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Roxgold

DB:WF8B
Snowflake Description

Undervalued with excellent balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
WF8B
DB
CA$381M
Market Cap
  1. Home
  2. DE
  3. Materials
Company description

Roxgold Inc., a gold mining company, engages in acquiring, exploring, and evaluating mineral properties. The last earnings update was 43 days ago. More info.


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WF8B Share Price and Events
7 Day Returns
0%
DB:WF8B
-2.2%
DE Metals and Mining
-0.4%
DE Market
1 Year Returns
-9.2%
DB:WF8B
-40.6%
DE Metals and Mining
-6.2%
DE Market
WF8B Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Roxgold (WF8B) 0% 2.6% 11.5% -9.2% -35.1% 18%
DE Metals and Mining -2.2% -2% -3.9% -40.6% -24.8% -37.1%
DE Market -0.4% 0.7% 1.8% -6.2% 13.9% 7.5%
1 Year Return vs Industry and Market
  • WF8B outperformed the Metals and Mining industry which returned -40.6% over the past year.
  • WF8B underperformed the Market in Germany which returned -6.2% over the past year.
Price Volatility
WF8B
Industry
5yr Volatility vs Market

WF8B Value

 Is Roxgold 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
Here we compare the current share price of Roxgold to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Roxgold.

DB:WF8B Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 3 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 6.8%
Perpetual Growth Rate 10-Year DE Government Bond Rate 0.2%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for DB:WF8B
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate 0.2%
Equity Risk Premium S&P Global 6%
Metals and Mining Unlevered Beta Simply Wall St/ S&P Global 1.04
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.036 (1 + (1- 26.5%) (15.66%))
1.104
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.1
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.23% + (1.104 * 5.96%)
6.81%

Discounted Cash Flow Calculation for DB:WF8B using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Roxgold is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

DB:WF8B DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 6.81%)
2019 33.07 Analyst x1 30.96
2020 50.19 Analyst x3 44.00
2021 50.36 Analyst x2 41.33
2022 61.34 Analyst x1 47.13
2023 68.87 Est @ 12.27% 49.54
2024 74.83 Est @ 8.66% 50.40
2025 79.42 Est @ 6.13% 50.08
2026 82.88 Est @ 4.36% 48.93
2027 85.46 Est @ 3.12% 47.24
2028 87.39 Est @ 2.25% 45.23
Present value of next 10 years cash flows $454.84
DB:WF8B DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= $87.39 × (1 + 0.23%) ÷ (6.81% – 0.23%)
$1,330.98
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $1,330.98 ÷ (1 + 6.81%)10
$688.82
DB:WF8B Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $454.84 + $688.82
$1,143.66
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $1,143.66 / 370.03
$4.9
DB:WF8B Discount to Share Price
Calculation Result
Exchange Rate USD/CAD
(Reporting currency to currency of TSX:ROXG)
1.312
Value per Share
(CAD)
= Value per Share in USD x Exchange Rate (USD/CAD)
= $3.09 x 1.312
CA$4.06
Non-primary Listing Adjustment Factor 1 share in DB:WF8B represents 0.63019x of TSX:ROXG
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.63019x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (CAD) x Listing Adjustment Factor
= CA$ 4.06 x 0.63019
€2.56
Value per share (EUR) From above. €2.56
Current discount Discount to share price of €0.67
= -1 x (€0.67 - €2.56) / €2.56
73.9%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Roxgold is available for.
Intrinsic value
>50%
Share price is €0.67 vs Future cash flow value of €2.56
Current Discount Checks
For Roxgold to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Roxgold's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Roxgold's share price is below the future cash flow value, and at a substantial discount (> 40%).
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 Roxgold's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Roxgold's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:WF8B PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in USD $0.06
TSX:ROXG Share Price ** TSX (2019-06-26) in CAD CA$1.06
TSX:ROXG Share Price converted to USD reporting currency Exchange rate (CAD/ USD) 0.762 $0.81
Europe Metals and Mining Industry PE Ratio Median Figure of 105 Publicly-Listed Metals and Mining Companies 10.01x
Germany Market PE Ratio Median Figure of 425 Publicly-Listed Companies 19.49x

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

** Primary Listing of Roxgold.

DB:WF8B PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= TSX:ROXG Share Price ÷ EPS (both in USD)

= 0.81 ÷ 0.06

14.6x

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

  • Roxgold is overvalued based on earnings compared to the Europe Metals and Mining industry average.
  • Roxgold is good value based on earnings compared to the Germany market.
Price based on expected Growth
Does Roxgold's expected growth come at a high price?
Raw Data
DB:WF8B PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 14.6x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts
14.6%per year
Europe Metals and Mining Industry PEG Ratio Median Figure of 64 Publicly-Listed Metals and Mining Companies 0.69x
Germany Market PEG Ratio Median Figure of 271 Publicly-Listed Companies 1.45x

*Line of best fit is calculated by linear regression .

DB:WF8B PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 14.6x ÷ 14.6%

1x

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

  • Roxgold is good value based on expected growth next year.
Price based on value of assets
What value do investors place on Roxgold's assets?
Raw Data
DB:WF8B PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in USD $0.44
TSX:ROXG Share Price * TSX (2019-06-26) in CAD CA$1.06
TSX:ROXG Share Price converted to USD reporting currency Exchange rate (CAD/ USD) 0.762 $0.81
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 574 Publicly-Listed Companies 1.8x
DB:WF8B PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= TSX:ROXG Share Price ÷ Book Value per Share (both in USD)

= 0.81 ÷ 0.44

1.82x

* Primary Listing of Roxgold.

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

  • Roxgold is good value based on assets compared to the DE Metals and Mining industry average.
X
Value checks
We assess Roxgold'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. Roxgold has a total score of 5/6, 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.

WF8B Future Performance

 How is Roxgold expected to perform in the next 1 to 3 years based on estimates from 3 analysts?

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
14.6%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Roxgold expected to grow at an attractive rate?
  • Roxgold's earnings growth is expected to exceed the low risk savings rate of 0.2%.
Growth vs Market Checks
  • Roxgold's earnings growth is expected to exceed the Germany market average.
  • Roxgold's revenues are expected to decrease over the next 1-3 years, this is below the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:WF8B Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:WF8B Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts 14.6%
DB:WF8B Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 3 Analysts -0.2%
Germany Metals and Mining Industry Earnings Growth Rate Market Cap Weighted Average 46%
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:WF8B Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:WF8B Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2022-12-31 171 80 53 2
2021-12-31 189 84 59 2
2020-12-31 192 90 48 3
2019-12-31 199 99 44 1
DB:WF8B Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-03-31 155 62 21
2018-12-31 169 63 32
2018-09-30 182 74 34
2018-06-30 181 66 34
2018-03-31 170 60 29
2017-12-31 159 58 19
2017-09-30 155 63 35
2017-06-30 119 54 27
2017-03-31 84 32 13
2016-12-31 41 13 -3
2016-09-30 -16 -22
2016-06-30 -19 -27

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Roxgold's earnings are expected to grow by 14.6% yearly, however this is not considered high growth (20% yearly).
  • Roxgold's revenue is expected to decrease over the next 1-3 years, this is not considered high growth.
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:WF8B 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 3 Analyst Estimates (S&P Global) See Below

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

DB:WF8B Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2022-12-31 0.14 0.16 0.13 2.00
2021-12-31 0.15 0.19 0.12 2.00
2020-12-31 0.14 0.14 0.14 2.00
2019-12-31 0.11 0.11 0.11 1.00
DB:WF8B Past Financials Data
Date (Data in USD Millions) EPS *
2019-03-31 0.06
2018-12-31 0.09
2018-09-30 0.09
2018-06-30 0.09
2018-03-31 0.08
2017-12-31 0.05
2017-09-30 0.10
2017-06-30 0.08
2017-03-31 0.04
2016-12-31 -0.01
2016-09-30 -0.07
2016-06-30 -0.08

*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 Roxgold will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Roxgold'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.
Roxgold has a total score of 2/6, 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.

WF8B Past Performance

  How has Roxgold 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 Roxgold'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.
  • Roxgold has delivered over 20% year on year earnings growth in the past 5 years.
  • Roxgold's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Roxgold's 1-year earnings growth is negative, it can't be compared to the Europe Metals and Mining industry average.
Earnings and Revenue History
Roxgold'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 Roxgold Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:WF8B Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 155.46 20.68 15.06
2018-12-31 168.86 31.90 15.30
2018-09-30 182.36 33.87 20.37
2018-06-30 180.75 33.57 21.05
2018-03-31 169.66 28.61 20.06
2017-12-31 159.41 18.84 19.91
2017-09-30 155.34 35.04 18.95
2017-06-30 119.07 26.99 16.68
2017-03-31 84.36 13.22 14.85
2016-12-31 41.39 -2.51 11.57
2016-09-30 -22.43 9.23
2016-06-30 -26.66 8.28
2016-03-31 -19.88 7.09
2015-12-31 -6.15 6.51
2015-09-30 -21.23 17.85
2015-06-30 -16.27 17.24
2015-03-31 -15.32 16.15
2014-12-31 -18.31 17.39
2014-09-30 -5.23 4.10
2014-06-30 -6.28 5.49
2014-03-31 -5.36 5.03
2013-12-31 -5.01 4.68
2012-12-31 -26.29 12.30
2012-10-31 -18.87 15.24
2012-07-31 -14.44 14.99

*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.
  • Roxgold has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Roxgold used its assets more efficiently than the Europe Metals and Mining industry average last year based on Return on Assets.
  • Roxgold has become profitable over the past 3 years. This is considered to be a significant improvement in its use of capital (Return on Capital Employed).
X
Past performance checks
We assess Roxgold'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.
Roxgold has a total score of 3/6, 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.

WF8B Health

 How is Roxgold'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 Roxgold's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Roxgold is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Roxgold's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Roxgold'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.
  • Debt is covered by short term assets, assets are 2.8x 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 Roxgold Company Filings, last reported 2 months ago.

DB:WF8B Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 175.14 32.96 47.84
2018-12-31 175.60 36.20 59.83
2018-09-30 169.91 38.38 71.21
2018-06-30 162.47 39.64 66.45
2018-03-31 152.11 41.64 72.15
2017-12-31 137.17 43.22 63.03
2017-09-30 133.19 46.10 56.29
2017-06-30 124.27 49.39 49.83
2017-03-31 117.52 51.91 52.33
2016-12-31 112.75 71.07 68.90
2016-09-30 88.69 69.57 60.55
2016-06-30 80.22 68.98 33.59
2016-03-31 88.25 55.25 42.11
2015-12-31 82.53 47.88 42.29
2015-09-30 148.49 28.07 55.06
2015-06-30 137.39 0.00 20.61
2015-03-31 135.87 0.00 30.18
2014-12-31 72.85 0.00 38.98
2014-09-30 114.16 0.00 16.48
2014-06-30 115.77 0.00 28.07
2014-03-31 116.80 0.00 34.52
2013-12-31 93.42 0.00 16.68
2012-12-31 68.94 0.00 8.59
2012-10-31 81.12 0.00 13.66
2012-07-31 84.02 0.00 25.40
  • Roxgold's level of debt (18.8%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (0% vs 18.8% today).
  • Debt is well covered by operating cash flow (187.4%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 8.2x coverage).
X
Financial health checks
We assess Roxgold'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. Roxgold has a total score of 5/6, 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.

WF8B Dividends

 What is Roxgold'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 Roxgold dividends.
If you bought €2,000 of Roxgold 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 Roxgold's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Roxgold'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:WF8B 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 3 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 328 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.

DB:WF8B Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2022-12-31
2021-12-31
2020-12-31
2019-12-31

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

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

WF8B Management

 What is the CEO of Roxgold'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 Dorward
COMPENSATION $1,679,202
AGE 46
TENURE AS CEO 6.8 years
CEO Bio

Mr. John Andrew Dorward, BComm (Hons), GradDipAppFin, ACSA, CFA, has been the President and Chief Executive Officer of Roxgold Inc. since September 25, 2012. Mr. Dorward served as an Interim Chief Executive Officer of Roxgold Inc., from September 26, 2012 to December 18, 2012. He served as the Vice President of Business Development at Fronteer Development (USA) Inc. and Fronteer Gold Inc. (also known as Fronteer Development Group Inc.) from October 2009 to April 2011. He served as Commercial Executive and Company Secretary of MPI Mines Ltd. from January 2003 to October 2004. Before joining MPI in January 2003, he served in a Senior Resource Project Finance role as a Manager Project Finance of BankWest from June 1997 to January 2003. He served as the Chief Financial Officer and Company Secretary of Leviathan Resources Ltd., from March 14, 2005 to December 2006 and from March 14, 2005 to November 2006 respectively. He served as Chief Financial Officer of Mineral Deposits Ltd., from November 8, 2006 to June 19, 2009, where he was responsible for financing the construction of the Sabodala Gold Project in Senegal, West Africa. He has a strong background in finance, corporate transactions and investment banking on both sides of the table and he serves as both Chief Financial Officer and bank lender to several mining companies. He has over 20 years of experience in the mining and finance industries. He had 8 years experience in the banking sector with a number of years spent in a senior resource project finance role with BankWest. He has been the Chairman at Contact Gold Corp since June 7,2017. He has been Non Independent Director of Roxgold Inc., since December 18, 2012. He has been a Non-Executive & Independent Director of Navarre Minerals Limited since August 15, 2008. He served as Director of Liberty Gold Corp. from April 04, 2011 to March 25, 2015. He served as a Non-Executive Director of Pilot Gold Inc. from 2011 to 2015. He is a Certified Financial Analyst. Mr. Dorward holds a B.Comm (Hons) from Melbourne University a Graduate Diploma in Applied Finance and Investment and a Graduate Diploma from Chartered Secretaries Australia. He has also completed the Chartered Financial Analyst (CFA) Program.

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

Average tenure of the Roxgold management team in years:

1.3
Average Tenure
  • The average tenure for the Roxgold management team is less than 2 years, this suggests a new team.
Management Team

John Dorward

TITLE
President
COMPENSATION
$2M
AGE
46
TENURE
6.8 yrs

Vince Sapuppo

TITLE
CFO & Corporate Secretary
COMPENSATION
$702K
TENURE
0.8 yrs

Iain Cox

TITLE
Interim Chief Operating Officer
COMPENSATION
$993K
TENURE
0.9 yrs

Eric Pick

TITLE
Vice President of Corporate Development
COMPENSATION
$627K
TENURE
1.6 yrs

Paul Criddle

TITLE
Chief Development Officer
COMPENSATION
$828K

Kelley Stamm

TITLE
Manager of Investor Relations & Communications

Paul Weedon

TITLE
Vice-President of Exploration
TENURE
0.7 yrs

Craig Richards

TITLE
Principal of Mining Engineer
TENURE
5.9 yrs
Board of Directors Tenure

Average tenure and age of the Roxgold board of directors in years:

6.8
Average Tenure
62
Average Age
  • The tenure for the Roxgold board of directors is about average.
Board of Directors

Oliver Lennox-King

TITLE
Chairman of the Board
COMPENSATION
$280K
AGE
69
TENURE
6.8 yrs

John Dorward

TITLE
President
COMPENSATION
$2M
AGE
46
TENURE
6.5 yrs

John Knowles

TITLE
Independent Director
COMPENSATION
$185K
AGE
63
TENURE
6.8 yrs

Jonathan Rubenstein

TITLE
Independent Director
COMPENSATION
$180K
AGE
69
TENURE
6.8 yrs

Richard Colterjohn

TITLE
Independent Director
COMPENSATION
$185K
AGE
60
TENURE
6.8 yrs

Norm Pitcher

TITLE
Independent Director
COMPENSATION
$180K
AGE
62
TENURE
3 yrs

Kate Harcourt

TITLE
Independent Director
COMPENSATION
$175K
AGE
53
TENURE
3 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
30. Aug 18 Buy John Knowles Individual 30. Aug 18 30. Aug 18 25,000 €0.61 €15,204
28. Aug 18 Buy John Knowles Individual 28. Aug 18 28. Aug 18 25,000 €0.62 €15,532
26. Aug 18 Buy John Knowles Individual 23. Aug 18 23. Aug 18 25,000 €0.62 €15,562
X
Management checks
We assess Roxgold'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. Roxgold 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.

WF8B News

Simply Wall St News

WF8B Company Info

Description

Roxgold Inc., a gold mining company, engages in acquiring, exploring, and evaluating mineral properties. Its principal asset is the Yaramoko gold project that covers an area of approximately 230 square kilometers located in the Houndé greenstone belt of Burkina Faso, West Africa. The company is headquartered in Toronto, Canada.

Details
Name: Roxgold Inc.
WF8B
Exchange: DB
Founded:
CA$255,165,094
370,029,295
Website: http://www.roxgold.com
Address: Roxgold Inc.
360 Bay Street,
Suite 500,
Toronto,
Ontario, M5H 2V6,
Canada
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
TSX ROXG Common Shares The Toronto Stock Exchange CA CAD 27. Jun 2002
OTCPK ROGF.F Common Shares Pink Sheets LLC US USD 27. Jun 2002
DB WF8B Common Shares Deutsche Boerse AG DE EUR 27. Jun 2002
Number of employees
Current staff
Staff numbers
0
Roxgold employees.
Industry
Gold
Materials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/06/26 21:49
End of day share price update: 2019/06/26 00:00
Last estimates confirmation: 2019/06/25
Last earnings filing: 2019/05/14
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.