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Kasbah Resources

ASX:KAS
Snowflake Description

Worrying balance sheet with weak fundamentals.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
KAS
ASX
A$5M
Market Cap
  1. Home
  2. AU
  3. Materials
Company description

Kasbah Resources Limited operates as a mineral exploration and development company. The last earnings update was 25 days ago. More info.


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  • Kasbah Resources has significant price volatility in the past 3 months.
KAS Share Price and Events
7 Day Returns
2.7%
ASX:KAS
4.3%
AU Metals and Mining
5.1%
AU Market
1 Year Returns
-45.7%
ASX:KAS
-18.8%
AU Metals and Mining
-19.1%
AU Market
KAS Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Kasbah Resources (KAS) 2.7% 245.5% - -45.7% -81.9% -88.1%
AU Metals and Mining 4.3% -9% -21.9% -18.8% 10.7% 24.1%
AU Market 5.1% -18.7% -25.7% -19.1% -16.6% -17.3%
1 Year Return vs Industry and Market
  • KAS underperformed the Metals and Mining industry which returned -18.8% over the past year.
  • KAS underperformed the Market in Australia which returned -19.1% over the past year.
Price Volatility
KAS
Industry
5yr Volatility vs Market

Value

 Is Kasbah Resources 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.

In this section, we usually try to help investors determine whether Kasbah Resources is trading at an attractive price based on the cash flow it is expected to produce in the future. But as Kasbah Resources has not provided consistent financial data, and the stock also has no analyst forecast or coverage, its intrinsic value cannot be reliably calculated by extrapolating past data or using analyst consensus cash flow predictions.

This is quite a rare situation as 89% of companies covered by Simply Wall St do have a valuation analysis. You can see them here.

Show me the analysis anyway

INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
  • It is not possible to calculate the future cash flow value for Kasbah Resources. This is due to cash flow or dividend data being unavailable. The share price is A$0.038.
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 Kasbah Resources's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Kasbah Resources's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
ASX:KAS PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in AUD A$-0.04
ASX:KAS Share Price ** ASX (2020-04-01) in AUD A$0.04
Australia Metals and Mining Industry PE Ratio Median Figure of 76 Publicly-Listed Metals and Mining Companies 7.99x
Australia Market PE Ratio Median Figure of 515 Publicly-Listed Companies 12.97x

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

** Primary Listing of Kasbah Resources.

ASX:KAS PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= ASX:KAS Share Price ÷ EPS (both in AUD)

= 0.04 ÷ -0.04

-0.91x

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

  • Kasbah Resources is loss making, we can't compare its value to the AU Metals and Mining industry average.
  • Kasbah Resources is loss making, we can't compare the value of its earnings to the Australia market.
Price based on expected Growth
Does Kasbah Resources's expected growth come at a high price?
Raw Data
ASX:KAS PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -0.91x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
Australia Metals and Mining Industry PEG Ratio Median Figure of 40 Publicly-Listed Metals and Mining Companies 0.4x
Australia Market PEG Ratio Median Figure of 337 Publicly-Listed Companies 1x

*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 Kasbah Resources, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Kasbah Resources's assets?
Raw Data
ASX:KAS PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in AUD A$0.00
ASX:KAS Share Price * ASX (2020-04-01) in AUD A$0.04
Australia Metals and Mining Industry PB Ratio Median Figure of 555 Publicly-Listed Metals and Mining Companies 1.04x
Australia Market PB Ratio Median Figure of 1,613 Publicly-Listed Companies 1.24x
ASX:KAS PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= ASX:KAS Share Price ÷ Book Value per Share (both in AUD)

= 0.04 ÷ 0.00

-22.84x

* Primary Listing of Kasbah Resources.

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

  • Kasbah Resources has negative assets, we can't compare the value of its assets to the AU Metals and Mining industry average.

Next steps:

  1. Take a look at our analysis of KAS’s management and see if the CEO’s compensation is within a reasonable range, who is on the board and if insiders have been trading lately.
  2. When valuing a company like this, investors focus more on how they perceive the potential returns from the core activities, the size of each contract's opportunity, and the capacity of the team. While we are not analysing this type of data at the moment, if you don’t know where to start, we recommend reading through Kasbah Resources's regulatory filings and announcements.
  3. Show me more potentially undervalued companies in the Metals and Mining industry
  4. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Value checks
We assess Kasbah Resources'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. Kasbah Resources has a total score of 0/6, 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 Kasbah Resources expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Kasbah Resources has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by Simply Wall St do have past financial data. You can see them here.

Show me the analysis anyway

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
0.7%
Expected Metals and Mining industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Kasbah Resources expected to grow at an attractive rate?
  • Unable to compare Kasbah Resources's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Kasbah Resources's earnings growth to the Australia market average as no estimate data is available.
  • Unable to compare Kasbah Resources's revenue growth to the Australia market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
ASX:KAS Future Growth Rates Data Sources
Data Point Source Value (per year)
Australia Metals and Mining Industry Earnings Growth Rate Market Cap Weighted Average 0.7%
Australia Metals and Mining Industry Revenue Growth Rate Market Cap Weighted Average 1.1%
Australia Market Earnings Growth Rate Market Cap Weighted Average 10.7%
Australia Market Revenue Growth Rate Market Cap Weighted Average 4.1%

*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
ASX:KAS Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in AUD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
ASX:KAS Future Estimates Data
Date (Data in AUD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
ASX:KAS Past Financials Data
Date (Data in AUD Millions) Revenue Cash Flow Net Income *
2019-12-31 0 -5 -5
2019-09-30 0 -6 -6
2019-06-30 0 -6 -6
2019-03-31 0 -6 -6
2018-12-31 0 -6 -7
2018-09-30 0 -6 -6
2018-06-30 0 -6 -6
2018-03-31 0 -6 -5
2017-12-31 0 -6 -5
2017-09-30 0 -5 -5
2017-06-30 0 -5 -5
2017-03-31 0 -4 -5

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Kasbah Resources is high growth as no earnings estimate data is available.
  • Unable to determine if Kasbah Resources is high growth as no revenue estimate data is available.
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
ASX:KAS Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Kasbah Resources Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

ASX:KAS Future Estimates Data
Date (Data in AUD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
ASX:KAS Past Financials Data
Date (Data in AUD Millions) EPS *
2019-12-31 -0.04
2019-09-30 -0.05
2019-06-30 -0.06
2019-03-31 -0.06
2018-12-31 -0.06
2018-09-30 -0.06
2018-06-30 -0.06
2018-03-31 -0.06
2017-12-31 -0.06
2017-09-30 -0.07
2017-06-30 -0.08
2017-03-31 -0.08

*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.
  • Unable to establish if Kasbah Resources will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Take a look at our analysis of KAS’s management and see if the CEO’s compensation is within a reasonable range, who is on the board and if insiders have been trading lately.
  2. Kasbah Resources's future outlook can be gauged by looking at industry trends and market size, and determining how well-positioned the company is compared to its competitors. Take a look at other high-growth Materials companies here
  3. Kasbah Resources's competitive advantages and company strategy can generally be found in its financial reports archived here.
  4. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Future performance checks
We assess Kasbah Resources'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 Australia market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Australia 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.
Kasbah Resources has a total score of 0/6, 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 Kasbah Resources 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 Kasbah Resources'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.
  • Kasbah Resources does not make a profit even though their year on year earnings growth rate was positive over the past 5 years.
  • Unable to compare Kasbah Resources's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Kasbah Resources's 1-year growth to the AU Metals and Mining industry average as it is not currently profitable.
Earnings and Revenue History
Kasbah Resources'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 Kasbah Resources Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

ASX:KAS Past Revenue, Cash Flow and Net Income Data
Date (Data in AUD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-12-31 0.01 -5.38 4.44
2019-09-30 0.01 -5.90 4.80
2019-06-30 0.01 -6.43 5.16
2019-03-31 0.02 -6.49 5.39
2018-12-31 0.02 -6.55 5.62
2018-09-30 0.05 -6.10 5.58
2018-06-30 0.08 -5.65 5.53
2018-03-31 0.08 -5.22 5.13
2017-12-31 0.08 -4.79 4.74
2017-09-30 0.05 -4.87 4.16
2017-06-30 0.03 -4.94 3.58
2017-03-31 0.03 -4.62 3.29
2016-12-31 0.02 -4.30 3.00
2016-09-30 0.04 -3.66 2.98
2016-06-30 0.05 -3.02 2.96
2016-03-31 0.08 -2.84 2.82
2015-12-31 0.10 -2.65 2.68
2015-09-30 0.11 -4.12 3.97
2015-06-30 0.12 -5.59 5.27
2015-03-31 0.12 -9.24 6.27
2014-12-31 0.13 -12.89 7.28
2014-09-30 0.19 -12.77 7.78
2014-06-30 0.25 -12.66 8.29
2014-03-31 0.38 -13.50 12.29
2013-12-31 0.51 -14.34 16.29
2013-09-30 0.67 -17.90 19.32
2013-06-30 0.82 -21.46 22.35

*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 Kasbah Resources has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if Kasbah Resources has efficiently used its assets last year compared to the AU Metals and Mining industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if Kasbah Resources 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 Kasbah Resources'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.
Kasbah Resources 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 Kasbah Resources'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 Kasbah Resources's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Kasbah Resources's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Kasbah Resources's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Kasbah Resources'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 not covered by short term assets, assets are 0.2x 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 Kasbah Resources Company Filings, last reported 3 months ago.

ASX:KAS Past Debt and Equity Data
Date (Data in AUD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 0.22 6.54 0.91
2019-09-30 0.22 6.54 0.91
2019-06-30 2.09 5.31 1.92
2019-03-31 2.09 5.31 1.92
2018-12-31 2.13 4.89 1.73
2018-09-30 2.13 4.89 1.73
2018-06-30 4.93 3.21 3.02
2018-03-31 4.93 3.21 3.02
2017-12-31 7.33 1.12 3.07
2017-09-30 7.33 1.12 3.07
2017-06-30 4.87 1.08 1.72
2017-03-31 4.87 1.08 1.72
2016-12-31 7.11 1.01 4.11
2016-09-30 7.11 1.01 4.11
2016-06-30 6.28 0.00 1.17
2016-03-31 6.28 0.00 1.17
2015-12-31 7.80 0.00 2.64
2015-09-30 7.80 0.00 2.64
2015-06-30 9.05 0.00 4.09
2015-03-31 9.05 0.00 4.09
2014-12-31 6.79 0.00 4.77
2014-09-30 6.79 0.00 4.77
2014-06-30 7.20 0.00 4.40
2014-03-31 7.20 0.00 4.40
2013-12-31 -0.95 0.00 7.91
2013-09-30 -0.95 0.00 7.91
2013-06-30 2.56 0.00 14.11
  • Kasbah Resources's level of debt (2943.9%) compared to net worth is high (greater than 40%).
  • Unable to establish if Kasbah Resources's debt level has increased without past 5-year debt data.
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.

  • Kasbah Resources has less than a year of cash runway based on current free cash flow.
  • Kasbah Resources has less than a year of cash runway if free cash flow continues to reduce at historical rates of -16.5% each year.
X
Financial health checks
We assess Kasbah Resources'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. Kasbah Resources has a total score of 1/6, 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 Kasbah Resources'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 Kasbah Resources dividends.
If you bought A$2,000 of Kasbah Resources shares you are expected to receive A$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 Kasbah Resources's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Kasbah Resources'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
ASX:KAS 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 0 Analyst Estimates (S&P Global) See Below
Australia Metals and Mining Industry Average Dividend Yield Market Cap Weighted Average of 39 Stocks 6%
Australia Market Average Dividend Yield Market Cap Weighted Average of 368 Stocks 5.5%
Australia Minimum Threshold Dividend Yield 10th Percentile 1.7%
Australia Bottom 25% Dividend Yield 25th Percentile 3.2%
Australia Top 25% Dividend Yield 75th Percentile 8.1%

Industry and Market average data is calculated daily.

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

ASX:KAS Future Dividends Estimate Data
Date (Data in A$) Dividend per Share (annual) Avg. No. Analysts

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

  • Unable to perform a dividend volatility check as Kasbah Resources has not reported any payouts.
  • Unable to verify if Kasbah Resources's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Kasbah Resources's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Kasbah Resources has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Kasbah Resources's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.7%) - 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 Kasbah Resources afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Kasbah Resources 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 Kasbah Resources'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
Evan Spencer
COMPENSATION A$518,417
TENURE AS CEO 1 years
CEO Bio

Mr. Evan James Spencer has been the Chief Executive Officer of Kasbah Resources Limited since April 1, 2019 and serves as Executive Chairman since December 31, 2019. Mr. Spencer has been Mt Holland Project Manager of Convergent Minerals Ltd. (now known as East West Energy Limited) since April 25, 2013. He was Chief Operating Officer of Kasbah Resources Limited since May 01, 2017 until April 1, 2019. He is a highly experienced mining executive and has held a wide range of executive, senior management and operational roles in mining, both domestically and internationally over 25 years. He served as President of Asian Mineral Resources Limited. Mr. Spencer served as the Chief Executive Officer of Asian Mineral Resources Limited since January 6, 2014 until March 22, 2017 and also served as its General Director of BPNM. Mr. Spencer is a highly experienced mining executive. Mr. Spencer has relevant experience in managing gold mines throughout Western Australia. He has experience in open cut and underground gold mines, as well as large-scale heap leach operations. He has extensive technical, operational and project development expertise. He serves as General Manager of business development and growth at Barrick's Kanowna operations in the Goldfields. He served a wide range of senior corporate and operational management positions, worked both domestically and internationally. He joined Kagara from Barrick Asia Pacific, where he served for the past six years in a number of senior management positions. He served a wide range of senior management and operational positions, including senior positions with Barrick Gold Corporation and Aditya Birla Minerals. Mr. Spencer served as the Chief Operating Officer of Kagara Ltd since October 3, 2011 until February 2013. He served as General Manager of Business Development & Growth at Barrick Asia Pacific, General Manager of Barrick Kanowna Operations, Mining Manager of Barrick Kanowna - Underground & Surface Operations, Mining Manager of Birla Mt Gordon copper mine, Mine Manager - Surface Operations, St Ives open pit gold operations, Project Engineer of Mt Marion underground gold mine and Project Manager of Higginsville underground gold mine. He served as Mining Manager with Birla at Mt Gordon operations in Queenslannd as well as Mine Manaager with Goldfields, South Africa. He holds 1st Class Mine Managers Certificates in both Western Australia and Queensland. Mr. Spencer has an Honours Degree in Geology, Mining Engineering (WA School of Mines) and has a Master's degree in Mineral Economics from Curtin University WA. He completed Post-Graduate studies in mine engineering, business and mining.

CEO Compensation
  • Evan's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Evan's remuneration is higher than average for companies of similar size in Australia.
Management Team Tenure

Average tenure of the Kasbah Resources management team in years:

1
Average Tenure
  • The average tenure for the Kasbah Resources management team is less than 2 years, this suggests a new team.
Management Team

Evan Spencer

TITLE
Executive Chairman & CEO
COMPENSATION
A$518K
TENURE
1 yrs

Pradeep Subramaniam

TITLE
CFO, Group Financial Controller & Company Secretary
TENURE
0.3 yrs

Gabrielle Moeller

TITLE
Consultant
COMPENSATION
A$36K
TENURE
3.2 yrs
Board of Directors Tenure

Average tenure of the Kasbah Resources board of directors in years:

0.3
Average Tenure
  • The average tenure for the Kasbah Resources board of directors is less than 3 years, this suggests a new board.
Board of Directors

Evan Spencer

TITLE
Executive Chairman & CEO
COMPENSATION
A$518K
TENURE
0.3 yrs

Kapil Seetulsingh

TITLE
Independent Non-Executive Director
TENURE
0.3 yrs

Nick Slade

TITLE
Non-Independent Non-Executive Director
TENURE
0.3 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (A$) Value (A$)
X
Management checks
We assess Kasbah Resources'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. Kasbah Resources 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

Simply Wall St News

Those Who Purchased Kasbah Resources (ASX:KAS) Shares Five Years Ago Have A 95% Loss To Show For It

View our latest analysis for Kasbah Resources We don't think Kasbah Resources's revenue of AU$23,772 is enough to establish significant demand. … It seems likely some shareholders believe that Kasbah Resources will find or develop a valuable new mine before too long. … A Different Perspective Kasbah Resources shareholders are down 62% for the year, but the market itself is up 7.1%.

Simply Wall St -

Those Who Purchased Kasbah Resources (ASX:KAS) Shares Five Years Ago Have A 94% Loss To Show For It

Imagine if you held Kasbah Resources Limited (ASX:KAS) for half a decade as the share price tanked 94%. … See our latest analysis for Kasbah Resources. … It seems likely some shareholders believe that Kasbah Resources will find or develop a valuable new mine before too long.

Simply Wall St -

Kasbah Resources Limited (ASX:KAS): When Will It Breakeven?

With the latest financial year loss of -AU$5.6m and a trailing-twelve month of -AU$6.5m, the AU$12m market-cap amplifies its loss by moving further away from its breakeven target? … I’ve put together a brief outline of industry analyst expectations for KAS, its year of breakeven and its implied growth rate … View our latest analysis for Kasbah Resources

Simply Wall St -

Are Kasbah Resources Limited's (ASX:KAS) Interest Costs Too High?

Kasbah Resources Limited (ASX:KAS) is a small-cap stock with a market capitalization of AU$8m. … While investors primarily focus on the growth potential and competitive landscape of the small-cap companies, they end up ignoring a key aspect, which could be the biggest threat to its existence: its financial health.

Simply Wall St -

What does Kasbah Resources Limited's (ASX:KAS) Balance Sheet Tell Us About Its Future?

While small-cap stocks, such as Kasbah Resources Limited (ASX:KAS) with its market cap of AU$13.59m, are popular for their explosive growth, investors should also be aware of their balance sheet to judge whether the company can survive a downturn.

Simply Wall St -

Should You Be Concerned About Kasbah Resources Limited's (ASX:KAS) Investors?

View our latest analysis for Kasbah Resources ASX:KAS Ownership_summary Jun 6th 18 Institutional Ownership Institutional investors transact in large blocks which can influence the momentum of stock prices, at least in the short-term, especially when there is a low level of public shares available on the market to trade. … Insider Ownership I find insiders are another important group of stakeholders, who are directly involved in making key decisions related to the use of capital. … With this size of ownership, retail investors can collectively play a role in major company policies that affect shareholders returns, including executive remuneration and the appointment of directors.

Simply Wall St -

How Financially Strong Is Kasbah Resources Limited (ASX:KAS)?

With this ramp up in debt, the current cash and short-term investment levels stands at AU$1.72M , ready to deploy into the business. … Moving onto cash from operations, its small level of operating cash flow means calculating cash-to-debt wouldn't be too useful, though these low levels of cash means that operational efficiency is worth a look. … KAS's risk around capital structure is low, and the company has the headroom and ability to raise debt should it need to in the future.Next Steps: KAS’s cash flow coverage indicates it could improve its operating efficiency in order to meet demand for debt repayments should unforeseen events arise.

Simply Wall St -

Before You Buy Kasbah Resources Limited's (ASX:KAS), Consider This

If you are looking to invest in Kasbah Resources Limited’s (ASX:KAS), or currently own the stock, then you need to understand its beta in order to understand how it can affect the risk of your portfolio. … With a beta of 2.6, Kasbah Resources is a stock that tends to experience more gains than the market during a growth phase and also a bigger reduction in value compared to the market during a broad downturn. … With a market cap of AU$16.72M, KAS falls within the small-cap spectrum of stocks, which are found to experience higher relative risk compared to larger companies.

Simply Wall St -

With A -63.49% Earnings Drop Lately, Did Kasbah Resources Limited (ASX:KAS) Underperform Its Industry?

Below, I will examine Kasbah Resources Limited's (ASX:KAS) track record on a high level, to give you some insight into how the company has been performing against its long term trend and its industry peers. … Check out our latest analysis for Kasbah Resources Despite a decline, did KAS underperform the long-term trend and the industry? … Each year, for the last five years Kasbah Resources has seen an annual decline in revenue of -45.08%, on average.

Simply Wall St -

Who Are The Major Shareholders In Kasbah Resources Limited (ASX:KAS)?

Today, I will be analyzing Kasbah Resources Limited’s (ASX:KAS) recent ownership structure, an important but not-so-popular subject among individual investors. … Insider Ownership Another important group of shareholders are company insiders. … Private Company Ownership Another important group of owners for potential investors in KAS are private companies that hold a stake of 6.86% in KAS.

Simply Wall St -

Company Info

Description

Kasbah Resources Limited operates as a mineral exploration and development company. Its flagship property is the 75% owned Achmmach Tin project located on the western edge of the El Hajeb province in northern Morocco. The company was founded in 2005 and is based in Melbourne, Australia.

Details
Name: Kasbah Resources Limited
KAS
Exchange: ASX
Founded: 2005
A$5,144,438
135,379,952
Website: http://www.kasbahresources.com
Address: Kasbah Resources Limited
459 Collins Street,
Level 13,
Melbourne,
Victoria, 3000,
Australia
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
ASX KAS Ordinary Shares Australian Securities Exchange AU AUD 27. Apr 2007
OTCPK KASB.F Ordinary Shares Pink Sheets LLC US USD 27. Apr 2007
CHIA KAS Ordinary Shares Chi-X Australia AU AUD 27. Apr 2007
Number of employees
Current staff
Staff numbers
0
Kasbah Resources employees.
Industry
Diversified Metals and Mining
Materials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/06 10:42
End of day share price update: 2020/04/01 00:00
Last estimates confirmation: 2018/09/26
Last earnings filing: 2020/03/12
Last earnings reported: 2019/12/31
Last annual earnings reported: 2019/06/30


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.