Turquoise Hill Resources Ltd., together with its subsidiaries, operates as a mining company.
Reasonable growth potential and fair value.
Share Price & News
How has Turquoise Hill Resources's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: TRQ's share price has been volatile over the past 3 months.
7 Day Return
CA Metals and Mining
1 Year Return
CA Metals and Mining
Return vs Industry: TRQ underperformed the Canadian Metals and Mining industry which returned -8.2% over the past year.
Return vs Market: TRQ underperformed the Canadian Market which returned -24.5% over the past year.
Price Volatility Vs. Market
How volatile is Turquoise Hill Resources's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 month ago | Simply Wall StIntroducing Turquoise Hill Resources (TSE:TRQ), The Stock That Tanked 81%
3 months ago | Simply Wall StHow Turquoise Hill Resources Ltd. (TSE:TRQ) Can Impact Your Portfolio Volatility
3 months ago | Simply Wall StAre Insiders Buying Turquoise Hill Resources Ltd. (TSE:TRQ) Stock?
Is Turquoise Hill Resources undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: TRQ (CA$0.55) is trading below our estimate of fair value (CA$7.77)
Significantly Below Fair Value: TRQ is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: TRQ is unprofitable, so we can't compare its PE Ratio to the Metals and Mining industry average.
PE vs Market: TRQ is unprofitable, so we can't compare its PE Ratio to the Canadian market.
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate TRQ's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: TRQ is good value based on its PB Ratio (0.1x) compared to the CA Metals and Mining industry average (1.2x).
How is Turquoise Hill Resources forecast to perform in the next 1 to 3 years based on estimates from 6 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: TRQ is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (1.4%).
Earnings vs Market: TRQ is forecast to become profitable over the next 3 years, which is considered above average market growth.
High Growth Earnings: TRQ's is expected to become profitable in the next 3 years.
Revenue vs Market: TRQ's revenue (15.9% per year) is forecast to grow faster than the Canadian market (3.4% per year).
High Growth Revenue: TRQ's revenue (15.9% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: TRQ is forecast to be unprofitable in 3 years.
How has Turquoise Hill Resources performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: TRQ is currently unprofitable.
Growing Profit Margin: TRQ is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: TRQ is unprofitable, and losses have increased over the past 5 years at a rate of -23.2% per year.
Accelerating Growth: Unable to compare TRQ's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: TRQ is unprofitable, making it difficult to compare its past year earnings growth to the Metals and Mining industry (16.5%).
Return on Equity
High ROE: TRQ has a negative Return on Equity (-6.01%), as it is currently unprofitable.
How is Turquoise Hill Resources's financial position?
Financial Position Analysis
Short Term Liabilities: TRQ's short term assets ($2.5B) exceed its short term liabilities ($520.6M).
Long Term Liabilities: TRQ's short term assets ($2.5B) do not cover its long term liabilities ($4.4B).
Debt to Equity History and Analysis
Debt Level: TRQ's debt to equity ratio (52.9%) is considered high.
Reducing Debt: TRQ had negative shareholder equity 5 years ago, but is now positive and has therefore improved.
Inventory Level: TRQ has a high level of physical assets or inventory.
Debt Coverage by Assets: TRQ's debt is not covered by short term assets (assets are 0.6x debt).
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: TRQ has been profitable on average in the past, therefore cash runway is not a concern.
Forecast Cash Runway: TRQ has been profitable on average in the past, therefore cash runway is not a concern.
What is Turquoise Hill Resources's current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Notable Dividend: Unable to evaluate TRQ's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.
High Dividend: Unable to evaluate TRQ'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 TRQ's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if TRQ'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 TRQ's dividend in 3 years as they are not forecast to pay a notable one for the Canadian market.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Ulf Quellmann (53yo)
Mr. Ulf Quellmann has been the Chief Executive Officer at Turquoise Hill Resources Ltd. since August 1, 2018. Mr. Quellmann has been a Non-Executive Director of Turquoise Hill Resources Ltd. since May 12, ...
CEO Compensation Analysis
Compensation vs Market: Ulf's total compensation ($USD1.56M) is about average for companies of similar size in the Canadian market ($USD1.70M).
Compensation vs Earnings: Ulf's compensation has increased whilst the company is unprofitable.
|CEO & Non-Independent Director||1.67yrs||US$2.21m||0.0095% $105.7k|
|Chief Financial Officer||2.5yrs||US$1.80m||no data|
|Chief Operating Officer||0.83yr||US$233.65k||no data|
|Head of Investor Relations & Corporate Communications||no data||no data||no data|
|VP, General Counsel & Corporate Secretary||7.25yrs||no data||no data|
Experienced Management: TRQ's management team is considered experienced (2.1 years average tenure).
|CEO & Non-Independent Director||1.67yrs||US$2.21m||0.0095% $105.7k|
|Independent Chairman of the Board||3.25yrs||US$582.00k||0.0015% $16.5k|
|Director of Ivanhoe Australia||8yrs||no data||no data|
|Independent Director||0.25yr||no data||no data|
|Independent Director||7.83yrs||US$326.00k||no data|
|Independent Director||3.25yrs||US$340.00k||0.0010% $11.4k|
|Non-Independent Director||2.33yrs||US$168.00k||no data|
|Non-Independent Director||1.58yrs||US$170.00k||no data|
Experienced Board: TRQ's board of directors are considered experienced (3.1 years average tenure).
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
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Turquoise Hill Resources Ltd.'s company bio, employee growth, exchange listings and data sources
- Name: Turquoise Hill Resources Ltd.
- Ticker: TRQ
- Exchange: TSX
- Founded: 1994
- Industry: Diversified Metals and Mining
- Sector: Materials
- Market Cap: CA$1.107b
- Shares outstanding: 2.01b
- Website: https://www.turquoisehill.com
Number of Employees
- Turquoise Hill Resources Ltd.
- 1 Place Ville-Marie
- Suite 3680
- H3B 3P2
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|TRQ||TSX (The Toronto Stock Exchange)||Yes||Common Shares||CA||CAD||Jun 1996|
|IHM||DB (Deutsche Boerse AG)||Yes||Common Shares||DE||EUR||Jun 1996|
|TRQ||NYSE (New York Stock Exchange)||Yes||Common Shares||US||USD||Jun 1996|
|0VM4||LSE (London Stock Exchange)||Yes||Common Shares||GB||CAD||Jun 1996|
Turquoise Hill Resources Ltd., together with its subsidiaries, operates as a mining company. The company explores for copper, gold, and silver deposits. It primarily develops and operates the Oyu Tolgoi mine located in the southern Mongolia. The company was formerly known as Ivanhoe Mines Ltd. and changed its name to Turquoise Hill Resources Ltd. in August 2012. Turquoise Hill Resources Ltd. was founded in 1994 and is based in Montreal, Canada. Turquoise Hill Resources Ltd. operates as a subsidiary of Rio Tinto Group
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/04/04 03:40|
|End of Day Share Price||2020/04/03 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.