Serabi Gold
Market Cap
UK£28.3m
Last Updated
2020/04/01 21:25 UTC
Data Sources
Company Financials +
Executive Summary
Serabi Gold plc primarily engages in the exploration, mining, and development of gold projects in Brazil and the United Kingdom.
Rewards
Risk Analysis
Currently unprofitable and not forecast to become profitable over the next 3 years
+ 1 more risk
Snowflake Analysis
Excellent balance sheet and fair value.
Similar Companies
Share Price & News
How has Serabi Gold's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: SRB's share price has been volatile over the past 3 months.
Market Performance
7 Day Return
-33.3%
SRB
-4.7%
GB Metals and Mining
-3.3%
GB Market
1 Year Return
21.5%
SRB
-29.9%
GB Metals and Mining
-25.0%
GB Market
Return vs Industry: SRB exceeded the UK Metals and Mining industry which returned -27% over the past year.
Return vs Market: SRB exceeded the UK Market which returned -22.4% over the past year.
Shareholder returns
| SRB | Industry | Market | |
|---|---|---|---|
| 7 Day | -33.3% | -4.7% | -3.3% |
| 30 Day | -40.0% | -16.7% | -19.5% |
| 90 Day | -26.2% | -27.7% | -28.9% |
| 1 Year | 21.5%21.5% | -24.3%-29.9% | -21.0%-25.0% |
| 3 Year | -49.5%-49.5% | 3.7%-13.8% | -14.7%-25.8% |
| 5 Year | -46.7%-46.7% | 37.5%4.3% | -1.5%-24.1% |
Price Volatility Vs. Market
How volatile is Serabi Gold's share price compared to the market and industry in the last 5 years?
Simply Wall St News
2 months ago | Simply Wall St
How Should Investors React To Serabi Gold plc's (LON:SRB) CEO Pay?4 months ago | Simply Wall St
Is Serabi Gold (LON:SRB) Using Too Much Debt?5 months ago | Simply Wall St
Does The Serabi Gold plc (LON:SRB) Share Price Fall With The Market?Valuation
Is Serabi Gold 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: SRB (£0.48) is trading below our estimate of fair value (£1.49)
Significantly Below Fair Value: SRB is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: SRB is unprofitable, so we can't compare its PE Ratio to the Metals and Mining industry average.
PE vs Market: SRB 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 SRB's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: SRB is good value based on its PB Ratio (0.5x) compared to the GB Metals and Mining industry average (0.9x).
Next Steps
Future Growth
How is Serabi Gold forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?
21.6%
Forecasted annual revenue growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: Insufficient data to determine if SRB's forecast earnings growth is above the savings rate (0.5%).
Earnings vs Market: Insufficient data to determine if SRB's earnings are forecast to grow faster than the UK market
High Growth Earnings: Insufficient data to determine if earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: SRB's revenue (21.6% per year) is forecast to grow faster than the UK market (2.4% per year).
High Growth Revenue: SRB's revenue (21.6% per year) is forecast to grow faster than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: SRB's Return on Equity is forecast to be low in 3 years time (9.3%).
Next Steps
Past Performance
How has Serabi Gold performed over the past 5 years?
-31.4%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: SRB is currently unprofitable.
Growing Profit Margin: SRB is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: SRB is unprofitable, and losses have increased over the past 5 years at a rate of -31.4% per year.
Accelerating Growth: Unable to compare SRB's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: SRB is unprofitable, making it difficult to compare its past year earnings growth to the Metals and Mining industry (7.2%).
Return on Equity
High ROE: SRB has a negative Return on Equity (-0.26%), as it is currently unprofitable.
Next Steps
Financial Health
How is Serabi Gold's financial position?
Financial Position Analysis
Short Term Liabilities: SRB's short term assets ($25.3M) do not cover its short term liabilities ($26.3M).
Long Term Liabilities: SRB's short term assets ($25.3M) exceed its long term liabilities ($1.9M).
Debt to Equity History and Analysis
Debt Level: SRB's debt to equity ratio (10.1%) is considered satisfactory.
Reducing Debt: SRB's debt to equity ratio has reduced from 12.6% to 10.1% over the past 5 years.
Balance Sheet
Inventory Level: SRB has a high level of physical assets or inventory.
Debt Coverage by Assets: SRB's debt is covered by short term assets (assets are 3.7x 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: Whilst unprofitable SRB has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: SRB is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 47% per year.
Next Steps
Dividend
What is Serabi Gold's current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Notable Dividend: Unable to evaluate SRB's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.
High Dividend: Unable to evaluate SRB'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 SRB's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if SRB'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 SRB'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?
12.7yrs
Average management tenure
CEO
Mike Hodgson (57yo)
12.67s
Tenure
US$466,814
Compensation
Mr. Michael Jonathan Hodgson, also known as Mike, BSc, MSc, CEng, FIMM has been the Chief Executive Officer of Serabi Gold plc (a/k/a Serabi Mining Plc) since August 29, 2007 and served as its President. M ...
CEO Compensation Analysis
Compensation vs Market: Mike's total compensation ($USD466.81K) is above average for companies of similar size in the UK market ($USD333.37K).
Compensation vs Earnings: Mike's compensation has increased whilst the company is unprofitable.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & Director | 12.67yrs | US$466.81k | 0.037% $10.6k | |
| CFO, Finance Director | 15.08yrs | US$387.82k | 0.065% $18.4k | |
| Chief Operating Officer | 1.58yrs | no data | no data |
12.7yrs
Average Tenure
Experienced Management: SRB's management team is seasoned and experienced (12.7 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & Director | 12.67yrs | US$466.81k | 0.037% $10.6k | |
| CFO, Finance Director | 15.08yrs | US$387.82k | 0.065% $18.4k | |
| Non-Executive Chairman | 2.83yrs | US$67.96k | 0.025% $7.1k | |
| Non-Executive Director | 7.5yrs | US$106.85k | no data | |
| Non-Executive Director | 9.08yrs | US$60.52k | 0.10% $28.8k | |
| Non-Executive Director | 2.08yrs | US$26.05k | no data | |
| Non-Executive Director | 5.58yrs | US$51.86k | no data | |
| Non-Executive Director | 6.92yrs | US$49.16k | 1.89% $534.8k | |
| Non-Executive Independent Director | 5.75yrs | US$46.08k | 0.0085% $2.4k |
6.9yrs
Average Tenure
58yo
Average Age
Experienced Board: SRB's board of directors are considered experienced (6.9 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.
Ownership Breakdown
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 29.8%.
Top Shareholders
Company Information
Serabi Gold plc's company bio, employee growth, exchange listings and data sources
Key Information
- Name: Serabi Gold plc
- Ticker: SRB
- Exchange: AIM
- Founded: 1999
- Industry: Gold
- Sector: Materials
- Market Cap: UK£28.277m
- Shares outstanding: 58.91m
- Website: https://www.serabigold.com
Number of Employees
Location
- Serabi Gold plc
- 30-32 Ludgate Hill
- 2nd Floor
- London
- Greater London
- EC4M 7DR
- United Kingdom
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| SRB | AIM (London Stock Exchange AIM Market) | Yes | Ordinary Shares | GB | GBP | May 2005 |
| SRBI.F | OTCPK (Pink Sheets LLC) | Yes | Ordinary Shares | US | USD | May 2005 |
| SBI | TSX (The Toronto Stock Exchange) | Yes | Ordinary Shares | CA | CAD | May 2005 |
| B9O2 | DB (Deutsche Boerse AG) | Yes | Ordinary Shares | DE | EUR | May 2005 |
Biography
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.
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/04/01 21:25 |
| End of Day Share Price | 2020/04/01 00:00 |
| Earnings | 2019/09/30 |
| Annual Earnings | 2018/12/31 |
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.