TSXV:AGG

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African Gold Group

Executive Summary

African Gold Group, Inc., an exploration and development company, engages in the acquisition, exploration, and development of gold properties in West Africa. More Details


Snowflake Analysis

Adequate balance sheet and fair value.


Similar Companies

Share Price & News

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


Latest Share Price and Events

Stable Share Price: AGG is not significantly more volatile than the rest of Canadian stocks over the past 3 months, typically moving +/- 8% a week.

Volatility Over Time: AGG's weekly volatility has decreased from 16% to 8% over the past year.


Market Performance


7 Day Return

-6.1%

AGG

1.9%

CA Metals and Mining

-0.2%

CA Market


1 Year Return

-24.4%

AGG

33.4%

CA Metals and Mining

1.5%

CA Market

Return vs Industry: AGG underperformed the Canadian Metals and Mining industry which returned 33.7% over the past year.

Return vs Market: AGG underperformed the Canadian Market which returned 1.4% over the past year.


Shareholder returns

AGGIndustryMarket
7 Day-6.1%1.9%-0.2%
30 Day-8.8%-0.6%2.7%
90 Day-22.5%-2.4%12.5%
1 Year-24.4%-24.4%34.6%33.4%5.2%1.5%
3 Year-54.1%-54.1%39.6%36.6%13.5%2.7%
5 Year-48.3%-48.3%161.0%152.6%60.0%35.5%

Long-Term Price Volatility Vs. Market

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


Simply Wall St News

Valuation

Is African Gold Group 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: AGG (CA$0.16) is trading below our estimate of fair value (CA$18.57)

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


Price To Earnings Ratio

PE vs Industry: AGG is unprofitable, so we can't compare its PE Ratio to the CA Metals and Mining industry average.

PE vs Market: AGG 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 AGG's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: AGG is good value based on its PB Ratio (0.6x) compared to the CA Metals and Mining industry average (3x).


Next Steps

Future Growth

How is African Gold Group forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

61.9%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: AGG is forecast to remain unprofitable over the next 3 years.

Earnings vs Market: AGG is forecast to remain unprofitable over the next 3 years.

High Growth Earnings: AGG is forecast to remain unprofitable over the next 3 years.

Revenue vs Market: Insufficient data to determine if AGG's revenue is forecast to grow faster than the Canadian market.

High Growth Revenue: Insufficient data to determine if AGG's revenue is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: AGG is forecast to be unprofitable in 3 years.


Next Steps

Past Performance

How has African Gold Group performed over the past 5 years?

-43.9%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: AGG is currently unprofitable.

Growing Profit Margin: AGG is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: AGG is unprofitable, and losses have increased over the past 5 years at a rate of 43.9% per year.

Accelerating Growth: Unable to compare AGG's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: AGG is unprofitable, making it difficult to compare its past year earnings growth to the Metals and Mining industry (78.3%).


Return on Equity

High ROE: AGG has a negative Return on Equity (-21.18%), as it is currently unprofitable.


Next Steps

  • Explore strong past performing companies in the Materials industry.

Financial Health

How is African Gold Group's financial position?


Financial Position Analysis

Short Term Liabilities: AGG's short term assets ($3.4M) exceed its short term liabilities ($1.9M).

Long Term Liabilities: AGG has no long term liabilities.


Debt to Equity History and Analysis

Debt Level: AGG is debt free.

Reducing Debt: AGG has not had any debt for past 5 years.


Balance Sheet


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: AGG has less than a year of cash runway based on its current free cash flow.

Forecast Cash Runway: AGG has less than a year of cash runway if free cash flow continues to reduce at historical rates of 16.9% each year


Next Steps

Dividend

What is African Gold Group current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

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

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

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

1.6yrs

Average management tenure


CEO

Danny Callow (48 yo)

0.58

Tenure

US$151,506

Compensation

Mr. Daniel John Callow, also known as Danny, P. Eng, MBA, has been Director at African Gold Group, Inc. since August 06, 2020. Mr. Callow serves as an Independent Director of Euro Sun Mining Inc. since Oct...


CEO Compensation Analysis

Compensation vs Market: Danny's total compensation ($USD151.51K) is about average for companies of similar size in the Canadian market ($USD152.85K).

Compensation vs Earnings: Insufficient data to compare Danny's compensation with company performance.


Leadership Team

NamePositionTenureCompensationOwnership
Daniel Callow
CEO, President & Director0.58yrUS$151.51k0.60%
$ 139.5k
Ryan Ptolemy
Chief Financial Officer3.5yrsUS$46.26k0.060%
$ 13.9k
Daniyal Baizak
Vice President of Corporate Development1.42yrsno data0.21%
$ 49.6k
Declan Franzmann
Executive Directorno dataUS$1.00mno data
Andreas Rompel
Vice President of Exploration1.58yrsno data0.027%
$ 6.2k
Kenny Choi
Corporate Secretary1.58yrsno data0.067%
$ 15.5k

1.6yrs

Average Tenure

48yo

Average Age

Experienced Management: AGG's management team is not considered experienced ( 1.6 years average tenure), which suggests a new team.


Board Members

NamePositionTenureCompensationOwnership
Daniel Callow
CEO, President & Director0.58yrUS$151.51k0.60%
$ 139.5k
John Begeman
Lead Independent Director0.58yrno data0.11%
$ 25.3k
Pierre Pettigrew
Independent Director3.5yrsno data0.27%
$ 62.0k
Jan-Erik Back
Independent Vice Chairman0.58yrno data0.27%
$ 62.0k
Scott Eldridge
Independent Non-Executive Chairman0.58yrno data0.40%
$ 93.0k

0.6yrs

Average Tenure

66yo

Average Age

Experienced Board: AGG's board of directors are not considered experienced ( 0.6 years average tenure), which suggests a new board.


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: AGG insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have been substantially diluted in the past year, with total shares outstanding growing by 94.9%.


Top Shareholders

Company Information

African Gold Group, Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: African Gold Group, Inc.
  • Ticker: AGG
  • Exchange: TSXV
  • Founded: 2002
  • Industry: Gold
  • Sector: Materials
  • Market Cap: CA$23.090m
  • Shares outstanding: 148.97m
  • Website: https://www.africangoldgroup.com

Location

  • African Gold Group, Inc.
  • 65 Queen Street West
  • Suite 805
  • Toronto
  • Ontario
  • M5H 2M5
  • Canada

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
AGGTSXV (TSX Venture Exchange)YesCommon SharesCACADJul 1990
3A61DB (Deutsche Boerse AG)YesCommon SharesDEEURJul 1990
AGGF.FOTCPK (Pink Sheets LLC)YesCommon SharesUSUSDJul 1990

Biography

African Gold Group, Inc., an exploration and development company, engages in the acquisition, exploration, and development of gold properties in West Africa. It focuses on the development of the Kobada gol...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/01/24 00:24
End of Day Share Price2021/01/22 00:00
Earnings2020/09/30
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.