Novo Resources Corp., together with its subsidiaries, engages in evaluating, acquiring, and exploring natural resource properties in Canada, Australia, and the United States.
The last earnings update was 20 days ago.
Value is all about what a company is worth versus what price it is
available for. If you went into a grocery store and all the bananas were on sale
at half price, they could be considered
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
It is not possible to calculate the future cash flow value for
Novo Resources. This is due to cash flow or dividend data being
unavailable. The share price is
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for
it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing
when they are out of season, or how much your home is worth.
The amount the stock market is willing to pay for
is considered below, and whether this is a fair price.
Price based on past earnings
Novo Resources's earnings available for a low price, and how does
this compare to other companies in the same industry?
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 Novo Resources 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 Simply Wall St do have past financial data. You can see them here.
Show me the analysis anyway
The future performance of a company is measured in the same way as past
performance, by looking at estimated
and how much profit it is expected to make.
Future estimates come from
professional analysts. Just like forecasting the weather, they don’t always get
Expected Metals and Mining industry annual growth in earnings.
Earnings growth vs Low Risk Savings
expected to grow at an
Unable to compare Novo Resources's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
Unable to compare Novo Resources's earnings growth to the Canada market average as no estimate data is available.
Unable to compare Novo Resources's revenue growth to the Canada market average as no estimate data is available.
Unable to determine if Novo Resources is high growth as no earnings estimate data is available.
Unable to determine if Novo Resources is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can
be gauged below. We look back 3 years and see if they were any good at
predicting what actually occurred. We also show the highest and lowest estimates
looking forward to see if there is a wide range.
Novo Resources's performance over the past 5 years by checking for:
Has earnings increased in past 5 years? (1 check)
Has the earnings growth in the last year exceeded that of the
Metals and Mining
industry? (1 check)
Is the recent earnings growth over the last year higher than the average annual growth over the
past 5 years? (1 check)
Is the Return on Equity (ROE) higher than 20%? (1 check)
Is the Return on Assets (ROA) above industry average? (1 check)
Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent
earnings report. Some checks require at least 3 or 5 years worth of data.
has a total score of
0/6, see the detailed checks below.
Note: We use GAAP Net Income excluding extraordinary items in all our calculations.
Management is one of the most important areas of a company. We look at
unreasonable CEO compensation, how long the team and board of directors have
been around for and insider trading.
TENURE AS CEO
Mr. Robert Humphryson, also known as Rob, has been Chief Executive Officer at Novo Resources Corp. since June 2017. Mr. Humphryson served as Business Development Manager at Swick Mining Services Limited since May 2015 until June 2, 2017. Mr. Humphryson is a Mining Engineer with over 25 years experience in the mining industry, having exposure to open pit and underground mining from both an owner operator and contractor's perspective. Mr. Humphryson was employed at Macmahon Underground for 17 years, culminating in executive leadership roles within Macmahon Underground, followed by 2 years as Chief Operating Officer of Silver Lake Resources. Mr. Humphryson served as the Chief Operating Officer of Silver Lake Resources Limited since March 19, 2012 until April 3, 2014. He commenced at Swick in May 2015 in the dual roles of Business Development Manager and Customer Relationship Manager. Mr. Humphryson is a Member of the AusIMM. He is a Mining Engineer, graduated from the Western Australian School of Mines in 1990.
Insufficient data for Rob to compare compensation growth.
Rob's remuneration is about average for companies of similar size in Canada.
Management Team Tenure
Average tenure of the
management team in years:
The tenure for the Novo Resources management team is about average.
Chairman of the Board & President
Chief Executive Officer & Director
CFO & Corporate Secretary
Vice President of Corporate Communications
Board of Directors Tenure
Average tenure and age of the
board of directors in years:
The average tenure for the Novo Resources board of directors is less than 3 years, this suggests a new board.
Board of Directors
Chairman of the Board & President
Chief Executive Officer & Director
Who owns this company?
Recent Insider Trading
No 3 month individual insider trading information.
Novo Resources Corp., together with its subsidiaries, engages in evaluating, acquiring, and exploring natural resource properties in Canada, Australia, and the United States. It primarily focuses on the Karratha gold project covering approximately 8,000 square kilometers of tenements in the Karratha region of Western Australia. The company was formerly known as Galliard Resources Corp. and changed its name to Novo Resources Corp. in June 2011. Novo Resources Corp. was incorporated in 2009 and is headquartered in Vancouver, Canada.
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