AIM:CGH

Stock Analysis Report

Chaarat Gold Holdings

Executive Summary

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


Snowflake Analysis

High 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

Stable Share Price: CGH's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

4.0%

CGH

2.2%

GB Metals and Mining

3.9%

GB Market


1 Year Return

-4.1%

CGH

-27.0%

GB Metals and Mining

-22.4%

GB Market

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

Return vs Market: CGH exceeded the UK Market which returned -22.4% over the past year.


Shareholder returns

CGHIndustryMarket
7 Day4.0%2.2%3.9%
30 Day-22.4%-11.9%-16.1%
90 Day-26.1%-24.3%-26.1%
1 Year-4.1%-4.1%-21.2%-27.0%-18.2%-22.4%
3 Year37.7%37.7%7.8%-10.3%-11.7%-23.1%
5 Year217.1%217.1%41.7%7.6%1.9%-21.5%

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?

7.88x

Price to Book (PB) ratio


Share Price vs. Fair Value

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

Significantly Below Fair Value: 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

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 (7.9x) compared to the GB Metals and Mining industry average (0.9x).


Next Steps

Future Growth

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

92.2%

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 (0.5%).

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

High Growth Earnings: CGH's is expected to become profitable in the next 3 years.

Revenue vs Market: CGH's revenue (27.8% per year) is forecast to grow faster than the UK market (2.4% per year).

High Growth Revenue: CGH's revenue (27.8% per year) is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: CGH's Return on Equity is forecast to be low in 3 years time (16.3%).


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

Quality Earnings: CGH is currently unprofitable.

Growing Profit Margin: CGH is currently unprofitable.


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 (7.2%).


Return on Equity

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


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: Insufficient data to determine if CGH has enough cash runway based on its current free cash flow.

Forecast Cash Runway: Insufficient data to determine if CGH has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.


Next Steps

Dividend

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


Dividend Yield vs Market

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.


Stability and Growth of Payments

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

How experienced are the management team and are they aligned to shareholders interests?

1.3yrs

Average management tenure


CEO

Artem Volynets (52yo)

1.67s

Tenure

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 ...


Leadership Team

NamePositionTenureCompensationOwnership
Martin Wiwen-Nilsson
Senior Advisor1yrUS$8.00k2.13% $2.6m
Martin Axel Andersson
Executive Chairman3.42yrsno data0.31% $376.7k
Artem Volynets
CEO & Executive Director1.67yrsno data1.12% $1.4m
Christopher Eger
Chief Financial Officer1.58yrsno data0.29% $358.8k
Darin Cooper
Chief Operating Officer0.67yrno datano data
Patrick Henze
Vice President for Corporate Development & Investor Relations0.17yrno datano data
Sergei Zhukov
Head of Legal & Company Secretary1.25yrsno datano data
Vladimir Shvetsov
Senior Vice President for Geology & Explorationno datano datano data

1.3yrs

Average Tenure

52yo

Average Age

Experienced Management: CGH's management team is not considered experienced ( 1.3 years average tenure), which suggests a new team.


Board Members

NamePositionTenureCompensationOwnership
Martin Axel Andersson
Executive Chairman3.42yrsno data0.31% $376.7k
Artem Volynets
CEO & Executive Director1.67yrsno data1.12% $1.4m
Hussein Barma
Independent Non-Executive Director1.25yrsno data0.021% $26.2k
Gordon Wylie
Deputy Chairman & Senior Independent Non-Executive Director1.25yrsUS$3.00k0.042% $50.8k
Warren Gilman
Independent Non-Executive Director1yrno data0.088% $108.1k
Robert John Edwards
Independent Non Executive Director1.42yrsno datano data
Robert Benbow
Non-Executive Director1.67yrsno data0.20% $249.8k

1.4yrs

Average Tenure

53yo

Average Age

Experienced Board: CGH's board of directors are not considered experienced ( 1.4 years average tenure), which suggests a new board.


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 9.4%.


Top Shareholders

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£122.240m
  • Shares outstanding: 470.15m
  • 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 Republic. It is also involved in the production of gold. The company was founded in 2007 and is based in Bishkek, Kyrgyzstan. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/03/31 21:31
End of Day Share Price2020/03/31 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.