AIM:ROCK

Stock Analysis Report

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Executive Summary

Rockfire Resources plc, through its subsidiaries, explores for gold and copper resources in Australia.


Snowflake Analysis

Adequate balance sheet with weak fundamentals.

Share Price & News

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


Latest Share Price and Events

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


Market Performance


7 Day Return

11.1%

ROCK

5.3%

GB Metals and Mining

3.7%

GB Market


1 Year Return

51.5%

ROCK

-1.0%

GB Metals and Mining

-9.5%

GB Market

Return vs Industry: ROCK exceeded the UK Metals and Mining industry which returned -3.3% over the past year.

Return vs Market: ROCK exceeded the UK Market which returned -11% over the past year.


Shareholder returns

ROCKIndustryMarket
7 Day11.1%5.3%3.7%
30 Day37.9%21.5%10.8%
90 Day8.1%8.9%-5.0%
1 Year51.5%51.5%6.6%-1.0%-5.1%-9.5%
3 Year-29.8%-29.8%45.2%21.5%-1.7%-13.7%
5 Year-78.9%-78.9%77.4%36.6%16.4%-9.7%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

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

2.61x

Price to Book (PB) ratio


Share Price vs. Fair Value

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

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


Price To Earnings Ratio

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

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


Price to Book Ratio

PB vs Industry: ROCK is overvalued based on its PB Ratio (2.6x) compared to the GB Metals and Mining industry average (1.2x).


Next Steps

Future Growth

How is Rockfire Resources forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

6.6%

Forecasted Materials industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Rockfire Resources has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Next Steps

Past Performance

How has Rockfire Resources performed over the past 5 years?

23.0%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: ROCK is currently unprofitable.

Growing Profit Margin: ROCK is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: ROCK is unprofitable, but has reduced losses over the past 5 years at a rate of 23% per year.

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

Earnings vs Industry: ROCK is unprofitable, making it difficult to compare its past year earnings growth to the Metals and Mining industry (9.8%).


Return on Equity

High ROE: ROCK has a negative Return on Equity (-26.32%), as it is currently unprofitable.


Next Steps

Financial Health

How is Rockfire Resources's financial position?


Financial Position Analysis

Short Term Liabilities: ROCK's short term assets (£819.0K) exceed its short term liabilities (£146.5K).

Long Term Liabilities: ROCK has no long term liabilities.


Debt to Equity History and Analysis

Debt Level: ROCK is debt free.

Reducing Debt: ROCK has not had any debt for 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: ROCK has less than a year of cash runway based on its current free cash flow.

Forecast Cash Runway: ROCK has less than a year of cash runway if free cash flow continues to grow at historical rates of 31.1% each year.


Next Steps

Dividend

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


Dividend Yield vs Market

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

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

Growing Dividend: Insufficient data to determine if ROCK'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 ROCK'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?

1.5yrs

Average board tenure


CEO

David Price (53yo)

2.67yrs

Tenure

UK£137,106

Compensation

Mr. David William Price, BSc, MAICD, MAIG, FAIMM, is Chief Executive Officer, Managing Director and Executive Director of Rockfire Resources plc (formerly, Papua Mining Plc). Mr. Price served as the Chairm ...


CEO Compensation Analysis

Compensation vs Market: David's total compensation ($USD172.75K) is below average for companies of similar size in the UK market ($USD341.00K).

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


Board Members

NamePositionTenureCompensationOwnership
Gordon Hart
Executive Chairman2yrsUK£76.39k1.39% £88.2k
David Price
CEO, MD & Executive Director2.67yrsUK£137.11k2.19% £138.5k
Patrick Dymock Elliott
Independent Non Executive Director1.25yrsUK£20.00k1.02% £64.7k
Ian Staunton
Independent Non-Executive Director1.5yrsUK£23.53kno data
Nicholas Adam Walley
Non Executive Director1.08yrsUK£20.00k8.17% £517.2k

1.5yrs

Average Tenure

59yo

Average Age

Experienced Board: ROCK's board of directors are not considered experienced ( 1.5 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: ROCK 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 45.2%.


Top Shareholders

Company Information

Rockfire Resources plc's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Rockfire Resources plc
  • Ticker: ROCK
  • Exchange: AIM
  • Founded: 2011
  • Industry: Diversified Metals and Mining
  • Sector: Materials
  • Market Cap: UK£6.329m
  • Shares outstanding: 632.94m
  • Website: https://www.rockfireresources.com

Number of Employees


Location

  • Rockfire Resources plc
  • Salisbury House
  • London Wall
  • London
  • Greater London
  • EC2M 5PS
  • United Kingdom

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
ROCKAIM (London Stock Exchange AIM Market)YesOrdinary SharesGBGBPMar 2012
P2PDB (Deutsche Boerse AG)YesOrdinary SharesDEEURMar 2012

Biography

Rockfire Resources plc, through its subsidiaries, explores for gold and copper resources in Australia. The company holds seven exploration permits for minerals in Queensland. It holds 100% interest in Copperhead project located in the East Tasmanide Porphyry Tract; Copper Dome tenement project; and The Lighthouse tenement that comprises Plateau, Double Event, Split Rock, Cardigan Dam, and Lower Lighthouse projects located southeast from the gold mining centre of Charters Towers. The company was formerly known as Papua Mining plc and changed its name to Rockfire Resources plc in June 2018. Rockfire Resources plc was incorporated in 2011 and is based in London, the United Kingdom. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/06/03 23:20
End of Day Share Price2020/06/03 00:00
Earnings2019/12/31
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.