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Ariana Resources

AIM:AAU
Snowflake Description

Excellent balance sheet and overvalued.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
AAU
AIM
£19M
Market Cap
  1. Home
  2. GB
  3. Materials
Company description

Ariana Resources plc, together with its subsidiaries, engages in the acquisition, exploration, development, and production of mineral properties in Turkey. The last earnings update was 207 days ago. More info.


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AAU Share Price and Events
7 Day Returns
-3.9%
AIM:AAU
0.1%
GB Metals and Mining
0.5%
GB Market
1 Year Returns
28.1%
AIM:AAU
7.1%
GB Metals and Mining
0.8%
GB Market
AAU Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Ariana Resources (AAU) -3.9% 5.8% -5.2% 28.1% 19.7% 121.2%
GB Metals and Mining 0.1% 6.3% 17.2% 7.1% 89.5% 34.1%
GB Market 0.5% 3.6% 7.6% 0.8% 15.9% 6.2%
1 Year Return vs Industry and Market
  • AAU outperformed the Metals and Mining industry which returned 7.1% over the past year.
  • AAU outperformed the Market in United Kingdom of Great Britain and Northern Ireland which returned 0.8% over the past year.
Price Volatility
AAU
Industry
5yr Volatility vs Market

AAU Value

 Is Ariana 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
Here we compare the current share price of Ariana Resources 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 Ariana Resources.

AIM:AAU Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 1 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 8.5%
Perpetual Growth Rate 10-Year GB Government Bond Rate 1.2%

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 AIM:AAU
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year GB Govt Bond Rate 1.2%
Equity Risk Premium S&P Global 6.7%
Metals and Mining Unlevered Beta Simply Wall St/ S&P Global 1.13
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.132 (1 + (1- 19%) (0%))
1.088
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.09
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 1.23% + (1.088 * 6.65%)
8.46%

Discounted Cash Flow Calculation for AIM:AAU using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Ariana Resources 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.

AIM:AAU DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (GBP, Millions) Source Present Value
Discounted (@ 8.46%)
2019 -0.20 Analyst x1 -0.18
2020 1.30 Analyst x1 1.11
2021 0.20 Analyst x1 0.16
2022 0.20 Est @ 0.89% 0.15
2023 0.20 Est @ 0.99% 0.14
2024 0.21 Est @ 1.06% 0.13
2025 0.21 Est @ 1.11% 0.12
2026 0.21 Est @ 1.15% 0.11
2027 0.21 Est @ 1.17% 0.10
2028 0.22 Est @ 1.19% 0.10
Present value of next 10 years cash flows £1.91
AIM:AAU DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= £0.22 × (1 + 1.23%) ÷ (8.46% – 1.23%)
£3.02
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= £3.02 ÷ (1 + 8.46%)10
£1.34
AIM:AAU Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= £1.91 + £1.34
£3.25
Equity Value per Share
(GBP)
= Total value / Shares Outstanding
= £3.25 / 1,059.68
£0
AIM:AAU Discount to Share Price
Calculation Result
Value per share (GBP) From above. £0.00
Current discount Discount to share price of £0.02
= -1 x (£0.02 - £0.00) / £0.00
-495.1%

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

  • The current share price of Ariana Resources is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
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 Ariana Resources's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Ariana Resources's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
AIM:AAU PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-06-30) in GBP £0.00
AIM:AAU Share Price ** AIM (2019-04-23) in GBP £0.02
United Kingdom of Great Britain and Northern Ireland Metals and Mining Industry PE Ratio Median Figure of 38 Publicly-Listed Metals and Mining Companies 10.35x
United Kingdom of Great Britain and Northern Ireland Market PE Ratio Median Figure of 797 Publicly-Listed Companies 16.29x

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

** Primary Listing of Ariana Resources.

AIM:AAU PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= AIM:AAU Share Price ÷ EPS (both in GBP)

= 0.02 ÷ 0.00

13.43x

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

  • Ariana Resources is overvalued based on earnings compared to the GB Metals and Mining industry average.
  • Ariana Resources is good value based on earnings compared to the United Kingdom of Great Britain and Northern Ireland market.
Price based on expected Growth
Does Ariana Resources's expected growth come at a high price?
Raw Data
AIM:AAU PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 13.43x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts
-17.1%per year
United Kingdom of Great Britain and Northern Ireland Metals and Mining Industry PEG Ratio Median Figure of 29 Publicly-Listed Metals and Mining Companies 0.66x
United Kingdom of Great Britain and Northern Ireland Market PEG Ratio Median Figure of 564 Publicly-Listed Companies 1.48x

*Line of best fit is calculated by linear regression .

AIM:AAU PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 13.43x ÷ -17.1%

-0.79x

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

  • Ariana Resources earnings are not expected to grow next year, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Ariana Resources's assets?
Raw Data
AIM:AAU PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-06-30) in GBP £0.02
AIM:AAU Share Price * AIM (2019-04-23) in GBP £0.02
United Kingdom of Great Britain and Northern Ireland Metals and Mining Industry PB Ratio Median Figure of 118 Publicly-Listed Metals and Mining Companies 0.96x
United Kingdom of Great Britain and Northern Ireland Market PB Ratio Median Figure of 1,367 Publicly-Listed Companies 1.51x
AIM:AAU PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= AIM:AAU Share Price ÷ Book Value per Share (both in GBP)

= 0.02 ÷ 0.02

1x

* Primary Listing of Ariana Resources.

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

  • Ariana Resources is overvalued based on assets compared to the GB Metals and Mining industry average.
X
Value checks
We assess Ariana 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. Ariana 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.

AAU Future Performance

 How is Ariana Resources expected to perform in the next 1 to 3 years based on estimates from 1 analyst?

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
-17.1%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Ariana Resources expected to grow at an attractive rate?
  • Ariana Resources's earnings are expected to decrease over the next 1-3 years, this is below the low risk savings rate of 1.2%.
Growth vs Market Checks
  • Ariana Resources's earnings are expected to decrease over the next 1-3 years, this is below the United Kingdom of Great Britain and Northern Ireland market average.
  • Unable to compare Ariana Resources's revenue growth to the United Kingdom of Great Britain and Northern Ireland market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
AIM:AAU Future Growth Rates Data Sources
Data Point Source Value (per year)
AIM:AAU Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts -17.1%
United Kingdom of Great Britain and Northern Ireland Metals and Mining Industry Earnings Growth Rate Market Cap Weighted Average -0.1%
United Kingdom of Great Britain and Northern Ireland Metals and Mining Industry Revenue Growth Rate Market Cap Weighted Average 0.7%
United Kingdom of Great Britain and Northern Ireland Market Earnings Growth Rate Market Cap Weighted Average 11%
United Kingdom of Great Britain and Northern Ireland Market Revenue Growth Rate Market Cap Weighted Average 4.8%

*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
AIM:AAU Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (9 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
All numbers in GBP Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
AIM:AAU Future Estimates Data
Date (Data in GBP Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-12-31 2 0 1 1
2020-12-31 2 1 1 1
2019-12-31 0 0 -1 1
2018-12-31 2 0 1 1
AIM:AAU Past Financials Data
Date (Data in GBP Millions) Revenue Cash Flow Net Income *
2018-06-30 -2 1
2018-03-31 -2 1
2017-12-31 -3 0
2017-09-30 -3 5
2017-06-30 -2 10
2017-03-31 -2 11
2016-12-31 -1 12
2016-09-30 -1 6
2016-06-30 -1 0
2016-03-31 -1 -1
2015-12-31 -1 -1
2015-09-30 -1 -1

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Ariana Resources's earnings are expected to decrease over the next 1-3 years, this is not considered high growth.
  • Unable to determine if Ariana 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
AIM:AAU Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (9 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below

All data from Ariana Resources Company Filings, last reported 9 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

AIM:AAU Future Estimates Data
Date (Data in GBP Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-12-31
2020-12-31 0.00 0.00 0.00 1.00
2019-12-31 0.00 0.00 0.00 1.00
2018-12-31 0.00 0.00 0.00 1.00
AIM:AAU Past Financials Data
Date (Data in GBP Millions) EPS *
2018-06-30 0.00
2018-03-31 0.00
2017-12-31 0.00
2017-09-30 0.01
2017-06-30 0.01
2017-03-31 0.01
2016-12-31 0.01
2016-09-30 0.01
2016-06-30 0.00
2016-03-31 0.00
2015-12-31 0.00
2015-09-30 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 Ariana Resources will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Ariana 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 United Kingdom of Great Britain and Northern Ireland market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United Kingdom of Great Britain and Northern Ireland 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.
Ariana 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.

AAU Past Performance

  How has Ariana Resources performed over the past 5 years?

  • Ariana Resources's last earnings update was 207 days ago.
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 Ariana 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.
  • Ariana Resources has delivered over 20% year on year earnings growth in the past 5 years.
  • Ariana Resources's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Ariana Resources's 1-year earnings growth is negative, it can't be compared to the GB Metals and Mining industry average.
Earnings and Revenue History
Ariana 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 Ariana Resources Company Filings, last reported 9 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

AIM:AAU Past Revenue, Cash Flow and Net Income Data
Date (Data in GBP Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-06-30 1.41 1.68
2018-03-31 0.92 1.51
2017-12-31 0.42 1.35
2017-09-30 5.29 1.29
2017-06-30 10.17 1.23
2017-03-31 10.87 1.14
2016-12-31 11.58 1.05
2016-09-30 5.75 0.96
2016-06-30 -0.09 0.87
2016-03-31 -0.77 0.84
2015-12-31 -1.46 0.81
2015-09-30 -1.37 0.78
2015-06-30 -1.28 0.74
2015-03-31 -1.08 0.78
2014-12-31 -0.89 0.82
2014-09-30 -1.04 0.91
2014-06-30 -1.19 1.00
2014-03-31 -1.32 1.03
2013-12-31 -1.45 1.06
2013-09-30 -1.36 1.14
2013-06-30 -1.26 1.21
2013-03-31 -1.22 1.15
2012-12-31 -1.18 1.08
2012-09-30 -1.04 1.02
2012-06-30 -0.91 0.95

*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.
  • Ariana Resources has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Ariana Resources used its assets less efficiently than the GB Metals and Mining industry average last year based on Return on Assets.
  • It is difficult to establish if Ariana 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 Ariana 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.
Ariana 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.

AAU Health

 How is Ariana 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 Ariana Resources's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Ariana Resources is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Ariana Resources's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Ariana 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.
  • Ariana 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 Ariana Resources Company Filings, last reported 9 months ago.

AIM:AAU Past Debt and Equity Data
Date (Data in GBP Millions) Total Equity Total Debt Cash & Short Term Investments
2018-06-30 19.33 0.00 0.52
2018-03-31 19.33 0.00 0.52
2017-12-31 19.73 0.00 0.99
2017-09-30 19.73 0.00 0.99
2017-06-30 21.88 0.00 1.26
2017-03-31 21.88 0.00 1.26
2016-12-31 17.92 0.00 1.31
2016-09-30 17.92 0.00 1.31
2016-06-30 7.41 0.00 1.40
2016-03-31 7.41 0.00 1.40
2015-12-31 6.05 0.00 0.32
2015-09-30 6.05 0.00 0.32
2015-06-30 6.26 0.00 0.06
2015-03-31 6.26 0.00 0.06
2014-12-31 6.48 0.00 0.04
2014-09-30 6.48 0.00 0.04
2014-06-30 7.00 0.00 0.27
2014-03-31 7.00 0.00 0.27
2013-12-31 6.70 0.00 0.21
2013-09-30 6.70 0.00 0.21
2013-06-30 7.29 0.13 0.63
2013-03-31 7.29 0.13 0.63
2012-12-31 6.43 0.24 0.26
2012-09-30 6.43 0.24 0.26
2012-06-30 6.05 0.65 0.73
  • Ariana Resources has no debt.
  • Ariana Resources has no debt compared to 5 years ago when it was 1.8%.
  • Ariana Resources has no debt, it does not need to be covered by operating cash flow.
  • Ariana Resources has no debt, therefore coverage of interest payments is not a concern.
X
Financial health checks
We assess Ariana 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. Ariana Resources 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.

AAU Dividends

 What is Ariana 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 Ariana Resources dividends. Estimated to be 0% next year.
If you bought £2,000 of Ariana 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 Ariana Resources's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Ariana 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
AIM:AAU 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 1 Analyst Estimates (S&P Global) See Below
United Kingdom of Great Britain and Northern Ireland Metals and Mining Industry Average Dividend Yield Market Cap Weighted Average of 23 Stocks 6%
United Kingdom of Great Britain and Northern Ireland Market Average Dividend Yield Market Cap Weighted Average of 705 Stocks 4.2%
United Kingdom of Great Britain and Northern Ireland Minimum Threshold Dividend Yield 10th Percentile 1%
United Kingdom of Great Britain and Northern Ireland Bottom 25% Dividend Yield 25th Percentile 2%
United Kingdom of Great Britain and Northern Ireland Top 25% Dividend Yield 75th Percentile 5.2%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

AIM:AAU Future Dividends Estimate Data
Date (Data in £) Dividend per Share (annual) Avg. No. Analysts
2021-12-31
2020-12-31 0.00 1.00
2019-12-31 0.00 1.00
2018-12-31 0.00 1.00

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

  • Unable to perform a dividend volatility check as Ariana Resources has not reported any payouts.
  • Unable to verify if Ariana Resources's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Ariana Resources's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Ariana Resources has not reported any payouts.
Future Payout to shareholders
  • No need to calculate the sustainability of Ariana Resources's dividends in 3 years as they are not expected to pay a notable one for United Kingdom of Great Britain and Northern Ireland.
X
Income/ dividend checks
We assess Ariana Resources's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1%) - 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 Ariana Resources afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Ariana 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.

AAU Management

 What is the CEO of Ariana 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
Ahmet Sener
COMPENSATION £229,000
AGE 42
TENURE AS CEO 14 years
CEO Bio

Dr. Ahmet Kerim Sener, B.Sc. (Hons.), M.Sc., DIC, Ph.D. has been Managing Director at Ariana Resources plc since 2007. Dr. Sener has been Non Executive Chairman of Panther Metals Plc since August 17, 2018. He served as Non-Executive Technical Director at Genesis Resources Limited. In 2002 he established Ariana Resources and acted as its Exploration Director from 2004 to 2006. He went on to work for Independence Gold Mining Pvt. Ltd as an Independent Consultant with KSPM Associates Ltd. He serves as an Executive Director of Ariana Resources plc. He served as a Non Executive Director of Royal Road Minerals Limited (formerly, Tigris Resources Limited) until October 25, 2015. He completed his military service obligations in Turkey in 2009. Dr. Sener served as a Director of Mediterranean Resources Ltd. from March 25, 2011 to November 8, 2012. He served as a Director at Genesis Resources Limited since March 27, 2006 to March 19, 2012. Dr. Sener is a Fellow of The Geological Society of London, a Member of The Institute of Materials, Minerals and Mining and a member of the Society of Economic Geologists. He then undertook a PhD at the University of Western Australia whilst working on a number of consultancy projects in the Western Australian mining and exploration industry, in addition to working directly with his PhD sponsor company, ASX listed Northern Gold NL in the Northern Territory. Dr. Sener graduated from the University of Southampton with a BSc (Hons) degree in Geology in 1997 and from the Royal School of Mines (Imperial College, London) with an MSc in Mineral Exploration in 1998.

CEO Compensation
  • Ahmet's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.
  • Ahmet's remuneration is about average for companies of similar size in United Kingdom of Great Britain and Northern Ireland.
Management Team Tenure

Average tenure and age of the Ariana Resources management team in years:

3.3
Average Tenure
54
Average Age
  • The tenure for the Ariana Resources management team is about average.
Management Team

Michael John Villiers

TITLE
Executive Chairman & Company Secretary
COMPENSATION
£169K
AGE
55

Ahmet Sener

TITLE
MD & Executive Director
COMPENSATION
£229K
AGE
42
TENURE
14 yrs

William Benedict Payne

TITLE
Non-Executive Director & CFO
COMPENSATION
£51K
AGE
53
TENURE
12.1 yrs

Berkin Ugurlu

TITLE
Exploration Manager
TENURE
0.3 yrs

Erhan Sener

TITLE
Business Consultant
AGE
74
TENURE
3.3 yrs

Francis Wedin

TITLE
Exploration Consultant
TENURE
3.3 yrs
Board of Directors Tenure

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

7.3
Average Tenure
54
Average Age
  • The tenure for the Ariana Resources board of directors is about average.
Board of Directors

Michael John Villiers

TITLE
Executive Chairman & Company Secretary
COMPENSATION
£169K
AGE
55
TENURE
5.8 yrs

Ahmet Sener

TITLE
MD & Executive Director
COMPENSATION
£229K
AGE
42
TENURE
14 yrs

William Benedict Payne

TITLE
Non-Executive Director & CFO
COMPENSATION
£51K
AGE
53
TENURE
8.8 yrs

Chris Stuart Sangster

TITLE
Non-Executive Director
COMPENSATION
£48K
AGE
59
TENURE
2.7 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 (£)
25. Jan 19 Buy William Benedict Payne Individual 22. Jan 19 22. Jan 19 1,450,000 £0.02 £25,374
25. Jan 19 Buy Ahmet Sener Individual 22. Jan 19 22. Jan 19 860,000 £0.02 £15,050
25. Jan 19 Buy Michael John Villiers Individual 22. Jan 19 22. Jan 19 1,120,000 £0.02 £19,600
14. Nov 18 Buy Ahmet Sener Individual 13. Nov 18 13. Nov 18 600,000 £0.01 £7,950
14. Nov 18 Buy Michael John Villiers Individual 13. Nov 18 13. Nov 18 225,000 £0.01 £3,093
05. Nov 18 Buy Michael John Villiers Individual 02. Nov 18 02. Nov 18 1,000,000 £0.01 £13,230
17. Jul 18 Buy Christopher Stuart Sangster Individual 16. Jul 18 17. Jul 18 512,997 £0.01 £7,416
16. Jul 18 Buy Michael John Villiers Individual 16. Jul 18 16. Jul 18 4,500,000 £0.01 £64,227
02. Jul 18 Buy Christopher Stuart Sangster Individual 29. Jun 18 29. Jun 18 555,555 £0.01 £8,000
29. Jun 18 Buy Michael John Villiers Individual 29. Jun 18 29. Jun 18 1,000,000 £0.01 £13,850
08. Jun 18 Buy Michael John Villiers Individual 08. Jun 18 08. Jun 18 1,000,000 £0.01 £14,200
05. Jun 18 Buy Michael John Villiers Individual 04. Jun 18 05. Jun 18 3,576,923 £0.01 £45,988
X
Management checks
We assess Ariana 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. Ariana 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.

AAU News

Simply Wall St News

Did Business Growth Power Ariana Resources's (LON:AAU) Share Price Gain of 128%?

For example, the Ariana Resources plc (LON:AAU) share price has soared 128% in the last half decade. … One way to examine how market sentiment has changed over time is to look at the interaction between a company's share price and its earnings per share (EPS). … That kind of transition can be an inflection point that justifies a strong share price gain, just as we have seen here.

Simply Wall St -

Is Ariana Resources plc's (LON:AAU) 7.3% ROE Worse Than Average?

While some investors are already well versed in financial metrics (hat tip), this article is for those who would like to learn about Return On Equity (ROE) and why it is important. … Our data shows Ariana Resources has a return on equity of 7.3% for the last year. … Return on Equity = Net Profit ÷ Shareholders' Equity

Simply Wall St -

Who Has Been Buying Ariana Resources plc (LON:AAU) Shares?

So we'll take a look at whether insiders have been buying or selling shares in Ariana Resources plc (LON:AAU). … The Last 12 Months Of Insider Transactions At Ariana Resources. … In the last twelve months there was more buying than selling by Ariana Resources insiders

Simply Wall St -

Who Are Ariana Resources plc's (LON:AAU) Major Shareholders?

I am going to take a deep dive into Ariana Resources plc’s (LON:AAU) most recent ownership structure, not a frequent subject of discussion among individual investors. … Ownership structure of a company has been found to affect share performance over time. … Check out our latest analysis for Ariana Resources

Simply Wall St -

Can Ariana Resources plc (LON:AAU) Improve Your Portfolio Returns?

Based on this beta value, AAU appears to be a stock that an investor with a high-beta portfolio would look for to reduce risk exposure to the market. … I test AAU’s ratio of fixed assets to total assets in order to determine how high the risk is associated with this type of constraint. … Thus, we can expect AAU to be more stable in the face of market movements, relative to its peers of similar size but with a higher portion of fixed assets on their books.

Simply Wall St -

A Look At Ariana Resources plc (LON:AAU) And The Basic Materials Sector

Ariana Resources plc (AIM:AAU), a UK£15.10M small-cap, is a metals and mining operating in an industry which supplies materials for construction. … On the stock-level, Ariana Resources is trading at a lower PE ratio of 0.99x, making it cheaper than the average metals and mining stock. … Next Steps: Ariana Resources is a metals and mining industry laggard in terms of its future growth outlook.

Simply Wall St -

What Is Ariana Resources plc's (LON:AAU) Share Price Doing?

What’s more interesting is that, Ariana Resources’s share price is quite stable, which could mean two things: firstly, it may take the share price a while to move to its intrinsic value, and secondly, there may be less chances to buy low in the future once it reaches that value. … Although value investors would argue that it’s the intrinsic value relative to the price that matter the most, a more compelling investment thesis would be high growth potential at a cheap price. … However, with a negative profit growth of -3.95% expected over the next couple of years, near-term growth certainly doesn’t appear to be a driver for a buy decision for Ariana Resources.

Simply Wall St -

Who Owns Ariana Resources plc (LON:AAU)?

Check out our latest analysis for Ariana Resources AIM:AAU Ownership_summary Mar 13th 18 Institutional Ownership AAU's 77.79% institutional ownership seems enough to cause large share price movements in the case of significant share sell-off or acquisitions by institutions, particularly when there is a low level of public shares available on the market to trade. … This level of ownership gives retail investors the power to sway key policy decisions such as board composition, executive compensation, and potential acquisitions. … Thus, investors not need worry too much about the consequences of these holdings.Next Steps: The company's high institutional ownership makes margin of safety a very important consideration to existing investors since long bull and bear trends often emerge when these big-ticket investors see a change in long-term potential of the company.

Simply Wall St -

Can Ariana Resources plc (LON:AAU) Improve Your Portfolio Returns?

Based on this beta value, AAU appears to be a stock that an investor with a high-beta portfolio would look for to reduce risk exposure to the market. … An asset-heavy company tends to have a higher beta because the risk associated with running fixed assets during a downturn is highly expensive. … As a result, the company may be less volatile relative to broad market movements, compared to a company of similar size but higher proportion of fixed assets.

Simply Wall St -

At £0.01425, Is It Time To Buy Ariana Resources plc (LON:AAU)?

Ariana Resources plc (AIM:AAU), a metals and mining company based in United Kingdom, saw a significant share price rise of over 20% in the past couple of months on the AIM. … Great news for investors – Ariana Resources is still trading at a fairly cheap price. … Another thing to keep in mind is that Ariana Resources’s share price is quite stable relative to the rest of the market, as indicated by its low beta.

Simply Wall St -

AAU Company Info

Description

Ariana Resources plc, together with its subsidiaries, engages in the acquisition, exploration, development, and production of mineral properties in Turkey. It primarily explores for gold, silver, copper, and molybdenum deposits. The company’s flagship project is the Red Rabbit project, including the Kiziltepe and Tavsan sectors located in western Turkey. It also holds 100% interests in the Kizilçukur, Kepez, Karakavak, And Yukaricamli projects. The company was incorporated in 2005 and is based in London, the United Kingdom.

Details
Name: Ariana Resources plc
AAU
Exchange: AIM
Founded: 2005
£19,339,122
1,059,677,943
Website: http://www.arianaresources.com
Address: Ariana Resources plc
Regis House,
2nd Floor,
London,
Greater London, EC4R 9AN,
United Kingdom
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
AIM AAU Ordinary Shares London Stock Exchange AIM Market GB GBP 28. Jul 2005
Number of employees
Current staff
Staff numbers
15
Ariana Resources employees.
Industry
Gold
Materials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/23 20:53
End of day share price update: 2019/04/23 00:00
Last estimates confirmation: 2019/03/08
Last earnings filing: 2018/09/28
Last earnings reported: 2018/06/30
Last annual earnings reported: 2017/12/31


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.