TSX:ASR

Stock Analysis Report

Executive Summary

Alacer Gold Corp. engages in the mining, development, and exploration of mineral deposits in Turkey.


Snowflake Analysis

Undervalued with proven track record.


Similar Companies

Share Price & News

How has Alacer Gold's share price performed over time and what events caused price changes?


Latest Share Price and Events

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


Market Performance


7 Day Return

32.6%

ASR

13.4%

CA Metals and Mining

7.1%

CA Market


1 Year Return

28.9%

ASR

-9.7%

CA Metals and Mining

-25.3%

CA Market

Return vs Industry: ASR exceeded the Canadian Metals and Mining industry which returned -9.7% over the past year.

Return vs Market: ASR exceeded the Canadian Market which returned -25.3% over the past year.


Shareholder returns

ASRIndustryMarket
7 Day32.6%13.4%7.1%
30 Day-25.7%-14.2%-24.1%
90 Day-31.1%-14.5%-26.7%
1 Year28.9%28.9%-9.1%-9.7%-22.9%-25.3%
3 Year74.0%74.0%-14.8%-16.4%-15.6%-23.4%
5 Year63.1%63.1%9.1%6.1%-3.2%-17.5%

Price Volatility Vs. Market

How volatile is Alacer Gold's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Alacer Gold 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: ASR (CA$4.68) is trading below our estimate of fair value (CA$32.42)

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


Price To Earnings Ratio

PE vs Industry: ASR is good value based on its PE Ratio (8.4x) compared to the Metals and Mining industry average (12.3x).

PE vs Market: ASR is good value based on its PE Ratio (8.4x) compared to the Canadian market (10.6x).


Price to Earnings Growth Ratio

PEG Ratio: ASR is good value based on its PEG Ratio (0.8x)


Price to Book Ratio

PB vs Industry: ASR is overvalued based on its PB Ratio (1.1x) compared to the CA Metals and Mining industry average (1.1x).


Next Steps

Future Growth

How is Alacer Gold forecast to perform in the next 1 to 3 years based on estimates from 6 analysts?

10.9%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: ASR's forecast earnings growth (10.9% per year) is above the savings rate (1.4%).

Earnings vs Market: ASR's earnings (10.9% per year) are forecast to grow faster than the Canadian market (7.8% per year).

High Growth Earnings: ASR's earnings are forecast to grow, but not significantly.

Revenue vs Market: ASR's revenue (7.5% per year) is forecast to grow faster than the Canadian market (3.9% per year).

High Growth Revenue: ASR's revenue (7.5% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: ASR's Return on Equity is forecast to be low in 3 years time (12.7%).


Next Steps

Past Performance

How has Alacer Gold performed over the past 5 years?

-3.1%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: ASR has high quality earnings.

Growing Profit Margin: ASR's current net profit margins (24.7%) are higher than last year (8%).


Past Earnings Growth Analysis

Earnings Trend: ASR's earnings have declined by -3.1% per year over the past 5 years.

Accelerating Growth: ASR's earnings growth over the past year (669.2%) exceeds its 5-year average (-3.1% per year).

Earnings vs Industry: ASR earnings growth over the past year (669.2%) exceeded the Metals and Mining industry 25.4%.


Return on Equity

High ROE: ASR's Return on Equity (14.4%) is considered low.


Next Steps

Financial Health

How is Alacer Gold's financial position?


Financial Position Analysis

Short Term Liabilities: ASR's short term assets ($339.6M) exceed its short term liabilities ($137.2M).

Long Term Liabilities: ASR's short term assets ($339.6M) do not cover its long term liabilities ($347.0M).


Debt to Equity History and Analysis

Debt Level: ASR's debt to equity ratio (25.2%) is considered satisfactory.

Reducing Debt: Insufficient data to determine if ASR's debt to equity ratio has reduced over the past 5 years.

Debt Coverage: ASR's debt is well covered by operating cash flow (92.7%).

Interest Coverage: ASR's interest payments on its debt are well covered by EBIT (10.4x coverage).


Balance Sheet

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

Debt Coverage by Assets: ASR's debt is covered by short term assets (assets are 1.2x debt).


Next Steps

Dividend

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

1.50%

Forecast Dividend Yield


Dividend Yield vs Market

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

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

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


Current Payout to Shareholders

Dividend Coverage: ASR is not paying a notable dividend for the Canadian market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of ASR's dividend in 3 years as they are not forecast to pay a notable one for the Canadian market.


Next Steps

Management

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

6.6yrs

Average management tenure


CEO

Rod Antal (52yo)

6.58s

Tenure

US$3,434,459

Compensation

Mr. Rodney P. Antal, also known as Rod, B.Bus, Accountancy, CPA, has been the Chief Executive Officer and President of Alacer Gold Corp. since August 13, 2013. Mr. Antal served as the Chief Financial Offic ...


CEO Compensation Analysis

Compensation vs Market: Rod's total compensation ($USD3.43M) is above average for companies of similar size in the Canadian market ($USD1.69M).

Compensation vs Earnings: Rod's compensation has been consistent with company performance over the past year.


Leadership Team

NamePositionTenureCompensationOwnership
Rodney Antal
President6.58yrsUS$3.43m0.56% $8.1m
Mark Murchison
Chief Financial Officer6.58yrsUS$1.21m0.19% $2.7m
Stewart Beckman
Chief Operating Officer3.75yrsUS$1.43m0.070% $1.0m
F. Farid
Senior Vice President of Business Development & Investor Relationsno dataUS$1.19m0.033% $478.9k
Michael Sparks
Chief Legal Officer & Company Secretary3.25yrsUS$908.97k0.069% $985.4k
Lisa Maestas
Director of Investor Relations15.08yrsno datano data

6.6yrs

Average Tenure

Experienced Management: ASR's management team is seasoned and experienced (6.6 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Rodney Antal
President6.58yrsUS$3.43m0.56% $8.1m
Edward Dowling
Independent Chairman of the Board5.92yrsUS$260.00k0.035% $505.9k
Kay Priestly
Independent Director0.58yrno datano data
Thomas Bates
Independent Non-Executive Director5.92yrsUS$160.00k0.017% $244.0k
Richard Graff
Independent Lead Director5.92yrsUS$165.00k0.015% $217.4k
Alan Krusi
Independent Non-Executive Director5.5yrsUS$160.00k0.029% $414.7k
Anna Kolonchina
Independent Non-Executive Director5.5yrsUS$150.00k0.017% $244.0k

5.9yrs

Average Tenure

64yo

Average Age

Experienced Board: ASR's board of directors are considered experienced (5.9 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

Alacer Gold Corp.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Alacer Gold Corp.
  • Ticker: ASR
  • Exchange: TSX
  • Founded:
  • Industry: Gold
  • Sector: Materials
  • Market Cap: CA$1.439b
  • Shares outstanding: 294.79m
  • Website: https://www.alacergold.com

Number of Employees


Location

  • Alacer Gold Corp.
  • 7001 East Belleview Avenue
  • Suite 800
  • Denver
  • Colorado
  • 80237
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
ASRTSX (The Toronto Stock Exchange)YesCommon SharesCACADDec 1993
TQLDB (Deutsche Boerse AG)YesCommon SharesDEEURDec 1993
ALIA.FOTCPK (Pink Sheets LLC)YesCommon SharesUSUSDDec 1993
AQGASX (Australian Securities Exchange)CDIAUAUDFeb 2011
TQL1DB (Deutsche Boerse AG)CDIDEEURFeb 2011
ALAC.FOTCPK (Pink Sheets LLC)CDIUSUSDFeb 2011
AQGCHIA (Chi-X Australia)CDIAUAUDFeb 2011
AQGCHIA (Chi-X Australia)CDIAUAUDFeb 2011

Biography

Alacer Gold Corp. engages in the mining, development, and exploration of mineral deposits in Turkey. It primarily holds an 80% interest in the Çöpler gold mine that is located in the Erzincan Province, east-central Turkey. The company is based in Denver, Colorado. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/03/28 01:46
End of Day Share Price2020/03/27 00:00
Earnings2019/12/31
Annual Earnings2019/12/31


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.