company background image
HUM

Hummingbird Resources AIM:HUM Stock Report

Last Price

UK£0.081

Market Cap

UK£30.5m

7D

-4.7%

1Y

-59.7%

Updated

09 Aug, 2022

Data

Company Financials +
HUM fundamental analysis
Snowflake Score
Valuation5/6
Future Growth6/6
Past Performance0/6
Financial Health1/6
Dividends0/6

HUM Stock Overview

Hummingbird Resources PLC, a mining company, engages in the exploration, evaluation, and development of mineral properties in West Africa.

Hummingbird Resources Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Hummingbird Resources
Historical stock prices
Current Share PriceUK£0.081
52 Week HighUK£0.23
52 Week LowUK£0.075
Beta0.69
1 Month Change-16.92%
3 Month Change-40.00%
1 Year Change-59.70%
3 Year Change-67.60%
5 Year Change-76.18%
Change since IPO-95.45%

Recent News & Updates

Shareholder Returns

HUMGB Metals and MiningGB Market
7D-4.7%2.0%0.8%
1Y-59.7%-14.6%-6.4%

Return vs Industry: HUM underperformed the UK Metals and Mining industry which returned -14.6% over the past year.

Return vs Market: HUM underperformed the UK Market which returned -6.4% over the past year.

Price Volatility

Is HUM's price volatile compared to industry and market?
HUM volatility
HUM Average Weekly Movement5.6%
Metals and Mining Industry Average Movement7.8%
Market Average Movement5.4%
10% most volatile stocks in GB Market10.8%
10% least volatile stocks in GB Market2.7%

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

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

About the Company

FoundedEmployeesCEOWebsite
2005364Dan Bettshttps://www.hummingbirdresources.co.uk

Hummingbird Resources PLC, a mining company, engages in the exploration, evaluation, and development of mineral properties in West Africa. The company primarily explores for gold ores. It principally holds interests in the Yanfolila gold mine located in Mali; the Kouroussa gold project located in Guinea; and the Dugbe gold project located in Liberia.

Hummingbird Resources Fundamentals Summary

How do Hummingbird Resources's earnings and revenue compare to its market cap?
HUM fundamental statistics
Market CapUS$36.87m
Earnings (TTM)-US$24.58m
Revenue (TTM)US$146.66m

0.3x

P/S Ratio

-1.6x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
HUM income statement (TTM)
RevenueUS$146.66m
Cost of RevenueUS$127.82m
Gross ProfitUS$18.84m
Other ExpensesUS$43.43m
Earnings-US$24.58m

Last Reported Earnings

Jun 30, 2022

Next Earnings Date

n/a

Earnings per share (EPS)-0.062
Gross Margin12.85%
Net Profit Margin-16.76%
Debt/Equity Ratio54.2%

How did HUM perform over the long term?

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

Valuation

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

Valuation Score

5/6

Valuation Score 5/6

  • Price-To-Sales vs Peers

  • Price-To-Sales vs Industry

  • Price-To-Sales vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

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

Other financial metrics that can be useful for relative valuation.

HUM 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/Revenue1.1x
Enterprise Value/EBITDA-22x
PEG Ration/a

Price to Sales Ratio vs Peers

How does HUM's PS Ratio compare to its peers?

HUM PS Ratio vs Peers
The above table shows the PS ratio for HUM vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPSEstimated GrowthMarket Cap
Peer Average12.6x
SRB Serabi Gold
0.6x20.3%UK£29.5m
XTR Xtract Resources
45.1xn/aUK£31.5m
GCAT Caracal Gold
3.6xn/aUK£15.2m
ALTN AltynGold
0.7x4.0%UK£29.0m
HUM Hummingbird Resources
0.3x37.2%UK£30.5m

Price-To-Sales vs Peers: HUM is good value based on its Price-To-Sales Ratio (0.3x) compared to the peer average (12.6x).


Price to Earnings Ratio vs Industry

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

Price-To-Sales vs Industry: HUM is good value based on its Price-To-Sales Ratio (0.3x) compared to the UK Metals and Mining industry average (1.4x)


Price to Sales Ratio vs Fair Ratio

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

HUM PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio0.3x
Fair PS Ratio1.6x

Price-To-Sales vs Fair Ratio: HUM is good value based on its Price-To-Sales Ratio (0.3x) compared to the estimated Fair Price-To-Sales Ratio (1.6x).


Share Price vs Fair Value

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

Below Fair Value: HUM (£0.08) is trading below our estimate of fair value (£4.58)

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


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Insufficient data to show price forecast.


Discover undervalued companies

Future Growth

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

Future Growth Score

6/6

Future Growth Score 6/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


90.1%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: HUM is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (0.9%).

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

High Growth Earnings: HUM is expected to become profitable in the next 3 years.

Revenue vs Market: HUM's revenue (37.2% per year) is forecast to grow faster than the UK market (4% per year).

High Growth Revenue: HUM's revenue (37.2% per year) is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: HUM's Return on Equity is forecast to be high in 3 years time (39.5%)


Discover growth companies

Past Performance

How has Hummingbird Resources performed over the past 5 years?

Past Performance Score

0/6

Past Performance Score 0/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


2.7%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: HUM is currently unprofitable.

Growing Profit Margin: HUM is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: HUM is unprofitable, but has reduced losses over the past 5 years at a rate of 2.7% per year.

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

Earnings vs Industry: HUM is unprofitable, making it difficult to compare its past year earnings growth to the Metals and Mining industry (19.7%).


Return on Equity

High ROE: HUM has a negative Return on Equity (-17.73%), as it is currently unprofitable.


Discover strong past performing companies

Financial Health

How is Hummingbird Resources's financial position?

Financial Health Score

1/6

Financial Health Score 1/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Stable Cash Runway

  • Forecast Cash Runway

Financial Position Analysis

Short Term Liabilities: HUM's short term assets ($54.1M) do not cover its short term liabilities ($83.0M).

Long Term Liabilities: HUM's short term assets ($54.1M) do not cover its long term liabilities ($114.0M).


Debt to Equity History and Analysis

Debt Level: HUM's net debt to equity ratio (33%) is considered satisfactory.

Reducing Debt: HUM's debt to equity ratio has increased from 51.4% to 54.2% over the past 5 years.


Balance Sheet


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

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


Discover healthy companies

Dividend

What is Hummingbird Resources's 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

  • Cash Flow Coverage

Dividend Yield vs Market

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

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

Growing Dividend: Insufficient data to determine if HUM'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 HUM has not reported any payouts.


Discover strong dividend paying companies

Management

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

4.2yrs

Average management tenure


CEO

Dan Betts (47 yo)

16.75yrs

Tenure

US$821,000

Compensation

Mr. Daniel Edward Betts, also known as Dan, founded Hummingbird Resources Plc in November 2005 and serves as its Chief Executive Officer and Managing Director. Mr. Betts has been an Executive Director of H...


CEO Compensation Analysis

Compensation vs Market: Dan's total compensation ($USD821.00K) is above average for companies of similar size in the UK market ($USD339.24K).

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


Leadership Team

Experienced Management: HUM's management team is considered experienced (4.2 years average tenure).


Board Members

Experienced Board: HUM's board of directors are considered experienced (7.7 years average tenure).


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 not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Hummingbird Resources PLC's employee growth, exchange listings and data sources


Key Information

  • Name: Hummingbird Resources PLC
  • Ticker: HUM
  • Exchange: AIM
  • Founded: 2005
  • Industry: Gold
  • Sector: Materials
  • Implied Market Cap: UK£30.505m
  • Shares outstanding: 393.61m
  • Website: https://www.hummingbirdresources.co.uk

Number of Employees


Location

  • Hummingbird Resources PLC
  • 49-63 Spencer Street
  • Hockley
  • Birmingham
  • West Midlands
  • B18 6DE
  • United Kingdom

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/08/09 00:00
End of Day Share Price2022/08/09 00:00
Earnings2022/06/30
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.