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Erdene Resource Development

DB:E8KA
Snowflake Description

Adequate balance sheet and overvalued.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
E8KA
DB
CA$33M
Market Cap
  1. Home
  2. DE
  3. Materials
Company description

Erdene Resource Development Corporation engages in the acquisition, exploration, and development of precious and base mineral deposits in Mongolia. The last earnings update was 42 days ago. More info.


Add to Portfolio Compare Print
  • Erdene Resource Development has significant price volatility in the past 3 months.
E8KA Share Price and Events
7 Day Returns
-9.1%
DB:E8KA
-0.6%
DE Metals and Mining
0.7%
DE Market
1 Year Returns
-52%
DB:E8KA
-42.5%
DE Metals and Mining
-8.7%
DE Market
E8KA Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Erdene Resource Development (E8KA) -9.1% 0% -7% -52% -46.9% 2.6%
DE Metals and Mining -0.6% -2.2% -8.2% -42.5% -26.9% -35.1%
DE Market 0.7% -1.2% 0.2% -8.7% 10% 8.1%
1 Year Return vs Industry and Market
  • E8KA underperformed the Metals and Mining industry which returned -42.5% over the past year.
  • E8KA underperformed the Market in Germany which returned -8.7% over the past year.
Price Volatility
E8KA
Industry
5yr Volatility vs Market

Value

 Is Erdene Resource Development 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
  • It is not possible to calculate the future cash flow value for Erdene Resource Development. This is due to cash flow or dividend data being unavailable. The share price is €0.12.
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 Erdene Resource Development's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Erdene Resource Development's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:E8KA PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in CAD CA$-0.02
TSX:ERD Share Price ** TSX (2019-06-19) in CAD CA$0.19
Europe Metals and Mining Industry PE Ratio Median Figure of 105 Publicly-Listed Metals and Mining Companies 9.72x
Germany Market PE Ratio Median Figure of 424 Publicly-Listed Companies 19.53x

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

** Primary Listing of Erdene Resource Development.

DB:E8KA PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= TSX:ERD Share Price ÷ EPS (both in CAD)

= 0.19 ÷ -0.02

-8.77x

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

  • Erdene Resource Development is loss making, we can't compare its value to the Europe Metals and Mining industry average.
  • Erdene Resource Development is loss making, we can't compare the value of its earnings to the Germany market.
Price based on expected Growth
Does Erdene Resource Development's expected growth come at a high price?
Raw Data
DB:E8KA PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -8.77x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
Europe Metals and Mining Industry PEG Ratio Median Figure of 64 Publicly-Listed Metals and Mining Companies 0.63x
Germany Market PEG Ratio Median Figure of 270 Publicly-Listed Companies 1.49x

*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 Erdene Resource Development, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Erdene Resource Development's assets?
Raw Data
DB:E8KA PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in CAD CA$0.11
TSX:ERD Share Price * TSX (2019-06-19) in CAD CA$0.19
Germany Metals and Mining Industry PB Ratio Median Figure of 7 Publicly-Listed Metals and Mining Companies 3.16x
Germany Market PB Ratio Median Figure of 575 Publicly-Listed Companies 1.78x
DB:E8KA PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= TSX:ERD Share Price ÷ Book Value per Share (both in CAD)

= 0.19 ÷ 0.11

1.71x

* Primary Listing of Erdene Resource Development.

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

  • Erdene Resource Development is good value based on assets compared to the DE Metals and Mining industry average.
X
Value checks
We assess Erdene Resource Development'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. Erdene Resource Development 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 Erdene Resource Development expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

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 Simply Wall St do have past financial data. You can see them here.

Show me the analysis anyway

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
47.2%
Expected Metals and Mining industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Erdene Resource Development expected to grow at an attractive rate?
  • Unable to compare Erdene Resource Development's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Erdene Resource Development's earnings growth to the Germany market average as no estimate data is available.
  • Unable to compare Erdene Resource Development's revenue growth to the Germany market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
DB:E8KA Future Growth Rates Data Sources
Data Point Source Value (per year)
Germany Metals and Mining Industry Earnings Growth Rate Market Cap Weighted Average 47.2%
Europe Metals and Mining Industry Revenue Growth Rate Market Cap Weighted Average 1.5%
Germany Market Earnings Growth Rate Market Cap Weighted Average 12.6%
Germany Market Revenue Growth Rate Market Cap Weighted Average 5.1%

*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:E8KA Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in CAD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:E8KA Past Financials Data
Date (Data in CAD Millions) Revenue Cash Flow Net Income *
2019-03-31 -2 -3
2018-12-31 -2 -4
2018-09-30 -3 -4
2018-06-30 -3 -4
2018-03-31 -3 -4
2017-12-31 -3 -4
2017-09-30 -2 -4
2017-06-30 -2 -3
2017-03-31 -3 -3
2016-12-31 -3 -2
2016-09-30 -3 -13
2016-06-30 -3 -14

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Erdene Resource Development is high growth as no earnings estimate data is available.
  • Unable to determine if Erdene Resource Development is high growth as no revenue estimate data is available.
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:E8KA Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Erdene Resource Development Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:E8KA Past Financials Data
Date (Data in CAD Millions) EPS *
2019-03-31 -0.02
2018-12-31 -0.02
2018-09-30 -0.02
2018-06-30 -0.02
2018-03-31 -0.03
2017-12-31 -0.03
2017-09-30 -0.03
2017-06-30 -0.02
2017-03-31 -0.02
2016-12-31 -0.02
2016-09-30 -0.12
2016-06-30 -0.13

*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.
  • Unable to establish if Erdene Resource Development will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Examine Erdene Resource Development's financial health to determine how well-positioned it is against times of financial stress by looking at its level of debt over time and how much cash it has left.
  2. Erdene Resource Development's future outlook can be gauged by looking at industry trends and market size, and determining how well-positioned the company is compared to its competitors. Take a look at other high-growth Materials companies here
  3. Erdene Resource Development's competitive advantages and company strategy can generally be found in its financial reports archived here.
  4. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Future performance checks
We assess Erdene Resource Development'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.
Erdene Resource Development has a total score of 0/6, 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 Erdene Resource Development 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 Erdene Resource Development'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.
  • Erdene Resource Development does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
  • Unable to compare Erdene Resource Development's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Erdene Resource Development's 1-year growth to the Europe Metals and Mining industry average as it is not currently profitable.
Earnings and Revenue History
Erdene Resource Development'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 Erdene Resource Development Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:E8KA Past Revenue, Cash Flow and Net Income Data
Date (Data in CAD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 -3.47 3.53
2018-12-31 -3.66 3.72
2018-09-30 -3.53 3.60
2018-06-30 -3.50 3.56
2018-03-31 -4.13 4.18
2017-12-31 -4.03 4.08
2017-09-30 -3.87 3.90
2017-06-30 -3.23 3.72
2017-03-31 -2.56 3.70
2016-12-31 -2.50 3.62
2016-09-30 -13.48 3.75
2016-06-30 -13.80 3.63
2016-03-31 -12.92 2.08
2015-12-31 -12.61 1.83
2015-09-30 -1.86 1.89
2015-06-30 -2.01 2.03
2015-03-31 -2.42 2.44
2014-12-31 -2.62 2.58
2014-09-30 -2.61 2.61
2014-06-30 -2.68 2.69
2014-03-31 -2.50 2.52
2013-12-31 -2.62 2.64
2013-09-30 -2.69 3.09
2013-06-30 -3.53 3.84
2013-03-31 -3.89 4.35
2012-12-31 -4.34 4.85
2012-09-30 -0.70 -2.96 5.03
2012-06-30 -0.47 -2.77 4.97

*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 Erdene Resource Development has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if Erdene Resource Development 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 Erdene Resource Development 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 Erdene Resource Development'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.
Erdene Resource Development 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 Erdene Resource Development'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 Erdene Resource Development's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Erdene Resource Development is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Erdene Resource Development has no long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Erdene Resource Development'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.
  • Erdene Resource Development has no debt, it does not need to be covered by short term assets.
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 Erdene Resource Development Company Filings, last reported 2 months ago.

DB:E8KA Past Debt and Equity Data
Date (Data in CAD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 19.30 0.00 3.06
2018-12-31 17.48 0.00 1.75
2018-09-30 17.69 0.00 3.21
2018-06-30 18.99 0.00 5.15
2018-03-31 14.66 0.00 2.25
2017-12-31 14.75 0.00 3.23
2017-09-30 15.12 0.00 5.62
2017-06-30 16.20 0.00 9.43
2017-03-31 16.93 0.00 13.49
2016-12-31 4.11 0.00 1.07
2016-09-30 3.47 0.00 2.09
2016-06-30 3.81 0.00 2.89
2016-03-31 2.11 0.25 0.78
2015-12-31 2.08 0.25 0.68
2015-09-30 12.08 0.25 0.37
2015-06-30 12.07 0.25 1.19
2015-03-31 10.69 0.36 0.06
2014-12-31 10.60 0.11 0.14
2014-09-30 10.47 0.11 0.05
2014-06-30 10.62 0.00 0.28
2014-03-31 10.80 0.01 0.17
2013-12-31 11.42 0.01 0.57
2013-09-30 11.12 0.01 0.37
2013-06-30 12.64 0.01 0.88
2013-03-31 12.20 0.01 0.67
2012-12-31 12.68 0.01 1.50
2012-09-30 34.27 0.01 3.23
2012-06-30 38.58 0.01 5.31
  • Erdene Resource Development has no debt.
  • Erdene Resource Development has no debt compared to 5 years ago when it was 0.1%.
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.

  • Erdene Resource Development has less than a year of cash runway based on current free cash flow.
  • Erdene Resource Development has less than a year of cash runway if free cash flow continues to grow at historical rates of 23.6% each year.
X
Financial health checks
We assess Erdene Resource Development'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. Erdene Resource Development has a total score of 4/6, 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 Erdene Resource Development'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 Erdene Resource Development dividends.
If you bought €2,000 of Erdene Resource Development 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 Erdene Resource Development's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Erdene Resource Development'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:E8KA 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 0 Analyst Estimates (S&P Global) See Below
Germany Metals and Mining Industry Average Dividend Yield Market Cap Weighted Average of 5 Stocks 1.9%
Germany Market Average Dividend Yield Market Cap Weighted Average of 327 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.

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

  • Unable to perform a dividend volatility check as Erdene Resource Development has not reported any payouts.
  • Unable to verify if Erdene Resource Development's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Erdene Resource Development's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Erdene Resource Development has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Erdene Resource Development'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 Erdene Resource Development afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Erdene Resource Development 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 Erdene Resource Development'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 Akerley
COMPENSATION CA$655,583
AGE 55
TENURE AS CEO 16.3 years
CEO Bio

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 1996. He serves as a Co-Managing Director of Erdene Mongol XXK, Erdene Gold Inc.'s wholly-owned subsidiary. He provided exploration and managerial services for projects in Canada, the United States of America, Mexico, Guyana, the Philippines and Mongolia to junior and senior exploration and mining companies. During the period 1996 to 1998, he served as Co-Manager of a major exploration program in Mongolia with Mr. Cowan. He had been the Chairman at Morien Resources Corp. from November 9, 2012 until June 7, 2018. He has been an Executive Director for Erdene Resource Development Corporation since February 25, 2003. Mr. Akerley has been a Director of Temex Resources Corp. since January 21, 2005. He served as an Independent Director of Barisan Gold Corporation since February 23, 2014. He has a BSc in 1988 from Saint Mary's University in Halifax.

CEO Compensation
  • Peter's compensation has increased whilst company is loss making.
  • Peter's remuneration is higher than average for companies of similar size in Germany.
Management Team Tenure

Average tenure of the Erdene Resource Development management team in years:

2.5
Average Tenure
  • The tenure for the Erdene Resource Development management team is about average.
Management Team

Chris Cowan

TITLE
Co-Founder & Chairman
COMPENSATION
CA$64K

Peter Akerley

TITLE
President
COMPENSATION
CA$656K
AGE
55
TENURE
16.3 yrs

Mike Gillis

TITLE
Vice President of Operations - Mongolia
COMPENSATION
CA$231K
TENURE
2.4 yrs

Jon M. Lyons

TITLE
Vice President of Regulatory Affairs & Strategy
COMPENSATION
CA$276K
TENURE
2.1 yrs

Bob Jenkins

TITLE
Chief Financial Officer
TENURE
0.1 yrs

Bayarmaa Bagabandi

TITLE
Chief Administrative Officer
TENURE
14.3 yrs

Diane Webber

TITLE
Director of External Relations & Communications

Dawson Brisco

TITLE
Vice President of Corporate Development
TENURE
2.5 yrs

Michael Corey

TITLE
Chief Geologist of Mongolia

Mike MacDonald

TITLE
Vice President of Exploration
COMPENSATION
CA$268K
TENURE
7.8 yrs
Board of Directors Tenure

Average tenure of the Erdene Resource Development board of directors in years:

3.9
Average Tenure
  • The tenure for the Erdene Resource Development board of directors is about average.
Board of Directors

Chris Cowan

TITLE
Co-Founder & Chairman
COMPENSATION
CA$64K
TENURE
4 yrs

Peter Akerley

TITLE
President
COMPENSATION
CA$656K
AGE
55
TENURE
16.3 yrs

John Byrne

TITLE
Director
COMPENSATION
CA$63K
TENURE
14.8 yrs

Thomas Croft

TITLE
Director
COMPENSATION
CA$125K
TENURE
3.9 yrs

Dave Mosher

TITLE
Director
COMPENSATION
CA$61K
AGE
72
TENURE
3 yrs

Anna Biolik

TITLE
Director
COMPENSATION
CA$64K
TENURE
3 yrs

Cameron McRae

TITLE
Independent Non-Executive Director
COMPENSATION
CA$152K
TENURE
1.3 yrs
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by Erdene Resource Development insiders in the past 3 months, but not in substantial volumes.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
14. Jun 19 Buy John Cowan Individual 12. Jun 19 12. Jun 19 100,000 €0.11 €10,642
07. Jun 19 Buy John Byrne Individual 04. Jun 19 04. Jun 19 50,000 €0.11 €5,302
07. Jun 19 Buy Peter Akerley Individual 04. Jun 19 04. Jun 19 150,000 €0.11 €15,906
04. Mar 19 Buy David Mosher Individual 28. Feb 19 28. Feb 19 86,956 €0.15 €13,338
01. Mar 19 Buy Anna Biolik Individual 28. Feb 19 28. Feb 19 21,740 €0.15 €3,335
01. Mar 19 Buy Thomas Croft Individual 28. Feb 19 28. Feb 19 43,478 €0.15 €6,669
01. Mar 19 Buy Kenneth MacDonald Individual 28. Feb 19 28. Feb 19 43,478 €0.15 €6,669
01. Mar 19 Buy John Byrne Individual 28. Feb 19 28. Feb 19 435,000 €0.15 €66,723
01. Mar 19 Buy Peter Akerley Individual 28. Feb 19 28. Feb 19 50,000 €0.15 €7,669
02. Jan 19 Sell John Cowan Individual 31. Dec 18 31. Dec 18 -25,000 €0.16 €-4,000
28. Dec 18 Buy Peter Akerley Individual 24. Dec 18 24. Dec 18 2,500 €0.13 €323
26. Dec 18 Buy John Byrne Individual 24. Dec 18 24. Dec 18 100,000 €0.14 €13,548
26. Dec 18 Buy Peter Akerley Individual 20. Dec 18 24. Dec 18 27,000 €0.14 €3,487
18. Nov 18 Sell John Cowan Individual 13. Nov 18 15. Nov 18 -30,000 €0.17 €-4,849
26. Oct 18 Buy Peter Akerley Individual 24. Oct 18 25. Oct 18 9,500 €0.17 €1,599
22. Oct 18 Buy Peter Akerley Individual 19. Oct 18 19. Oct 18 12,000 €0.17 €2,072
19. Oct 18 Buy Peter Akerley Individual 17. Oct 18 18. Oct 18 15,500 €0.19 €2,805
17. Oct 18 Buy Peter Akerley Individual 15. Oct 18 17. Oct 18 29,000 €0.19 €5,255
16. Oct 18 Buy Anna Biolik Individual 16. Oct 18 16. Oct 18 10,000 €0.19 €1,868
25. Jun 18 Buy Cameron McRae Individual 22. Jun 18 22. Jun 18 93,000 €0.26 €24,583
X
Management checks
We assess Erdene Resource Development'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. Erdene Resource Development 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

Erdene Resource Development Corporation engages in the acquisition, exploration, and development of precious and base mineral deposits in Mongolia. The company explores for copper, molybdenum, gold, silver, lead, and zinc deposits. It has interests in four exploration licenses and a mining license in the Khundii Gold District located in Southwest 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 based in Dartmouth, Canada.

Details
Name: Erdene Resource Development Corporation
E8KA
Exchange: DB
Founded: 2000
CA$22,089,386
174,116,029
Website: http://www.erdene.com
Address: Erdene Resource Development Corporation
99 Wyse Road,
Suite 1480,
Dartmouth,
Nova Scotia, B3A 4S5,
Canada
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
TSX ERD Common Shares The Toronto Stock Exchange CA CAD 16. Mar 2004
OTCPK ERDC.F Common Shares Pink Sheets LLC US USD 16. Mar 2004
DB E8KA Common Shares Deutsche Boerse AG DE EUR 16. Mar 2004
Number of employees
Current staff
Staff numbers
22
Erdene Resource Development employees.
Industry
Diversified Metals and Mining
Materials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/06/19 20:55
End of day share price update: 2019/06/19 00:00
Last earnings filing: 2019/05/08
Last earnings reported: 2019/03/31
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.