company background image
GFM

Griffin Mining AIM:GFM Stock Report

Last Price

UK£0.93

Market Cap

UK£160.9m

7D

-2.3%

1Y

-11.9%

Updated

27 Jun, 2022

Data

Company Financials +
GFM fundamental analysis
Snowflake Score
Valuation3/6
Future Growth2/6
Past Performance4/6
Financial Health6/6
Dividends0/6

GFM Stock Overview

Griffin Mining Limited, a mining and investment company, engages in the mining, exploration, and development of mineral properties.

Griffin Mining Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Griffin Mining
Historical stock prices
Current Share PriceUK£0.93
52 Week HighUK£1.21
52 Week LowUK£0.80
Beta1.46
1 Month Change-3.75%
3 Month Change-9.76%
1 Year Change-11.91%
3 Year Change-0.54%
5 Year Change65.55%
Change since IPO270.00%

Recent News & Updates

Shareholder Returns

GFMGB Metals and MiningGB Market
7D-2.3%-3.3%1.8%
1Y-11.9%-7.5%-7.3%

Return vs Industry: GFM underperformed the UK Metals and Mining industry which returned -10.1% over the past year.

Return vs Market: GFM underperformed the UK Market which returned -8.6% over the past year.

Price Volatility

Is GFM's price volatile compared to industry and market?
GFM volatility
GFM Average Weekly Movement5.6%
Metals and Mining Industry Average Movement7.6%
Market Average Movement5.5%
10% most volatile stocks in GB Market10.8%
10% least volatile stocks in GB Market2.8%

Stable Share Price: GFM is not significantly more volatile than the rest of UK stocks over the past 3 months, typically moving +/- 6% a week.

Volatility Over Time: GFM's weekly volatility (6%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1988448n/ahttps://www.griffinmining.com

Griffin Mining Limited, a mining and investment company, engages in the mining, exploration, and development of mineral properties. The company primarily explores for zinc, gold, silver, lead, and base and precious metal deposits. Its principal property is the Caijiaying mine located in Hebei Province, the People’s Republic of China.

Griffin Mining Fundamentals Summary

How do Griffin Mining's earnings and revenue compare to its market cap?
GFM fundamental statistics
Market CapUS$197.97m
Earnings (TTM)US$25.38m
Revenue (TTM)US$121.65m

7.8x

P/E Ratio

1.6x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
GFM income statement (TTM)
RevenueUS$121.65m
Cost of RevenueUS$63.22m
Gross ProfitUS$58.42m
Other ExpensesUS$33.05m
EarningsUS$25.38m

Last Reported Earnings

Dec 31, 2021

Next Earnings Date

n/a

Earnings per share (EPS)0.15
Gross Margin48.03%
Net Profit Margin20.86%
Debt/Equity Ratio0%

How did GFM perform over the long term?

See historical performance and comparison
We’ve recently updated our valuation analysis.

Valuation

Is GFM undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

3/6

Valuation Score 3/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • PEG Ratio

Key Valuation Metric

Which metric is best to use when looking at relative valuation for GFM?

Other financial metrics that can be useful for relative valuation.

GFM key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue1.3x
Enterprise Value/EBITDA3.1x
PEG Ratio2x

Price to Earnings Ratio vs Peers

How does GFM's PE Ratio compare to its peers?

GFM PE Ratio vs Peers
The above table shows the PE ratio for GFM vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average7.8x
AAZ Anglo Asian Mining
18.3xn/aUK£109.2m
KMR Kenmare Resources
4.1x0.6%UK£425.8m
MTR Metal Tiger
6.4xn/aUK£26.7m
MTL Metals Exploration
2.3x25.5%UK£21.4m
GFM Griffin Mining
7.8x3.9%UK£160.9m

Price-To-Earnings vs Peers: GFM is expensive based on its Price-To-Earnings Ratio (7.8x) compared to the peer average (7.8x).


Price to Earnings Ratio vs Industry

How does GFM's PE Ratio compare vs other companies in the GB Metals and Mining Industry?

Price-To-Earnings vs Industry: GFM is expensive based on its Price-To-Earnings Ratio (7.8x) compared to the UK Metals and Mining industry average (5.5x)


Price to Earnings Ratio vs Fair Ratio

What is GFM's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

GFM PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio7.8x
Fair PE Ratio9.9x

Price-To-Earnings vs Fair Ratio: GFM is good value based on its Price-To-Earnings Ratio (7.8x) compared to the estimated Fair Price-To-Earnings Ratio (9.9x).


Share Price vs Fair Value

What is the Fair Price of GFM when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: GFM (£0.93) is trading below our estimate of fair value (£2.76)

Significantly Below Fair Value: GFM is trading below fair value by more than 20%.


Price to Earnings Growth Ratio

PEG Ratio: GFM is poor value based on its PEG Ratio (2x)


Discover undervalued companies

Future Growth

How is Griffin Mining forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?

Future Growth Score

2/6

Future Growth Score 2/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


3.9%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: GFM's forecast earnings growth (3.9% per year) is above the savings rate (0.9%).

Earnings vs Market: GFM's earnings (3.9% per year) are forecast to grow slower than the UK market (11% per year).

High Growth Earnings: GFM's earnings are forecast to grow, but not significantly.

Revenue vs Market: GFM's revenue (9.7% per year) is forecast to grow faster than the UK market (4.1% per year).

High Growth Revenue: GFM's revenue (9.7% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if GFM's Return on Equity is forecast to be high in 3 years time


Discover growth companies

Past Performance

How has Griffin Mining performed over the past 5 years?

Past Performance Score

4/6

Past Performance Score 4/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


-15.6%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: GFM has high quality earnings.

Growing Profit Margin: GFM's current net profit margins (20.9%) are higher than last year (11.8%).


Past Earnings Growth Analysis

Earnings Trend: GFM's earnings have declined by 15.6% per year over the past 5 years.

Accelerating Growth: GFM's earnings growth over the past year (184.8%) exceeds its 5-year average (-15.6% per year).

Earnings vs Industry: GFM earnings growth over the past year (184.8%) exceeded the Metals and Mining industry 41.5%.


Return on Equity

High ROE: GFM's Return on Equity (9.7%) is considered low.


Discover strong past performing companies

Financial Health

How is Griffin Mining's financial position?

Financial Health Score

6/6

Financial Health Score 6/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: GFM's short term assets ($44.8M) exceed its short term liabilities ($40.9M).

Long Term Liabilities: GFM's short term assets ($44.8M) exceed its long term liabilities ($17.1M).


Debt to Equity History and Analysis

Debt Level: GFM is debt free.

Reducing Debt: GFM has no debt compared to 5 years ago when its debt to equity ratio was 31.1%.

Debt Coverage: GFM has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: GFM has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet


Discover healthy companies

Dividend

What is Griffin Mining current dividend yield, its reliability and sustainability?

Dividend Score

0/6

Dividend Score 0/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Future Dividend Coverage

Dividend Yield vs Market

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

High Dividend: Unable to evaluate GFM's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if GFM's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if GFM's dividend payments have been increasing.


Earnings Payout to Shareholders

Earnings Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: Unable to calculate sustainability of dividends as GFM has not reported any payouts.


Discover strong dividend paying companies

Management

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

0.8yrs

Average board tenure


CEO

Griffin Mining has no CEO, or we have no data on them.


Board Members

Experienced Board: GFM's board of directors are not considered experienced ( 0.8 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.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Griffin Mining Limited's employee growth, exchange listings and data sources


Key Information

  • Name: Griffin Mining Limited
  • Ticker: GFM
  • Exchange: AIM
  • Founded: 1988
  • Industry: Diversified Metals and Mining
  • Sector: Materials
  • Implied Market Cap: UK£160.907m
  • Shares outstanding: 173.95m
  • Website: https://www.griffinmining.com

Number of Employees


Location

  • Griffin Mining Limited
  • Royal Trust House
  • 8th Floor
  • London
  • Greater London
  • SW1Y 6LX
  • United Kingdom

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/06/27 00:00
End of Day Share Price2022/06/27 00:00
Earnings2021/12/31
Annual Earnings2021/12/31


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.