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Latrobe Magnesium

DB:L2Q
Snowflake Description

Imperfect balance sheet and overvalued.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
L2Q
DB
A$10M
Market Cap
  1. Home
  2. DE
  3. Materials
Company description

Latrobe Magnesium Limited develops magnesium production plant through combined hydromet extraction process in Australia. The last earnings update was 81 days ago. More info.


Add to Portfolio Compare Print
  • Latrobe Magnesium has significant price volatility in the past 3 months.
L2Q Share Price and Events
7 Day Returns
0%
DB:L2Q
-5.5%
DE Metals and Mining
0.3%
DE Market
1 Year Returns
0%
DB:L2Q
-42.8%
DE Metals and Mining
-11.6%
DE Market
L2Q Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Latrobe Magnesium (L2Q) 0% -50% -66.7% 0% -90% 0%
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
  • L2Q outperformed the Metals and Mining industry which returned -42.8% over the past year.
  • L2Q outperformed the Market in Germany which returned -11.6% over the past year.
Price Volatility
L2Q
Industry
5yr Volatility vs Market

L2Q Value

 Is Latrobe Magnesium 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 Latrobe Magnesium. This is due to cash flow or dividend data being unavailable. The share price is €0.001.
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 Latrobe Magnesium's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Latrobe Magnesium's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:L2Q PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in AUD A$0.00
ASX:LMG Share Price ** ASX (2019-05-21) in AUD A$0.01
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 Latrobe Magnesium.

DB:L2Q PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

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

= 0.01 ÷ 0.00

-6.89x

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

  • Latrobe Magnesium is loss making, we can't compare its value to the Europe Metals and Mining industry average.
  • Latrobe Magnesium is loss making, we can't compare the value of its earnings to the Germany market.
Price based on expected Growth
Does Latrobe Magnesium's expected growth come at a high price?
Raw Data
DB:L2Q PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -6.89x
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 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 Latrobe Magnesium, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Latrobe Magnesium's assets?
Raw Data
DB:L2Q PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in AUD A$0.00
ASX:LMG Share Price * ASX (2019-05-21) in AUD A$0.01
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:L2Q PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 0.01 ÷ 0.00

1.69x

* Primary Listing of Latrobe Magnesium.

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

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

L2Q Future Performance

 How is Latrobe Magnesium 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 Latrobe Magnesium 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
41.6%
Expected Metals and Mining industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Latrobe Magnesium expected to grow at an attractive rate?
  • Unable to compare Latrobe Magnesium's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Latrobe Magnesium's earnings growth to the Germany market average as no estimate data is available.
  • Unable to compare Latrobe Magnesium's revenue growth to the Germany market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
DB:L2Q Future Growth Rates Data Sources
Data Point Source Value (per year)
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:L2Q Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in AUD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:L2Q Past Financials Data
Date (Data in AUD Millions) Revenue Cash Flow Net Income *
2018-12-31 -1 -1
2018-09-30 -1 -2
2018-06-30 -1 -2
2018-03-31 -2 -2
2017-12-31 -2 -2
2017-09-30 -2 -2
2017-06-30 -2 -2
2017-03-31 -2 -2
2016-12-31 -1 -1
2016-09-30 -1 -1
2016-06-30 -1 -1
2016-03-31 0 -1 -1

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Latrobe Magnesium is high growth as no earnings estimate data is available.
  • Unable to determine if Latrobe Magnesium 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:L2Q 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 0 Analyst Estimates (S&P Global) See Below

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

DB:L2Q Past Financials Data
Date (Data in AUD Millions) EPS *
2018-12-31 0.00
2018-09-30 0.00
2018-06-30 0.00
2018-03-31 0.00
2017-12-31 0.00
2017-09-30 0.00
2017-06-30 0.00
2017-03-31 0.00
2016-12-31 0.00
2016-09-30 0.00
2016-06-30 0.00
2016-03-31 0.00

*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 Latrobe Magnesium will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Take a look at our analysis of L2Q’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.
  2. Latrobe Magnesium'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. Latrobe Magnesium'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 Latrobe Magnesium'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.
Latrobe Magnesium 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.

L2Q Past Performance

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

DB:L2Q 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 -1.47 1.00 1.16
2018-09-30 -1.60 1.00 1.40
2018-06-30 -1.73 1.00 1.64
2018-03-31 -1.93 1.16 1.79
2017-12-31 -2.13 1.32 1.93
2017-09-30 -1.97 1.30 1.67
2017-06-30 -1.82 1.29 1.40
2017-03-31 -1.59 1.14 1.19
2016-12-31 -1.36 0.99 0.97
2016-09-30 -1.22 0.96 0.82
2016-06-30 -1.09 0.92 0.68
2016-03-31 -0.10 -0.95 0.93 0.49
2015-12-31 -0.20 -0.80 0.94 0.31
2015-09-30 -0.10 -0.75 0.88 0.29
2015-06-30 -0.69 0.81 0.27
2015-03-31 0.01 -0.69 0.82 0.27
2014-12-31 0.02 -0.68 0.84 0.27
2014-09-30 0.01 -0.67 0.86 0.23
2014-06-30 -0.66 0.88 0.19
2014-03-31 -0.01 -0.66 0.88 0.17
2013-12-31 -0.01 -0.67 0.89 0.16
2013-09-30 -0.01 -0.66 0.86 0.19
2013-06-30 -0.65 0.82 0.22
2013-03-31 -0.04 -0.75 0.80 0.28
2012-12-31 -0.09 -0.86 0.78 0.33
2012-09-30 -0.04 -0.94 0.82 0.42
2012-06-30 -1.01 0.86 0.51

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

L2Q Health

 How is Latrobe Magnesium'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 Latrobe Magnesium's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Latrobe Magnesium's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Latrobe Magnesium has no long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Latrobe Magnesium'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.
  • Low level of unsold assets.
  • Debt is not covered by short term assets, assets are 0.7x 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 Latrobe Magnesium Company Filings, last reported 4 months ago.

DB:L2Q Past Debt and Equity Data
Date (Data in AUD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 6.13 1.41 0.44
2018-09-30 6.13 1.41 0.44
2018-06-30 6.55 0.92 0.05
2018-03-31 6.55 0.92 0.05
2017-12-31 7.25 0.38 0.46
2017-09-30 7.25 0.38 0.46
2017-06-30 8.28 0.50 1.13
2017-03-31 8.28 0.50 1.13
2016-12-31 9.38 0.00 2.13
2016-09-30 9.38 0.00 2.13
2016-06-30 5.84 0.32 0.01
2016-03-31 5.84 0.32 0.01
2015-12-31 6.23 0.54 0.73
2015-09-30 6.23 0.54 0.73
2015-06-30 6.62 0.20 0.61
2015-03-31 6.62 0.20 0.61
2014-12-31 5.80 0.26 0.12
2014-09-30 5.80 0.26 0.12
2014-06-30 5.96 0.38 0.22
2014-03-31 5.96 0.38 0.22
2013-12-31 5.85 0.36 0.19
2013-09-30 5.85 0.36 0.19
2013-06-30 5.79 0.64 0.29
2013-03-31 5.79 0.64 0.29
2012-12-31 6.12 0.00 0.06
2012-09-30 6.12 0.00 0.06
2012-06-30 6.42 0.00 0.07
  • Latrobe Magnesium's level of debt (23%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (6.1% vs 23% today).
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.

  • Latrobe Magnesium has less than a year of cash runway based on current free cash flow.
  • Latrobe Magnesium has less than a year of cash runway if free cash flow continues to grow at historical rates of 8.8% each year.
X
Financial health checks
We assess Latrobe Magnesium'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. Latrobe Magnesium 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.

L2Q Dividends

 What is Latrobe Magnesium'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 Latrobe Magnesium dividends.
If you bought €2,000 of Latrobe Magnesium 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 Latrobe Magnesium's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Latrobe Magnesium'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:L2Q 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 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.

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

  • Unable to perform a dividend volatility check as Latrobe Magnesium has not reported any payouts.
  • Unable to verify if Latrobe Magnesium's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Latrobe Magnesium's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Latrobe Magnesium 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 Latrobe Magnesium'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 Latrobe Magnesium afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Latrobe Magnesium 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.

L2Q Management

 What is the CEO of Latrobe Magnesium'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
David Paterson
COMPENSATION A$311,604
AGE 64
TENURE AS CEO 4.1 years
CEO Bio

Mr. David Oliver Paterson serves as the Chief Executive Officer of Latrobe Magnesium Ltd. Mr. Paterson served as Managing Director of Latrobe Magnesium Ltd. Mr. Paterson was a Founding Partner of Europacific and has held an Investment Dealers License since 1990. Mr. Prior to forming Europacific in 1990, Mr. Paterson served as a Group Manager of the Corporate Services Division of Tricontinental Corporation Limited, responsible for NSW and Queensland. Mr. Paterson has experience in the property and mining industries, in relation to: Project financing, Financial analysis, Valuations and The raising of debt and equity. He also served with Coopers & Lybrand in Brisbane and Sydney in their Corporate Services Division. He has been involved in a wide range of corporate advisory assignments and underwriting for both public and private companies. He served as Non-Executive Chairman of Latrobe Magnesium Ltd. and has been its Non Executive Director since August 22, 2002. Mr. peterson serves as director for Latrobe magnesium Ltd since August 23, 2002. Mr. Paterson serves as a Director of Medcar Holdings Pty Ltd., Country Pipelines Pty Limited and Central Ranges Pipeline Pty Limited. He is a qualified non-practising Chartered Accountant and a graduate from the University of Queensland.

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

Average tenure of the Latrobe Magnesium management team in years:

5.8
Average Tenure
  • The average tenure for the Latrobe Magnesium management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

David Paterson

TITLE
CEO & Director
COMPENSATION
A$312K
AGE
64
TENURE
4.1 yrs

John Lee

TITLE
Secretary & Director
COMPENSATION
A$22K
AGE
71
TENURE
5.8 yrs

David Wandmaker

TITLE
General Manager Operations
TENURE
2.3 yrs

Jim Siemon

TITLE
Director of Hazelwood Project & Consultant
TENURE
8.2 yrs

D. Stewart

TITLE
Technical Consultant
TENURE
14.2 yrs
Board of Directors Tenure

Average tenure and age of the Latrobe Magnesium board of directors in years:

15.7
Average Tenure
69
Average Age
  • The average tenure for the Latrobe Magnesium board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Board of Directors

Jock Murray

TITLE
Non-Executive Chairman
COMPENSATION
A$60K
AGE
69
TENURE
4 yrs

David Paterson

TITLE
CEO & Director
COMPENSATION
A$312K
AGE
64
TENURE
16.8 yrs

John Lee

TITLE
Secretary & Director
COMPENSATION
A$22K
AGE
71
TENURE
8.4 yrs

Kevin Torpey

TITLE
Non-Executive Director
COMPENSATION
A$22K
AGE
79
TENURE
17.1 yrs

Philip Bruce

TITLE
Non-Executive Director
COMPENSATION
A$22K
AGE
66
TENURE
15.7 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 Latrobe Magnesium'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. Latrobe Magnesium 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.

L2Q News

Simply Wall St News

L2Q Company Info

Description

Latrobe Magnesium Limited develops magnesium production plant through combined hydromet extraction process in Australia. The company holds interests in the Latrobe magnesium project located in the Latrobe Valley in Victoria. It intends to harvest magnesium metal from industrial fly ash, which is a waste product of brown coal power generation. Latrobe Magnesium Limited is based in Sydney, Australia.

Details
Name: Latrobe Magnesium Limited
L2Q
Exchange: DB
Founded:
A$6,390,303
1,296,503,069
Website: http://www.latrobemagnesium.com
Address: Latrobe Magnesium Limited
16-20 Barrack Street,
Suite 307,
Sydney,
New South Wales, 2000,
Australia
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
ASX LMG Ordinary Shares Australian Securities Exchange AU AUD 02. Jan 1992
DB L2Q Ordinary Shares Deutsche Boerse AG DE EUR 02. Jan 1992
CHIA LMG Ordinary Shares Chi-X Australia AU AUD 02. Jan 1992
Number of employees
Current staff
Staff numbers
0
Latrobe Magnesium employees.
Industry
Diversified Metals and Mining
Materials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/05/21 21:40
End of day share price update: 2019/05/21 00:00
Last earnings filing: 2019/03/01
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/06/30


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.