AIM:HUM

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Hummingbird Resources

Executive Summary

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

Rewards

Trading at 89.7% below our estimate of its fair value

Earnings are forecast to grow 13.08% per year

Became profitable this year

Risk Analysis

No risks detected for HUM from our risk checks.


Snowflake Analysis

Very undervalued with excellent balance sheet.


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 is not significantly more volatile than the rest of UK stocks over the past 3 months, typically moving +/- 8% a week.

Volatility Over Time: HUM's weekly volatility (8%) has been stable over the past year.


Market Performance


7 Day Return

-9.3%

HUM

-7.4%

GB Metals and Mining

-2.4%

GB Market


1 Year Return

29.4%

HUM

23.2%

GB Metals and Mining

-8.0%

GB Market

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

Return vs Market: HUM exceeded the UK Market which returned -7.5% over the past year.


Shareholder returns

HUMIndustryMarket
7 Day-9.3%-7.4%-2.4%
30 Day1.0%-0.6%-0.5%
90 Day-10.1%29.0%18.1%
1 Year29.4%29.4%29.1%23.2%-4.4%-8.0%
3 Year-9.9%-9.9%39.7%16.9%3.7%-9.0%
5 Year73.7%73.7%286.1%196.6%43.1%15.6%

Long-Term 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 (£0.3) is trading below our estimate of fair value (£2.96)

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


Price To Earnings Ratio

PE vs Industry: HUM is good value based on its PE Ratio (5.1x) compared to the GB Metals and Mining industry average (15x).

PE vs Market: HUM is good value based on its PE Ratio (5.1x) compared to the UK market (22.8x).


Price to Earnings Growth Ratio

PEG Ratio: HUM is good value based on its PEG Ratio (0.4x)


Price to Book Ratio

PB vs Industry: HUM is good value based on its PB Ratio (1x) compared to the GB Metals and Mining industry average (2.2x).


Next Steps

Future Growth

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

13.1%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: HUM's forecast earnings growth (13.1% per year) is above the savings rate (1%).

Earnings vs Market: HUM's earnings (13.1% per year) are forecast to grow slower than the UK market (24.2% per year).

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

Revenue vs Market: HUM's revenue (8.5% per year) is forecast to grow faster than the UK market (6.5% per year).

High Growth Revenue: HUM's revenue (8.5% 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 (17.5%).


Next Steps

Past Performance

How has Hummingbird Resources performed over the past 5 years?

39.5%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: HUM has high quality earnings.

Growing Profit Margin: HUM became profitable in the past.


Past Earnings Growth Analysis

Earnings Trend: HUM has become profitable over the past 5 years, growing earnings by 39.5% per year.

Accelerating Growth: HUM has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: HUM has become profitable in the last year, making it difficult to compare its past year earnings growth to the Metals and Mining industry (-23.3%).


Return on Equity

High ROE: HUM's Return on Equity (22.9%) is considered high.


Next Steps

Financial Health

How is Hummingbird Resources's financial position?


Financial Position Analysis

Short Term Liabilities: HUM's short term assets ($49.6M) do not cover its short term liabilities ($83.8M).

Long Term Liabilities: HUM's short term assets ($49.6M) exceed its long term liabilities ($28.2M).


Debt to Equity History and Analysis

Debt Level: HUM's debt to equity ratio (25.1%) is considered satisfactory.

Reducing Debt: HUM's debt to equity ratio has reduced from 38.7% to 25.1% over the past 5 years.

Debt Coverage: HUM's debt is well covered by operating cash flow (135.8%).

Interest Coverage: HUM's interest payments on its debt are well covered by EBIT (7.4x coverage).


Balance Sheet


Next Steps

Dividend

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

79.41%

Forecast Dividend Yield


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.


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?

4.2yrs

Average management tenure


CEO

Dan Betts (45 yo)

no data

Tenure

US$742,000

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 ($USD742.00K) is about average for companies of similar size in the UK market ($USD586.44K).

Compensation vs Earnings: Dan's compensation has been consistent with company performance over the past year.


Leadership Team

NamePositionTenureCompensationOwnership
Daniel Betts
Co-Founderno dataUS$742.00k1.27%
$ 1.4m
Thomas Hill
Finance Director8.5yrsUS$519.00k0.058%
$ 64.6k
Timothy Huskinson
Vice President of Finance4.17yrsno datano data
William Thurston Cook
Vice President of Operations4.25yrsno datano data
John Meneghini
Senior Vice President of Operations0.25yrno datano data
Saidou Idé
GM of Finance & Administrationno datano datano data
Shaun Bunn
Senior Vice President of Project Delivery4.25yrsno datano data
Edward Montgomery
Chief Strategy & ESG Officer1yrno datano data

4.2yrs

Average Tenure

46yo

Average Age

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


Board Members

NamePositionTenureCompensationOwnership
Daniel Betts
Co-Founderno dataUS$742.00k1.27%
$ 1.4m
Thomas Hill
Finance Director8.5yrsUS$519.00k0.058%
$ 64.6k
Richard Straker-Smith
Independent Non-Executive Director3.67yrsUS$74.00kno data
Russell King
Independent Non-Executive Chairman6.17yrsUS$101.00k0.085%
$ 94.2k
Stephen Betts
Independent Non Executive Director14.75yrsUS$72.00k0.28%
$ 311.1k
Adriaan Roux
Independent Non-Executive Director2.75yrsUS$104.00kno data
G. Nutter
Independent Non-Executive Director2.75yrsUS$104.00kno data

6.2yrs

Average Tenure

62yo

Average Age

Experienced Board: HUM's board of directors are considered experienced (6.2 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 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£110.803m
  • Shares outstanding: 357.43m
  • 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

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...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/01/27 20:36
End of Day Share Price2021/01/27 00:00
Earnings2020/06/30
Annual Earnings2019/12/31


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.