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Serabi Gold

AIM:SRB
Snowflake Description

Excellent balance sheet with high growth potential.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
SRB
AIM
£23M
Market Cap
  1. Home
  2. GB
  3. Materials
Company description

Serabi Gold plc primarily engages in the exploration, mining, and development of gold projects in Brazil and the United Kingdom. The last earnings update was 24 days ago. More info.


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SRB Share Price and Events
7 Day Returns
-1.3%
AIM:SRB
-1%
GB Metals and Mining
0.6%
GB Market
1 Year Returns
-46.6%
AIM:SRB
6.9%
GB Metals and Mining
1.1%
GB Market
SRB Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Serabi Gold (SRB) -1.3% -13.3% 4% -46.6% -56.7% -60%
GB Metals and Mining -1% 6.3% 15.6% 6.9% 84.4% 32.8%
GB Market 0.6% 3.6% 6.9% 1.1% 15.6% 6.2%
1 Year Return vs Industry and Market
  • SRB underperformed the Metals and Mining industry which returned 6.9% over the past year.
  • SRB underperformed the Market in United Kingdom of Great Britain and Northern Ireland which returned 1.1% over the past year.
Price Volatility
SRB
Industry
5yr Volatility vs Market

SRB Value

 Is Serabi Gold undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
  • It is not possible to calculate the future cash flow value for Serabi Gold. This is due to cash flow or dividend data being unavailable. The share price is £0.39.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Serabi Gold's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Serabi Gold's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
AIM:SRB PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in USD $-0.11
AIM:SRB Share Price ** AIM (2019-04-18) in GBP £0.39
AIM:SRB Share Price converted to USD reporting currency Exchange rate (GBP/ USD) 1.298 $0.51
United Kingdom of Great Britain and Northern Ireland Metals and Mining Industry PE Ratio Median Figure of 38 Publicly-Listed Metals and Mining Companies 10.37x
United Kingdom of Great Britain and Northern Ireland Market PE Ratio Median Figure of 797 Publicly-Listed Companies 16.29x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Serabi Gold.

AIM:SRB PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= AIM:SRB Share Price ÷ EPS (both in USD)

= 0.51 ÷ -0.11

-4.52x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Serabi Gold is loss making, we can't compare its value to the GB Metals and Mining industry average.
  • Serabi Gold is loss making, we can't compare the value of its earnings to the United Kingdom of Great Britain and Northern Ireland market.
Price based on expected Growth
Does Serabi Gold's expected growth come at a high price?
Raw Data
AIM:SRB PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -4.52x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts
47%per year
United Kingdom of Great Britain and Northern Ireland Metals and Mining Industry PEG Ratio Median Figure of 29 Publicly-Listed Metals and Mining Companies 0.52x
United Kingdom of Great Britain and Northern Ireland Market PEG Ratio Median Figure of 564 Publicly-Listed Companies 1.48x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Serabi Gold, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Serabi Gold's assets?
Raw Data
AIM:SRB PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in USD $1.17
AIM:SRB Share Price * AIM (2019-04-18) in GBP £0.39
AIM:SRB Share Price converted to USD reporting currency Exchange rate (GBP/ USD) 1.298 $0.51
United Kingdom of Great Britain and Northern Ireland Metals and Mining Industry PB Ratio Median Figure of 118 Publicly-Listed Metals and Mining Companies 0.96x
United Kingdom of Great Britain and Northern Ireland Market PB Ratio Median Figure of 1,367 Publicly-Listed Companies 1.51x
AIM:SRB PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= AIM:SRB Share Price ÷ Book Value per Share (both in USD)

= 0.51 ÷ 1.17

0.43x

* Primary Listing of Serabi Gold.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Serabi Gold is good value based on assets compared to the GB Metals and Mining industry average.
X
Value checks
We assess Serabi Gold's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Metals and Mining industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Metals and Mining industry average (and greater than 0)? (1 check)
  5. Serabi Gold has a total score of 1/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

SRB Future Performance

 How is Serabi Gold expected to perform in the next 1 to 3 years based on estimates from 1 analyst?

  • No analysts cover Serabi Gold, future earnings growth has been estimated based on fundamentals.
The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
47%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Serabi Gold expected to grow at an attractive rate?
  • Serabi Gold's earnings growth is expected to exceed the low risk savings rate of 1.2%.
Growth vs Market Checks
  • Serabi Gold's earnings growth is expected to exceed the United Kingdom of Great Britain and Northern Ireland market average.
  • Serabi Gold's revenue growth is expected to exceed the United Kingdom of Great Britain and Northern Ireland market average.
Annual Growth Rates Comparison
Raw Data
AIM:SRB Future Growth Rates Data Sources
Data Point Source Value (per year)
AIM:SRB Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts 47%
AIM:SRB Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 1 Analysts 30.7%
United Kingdom of Great Britain and Northern Ireland Metals and Mining Industry Earnings Growth Rate Market Cap Weighted Average -0.2%
United Kingdom of Great Britain and Northern Ireland Metals and Mining Industry Revenue Growth Rate Market Cap Weighted Average 0.8%
United Kingdom of Great Britain and Northern Ireland Market Earnings Growth Rate Market Cap Weighted Average 11%
United Kingdom of Great Britain and Northern Ireland Market Revenue Growth Rate Market Cap Weighted Average 4.8%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
AIM:SRB Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
AIM:SRB Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-12-31 107 36 1
2020-12-31 91 28 1
2019-12-31 55 15 1
AIM:SRB Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2018-12-31 43 2 -6
2018-09-30 45 5 -4
2018-06-30 51 10 -2
2018-03-31 49 11 -2
2017-12-31 48 8 -2
2017-09-30 47 11 2
2017-06-30 50 13 2
2017-03-31 54 14 3
2016-12-31 53 16 4
2016-09-30 50 12 1
2016-06-30 42 8 1
2016-03-31 39 7 1

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Serabi Gold's earnings are expected to grow significantly at over 20% yearly.
  • Serabi Gold's revenue is expected to grow significantly at over 20% yearly.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
AIM:SRB Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below

All data from Serabi Gold Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

AIM:SRB Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-12-31
2020-12-31
2019-12-31
AIM:SRB Past Financials Data
Date (Data in USD Millions) EPS *
2018-12-31 -0.11
2018-09-30 -0.10
2018-06-30 -0.05
2018-03-31 -0.07
2017-12-31 -0.07
2017-09-30 0.06
2017-06-30 0.07
2017-03-31 0.09
2016-12-31 0.13
2016-09-30 0.04
2016-06-30 0.03
2016-03-31 0.03

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Serabi Gold is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Serabi Gold's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United Kingdom of Great Britain and Northern Ireland market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United Kingdom of Great Britain and Northern Ireland market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Serabi Gold has a total score of 5/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

SRB Past Performance

  How has Serabi Gold performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Serabi Gold's growth in the last year to its industry (Metals and Mining).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Serabi Gold does not make a profit even though their year on year earnings growth rate was positive over the past 5 years.
  • Unable to compare Serabi Gold's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Serabi Gold's 1-year growth to the GB Metals and Mining industry average as it is not currently profitable.
Earnings and Revenue History
Serabi Gold's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Serabi Gold Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

AIM:SRB Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 43.26 -5.75 5.87
2018-09-30 45.45 -4.36 5.85
2018-06-30 50.83 -1.87 6.13
2018-03-31 49.10 -2.27 5.98
2017-12-31 48.45 -2.40 5.88
2017-09-30 46.70 2.19 5.36
2017-06-30 50.00 2.42 5.22
2017-03-31 54.09 2.97 5.37
2016-12-31 52.59 4.43 5.31
2016-09-30 50.16 1.23 5.52
2016-06-30 42.32 0.88 5.12
2016-03-31 39.28 1.11 5.03
2015-12-31 35.09 -0.05 4.78
2015-09-30 34.42 3.35 4.06
2015-06-30 31.31 2.83 4.40
2015-03-31 20.11 1.27 4.58
2014-12-31 12.63 -0.17 4.52
2014-09-30 5.25 -6.08 4.81
2014-06-30 -6.87 4.22
2014-03-31 -6.16 3.54
2013-12-31 -6.26 3.56
2013-09-30 -5.37 3.24
2013-06-30 -4.88 3.01
2013-03-31 -4.78 2.76
2012-12-31 -4.74 2.64
2012-09-30 0.00 -4.78 2.78
2012-06-30 0.00 -5.80 3.14

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • It is difficult to establish if Serabi Gold has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if Serabi Gold has efficiently used its assets last year compared to the GB Metals and Mining industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if Serabi Gold improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess Serabi Gold's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Metals and Mining industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Serabi Gold has a total score of 0/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

SRB Health

 How is Serabi Gold's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Serabi Gold's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Serabi Gold is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Serabi Gold's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Serabi Gold's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 3.3x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Serabi Gold Company Filings, last reported 3 months ago.

AIM:SRB Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 69.11 6.78 9.22
2018-09-30 69.66 7.35 15.20
2018-06-30 74.47 7.46 21.05
2018-03-31 60.61 8.06 6.70
2017-12-31 60.77 5.60 4.09
2017-09-30 64.60 5.72 9.75
2017-06-30 61.89 2.92 3.83
2017-03-31 64.80 2.60 3.41
2016-12-31 63.38 3.04 4.16
2016-09-30 60.74 5.31 3.12
2016-06-30 57.57 12.23 4.77
2016-03-31 52.52 11.91 4.41
2015-12-31 46.78 11.51 2.19
2015-09-30 46.23 13.87 3.81
2015-06-30 58.01 14.58 4.48
2015-03-31 56.20 14.09 5.79
2014-12-31 66.92 16.59 9.81
2014-09-30 69.89 10.29 6.72
2014-06-30 77.35 4.77 5.92
2014-03-31 77.18 1.70 11.62
2013-12-31 60.03 4.62 3.79
2013-09-30 65.18 1.95 7.95
2013-06-30 58.93 0.37 13.99
2013-03-31 63.91 0.39 20.22
2012-12-31 39.26 4.95 2.58
2012-09-30 41.46 0.35 0.41
2012-06-30 42.34 0.33 1.70
  • Serabi Gold's level of debt (9.8%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (7.6% vs 9.8% today).
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.

  • Serabi Gold has sufficient cash runway for 1.4 years based on current free cash flow.
  • Serabi Gold has sufficient cash runway for 1.3 years if free cash flow continues to grow at historical rates of 45.4% each year.
X
Financial health checks
We assess Serabi Gold's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Serabi Gold has a total score of 5/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

SRB Dividends

 What is Serabi Gold's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from Serabi Gold dividends. Estimated to be 0% next year.
If you bought £2,000 of Serabi Gold shares you are expected to receive £0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate Serabi Gold's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Serabi Gold's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
AIM:SRB Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
United Kingdom of Great Britain and Northern Ireland Metals and Mining Industry Average Dividend Yield Market Cap Weighted Average of 23 Stocks 6%
United Kingdom of Great Britain and Northern Ireland Market Average Dividend Yield Market Cap Weighted Average of 705 Stocks 4.2%
United Kingdom of Great Britain and Northern Ireland Minimum Threshold Dividend Yield 10th Percentile 1%
United Kingdom of Great Britain and Northern Ireland Bottom 25% Dividend Yield 25th Percentile 2%
United Kingdom of Great Britain and Northern Ireland Top 25% Dividend Yield 75th Percentile 5.2%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

AIM:SRB Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2021-12-31
2020-12-31 0.00 1.00
2019-12-31 0.00 1.00

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as Serabi Gold has not reported any payouts.
  • Unable to verify if Serabi Gold's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Serabi Gold's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Serabi Gold has not reported any payouts.
Future Payout to shareholders
  • No need to calculate the sustainability of Serabi Gold's dividends in 3 years as they are not expected to pay a notable one for United Kingdom of Great Britain and Northern Ireland.
X
Income/ dividend checks
We assess Serabi Gold's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Serabi Gold afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Serabi Gold has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

SRB Management

 What is the CEO of Serabi Gold's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Mike Hodgson
COMPENSATION $466,814
AGE 56
TENURE AS CEO 11.7 years
CEO Bio

Mr. Michael Jonathan Hodgson, also known as Mike, BSc, MSc, CEng, FIMM has been the Chief Executive Officer of Serabi Gold plc (a/k/a Serabi Mining Plc) since August 29, 2007 and served as its President. Mr. Hodgson has over two decades of international mining experience. He served as a Technical Director of Serabi Mining Plc from January 19, 2007 to August 29, 2007. He served as Vice President of Technical Services of Orvana Minerals Corp. since July 11, 2005 until December 4, 2006 and served as its Chief Operating Officer from February 2, 2006 to December 12, 2006. A geologist by training, he has broad exposure to many facets of the operations side of the mining business. He most recently worked as a consultant to companies in the mining industry and prior to that spent over five years with TVX Gold Inc., most recently as Manager, Technical Services and Operations of TVX's base metal operation in Greece, Mining Technical Consultant at ACA Howe International Ltd. And other similar roles at Rio Tinto plc. Prior to that he worked nearly 15 years for companies such as ACA Howe International Ltd., South Crofty plc, Zambia Consolidated Copper Mines Ltd. and RTZ plc. He has been an Executive Director of Serabi Gold plc since February 1, 2007. Mr Hodgson is an Economic Geologist by training with over 26 years' experience in the mining industry. He is a 'Qualified Person' in accordance with National Instrument 43 -101, Standards of Disclosure for Mineral Projects. He is also a Chartered Engineer (C.Eng) and a Fellow of the Institute of Materials, Minerals and Mining (FIMMM) out of the UK. He has BSc (Hons) in Geology from London University and an MSc degree in Mining Geology from the University of Leicester.

CEO Compensation
  • Mike's compensation has increased whilst company is loss making.
  • Mike's remuneration is higher than average for companies of similar size in United Kingdom of Great Britain and Northern Ireland.
Management Team Tenure

Average tenure of the Serabi Gold management team in years:

10.8
Average Tenure
  • The average tenure for the Serabi Gold management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Mike Hodgson

TITLE
CEO & Director
COMPENSATION
$467K
AGE
56
TENURE
11.7 yrs

Clive Line

TITLE
CFO, Finance Director
COMPENSATION
$388K
AGE
57
TENURE
14.3 yrs

Roney Almeida

TITLE
Chief Operating Officer
TENURE
0.6 yrs

Ulisses Melo

TITLE
GM of Brazil & Country Manager of Brazil
COMPENSATION
$247K
TENURE
10 yrs
Board of Directors Tenure

Average tenure and age of the Serabi Gold board of directors in years:

5.9
Average Tenure
56.5
Average Age
  • The tenure for the Serabi Gold board of directors is about average.
Board of Directors

Mel Williams

TITLE
Non-Executive Chairman
COMPENSATION
$68K
AGE
69
TENURE
1.8 yrs

Mike Hodgson

TITLE
CEO & Director
COMPENSATION
$467K
AGE
56
TENURE
12.2 yrs

Clive Line

TITLE
CFO, Finance Director
COMPENSATION
$388K
AGE
57
TENURE
14.1 yrs

Felipe Swett Lira

TITLE
Non-Executive Director
COMPENSATION
$52K
AGE
39
TENURE
4.6 yrs

Terence Harvey

TITLE
Non-Executive Director
COMPENSATION
$61K
AGE
59
TENURE
8.1 yrs

J. Rosselot

TITLE
Non-Executive Director
COMPENSATION
$107K
TENURE
6.5 yrs

Nicolas Ramon Lyon

TITLE
Non-Executive Director
COMPENSATION
$49K
AGE
41
TENURE
5.9 yrs

Hector Olate

TITLE
Non-Executive Independent Director
COMPENSATION
$46K
AGE
57
TENURE
4.8 yrs

Mark Sawyer

TITLE
Non-Executive Director
COMPENSATION
$26K
AGE
49
TENURE
1.1 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (£) Value (£)
X
Management checks
We assess Serabi Gold's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Serabi Gold has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

SRB News

Simply Wall St News

Why Serabi Gold plc's (LON:SRB) CEO Pay Matters To You

This report will, first, examine the CEO compensation levels in comparison to CEO compensation at companies of similar size. … How Does Mike Hodgson's Compensation Compare With Similar Sized Companies. … Our data indicates that Serabi Gold plc is worth UK£23m, and total annual CEO compensation is US$463k.

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Should You Worry About Serabi Gold plc's (LON:SRB) CEO Salary Level?

Mike Hodgson became the CEO of Serabi Gold plc (LON:SRB) in 2007. … At the time of writing our data says that Serabi Gold plc has a market cap of UK£24m, and is paying total annual CEO compensation of US$463k. … It would therefore appear that Serabi Gold plc pays Mike Hodgson more than the median CEO remuneration at companies of a similar size, in the same market

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Is Serabi Gold plc's (LON:SRB) Balance Sheet A Threat To Its Future?

Serabi Gold plc (LON:SRB) is a small-cap stock with a market capitalization of US$32.32m. … While investors primarily focus on the growth potential and competitive landscape of the small-cap companies, they end up ignoring a key aspect, which could be the biggest threat to its existence: its financial health.

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Is Serabi Gold plc's (LON:SRB) Balance Sheet Strong Enough To Weather A Storm?

SRB has built up its total debt levels in the last twelve months, from US$3.04M to US$5.60M , which comprises of short- and long-term debt. … On top of this, SRB has produced US$8.24M in operating cash flow during the same period of time, leading to an operating cash to total debt ratio of 147.34%, signalling that SRB’s debt is appropriately covered by operating cash. … SRB's risk around capital structure is almost non-existent, and the company has the headroom and ability to raise debt should it need to in the future.Next Steps: SRB’s high cash coverage and low debt levels indicate its ability to utilise its borrowings efficiently in order to generate ample cash flow.

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With A Recent ROE Of 3.39%, Can Serabi Gold plc (LON:SRB) Catch Up To Its Industry?

Check out our latest analysis for Serabi Gold Breaking down ROE — the mother of all ratios Return on Equity (ROE) weighs Serabi Gold’s profit against the level of its shareholders’ equity. … Given a discrepancy of -6.68% between return and cost, this indicated that Serabi Gold may be paying more for its capital than what it’s generating in return. … This is called the Dupont Formula: Dupont Formula ROE = profit margin × asset turnover × financial leverage ROE = (annual net profit ÷ sales) × (sales ÷ assets) × (assets ÷ shareholders’ equity) ROE = annual net profit ÷ shareholders’ equity AIM:SRB Last Perf Mar 7th 18 Basically, profit margin measures how much of revenue trickles down into earnings which illustrates how efficient the business is with its cost management.

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Top Undervalued Stocks This Week

Stocks, such as Serabi Gold and Dixons Carphone, are trading at a value below what they may actually be worth. … SRB's shares are now hovering at around -85% under its value of $0.22, at a price of $0.03, based on its expected future cash flows. … HIK's shares are currently hovering at around -41% below its true value of $14.6, at the market price of $8.62, according to my discounted cash flow model.

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January Top Undervalued Stocks

Undervalued companies, such as Serabi Gold and Dixons Carphone, are those that trade at a price below their actual values. … SRB's stock is now trading at -85% less than its intrinsic level of $0.24, at a price of $0.04, based on my discounted cash flow model. … With the company's market capitalisation at GBP £22.39M, we can put it in the small-cap group CIHL's shares are now floating at around -79% lower than its true level of $1.06, at a price of $0.22, based on my discounted cash flow model.

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What Investors Should Know About Serabi Gold plc's (AIM:SRB) Financial Strength

How does SRB’s operating cash flow stack up against its debt? … SRB’s high cash coverage and low debt levels indicate its ability to utilise its borrowings efficiently in order to generate ample cash flow. … SRB’s relatively safe debt levels is even more impressive due to its ability to generate high cash flow, which illustrates operating efficiency.

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SRB Company Info

Description

Serabi Gold plc primarily engages in the exploration, mining, and development of gold projects in Brazil and the United Kingdom. It also explores for copper deposits. The company’s primary assets include the Palito mining complex covering an area of approximately 48,846 hectares; and the Coringa gold project located in the Tapajos region of northern Brazil. The company was formerly known as Serabi Mining Limited and changed its name to Serabi Gold plc in October 2011. Serabi Gold plc was founded in 1999 and is headquartered in London, the United Kingdom.

Details
Name: Serabi Gold plc
SRB
Exchange: AIM
Founded: 1999
£22,974,724
58,909,551
Website: http://www.serabigold.com
Address: Serabi Gold plc
30-32 Ludgate Hill,
2nd Floor,
London,
Greater London, EC4M 7DR,
United Kingdom
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
AIM SRB Ordinary Shares London Stock Exchange AIM Market GB GBP 10. May 2005
OTCPK SRBI.F Ordinary Shares Pink Sheets LLC US USD 10. May 2005
DB B9O2 Ordinary Shares Deutsche Boerse AG DE EUR 10. May 2005
TSX SBI Ordinary Shares The Toronto Stock Exchange CA CAD 10. May 2005
Number of employees
Current staff
Staff numbers
397
Serabi Gold employees.
Industry
Gold
Materials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/22 20:57
End of day share price update: 2019/04/18 00:00
Last estimates confirmation: 2019/04/15
Last earnings filing: 2019/03/29
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.