AIM:TSG

Stock Analysis Report

NOT FOR DISTRIBUTION
Header cover image

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


Snowflake Analysis

Flawless balance sheet with reasonable growth potential.


Similar Companies

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 has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

-2.9%

TSG

-0.9%

GB Metals and Mining

-1.9%

GB Market


1 Year Return

8.0%

TSG

6.7%

GB Metals and Mining

-16.2%

GB Market

Return vs Industry: TSG exceeded the UK Metals and Mining industry which returned 6.7% over the past year.

Return vs Market: TSG exceeded the UK Market which returned -16.2% over the past year.


Shareholder returns

TSGIndustryMarket
7 Day-2.9%-0.9%-1.9%
30 Day21.7%0.07%0.7%
90 Day5.8%-1.6%-4.8%
1 Year17.1%8.0%11.9%6.7%-13.0%-16.2%
3 Year215.1%143.4%25.0%5.0%-9.4%-20.6%
5 Year1,273.8%807.9%150.7%91.8%13.5%-12.0%

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?

26.43x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: TSG (£1.01) is trading above our estimate of fair value (£0.7)

Significantly Below Fair Value: TSG is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: TSG is poor value based on its PE Ratio (26.4x) compared to the GB Metals and Mining industry average (13.6x).

PE vs Market: TSG is poor value based on its PE Ratio (26.4x) compared to the UK market (18.1x).


Price to Earnings Growth Ratio

PEG Ratio: TSG is good value based on its PEG Ratio (0.7x)


Price to Book Ratio

PB vs Industry: TSG is good value based on its PB Ratio (1.5x) compared to the GB Metals and Mining industry average (1.7x).


Next Steps

Future Growth

How is Trans-Siberian Gold forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?

37.8%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: TSG's forecast earnings growth (37.8% per year) is above the savings rate (1.2%).

Earnings vs Market: TSG's earnings (37.8% per year) are forecast to grow faster than the UK market (24.1% per year).

High Growth Earnings: earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: TSG's revenue (8.8% per year) is forecast to grow faster than the UK market (6% per year).

High Growth Revenue: TSG's revenue (8.8% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: TSG's Return on Equity is forecast to be low in 3 years time (15.9%).


Next Steps

Past Performance

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

16.1%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: TSG has a large one-off loss of $2.0M impacting its June 30 2020 financial results.

Growing Profit Margin: TSG's current net profit margins (6.9%) are lower than last year (25.6%).


Past Earnings Growth Analysis

Earnings Trend: TSG's earnings have grown by 16.1% per year over the past 5 years.

Accelerating Growth: TSG's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: TSG had negative earnings growth (-72.7%) over the past year, making it difficult to compare to the Metals and Mining industry average (-21.7%).


Return on Equity

High ROE: TSG's Return on Equity (5.6%) is considered low.


Next Steps

Financial Health

How is Trans-Siberian Gold's financial position?


Financial Position Analysis

Short Term Liabilities: TSG's short term assets ($31.9M) exceed its short term liabilities ($22.9M).

Long Term Liabilities: TSG's short term assets ($31.9M) exceed its long term liabilities ($16.0M).


Debt to Equity History and Analysis

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

Reducing Debt: TSG's debt to equity ratio has reduced from 26.3% to 25.1% over the past 5 years.

Debt Coverage: TSG's debt is well covered by operating cash flow (107%).

Interest Coverage: TSG's interest payments on its debt are well covered by EBIT (5.1x coverage).


Balance Sheet


Next Steps

Dividend

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

7.34%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: TSG's dividend (7.34%) is higher than the bottom 25% of dividend payers in the UK market (1.82%).

High Dividend: TSG's dividend (7.34%) is in the top 25% of dividend payers in the UK market (5.3%)


Stability and Growth of Payments

Stable Dividend: TSG has been paying a dividend for less than 10 years and during this time payments have been volatile.

Growing Dividend: TSG's dividend payments have increased, but the company has only paid a dividend for 3 years.


Current Payout to Shareholders

Dividend Coverage: With its high payout ratio (205.9%), TSG's dividend payments are not well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: TSG's dividends in 3 years are forecast to be well covered by earnings (32.3% payout ratio).


Next Steps

  • Explore strong dividend paying companies in the Materials industry.

Management

How experienced are the management team and are they aligned to shareholders interests?

1.3yrs

Average management tenure


CEO

Alexander Dorogov (47 yo)

2.25yrs

Tenure

US$568,000

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 ($USD568.00K) is above average for companies of similar size in the UK market ($USD354.96K).

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


Leadership Team

NamePositionTenureCompensationOwnership
Alexander Dorogov
CEO & Director2.25yrsUS$568.00kno data
Eugene Antonov
COO & Director1.42yrsUS$375.78kno data
Sergey Kryazhevskikh
Chief Financial Officer1.25yrsno datano data
Olga Smirnova
Head of Technical Team - TSGMno datano datano data
Oleg Ugryumov
Chief Engineer of AO Trevozhnoye Zarevo1yrno datano data
Simon Olsen
Company Secretaryno datano datano data

1.3yrs

Average Tenure

49yo

Average Age

Experienced Management: TSG's management team is not considered experienced ( 1.3 years average tenure), which suggests a new team.


Board Members

NamePositionTenureCompensationOwnership
Alexander Dorogov
CEO & Director2.25yrsUS$568.00kno data
Eugene Antonov
COO & Director1.42yrsUS$375.78kno data
Charles Ryan
Non-Executive Chairman11.5yrsUS$37.00k8.29%
$ 7.3m
Florian Fenner
Non-Executive Director3.08yrsUS$37.00k5.9%
$ 5.2m
Ljupco Naumovski
Independent Non-Executive Director3.08yrsUS$71.00kno data
Robert Sasson
Non-Executive Director7.33yrsUS$37.00k1.27%
$ 1.1m
Stewart Dickson
Independent Non-Executive Director3.08yrsUS$11.00kno data

3.1yrs

Average Tenure

50yo

Average Age

Experienced Board: TSG's board of directors are considered experienced (3.1 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 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£88.030m
  • Shares outstanding: 87.16m
  • Website: https://www.trans-siberiangold.com

Number of Employees


Location

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

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
TSGAIM (London Stock Exchange AIM Market)YesOrdinary SharesGBGBPNov 2003
UJ1DB (Deutsche Boerse AG)YesOrdinary SharesDEEURNov 2003

Biography

Trans-Siberian Gold plc, together with its subsidiaries, engages in the exploration, development, and production of gold and silver properties in Russia. It holds interests in the Asacha Gold Mine located ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/10/22 20:40
End of Day Share Price2020/10/22 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.