DB:QM3

Stock Analysis Report

Executive Summary

Nova Minerals Limited engages in the mineral exploration activities in Australia and Canada.

Snowflake

Fundamentals

Adequate balance sheet with weak fundamentals.

Share Price & News

How has Nova Minerals's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

13.5%

QM3

1.6%

DE Metals and Mining

1.4%

DE Market


1 Year Return

195.0%

QM3

-32.8%

DE Metals and Mining

3.7%

DE Market

Return vs Industry: QM3 exceeded the German Metals and Mining industry which returned -32.8% over the past year.

Return vs Market: QM3 exceeded the German Market which returned 3.7% over the past year.


Shareholder returns

QM3IndustryMarket
7 Day13.5%1.6%1.4%
30 Day-18.3%-0.3%1.3%
90 Day227.8%9.4%3.4%
1 Year195.0%195.0%-31.8%-32.8%7.0%3.7%
3 Yearn/a-34.3%-36.5%18.5%8.3%
5 Yearn/a-20.9%-25.3%42.2%22.9%

Price Volatility Vs. Market

How volatile is Nova Minerals's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is Nova Minerals undervalued compared to its fair value and its price relative to the market?

4.62x

Price to Book (PB) ratio


Share Price vs. Fair Value

Undervalued: Insufficient data to calculate QM3's fair value to establish if it is undervalued.

Significantly Undervalued: Insufficient data to calculate QM3's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: QM3 is unprofitable, so we can't compare its PE Ratio to the Metals and Mining industry average.

PE vs Market: QM3 is unprofitable, so we can't compare its PE Ratio to the German market.


Price to Earnings Growth Ratio

Low PEG Ratio: Insufficient data to calculate QM3's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: QM3 is overvalued based on its PB Ratio (4.6x) compared to the DE Metals and Mining industry average (4x).


Next Steps

Future Growth

How is Nova Minerals forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

68.6%

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 Nova Minerals 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.


Next Steps

Past Performance

How has Nova Minerals performed over the past 5 years?

-22.6%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: QM3 is unprofitable, and losses have increased over the past 5 years at a rate of -22.6% per year.

Accelerating Growth: Unable to compare QM3's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: QM3 is unprofitable, making it difficult to compare its past year earnings growth to the Metals and Mining industry (-5.2%).


Return on Equity

High ROE: QM3 has a negative Return on Equity (-28.3%), as it is currently unprofitable.


Return on Assets

ROA vs Industry: QM3 is currently unprofitable, so its Return on Assets is negative.


Return on Capital Employed

ROCE Improving: QM3 is currently unprofitable, so its Return on Capital Employed is negative.


Next Steps

Financial Health

How is Nova Minerals's financial position?


Financial Position Analysis

Short Term Liabilities: QM3's short term assets (A$1.3M) exceeds its short term liabilities (A$657.7K)

Long Term Liabilities: QM3 has no long term liabilities


Debt to Equity History and Analysis

Debt Level: QM3 is debt free.

Reducing Debt: QM3 currently has no debt however we can't compare to 5 years ago as we have no data for that period.


Balance Sheet

Inventory Level: QM3 has a high level of physical assets or inventory.

Debt Coverage by Assets: Insufficient data to determine if QM3's debt is covered by short term assets.


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: QM3 has less than a year of cash runway based on its current free cash flow.

Forecast Cash Runway: QM3 has less than a year of cash runway if free cash flow continues to reduce at historical rates of -51.3% each year


Next Steps

Dividend

What is Nova Minerals's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

companyn/amarketbottom25%1.5%markettop25%3.8%industryaverage1.9%forecastin3Yearsn/a

Current dividend yield vs market & industry


Stability and Growth of Payments

Notable Dividend: Unable to evaluate QM3's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.

High Dividend: Unable to evaluate QM3's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.

Stable Dividend: Insufficient data to determine if QM3's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if QM3'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 QM3's dividend in 3 years as they are not forecast to pay a notable one for the German market.


Next Steps

Management

What is the CEO of Nova Minerals's salary, the management and board of directors tenure and is there insider trading?

0.6yrs

Average management tenure


CEO

Avi Kimelman 0

3.8yrs

Tenure

AU$435,703

Compensation

Mr. Avrohom Kimelman, also known as Avi, has been Non-Executive Chairman at Cohiba Minerals Limited since May 22, 2019. He has been the Chief Executive Officer and Director of Nova Minerals Limited ("Nova  ...


CEO Compensation Analysis

Compensation vs. Market: Insufficient data to establish whether Avi's total compensation is reasonable compared to companies of similar size in the German market.

Compensation vs Earnings: Avi's compensation has increased whilst the company is unprofitable.


Management Age and Tenure

0.6yrs

Average Tenure

Experienced Management: QM3's management team is not considered experienced ( 0.6 years average tenure), which suggests a new team.


Board Age and Tenure

1.4yrs

Average Tenure

Experienced Board: QM3's board of directors are not considered experienced ( 1.4 years average tenure), which suggests a new board.


Insider Trading

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

BuyAU$4,62006 Feb 19
Kushkush Investments Pty Ltd
EntityCompany
Shares410,000
Max PriceAU$0.011
BuyAU$6,13506 Feb 19
Louie Simens
EntityIndividual
Role
Member of the Board of Directors
Executive Director
Shares544,400
Max PriceAU$0.011

Ownership Breakdown


Management Team

  • Chris Gerteisen

    Non-Executive Director & GM of Estelle/North America

    • Tenure: 0.08yrs
  • Dale Schultz

    Chief Geologist & Technical lead

    • Tenure: 0yrs
  • Mike Kammermann

    Exploration Manager

    • Tenure: 0yrs
  • Avi Kimelman

    Executive Chairman

    • Tenure: 3.8yrs
    • Compensation: AU$435.70k
  • Olaf Frederickson

    Consultant

    • Tenure: 1.1yrs
    • Compensation: AU$35.00k
  • Louie Simens

    Executive Director

    • Tenure: 1.8yrs
    • Compensation: AU$313.97k
  • Brian Youngs

    Head of Exploration & Logistics

    • Tenure: 0yrs
  • Ian Pamensky

    Company Secretary

    • Tenure: 0.08yrs
  • Michael Melamed

    Chief Financial Officer

    • Tenure: 0yrs

Board Members

  • Chris Gerteisen

    Non-Executive Director & GM of Estelle/North America

    • Tenure: 0.08yrs
  • Avi Kimelman

    Executive Chairman

    • Tenure: 3.8yrs
    • Compensation: AU$435.70k
  • Avi Geller

    Non-Executive Director

    • Tenure: 0.9yrs
    • Compensation: AU$40.02k
  • Louie Simens

    Executive Director

    • Tenure: 1.8yrs
    • Compensation: AU$313.97k

Company Information

Nova Minerals Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Nova Minerals Limited
  • Ticker: QM3
  • Exchange: DB
  • Founded: 1987
  • Industry: Diversified Metals and Mining
  • Sector: Materials
  • Market Cap: AU$38.213m
  • Listing Market Cap: AU$23.485m
  • Shares outstanding: 932.03m
  • Website: https://novaminerals.com.au

Location

  • Nova Minerals Limited
  • 500 Collins Street
  • Level 17
  • Melbourne
  • Victoria
  • 3000
  • Australia

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
NVAASX (Australian Securities Exchange)YesOrdinary SharesAUAUDJan 1992
QTRP.FOTCPK (Pink Sheets LLC)YesOrdinary SharesUSUSDJan 1992
NVACHIA (Chi-X Australia)YesOrdinary SharesAUAUDJan 1992
QM3DB (Deutsche Boerse AG)YesOrdinary SharesDEEURJan 1992

Biography

Nova Minerals Limited engages in the mineral exploration activities in Australia and Canada. The company explores for lithium, gold, silver, copper, lead, nickel, and zinc deposits. It holds the rights to  ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/19 22:14
End of Day Share Price2019/10/18 00:00
Earnings2019/06/30
Annual Earnings2019/06/30


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.