AIM:HUM

Stock Analysis Report

Hummingbird Resources

Executive Summary

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


Snowflake Analysis

Reasonable growth potential and fair value.


Similar Companies

Share Price & News

How has Hummingbird Resources's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: HUM has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

-1.9%

HUM

-6.2%

GB Metals and Mining

-5.4%

GB Market


1 Year Return

6.5%

HUM

-6.0%

GB Metals and Mining

2.0%

GB Market

Return vs Industry: HUM exceeded the UK Metals and Mining industry which returned -6% over the past year.

Return vs Market: HUM exceeded the UK Market which returned 2% over the past year.


Shareholder returns

HUMIndustryMarket
7 Day-1.9%-6.2%-5.4%
30 Day9.7%-3.8%-4.2%
90 Day24.4%-0.5%-2.6%
1 Year6.5%6.5%2.1%-6.0%7.6%2.0%
3 Year5.2%5.2%26.8%7.1%11.4%-2.7%
5 Year-29.7%-29.7%67.3%28.0%29.0%-0.6%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

Is Hummingbird Resources undervalued compared to its fair value and its price relative to the market?

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: HUM (£0.26) is trading below our estimate of fair value (£0.59)

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


Price To Earnings Ratio

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

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


Price to Book Ratio

PB vs Industry: HUM is good value based on its PB Ratio (0.9x) compared to the GB Metals and Mining industry average (1.1x).


Next Steps

Future Growth

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

61.0%

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 (0.5%).

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's is expected to become profitable in the next 3 years.

Revenue vs Market: HUM's revenue (7.9% per year) is forecast to grow faster than the UK market (3.8% per year).

High Growth Revenue: HUM's revenue (7.9% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: HUM's Return on Equity is forecast to be low in 3 years time (18%).


Next Steps

Past Performance

How has Hummingbird Resources performed over the past 5 years?

-15.6%

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, and losses have increased over the past 5 years at a rate of -15.6% 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 (9.2%).


Return on Equity

High ROE: HUM has a negative Return on Equity (-17.64%), as it is currently unprofitable.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is Hummingbird Resources's financial position?


Financial Position Analysis

Short Term Liabilities: HUM's short term assets ($34.3M) do not cover its short term liabilities ($92.4M).

Long Term Liabilities: HUM's short term assets ($34.3M) do not cover its long term liabilities ($49.5M).


Debt to Equity History and Analysis

Debt Level: HUM's debt to equity ratio (53.3%) is considered high.

Reducing Debt: HUM's debt to equity ratio has increased from 27.7% to 53.3% over the past 5 years.


Balance Sheet

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

Debt Coverage by Assets: HUM's debt is not covered by short term assets (assets are 0.5x 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: 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.


Next Steps

Dividend

What is Hummingbird Resources's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

companyn/amarketbottom25%1.9%markettop25%5.4%industryaverage7.5%forecastin3Years0%

Current dividend yield vs market & industry

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

High Dividend: Unable to evaluate HUM'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 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.


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 HUM'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?

3.3yrs

Average management tenure


CEO

Dan Betts (44yo)

0

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


Leadership Team

NamePositionTenureCompensationOwnership
Daniel Betts
Co-Founder0yrsno data1.26% $1.1m
Thomas Hill
Finance Director7.6yrsno data0.042% $37.8k
Timothy Huskinson
Vice President of Finance3.3yrsno datano data
William Thurston Cook
Vice President of Operations3.3yrsno datano data
Saidou Idé
GM of Finance & Administration0yrsno datano data
Shaun Bunn
Senior Vice President of Project Delivery3.3yrsno datano data
Murray Paterson
Vice President of Geology0yrsno datano data
John Meneghini
Vice President of Mining & Member of Technical Advisory Committee0yrsno datano data

3.3yrs

Average Tenure

46yo

Average Age

Experienced Management: HUM's management team is considered experienced (3.3 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Daniel Betts
Co-Founder0yrsno data1.26% $1.1m
Thomas Hill
Finance Director7.6yrsno data0.042% $37.8k
John Meneghini
Vice President of Mining & Member of Technical Advisory Committee0yrsno datano data
Richard Straker-Smith
Non-Executive Director2.8yrsno datano data
Russell King
Non-Executive Chairman5.3yrsno data0.086% $77.5k
David Lunt
Member of Technical Advisory Committee0yrsno datano data
Stephen Betts
Non Executive Director13.8yrsno data0.056% $51.0k
Adriaan Roux
Non-Executive Director & Chairman of Technical Advisory Committee1.8yrsno datano data
Ernest Nutter
Non-Executive Director & Member of Technical Advisory Committee1.8yrsno datano data

5.3yrs

Average Tenure

61.5yo

Average Age

Experienced Board: HUM's board of directors are considered experienced (5.3 years average tenure).


Ownership

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


Insider Trading Volume

Insider Buying: HUM 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 2.1%.


Top Shareholders

Company Information

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


Key Information

  • Name: Hummingbird Resources PLC
  • Ticker: HUM
  • Exchange: AIM
  • Founded: 2005
  • Industry: Gold
  • Sector: Materials
  • Market Cap: UK£90.310m
  • Shares outstanding: 354.16m
  • Website: https://www.hummingbirdresources.co.uk

Number of Employees


Location

  • Hummingbird Resources PLC
  • 26 Mount Row
  • Hockley
  • London
  • Greater London
  • W1K 3SQ
  • United Kingdom

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
HUMAIM (London Stock Exchange AIM Market)YesOrdinary SharesGBGBPDec 2010
HUMR.FOTCPK (Pink Sheets LLC)YesOrdinary SharesUSUSDDec 2010
2HMDB (Deutsche Boerse AG)YesOrdinary SharesDEEURDec 2010

Biography

Hummingbird Resources PLC, a mining company, engages in the exploration, evaluation, and development of mineral properties in West Africa. It primarily explores for gold ores. The company principally holds interests in the Dugbe 1 project located in the Liberia; and Yanfolila gold project located in Mali. The company was founded in 2005 and is headquartered in London, United Kingdom. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/02/26 21:49
End of Day Share Price2020/02/26 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.