Executive Summary
Acacia Mining plc, together with its subsidiaries, mines, processes, and sells gold in Africa.
Rewards
Risk Analysis
Snowflake Analysis
Flawless balance sheet and fair value.
Similar Companies
Share Price & News
How has Acacia Mining's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: 33A's share price has been volatile over the past 3 months.
Market Performance
7 Day Return
-1.4%
33A
1.2%
DE Metals and Mining
1.7%
DE Market
1 Year Return
119.5%
33A
-13.5%
DE Metals and Mining
15.0%
DE Market
Return vs Industry: 33A exceeded the German Metals and Mining industry which returned -20% over the past year.
Return vs Market: 33A exceeded the German Market which returned 17.1% over the past year.
Shareholder returns
| 33A | Industry | Market | |
|---|---|---|---|
| 7 Day | -1.4% | 1.2% | 1.7% |
| 30 Day | -3.4% | -4.9% | 1.4% |
| 90 Day | 33.8% | -9.5% | 3.3% |
| 1 Year | 119.5%119.5% | -12.6%-13.5% | 18.5%15.0% |
| 3 Year | -54.6%-55.3% | -42.3%-44.0% | 17.1%6.9% |
| 5 Year | 0.5%-3.0% | -39.2%-42.3% | 24.3%7.3% |
Price Volatility Vs. Market
How volatile is Acacia Mining's share price compared to the market and industry in the last 5 years?
Simply Wall St News
No news available
Valuation
Is Acacia Mining 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: 33A (€2.59) is trading below our estimate of fair value (€5.58)
Significantly Below Fair Value: 33A is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: 33A is poor value based on its PE Ratio (576.7x) compared to the Metals and Mining industry average (10.5x).
PE vs Market: 33A is poor value based on its PE Ratio (576.7x) compared to the German market (20.6x).
Price to Earnings Growth Ratio
PEG Ratio: 33A is poor value based on its PEG Ratio (48.9x)
Price to Book Ratio
PB vs Industry: 33A is good value based on its PB Ratio (1x) compared to the DE Metals and Mining industry average (4.1x).
Next Steps
Future Growth
How is Acacia Mining forecast to perform in the next 1 to 3 years based on estimates from 8 analysts?
11.8%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: 33A's forecast earnings growth (11.8% per year) is above the savings rate (0.2%).
Earnings vs Market: 33A's earnings (11.8% per year) are forecast to grow slower than the German market (13.2% per year).
High Growth Earnings: 33A's earnings are forecast to grow, but not significantly.
Revenue vs Market: 33A's revenue (0.4% per year) is forecast to grow slower than the German market (4.8% per year).
High Growth Revenue: 33A's revenue (0.4% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: Insufficient data to determine if 33A's Return on Equity is forecast to be high in 3 years time
Next Steps
Past Performance
How has Acacia Mining performed over the past 5 years?
-18.2%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: 33A has a large one-off gain of $8.8M impacting its March 31 2019 financial results.
Growing Profit Margin: 33A became profitable in the past.
Past Earnings Growth Analysis
Earnings Trend: 33A has become profitable over the past 5 years, growing earnings by -18.2% per year.
Accelerating Growth: 33A has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.
Earnings vs Industry: 33A has become profitable in the last year, making it difficult to compare its past year earnings growth to the Metals and Mining industry (-9.2%).
Return on Equity
High ROE: 33A's Return on Equity (0.2%) is considered low.
Return on Assets
Return on Capital Employed
Next Steps
Financial Health
How is Acacia Mining's financial position?
Financial Position Analysis
Short Term Liabilities: 33A's short term assets ($574.6M) exceed its short term liabilities ($402.7M).
Long Term Liabilities: 33A's short term assets ($574.6M) exceed its long term liabilities ($238.4M).
Debt to Equity History and Analysis
Debt Level: 33A's debt to equity ratio (3.6%) is considered satisfactory.
Reducing Debt: 33A's debt to equity ratio has reduced from 7.5% to 3.6% over the past 5 years.
Balance Sheet
Inventory Level: 33A has a high level of physical assets or inventory.
Debt Coverage by Assets: 33A's debt is covered by short term assets (assets are 13.4x 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: 33A is profitable, therefore cash runway is not a concern.
Forecast Cash Runway: 33A is profitable, therefore cash runway is not a concern.
Next Steps
Dividend
What is Acacia Mining's current dividend yield, its reliability and sustainability?
0.72%
Forecast Dividend Yield
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: Unable to evaluate 33A's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.
High Dividend: Unable to evaluate 33A'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 33A's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if 33A's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: 33A is not paying a notable dividend for the German market.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of 33A'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?
1.7yrs
Average management tenure
CEO
Peter Geleta (55yo)
1.7yrs
Tenure
US$1,008,830
Compensation
Mr. Peter Geleta has been Interim CEO and Director of Acacia Mining plc since January 1, 2018. Mr. Geleta has 35 years of mining industry experience in both operational and corporate leadership positions, ...
CEO Compensation Analysis
Compensation vs Market: Peter's total compensation ($USD1.26M) is about average for companies of similar size in the German market ($USD1.28M).
Compensation vs Earnings: Insufficient data to compare Peter's compensation with company performance.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Interim CEO & Executive Director | 1.7yrs | US$1.01m | no data | |
| Chief Financial Officer | 1.7yrs | no data | no data | |
| Head of Investor Relations & Communications | 0yrs | no data | no data | |
| Managing Director for the Tanzanian operations | 1.6yrs | no data | no data | |
| Company Secretary | 0yrs | no data | no data |
1.7yrs
Average Tenure
49yo
Average Age
Experienced Management: 33A's management team is not considered experienced ( 1.7 years average tenure), which suggests a new team.
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Interim CEO & Executive Director | 1.7yrs | US$1.01m | no data | |
| Independent Non-Executive Director | 0.4yrs | no data | no data | |
| Independent Non-Executive Director | 5.9yrs | US$123.83k | no data | |
| Interim Chair of the Board | 1yrs | US$194.50k | 0.0042% $45.9k | |
| Independent Non-Executive Director | 0.4yrs | no data | no data | |
| Non-Executive Director | 9.5yrs | no data | no data | |
| Independent Non-Executive Director | 0.4yrs | no data | no data |
1.0yrs
Average Tenure
59yo
Average Age
Experienced Board: 33A's board of directors are not considered experienced ( 1 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: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
Company Information
Acacia Mining plc's company bio, employee growth, exchange listings and data sources
Key Information
- Name: Acacia Mining plc
- Ticker: 33A
- Exchange: DB
- Founded: 2010
- Industry: Gold
- Sector: Materials
- Market Cap: UK£959.600m
- Listing Market Cap: UK£1.083b
- Shares outstanding: 410.09m
- Website: https://www.acaciamining.com
Number of Employees
Location
- Acacia Mining plc
- No. 1 Cavendish Place
- 5th Floor
- London
- Greater London
- W1G 0QF
- United Kingdom
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| ACA | LSE (London Stock Exchange) | Yes | Ordinary Shares | GB | GBP | Mar 2010 |
| 33A | DB (Deutsche Boerse AG) | Yes | Ordinary Shares | DE | EUR | Mar 2010 |
| ABGL.F | OTCPK (Pink Sheets LLC) | Yes | Ordinary Shares | US | USD | Mar 2010 |
Biography
Acacia Mining plc, together with its subsidiaries, mines, processes, and sells gold in Africa. The company has three gold mines in north-west Tanzania, including Bulyanhulu, Buzwagi, and North Mara; and a portfolio of exploration projects at various stages of development in Tanzania, Kenya, Burkina Faso, and Mali. It also produces co-products, such as copper and silver. The company was formerly known as African Barrick Gold plc and changed its name to Acacia Mining plc in November 2014. The company was incorporated in 2010 and is headquartered in London, the United Kingdom. Acacia Mining plc is a subsidiary of Barrick Gold Corporation.
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2019/09/17 21:14 |
| End of Day Share Price | 2019/09/16 00:00 |
| Earnings | 2019/03/31 |
| 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.