How does RKN's PS Ratio compare to its peers?

RKN is expensive based on its Price-To-Sales Ratio (2.8x) compared to the peer average (0.6x).

How does RKN's PS Ratio compare vs other companies in the European Metals and Mining Industry?

RKN is expensive based on its Price-To-Sales Ratio (2.8x) compared to the European Metals and Mining industry average (0.7x).

What is RKN's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

RKN is expensive based on its Price-To-Sales Ratio (2.8x) compared to the estimated Fair Price-To-Sales Ratio (0.2x).

What is the Fair Price of RKN when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

RKN (€0.06) is trading below our estimate of [[fair value]] (€0.26)

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.

Pantoro (DB:RKN) - Stock Price, News & Analysis

RKN Stock Overview

Engages in the gold mining, processing, and exploration activities in Western Australia. More details

RKN fundamental analysis
Snowflake Score
Valuation	3/6
Future Growth	5/6
Past Performance	0/6
Financial Health	4/6
Dividends	0/6

Rewards

Trading at 77.6% below our estimate of its fair value

Earnings are forecast to grow 54.87% per year

Analysts in good agreement that stock price will rise by 51.7%

Risk Analysis

Highly volatile share price over the past 3 months compared to the German market

Shareholders have been diluted in the past year

Pantoro Limited Competitors

SIMONA

DB:SIM0

€339.0m

Salzgitter

XTRA:SZG

€942.2m

AlzChem Group

XTRA:ACT

€606.5m

Uzin Utz

XTRA:UZU

€250.2m

Price History & Performance

Summary of all time highs, changes and price drops for Pantoro
Historical stock prices
Current Share Price	AU$0.059
52 Week High	AU$0.081
52 Week Low	AU$0.019
Beta	1.41
11 Month Change	-16.43%
3 Month Change	-1.68%
1 Year Change	134.00%
33 Year Change	-70.39%
5 Year Change	-33.14%
Change since IPO	19.39%

Recent updates

Shareholder Returns

	RKN	DE Metals and Mining	DE Market
7D	6.4%	2.9%	-0.02%
1Y	134.0%	-27.2%	8.2%

Return vs Industry: RKN exceeded the German Metals and Mining industry which returned -27% over the past year.

Return vs Market: RKN exceeded the German Market which returned 7.4% over the past year.

Price Volatility

Is RKN's price volatile compared to industry and market?
RKN volatility
RKN Average Weekly Movement	13.2%
Metals and Mining Industry Average Movement	11.6%
Market Average Movement	4.8%
10% most volatile stocks in DE Market	10.9%
10% least volatile stocks in DE Market	2.4%

Stable Share Price: RKN's share price has been volatile over the past 3 months compared to the German market.

Volatility Over Time: RKN's weekly volatility (13%) has been stable over the past year, but is still higher than 75% of German stocks.

About the Company

Founded	Employees	CEO	Website
1986	n/a	Paul Cmrlec	www.pantoro.com.au

Pantoro Limited, together with its subsidiaries, engages in the gold mining, processing, and exploration activities in Western Australia. It holds 100% interest in the Norseman Gold project located in the Eastern Goldfields of Western Australia. The company was formerly known as Pacific Niugini Limited and changed its name to Pantoro Limited in December 2015.

Pantoro Limited Fundamentals Summary

How do Pantoro's earnings and revenue compare to its market cap?
RKN fundamental statistics
Market cap	€402.77m
Earnings (TTM)	-€30.77m
Revenue (TTM)	€143.18m

2.8x

P/S Ratio

-13.1x

P/E Ratio

Is RKN overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
RKN income statement (TTM)
Revenue	AU$229.43m
Cost of Revenue	AU$280.27m
Gross Profit	-AU$50.84m
Other Expenses	-AU$1.53m
Earnings	-AU$49.31m

Last Reported Earnings

Jun 30, 2024

Next Earnings Date

n/a

Earnings per share (EPS)	-0.0076
Gross Margin	-22.16%
Net Profit Margin	-21.49%
Debt/Equity Ratio	3.2%

How did RKN perform over the long term?

See historical performance and comparison

RKN Stock Overview

Rewards

Risk Analysis

Pantoro Limited Competitors

DB:SIM0

€339.0m

XTRA:SZG

€942.2m

XTRA:ACT

€606.5m

XTRA:UZU

€250.2m

Price History & Performance

Recent News & Updates

Pantoro Limited Announces Colin McIntyre to Retire from the Board

Full year 2024 earnings released: AU$0.009 loss per share (vs AU$0.037 loss in FY 2023)

Pantoro Limited has filed a Follow-on Equity Offering in the amount of AUD 100 million.

Pantoro Limited has completed a Follow-on Equity Offering in the amount of AUD 88.303825 million.

Independent Non-Executive Director recently sold €53k worth of stock

Pantoro Limited, Annual General Meeting, May 29, 2024

Recent updates

Pantoro Limited Announces Colin McIntyre to Retire from the Board

Full year 2024 earnings released: AU$0.009 loss per share (vs AU$0.037 loss in FY 2023)

Pantoro Limited has filed a Follow-on Equity Offering in the amount of AUD 100 million.

Pantoro Limited has completed a Follow-on Equity Offering in the amount of AUD 88.303825 million.

Independent Non-Executive Director recently sold €53k worth of stock

Pantoro Limited, Annual General Meeting, May 29, 2024

First half 2024 earnings released: AU$0.003 loss per share (vs AU$0.028 loss in 1H 2023)

Independent Non-Executive Director recently sold €211k worth of stock

New major risk - Financial position

Independent Non-Executive Director recently sold €93k worth of stock

New major risk - Financial position

New minor risk - Market cap size

Full year 2023 earnings released: AU$0.037 loss per share (vs AU$0.007 loss in FY 2022)

New minor risk - Financial data availability

Pantoro Limited, Annual General Meeting, Nov 06, 2023

Pantoro Limited has completed a Follow-on Equity Offering in the amount of AUD 30 million.

Pantoro Limited has completed a Follow-on Equity Offering in the amount of AUD 30 million.

Less than half of directors are independent

First half 2023 earnings released: AU$0.028 loss per share (vs AU$0 in 1H 2022)

Pantoro Limited (ASX:PNR) entered into a implementation deed to acquire Tulla Resources Plc (ASX:TUL) from Tulla Resources Group Pty Limited and others for approximately AUD 140 million.

Beacon Minerals Limited (ASX:BCN) acquired 19.82% stake in Maximus Resources Limited (ASX:MXR) from Pantoro Limited (ASX:PNR) for AUD0.042 per share.

Beacon Minerals Limited (ASX:BCN) agreed to acquire 19.82% stake in Maximus Resources Limited (ASX:MXR) from Pantoro Limited (ASX:PNR) for AUD0.042 per share.

Pantoro Limited has completed a Follow-on Equity Offering in the amount of AUD 28.5 million.

Pantoro Announces Lamboo PGE Drilling Identifies New High Grade Reef System with Nickel and Copper Sulphides

Pantoro Limited Provides Results as It Advances the Phase Two Exploration Drilling Program Targeting the High Grade Mainfield At the Norseman Gold Project

Pantoro Limited Announces First Gold Poured At the Norseman Gold Project

Pantoro Limited, Annual General Meeting, Nov 28, 2022

Full year 2022 earnings released: AU$0.007 loss per share (vs AU$0.009 profit in FY 2021)

Pantoro Limited Reports Initial Results from Norseman Lithium JV

An unknown buyer acquired an unknown minority stake in Pantoro Limited (ASX:PNR) from Tulla Resources Group Pty Limited.

Pantoro Limited Provides an Update of Project Construction and Mining Activities At the Norseman Project

Pantoro Limited Provides an Update of Project Construction and Mining Activities At the Norseman Project

Pantoro Limited Announces an Update to the Mineral Resource and Ore Reserve At the Green Lantern Deposit, Part of the Scotia Mining Centre At the Norseman Project

Pantoro Limited Announces Update to the Mineral Resource and Ore Reserve At the Green Lantern Deposit, Part of the Scotia Mining Centre At the Norseman Project

Pantoro Limited Announces Drilling Results from Green Lantern at the Norseman Project

Pantoro Limited to Advise That the Initial 2022 Step Out Drilling at the Lamboo

Independent Non-Executive Director recently bought €55k worth of stock

Pantoro Limited Provides an Update of Project Construction and Mining Activities At the Norseman Project

Pantoro Limited Provides an Update on the PGE Potential on Its Tenure in the Norseman Region

Pantoro Limited Announces 20,000 M Drill Programme Commences at Lamboo PGE Project

Pantoro Limited Announces an Update to the Mineral Resource Estimates and Ore Reserve At the Scotia Deposit

First half 2022 earnings: Revenues and EPS in line with analyst expectations

Pantoro Limited Announces the Results from the Drilling Completed Late Last Year Prior to the Wet Season

Pantoro Limited Announces Operations Update At Both Its Norseman and Halls Creek Projects

Pantoro Limited Announces Significant Lamboo PGE Strike Extension

Pantoro Limited Announces Lamboo PGE Drilling to Continue

Full year 2021 earnings released: EPS AU$0.009 (vs AU$0.025 loss in FY 2020)

Pantoro Limited Provide Its Annual Mineral Resource and Ore Reserve Statement

Pantoro Limited Announces Maiden Mineral Resource Estimate and Ore Reserve at the Green Lantern Deposit, Part of the Scotia Mining Centre at the Norseman Gold Project

Pantoro Limited Provides Results from its Initial Drilling Program Targeting the Historic Mainfield at the Norseman Gold Project

Pantoro Limited Announces Third New Discovery At the Scotia Mining Centre

Pantoro Limited Announces Further High-Grade Results from A Ten Hole Infill Drilling Program on the Sailfish Prospect on Lake Cowan At the Norseman Gold Project

Pantoro Limited Identifies High Grade Mineralisation at the Lord Percy Deposit

Pantoro Limited Announces Deep Drilling At Scotia Confirms High Grade Mineralisation

First half 2021 earnings released: EPS AU$0.006 (vs AU$0.022 loss in 1H 2020)

GR Engineering Services Limited Receives Letter of Intent from Pantoro Limited for the Engineering, Procurement and Construction of a New Processing Plant for its Norseman Gold Project

Pantoro Limited Provides Update on its Regional Exploration Activities at its 100% Owned Halls Creek Project, Located in the East Kimberley Region in Western Australia

Pantoro Limited Announces Further High Grade Results from the Sailfish Prospect

Pantoro Limited Announces the Presence and Continuity of Two Additional High Grade Lodes at the Wagtail Underground Mine at the Halls Creek Project