OTCPK:SRBI.F

Stock Analysis Report

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Executive Summary

Serabi Gold plc primarily engages in the exploration, mining, and development of gold projects in Brazil and the United Kingdom.


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


Market Performance


7 Day Return

0%

SRBI.F

-2.9%

US Metals and Mining

1.1%

US Market


1 Year Return

n/a

SRBI.F

7.9%

US Metals and Mining

4.6%

US Market

Return vs Industry: Insufficient data to determine how SRBI.F performed against the US Metals and Mining industry.

Return vs Market: Insufficient data to determine how SRBI.F performed against the US Market.


Shareholder returns

SRBI.FIndustryMarket
7 Day0%-2.9%1.1%
30 Day0%6.3%5.5%
90 Dayn/a1.2%-4.9%
1 Yearn/a10.5%7.9%7.0%4.6%
3 Yearn/a4.5%-2.2%28.6%20.1%
5 Year-43.4%-43.4%17.9%8.2%52.5%35.3%

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

No news available

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: SRBI.F ($0.82) is trading below our estimate of fair value ($2.31)

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


Price To Earnings Ratio

PE vs Industry: SRBI.F is poor value based on its PE Ratio (19.4x) compared to the Metals and Mining industry average (8.3x).

PE vs Market: SRBI.F is poor value based on its PE Ratio (19.4x) compared to the US market (15.1x).


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: SRBI.F is good value based on its PB Ratio (1.1x) compared to the US Metals and Mining industry average (1.2x).


Next Steps

Future Growth

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

20.0%

Forecasted annual revenue growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: Insufficient data to determine if SRBI.F's forecast earnings growth is above the savings rate (2.2%).

Earnings vs Market: Insufficient data to determine if SRBI.F's earnings are forecast to grow faster than the US market

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

Revenue vs Market: SRBI.F's revenue (20% per year) is forecast to grow faster than the US market (8.9% per year).

High Growth Revenue: SRBI.F's revenue (20% per year) is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: SRBI.F's Return on Equity is forecast to be low in 3 years time (8.8%).


Next Steps

Past Performance

How has Serabi Gold performed over the past 5 years?

-29.7%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: SRBI.F has high quality earnings.

Growing Profit Margin: SRBI.F became profitable in the past.


Past Earnings Growth Analysis

Earnings Trend: SRBI.F has become profitable over the past 5 years, growing earnings by -29.7% per year.

Accelerating Growth: SRBI.F has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: SRBI.F has become profitable in the last year, making it difficult to compare its past year earnings growth to the Metals and Mining industry (-12.4%).


Return on Equity

High ROE: SRBI.F's Return on Equity (5.5%) is considered low.


Next Steps

Financial Health

How is Serabi Gold's financial position?


Financial Position Analysis

Short Term Liabilities: SRBI.F's short term assets ($18.7M) do not cover its short term liabilities ($21.4M).

Long Term Liabilities: SRBI.F's short term assets ($18.7M) exceed its long term liabilities ($1.8M).


Debt to Equity History and Analysis

Debt Level: SRBI.F's debt to equity ratio (6.1%) is considered satisfactory.

Reducing Debt: SRBI.F's debt to equity ratio has reduced from 22.3% to 6.1% over the past 5 years.

Debt Coverage: SRBI.F's debt is well covered by operating cash flow (418.8%).

Interest Coverage: SRBI.F's interest payments on its debt are well covered by EBIT (11.3x coverage).


Balance Sheet


Next Steps

Dividend

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


Dividend Yield vs Market

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

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

Growing Dividend: Insufficient data to determine if SRBI.F'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 SRBI.F's dividend in 3 years as they are not forecast to pay a notable one for the US market.


Next Steps

Management

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

12.8yrs

Average management tenure


CEO

Mike Hodgson (57yo)

12.75yrs

Tenure

US$406,886

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 ($USD406.89K) is below average for companies of similar size in the US market ($USD595.62K).

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


Leadership Team

NamePositionTenureCompensationOwnership
Michael Hodgson
CEO & Director12.75yrsUS$406.89k0.037% $22.2k
Clive Line
CFO, Finance Director15.17yrsUS$321.26k0.065% $38.6k
Roney Almeida
Chief Operating Officer1.67yrsno datano data

12.8yrs

Average Tenure

Experienced Management: SRBI.F's management team is seasoned and experienced (12.8 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Michael Hodgson
CEO & Director12.75yrsUS$406.89k0.037% $22.2k
Clive Line
CFO, Finance Director15.17yrsUS$321.26k0.065% $38.6k
Melvyn Williams
Independent Non-Executive Chairman2.92yrsUS$61.76kno data
Eduardo Rosselot Risopatron
Non-Executive Director7.58yrsUS$102.90kno data
Terence Harvey
Independent Non-Executive Director9.17yrsUS$60.52k0.10% $60.4k
Mark Sawyer
Independent Non-Executive Director2.17yrsUS$36.55kno data
Nicolas Ramon Lyon
Non-Executive Director7yrsUS$45.16k1.9% $1.1m
Hector Aquiles Alegria Olate
Independent Non-Executive Director5.83yrsUS$42.90k0.0085% $5.0k
Luis Mauricio de Azevedo
Independent Non Executive Director0.083yrno datano data

7.0yrs

Average Tenure

58yo

Average Age

Experienced Board: SRBI.F's board of directors are considered experienced (7 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

Serabi Gold plc's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Serabi Gold plc
  • Ticker: SRBI.F
  • Exchange: OTCPK
  • Founded: 1999
  • Industry: Gold
  • Sector: Materials
  • Market Cap: UK£48.642m
  • Listing Market Cap: UK£59.327m
  • Shares outstanding: 58.96m
  • 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

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
SRBAIM (London Stock Exchange AIM Market)YesOrdinary SharesGBGBPMay 2005
SRBI.FOTCPK (Pink Sheets LLC)YesOrdinary SharesUSUSDMay 2005
SBITSX (The Toronto Stock Exchange)YesOrdinary SharesCACADMay 2005
B9O2DB (Deutsche Boerse AG)YesOrdinary SharesDEEURMay 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

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/05/26 00:49
End of Day Share Price2020/04/09 00:00
Earnings2020/03/31
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.