DB:4OV

Stock Analysis Report

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Executive Summary

Iron Road Limited explores and evaluates iron ore properties in Australia.


Snowflake Analysis

Imperfect balance sheet and overvalued.


Similar Companies

Share Price & News

How has Iron Road's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: 4OV's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

85.7%

4OV

8.5%

DE Metals and Mining

4.4%

DE Market


1 Year Return

8.3%

4OV

-28.0%

DE Metals and Mining

4.4%

DE Market

Return vs Industry: 4OV exceeded the German Metals and Mining industry which returned -28% over the past year.

Return vs Market: 4OV exceeded the German Market which returned 4.4% over the past year.


Shareholder returns

4OVIndustryMarket
7 Day85.7%8.5%4.4%
30 Day44.4%19.2%12.1%
90 Day18.2%2.5%5.4%
1 Year8.3%8.3%-27.5%-28.0%6.1%4.4%
3 Year-87.5%-87.5%-58.7%-60.0%-0.6%-8.2%
5 Year-66.6%-66.7%-57.0%-59.2%10.4%-3.8%

Price Volatility Vs. Market

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


Simply Wall St News

No news available

Valuation

Is Iron Road undervalued compared to its fair value and its price relative to the market?

0.3x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate 4OV's fair value to establish if it is undervalued.

Significantly Below Fair Value: Insufficient data to calculate 4OV's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: 4OV is unprofitable, so we can't compare its PE Ratio to the Metals and Mining industry average.

PE vs Market: 4OV 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 4OV's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: 4OV is good value based on its PB Ratio (0.3x) compared to the DE Metals and Mining industry average (4.2x).


Next Steps

Future Growth

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

16.1%

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 Iron Road 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 Iron Road performed over the past 5 years?

19.9%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 4OV is currently unprofitable.

Growing Profit Margin: 4OV is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: 4OV is unprofitable, but has reduced losses over the past 5 years at a rate of 19.9% per year.

Accelerating Growth: Unable to compare 4OV's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: 4OV is unprofitable, making it difficult to compare its past year earnings growth to the Metals and Mining industry (-0.7%).


Return on Equity

High ROE: 4OV has a negative Return on Equity (-1.44%), as it is currently unprofitable.


Next Steps

Financial Health

How is Iron Road's financial position?


Financial Position Analysis

Short Term Liabilities: 4OV's short term assets (A$913.2K) do not cover its short term liabilities (A$8.1M).

Long Term Liabilities: 4OV's short term assets (A$913.2K) exceed its long term liabilities (A$31.5K).


Debt to Equity History and Analysis

Debt Level: 4OV's debt to equity ratio (5.9%) is considered satisfactory.

Reducing Debt: Insufficient data to determine if 4OV's debt to equity ratio has reduced over the past 5 years.


Balance Sheet


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: 4OV has less than a year of cash runway based on its current free cash flow.

Forecast Cash Runway: Insufficient data to determine if 4OV has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.


Next Steps

Dividend

What is Iron Road's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

Notable Dividend: Unable to evaluate 4OV's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate 4OV's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if 4OV's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if 4OV'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 4OV'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?

0.6yrs

Average management tenure


CEO

Larry Ingle

0.58

Tenure

AU$308,292

Compensation

Mr. Larry J. Ingle, BSc (Hons) MSc, MBA, MAusIMM, has been the Chief Executive Officer of Iron Road Limited since November 22, 2019 and served as its General Manager from July 1, 2009 to November 22, 2019. ...


CEO Compensation Analysis

Compensation vs Market: Larry's total compensation ($USD215.38K) is below average for companies of similar size in the German market ($USD417.41K).

Compensation vs Earnings: Larry's compensation has been consistent with company performance over the past year.


Leadership Team

NamePositionTenureCompensationOwnership
Larry Ingle
Chief Executive Officer0.58yrAU$308.29kno data
Andrew Stocks
Co-founder13.42yrsAU$379.65k0.42% A$95.4k
Glen Chipman
Executive Director of Commercial & Director2.25yrsno data0.090% A$20.4k
Jaroslaw Kopias
Company Secretary3.5yrsno datano data
Albert Thamm
Consultant and Advisorno datano datano data
Steve Green
Consultant & Environmental Manager0.58yrno datano data

0.6yrs

Average Tenure

Experienced Management: 4OV's management team is not considered experienced ( 0.6 years average tenure), which suggests a new team.


Board Members

NamePositionTenureCompensationOwnership
Glen Chipman
Executive Director of Commercial & Director2.25yrsno data0.090% A$20.4k
Peter Cassidy
Chairman of the Board7.67yrsAU$39.49k1.25% A$284.3k
Jeremy Ellis
Independent Non-Executive Director9.5yrsno data0.047% A$10.7k
Vincent Masterton-Hume
Independent Non-Executive Director11.33yrsno data0.85% A$193.5k

8.6yrs

Average Tenure

68yo

Average Age

Experienced Board: 4OV's board of directors are considered experienced (8.6 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: 4OV 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

Iron Road Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Iron Road Limited
  • Ticker: 4OV
  • Exchange: DB
  • Founded: 2007
  • Industry: Steel
  • Sector: Materials
  • Market Cap: AU$36.765m
  • Listing Market Cap: AU$22.695m
  • Shares outstanding: 693.68m
  • Website: https://www.ironroadlimited.com.au

Number of Employees


Location

  • Iron Road Limited
  • 63 Pirie Street
  • Level 3
  • Adelaide
  • South Australia
  • 5000
  • Australia

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
IRDASX (Australian Securities Exchange)YesOrdinary SharesAUAUDJun 2008
4OVDB (Deutsche Boerse AG)YesOrdinary SharesDEEURJun 2008
IRNR.FOTCPK (Pink Sheets LLC)YesOrdinary SharesUSUSDJun 2008
IRDCHIA (Chi-X Australia)YesOrdinary SharesAUAUDJun 2008

Biography

Iron Road Limited explores and evaluates iron ore properties in Australia. Its principal project is the Central Eyre iron project located on the Eyre Peninsula of South Australia. The company was incorporated in 2007 and is based in Adelaide, Australia. Iron Road Limited is a subsidiary of The Sentient Global Resources Funds. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/06/05 22:28
End of Day Share Price2020/06/05 00:00
Earnings2019/12/31
Annual Earnings2019/06/30


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.