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Acacia Mining

DB:33A
Snowflake Description

Flawless balance sheet with limited growth.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
33A
DB
£1B
Market Cap
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Last updated 2019/02/22 21:48
Company description

Acacia Mining plc, together with its subsidiaries, mines, processes, and sells gold in Africa. The last earnings update was 11 days ago. More info.

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  • Acacia Mining has significant price volatility in the past 3 months.
33A Share Price and Events
7 Day Returns
28%
DB:33A
0.2%
DE Metals and Mining
2.2%
DE Market
1 Year Returns
80.3%
DB:33A
-39.2%
DE Metals and Mining
-11%
DE Market
33A Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Acacia Mining (33A) 28% 44.8% 35% 80.3% -8.5% -16.2%
DE Metals and Mining 0.2% -9% -15.1% -39.2% 0.9% -23.5%
DE Market 2.2% 2.7% 1.6% -11% 13.6% 6.8%
1 Year Return vs Industry and Market
  • 33A outperformed the Metals and Mining industry which returned -39.2% over the past year.
  • 33A outperformed the Market in Germany which returned -11% over the past year.
Price Volatility
33A
Industry
5yr Volatility vs Market

33A Value

 Is Acacia Mining undervalued based on future cash flows and its price relative to the stock market?

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 undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Acacia Mining to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data    Our calculation method for this is changing soon.

Below are the data sources, inputs and calculation used to determine the intrinsic value for Acacia Mining.

DB:33A Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 12 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 11.4%
Perpetual Growth Rate 10-Year DE Government Bond Rate 0.2%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for DB:33A
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate 0.2%
Equity Risk Premium S&P Global 9.8%
Metals and Mining Unlevered Beta Simply Wall St/ S&P Global 1.12
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.119 (1 + (1- 19%) (3.21%)) 		1.148
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)		 1.15
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.23% + (1.148 * 9.77%) 		11.44%

Discounted Cash Flow Calculation for DB:33A using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Acacia Mining is arrived at by discounting future cash flows to their present value using the 2 stage method. We use analyst's estimates of cash flows going forward 5 years for the 1st stage, the 2nd stage assumes the company grows at a stable rate into perpetuity.

DB:33A DCF 1st Stage: Next 5 year cash flow forecast
2019 2020 2021 2022 2023
Levered FCF (USD, Millions) 116.32 79.40 62.10 59.06 56.17
Source Analyst x6 Analyst x7 Analyst x2 Est @ -4.89% Est @ -4.89%
Present Value
Discounted (@ 11.44%) 		104.37 63.93 44.87 38.29 32.68
Present value of next 5 years cash flows $284.15
DB:33A DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2023 × (1 + g) ÷ (Discount Rate – g)
= $56.17 × (1 + 0.23%) ÷ (11.44% – 0.23%) 		$502.04
Present Value of Terminal Value = Terminal Value ÷ (1 + r)5
= $502.04 ÷ (1 + 11.44%)5 		$292.07
DB:33A Total Equity Value
Calculation Result
Total Equity Value = Present value of next 5 years cash flows + Terminal Value
= $284.15 + $292.07 		$576.22
Equity Value per Share
(USD)		 = Total value / Shares Outstanding
= $576.22 / 410.09 		$1.41
DB:33A Discount to Share Price
Calculation Result
Exchange Rate USD/GBP
(Reporting currency to currency of LSE:ACA) 		0.766
Value per Share
(GBP)		 = Value per Share in USD x Exchange Rate (USD/GBP)
= $1.41 x 0.766 		£1.08
Non-primary Listing Adjustment Factor 1 share in DB:33A represents 1.14692x of LSE:ACA
(This could be a different class, a depositary receipt, a different currency, or all of these things.) 		1.14692x
Value per Share
(Listing Adjusted, EUR)		 = Value per Share (GBP) x Listing Adjustment Factor
= £ 1.08 x 1.14692 		€1.23
Value per share (EUR) From above. €1.23
Current discount Discount to share price of €2.87
= -1 x (€2.87 - €1.23) / €1.23 		-132.1%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of Acacia Mining is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
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 Acacia Mining's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Acacia Mining's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:33A PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in USD $0.14
LSE:ACA Share Price ** LSE (2019-02-22) in GBP £2.5
LSE:ACA Share Price converted to USD reporting currency Exchange rate (GBP/ USD) 1.306 $3.26
Germany Metals and Mining Industry PE Ratio Median Figure of 5 Publicly-Listed Metals and Mining Companies 14.76x
Germany Market PE Ratio Median Figure of 420 Publicly-Listed Companies 18.09x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Acacia Mining.

DB:33A PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= LSE:ACA Share Price ÷ EPS (both in USD)

= 3.26 ÷ 0.14

 22.72x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Acacia Mining is overvalued based on earnings compared to the DE Metals and Mining industry average.
  • Acacia Mining is overvalued based on earnings compared to the Germany market.
Price based on expected Growth
Does Acacia Mining's expected growth come at a high price?
Raw Data
DB:33A PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 22.72x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 12 Analysts		 16.8%per year
Europe Metals and Mining Industry PEG Ratio Median Figure of 57 Publicly-Listed Metals and Mining Companies 0.8x
Germany Market PEG Ratio Median Figure of 277 Publicly-Listed Companies 1.38x

*Line of best fit is calculated by linear regression .

DB:33A PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 22.72x ÷ 16.8%

 1.35x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Acacia Mining is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Acacia Mining's assets?
Raw Data
DB:33A PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in USD $2.85
LSE:ACA Share Price * LSE (2019-02-22) in GBP £2.5
LSE:ACA Share Price converted to USD reporting currency Exchange rate (GBP/ USD) 1.306 $3.26
Germany Metals and Mining Industry PB Ratio Median Figure of 9 Publicly-Listed Metals and Mining Companies 2.62x
Germany Market PB Ratio Median Figure of 565 Publicly-Listed Companies 1.8x
DB:33A PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= LSE:ACA Share Price ÷ Book Value per Share (both in USD)

= 3.26 ÷ 2.85

 1.14x

* Primary Listing of Acacia Mining.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Acacia Mining is good value based on assets compared to the DE Metals and Mining industry average.
X
Value checks
We assess Acacia Mining's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Metals and Mining industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Metals and Mining industry average (and greater than 0)? (1 check)
    5. Acacia Mining has a total score of 1/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

33A Future Performance

 How is Acacia Mining expected to perform in the next 1 to 3 years based on estimates from 12 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth 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 it right!
Annual Growth Rate
16.8%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Acacia Mining expected to grow at an attractive rate?
  • Acacia Mining's earnings growth is expected to exceed the low risk savings rate of 0.2%.
Growth vs Market Checks
  • Acacia Mining's earnings growth is expected to exceed the Germany market average.
  • Acacia Mining's revenue growth is positive but not above the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:33A Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:33A Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 12 Analysts 16.8%
DB:33A Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 12 Analysts 3.9%
Germany Metals and Mining Industry Earnings Growth Rate Market Cap Weighted Average 33.2%
Europe Metals and Mining Industry Revenue Growth Rate Market Cap Weighted Average 0.6%
Germany Market Earnings Growth Rate Market Cap Weighted Average 9.9%
Germany Market Revenue Growth Rate Market Cap Weighted Average 5.2%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
DB:33A Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 12 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:33A Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-12-31 734 274 100 6
2020-12-31 745 288 100 12
2019-12-31 703 223 82 9
DB:33A Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2018-12-31 664 126 59
2018-09-30 688 -743
2018-06-30 693 35 -739
2018-03-31 674 -684
2017-12-31 752 -23 -707
2017-09-30 826 127
2017-06-30 940 162 164
2017-03-31 1,067 174
2016-12-31 1,054 318 95
2016-09-30 1,018 -152
2016-06-30 926 206 -218
2016-03-31 874 -259

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Acacia Mining's earnings are expected to grow by 16.8% yearly, however this is not considered high growth (20% yearly).
  • Acacia Mining's revenue is expected to grow by 3.9% yearly, however this is not considered high growth (20% yearly).
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.
Raw Data
DB:33A Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 12 Analyst Estimates (S&P Global) See Below

All data from Acacia Mining Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:33A Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-12-31 0.26 0.39 0.15 5.00
2020-12-31 0.25 0.34 0.13 10.00
2019-12-31 0.23 0.25 0.20 7.00
DB:33A Past Financials Data
Date (Data in USD Millions) EPS *
2018-12-31 0.14
2018-09-30 -1.81
2018-06-30 -1.80
2018-03-31 -1.67
2017-12-31 -1.72
2017-09-30 0.31
2017-06-30 0.40
2017-03-31 0.42
2016-12-31 0.23
2016-09-30 -0.38
2016-06-30 -0.53
2016-03-31 -0.63

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Acacia Mining is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Acacia Mining's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Germany market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Europe market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Acacia Mining has a total score of 2/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

33A Past Performance

  How has Acacia Mining performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Acacia Mining's growth in the last year to its industry (Metals and Mining).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Acacia Mining's year on year earnings growth rate was negative over the past 5 years, however the most recent earnings are above average.
  • Acacia Mining has become profitable in the last year making the earnings growth rate difficult to compare to the 5-year average.
  • Acacia Mining has become profitable in the last year making it difficult to compare the DE Metals and Mining industry average.
Earnings and Revenue History
Acacia Mining's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Acacia Mining Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:33A Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 663.79 58.87 45.89
2018-09-30 688.27 -743.25 45.74
2018-06-30 693.23 -739.06 47.31
2018-03-31 674.13 -684.23 34.78
2017-12-31 751.52 -707.39 51.72
2017-09-30 826.16 126.87 45.00
2017-06-30 940.25 163.62 65.96
2017-03-31 1,066.52 174.18 94.49
2016-12-31 1,053.53 94.94 86.51
2016-09-30 1,018.31 -152.20 95.04
2016-06-30 926.30 -218.04 77.16
2016-03-31 874.15 -258.77 72.99
2015-12-31 868.13 -197.15 72.61
2015-09-30 883.32 23.01 77.69
2015-06-30 931.52 64.51 76.57
2015-03-31 928.86 77.29 70.68
2014-12-31 930.25 89.21 70.14
2014-09-30 907.99 -23.75 68.25
2014-06-30 887.15 -28.63 67.85
2014-03-31 899.83 -750.89 66.75
2013-12-31 929.00 -740.78 61.32
2013-09-30 919.75 -646.18 64.55
2013-06-30 964.63 -645.91 72.99
2013-03-31 989.66 91.35 74.35
2012-12-31 1,011.74 100.47 87.44
2012-09-30 1,084.59 150.21 89.90
2012-06-30 1,174.00 228.47 91.01
2012-03-31 1,218.83 264.88 90.63

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Acacia Mining has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Acacia Mining used its assets less efficiently than the DE Metals and Mining industry average last year based on Return on Assets.
  • Acacia Mining has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Acacia Mining's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Metals and Mining industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. 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.
Acacia Mining has a total score of 1/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

33A Health

 How is Acacia Mining's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Acacia Mining's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Acacia Mining is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Acacia Mining's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Acacia Mining's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 13.4x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Acacia Mining Company Filings, last reported 1 month ago.

DB:33A Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 1,179.61 42.89 130.60
2018-09-30 1,151.94 57.18 120.60
2018-06-30 1,151.94 57.18 120.60
2018-03-31 1,120.99 71.48 81.04
2017-12-31 1,120.99 71.48 81.04
2017-09-30
2017-06-30 1,891.11 85.72 176.41
2017-03-31 1,862.90 99.47 317.82
2016-12-31 1,862.90 99.47 317.82
2016-09-30
2016-06-30 1,768.70 114.35 284.36
2016-03-31 1,787.50 128.29 233.27
2015-12-31 1,787.50 128.29 233.27
2015-09-30
2015-06-30 2,005.04 148.09 286.93
2015-03-31 2,002.15 148.90 293.85
2014-12-31 2,002.15 148.90 293.85
2014-09-30
2014-06-30 1,958.80 153.24 269.60
2014-03-31 1,927.36 154.53 282.41
2013-12-31 1,927.36 154.53 282.41
2013-09-30
2013-06-30 2,015.11 80.90 320.87
2013-03-31 2,778.29 14.13 401.35
2012-12-31 2,778.29 14.13 401.35
2012-09-30
2012-06-30 2,807.76 17.56 503.67
2012-03-31 2,798.70 18.22 584.15
  • Acacia Mining's level of debt (3.6%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (8% vs 3.6% today).
  • Debt is well covered by operating cash flow (294.1%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 36.6x coverage).
Show me more healthy companies in the Metals and Mining industry
X
Financial health checks
We assess Acacia Mining's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
    7. Acacia Mining has a total score of 6/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

33A Dividends

 What is Acacia Mining's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from Acacia Mining dividends. Estimated to be 0.9% next year.
If you bought €2,000 of Acacia Mining shares you are expected to receive €0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate Acacia Mining's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Acacia Mining's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
DB:33A Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 12 Analyst Estimates (S&P Global) See Below
Germany Metals and Mining Industry Average Dividend Yield Market Cap Weighted Average of 5 Stocks 2%
Germany Market Average Dividend Yield Market Cap Weighted Average of 332 Stocks 3%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.9%
Germany Bottom 25% Dividend Yield 25th Percentile 1.5%
Germany Top 25% Dividend Yield 75th Percentile 3.9%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

DB:33A Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2021-12-31 0.06 4.00
2020-12-31 0.03 10.00
2019-12-31 0.02 11.00
DB:33A Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2019-02-11 0.000 0.000
2018-10-19 0.000 0.000
2018-07-20 0.000 0.000
2018-04-19 0.000 0.000
2018-03-19 0.000 0.000
2018-02-12 0.000 0.000
2017-10-20 0.000 0.000
2017-07-21 0.000 0.000
2017-04-20 0.104 2.518
2016-02-15 0.042 0.798
2015-02-16 0.042 1.201
2014-04-28 0.030 0.788
2013-02-13 0.163 5.982
2012-07-23 0.171 2.600
2012-03-20 0.163 2.774
2012-02-16 0.163 2.345
2011-07-26 0.069 0.847
2011-03-22 0.053 0.695
2010-10-22 0.032 0.364
2010-07-27 0.032 0.352

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as Acacia Mining has not reported any payouts.
  • Unable to verify if Acacia Mining's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Acacia Mining's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Acacia Mining has not reported any payouts.
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (4.6x coverage).
X
Income/ dividend checks
We assess Acacia Mining's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.9%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Acacia Mining afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
    7. Acacia Mining has a total score of 1/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

33A Management

 What is the CEO of Acacia Mining's salary, the management and board of directors tenure and is there insider trading?

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.
CEO
Peter Geleta
AGE 54
TENURE AS CEO 1.1 years
CEO Bio

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, primarily in Africa. He held senior roles at AngloGold Ashanti (25 years) and Barrick Gold Corporation (“Barrick”). He joined Acacia Mining plc (“Acacia”) in May 2012 as Vice President, Organisational Effectiveness. Since then, he has been a key Member of the Executive Team of Acacia. During his time with Acacia, he has also served as General Manager of the Bulyanhulu mine and helped lead the successful restructuring of the business. He holds an Executive MBA qualification from the University of Cape Town.

CEO Compensation
  • Insufficient data for Peter to compare compensation growth.
  • Insufficient data for Peter to establish whether their remuneration is reasonable compared to companies of similar size in Germany.
Management Team Tenure

Average tenure and age of the Acacia Mining management team in years:

1.1
Average Tenure
48
Average Age
  • The average tenure for the Acacia Mining management team is less than 2 years, this suggests a new team.
Management Team

Peter Geleta

TITLE
Interim CEO & Executive Director
AGE
54
TENURE
1.1 yrs

Jaco Maritz

TITLE
Chief Financial Officer
AGE
42
TENURE
1.1 yrs

Charlie Ritchie

TITLE
Head of Legal & Compliance and Company Secretary
AGE
48
TENURE
2.1 yrs

Sally Marshak

TITLE
General Manager of Investor Relations & Communications

Hannes Henckel

TITLE
Head of Discovery
TENURE
1 yrs

Asa Mwaipopo

TITLE
Managing Director for the Tanzanian operations
TENURE
1 yrs
Board of Directors Tenure

Average tenure and age of the Acacia Mining board of directors in years:

3.2
Average Tenure
59
Average Age
  • The tenure for the Acacia Mining board of directors is about average.
Board of Directors

Rachel English

TITLE
Interim Chair of the Board
COMPENSATION
$132K
AGE
55
TENURE
0.4 yrs

Peter Geleta

TITLE
Interim CEO & Executive Director
AGE
54
TENURE
1.1 yrs

André Falzon

TITLE
Independent Non-Executive Director
COMPENSATION
$145K
AGE
63
TENURE
8.9 yrs

John Kenyon

TITLE
Senior Independent Director
COMPENSATION
$160K
AGE
68
TENURE
1 yrs

Stephen Galbraith

TITLE
Non-Executive Director
AGE
47
TENURE
8.9 yrs

Steve Lucas

TITLE
Independent Non-Executive Director
COMPENSATION
$120K
AGE
63
TENURE
5.3 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
X
Management checks
We assess Acacia Mining's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
    5. Acacia Mining has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

33A News

Simply Wall St News

33A Company Info

Map
Description

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.

Details
Name: Acacia Mining plc
33A
Exchange: DB
Founded: 2010
£1,179,574,731
410,085,499
Website: http://www.acaciamining.com
Address: Acacia Mining plc
No. 1 Cavendish Place,
5th Floor,
London,
Greater London, W1G 0QF,
United Kingdom
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
LSE ACA Ordinary Shares London Stock Exchange GB GBP 19. Mar 2010
OTCPK ABGL.F Ordinary Shares Pink Sheets LLC US USD 19. Mar 2010
DB 33A Ordinary Shares Deutsche Boerse AG DE EUR 19. Mar 2010
Number of employees
Current staff
Staff numbers
1,725
Acacia Mining employees.
Industry
Gold
Materials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/02/22 21:48
End of day share price update: 2019/02/22 00:00
Last estimates confirmation: 2019/02/21
Last earnings filing: 2019/02/11
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.

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