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Saracen Mineral Holdings

ASX:SAR
Snowflake Description

High growth potential with proven track record.

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

Saracen Mineral Holdings Limited, a gold mining company, explores for and develops mineral properties in Australia. The last earnings update was 115 days ago. More info.


Add to Portfolio Compare Print
  • Saracen Mineral Holdings has significant price volatility in the past 3 months.
SAR Share Price and Events
7 Day Returns
-1.7%
ASX:SAR
1.4%
AU Metals and Mining
-0.1%
AU Market
1 Year Returns
6.2%
ASX:SAR
22%
AU Metals and Mining
19.1%
AU Market
SAR Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Saracen Mineral Holdings (SAR) -1.7% -13.6% -13.6% 6.2% 213.4% 1262.8%
AU Metals and Mining 1.4% 1.5% 0.7% 22% 37.6% 66.1%
AU Market -0.1% -0.6% 0.4% 19.1% 17.4% 26.5%
1 Year Return vs Industry and Market
  • SAR underperformed the Metals and Mining industry which returned 22% over the past year.
  • SAR underperformed the Market in Australia which returned 19.1% over the past year.
Price Volatility
SAR
Industry
5yr Volatility vs Market

Value

 Is Saracen Mineral Holdings 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 Saracen Mineral Holdings 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 Saracen Mineral Holdings.

ASX:SAR Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 7 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 7.2%
Perpetual Growth Rate 10-Year AU Government Bond Rate 1.1%

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 ASX:SAR
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year AU Govt Bond Rate 1.1%
Equity Risk Premium S&P Global 5.4%
Metals and Mining Unlevered Beta Simply Wall St/ S&P Global 1.18
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.177 (1 + (1- 30%) (0%))
1.119
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.12
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 1.08% + (1.119 * 5.44%)
7.16%

Discounted Cash Flow Calculation for ASX:SAR using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Saracen Mineral Holdings is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

Note: Free cash flow to equity valuations ignore the company's cash or debt.

ASX:SAR DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (AUD, Millions) Source Present Value
Discounted (@ 7.16%)
2020 221.68 Analyst x3 206.86
2021 303.00 Analyst x3 263.84
2022 333.67 Analyst x3 271.12
2023 355.46 Est @ 6.53% 269.51
2024 372.86 Est @ 4.9% 263.81
2025 386.85 Est @ 3.75% 255.40
2026 398.26 Est @ 2.95% 245.36
2027 407.78 Est @ 2.39% 234.42
2028 415.92 Est @ 2% 223.12
2029 423.08 Est @ 1.72% 211.78
Present value of next 10 years cash flows A$2,445.00
ASX:SAR DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= A$423.08 × (1 + 1.08%) ÷ (7.16% – 1.08%)
A$7,027.98
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= A$7,027.98 ÷ (1 + 7.16%)10
A$3,518.06
ASX:SAR Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= A$2,445.00 + A$3,518.06
A$5,963.06
Equity Value per Share
(AUD)
= Total value / Shares Outstanding
= A$5,963.06 / 1,070.78
A$5.57
ASX:SAR Discount to Share Price
Calculation Result
Value per share (AUD) From above. A$5.57
Current discount Discount to share price of A$2.93
= -1 x (A$2.93 - A$5.57) / A$5.57
47.4%

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

Current Discount
Amount off the current price Saracen Mineral Holdings is available for.
Intrinsic value
47%
Share price is A$2.93 vs Future cash flow value of A$5.57
Current Discount Checks
For Saracen Mineral Holdings to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Saracen Mineral Holdings's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Saracen Mineral Holdings's share price is below the future cash flow value, and at a substantial discount (> 40%).
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 Saracen Mineral Holdings's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Saracen Mineral Holdings's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
ASX:SAR PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-06-30) in AUD A$0.11
ASX:SAR Share Price ** ASX (2019-12-11) in AUD A$2.93
Australia Metals and Mining Industry PE Ratio Median Figure of 80 Publicly-Listed Metals and Mining Companies 13.08x
Australia Market PE Ratio Median Figure of 519 Publicly-Listed Companies 18.43x

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

** Primary Listing of Saracen Mineral Holdings.

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

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

= 2.93 ÷ 0.11

25.98x

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

  • Saracen Mineral Holdings is overvalued based on earnings compared to the AU Metals and Mining industry average.
  • Saracen Mineral Holdings is overvalued based on earnings compared to the Australia market.
Price based on expected Growth
Does Saracen Mineral Holdings's expected growth come at a high price?
Raw Data
ASX:SAR PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 25.98x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 7 Analysts
30.9%per year
Australia Metals and Mining Industry PEG Ratio Median Figure of 47 Publicly-Listed Metals and Mining Companies 0.77x
Australia Market PEG Ratio Median Figure of 349 Publicly-Listed Companies 1.55x

*Line of best fit is calculated by linear regression .

ASX:SAR PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 25.98x ÷ 30.9%

0.84x

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

  • Saracen Mineral Holdings is good value based on expected growth next year.
Price based on value of assets
What value do investors place on Saracen Mineral Holdings's assets?
Raw Data
ASX:SAR PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-06-30) in AUD A$0.60
ASX:SAR Share Price * ASX (2019-12-11) in AUD A$2.93
Australia Metals and Mining Industry PB Ratio Median Figure of 551 Publicly-Listed Metals and Mining Companies 1.43x
Australia Market PB Ratio Median Figure of 1,588 Publicly-Listed Companies 1.66x
ASX:SAR PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 2.93 ÷ 0.60

4.88x

* Primary Listing of Saracen Mineral Holdings.

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

  • Saracen Mineral Holdings is overvalued based on assets compared to the AU Metals and Mining industry average.
X
Value checks
We assess Saracen Mineral Holdings'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. Saracen Mineral Holdings has a total score of 3/6, 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 Saracen Mineral Holdings expected to perform in the next 1 to 3 years based on estimates from 7 analysts?

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
30.9%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Saracen Mineral Holdings expected to grow at an attractive rate?
  • Saracen Mineral Holdings's earnings growth is expected to exceed the low risk savings rate of 1.1%.
Growth vs Market Checks
  • Saracen Mineral Holdings's earnings growth is expected to exceed the Australia market average.
  • Saracen Mineral Holdings's revenue growth is expected to exceed the Australia market average.
Annual Growth Rates Comparison
Raw Data
ASX:SAR Future Growth Rates Data Sources
Data Point Source Value (per year)
ASX:SAR Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 7 Analysts 30.9%
ASX:SAR Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 7 Analysts 24.2%
Australia Metals and Mining Industry Earnings Growth Rate Market Cap Weighted Average 1.5%
Australia Metals and Mining Industry Revenue Growth Rate Market Cap Weighted Average 0.4%
Australia Market Earnings Growth Rate Market Cap Weighted Average 9.3%
Australia Market Revenue Growth Rate Market Cap Weighted Average 3.6%

*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:SAR Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (5 months ago) See Below
Future Estimates Average of up to 7 Analyst Estimates (S&P Global) See Below
All numbers in AUD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
ASX:SAR Future Estimates Data
Date (Data in AUD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-06-30
2022-06-30 1,218 509 330 4
2021-06-30 1,264 516 332 6
2020-06-30 985 418 277 6
2019-12-11
ASX:SAR Past Financials Data
Date (Data in AUD Millions) Revenue Cash Flow Net Income *
2019-06-30 556 228 92
2019-03-31 551 218 83
2018-12-31 547 209 73
2018-09-30 529 200 74
2018-06-30 511 191 76
2018-03-31 497 180 68
2017-12-31 482 169 59
2017-09-30 453 147 44
2017-06-30 423 126 28
2017-03-31 380 116 31
2016-12-31 336 107 33
2016-09-30 306 108 29

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Saracen Mineral Holdings's earnings are expected to grow significantly at over 20% yearly.
  • Saracen Mineral Holdings'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
ASX:SAR Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (5 months ago) See Below
Future Estimates Average of up to 7 Analyst Estimates (S&P Global) See Below

All data from Saracen Mineral Holdings Company Filings, last reported 5 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

ASX:SAR Future Estimates Data
Date (Data in AUD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-06-30
2022-06-30 0.33 0.43 0.26 4.00
2021-06-30 0.32 0.38 0.28 5.00
2020-06-30 0.26 0.29 0.24 4.00
2019-12-11
ASX:SAR Past Financials Data
Date (Data in AUD Millions) EPS *
2019-06-30 0.11
2019-03-31 0.10
2018-12-31 0.09
2018-09-30 0.09
2018-06-30 0.09
2018-03-31 0.08
2017-12-31 0.07
2017-09-30 0.05
2017-06-30 0.04
2017-03-31 0.04
2016-12-31 0.04
2016-09-30 0.04

*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.
  • Saracen Mineral Holdings is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Saracen Mineral Holdings'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.
Saracen Mineral Holdings 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 Saracen Mineral Holdings 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 Saracen Mineral Holdings'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.
  • Saracen Mineral Holdings has delivered over 20% year on year earnings growth in the past 5 years.
  • Saracen Mineral Holdings's 1-year earnings growth is less than its 5-year average (22.4% vs 48.1%)
  • Saracen Mineral Holdings's earnings growth has exceeded the AU Metals and Mining industry average in the past year (22.4% vs 7.8%).
Earnings and Revenue History
Saracen Mineral Holdings'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 Saracen Mineral Holdings Company Filings, last reported 5 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

ASX:SAR Past Revenue, Cash Flow and Net Income Data
Date (Data in AUD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-06-30 555.59 92.49 20.26
2019-03-31 551.42 82.52 18.00
2018-12-31 547.24 72.55 15.74
2018-09-30 529.10 74.07 14.58
2018-06-30 510.96 75.59 13.43
2018-03-31 496.53 67.54 12.67
2017-12-31 482.10 59.49 11.92
2017-09-30 452.58 43.94 12.48
2017-06-30 423.06 28.39 13.05
2017-03-31 379.75 30.63 13.69
2016-12-31 336.45 32.87 14.33
2016-09-30 306.48 29.38 13.06
2016-06-30 276.50 25.89 11.80
2016-03-31 266.30 20.56 10.76
2015-12-31 256.10 15.22 9.72
2015-09-30 252.99 13.19 9.37
2015-06-30 249.87 11.15 9.03
2015-03-31 235.53 6.99 8.91
2014-12-31 221.19 2.83 8.80
2014-09-30 216.31 4.41 8.66
2014-06-30 211.42 6.00 8.52
2014-03-31 217.49 -13.63 8.63
2013-12-31 223.55 -33.25 8.75
2013-09-30 217.08 -48.17 9.04
2013-06-30 210.61 -63.10 9.34
2013-03-31 198.80 -38.44 9.90
2012-12-31 186.99 -13.79 10.47

*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.
  • Saracen Mineral Holdings has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Saracen Mineral Holdings used its assets more efficiently than the AU Metals and Mining industry average last year based on Return on Assets.
  • Saracen Mineral Holdings has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Saracen Mineral Holdings'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.
Saracen Mineral Holdings has a total score of 4/6, 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 Saracen Mineral Holdings'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 Saracen Mineral Holdings's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Saracen Mineral Holdings is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Saracen Mineral Holdings's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Saracen Mineral Holdings'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 -1117.6x 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 Saracen Mineral Holdings Company Filings, last reported 5 months ago.

ASX:SAR Past Debt and Equity Data
Date (Data in AUD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-06-30 493.08 0.00 118.72
2019-03-31 493.08 0.00 118.72
2018-12-31 428.09 0.00 113.22
2018-09-30 428.09 0.00 113.22
2018-06-30 381.16 0.00 99.77
2018-03-31 381.16 0.00 99.77
2017-12-31 345.64 0.00 65.30
2017-09-30 345.64 0.00 65.30
2017-06-30 294.01 0.00 33.73
2017-03-31 294.01 0.00 33.73
2016-12-31 278.26 0.00 33.66
2016-09-30 278.26 0.00 33.66
2016-06-30 260.72 0.00 34.31
2016-03-31 260.72 0.00 34.31
2015-12-31 237.36 0.78 37.46
2015-09-30 237.36 0.78 37.46
2015-06-30 229.23 0.00 38.39
2015-03-31 229.23 0.00 38.39
2014-12-31 228.47 12.16 33.96
2014-09-30 228.47 12.16 33.96
2014-06-30 231.06 11.38 35.89
2014-03-31 231.06 11.38 35.89
2013-12-31 182.60 21.83 13.32
2013-09-30 182.60 21.83 13.32
2013-06-30 178.73 21.00 9.11
2013-03-31 178.73 21.00 9.11
2012-12-31 186.19 10.42 7.34
  • Unable to establish if Saracen Mineral Holdings's level of debt is high without past debt data.
  • Unable to establish if Saracen Mineral Holdings's debt level has increased without past 5-year debt data.
  • Operating cash flow is negative therefore debt is not well covered.
  • Saracen Mineral Holdings has no debt, therefore coverage of interest payments is not a concern.
X
Financial health checks
We assess Saracen Mineral Holdings'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. Saracen Mineral Holdings has a total score of 3/6, 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 Saracen Mineral Holdings'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 Saracen Mineral Holdings dividends. Estimated to be 2.21% next year.
If you bought A$2,000 of Saracen Mineral Holdings 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 Saracen Mineral Holdings's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Saracen Mineral Holdings'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:SAR 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 7 Analyst Estimates (S&P Global) See Below
Australia Metals and Mining Industry Average Dividend Yield Market Cap Weighted Average of 43 Stocks 4.5%
Australia Market Average Dividend Yield Market Cap Weighted Average of 389 Stocks 4.1%
Australia Minimum Threshold Dividend Yield 10th Percentile 1.5%
Australia Bottom 25% Dividend Yield 25th Percentile 2.4%
Australia Top 25% Dividend Yield 75th Percentile 5.5%

Industry and Market average data is calculated daily.

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

ASX:SAR Future Dividends Estimate Data
Date (Data in A$) Dividend per Share (annual) Avg. No. Analysts
2023-06-30
2022-06-30 0.08 6.00
2021-06-30 0.07 7.00
2020-06-30 0.04 8.00
2019-12-11

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

  • Unable to perform a dividend volatility check as Saracen Mineral Holdings has not reported any payouts.
  • Unable to verify if Saracen Mineral Holdings's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Saracen Mineral Holdings's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Saracen Mineral Holdings has not reported any payouts.
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (3.7x coverage).
X
Income/ dividend checks
We assess Saracen Mineral Holdings's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.5%) - 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 Saracen Mineral Holdings afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Saracen Mineral Holdings has a total score of 1/6, 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 Saracen Mineral Holdings'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
Raleigh Finlayson
COMPENSATION A$1,904,987
AGE 40
TENURE AS CEO 6.7 years
CEO Bio

Mr. Raleigh John Finlayson has been Managing Director of Saracen Mineral Holdings Limited since April 2, 2013 and serves as its Director. Mr. Finlayson is a Member of the Australasian Institute of Mining and Metallurgy. Mr. Finlayson has over 18 years of technical and operational experience in the mining industry in multiple disciplines including both underground and open pit operations. He served as Chief Operating Officer of Saracen Mineral Holdings Limited. He has managed the timely completion of the Definitive Feasibility Study and development of the Carosue Dam operations in 2009. He has overseen the Feasibility Studies and development of both the Carosue Dam and Thunderbox operations. He is a Mining Engineer, having studied at the Western Australian School of Mines and is the holder of a First Class Mine Managers Certificate, a Graduate Certificate in Applied Finance and Investment and a Masters of Mineral Economics at Curtin University.

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

Average tenure of the Saracen Mineral Holdings management team in years:

3.9
Average Tenure
  • The tenure for the Saracen Mineral Holdings management team is about average.
Management Team

Raleigh Finlayson

TITLE
MD & Director
COMPENSATION
A$2M
AGE
40
TENURE
6.7 yrs

Morgan Ball

TITLE
Chief Financial Officer
COMPENSATION
A$1M
AGE
50
TENURE
3 yrs

Simon Jessop

TITLE
Chief Operating Officer
COMPENSATION
A$2M
TENURE
2 yrs

Troy Irvin

TITLE
Chief Corporate Development Officer
COMPENSATION
A$871K
TENURE
4.8 yrs

Jeremy Ryan

TITLE
Manager Legal & Company Secretary
TENURE
7.8 yrs

Marianne Dravnieks

TITLE
General Manager of People
COMPENSATION
A$1M
TENURE
1.8 yrs

Lynn Widenbar

TITLE
Consultant
Board of Directors Tenure

Average tenure and age of the Saracen Mineral Holdings board of directors in years:

4.3
Average Tenure
58
Average Age
  • The tenure for the Saracen Mineral Holdings board of directors is about average.
Board of Directors

Tony Kiernan

TITLE
Independent Non-Executive Chairman
COMPENSATION
A$136K
AGE
68
TENURE
1.3 yrs

Raleigh Finlayson

TITLE
MD & Director
COMPENSATION
A$2M
AGE
40
TENURE
6.7 yrs

Martin Reed

TITLE
Non-Executive Director
COMPENSATION
A$167K
AGE
69
TENURE
7.3 yrs

Samantha Tough

TITLE
Independent Non-Executive Director
COMPENSATION
A$120K
AGE
54
TENURE
6.2 yrs

John Richards

TITLE
Independent Non-Executive Director
COMPENSATION
A$20K
AGE
59
TENURE
0.6 yrs

Roric Smith

TITLE
Independent Non-Executive Director
COMPENSATION
A$120K
AGE
57
TENURE
2.4 yrs
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by Saracen Mineral Holdings individual insiders in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (A$) Value (A$)
01. Dec 19 Sell Van Eck Associates Corporation Company 14. Nov 19 25. Nov 19 -606,389 A$3.40 A$-51,420
01. Dec 19 Buy Van Eck Associates Corporation Company 15. Nov 19 26. Nov 19 19,541,431 A$3.06 A$55,954,238
27. Nov 19 Buy First Sentier Investors Holdings Pty Limited Company 24. Oct 19 15. Nov 19 3,183,015 A$3.58 A$11,409,144
26. Nov 19 Buy Anthony Kiernan Individual 25. Nov 19 25. Nov 19 20,000 A$3.07 A$61,350
26. Nov 19 Buy Roric Smith Individual 25. Nov 19 25. Nov 19 12,972 A$3.06 A$39,759
17. Nov 19 Sell Van Eck Associates Corporation Company 18. Jul 19 13. Nov 19 -786,596 A$3.93 A$-2,948,886
17. Nov 19 Buy Van Eck Associates Corporation Company 15. Jul 19 12. Nov 19 1,991,649 A$4.52 A$7,801,678
25. Oct 19 Buy First Sentier Investors Holdings Pty Limited Company 18. Oct 19 21. Oct 19 82,183 A$3.34 A$274,731
27. Oct 19 Sell BlackRock, Inc. Company 05. Sep 19 22. Oct 19 -3,504,130 A$3.74 A$-14,863
27. Oct 19 Buy BlackRock, Inc. Company 29. Aug 19 24. Oct 19 17,365,038 A$3.83 A$6,012
02. Oct 19 Sell First Sentier Investors (Australia) IM Ltd Company 15. Aug 19 27. Sep 19 -991,145 A$3.62 A$-3,586,070
02. Oct 19 Buy First Sentier Investors (Australia) IM Ltd Company 19. Aug 19 20. Sep 19 2,022,570 A$3.57 A$7,229,248
02. Sep 19 Sell Raleigh Finlayson Individual 28. Aug 19 29. Aug 19 -1,000,000 A$3.71 A$-3,710,000
29. Aug 19 Sell BlackRock, Inc. Company 22. May 19 28. Aug 19 -11,610,081 A$4.63 A$0
29. Aug 19 Buy BlackRock, Inc. Company 22. May 19 28. Aug 19 3,693,083 A$4.65 A$89,028
20. May 19 Sell Vinva Investment Management Company 15. May 19 16. May 19 -542,745 A$3.24 A$-1,760,406
15. Jul 19 Sell Van Eck Associates Corporation Company 16. May 19 05. Jul 19 -4,216,181 A$3.68 A$-15,469,555
15. Jul 19 Buy Van Eck Associates Corporation Company 08. May 19 10. Jul 19 3,034,860 A$3.69 A$10,541,249
22. May 19 Sell BlackRock, Inc. Company 02. Apr 19 21. May 19 -1,147,522 A$3.26 A$-19,643
22. May 19 Buy BlackRock, Inc. Company 03. Apr 19 21. May 19 9,258,248 A$3.27 A$213,214
16. May 19 Sell Vinva Investment Management Company 06. Feb 19 14. May 19 -8,600,481 A$2.84 A$-24,465,039
16. May 19 Buy Vinva Investment Management Company 06. Feb 19 14. May 19 67,614 A$3.22 A$217,460
12. May 19 Sell Van Eck Associates Corporation Company 18. Mar 19 18. Mar 19 -746 A$2.80 A$-2,090
12. May 19 Buy Van Eck Associates Corporation Company 05. Mar 19 07. May 19 13,994,635 A$2.82 A$38,525,951
02. Apr 19 Sell BlackRock, Inc. Company 08. Mar 19 26. Mar 19 -183,190 A$2.91 A$-52,730
02. Apr 19 Buy BlackRock, Inc. Company 11. Mar 19 01. Apr 19 8,324,546 A$2.99 A$0
10. Mar 19 Buy BlackRock, Inc. Company 21. Feb 19 07. Mar 19 9,539,957 A$2.93 A$36,167
10. Mar 19 Sell BlackRock, Inc. Company 25. Feb 19 07. Mar 19 -675,220 A$2.65 A$-330,709
05. Mar 19 Sell Van Eck Associates Corporation Company 19. Oct 18 21. Feb 19 -7,700,308 A$2.80 A$-21,586,156
05. Mar 19 Buy Van Eck Associates Corporation Company 07. Aug 18 21. Feb 19 10,506,789 A$2.81 A$27,108,244
21. Feb 19 Sell BlackRock, Inc. Company 09. Jan 19 20. Feb 19 -381,961 A$3.37 A$-65,503
21. Feb 19 Buy BlackRock, Inc. Company 10. Jan 19 20. Feb 19 9,439,816 A$3.39 A$42,491
14. Feb 19 Sell Vinva Investment Management Company 24. Sep 18 24. Jan 19 -297,989 A$2.74 A$-815,093
14. Feb 19 Buy Vinva Investment Management Company 24. Sep 18 24. Jan 19 29,814,620 A$2.59 A$77,142,535
07. Feb 19 Buy Vinva Investment Management Company 25. Jan 19 05. Feb 19 8,582,818 A$3.24 A$27,796,636
06. Feb 19 Sell Martin Reed Individual 01. Feb 19 01. Feb 19 -15,000 A$3.34 A$-50,100
25. Jan 19 Buy Samantha Tough Individual 25. Jan 19 25. Jan 19 1,718 A$2.91 A$4,999
14. Jan 19 Sell Wroxby Pty Ltd Company 07. Jan 19 10. Jan 19 -9,886,558 A$3.11 A$-29,905,836
09. Jan 19 Buy BlackRock, Inc. Company 10. Sep 18 08. Jan 19 20,310,319 A$3.15 A$17,256
21. Dec 18 Sell Paradice Investment Management Pty Ltd. Company 13. Dec 17 19. Dec 18 -3,354,419 A$2.38 A$-7,970,523
X
Management checks
We assess Saracen Mineral Holdings'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. Saracen Mineral Holdings 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

Don't Ignore The Fact That This Insider Just Sold Some Shares In Saracen Mineral Holdings Limited (ASX:SAR)

See our latest analysis for Saracen Mineral Holdings Saracen Mineral Holdings Insider Transactions Over The Last Year Notably, that recent sale by MD & Director Raleigh Finlayson was not the only time they sold Saracen Mineral Holdings shares this year. … Over the last year we saw more insider selling of Saracen Mineral Holdings shares, than buying. … ASX:SAR Recent Insider Trading, September 3rd 2019 Does Saracen Mineral Holdings Boast High Insider Ownership?

Simply Wall St -

Saracen Mineral Holdings Limited (ASX:SAR): Will The Growth Last?

The most recent earnings announcement Saracen Mineral Holdings Limited's (ASX:SAR) released in August 2019 indicated that the company experienced a robust tailwind, eventuating to a double-digit earnings growth of 22%. … Investors may find it useful to understand how market analysts view Saracen Mineral Holdings's earnings growth trajectory over the next few years and whether the future looks even brighter than the past. … ASX:SAR Past and Future Earnings, August 29th 2019 Although it’s useful to be aware of the rate of growth year by year relative to today’s level, it may be more beneficial determining the rate at which the business is moving every year, on average.

Simply Wall St -

What Should Investors Know About Saracen Mineral Holdings Limited's (ASX:SAR) Growth?

On 30 June 2019, Saracen Mineral Holdings Limited (ASX:SAR) released its earnings update. … Below is a brief commentary around Saracen Mineral Holdings's earnings outlook going forward, which may give you a sense of market sentiment for the company. … Future Earnings: How does Saracen Mineral Holdings's growth rate compare to its peers and the wider market?

Simply Wall St -

Do Directors Own Saracen Mineral Holdings Limited (ASX:SAR) Shares?

View our latest analysis for Saracen Mineral Holdings ASX:SAR Ownership Summary, August 14th 2019 What Does The Institutional Ownership Tell Us About Saracen Mineral Holdings? … We can see that Saracen Mineral Holdings does have institutional investors; and they hold 53% of the stock. … Private Company Ownership It seems that Private Companies own 5.8%, of the SAR stock.

Simply Wall St -

Is Saracen Mineral Holdings Limited's (ASX:SAR) ROE Of 17% Impressive?

Check out our latest analysis for Saracen Mineral Holdings How Do I Calculate Return On Equity? … The formula for ROE is: Return on Equity = Net Profit ÷ Shareholders' Equity Or for Saracen Mineral Holdings: 17% = AU$73m ÷ AU$428m (Based on the trailing twelve months to December 2018.) It's easy to understand the 'net profit' part of that equation, but 'shareholders' equity' requires further explanation. … Saracen Mineral Holdings's Debt And Its 17% ROE Saracen Mineral Holdings is free of net debt, which is a positive for shareholders.

Simply Wall St -

Saracen Mineral Holdings Limited (ASX:SAR) Has Attractive Fundamentals

In the case of Saracen Mineral Holdings Limited (ASX:SAR), there's is a financially-sound company with an impressive track record and a buoyant growth outlook. … Flawless balance sheet with high growth potential One reason why investors are attracted to SAR is its earnings growth potential in the near future of 33% underlying the notable 28% return on equity over the next few years leading up to 2022. … ASX:SAR Historical Debt, July 2nd 2019 Next Steps: For Saracen Mineral Holdings, I've put together three relevant factors you should further research: Valuation: What is SAR worth today?

Simply Wall St -

Is There An Opportunity With Saracen Mineral Holdings Limited's (ASX:SAR) 21% Undervaluation?

Today, we will estimate the stock's intrinsic value by estimating the company's future cash flows and discounting them to their present value. … Generally we assume that a dollar today is more valuable than a dollar in the future, so we need to discount the sum of these future cash flows to arrive at a present value estimate: 10-year free cash flow (FCF) estimate 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 Levered FCF (A$, Millions) A$60.83 A$155.53 A$185.23 A$209.14 A$229.48 A$246.69 A$261.36 A$274.05 A$285.26 A$295.41 Growth Rate Estimate Source Analyst x4 Analyst x3 Analyst x3 Est @ 12.9% Est @ 9.73% Est @ 7.5% Est @ 5.94% Est @ 4.86% Est @ 4.09% Est @ 3.56% Present Value (A$, Millions) Discounted @ 8.38% A$56.13 A$132.42 A$145.51 A$151.59 A$153.48 A$152.23 A$148.82 A$143.98 A$138.29 A$132.14 Present Value of 10-year Cash Flow (PVCF)= A$1.35b "Est" = FCF growth rate estimated by Simply Wall St The second stage is also known as Terminal Value, this is the business's cash flow after the first stage. … The Gordon Growth formula is used to calculate Terminal Value at a future annual growth rate equal to the 10-year government bond rate of 2.3%.

Simply Wall St -

How Many Saracen Mineral Holdings Limited (ASX:SAR) Shares Have Insiders Sold, In The Last Year?

All up, insiders sold more shares in Saracen Mineral Holdings than they bought, over the last year. … It appears that Saracen Mineral Holdings insiders own 0.9% of the company, worth about AU$24m. … It doesn't really mean much that no insider has traded Saracen Mineral Holdings shares in the last quarter.

Simply Wall St -

Here's What Saracen Mineral Holdings Limited's (ASX:SAR) P/E Is Telling Us

View our latest analysis for Saracen Mineral Holdings How Do I Calculate A Price To Earnings Ratio? … The formula for P/E is: Price to Earnings Ratio = Price per Share ÷ Earnings per Share (EPS) Or for Saracen Mineral Holdings: P/E of 35.84 = A$3.18 ÷ A$0.089 (Based on the year to December 2018.) Is A High Price-to-Earnings Ratio Good? … Saracen Mineral Holdings increased earnings per share by an impressive 21% over the last twelve months.

Simply Wall St -

The Saracen Mineral Holdings (ASX:SAR) Share Price Has Soared 778%, Delighting Many Shareholders

During the five years of share price growth, Saracen Mineral Holdings moved from a loss to profitability. … We can see that the Saracen Mineral Holdings share price is up 151% in the last three years. … ASX:SAR Past and Future Earnings, May 11th 2019 It is of course excellent to see how Saracen Mineral Holdings has grown profits over the years, but the future is more important for shareholders.

Simply Wall St -

Company Info

Description

Saracen Mineral Holdings Limited, a gold mining company, explores for and develops mineral properties in Australia. It explores for gold and nickel deposits. The company owns 100% interests in the Carosue Dam operations located to the north-east of Kalgoorlie, Western Australia; and Thunderbox operations located in the Yandal and the Agnew-Wiluna belts in the North Eastern Goldfields of Western Australia. Saracen Mineral Holdings Limited was incorporated in 1987 and is headquartered in Perth, Australia.

Details
Name: Saracen Mineral Holdings Limited
SAR
Exchange: ASX
Founded: 1987
A$3,137,398,168
1,070,784,358
Website: http://www.saracen.com.au
Address: Saracen Mineral Holdings Limited
40 The Esplanade,
Level 11,
Perth,
Western Australia, 6000,
Australia
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
ASX SAR Ordinary Shares Australian Securities Exchange AU AUD 02. Jan 1992
OTCPK SCEX.F Ordinary Shares Pink Sheets LLC US USD 02. Jan 1992
DB SIH Ordinary Shares Deutsche Boerse AG DE EUR 02. Jan 1992
CHIA SAR Ordinary Shares Chi-X Australia AU AUD 02. Jan 1992
ASX SARAO NPV DFD 13/12/19(EX-RIGHTS) Australian Securities Exchange AU AUD 11. Dec 2019
Number of employees
Current staff
Staff numbers
433
Saracen Mineral Holdings employees.
Industry
Gold
Materials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/12/11 10:33
End of day share price update: 2019/12/11 00:00
Last estimates confirmation: 2019/12/10
Last earnings filing: 2019/08/18
Last earnings reported: 2019/06/30
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.