AIM:CGH

Stock Analysis Report

Chaarat Gold Holdings

Executive Summary

Chaarat Gold Holdings Limited owns, operates, and explores for gold deposits.

Snowflake

Fundamentals

Exceptional growth potential with weak fundamentals.

Share Price & News

How has Chaarat Gold Holdings's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

10.0%

CGH

1.3%

GB Metals and Mining

1.1%

GB Market


1 Year Return

n/a

CGH

1.6%

GB Metals and Mining

2.7%

GB Market

Return vs Industry: Insufficient data to determine how CGH performed against the UK Metals and Mining industry.

Return vs Market: Insufficient data to determine how CGH performed against the UK Market.


Shareholder returns

CGHIndustryMarket
7 Day10.0%1.3%1.1%
30 Day34.1%-6.5%-1.7%
90 Day27.2%-11.4%-2.7%
1 Yearn/a10.1%1.6%7.8%2.7%
3 Year352.0%352.0%58.8%33.1%19.3%4.7%
5 Year202.2%202.2%48.7%21.5%38.0%8.1%

Price Volatility Vs. Market

How volatile is Chaarat Gold Holdings's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Chaarat Gold Holdings undervalued compared to its fair value and its price relative to the market?

11.45x

Price to Book (PB) ratio


Share Price vs. Fair Value

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

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


Price To Earnings Ratio

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

PE vs Market: CGH 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 CGH's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: CGH is overvalued based on its PB Ratio (11.4x) compared to the GB Metals and Mining industry average (1x).


Next Steps

Future Growth

How is Chaarat Gold Holdings forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?

59.6%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: CGH is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (1.2%).

Earnings vs Market: CGH is forecast to become profitable over the next 3 year, which is considered above average market growth.

High Growth Earnings: CGH's loss is forecast to worsen by 0% next year.

Revenue vs Market: CGH's revenue (29.8% per year) is forecast to grow faster than the UK market (3.8% per year).

High Growth Revenue: CGH's revenue (29.8% per year) is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

High Future ROE: CGH's Return on Equity is forecast to be high in 3 years time (26.6%)


Next Steps

Past Performance

How has Chaarat Gold Holdings performed over the past 5 years?

-22.5%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: CGH is unprofitable, and losses have increased over the past 5 years at a rate of -22.5% per year.

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

Earnings vs Industry: CGH is unprofitable, making it difficult to compare its past year earnings growth to the Metals and Mining industry (3.8%).


Return on Equity

High ROE: CGH has a negative Return on Equity (-146.96%), as it is currently unprofitable.


Return on Assets

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


Return on Capital Employed

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


Next Steps

Financial Health

How is Chaarat Gold Holdings's financial position?


Financial Position Analysis

Short Term Liabilities: CGH's short term assets ($34.1M) do not cover its short term liabilities ($66.4M)

Long Term Liabilities: CGH's short term assets (34.1M) do not cover its long term liabilities (45.8M)


Debt to Equity History and Analysis

Debt Level: CGH's debt to equity ratio (496%) is considered high

Reducing Debt: Insufficient data to determine if CGH's debt to equity ratio has reduced over the past 5 years.


Balance Sheet

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

Debt Coverage by Assets: CGH's debt is not covered by short term assets (assets are 0.4x debt).


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

Forecast Cash Runway: CGH has less than a year of cash runway if free cash flow continues to reduce at historical rates of -43.9% each year


Next Steps

Dividend

What is Chaarat Gold Holdings's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

companyn/amarketbottom25%2.0%markettop25%5.4%industryaverage7.6%forecastin3Years0%

Current dividend yield vs market & industry


Stability and Growth of Payments

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

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

Growing Dividend: Insufficient data to determine if CGH'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 CGH'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 Chaarat Gold Holdings's salary, the management and board of directors tenure and is there insider trading?

1.2yrs

Average management tenure


CEO

Artem Volynets (52yo)

1.3yrs

Tenure

0

Mr. Artem O. Volynets is Director of Chaarat Gold Holdings Limited since March 26, 2018 and also serves as its Chief Executive Officer since June 25, 2018. Mr. Volynets served as the Chief Executive Office ...


Management Age and Tenure

1.2yrs

Average Tenure

52.5yo

Average Age

Experienced Management: CGH's management team is not considered experienced ( 1.2 years average tenure), which suggests a new team.


Board Age and Tenure

1.1yrs

Average Tenure

53yo

Average Age

Experienced Board: CGH's board of directors are not considered experienced ( 1.1 years average tenure), which suggests a new board.


Insider Trading

Insider Buying: CGH insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

BuyUS$100,89814 Oct 19
Labro Investments Limited
EntityCompany
Shares275,018
Max PriceUS$0.37
BuyUS$120,67511 Oct 19
Labro Investments Limited
EntityCompany
Shares338,116
Max PriceUS$0.37
BuyUS$40,72711 Oct 19
Robert Benbow
EntityIndividual
Role
Member of the Board of Directors
Non-Executive Director
Shares110,000
Max PriceUS$0.37
BuyUS$155,45707 Oct 19
Labro Investments Limited
EntityCompany
Shares425,860
Max PriceUS$0.37
BuyUS$4,73201 Oct 19
Labro Investments Limited
EntityCompany
Shares13,000
Max PriceUS$0.36
BuyUS$138,16327 Sep 19
Labro Investments Limited
EntityCompany
Shares382,541
Max PriceUS$0.37
BuyUS$385,18626 Sep 19
Labro Investments Limited
EntityCompany
Shares1,095,150
Max PriceUS$0.36
BuyUS$129,65723 Sep 19
Labro Investments Limited
EntityCompany
Shares396,204
Max PriceUS$0.35
BuyUS$218,98918 Sep 19
Labro Investments Limited
EntityCompany
Shares714,524
Max PriceUS$0.31
BuyUS$105,33105 Jul 19
Labro Investments Limited
EntityCompany
Shares331,617
Max PriceUS$0.32
BuyUS$220,85628 May 19
Labro Investments Limited
EntityCompany
Shares696,252
Max PriceUS$0.32
BuyUS$395,85522 May 19
Labro Investments Limited
EntityCompany
Shares1,316,186
Max PriceUS$0.31
BuyUS$67,70016 May 19
Labro Investments Limited
EntityCompany
Shares225,000
Max PriceUS$0.31
BuyUS$127,50513 May 19
Labro Investments Limited
EntityCompany
Shares419,209
Max PriceUS$0.31
BuyUS$88,79010 May 19
Labro Investments Limited
EntityCompany
Shares309,436
Max PriceUS$0.30
BuyUS$164,48307 May 19
Labro Investments Limited
EntityCompany
Shares605,547
Max PriceUS$0.28
BuyUS$76,60001 May 19
Christopher Eger
EntityIndividual
Role
Chief Financial Officer
Chief Financial Officer
Shares255,333
Max PriceUS$0.30
BuyUS$105,00001 May 19
Warren Gilman
EntityIndividual
Role
Member of the Board of Directors
Independent Non-Executive Director
Shares350,000
Max PriceUS$0.30
BuyUS$19,15001 May 19
Gordon Wylie
EntityIndividual
Role
Vice Chairman
Deputy Chairman & Senior Independent Director
Shares63,833
Max PriceUS$0.30
BuyUS$10,50001 May 19
Hussein Barma
EntityIndividual
Role
Member of the Board of Directors
Independent Non-Executive Director
Shares35,000
Max PriceUS$0.30
BuyUS$100,00001 May 19
Artem Volynets
EntityIndividual
Role
Chief Executive Officer
CEO & Executive Director
Shares333,333
Max PriceUS$0.30
BuyUS$37,50001 May 19
Robert Benbow
EntityIndividual
Role
Member of the Board of Directors
Non-Executive Director
Shares125,000
Max PriceUS$0.30
BuyUS$50,70019 Mar 19
Artem Volynets
EntityIndividual
Role
Chief Executive Officer
CEO & Executive Director
Shares200,000
Max PriceUS$0.25
BuyUS$37,30614 Mar 19
Christopher Eger
EntityIndividual
Role
Chief Financial Officer
Chief Financial Officer
Shares150,000
Max PriceUS$0.25
BuyUS$63,40913 Mar 19
Artem Volynets
EntityIndividual
Role
Chief Executive Officer
CEO & Executive Director
Shares250,000
Max PriceUS$0.26
BuyUS$127,60012 Mar 19
Artem Volynets
EntityIndividual
Role
Chief Executive Officer
CEO & Executive Director
Shares500,000
Max PriceUS$0.26
BuyUS$74,42011 Mar 19
Artem Volynets
EntityIndividual
Role
Chief Executive Officer
CEO & Executive Director
Shares300,000
Max PriceUS$0.26
BuyUS$67,87531 Jan 19
Labro Investments Limited
EntityCompany
Shares250,000
Max PriceUS$0.27
BuyUS$97,62607 Jan 19
Labro Investments Limited
EntityCompany
Shares350,000
Max PriceUS$0.28
BuyUS$52,35031 Dec 18
Labro Investments Limited
EntityCompany
Shares175,000
Max PriceUS$0.30
BuyUS$158,10328 Dec 18
Labro Investments Limited
EntityCompany
Shares600,000
Max PriceUS$0.31

Ownership Breakdown


Management Team

  • Dusty Nicol (62yo)

    Senior Vice President of Exploration

    • Tenure: 1.3yrs
    • Compensation: US$3.00k
  • Artem Volynets (52yo)

    CEO & Executive Director

    • Tenure: 1.3yrs
  • Martin Axel Andersson (53yo)

    Executive Chairman

    • Tenure: 3yrs
  • Darin Cooper (52yo)

    Chief Operating Officer

    • Tenure: 0.3yrs
  • Chris Eger

    Chief Financial Officer

    • Tenure: 1.2yrs
  • Martin Wiwen-Nilsson

    Senior Advisor

    • Tenure: 0.6yrs
    • Compensation: US$8.00k
  • Sergei Zhukov

    Head of Legal & Company Secretary

    • Tenure: 0.8yrs

Board Members

  • Hussein Barma (53yo)

    Independent Non-Executive Director

    • Tenure: 0.8yrs
  • Gordon Wylie (66yo)

    Deputy Chairman & Senior Independent Director

    • Tenure: 0.8yrs
    • Compensation: US$3.00k
  • Rob Edwards (53yo)

    Independent Non Executive Director

    • Tenure: 1.1yrs
  • Artem Volynets (52yo)

    CEO & Executive Director

    • Tenure: 1.3yrs
  • Warren Gilman (59yo)

    Independent Non-Executive Director

    • Tenure: 0.6yrs
  • Martin Axel Andersson (53yo)

    Executive Chairman

    • Tenure: 3yrs
  • Bob Benbow (66yo)

    Non-Executive Director

    • Tenure: 1.3yrs

Company Information

Chaarat Gold Holdings Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Chaarat Gold Holdings Limited
  • Ticker: CGH
  • Exchange: AIM
  • Founded: 2007
  • Industry: Gold
  • Sector: Materials
  • Market Cap: UK£164.324m
  • Shares outstanding: 441.37m
  • Website: https://www.chaarat.com

Number of Employees


Location

  • Chaarat Gold Holdings Limited
  • Business Centre Victory
  • 10th Floor
  • Bishkek
  • 720011
  • Kyrgyzstan

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
CGHAIM (London Stock Exchange AIM Market)YesOrdinary SharesGBGBPNov 2007
9ISDB (Deutsche Boerse AG)YesOrdinary SharesDEEURNov 2007

Biography

Chaarat Gold Holdings Limited owns, operates, and explores for gold deposits. The company primarily engages in the development of Chaarat gold project located in the Sandalash River valley, the Kyrgyz Repu ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/14 21:06
End of Day Share Price2019/10/14 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


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.