Erdene Resource Development Corporation focuses in the acquisition, exploration, and development of precious and base mineral deposits in Mongolia.
Imperfect balance sheet with weak fundamentals.
Share Price & News
How has Erdene Resource Development's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: E8KA's share price has been volatile over the past 3 months.
7 Day Return
DE Metals and Mining
1 Year Return
DE Metals and Mining
Return vs Industry: E8KA exceeded the German Metals and Mining industry which returned -27.4% over the past year.
Return vs Market: E8KA exceeded the German Market which returned 3% over the past year.
Price Volatility Vs. Market
How volatile is Erdene Resource Development's share price compared to the market and industry in the last 5 years?
Simply Wall St News
No news available
Is Erdene Resource Development undervalued compared to its fair value and its price relative to the market?
Price to Book (PB) ratio
Share Price vs. Fair Value
Below Fair Value: Insufficient data to calculate E8KA's fair value to establish if it is undervalued.
Significantly Below Fair Value: Insufficient data to calculate E8KA's fair value to establish if it is undervalued.
Price To Earnings Ratio
PE vs Industry: E8KA is unprofitable, so we can't compare its PE Ratio to the XE Metals and Mining industry average.
PE vs Market: E8KA 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 E8KA's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: E8KA is overvalued based on its PB Ratio (5x) compared to the DE Metals and Mining industry average (3.2x).
How is Erdene Resource Development forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
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 Erdene Resource Development 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.
- Take a look at our analysis of E8KA’s management and see if the CEO’s compensation is within a reasonable range, who is on the board and if insiders have been trading lately.
- Erdene Resource Development competitive advantages and company strategy can generally be found in its financial reports archived here.
- Explore growth companies in the Materials industry.
How has Erdene Resource Development performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: E8KA is currently unprofitable.
Growing Profit Margin: E8KA is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: E8KA is unprofitable, but has reduced losses over the past 5 years at a rate of 19.6% per year.
Accelerating Growth: Unable to compare E8KA's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: E8KA is unprofitable, making it difficult to compare its past year earnings growth to the Metals and Mining industry (0.5%).
Return on Equity
High ROE: E8KA has a negative Return on Equity (-16.03%), as it is currently unprofitable.
How is Erdene Resource Development's financial position?
Financial Position Analysis
Short Term Liabilities: E8KA's short term assets (CA$3.8M) exceed its short term liabilities (CA$588.0K).
Long Term Liabilities: E8KA's short term assets (CA$3.8M) do not cover its long term liabilities (CA$7.2M).
Debt to Equity History and Analysis
Debt Level: E8KA's debt to equity ratio (35.5%) is considered satisfactory.
Reducing Debt: E8KA's debt to equity ratio has increased from 3.2% to 35.5% over the past 5 years.
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: E8KA has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: E8KA has less than a year of cash runway if free cash flow continues to reduce at historical rates of 23.2% each year
What is Erdene Resource Development current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Notable Dividend: Unable to evaluate E8KA's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate E8KA'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 E8KA's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if E8KA'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 E8KA's dividend in 3 years as they are not forecast to pay a notable one for the German market.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Peter Akerley (57yo)
Mr. Peter C. Akerley, B.Sc., has been the Chief Executive Officer and President of Erdene Resource Development Corporation since March 2003. Mr. Akerley has been the President of BRM Exploration Ltd. since ...
CEO Compensation Analysis
Compensation vs Market: Peter's total compensation ($USD342.91K) is about average for companies of similar size in the German market ($USD468.78K).
Compensation vs Earnings: Peter's compensation has been consistent with company performance over the past year.
|VP & CFO||1.17yrs||CA$215.66k||0.23% CA$144.2k|
|Vice President of Exploration & Operations||3.5yrs||CA$227.04k||no data|
|Chief Administrative Officer||15.33yrs||no data||no data|
|Director of External Relations & Communications||no data||no data||no data|
|Chief Geologist of Mongolia||no data||no data||no data|
|Senior Geologist||10.33yrs||no data||no data|
|Corporate Secretary||17.33yrs||no data||no data|
Experienced Management: E8KA's management team is seasoned and experienced (12.8 years average tenure).
|Independent Director||4.08yrs||CA$41.40k||0.29% CA$179.1k|
|Independent Director||15.92yrs||CA$46.40k||3.33% CA$2.1m|
|Independent & Non-Executive Director||0.83yr||CA$17.90k||no data|
|Independent Non-Executive Director||2.33yrs||CA$56.01k||0.13% CA$81.3k|
|Independent Chairman of the Board||1.08yrs||CA$111.17k||0.60% CA$376.6k|
|Independent Director||4.08yrs||CA$45.40k||0.042% CA$26.6k|
Experienced Board: E8KA's board of directors are considered experienced (3.2 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: E8KA insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 4.3%.
Erdene Resource Development Corporation's company bio, employee growth, exchange listings and data sources
- Name: Erdene Resource Development Corporation
- Ticker: E8KA
- Exchange: DB
- Founded: 2000
- Industry: Diversified Metals and Mining
- Sector: Materials
- Market Cap: CA$96.344m
- Listing Market Cap: CA$62.631m
- Shares outstanding: 192.69m
- Website: https://www.erdene.com
Number of Employees
- Erdene Resource Development Corporation
- 99 Wyse Road
- Suite 1480
- Nova Scotia
- B3A 4S5
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|E8KA||DB (Deutsche Boerse AG)||Yes||Common Shares||DE||EUR||Mar 2004|
|ERD||TSX (The Toronto Stock Exchange)||Yes||Common Shares||CA||CAD||Mar 2004|
|ERDC.F||OTCPK (Pink Sheets LLC)||Yes||Common Shares||US||USD||Mar 2004|
Erdene Resource Development Corporation focuses in the acquisition, exploration, and development of precious and base mineral deposits in Mongolia. It explores for copper, molybdenum, gold, silver, lead, and zinc deposits. The company holds interests in three exploration licenses approximately covering an area of 4,842 hectares and three mining licenses approximately covering an area of 13,019 hectares. Its principal project is the Khundii Gold Project located in the Bayankhongor province in Mongolia. The company was formerly known as Erdene Gold Inc. and changed its name to Erdene Resource Development Corporation in May 2008. Erdene Resource Development Corporation was incorporated in 2000 and is headquartered in Dartmouth, Canada.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/07/10 21:39|
|End of Day Share Price||2020/07/10 00:00|
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.