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GML

Gemfields GroupJSE:GML Stock Report

Last Price

R3.60

Market Cap

R4.2b

7D

2.9%

1Y

122.2%

Updated

23 Jan, 2022

Data

Company Financials +
GML fundamental analysis
Snowflake Score
Valuation1/6
Future Growth4/6
Past Performance0/6
Financial Health5/6
Dividends0/6

GML Stock Overview

Gemfields Group Limited, together with its subsidiaries, operates as a mining company.

Price History & Performance

Summary of all time highs, changes and price drops for Gemfields Group
Historical stock prices
Current Share PriceR3.60
52 Week HighR3.75
52 Week LowR1.24
Beta0.29
1 Month Change29.96%
3 Month Change30.91%
1 Year Change122.22%
3 Year Change98.90%
5 Year Change-16.28%
Change since IPO-66.36%

Recent News & Updates

Shareholder Returns

GMLZA Metals and MiningZA Market
7D2.9%2.6%-0.3%
1Y122.2%3.4%13.9%

Return vs Industry: GML exceeded the ZA Metals and Mining industry which returned 3.4% over the past year.

Return vs Market: GML exceeded the ZA Market which returned 13.9% over the past year.

Price Volatility

Is GML's price volatile compared to industry and market?
GML volatility
GML Average Weekly Movement9.4%
Metals and Mining Industry Average Movement7.0%
Market Average Movement5.7%
10% most volatile stocks in ZA Market12.1%
10% least volatile stocks in ZA Market3.3%

Stable Share Price: GML is more volatile than 75% of ZA stocks over the past 3 months, typically moving +/- 9% a week.

Volatility Over Time: GML's weekly volatility (9%) has been stable over the past year, but is still higher than 75% of ZA stocks.

About the Company

FoundedEmployeesCEOWebsite
2007n/aSean Gilbertsonhttps://www.gemfieldsgroup.com

Gemfields Group Limited, together with its subsidiaries, operates as a mining company. It operates through seven segments: Zambia, Mozambique, Platinum Group Metals (PGMs), Steel Making Materials, Corporate, Faberge, and Other. The company is involved in the emerald, beryl, ruby, and corundum mining activities; wholesale and retail of jewelry and watches through directly operated boutiques and international wholesale partners, as well as online; and traded auction activity.

Gemfields Group Fundamentals Summary

How do Gemfields Group's earnings and revenue compare to its market cap?
GML fundamental statistics
Market CapUS$279.77m
Earnings (TTM)-US$15.00m
Revenue (TTM)US$116.80m

2.4x

P/S Ratio

-18.7x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
GML income statement (TTM)
RevenueUS$116.80m
Cost of RevenueUS$72.99m
Gross ProfitUS$43.81m
ExpensesUS$58.82m
Earnings-US$15.00m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)-0.013
Gross Margin37.51%
Net Profit Margin-12.85%
Debt/Equity Ratio7.7%

How did GML perform over the long term?

See historical performance and comparison

Valuation

Is Gemfields Group undervalued compared to its fair value and its price relative to the market?

0.65x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: GML (ZAR3.6) is trading above our estimate of fair value (ZAR1.33)

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


Price To Earnings Ratio

PE vs Industry: GML is unprofitable, so we can't compare its PE Ratio to the ZA Metals and Mining industry average.

PE vs Market: GML is unprofitable, so we can't compare its PE Ratio to the ZA market.


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: GML is good value based on its PB Ratio (0.6x) compared to the ZA Metals and Mining industry average (1.3x).


Future Growth

How is Gemfields Group forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?

57.3%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: GML is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (8.8%).

Earnings vs Market: GML is forecast to become profitable over the next 3 years, which is considered above average market growth.

High Growth Earnings: GML's is expected to become profitable in the next 3 years.

Revenue vs Market: GML's revenue (17.2% per year) is forecast to grow faster than the ZA market (6.3% per year).

High Growth Revenue: GML's revenue (17.2% 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 GML's Return on Equity is forecast to be high in 3 years time


Past Performance

How has Gemfields Group performed over the past 5 years?

-8.1%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: GML is currently unprofitable.

Growing Profit Margin: GML is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: GML is unprofitable, and losses have increased over the past 5 years at a rate of 8.1% per year.

Accelerating Growth: Unable to compare GML's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: GML is unprofitable, making it difficult to compare its past year earnings growth to the Metals and Mining industry (218.4%).


Return on Equity

High ROE: GML has a negative Return on Equity (-2.53%), as it is currently unprofitable.


Financial Health

How is Gemfields Group's financial position?


Financial Position Analysis

Short Term Liabilities: GML's short term assets ($214.2M) exceed its short term liabilities ($43.3M).

Long Term Liabilities: GML's short term assets ($214.2M) exceed its long term liabilities ($127.5M).


Debt to Equity History and Analysis

Debt Level: GML has more cash than its total debt.

Reducing Debt: Insufficient data to determine if GML's debt to equity ratio has reduced over the past 5 years.


Balance Sheet


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.

Stable Cash Runway: Whilst unprofitable GML has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.

Forecast Cash Runway: GML is unprofitable but has sufficient cash runway for more than 3 years, even with free cash flow being positive and shrinking by 7.7% per year.


Dividend

What is Gemfields Group current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

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

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

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


Next Steps

Management

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

3.6yrs

Average management tenure


CEO

Sean Gilbertson (49 yo)

3.83yrs

Tenure

US$551,000

Compensation

Mr. Sean Gilbertson, BSc (Mining Engineering) has been Chief Executive Officer of Gemfields Plc since August 4, 2017. Mr. Gilbertson has been Chief Executive Officer of Gemfields Group Limited (Former Name...


CEO Compensation Analysis

Compensation vs Market: Sean's total compensation ($USD551.00K) is about average for companies of similar size in the ZA market ($USD530.76K).

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


Leadership Team

Experienced Management: GML's management team is considered experienced (3.6 years average tenure).


Board Members

Experienced Board: GML's board of directors are considered experienced (3.8 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

Gemfields Group Limited's employee growth, exchange listings and data sources


Key Information

  • Name: Gemfields Group Limited
  • Ticker: GML
  • Exchange: JSE
  • Founded: 2007
  • Industry: Precious Metals and Minerals
  • Sector: Materials
  • Implied Market Cap: R4.217b
  • Shares outstanding: 1.17b
  • Website: https://www.gemfieldsgroup.com

Number of Employees


Location

  • Gemfields Group Limited
  • Royal Chambers
  • St. Julian’s Avenue
  • Saint Peter Port
  • GY1 4HP
  • Guernsey

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/01/23 17:01
End of Day Share Price2022/01/21 00:00
Earnings2021/06/30
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.