AIM:ATM

Stock Analysis Report

Executive Summary

AfriTin Mining Limited operates as a mining company with a portfolio of production tin assets in Namibia and South Africa.

Snowflake

Fundamentals

Adequate balance sheet with weak fundamentals.

Share Price & News

How has AfriTin Mining's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

-1.6%

ATM

-3.2%

GB Metals and Mining

-0.4%

GB Market


1 Year Return

-6.0%

ATM

1.4%

GB Metals and Mining

2.9%

GB Market

Return vs Industry: ATM underperformed the UK Metals and Mining industry which returned 1.4% over the past year.

Return vs Market: ATM underperformed the UK Market which returned 2.9% over the past year.


Shareholder returns

ATMIndustryMarket
7 Day-1.6%-3.2%-0.4%
30 Day-8.0%-5.6%-1.4%
90 Day-7.4%-12.8%-2.1%
1 Year-6.0%-6.0%9.9%1.4%7.9%2.9%
3 Yearn/a51.2%26.8%18.0%3.6%
5 Yearn/a47.1%20.0%35.8%6.4%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

Is AfriTin Mining undervalued compared to its fair value and its price relative to the market?

1.17x

Price to Book (PB) ratio


Share Price vs. Fair Value

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

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


Price To Earnings Ratio

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

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


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: ATM is overvalued based on its PB Ratio (1.2x) compared to the GB Metals and Mining industry average (1x).


Next Steps

Future Growth

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

5.9%

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 AfriTin Mining 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 AfriTin Mining performed over the past 5 years?

-58.0%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: ATM is unprofitable, and losses have increased over the past 5 years at a rate of -58% per year.

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

Earnings vs Industry: ATM is unprofitable, making it difficult to compare its past year earnings growth to the Metals and Mining industry (3.4%).


Return on Equity

High ROE: ATM has a negative Return on Equity (-7.23%), as it is currently unprofitable.


Return on Assets

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


Return on Capital Employed

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


Next Steps

Financial Health

How is AfriTin Mining's financial position?


Financial Position Analysis

Short Term Liabilities: ATM's short term assets (£2.3M) exceeds its short term liabilities (£379.5K)

Long Term Liabilities: ATM's short term assets (2.3M) exceeds its long term liabilities (75.2K)


Debt to Equity History and Analysis

Debt Level: ATM is debt free.

Reducing Debt: ATM had no debt 5 years ago.


Balance Sheet

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

Debt Coverage by Assets: Insufficient data to determine if ATM'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: ATM has less than a year of cash runway based on its current free cash flow.

Forecast Cash Runway: ATM has less than a year of cash runway if free cash flow continues to reduce at historical rates of -72.3% each year


Next Steps

Dividend

What is AfriTin Mining's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

companyn/amarketbottom25%2.0%markettop25%5.4%industryaverage7.6%forecastin3Yearsn/a

Current dividend yield vs market & industry


Stability and Growth of Payments

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

High Dividend: Unable to evaluate ATM'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 ATM's dividends per share have been stable in the past.

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


Next Steps

Management

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

2.8yrs

Average management tenure


CEO

Anthony Viljoen (43yo)

2yrs

Tenure

UK£172,210

Compensation

Mr. Anthony Richard Viljoen, BA Mgt, PG, Dip FBI has been the Chief Executive Officer of Lemur Resources Limited since November 6, 2013. Mr. Viljoen served as Chief Operations Officer of Bushveld Minerals  ...


CEO Compensation Analysis

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

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


Management Age and Tenure

2.8yrs

Average Tenure

Experienced Management: ATM's management team is considered experienced (2.8 years average tenure).


Board Age and Tenure

2.0yrs

Average Tenure

54.5yo

Average Age

Experienced Board: ATM's board of directors are not considered experienced ( 2 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.


Ownership Breakdown


Management Team

  • Anthony Viljoen (43yo)

    CEO & Director

    • Tenure: 2yrs
    • Compensation: UK£172.21k
  • Kate Bredin

    Corporate Development Officer

    • Tenure: 2.8yrs
  • Frans van Daalen

    Chief Operating Officer

    • Tenure: 0yrs
    • Compensation: UK£138.85k
  • Timothy Marais

    Member of Management Board

    • Tenure: 2.8yrs
  • Jan Rabe

    Member of Management Board

    • Tenure: 2.8yrs
  • Machiel Odendaal

    Member of Management Board

    • Tenure: 2.8yrs
  • Robert Sewell

    Chief Financial Officer

    • Tenure: 1.3yrs
    • Compensation: UK£101.47k

Board Members

  • Roger Williams (56yo)

    Non-Executive Director

    • Tenure: 2yrs
    • Compensation: UK£20.29k
  • Glen Parsons (53yo)

    Chairman

    • Tenure: 2yrs
    • Compensation: UK£27.43k
  • Laurence Robb

    Non-Executive Director

    • Tenure: 2yrs
    • Compensation: UK£28.59k
  • Anthony Viljoen (43yo)

    CEO & Director

    • Tenure: 2yrs
    • Compensation: UK£172.21k
  • Terence Goodlace (60yo)

    Non-Executive Director

    • Tenure: 1.4yrs
    • Compensation: UK£34.58k

Company Information

AfriTin Mining Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: AfriTin Mining Limited
  • Ticker: ATM
  • Exchange: AIM
  • Founded: 2017
  • Industry: Diversified Metals and Mining
  • Sector: Materials
  • Market Cap: UK£20.292m
  • Shares outstanding: 644.20m
  • Website: https://www.afritinmining.com

Number of Employees


Location

  • AfriTin Mining Limited
  • 18 - 20 Le Pollet
  • St Peter Port
  • GY1 1WH
  • Guernsey

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
ATMAIM (London Stock Exchange AIM Market)YesOrdinary SharesGBGBPNov 2017

Biography

AfriTin Mining Limited operates as a mining company with a portfolio of production tin assets in Namibia and South Africa. Its flagship asset is the Uis brownfield tin mine located in the Erongo Region, Na ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/19 21:59
End of Day Share Price2019/10/18 00:00
Earnings2019/02/28
Annual Earnings2019/02/28


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.