STGO Stock Overview
Steppe Gold Ltd. acquires, explores for, develops, and operates precious metals in Mongolia.
Steppe Gold Competitors
Price History & Performance
|Historical stock prices|
|Current Share Price||CA$1.12|
|52 Week High||CA$1.82|
|52 Week Low||CA$0.95|
|1 Month Change||6.67%|
|3 Month Change||-16.42%|
|1 Year Change||-24.32%|
|3 Year Change||17.90%|
|5 Year Change||n/a|
|Change since IPO||-42.56%|
Recent News & Updates
Is Steppe Gold (TSE:STGO) Using Debt In A Risky Way?
Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...
|STGO||CA Metals and Mining||CA Market|
Return vs Industry: STGO underperformed the Canadian Metals and Mining industry which returned -12.7% over the past year.
Return vs Market: STGO underperformed the Canadian Market which returned 2.1% over the past year.
|STGO Average Weekly Movement||10.2%|
|Metals and Mining Industry Average Movement||11.4%|
|Market Average Movement||10.6%|
|10% most volatile stocks in CA Market||18.9%|
|10% least volatile stocks in CA Market||4.2%|
Stable Share Price: STGO is not significantly more volatile than the rest of Canadian stocks over the past 3 months, typically moving +/- 10% a week.
Volatility Over Time: STGO's weekly volatility (10%) has been stable over the past year.
About the Company
Steppe Gold Ltd. acquires, explores for, develops, and operates precious metals in Mongolia. Its principal projects are the Altan Tsagaan Ovoo gold and silver project comprising one mining license covering an area of approximately 5,492.63 hectares located in the territory of Tsagaan Ovoo soum, Dornod province of Eastern Mongolia; and the Uudam Khundii property that covers an area of 14,397 hectares located in Ulaanbaatar, Bayankhongor Province. The company was incorporated in 2016 and is headquartered in Ulaanbaatar, Mongolia.
Steppe Gold Fundamentals Summary
|STGO fundamental statistics|
Is STGO overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|STGO income statement (TTM)|
|Cost of Revenue||US$18.84m|
Last Reported Earnings
Jun 30, 2022
Next Earnings Date
|Earnings per share (EPS)||-0.36|
|Net Profit Margin||-73.39%|
How did STGO perform over the long term?See historical performance and comparison
Is STGO undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score 5/6
Price-To-Sales vs Peers
Price-To-Sales vs Industry
Price-To-Sales vs Fair Ratio
Below Fair Value
Significantly Below Fair Value
Key Valuation Metric
Which metric is best to use when looking at relative valuation for STGO?
Other financial metrics that can be useful for relative valuation.
|What is STGO's n/a Ratio?|
Price to Sales Ratio vs Peers
How does STGO's PS Ratio compare to its peers?
|STGO PS Ratio vs Peers|
|Company||PS||Estimated Growth||Market Cap|
SCZ Santacruz Silver Mining
ELR Eastern Platinum
MPVD Mountain Province Diamonds
VOX Vox Royalty
STGO Steppe Gold
Price-To-Sales vs Peers: STGO is good value based on its Price-To-Sales Ratio (1.8x) compared to the peer average (5.4x).
Price to Earnings Ratio vs Industry
How does STGO's PE Ratio compare vs other companies in the CA Metals and Mining Industry?
Price-To-Sales vs Industry: STGO is good value based on its Price-To-Sales Ratio (1.8x) compared to the Canadian Metals and Mining industry average (2.4x)
Price to Sales Ratio vs Fair Ratio
What is STGO's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.
|Current PS Ratio||1.8x|
|Fair PS Ratio||5.1x|
Price-To-Sales vs Fair Ratio: STGO is good value based on its Price-To-Sales Ratio (1.8x) compared to the estimated Fair Price-To-Sales Ratio (5.1x).
Share Price vs Fair Value
What is the Fair Price of STGO when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: STGO (CA$1.12) is trading below our estimate of fair value (CA$18.37)
Significantly Below Fair Value: STGO 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 analysts are not within a statistically confident range of agreement.
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How is Steppe Gold forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?
Future Growth Score6/6
Future Growth Score 6/6
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: STGO is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (1.6%).
Earnings vs Market: STGO is forecast to become profitable over the next 3 years, which is considered above average market growth.
High Growth Earnings: STGO is expected to become profitable in the next 3 years.
Revenue vs Market: STGO's revenue (40% per year) is forecast to grow faster than the Canadian market (6.5% per year).
High Growth Revenue: STGO's revenue (40% per year) is forecast to grow faster than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: STGO's Return on Equity is forecast to be high in 3 years time (32.7%)
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How has Steppe Gold performed over the past 5 years?
Past Performance Score0/6
Past Performance Score 0/6
Growing Profit Margin
Earnings vs Industry
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: STGO is currently unprofitable.
Growing Profit Margin: STGO is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: STGO is unprofitable, and losses have increased over the past 5 years at a rate of 19.3% per year.
Accelerating Growth: Unable to compare STGO's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: STGO is unprofitable, making it difficult to compare its past year earnings growth to the Metals and Mining industry (-16%).
Return on Equity
High ROE: STGO has a negative Return on Equity (-591.26%), as it is currently unprofitable.
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How is Steppe Gold's financial position?
Financial Health Score1/6
Financial Health Score 1/6
Short Term Liabilities
Long Term Liabilities
Stable Cash Runway
Forecast Cash Runway
Financial Position Analysis
Short Term Liabilities: STGO's short term assets ($58.0M) exceed its short term liabilities ($53.4M).
Long Term Liabilities: STGO's short term assets ($58.0M) do not cover its long term liabilities ($59.9M).
Debt to Equity History and Analysis
Debt Level: STGO's net debt to equity ratio (2212.6%) is considered high.
Reducing Debt: STGO's debt to equity ratio has increased from 450.8% to 2258.2% over the past 5 years.
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: STGO has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: STGO has less than a year of cash runway if free cash flow continues to grow at historical rates of 28.8% each year.
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What is Steppe Gold current dividend yield, its reliability and sustainability?
Dividend Score 0/6
Cash Flow Coverage
Dividend Yield vs Market
Notable Dividend: Unable to evaluate STGO's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate STGO'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 STGO's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if STGO'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 STGO has not reported any payouts.
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How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Bataa Tumur-Ochir (36 yo)
Mr. Bataa Tumur-Ochir has been an Independent Director of Aranjin Resources Limited since July 23, 2020 and Ion Energy Ltd. since August 27, 2020. He serves as a Director of Spirit Banner II Capital Corp s...
CEO Compensation Analysis
Compensation vs Market: Bataa's total compensation ($USD360.00K) is above average for companies of similar size in the Canadian market ($USD186.20K).
Compensation vs Earnings: Bataa's compensation has been consistent with company performance over the past year.
Experienced Management: STGO's management team is considered experienced (2.7 years average tenure).
Experienced Board: STGO's board of directors are considered experienced (5 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: STGO insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Steppe Gold Ltd.'s employee growth, exchange listings and data sources
- Name: Steppe Gold Ltd.
- Ticker: STGO
- Exchange: TSX
- Founded: 2016
- Industry: Precious Metals and Minerals
- Sector: Materials
- Implied Market Cap: CA$77.894m
- Shares outstanding: 69.55m
- Website: https://www.steppegold.com
Number of Employees
- Steppe Gold Ltd.
- Shangri-La office
- Suite 1201
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2022/08/17 00:00|
|End of Day Share Price||2022/08/17 00:00|
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.