals and Mining Companies 12.49x
Canada Market PE Ratio Median Figure of 542 Publicly-Listed Companies 14.78x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Asanko Gold.

TSX:AKG PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= TSX:AKG Share Price ÷ EPS (both in USD)

= 0.65 ÷ -0.64

-1x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Asanko Gold is loss making, we can't compare its value to the CA Metals and Mining industry average.
  • Asanko Gold is loss making, we can't compare the value of its earnings to the Canada market.
Price based on expected Growth
Does Asanko Gold's expected growth come at a high price?
Raw Data
TSX:AKG PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -1x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts
65.2%per year
Canada Metals and Mining Industry PEG Ratio Median Figure of 35 Publicly-Listed Metals and Mining Companies 0.7x
Canada Market PEG Ratio Median Figure of 253 Publicly-Listed Companies 1.2x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Asanko Gold, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Asanko Gold's assets?
Raw Data
TSX:AKG PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in USD $1.37
TSX:AKG Share Price * TSX (2019-03-20) in CAD CA$0.86
TSX:AKG Share Price converted to USD reporting currency Exchange rate (CAD/ USD) 0.75 $0.65
Canada Metals and Mining Industry PB Ratio Median Figure of 1,080 Publicly-Listed Metals and Mining Companies 1.44x
Canada Market PB Ratio Median Figure of 2,349 Publicly-Listed Companies 1.58x
TSX:AKG PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= TSX:AKG Share Price ÷ Book Value per Share (both in USD)

= 0.65 ÷ 1.37

0.47x

* Primary Listing of Asanko Gold.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Asanko Gold is good value based on assets compared to the CA Metals and Mining industry average.
X
Value checks
We assess Asanko Gold's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Metals and Mining industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Metals and Mining industry average (and greater than 0)? (1 check)
  5. Asanko Gold has a total score of 3/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

AKG Future Performance

 How is Asanko Gold expected to perform in the next 1 to 3 years based on estimates from 1 analyst?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
65.2%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Asanko Gold expected to grow at an attractive rate?
  • Asanko Gold's earnings growth is expected to exceed the low risk savings rate of 1.9%.
Growth vs Market Checks
  • Asanko Gold's earnings growth is expected to exceed the Canada market average.
  • Asanko Gold's revenue growth is positive but not above the Canada market average.
Annual Growth Rates Comparison
Raw Data
TSX:AKG Future Growth Rates Data Sources
Data Point Source Value (per year)
TSX:AKG Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts 65.2%
TSX:AKG Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 1 Analysts 2.7%
Canada Metals and Mining Industry Earnings Growth Rate Market Cap Weighted Average 33.3%
Canada Metals and Mining Industry Revenue Growth Rate Market Cap Weighted Average 7%
Canada Market Earnings Growth Rate Market Cap Weighted Average 17.8%
Canada Market Revenue Growth Rate Market Cap Weighted Average 6.9%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
TSX:AKG Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
TSX:AKG Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2022-12-31 176 38 1
2021-12-31 156 51 46 1
2020-12-31 178 68 1
2019-12-31 141 29 1
TSX:AKG Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2018-12-31 162 33 -141
2018-09-30 212 70 -147
2018-06-30 245 108 -142
2018-03-31 238 128 1
2017-12-31 256 123 6
2017-09-30 260 112 4
2017-06-30 264 105 11
2017-03-31 245 82 -2
2016-12-31 176 55 -13
2016-09-30 109 28 -5
2016-06-30 41 -7 -19
2016-03-31 -20 -8

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Asanko Gold's earnings are expected to grow significantly at over 20% yearly.
  • Asanko Gold's revenue is expected to grow by 2.7% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
TSX:AKG Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below

All data from Asanko Gold Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

TSX:AKG Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2022-12-31 0.16 0.16 0.16 1.00
2021-12-31 0.20 0.20 0.20 1.00
2020-12-31
2019-12-31
TSX:AKG Past Financials Data
Date (Data in USD Millions) EPS *
2018-12-31 -0.64
2018-09-30 -0.68
2018-06-30 -0.68
2018-03-31 0.00
2017-12-31 0.03
2017-09-30 0.02
2017-06-30 0.06
2017-03-31 -0.01
2016-12-31 -0.07
2016-09-30 -0.02
2016-06-30 -0.10
2016-03-31 -0.04

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Asanko Gold will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Asanko Gold's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Canada market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Canada market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Asanko Gold has a total score of 3/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

AKG Past Performance

  How has Asanko Gold performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Asanko Gold's growth in the last year to its industry (Metals and Mining).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Asanko Gold does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
  • Unable to compare Asanko Gold's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Asanko Gold's 1-year growth to the CA Metals and Mining industry average as it is not currently profitable.
Earnings and Revenue History
Asanko Gold's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Asanko Gold Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

TSX:AKG Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 161.92 -141.37 13.99
2018-09-30 211.88 -146.90 14.74
2018-06-30 244.92 -142.39 15.64
2018-03-31 238.29 0.51 14.08
2017-12-31 256.20 5.78 14.64
2017-09-30 260.23 3.99 15.23
2017-06-30 264.48 11.49 13.72
2017-03-31 245.44 -1.67 12.09
2016-12-31 175.91 -13.22 12.38
2016-09-30 109.12 -4.53 11.13
2016-06-30 41.16 -19.49 11.10
2016-03-31 -7.72 11.65
2015-12-31 -8.31 11.04
2015-09-30 -11.43 11.02
2015-06-30 -17.45 11.09
2015-03-31 -16.18 11.20
2014-12-31 -22.64 15.94
2014-09-30 -21.99 14.66
2014-06-30 -13.67 14.55
2014-03-31 -12.47 15.03
2013-12-31 -1.69 11.65
2013-09-30 -5.50 13.71
2013-06-30 -6.29 14.94
2013-03-31 -13.68 17.04
2012-12-31 -20.81 19.66
2012-09-30 -17.48 19.77
2012-06-30 -31.17 27.44
2012-03-31 -38.15 35.66

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • It is difficult to establish if Asanko Gold has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if Asanko Gold has efficiently used its assets last year compared to the CA Metals and Mining industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if Asanko Gold improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess Asanko Gold's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Metals and Mining industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Asanko Gold has a total score of 0/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

AKG Health

 How is Asanko Gold's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Asanko Gold's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Asanko Gold is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Asanko Gold's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Asanko Gold's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Asanko Gold has no debt, it does not need to be covered by short term assets.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Asanko Gold Company Filings, last reported 2 months ago.

TSX:AKG Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 308.84 0.00 10.36
2018-09-30 309.54 0.00 14.25
2018-06-30 311.48 0.00 18.76
2018-03-31 435.71 157.38 38.57
2017-12-31 432.61 155.69 49.33
2017-09-30 437.59 157.33 60.85
2017-06-30 431.32 156.34 54.92
2017-03-31 428.62 155.87 48.21
2016-12-31 416.43 154.97 59.68
2016-09-30 424.71 151.99 57.56
2016-06-30 402.64 149.16 34.47
2016-03-31 411.33 151.35 67.81
2015-12-31 414.41 147.09 114.80
2015-09-30 412.35 127.35 159.27
2015-06-30 414.93 124.22 229.55
2015-03-31 414.92 58.77 222.94
2014-12-31 383.58 57.45 228.68
2014-09-30 385.99 19.17 227.74
2014-06-30 390.68 0.00 230.54
2014-03-31 388.78 0.00 237.75
2013-12-31 228.60 0.00 174.60
2013-09-30 230.41 0.00 185.38
2013-06-30 230.99 0.00 190.39
2013-03-31 228.25 0.00 196.91
2012-12-31 226.95 0.00 204.61
2012-09-30 210.19 0.00 185.82
2012-06-30 210.21 0.00 188.36
2012-03-31 213.38 0.00 197.61
  • Asanko Gold has no debt.
  • Asanko Gold had no debt 5 years ago.
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.

  • Asanko Gold has less than a year of cash runway based on current free cash flow.
  • Unable to confirm if Asanko Gold has at least 1 year of cash runway based on growing free cash flows without relevant data.
X
Financial health checks
We assess Asanko Gold's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Asanko Gold has a total score of 4/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

AKG Dividends

 What is Asanko Gold's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from Asanko Gold dividends.
If you bought CA$2,000 of Asanko Gold shares you are expected to receive CA$0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate Asanko Gold's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Asanko Gold's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
TSX:AKG Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
Canada Metals and Mining Industry Average Dividend Yield Market Cap Weighted Average of 28 Stocks 1.2%
Canada Market Average Dividend Yield Market Cap Weighted Average of 330 Stocks 3.5%
Canada Minimum Threshold Dividend Yield 10th Percentile 1.1%
Canada Bottom 25% Dividend Yield 25th Percentile 2%
Canada Top 25% Dividend Yield 75th Percentile 5.6%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

TSX:AKG Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2022-12-31
2021-12-31
2020-12-31
2019-12-31

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as Asanko Gold has not reported any payouts.
  • Unable to verify if Asanko Gold's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Asanko Gold's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Asanko Gold has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Asanko Gold's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.1%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Asanko Gold afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Asanko Gold has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

AKG Management

 What is the CEO of Asanko Gold's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Peter Breese
COMPENSATION $978,658
TENURE AS CEO 6.4 years
CEO Bio

Mr. Peter Binsteed Breese, PMD has been the President and Chief Executive Officer of Asanko Gold Inc. since October 15, 2012. Mr Breese has over 25 years of operational experience in the global mining industry, predominantly in southern Africa & Australia. Prior to joining Asanko, he was most recently CEO of Mantra Resources from January 25, 2010 to June 2011, before its US$1 billion acquisition by ARMZ in 2011 and also served as its President. He served as Chief Executive of Norilsk International, following its acquisition of LionOre Mining in 2007, where he was COO. Mr. Breese was the President and Chief Executive Officer of Highland Park S.A. He was Advisor of GBS Gold International Inc. since August 2008 and advised on Operational, Strategic Development and Project Management Matters. He has been a Non-Independent Director of Asanko Gold Inc. since October 15, 2012. Mr. Breese served as a Non-Executive Director for Coalspur Mines Limited from September 6, 2011 to June 23, 2014. He held an Executive and Directorship positions at Zimasco, BCL, Mimosa Mining Company and Impala Platinum Holdings. He served as a Director of Rockridge Capital Corp. from July 13, 2011 to November 25, 2011 and Mantra Resources Limited since January 25, 2010. He holds a PMD from Harvard Business School.

CEO Compensation
  • Peter's compensation has been consistent with company performance over the past year.
  • Peter's remuneration is higher than average for companies of similar size in Canada.
Management Team Tenure

Average tenure of the Asanko Gold management team in years:

0.6
Average Tenure
  • The average tenure for the Asanko Gold management team is less than 2 years, this suggests a new team.
Management Team

Peter Breese

TITLE
President
COMPENSATION
$979K
TENURE
6.4 yrs

Fausto Di Trapani

TITLE
Executive VP
COMPENSATION
$592K
TENURE
2.2 yrs

Hugo Truter

TITLE
Senior Vice President of Projects & Engineering
COMPENSATION
$698K
TENURE
0.6 yrs

Joe Zvaipa

TITLE
Executive VP & MD of Ghana
COMPENSATION
$673K
TENURE
4.9 yrs

Frans de Bruyn

TITLE
Senior Vice President of Organizational Capability & SHE
COMPENSATION
$588K
TENURE
0.6 yrs

Alex Buck

TITLE
Manager of Investor & Media Relations

Andrew Ramcharan

TITLE
Senior VP of Corporate Development and Investor Relations
AGE
46
TENURE
0.3 yrs

Ben Adoo

TITLE
Executive Chairman of Ghana

Rob Sherwen-Slater

TITLE
Executive Vice President of Strategy
TENURE
0.6 yrs

Fred Attakumah

TITLE
Senior Vice President of Corporate Affairs & Sustainability
TENURE
0.6 yrs
Board of Directors Tenure

Average tenure and age of the Asanko Gold board of directors in years:

5.1
Average Tenure
55
Average Age
  • The tenure for the Asanko Gold board of directors is about average.
Board of Directors

Colin Steyn

TITLE
Chairman of the Board
COMPENSATION
$159K
TENURE
5.1 yrs

Peter Breese

TITLE
President
COMPENSATION
$979K
TENURE
6.4 yrs

Gord Fretwell

TITLE
Independent Director
COMPENSATION
$97K
AGE
65
TENURE
5.1 yrs

Marcel de Groot

TITLE
Independent Director
COMPENSATION
$102K
AGE
45
TENURE
9.7 yrs

Mike Price

TITLE
Independent Director
COMPENSATION
$97K
AGE
62
TENURE
5.1 yrs

Shawn Wallace

TITLE
Independent Director
COMPENSATION
$89K
AGE
48
TENURE
9.1 yrs

Bill Smart

TITLE
Independent Director
COMPENSATION
$89K
TENURE
3.3 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (CA$) Value (CA$)
09. Apr 18 Buy Gold Fields Limited Company 04. Apr 18 04. Apr 18 22,354,657 CA$1.01 CA$22,555,076
X
Management checks
We assess Asanko Gold's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Asanko Gold has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

AKG News

Simply Wall St News

What Kind Of Share Price Volatility Should You Expect For Asanko Gold Inc. (TSE:AKG)?

Modern finance theory considers volatility to be a measure of risk, and there are two main types of price volatility. … Every stock in the market is exposed to this volatility, which is linked to the fact that stocks prices are correlated in an efficient market. … Beta can be a useful tool to understand how much a stock is influenced by market risk (volatility).

Simply Wall St -

Should You Worry About Asanko Gold Inc.'s (TSE:AKG) CEO Pay Cheque?

In 2012 Peter Breese was appointed CEO of Asanko Gold Inc. … This report will, first, examine the CEO compensation levels in comparison to CEO compensation at companies of similar size. … How Does Peter Breese's Compensation Compare With Similar Sized Companies?

Simply Wall St -

What Kind Of Shareholders Own Asanko Gold Inc. (TSE:AKG)?

Insiders often own a large chunk of younger, smaller, companies while huge companies tend to have institutions as shareholders. … Companies that have been privatized tend to have low insider ownership. … Taking a look at the our data on the ownership groups (below), it's seems that.

Simply Wall St -

Before You Buy Asanko Gold Inc (TSE:AKG), Consider Its Volatility

If you're interested in Asanko Gold Inc (TSE:AKG), then you might want to consider its beta (a measure of share price volatility) in order to understand how the stock could impact your portfolio. … Beta is a widely used metric to measure a stock's exposure to market risk (volatility). … Any stock with a beta of greater than one is considered more volatile than the market, while those with a beta below one are either less volatile or poorly correlated with the market.

Simply Wall St -

What You Must Know About Asanko Gold Inc's (TSE:AKG) Financial Strength

However, it also faces higher cost of capital given interest cost is generally lower than equity. … Does AKG's growth rate justify its decision for financial flexibility over lower cost of capital. … There are well-known benefits of including debt in capital structure, primarily a lower cost of capital

Simply Wall St -

What Are The Drivers Of Asanko Gold Inc's (TSE:AKG) Risks?

The second type is market risk, one that you cannot diversify away, since it arises from macroeconomic factors which directly affects all the stocks in the market. … The most widely used metric to quantify a stock's market risk is beta, and the market as a whole represents a beta of one. … Any stock with a beta of greater than one is considered more volatile than the market, and those with a beta less than one is generally less volatile.

Simply Wall St -

Who Owns Most Of Asanko Gold Inc (TSE:AKG)?

I am going to take a deep dive into Asanko Gold Inc’s (TSE:AKG) most recent ownership structure, not a frequent subject of discussion among individual investors. … Ownership structure of a company has been found to affect share performance over time. … The implications of these institutions’ actions can either benefit or hinder individual investors, so it is important to understand the ownership composition of your stock investment.

Simply Wall St -

Why Asanko Gold Inc's (TSE:AKG) ROE Of 0.41% Does Not Tell The Whole Story

and want to begin learning the link between Asanko Gold Inc (TSE:AKG)’s return fundamentals and stock market performance. … Asanko Gold Inc (TSE:AKG) generated a below-average return on equity of 0.41% in the past 12 months, while its industry returned 11.07%. … Knowing these components could change your view on AKG’s performance

Simply Wall St -

Will Asanko Gold Inc (TSE:AKG) Continue To Underperform Its Industry?

Asanko Gold Inc’s (TSX:AKG) most recent return on equity was a substandard 1.55% relative to its industry performance of 8.82% over the past year. … View our latest analysis for Asanko Gold Peeling the layers of ROE – trisecting a company’s profitability Firstly, Return on Equity, or ROE, is simply the percentage of last years’ earning against the book value of shareholders’ equity. … Return on Equity = Net Profit ÷ Shareholders Equity ROE is measured against cost of equity in order to determine the efficiency of Asanko Gold’s equity capital deployed.

Simply Wall St -

Top Undervalued Stocks To Buy

Asanko Gold and Mackenzie Master Limited Partnership may be trading at prices below their likely values. … TSX:AKG PE PEG Gauge Mar 24th 18 Mackenzie Master Limited Partnership (TSX:MKZ.UN) Mackenzie Master Limited Partnership pays selling commissions to financial advisors who sell redemption charge securities of Mackenzie mutual funds for specific periods. … Mackenzie Master Limited Partnership was formed in 1995 and has a market cap of CAD CA$6.08M, putting it in the small-cap group.

Simply Wall St -

AKG Company Info

Description

Asanko Gold Inc. engages in the exploration, development, and production of gold properties. Its principal project is the Asanko Gold Mine, which consists of two gold projects, such as the Obotan Project and the Esaase Project located in the Amansie West District of the Republic of Ghana, West Africa. The company was formerly known as Keegan Resources Inc. and changed its name to Asanko Gold Inc. in February 2013. Asanko Gold Inc. was incorporated in 1999 and is headquartered in Vancouver, Canada.

Details
Name: Asanko Gold Inc.
AKG
Exchange: TSX
Founded: 1999
CA$194,191,968
225,804,614
Website: http://www.asanko.com
Address: Asanko Gold Inc.
1066 West Hastings Street,
Suite 680,
Vancouver,
British Columbia, V6E 3X2,
Canada
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
TSX AKG Common Shares The Toronto Stock Exchange CA CAD 25. Jun 2001
AMEX AKG Common Shares NYSE MKT LLC US USD 25. Jun 2001
DB B7U Common Shares Deutsche Boerse AG DE EUR 25. Jun 2001
LSE 0UIT Common Shares London Stock Exchange GB CAD 25. Jun 2001
Number of employees
Current staff
Staff numbers
0
Asanko Gold employees.
Industry
Gold
Materials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/03/21 00:03
End of day share price update: 2019/03/20 00:00
Last estimates confirmation: 2019/02/20
Last earnings filing: 2019/02/14
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.