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Gold Road Resources

DB:E6Q
Snowflake Description

High growth potential with imperfect balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
E6Q
DB
A$900M
Market Cap
  1. Home
  2. DE
  3. Materials
Company description

Gold Road Resources Limited, together with its subsidiaries, engages in the exploration and development of mineral properties in Australia. The last earnings update was 58 days ago. More info.


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  • Gold Road Resources has significant price volatility in the past 3 months.
E6Q Share Price and Events
7 Day Returns
-1.3%
DB:E6Q
-5.5%
DE Metals and Mining
0.3%
DE Market
1 Year Returns
35.3%
DB:E6Q
-42.8%
DE Metals and Mining
-11.6%
DE Market
E6Q Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Gold Road Resources (E6Q) -1.3% 7.8% 16.1% 35.3% 63.9% -
DE Metals and Mining -5.5% -13.1% -8.5% -42.8% -25.4% -37.2%
DE Market 0.3% -3.8% 2.5% -11.6% 10.1% 7.9%
1 Year Return vs Industry and Market
  • E6Q outperformed the Metals and Mining industry which returned -42.8% over the past year.
  • E6Q outperformed the Market in Germany which returned -11.6% over the past year.
Price Volatility
E6Q
Industry
5yr Volatility vs Market

Value

 Is Gold Road Resources 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 Gold Road Resources 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

Below are the data sources, inputs and calculation used to determine the intrinsic value for Gold Road Resources.

DB:E6Q Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 6 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 6.7%
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:E6Q
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate 0.2%
Equity Risk Premium S&P Global 6%
Metals and Mining Unlevered Beta Simply Wall St/ S&P Global 1.04
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.035 (1 + (1- 30%) (13.07%))
1.087
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.09
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.23% + (1.087 * 5.96%)
6.71%

Discounted Cash Flow Calculation for DB:E6Q using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Gold Road Resources is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

DB:E6Q DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (AUD, Millions) Source Present Value
Discounted (@ 6.71%)
2019 -50.00 Analyst x2 -46.86
2020 85.14 Analyst x5 74.77
2021 73.75 Analyst x2 60.70
2022 66.39 Est @ -9.97% 51.21
2023 61.80 Est @ -6.91% 44.67
2024 58.86 Est @ -4.77% 39.87
2025 56.93 Est @ -3.27% 36.14
2026 55.67 Est @ -2.22% 33.11
2027 54.84 Est @ -1.49% 30.57
2028 54.30 Est @ -0.97% 28.37
Present value of next 10 years cash flows A$352.55
DB:E6Q DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= A$54.30 × (1 + 0.23%) ÷ (6.71% – 0.23%)
A$839.96
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= A$839.96 ÷ (1 + 6.71%)10
A$438.83
DB:E6Q Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= A$352.55 + A$438.83
A$791.39
Equity Value per Share
(AUD)
= Total value / Shares Outstanding
= A$791.39 / 877.98
A$0.9
DB:E6Q Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:E6Q represents 0.60585x of ASX:GOR
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.60585x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (AUD) x Listing Adjustment Factor
= A$ 0.90 x 0.60585
€0.55
Value per share (EUR) From above. €0.55
Current discount Discount to share price of €0.62
= -1 x (€0.62 - €0.55) / €0.55
-13.7%

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

  • The current share price of Gold Road Resources 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 Gold Road Resources's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Gold Road Resources's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:E6Q PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in AUD A$-0.03
ASX:GOR Share Price ** ASX (2019-05-21) in AUD A$1.03
Europe Metals and Mining Industry PE Ratio Median Figure of 106 Publicly-Listed Metals and Mining Companies 8.9x
Germany Market PE Ratio Median Figure of 423 Publicly-Listed Companies 20.29x

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

** Primary Listing of Gold Road Resources.

DB:E6Q PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= ASX:GOR Share Price ÷ EPS (both in AUD)

= 1.03 ÷ -0.03

-37.71x

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

  • Gold Road Resources is loss making, we can't compare its value to the Europe Metals and Mining industry average.
  • Gold Road Resources is loss making, we can't compare the value of its earnings to the Germany market.
Price based on expected Growth
Does Gold Road Resources's expected growth come at a high price?
Raw Data
DB:E6Q PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -37.71x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 6 Analysts
52.5%per year
Europe Metals and Mining Industry PEG Ratio Median Figure of 63 Publicly-Listed Metals and Mining Companies 0.62x
Germany Market PEG Ratio Median Figure of 272 Publicly-Listed Companies 1.5x

*Line of best fit is calculated by linear regression .

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

  • Unable to calculate PEG ratio for Gold Road Resources, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Gold Road Resources's assets?
Raw Data
DB:E6Q PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in AUD A$0.39
ASX:GOR Share Price * ASX (2019-05-21) in AUD A$1.03
Germany Metals and Mining Industry PB Ratio Median Figure of 7 Publicly-Listed Metals and Mining Companies 2.9x
Germany Market PB Ratio Median Figure of 576 Publicly-Listed Companies 1.79x
DB:E6Q PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= ASX:GOR Share Price ÷ Book Value per Share (both in AUD)

= 1.03 ÷ 0.39

2.65x

* Primary Listing of Gold Road Resources.

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

  • Gold Road Resources is good value based on assets compared to the DE Metals and Mining industry average.
X
Value checks
We assess Gold Road Resources'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. Gold Road Resources 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.

Future Performance

 How is Gold Road Resources expected to perform in the next 1 to 3 years based on estimates from 6 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
52.5%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Gold Road Resources expected to grow at an attractive rate?
  • Gold Road Resources's earnings growth is expected to exceed the low risk savings rate of 0.2%.
Growth vs Market Checks
  • Gold Road Resources's earnings growth is expected to exceed the Germany market average.
  • Gold Road Resources's revenue growth is expected to exceed the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:E6Q Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:E6Q Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 6 Analysts 52.5%
DB:E6Q Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 6 Analysts 36.1%
Germany Metals and Mining Industry Earnings Growth Rate Market Cap Weighted Average 41.6%
Europe Metals and Mining Industry Revenue Growth Rate Market Cap Weighted Average 1.3%
Germany Market Earnings Growth Rate Market Cap Weighted Average 13%
Germany Market Revenue Growth Rate Market Cap Weighted Average 4.9%

*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:E6Q Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 6 Analyst Estimates (S&P Global) See Below
All numbers in AUD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:E6Q Future Estimates Data
Date (Data in AUD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-12-31 247 37 1
2022-12-31 255 96 42 1
2021-12-31 267 105 57 3
2020-12-31 259 94 56 6
2019-12-31 100 5 8 1
DB:E6Q Past Financials Data
Date (Data in AUD Millions) Revenue Cash Flow Net Income *
2018-12-31 0 -21 -24
2017-12-31 0 -21 -15
2017-06-30 -85 230
2017-03-31 -46 228
2016-12-31 2 -7 226
2016-09-30 2 -5 108
2016-06-30 -2 -9
2016-03-31 0 -2 -7

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Gold Road Resources's earnings are expected to grow significantly at over 20% yearly.
  • Gold Road Resources's revenue is expected to grow significantly at over 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:E6Q Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 6 Analyst Estimates (S&P Global) See Below

All data from Gold Road Resources Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:E6Q Future Estimates Data
Date (Data in AUD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-12-31 0.04 0.04 0.04 1.00
2022-12-31 0.05 0.05 0.05 1.00
2021-12-31 0.06 0.07 0.06 4.00
2020-12-31 0.06 0.09 0.05 7.00
2019-12-31 0.01 0.01 0.01 1.00
DB:E6Q Past Financials Data
Date (Data in AUD Millions) EPS *
2018-12-31 -0.03
2017-12-31 -0.02
2017-06-30 0.26
2017-03-31 0.27
2016-12-31 0.28
2016-09-30 0.14
2016-06-30 -0.01
2016-03-31 -0.01

*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.
  • Gold Road Resources is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Gold Road Resources'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.
Gold Road Resources has a total score of 5/6, 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.

Past Performance

  How has Gold Road Resources 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 Gold Road Resources'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.
  • Gold Road Resources does not make a profit even though their year on year earnings growth rate was positive over the past 5 years.
  • Unable to compare Gold Road Resources's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Gold Road Resources's 1-year growth to the Europe Metals and Mining industry average as it is not currently profitable.
Earnings and Revenue History
Gold Road Resources'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 Gold Road Resources Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:E6Q Past Revenue, Cash Flow and Net Income Data
Date (Data in AUD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 0.20 -23.85 26.30
2017-12-31 0.32 -15.50 25.48
2017-06-30 229.82 9.50
2017-03-31 227.87 8.66
2016-12-31 1.73 225.92 8.71
2016-09-30 1.73 108.35 7.06
2016-06-30 -9.23 4.52
2016-03-31 0.26 -6.89 4.38
2015-12-31 0.52 -4.56 4.23
2015-09-30 0.76 -4.22 3.81
2015-06-30 1.01 -3.88 3.38
2015-03-31 0.93 -3.18 3.14
2014-12-31 0.85 -2.48 2.90
2014-09-30 0.81 -1.04 2.75
2014-06-30 0.78 0.41 2.59
2014-03-31 0.71 -9.37 2.78
2013-12-31 0.64 -19.14 2.97
2013-09-30 0.53 -20.92 3.02
2013-06-30 0.43 -22.69 3.06
2013-03-31 0.56 -13.39 3.10
2012-12-31 0.70 -4.08 3.14
2012-09-30 0.79 -3.49 3.12
2012-06-30 0.88 -2.89 3.09

*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.
  • It is difficult to establish if Gold Road Resources has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if Gold Road Resources has efficiently used its assets last year compared to the Europe Metals and Mining industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if Gold Road Resources improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess Gold Road Resources'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.
Gold Road Resources 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.

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

Health

 How is Gold Road Resources'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 Gold Road Resources's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Gold Road Resources is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Gold Road Resources's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Gold Road Resources'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 not covered by short term assets, assets are 0.5x 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 Gold Road Resources Company Filings, last reported 4 months ago.

DB:E6Q Past Debt and Equity Data
Date (Data in AUD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 338.97 117.59 44.14
2017-12-31 362.26 0.00 237.55
2017-06-30 388.63 0.00 255.32
2017-03-31 388.63 0.00 255.32
2016-12-31 390.69 0.00 337.27
2016-09-30 390.69 0.00 337.27
2016-06-30 157.22 0.00 90.66
2016-03-31 157.22 0.00 90.66
2015-12-31 90.92 0.00 37.00
2015-09-30 90.92 0.00 37.00
2015-06-30 92.14 0.00 49.80
2015-03-31 92.14 0.00 49.80
2014-12-31 56.51 0.00 21.29
2014-09-30 56.51 0.00 21.29
2014-06-30 36.22 0.00 9.67
2014-03-31 36.22 0.00 9.67
2013-12-31 27.07 0.00 7.11
2013-09-30 27.07 0.00 7.11
2013-06-30 25.71 0.00 8.87
2013-03-31 25.71 0.00 8.87
2012-12-31 38.56 0.00 5.09
2012-09-30 38.56 0.00 5.09
2012-06-30 40.94 0.00 12.83
  • Gold Road Resources's level of debt (34.7%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (0% vs 34.7% today).
  • Operating cash flow is negative therefore debt is not well covered.
  • Unable to confirm if the interest payments on Gold Road Resources's debt are well covered by earnings due to lack of past financial data.
X
Financial health checks
We assess Gold Road Resources'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. Gold Road Resources has a total score of 2/6, 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.

Dividends

 What is Gold Road Resources'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 Gold Road Resources dividends. Estimated to be 0.56% next year.
If you bought €2,000 of Gold Road Resources 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 Gold Road Resources's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Gold Road Resources'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:E6Q 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 6 Analyst Estimates (S&P Global) See Below
Germany Metals and Mining Industry Average Dividend Yield Market Cap Weighted Average of 5 Stocks 2.3%
Germany Market Average Dividend Yield Market Cap Weighted Average of 326 Stocks 3.2%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.8%
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:E6Q Future Dividends Estimate Data
Date (Data in A$) Dividend per Share (annual) Avg. No. Analysts
2023-12-31
2022-12-31
2021-12-31 0.00 1.00
2020-12-31 0.01 3.00
2019-12-31 0.00 3.00

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

  • Unable to perform a dividend volatility check as Gold Road Resources has not reported any payouts.
  • Unable to verify if Gold Road Resources's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Gold Road Resources's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Gold Road Resources has not reported any payouts.
Future Payout to shareholders
  • No need to calculate the sustainability of Gold Road Resources's dividends in 3 years as they are not expected to pay a notable one for Germany.
X
Income/ dividend checks
We assess Gold Road Resources's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - 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 Gold Road Resources afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Gold Road Resources has a total score of 0/6, see the detailed checks below.


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

Management

 What is the CEO of Gold Road Resources'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
Duncan Gibbs
COMPENSATION A$491,953
TENURE AS CEO 0.7 years
CEO Bio

Mr. Duncan Gibbs has been Managing Director & CEO at Gold Road Resources Ltd. since September 17, 2018 and has been its Director since September 2018. Mr. Gibbs has been Sunrise Dam General Manager of AngloGold Ashanti since April 2017. Mr. Gibbs has significant relevant experience as General Manager at leading global gold producer AngloGold Ashanti’s Sunrise Dam and Tropicana gold mines. He served as General Manager of Tropicana Gold Mine at AngloGold Ashanti from 2011 to 2017 and its Vice President of Tropicana Project from 2009 to 2011 and Exploration Manager of Australasia from 2002 to 2009. Prior to 2002. he held various executive roles with AngloGold Ashanti, Acacia, Shell/Billiton. He is a Member Australasian Institute of Mining and Metallurgy (AusIMM), Member Australian Institute of Company Directors (MAICD). Mr. Gibbs has led the significant turnaround programme at Sunrise Dam and he led Tropicana from discovery thro ugh all study phases and construction into this world - class mine’s steady - state operation. He has a BSc (Hons) in Geology from James Cook University, Townsville 1988.

CEO Compensation
  • Insufficient data for Duncan to compare compensation growth.
  • Duncan's remuneration is lower than average for companies of similar size in Germany.
Management Team Tenure

Average tenure of the Gold Road Resources management team in years:

1.3
Average Tenure
  • The average tenure for the Gold Road Resources management team is less than 2 years, this suggests a new team.
Management Team

Duncan Gibbs

TITLE
MD, CEO & Director
COMPENSATION
A$492K
TENURE
0.7 yrs

Tony Muir

TITLE
General Manager of Finance
TENURE
1.3 yrs

Duncan Hughes

TITLE
Manager of Business Development & Investor Relations
TENURE
0.9 yrs

Hayden Bartrop

TITLE
Joint Company Secretary
TENURE
2.3 yrs

Carol Marinkovich

TITLE
Joint Company Secretary
TENURE
2 yrs

Stuart Jenner

TITLE
General Manager of Capability & Culture
TENURE
1.2 yrs
Board of Directors Tenure

Average tenure and age of the Gold Road Resources board of directors in years:

2.8
Average Tenure
58
Average Age
  • The average tenure for the Gold Road Resources board of directors is less than 3 years, this suggests a new board.
Board of Directors

Tim Netscher

TITLE
Non-Executive Chairman
COMPENSATION
A$158K
AGE
68
TENURE
2.8 yrs

Duncan Gibbs

TITLE
MD, CEO & Director
COMPENSATION
A$492K
TENURE
0.7 yrs

Sharon Warburton

TITLE
Independent Non-Executive Director
COMPENSATION
A$100K
AGE
48
TENURE
3 yrs

Brian Levet

TITLE
Independent Non-Executive Director
COMPENSATION
A$100K
AGE
65
TENURE
1.8 yrs

Justin Osborne

TITLE
Executive Director of Exploration & Growth and Executive Director
COMPENSATION
A$776K
AGE
51
TENURE
4.3 yrs
Who owns this company?
Recent Insider Trading
  • Gold Road Resources insiders have only sold shares in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
02. May 19 Sell Justin Osborne Individual 30. Apr 19 01. May 19 -184,175 €0.58 €-107,183
02. Apr 19 Sell Sun Valley Gold LLC Company 25. May 17 27. Mar 19 -15,001,444 €0.64 €-4,080,111
02. Apr 19 Buy Sun Valley Gold LLC Company 08. Mar 17 07. Mar 19 6,130,952 €0.39 €0
28. Mar 19 Sell BlackRock, Inc. Company 07. Mar 19 07. Mar 19 -26,000 €0.54 €-13,999
28. Mar 19 Buy BlackRock, Inc. Company 15. Mar 19 27. Mar 19 18,258,635 €0.64 €20,188
04. Mar 19 Buy BlackRock, Inc. Company 09. Nov 18 01. Mar 19 45,087,971 €0.58 €26,067,993
04. Jan 19 Sell Lockheed Martin Corporation Master Retirement Trust Company 08. Jun 18 28. Nov 18 -1,719,000 €0.44 €-756,065
04. Jan 19 Sell Van Eck Associates Corporation Company 28. Nov 17 28. Dec 18 -4,468,789 €0.46 €-1,843,731
04. Jan 19 Buy Van Eck Associates Corporation Company 10. Nov 17 20. Dec 18 5,177,502 €0.49 €2,405,313
21. Dec 18 Buy Brian Levet Individual 20. Dec 18 20. Dec 18 30,000 €0.38 €11,481
21. Dec 18 Buy Duncan Gibbs Individual 20. Dec 18 20. Dec 18 40,000 €0.38 €15,158
20. Dec 18 Buy Justin Osborne Individual 20. Dec 18 20. Dec 18 64,000 €0.39 €25,049
26. Jul 18 Sell Mason Hill Advisors, LLC Company 12. Dec 16 13. Jul 18 -8,355,245 €1.63 €-7,544,848
26. Jul 18 Sell Mason Hill Advisors, LLC Company 26. Jun 18 27. Jun 18 -391,431 €0.48 €-185,586
17. Jun 18 Buy Ian Murray Individual 14. Jun 18 14. Jun 18 68,175 €0.45 €30,860
17. Jun 18 Buy Brian Levet Individual 14. Jun 18 14. Jun 18 50,000 €0.45 €22,633
X
Management checks
We assess Gold Road Resources'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. Gold Road Resources 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.

News

Simply Wall St News

Company Info

Description

Gold Road Resources Limited, together with its subsidiaries, engages in the exploration and development of mineral properties in Australia. The company primarily explores for gold deposits. It focuses on developing the Yamarna Belt, which covers an area of 6,000 square kilometers located to the east of Laverton in Western Australia. The company was formerly known as Eleckra Mines Limited and changed its name to Gold Road Resources Limited in November 2010. Gold Road Resources Limited was founded in 2004 and is based in West Perth, Australia.

Details
Name: Gold Road Resources Limited
E6Q
Exchange: DB
Founded: 2004
A$554,453,371
877,977,231
Website: http://www.goldroad.com.au
Address: Gold Road Resources Limited
26 Colin Street,
Level 2,
West Perth,
Western Australia, 6005,
Australia
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
ASX GOR Ordinary Shares Australian Securities Exchange AU AUD 04. Jul 2006
OTCPK ELKM.F Ordinary Shares Pink Sheets LLC US USD 04. Jul 2006
DB E6Q Ordinary Shares Deutsche Boerse AG DE EUR 04. Jul 2006
CHIA GOR Ordinary Shares Chi-X Australia AU AUD 04. Jul 2006
Number of employees
Current staff
Staff numbers
0
Gold Road Resources employees.
Industry
Gold
Materials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/05/21 21:36
End of day share price update: 2019/05/21 00:00
Last estimates confirmation: 2019/05/08
Last earnings filing: 2019/03/24
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.