BST:LMK

Stock Analysis Report

Landore Resources

Executive Summary

Landore Resources Limited, through its subsidiary, Landore Resources Canada Inc., acquires, explores for, and develops precious and base metal projects in eastern Canada.


Snowflake Analysis

Adequate balance sheet with weak fundamentals.

Share Price & News

How has Landore Resources's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: LMK's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

0%

LMK

14.8%

DE Metals and Mining

7.2%

DE Market


1 Year Return

-90.0%

LMK

-51.9%

DE Metals and Mining

-17.5%

DE Market

Return vs Industry: LMK underperformed the German Metals and Mining industry which returned -48% over the past year.

Return vs Market: LMK underperformed the German Market which returned -14.1% over the past year.


Shareholder returns

LMKIndustryMarket
7 Day0%14.8%7.2%
30 Day-80.0%-38.7%-22.3%
90 Day-80.0%-51.1%-26.1%
1 Year-90.0%-90.0%-51.5%-51.9%-14.9%-17.5%
3 Year-98.1%-98.1%-69.8%-70.7%-18.7%-25.7%
5 Year-97.4%-97.4%-69.6%-71.1%-17.8%-29.1%

Price Volatility Vs. Market

How volatile is Landore Resources's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is Landore Resources undervalued compared to its fair value and its price relative to the market?

13.55x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate LMK's fair value to establish if it is undervalued.

Significantly Below Fair Value: Insufficient data to calculate LMK's fair value to establish if it is undervalued.


Price To Earnings Ratio

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

PE vs Market: LMK is unprofitable, so we can't compare its PE Ratio to the German market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate LMK's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: LMK is overvalued based on its PB Ratio (13.5x) compared to the DE Metals and Mining industry average (2.1x).


Next Steps

Future Growth

How is Landore Resources forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

10.3%

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 Landore 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 SimplyWall St do have past financial data.


Next Steps

Past Performance

How has Landore Resources performed over the past 5 years?

10.3%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: LMK is currently unprofitable.

Growing Profit Margin: LMK is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: LMK is unprofitable, but has reduced losses over the past 5 years at a rate of 10.3% per year.

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

Earnings vs Industry: LMK is unprofitable, making it difficult to compare its past year earnings growth to the Metals and Mining industry (-12.8%).


Return on Equity

High ROE: LMK has a negative Return on Equity (-456.5%), as it is currently unprofitable.


Next Steps

Financial Health

How is Landore Resources's financial position?


Financial Position Analysis

Short Term Liabilities: LMK's short term assets (£737.7K) exceed its short term liabilities (£287.5K).

Long Term Liabilities: LMK has no long term liabilities.


Debt to Equity History and Analysis

Debt Level: LMK is debt free.

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


Balance Sheet

Inventory Level: LMK has a low level of unsold assets or inventory.

Debt Coverage by Assets: Insufficient data to determine if LMK'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: LMK has less than a year of cash runway based on its current free cash flow.

Forecast Cash Runway: LMK has less than a year of cash runway if free cash flow continues to reduce at historical rates of -2.6% each year


Next Steps

Dividend

What is Landore Resources's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

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

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

Growing Dividend: Insufficient data to determine if LMK'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 LMK's dividend in 3 years as they are not forecast to pay a notable one for the German market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

0.08yrs

Average management tenure


CEO

Bill Humphries (78yo)

4.75s

Tenure

Mr. William H. Humphries, also known as Bill, has been the Chief Executive Officer of Landore Resources Ltd. since June 2015. Mr. Humphries serves as Managing Director of HPD Exploration PLC. Mr. Humphries ...


Leadership Team

NamePositionTenureCompensationOwnership
William Humphries
CEO & Director4.75yrsno data4.78% £393.5k
Richard Prickett
Consultant0.083yrno data1% £82.5k
Glenn Featherby
Finance Director & Director0.17yrno datano data

0.08yrs

Average Tenure

68yo

Average Age

Experienced Management: LMK's management team is not considered experienced ( 0.1 years average tenure), which suggests a new team.


Ownership

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.


Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 21.2%.


Top Shareholders

Company Information

Landore Resources Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Landore Resources Limited
  • Ticker: LMK
  • Exchange: BST
  • Founded: 2005
  • Industry: Diversified Metals and Mining
  • Sector: Materials
  • Market Cap: UK£7.347m
  • Listing Market Cap: UK£8.224m
  • Shares outstanding: 1.34b
  • Website: https://www.landore.com

Number of Employees


Location

  • Landore Resources Limited
  • La Tonnelle House
  • Les Banques
  • Saint Sampson
  • GY1 3HS
  • Guernsey

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
LNDAIM (London Stock Exchange AIM Market)YesOrdinary SharesGBGBPApr 2005
LMKBST (Boerse-Stuttgart)YesOrdinary SharesDEEURApr 2005

Biography

Landore Resources Limited, through its subsidiary, Landore Resources Canada Inc., acquires, explores for, and develops precious and base metal projects in eastern Canada. It primarily explores for nickel, copper, cobalt, iron, platinum, palladium, gold, and lithium deposits. The company holds 100% interest in Junior Lake property, which include 4 leases and 1,419 staked mining claims that cover an area of approximately 30,507 hectares located in the province of Ontario, Canada; Miminiska Lake property comprises 28 patented and 23 staked claims in southern block, and 570 staked claims in the northern block covering an area of approximately 5,494 hectares. It also owns interests in Frond Lake property comprising 24 patented claims that cover an area of approximately 485 hectares; Lessard property consisting of 109 mining claims covering an area of approximately 2,168 hectares; Wottam property, which include 255 claims; and the West Graham property consists of 1 patented lot of 130 hectares, as well as 8 properties in Nevada. Landore Resources Limited was incorporated in 2005 and is based in Saint Sampson, Guernsey. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/03/27 22:16
End of Day Share Price2020/03/27 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


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.