AIM:TSG

Stock Analysis Report

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Market Cap

UK£102.4m

Last Updated

2021/07/28 21:50 UTC

Data Sources

Company Financials +

Executive Summary

Trans-Siberian Gold plc, together with its subsidiaries, engages in the exploration, development, and production of gold and silver properties in Russia. More Details

Rewards

Trading at 83.8% below our estimate of its fair value

Earnings grew by 125.6% over the past year

Risk Analysis

No risks detected for TSG from our risk checks.


Snowflake Analysis

Flawless balance sheet with outstanding track record.

Share Price & News

How has Trans-Siberian Gold's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: TSG is less volatile than 75% of UK stocks over the past 3 months, typically moving +/- 1% a week.

Volatility Over Time: TSG's weekly volatility has decreased from 6% to 1% over the past year.


Market Performance


7 Day Return

0%

TSG

2.7%

GB Metals and Mining

0.9%

GB Market


1 Year Return

13.0%

TSG

39.1%

GB Metals and Mining

25.9%

GB Market

Return vs Industry: TSG underperformed the UK Metals and Mining industry which returned 35% over the past year.

Return vs Market: TSG underperformed the UK Market which returned 18.4% over the past year.


Shareholder returns

TSGIndustryMarket
7 Day0%2.7%0.9%
30 Day1.3%5.0%1.6%
90 Day1.5%1.4%6.5%
1 Year20.0%13.0%46.5%39.1%26.0%25.9%
3 Year321.3%240.6%77.3%47.3%25.0%24.9%
5 Year295.1%161.1%169.9%108.4%40.3%13.5%

Long-Term Price Volatility Vs. Market

How volatile is Trans-Siberian Gold's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Trans-Siberian 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: TSG (£1.18) is trading below our estimate of fair value (£7.23)

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


Price To Earnings Ratio

PE vs Industry: TSG is good value based on its PE Ratio (7x) compared to the UK Metals and Mining industry average (10.1x).

PE vs Market: TSG is good value based on its PE Ratio (7x) compared to the UK market (23.9x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate TSG's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: TSG is good value based on its PB Ratio (1.6x) compared to the GB Metals and Mining industry average (2x).


Future Growth

How is Trans-Siberian Gold forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

5.3%

Forecasted annual revenue growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: Insufficient data to determine if TSG's forecast earnings growth is above the savings rate (0.9%).

Earnings vs Market: Insufficient data to determine if TSG'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: TSG's revenue (5.3% per year) is forecast to grow slower than the UK market (5.3% per year).

High Growth Revenue: TSG's revenue (5.3% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if TSG's Return on Equity is forecast to be high in 3 years time


Past Performance

How has Trans-Siberian Gold performed over the past 5 years?

21.0%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: TSG has high quality earnings.

Growing Profit Margin: TSG's current net profit margins (25%) are higher than last year (14.2%).


Past Earnings Growth Analysis

Earnings Trend: TSG's earnings have grown significantly by 21% per year over the past 5 years.

Accelerating Growth: TSG's earnings growth over the past year (125.6%) exceeds its 5-year average (21% per year).

Earnings vs Industry: TSG earnings growth over the past year (125.6%) exceeded the Metals and Mining industry 47.5%.


Return on Equity

High ROE: TSG's Return on Equity (22.2%) is considered high.


Financial Health

How is Trans-Siberian Gold's financial position?


Financial Position Analysis

Short Term Liabilities: TSG's short term assets ($43.6M) exceed its short term liabilities ($15.7M).

Long Term Liabilities: TSG's short term assets ($43.6M) exceed its long term liabilities ($20.3M).


Debt to Equity History and Analysis

Debt Level: TSG's debt to equity ratio (16.6%) is considered satisfactory.

Reducing Debt: TSG's debt to equity ratio has reduced from 25.3% to 16.6% over the past 5 years.

Debt Coverage: TSG's debt is well covered by operating cash flow (271.6%).

Interest Coverage: TSG's interest payments on its debt are well covered by EBIT (18.8x coverage).


Balance Sheet


Dividend

What is Trans-Siberian Gold current dividend yield, its reliability and sustainability?

2.08%

Forecast Dividend Yield


Dividend Yield vs Market

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

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

Growing Dividend: Insufficient data to determine if TSG's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: TSG is not paying a notable dividend for the UK market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of TSG'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?

2.1yrs

Average management tenure


CEO

Alexander Dorogov (48 yo)

3yrs

Tenure

US$1,730,000

Compensation

Mr. Alexander Iosifovich Dorogov has been Chief Executive Officer of Trans-Siberian Gold Plc since July 13, 2018. He served the Chief Financial Officer at Trans-Siberian Gold Plc since July 1, 2017 until J...


CEO Compensation Analysis

Compensation vs Market: Alexander's total compensation ($USD1.73M) is above average for companies of similar size in the UK market ($USD327.58K).

Compensation vs Earnings: Alexander's compensation has increased by more than 20% in the past year.


Leadership Team

Experienced Management: TSG's management team is considered experienced (2.1 years average tenure).


Board Members

Experienced Board: TSG's board of directors are not considered experienced ( 2.2 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: 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

Trans-Siberian Gold plc's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Trans-Siberian Gold plc
  • Ticker: TSG
  • Exchange: AIM
  • Founded: 1972
  • Industry: Gold
  • Sector: Materials
  • Market Cap: UK£102.411m
  • Shares outstanding: 87.16m
  • Website: https://www.trans-siberiangold.com

Number of Employees


Location

  • Trans-Siberian Gold plc
  • P.O. Box 278
  • Saint Neots
  • Cambridgeshire
  • PE19 9EA
  • United Kingdom

Listings


Biography

Trans-Siberian Gold plc, together with its subsidiaries, engages in the exploration, development, and production of gold and silver properties in Russia. Its flagship project is the Asacha Gold Mine locate...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/07/28 21:50
End of Day Share Price2021/07/28 00:00
Earnings2020/12/31
Annual Earnings2020/12/31


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.