Executive Summary
African Gold Group, Inc., an exploration and development company, engages in the acquisition, exploration, and development of gold properties in West Africa.
Risk Analysis
Earnings have declined by -23.96% per year over past 5 years
Currently unprofitable and not forecast to become profitable over the next 3 years
+ 2 more risks
Snowflake Analysis
Adequate balance sheet and overvalued.
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's share price has been volatile over the past 3 months.
Market Performance
7 Day Return
0%
AGG
0.8%
CA Metals and Mining
0.4%
CA Market
1 Year Return
-15.6%
AGG
26.9%
CA Metals and Mining
10.1%
CA Market
Return vs Industry: AGG underperformed the Canadian Metals and Mining industry which returned 26.9% over the past year.
Return vs Market: AGG underperformed the Canadian Market which returned 10.4% over the past year.
Shareholder returns
| AGG | Industry | Market | |
|---|---|---|---|
| 7 Day | 0% | 0.8% | 0.4% |
| 30 Day | -35.6% | -0.2% | 2.1% |
| 90 Day | -44.1% | 7.6% | 6.4% |
| 1 Year | -15.6%-15.6% | 27.8%26.9% | 13.6%10.1% |
| 3 Year | -63.8%-63.8% | -0.3%-2.1% | 17.2%6.6% |
| 5 Year | -53.9%-53.9% | 28.8%24.6% | 37.5%17.3% |
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
1 month ago | Simply Wall St
Who Has Been Buying African Gold Group, Inc. (CVE:AGG) Shares?1 year ago | Simply Wall St
Breaking Down African Gold Group Inc's (CVE:AGG) Ownership StructureValuation
Is African Gold Group undervalued compared to its fair value and its price relative to the market?
0.45x
Price to Book (PB) ratio
Share Price vs. Fair Value
Below Fair Value: Insufficient data to calculate AGG's fair value to establish if it is undervalued.
Significantly Below Fair Value: Insufficient data to calculate AGG's fair value to establish if it is undervalued.
Price To Earnings Ratio
PE vs Industry: AGG is unprofitable, so we can't compare its PE Ratio to the 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 (0.4x) compared to the CA Metals and Mining industry average (1.5x).
Next Steps
Future Growth
How is African Gold Group forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
18.8%
Forecasted Materials industry annual growth in earnings
In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as African Gold Group has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.
This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.
Next Steps
- Examine African Gold Group's financial health to determine how well-positioned it is against times of financial stress by looking at its level of debt over time and how much cash it has left.
- African Gold Group competitive advantages and company strategy can generally be found in its financial reports archived here.
- Explore growth companies in the Materials industry.
Past Performance
How has African Gold Group performed over the past 5 years?
-24.0%
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 -24% 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 (-1.4%).
Return on Equity
High ROE: AGG has a negative Return on Equity (-15.97%), as it is currently unprofitable.
Return on Assets
Return on Capital Employed
Next Steps
Financial Health
How is African Gold Group's financial position?
Financial Position Analysis
Short Term Liabilities: AGG's short term assets ($2.2M) exceed its short term liabilities ($2.1M).
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
Inventory Level: AGG has a high level of physical assets or inventory.
Debt Coverage by Assets: Insufficient data to determine if AGG's debt is covered by short term assets.
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 -6.2% each year
Next Steps
Dividend
What is African Gold Group's current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: Unable to evaluate AGG's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.
High Dividend: Unable to evaluate AGG'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 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
What is the CEO of African Gold Group's salary, the management and board of directors tenure and is there insider trading?
0.5yrs
Average management tenure
CEO
Stan Bharti (67yo)
0.4yrs
Tenure
US$300,000
Compensation
Mr. Stalin Bharti, also known as Stan, P.Eng, M.Sc., DIC, C.Eng, M. Eng. serves as Director at Fura Gems Inc. since August 2, 2019. He serves as strategic Consultant of Desert Lion Energy Inc. since Januar ...
CEO Compensation Analysis
Compensation vs Market: Stan's total compensation ($USD229.62K) is above average for companies of similar size in the Canadian market ($USD165.67K).
Compensation vs Earnings: Stan's compensation has been consistent with company performance over the past year.
Management Age and Tenure
0.5yrs
Average Tenure
51yo
Average Age
Experienced Management: AGG's management team is not considered experienced ( 0.5 years average tenure), which suggests a new team.
Board Age and Tenure
2.5yrs
Average Tenure
66yo
Average Age
Experienced Board: AGG's board of directors are not considered experienced ( 2.5 years average tenure), which suggests a new board.
Insider Trading
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
| Entity | Individual |
| Shares | 200,000 |
| Max Price | CA$0.21 |
| Entity | Individual |
| Role | Chief Executive Officer Chairman of the Board |
| Shares | 45,000 |
| Max Price | CA$0.25 |
Ownership Breakdown
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 10.6%.
Management Team
Stan Bharti (67yo)
Chairman of the Board
- Tenure: 0.4yrs
- Compensation: US$300.00k
Declan Franzmann (51yo)
Executive Director
- Compensation: US$1.26m
Ryan Ptolemy (43yo)
CFO & Director
- Compensation: US$60.00k
Danny Callow
Chief Operating Officer
- Tenure: 0.4yrs
Andy Rompel
Vice President of Exploration
- Tenure: 0.6yrs
Kenny Choi
Corporate Secretary
- Tenure: 0.6yrs
Daniyal Baizak
Vice President of Corporate Development
- Tenure: 0.4yrs
Board Members
John Begeman (65yo)
Independent Director
- Tenure: 2.8yrs
Stan Bharti (67yo)
Chairman of the Board
- Tenure: 0.4yrs
- Compensation: US$300.00k
Pierre Pettigrew (69yo)
Independent Director
- Tenure: 2.5yrs
Ryan Ptolemy (43yo)
CFO & Director
- Compensation: US$60.00k
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$14.526m
- Shares outstanding: 76.45m
- Website: https://www.africangoldgroup.com
Location
- African Gold Group, Inc.
- 65 Queen Street West
- Suite 805
- Toronto
- Ontario
- M5H 2M5
- Canada
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| AGG | TSXV (TSX Venture Exchange) | Yes | Common Shares | CA | CAD | Jul 1990 |
| 3A61 | DB (Deutsche Boerse AG) | Yes | Common Shares | DE | EUR | Jul 1990 |
| AGGF.F | OTCPK (Pink Sheets LLC) | Yes | Common Shares | US | USD | Jul 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 gold project in Mali; and the Madougou gold project in Burkina Faso. The company was incorporated in 2002 and is headquartered in Toronto, Canada.Â
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/01/24 00:10 |
| End of Day Share Price | 2020/01/23 00:00 |
| Earnings | 2019/09/30 |
| Annual Earnings | 2018/12/31 |
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.