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Serabi Gold

OTCPK:SRBI.F
Snowflake Description

Excellent balance sheet with high growth potential.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
SRBI.F
OTCPK
£22M
Market Cap
  1. Home
  2. US
  3. Materials
Company description

Serabi Gold plc primarily engages in the exploration, mining, and development of gold projects in Brazil and the United Kingdom. The last earnings update was 26 days ago. More info.


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SRBI.F Share Price and Events
7 Day Returns
0%
OTCPK:SRBI.F
-0.6%
US Metals and Mining
-1.3%
US Market
1 Year Returns
30%
OTCPK:SRBI.F
-13.9%
US Metals and Mining
1.7%
US Market
SRBI.F Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Serabi Gold (SRBI.F) 0% 0% - 30% - -54.2%
US Metals and Mining -0.6% -8% -11.4% -13.9% 54.2% -12%
US Market -1.3% -1.7% -7.6% 1.7% 30.4% 44.7%
1 Year Return vs Industry and Market
  • SRBI.F outperformed the Metals and Mining industry which returned -13.9% over the past year.
  • SRBI.F outperformed the Market in United States of America which returned 1.7% over the past year.
Price Volatility
SRBI.F
Industry
5yr Volatility vs Market

Value

 Is Serabi Gold undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Serabi Gold to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Serabi Gold.

OTCPK:SRBI.F Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 1 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 10.9%
Perpetual Growth Rate 10-Year US Government Bond Rate 3%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for OTCPK:SRBI.F
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 3%
Equity Risk Premium S&P Global 7.1%
Metals and Mining Unlevered Beta Simply Wall St/ S&P Global 0.93
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.929 (1 + (1- 19%) (26.47%))
1.128
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.13
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.95% + (1.128 * 7.05%)
10.91%

Discounted Cash Flow Calculation for OTCPK:SRBI.F using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Serabi Gold is arrived at by discounting future cash flows to their present value using the 2 stage method. We use analyst's estimates of cash flows going forward 5 years for the 1st stage, the 2nd stage assumes the company grows at a stable rate into perpetuity.

OTCPK:SRBI.F DCF 1st Stage: Next 5 year cash flow forecast
2019 2020 2021 2022 2023
Levered FCF (USD, Millions) 1.17 1.39 1.64 1.92 2.23
Source Est @ 20%, capped from 24.52% Est @ 19%, capped from 24.52% Est @ 18%, capped from 24.52% Est @ 17%, capped from 24.52% Est @ 16%, capped from 24.52%
Present Value
Discounted (@ 10.91%)
1.05 1.13 1.20 1.27 1.33
Present value of next 5 years cash flows $5.98
OTCPK:SRBI.F DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2023 × (1 + g) ÷ (Discount Rate – g)
= $2.23 × (1 + 2.95%) ÷ (10.91% – 2.95%)
$28.82
Present Value of Terminal Value = Terminal Value ÷ (1 + r)5
= $28.82 ÷ (1 + 10.91%)5
$17.18
OTCPK:SRBI.F Total Equity Value
Calculation Result
Total Equity Value = Present value of next 5 years cash flows + Terminal Value
= $5.98 + $17.18
$23.16
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $23.16 / 58.91
$0.39
OTCPK:SRBI.F Discount to Share Price
Calculation Result
Exchange Rate USD/GBP
(Reporting currency to currency of AIM:SRB)
0.785
Value per Share
(GBP)
= Value per Share in USD x Exchange Rate (USD/GBP)
= $0.39 x 0.785
£0.31
Non-primary Listing Adjustment Factor 1 share in OTCPK:SRBI.F represents 1.75676x of AIM:SRB
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
1.75676x
Value per Share
(Listing Adjusted, USD)
= Value per Share (GBP) x Listing Adjustment Factor
= £ 0.31 x 1.75676
$0.54
Value per share (USD) From above. $0.54
Current discount Discount to share price of $0.65
= -1 x ($0.65 - $0.54) / $0.54
-19.9%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of Serabi Gold is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Serabi Gold's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Serabi Gold's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
OTCPK:SRBI.F PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-09-30) in USD $-0.10
AIM:SRB Share Price ** AIM (2018-09-12) in GBP £0.37
AIM:SRB Share Price converted to USD reporting currency Exchange rate (GBP/ USD) 1.274 $0.47
United States of America Metals and Mining Industry PE Ratio Median Figure of 42 Publicly-Listed Metals and Mining Companies 9.42x
United States of America Market PE Ratio Median Figure of 2,991 Publicly-Listed Companies 17.5x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Serabi Gold.

OTCPK:SRBI.F PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= AIM:SRB Share Price ÷ EPS (both in USD)

= 0.47 ÷ -0.10

-4.91x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Serabi Gold is loss making, we can't compare its value to the US Metals and Mining industry average.
  • Serabi Gold is loss making, we can't compare the value of its earnings to the United States of America market.
Price based on expected Growth
Does Serabi Gold's expected growth come at a high price?
Raw Data
OTCPK:SRBI.F PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -4.91x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts
44.7%per year
United States of America Metals and Mining Industry PEG Ratio Median Figure of 24 Publicly-Listed Metals and Mining Companies 0.53x
United States of America Market PEG Ratio Median Figure of 2,103 Publicly-Listed Companies 1.24x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Serabi Gold, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Serabi Gold's assets?
Raw Data
OTCPK:SRBI.F PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-09-30) in USD $1.18
AIM:SRB Share Price * AIM (2018-09-12) in GBP £0.37
AIM:SRB Share Price converted to USD reporting currency Exchange rate (GBP/ USD) 1.274 $0.47
United States of America Metals and Mining Industry PB Ratio Median Figure of 99 Publicly-Listed Metals and Mining Companies 1.48x
United States of America Market PB Ratio Median Figure of 5,007 Publicly-Listed Companies 1.82x
OTCPK:SRBI.F PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= AIM:SRB Share Price ÷ Book Value per Share (both in USD)

= 0.47 ÷ 1.18

0.4x

* Primary Listing of Serabi Gold.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Serabi Gold is good value based on assets compared to the US Metals and Mining industry average.
X
Value checks
We assess Serabi Gold's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Metals and Mining industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Metals and Mining industry average (and greater than 0)? (1 check)
  5. Serabi Gold has a total score of 1/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

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

  • No analysts cover Serabi Gold, future earnings growth has been estimated based on fundamentals.
The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
44.7%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Serabi Gold expected to grow at an attractive rate?
  • Serabi Gold's earnings growth is expected to exceed the low risk savings rate of 3%.
Growth vs Market Checks
  • Serabi Gold's earnings growth is expected to exceed the United States of America market average.
  • Serabi Gold's revenue growth is expected to exceed the United States of America market average.
Annual Growth Rates Comparison
Raw Data
OTCPK:SRBI.F Future Growth Rates Data Sources
Data Point Source Value (per year)
OTCPK:SRBI.F Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts 44.7%
OTCPK:SRBI.F Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 1 Analysts 28.3%
United States of America Metals and Mining Industry Earnings Growth Rate Market Cap Weighted Average 15.2%
United States of America Metals and Mining Industry Revenue Growth Rate Market Cap Weighted Average 3.1%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 14.2%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.4%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
OTCPK:SRBI.F Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
OTCPK:SRBI.F Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-12-31 105 33 1
2020-12-31 87 25 1
2019-12-31 53 12 1
2018-12-31 47 9 1
OTCPK:SRBI.F Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2018-09-30 45 5 -4
2018-06-30 51 10 -2
2018-03-31 49 11 -2
2017-12-31 48 8 -2
2017-09-30 47 11 2
2017-06-30 50 13 2
2017-03-31 54 14 3
2016-12-31 53 16 4
2016-09-30 50 12 1
2016-06-30 42 8 1
2016-03-31 39 7 1
2015-12-31 35 4 -0

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Serabi Gold's earnings are expected to grow significantly at over 20% yearly.
  • Serabi Gold's revenue is expected to grow significantly at over 20% yearly.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
OTCPK:SRBI.F Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below

All data from Serabi Gold Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OTCPK:SRBI.F Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-12-31
2020-12-31
2019-12-31
2018-12-31
OTCPK:SRBI.F Past Financials Data
Date (Data in USD Millions) EPS *
2018-09-30 -0.10
2018-06-30 -0.05
2018-03-31 -0.07
2017-12-31 -0.07
2017-09-30 0.06
2017-06-30 0.07
2017-03-31 0.09
2016-12-31 0.13
2016-09-30 0.04
2016-06-30 0.03
2016-03-31 0.03
2015-12-31 -0.00

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Serabi Gold is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Serabi Gold's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Serabi Gold has a total score of 5/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Serabi Gold performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Serabi Gold's growth in the last year to its industry (Metals and Mining).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Serabi Gold does not make a profit even though their year on year earnings growth rate was positive over the past 5 years.
  • Unable to compare Serabi Gold's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Serabi Gold's 1-year growth to the US Metals and Mining industry average as it is not currently profitable.
Earnings and Revenue History
Serabi Gold's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Serabi Gold Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OTCPK:SRBI.F Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-09-30 45.45 -4.36 5.85
2018-06-30 50.83 -1.87 6.13
2018-03-31 49.10 -2.27 5.98
2017-12-31 48.45 -2.40 5.88
2017-09-30 46.70 2.19 5.36
2017-06-30 50.00 2.42 5.22
2017-03-31 54.09 2.97 5.37
2016-12-31 52.59 4.43 5.31
2016-09-30 50.16 1.23 5.52
2016-06-30 42.32 0.88 5.12
2016-03-31 39.28 1.11 5.03
2015-12-31 35.09 -0.05 4.78
2015-09-30 34.42 3.35 4.06
2015-06-30 31.31 2.83 4.40
2015-03-31 20.11 1.27 4.58
2014-12-31 12.63 -0.17 4.52
2014-09-30 5.25 -6.08 4.81
2014-06-30 -6.87 4.22
2014-03-31 -6.16 3.54
2013-12-31 -6.26 3.56
2013-09-30 -5.37 3.24
2013-06-30 -4.88 3.01
2013-03-31 -4.78 2.76
2012-12-31 -4.74 2.64
2012-09-30 -0.00 -4.78 2.78
2012-06-30 0.00 -5.80 3.14
2012-03-31 0.00 -6.51 3.29
2011-12-31 0.00 -5.94 3.15

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • It is difficult to establish if Serabi Gold has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if Serabi Gold has efficiently used its assets last year compared to the US Metals and Mining industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if Serabi Gold improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess Serabi Gold's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Metals and Mining industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Serabi Gold has a total score of 0/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Serabi Gold's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Serabi Gold's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Serabi Gold is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Serabi Gold's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Serabi Gold's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 3.8x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Serabi Gold Company Filings, last reported 2 months ago.

OTCPK:SRBI.F Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-09-30 69.66 7.35 15.20
2018-06-30 74.47 7.46 21.05
2018-03-31 60.61 8.06 6.70
2017-12-31 60.77 5.60 4.09
2017-09-30 64.60 5.72 9.75
2017-06-30 61.89 2.92 3.83
2017-03-31 64.80 2.60 3.41
2016-12-31 63.38 3.04 4.16
2016-09-30 60.74 5.31 3.12
2016-06-30 57.57 12.23 4.77
2016-03-31 52.52 11.91 4.41
2015-12-31 46.78 11.51 2.19
2015-09-30 46.23 13.87 3.81
2015-06-30 58.01 14.58 4.48
2015-03-31 56.20 14.09 5.79
2014-12-31 66.92 16.59 9.81
2014-09-30 69.89 10.29 6.72
2014-06-30 77.35 4.77 5.92
2014-03-31 77.18 1.70 11.62
2013-12-31 60.03 4.62 3.79
2013-09-30 65.18 1.95 7.95
2013-06-30 58.93 0.37 13.99
2013-03-31 63.91 0.39 20.22
2012-12-31 39.26 4.95 2.58
2012-09-30 41.46 0.35 0.41
2012-06-30 42.34 0.33 1.70
2012-03-31 47.39 0.32 3.38
2011-12-31 43.28 0.30 1.41
  • Serabi Gold's level of debt (10.6%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (3% vs 10.6% today).
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.

  • Whilst loss making Serabi Gold has sufficient cash runway for more than 3 years if it maintains the current positive free cash flow level.
  • Whilst loss making Serabi Gold has sufficient cash runway for more than 3 years, even with free cash flow being positive and shrinking by % per year.
X
Financial health checks
We assess Serabi Gold's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Serabi Gold has a total score of 5/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

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

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from Serabi Gold dividends. Estimated to be 0% next year.
If you bought $2,000 of Serabi Gold shares you are expected to receive $0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate Serabi Gold's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Serabi Gold's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
OTCPK:SRBI.F Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
United States of America Metals and Mining Industry Average Dividend Yield Market Cap Weighted Average of 30 Stocks 2.6%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 1981 Stocks 2.5%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.9%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.4%
United States of America Top 25% Dividend Yield 75th Percentile 3.6%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

OTCPK:SRBI.F Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2021-12-31
2020-12-31
2019-12-31 0.00 1.00
2018-12-31 0.00 1.00

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as Serabi Gold has not reported any payouts.
  • Unable to verify if Serabi Gold's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Serabi Gold's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Serabi Gold has not reported any payouts.
Future Payout to shareholders
  • No need to calculate the sustainability of Serabi Gold's dividends in 3 years as they are not expected to pay a notable one for United States of America.
X
Income/ dividend checks
We assess Serabi Gold's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.9%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Serabi Gold afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Serabi Gold has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

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

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Mike Hodgson
COMPENSATION $463,313
AGE 56
TENURE AS CEO 11.3 years
CEO Bio

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. Mr. Hodgson has over two decades of international mining experience. He served as a Technical Director of Serabi Mining Plc from January 19, 2007 to August 29, 2007. He served as Vice President of Technical Services of Orvana Minerals Corp. since July 11, 2005 until December 4, 2006 and served as its Chief Operating Officer from February 2, 2006 to December 12, 2006. A geologist by training, he has broad exposure to many facets of the operations side of the mining business. He most recently worked as a consultant to companies in the mining industry and prior to that spent over five years with TVX Gold Inc., most recently as Manager, Technical Services and Operations of TVX's base metal operation in Greece, Mining Technical Consultant at ACA Howe International Ltd. And other similar roles at Rio Tinto plc. Prior to that he worked nearly 15 years for companies such as ACA Howe International Ltd., South Crofty plc, Zambia Consolidated Copper Mines Ltd. and RTZ plc. He has been an Executive Director of Serabi Gold plc since February 1, 2007. Mr Hodgson is an Economic Geologist by training with over 26 years' experience in the mining industry. He is a 'Qualified Person' in accordance with National Instrument 43 -101, Standards of Disclosure for Mineral Projects. He is also a Chartered Engineer (C.Eng) and a Fellow of the Institute of Materials, Minerals and Mining (FIMMM) out of the UK. He has BSc (Hons) in Geology from London University and an MSc degree in Mining Geology from the University of Leicester.

CEO Compensation
  • Mike's compensation has been consistent with company performance over the past year.
  • Mike's remuneration is higher than average for companies of similar size in United States of America.
Management Team Tenure

Average tenure of the Serabi Gold management team in years:

10.5
Average Tenure
  • The average tenure for the Serabi Gold management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Mike Hodgson

TITLE
CEO & Director
COMPENSATION
$463K
AGE
56
TENURE
11.3 yrs

Clive Line

TITLE
CFO, Finance Director
COMPENSATION
$365K
AGE
57
TENURE
13.9 yrs

Ulisses Melo

TITLE
GM of Brazil & Country Manager of Brazil
COMPENSATION
$247K
TENURE
9.7 yrs

Roney Almeida

TITLE
Chief Operating Officer
TENURE
0.3 yrs
Board of Directors Tenure

Average tenure and age of the Serabi Gold board of directors in years:

5.6
Average Tenure
56.5
Average Age
  • The tenure for the Serabi Gold board of directors is about average.
Board of Directors

Mel Williams

TITLE
Non-Executive Chairman
COMPENSATION
$67K
AGE
69
TENURE
1.5 yrs

Mike Hodgson

TITLE
CEO & Director
COMPENSATION
$463K
AGE
56
TENURE
11.8 yrs

Clive Line

TITLE
CFO, Finance Director
COMPENSATION
$365K
AGE
57
TENURE
13.8 yrs

Felipe Swett Lira

TITLE
Non-Executive Director
COMPENSATION
$63K
AGE
39
TENURE
4.3 yrs

Terence Harvey

TITLE
Non-Executive Director
COMPENSATION
$76K
AGE
59
TENURE
7.8 yrs

J. Rosselot

TITLE
Non-Executive Director
COMPENSATION
$109K
TENURE
6.2 yrs

Nicolas Ramon Lyon

TITLE
Non-Executive Director
COMPENSATION
$62K
AGE
41
TENURE
5.6 yrs

Hector Olate

TITLE
Non-Executive Independent Director
COMPENSATION
$57K
AGE
57
TENURE
4.4 yrs

Mark Sawyer

TITLE
Non-Executive Director
AGE
49
TENURE
0.8 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
X
Management checks
We assess Serabi Gold's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Serabi Gold has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

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Company Info

Map
Description

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 50, 800 hectares; and the Coringa gold project covering an area of approximately 13, 000 hectares 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.

Details
Name: Serabi Gold plc
SRBI.F
Exchange: OTCPK
Founded: 1999
£27,778,315
58,909,551
Website: http://www.serabigold.com
Address: Serabi Gold plc
30-32 Ludgate Hill,
2nd Floor,
London,
Greater London, EC4M 7DR,
United Kingdom
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
AIM SRB Ordinary Shares London Stock Exchange AIM Market GB GBP 10. May 2005
OTCPK SRBI.F Ordinary Shares Pink Sheets LLC US USD 10. May 2005
DB B9O2 Ordinary Shares Deutsche Boerse AG DE EUR 10. May 2005
TSX SBI Ordinary Shares The Toronto Stock Exchange CA CAD 10. May 2005
Number of employees
Current staff
Staff numbers
365
Serabi Gold employees.
Industry
Gold
Materials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2018/12/10 01:11
End of day share price update: 2018/09/12 00:00
Last estimates confirmation: 2018/11/21
Last earnings filing: 2018/11/14
Last earnings reported: 2018/09/30
Last annual earnings reported: 2017/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.