AIM:TSG

Stock Analysis Report

Executive Summary

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

Snowflake

Fundamentals

Outstanding track record with flawless balance sheet.


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


Market Performance


7 Day Return

-7.3%

TSG

-1.5%

GB Metals and Mining

1.7%

GB Market


1 Year Return

165.3%

TSG

0.6%

GB Metals and Mining

2.9%

GB Market

Return vs Industry: TSG exceeded the UK Metals and Mining industry which returned 0.6% over the past year.

Return vs Market: TSG exceeded the UK Market which returned 2.9% over the past year.


Shareholder returns

TSGIndustryMarket
7 Day-7.3%-1.5%1.7%
30 Day-17.3%-5.8%-0.7%
90 Day30.8%-12.7%-1.8%
1 Year197.3%165.3%9.1%0.6%8.0%2.9%
3 Year180.0%101.1%53.0%28.4%18.2%3.8%
5 Year1031.9%712.8%45.6%18.8%35.6%6.1%

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?

45.1%

Undervalued compared to fair value


Share Price vs. Fair Value

Undervalued: TSG (£0.96) is trading below our estimate of fair value (£1.74)

Significantly Undervalued: 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 (8.4x) compared to the Metals and Mining industry average (8.8x).

PE vs Market: TSG is good value based on its PE Ratio (8.4x) compared to the UK market (16.7x).


Price to Earnings Growth Ratio

Low 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 overvalued based on its PB Ratio (1.4x) compared to the GB Metals and Mining industry average (1x).


Next Steps

Future Growth

How is Trans-Siberian Gold forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

3.0%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: TSG's forecast earnings growth (3% per year) is above the savings rate (1.2%).

Earnings vs Market: TSG's earnings (3% per year) are forecast to grow slower than the UK market (12.9% per year).

High Growth Earnings: TSG's earnings are forecast to grow, but not significantly.

Revenue vs Market: Insufficient data to determine if TSG's revenue is forecast to grow faster than the UK market.

High Growth Revenue: Insufficient data to determine if TSG's revenue is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

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


Next Steps

Past Performance

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

47.9%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: TSG has become profitable over the past 5 years, growing earnings by 47.9% per year.

Accelerating Growth: TSG's earnings growth over the past year (216.9%) exceeds its 5-year average (47.9% per year).

Earnings vs Industry: TSG earnings growth over the past year (216.9%) exceeded the Metals and Mining industry 3.8%.


Return on Equity

High ROE: TSG's Return on Equity (20.6%) is considered high.


Return on Assets

ROA vs Industry: TSG has a higher Return on Assets than the Metals and Mining industry average last year.


Return on Capital Employed

ROCE Improving: TSG has significantly improved its Return on Capital Employed over the past 3 years.


Next Steps

Financial Health

How is Trans-Siberian Gold's financial position?


Financial Position Analysis

Short Term Liabilities: TSG's short term assets ($34.7M) exceeds its short term liabilities ($25.5M)

Long Term Liabilities: TSG's short term assets (34.7M) exceeds its long term liabilities (25.9M)


Debt to Equity History and Analysis

Debt Level: TSG's debt to equity ratio (35.1%) is considered satisfactory

Reducing Debt: TSG's debt to equity ratio has reduced from 36.3% to 35.1% over the past 5 years.

Debt Coverage: TSG's debt is well covered by operating cash flow (92.3%).

Interest Coverage: TSG's interest payments on its debt are well covered by EBIT (22x coverage).


Balance Sheet

Inventory Level: TSG has a high level of physical assets or inventory.

Debt Coverage by Assets: TSG's debt is covered by short term assets (assets are 1.278100x debt).


Next Steps

Dividend

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

6.76%

Current Dividend Yield


Dividend Yield vs Market

company6.8%marketbottom25%2.0%markettop25%5.4%industryaverage7.6%forecastin3Yearsn/a

Current dividend yield vs market & industry


Stability and Growth of Payments

Notable Dividend: TSG's dividend (6.76%) is higher than the bottom 25% of dividend payers in the UK market (1.99%).

High Dividend: TSG's dividend (6.76%) is in the top 25% of dividend payers in the UK market (5.41%)

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 2 years.


Current Payout to Shareholders

Dividend Coverage: With its low payout ratio (22%), TSG's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


Next Steps

Management

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

0.4yrs

Average management tenure


CEO

Alexander Dorogov (46yo)

1.3yrs

Tenure

US$554,000

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 has recently become CEO, making it difficult to compare their total compensation against companies of similar size in the UK market.

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


Management Age and Tenure

0.4yrs

Average Tenure

48.5yo

Average Age

Experienced Management: TSG's management team is not considered experienced ( 0.4 years average tenure), which suggests a new team.


Board Age and Tenure

2.1yrs

Average Tenure

49yo

Average Age

Experienced Board: TSG's board of directors are not considered experienced ( 2.1 years average tenure), which suggests a new board.


Insider Trading

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown


Management Team

  • Simon Olsen (67yo)

    Company Secretary

    • Tenure: 0yrs
  • Olga Smirnova

    Head of Technical Team - TSGM

    • Tenure: 0yrs
  • Alexander Dorogov (46yo)

    CEO & Director

    • Tenure: 1.3yrs
    • Compensation: US$554.00k
  • Eugene Antonov (45yo)

    COO & Director

    • Tenure: 0.3yrs
  • Sergey Kryazhevskih

    Chief Financial Officer

    • Tenure: 0.3yrs
  • Oleg Ugryumov (51yo)

    Chief Mine Engineer of Asacha Mine in South Kamchatka

    • Tenure: 0yrs

Board Members

  • Charlie Ryan (52yo)

    Non-Executive Chairman

    • Tenure: 10.5yrs
    • Compensation: US$38.00k
  • Florian Fenner (49yo)

    Non-Executive Director

    • Tenure: 2.1yrs
    • Compensation: US$38.00k
  • Lou Naumovski (62yo)

    Non-Executive Director

    • Tenure: 2.1yrs
    • Compensation: US$72.00k
  • Robert Sasson (54yo)

    Non-Executive Director

    • Tenure: 6.3yrs
    • Compensation: US$38.00k
  • Alexander Dorogov (46yo)

    CEO & Director

    • Tenure: 1.3yrs
    • Compensation: US$554.00k
  • Stewart Dickson (41yo)

    Non-Executive Director

    • Tenure: 2.1yrs
    • Compensation: US$13.00k
  • Eugene Antonov (45yo)

    COO & Director

    • Tenure: 0.3yrs

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: 2000
  • Industry: Gold
  • Sector: Materials
  • Market Cap: UK£82.060m
  • Shares outstanding: 87.16m
  • Website: https://www.trans-siberiangold.com

Number of Employees


Location

  • Trans-Siberian Gold plc
  • 39 Parkside
  • Cambridge
  • Cambridgeshire
  • CB1 1PN
  • 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 Analysis2019/10/17 20:36
End of Day Share Price2019/10/17 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


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.