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Equatorial Resources

DB:PBU
Snowflake Description

Flawless balance sheet and overvalued.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
PBU
DB
A$35M
Market Cap
  1. Home
  2. DE
  3. Materials
Company description

Equatorial Resources Limited explores for and develops iron ore properties in the Republic of Congo. The last earnings update was 101 days ago. More info.


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PBU Share Price and Events
7 Day Returns
0%
DB:PBU
-0.6%
DE Metals and Mining
0.3%
DE Market
1 Year Returns
-13.3%
DB:PBU
-46.7%
DE Metals and Mining
-11.7%
DE Market
PBU Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Equatorial Resources (PBU) 0% -5.6% -3.4% -13.3% -20.2% -
DE Metals and Mining -0.6% -6.1% -11.7% -46.7% -28.7% -36.7%
DE Market 0.3% -2.3% -1.1% -11.7% 12.2% 6.1%
1 Year Return vs Industry and Market
  • PBU outperformed the Metals and Mining industry which returned -46.7% over the past year.
  • PBU underperformed the Market in Germany which returned -11.7% over the past year.
Price Volatility
PBU
Industry
5yr Volatility vs Market

PBU Value

 Is Equatorial 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
  • It is not possible to calculate the future cash flow value for Equatorial Resources. This is due to cash flow or dividend data being unavailable. The share price is €0.17.
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 Equatorial Resources's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Equatorial Resources's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:PBU 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:EQX Share Price ** ASX (2019-06-17) in AUD A$0.28
Europe Metals and Mining Industry PE Ratio Median Figure of 105 Publicly-Listed Metals and Mining Companies 9.5x
Germany Market PE Ratio Median Figure of 424 Publicly-Listed Companies 19.7x

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

** Primary Listing of Equatorial Resources.

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

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

= 0.28 ÷ 0.00

134.16x

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

  • Equatorial Resources is overvalued based on earnings compared to the Europe Metals and Mining industry average.
  • Equatorial Resources is overvalued based on earnings compared to the Germany market.
Price based on expected Growth
Does Equatorial Resources's expected growth come at a high price?
Raw Data
DB:PBU PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 134.16x
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 0.65x
Germany Market PEG Ratio Median Figure of 270 Publicly-Listed Companies 1.47x

*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 Equatorial Resources, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Equatorial Resources's assets?
Raw Data
DB:PBU PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in AUD A$0.34
ASX:EQX Share Price * ASX (2019-06-17) in AUD A$0.28
Germany Metals and Mining Industry PB Ratio Median Figure of 7 Publicly-Listed Metals and Mining Companies 3.25x
Germany Market PB Ratio Median Figure of 576 Publicly-Listed Companies 1.76x
DB:PBU PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 0.28 ÷ 0.34

0.82x

* Primary Listing of Equatorial Resources.

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

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

PBU Future Performance

 How is Equatorial Resources 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 Equatorial Resources 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
46.8%
Expected Metals and Mining industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Equatorial Resources expected to grow at an attractive rate?
  • Unable to compare Equatorial Resources's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Equatorial Resources's earnings growth to the Germany market average as no estimate data is available.
  • Unable to compare Equatorial Resources's revenue growth to the Germany market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
DB:PBU Future Growth Rates Data Sources
Data Point Source Value (per year)
Germany Metals and Mining Industry Earnings Growth Rate Market Cap Weighted Average 46.8%
Europe Metals and Mining Industry Revenue Growth Rate Market Cap Weighted Average 1.5%
Germany Market Earnings Growth Rate Market Cap Weighted Average 12.7%
Germany Market Revenue Growth Rate Market Cap Weighted Average 5%

*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:PBU Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (5 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:PBU Past Financials Data
Date (Data in AUD Millions) Revenue Cash Flow Net Income *
2018-12-31 0 0
2018-09-30 0 0
2018-06-30 0 0
2018-03-31 -1 -1 -1
2017-12-31 -1 -1 -1
2017-09-30 0 -1 -1
2017-06-30 -1 -1
2017-03-31 1 0 0
2016-12-31 1 1 0
2016-09-30 1 0 0
2016-06-30 1 -1 -1
2016-03-31 1 -2 -1

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Equatorial Resources is high growth as no earnings estimate data is available.
  • Unable to determine if Equatorial Resources 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:PBU Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (5 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Equatorial Resources Company Filings, last reported 5 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:PBU 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 -0.01
2017-09-30 -0.01
2017-06-30 -0.01
2017-03-31 0.00
2016-12-31 0.00
2016-09-30 0.00
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.
  • Unable to establish if Equatorial Resources will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Examine Equatorial Resources'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. Equatorial Resources'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. Equatorial Resources'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 Equatorial 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.
Equatorial Resources 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.

PBU Past Performance

  How has Equatorial 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 Equatorial 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.
  • Equatorial Resources has delivered over 20% year on year earnings growth in the past 5 years.
  • Equatorial Resources has become profitable in the last year making the earnings growth rate difficult to compare to the 5-year average.
  • Equatorial Resources has become profitable in the last year making it difficult to compare the Europe Metals and Mining industry average.
Earnings and Revenue History
Equatorial 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 Equatorial Resources Company Filings, last reported 5 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:PBU 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 0.25 0.77
2018-09-30 0.10 0.91
2018-06-30 -0.05 1.05
2018-03-31 -0.55 -0.54 1.56
2017-12-31 -0.59 -1.03 2.06
2017-09-30 -0.29 -1.04 2.11
2017-06-30 -1.04 2.15
2017-03-31 0.60 -0.40 1.61
2016-12-31 1.20 0.25 1.07
2016-09-30 1.19 -0.29 1.77
2016-06-30 1.17 -0.83 2.46
2016-03-31 1.17 -1.14 2.94
2015-12-31 1.18 -1.45 3.43
2015-09-30 1.25 -2.69 4.72
2015-06-30 1.33 -3.94 6.01
2015-03-31 1.40 -5.90 7.43
2014-12-31 1.46 -7.86 8.84
2014-09-30 1.60 -10.46 10.89
2014-06-30 1.73 -13.07 12.93
2014-03-31 1.97 -17.16 17.34
2013-12-31 2.21 -21.26 21.76
2013-09-30 2.63 -27.01 27.40
2013-06-30 3.06 -32.76 33.03
2013-03-31 3.38 -23.86 37.69
2012-12-31 3.69 -14.97 42.34
2012-09-30 3.47 -11.20 39.47
2012-06-30 3.24 -7.44 36.60

*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.
  • Equatorial Resources has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • It is difficult to establish if Equatorial 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 Equatorial 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 Equatorial 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.
Equatorial Resources has a total score of 1/6, 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.

PBU Health

 How is Equatorial 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 Equatorial Resources's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Equatorial Resources is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Equatorial Resources has no long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Equatorial 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.
  • Low level of unsold assets.
  • Equatorial Resources 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 Equatorial Resources Company Filings, last reported 5 months ago.

DB:PBU Past Debt and Equity Data
Date (Data in AUD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 42.41 0.00 40.12
2018-09-30 42.41 0.00 40.12
2018-06-30 42.23 0.00 39.85
2018-03-31 42.23 0.00 39.85
2017-12-31 42.17 0.00 39.84
2017-09-30 42.17 0.00 39.84
2017-06-30 42.24 0.00 39.92
2017-03-31 42.24 0.00 39.92
2016-12-31 43.15 0.00 40.85
2016-09-30 43.15 0.00 40.85
2016-06-30 43.29 0.00 40.45
2016-03-31 43.29 0.00 40.45
2015-12-31 42.89 0.00 40.12
2015-09-30 42.89 0.00 40.12
2015-06-30 44.57 0.00 37.32
2015-03-31 44.57 0.00 37.32
2014-12-31 46.67 0.00 38.67
2014-09-30 46.67 0.00 38.67
2014-06-30 49.48 0.00 40.46
2014-03-31 49.48 0.00 40.46
2013-12-31 54.74 0.00 45.45
2013-09-30 54.74 0.00 45.45
2013-06-30 61.96 0.00 51.88
2013-03-31 61.96 0.00 51.88
2012-12-31 72.15 0.00 62.38
2012-09-30 72.15 0.00 62.38
2012-06-30 90.45 0.00 79.96
  • Equatorial Resources has no debt.
  • Equatorial Resources has not taken on any debt in the past 5 years.
  • Equatorial Resources has no debt, it does not need to be covered by operating cash flow.
  • Equatorial Resources has no debt, therefore coverage of interest payments is not a concern.
X
Financial health checks
We assess Equatorial 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. Equatorial Resources has a total score of 6/6, 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.

PBU Dividends

 What is Equatorial 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 Equatorial Resources dividends.
If you bought €2,000 of Equatorial 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 Equatorial Resources's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Equatorial 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:PBU 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%
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 1.4%
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 Equatorial Resources has not reported any payouts.
  • Unable to verify if Equatorial Resources's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Equatorial Resources's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Equatorial Resources 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 Equatorial 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 Equatorial Resources afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Equatorial 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.

PBU Management

 What is the CEO of Equatorial 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
John Welborn
COMPENSATION A$21,900
TENURE AS CEO 0.4 years
CEO Bio

Mr. John Paul Welborn, B.Com, FCA, FAIM, SAFin, MAICD, MAusIMM, JP, has been the Chief Executive Officer and Managing Director of Resolute Mining Limited since July 1, 2015. Mr. Welborn has more than 20 years of commercial experience in Australian national and international leadership roles. Mr. Welborn served as the Chief Executive Officer and Managing Director at Equatorial Resources Limited from July 2010 to June 30, 2015. He served as an Executive Officer at BOQ Specialist (Aust) Limited (alternate name, BOQ Specialist Bank Limited). He served as Managing Director of Prairie Mining Limited (alternative name Prairie Downs Metals Limited) from February 4, 2009 to August 6, 2010. He served as Head of Specialized Lending in Western Australia and Executive Officer of Investec Bank (Australia) Limited. He has been the Chairman of Orbital Corporation Limited since 2014. Mr. Welborn has been a Director of Resolute Mining Limited since February 27, 2015. He was Director of Kilo Goldmines Ltd. since June 11, 2017 until March 11, 2019. He has been an Independent Non-Executive Director of Orbital Corporation Limited since June 17, 2014. He has been a Director of Carpentaria Gold Pty Ltd since July 14, 2015. He serves as a Director of Rugby WA Ltd and a Commissioner of Tourism in Western Australia. He has been Director of Equatorial Resources Limited since June 30, 2015 and serves as its Chief Executive Officer and Managing Director since 2019 and served as its Executive Director from August 6, 2010 to June 30, 2015. He served as a Non-Executive Director of Prairie Downs Metals Limited from August 6, 2010 to September 2015, where he served as an Executive Director from February 4, 2009 to August 6, 2010. He is a Fellow of the Australian Institute of Management He served as a Non Executive Director of Prairie Mining Limited (alternative name Prairie Downs Metals Limited) from February 4, 2009 to September 21, 2015. He served as a Non-Executive Director of NMG Corporation Limited (alternate name Acrow Formwork and Construction Services Limited and Noble Mineral Resources Ltd.) from March 01, 2013 to October 24, 2014. He serves as a Director of the Rugby Union Players Association, Board Member of the WA Rugby Union and on the Board of Management of the WA Arts, Sports and Recreation Training Council. Mr. Welborn was an International Rugby Union Player. He was named by MiningMx as one of the 100 Most Influential People in Africa’s Mining Industry. He is Fellow/ member of the Institute of Chartered Accountants in Australia, the Australian Institute of Mining and Metallurgy and the Financial Services Institute of Australasia and the Australian Institute of Company Directors. Mr. Welborn has a Bachelor of Commerce degree from the University of Western Australia. He is a Director of the World Gold Council since 2017.

CEO Compensation
  • John's compensation has been consistent with company performance over the past year, both up more than 20%.
  • John's remuneration is lower than average for companies of similar size in Germany.
Management Team Tenure

Average tenure of the Equatorial Resources management team in years:

6.3
Average Tenure
  • The average tenure for the Equatorial Resources management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

John Welborn

TITLE
MD, CEO & Director
COMPENSATION
A$22K
TENURE
0.4 yrs

Greg Swan

TITLE
Company Secretary
AGE
38
TENURE
9.1 yrs

Brad Farrington

TITLE
Chief Financial Officer
COMPENSATION
A$54K
TENURE
6.3 yrs
Board of Directors Tenure

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

9.2
Average Tenure
53
Average Age
  • The tenure for the Equatorial Resources board of directors is about average.
Board of Directors

Ian Middlemas

TITLE
Non-Executive Chairman
COMPENSATION
A$55K
AGE
59
TENURE
9.6 yrs

John Welborn

TITLE
MD, CEO & Director
COMPENSATION
A$22K
TENURE
8.8 yrs

Mark Pearce

TITLE
Non Executive Director
COMPENSATION
A$22K
AGE
48
TENURE
9.6 yrs

Robert Behets

TITLE
Non-Executive Director
COMPENSATION
A$33K
AGE
53
TENURE
3.3 yrs
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by Equatorial Resources insiders in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
24. May 19 Buy Westoz Funds Management Pty Ltd. Company 26. Mar 19 23. May 19 1,296,700 €0.18 €227,444
13. May 19 Buy Ian Middlemas Individual 09. May 19 09. May 19 1,290,000 €0.19 €239,376
06. Feb 19 Buy Westoz Funds Management Pty Ltd. Company 11. Jul 18 05. Feb 19 1,301,557 €0.19 €248,636
20. Jun 18 Buy Westoz Funds Management Pty Ltd. Company 18. Aug 16 19. Jun 18 1,246,673 €0.25 €293,050
X
Management checks
We assess Equatorial 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. Equatorial 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.

PBU News

Simply Wall St News

PBU Company Info

Description

Equatorial Resources Limited explores for and develops iron ore properties in the Republic of Congo. It owns a 100% interest in the Badondo iron project located in the northwest region of the Republic of Congo. The company is headquartered in Perth, Australia.

Details
Name: Equatorial Resources Limited
PBU
Exchange: DB
Founded:
A$21,267,570
124,445,353
Website: http://www.equatorialresources.com.au
Address: Equatorial Resources Limited
BGC Centre,
Level 9,
Perth,
Western Australia, 6000,
Australia
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
ASX EQX Ordinary Shares Australian Securities Exchange AU AUD 02. Jan 1992
DB PBU Ordinary Shares Deutsche Boerse AG DE EUR 02. Jan 1992
CHIA EQX Ordinary Shares Chi-X Australia AU AUD 02. Jan 1992
Number of employees
Current staff
Staff numbers
0
Equatorial Resources employees.
Industry
Steel
Materials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/06/17 22:01
End of day share price update: 2019/06/17 00:00
Last earnings filing: 2019/03/08
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.