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Serabi Gold

AIM:SRB
Snowflake Description

Excellent balance sheet and fair value.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
SRB
AIM
£30M
Market Cap
  1. Home
  2. GB
  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 149 days ago. More info.


Add to Portfolio Compare Print
  • Serabi Gold has significant price volatility in the past 3 months.
SRB Share Price and Events
7 Day Returns
7.3%
AIM:SRB
3.2%
GB Metals and Mining
1.7%
GB Market
1 Year Returns
30.4%
AIM:SRB
-26%
GB Metals and Mining
-21.8%
GB Market
SRB Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Serabi Gold (SRB) 7.3% -37.2% -32.7% 30.4% -51% -42.8%
GB Metals and Mining 3.2% -7.3% -22.4% -26% -7.3% 10.1%
GB Market 1.7% -12% -25.3% -21.8% -22.8% -22.4%
1 Year Return vs Industry and Market
  • SRB outperformed the Metals and Mining industry which returned -26% over the past year.
  • SRB outperformed the Market in United Kingdom of Great Britain and Northern Ireland which returned -21.8% over the past year.
Price Volatility
SRB
Industry
5yr Volatility vs Market

SRB 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.

AIM:SRB 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 6.2%
Perpetual Growth Rate 10-Year GB Government Bond Rate 0.5%

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 AIM:SRB
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year GB Govt Bond Rate 0.5%
Equity Risk Premium S&P Global 6.1%
Metals and Mining Unlevered Beta Simply Wall St/ S&P Global 0.78
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.782 (1 + (1- 19%) (18.55%))
0.933
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.93
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.53% + (0.933 * 6.07%)
6.19%

Discounted Cash Flow Calculation for AIM:SRB 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 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.

AIM:SRB DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 6.19%)
2020 5.60 Est @ 8.6% 5.28
2021 5.95 Est @ 6.18% 5.27
2022 6.21 Est @ 4.48% 5.19
2023 6.42 Est @ 3.3% 5.05
2024 6.58 Est @ 2.47% 4.87
2025 6.70 Est @ 1.89% 4.67
2026 6.80 Est @ 1.48% 4.47
2027 6.88 Est @ 1.19% 4.26
2028 6.95 Est @ 0.99% 4.05
2029 7.01 Est @ 0.86% 3.84
Present value of next 10 years cash flows $46.00
AIM:SRB DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= $7.01 × (1 + 0.53%) ÷ (6.19% – 0.53%)
$124.45
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $124.45 ÷ (1 + 6.19%)10
$68.24
AIM:SRB Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $46.00 + $68.24
$114.24
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $114.24 / 58.91
$1.94
AIM:SRB Discount to Share Price
Calculation Result
Exchange Rate USD/GBP
(Reporting currency to currency of AIM:SRB)
0.81
Value per Share
(GBP)
= Value per Share in USD x Exchange Rate (USD/GBP)
= $1.94 x 0.81
£1.57
Value per share (GBP) From above. £1.57
Current discount Discount to share price of £0.52
= -1 x (£0.52 - £1.57) / £1.57
67.2%

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

Current Discount
Amount off the current price Serabi Gold is available for.
Intrinsic value
>50%
Share price is £0.52 vs Future cash flow value of £1.57
Current Discount Checks
For Serabi Gold to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Serabi Gold's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Serabi Gold'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 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
AIM:SRB PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-09-30) in USD $0.00
AIM:SRB Share Price ** AIM (2020-04-08) in GBP £0.52
AIM:SRB Share Price converted to USD reporting currency Exchange rate (GBP/ USD) 1.234 $0.64
United Kingdom of Great Britain and Northern Ireland Metals and Mining Industry PE Ratio Median Figure of 34 Publicly-Listed Metals and Mining Companies 7.51x
United Kingdom of Great Britain and Northern Ireland Market PE Ratio Median Figure of 748 Publicly-Listed Companies 13x

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

** Primary Listing of Serabi Gold.

AIM:SRB PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

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

= 0.64 ÷ 0.00

-215.22x

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 GB Metals and Mining industry average.
  • Serabi Gold is loss making, we can't compare the value of its earnings to the United Kingdom of Great Britain and Northern Ireland market.
Price based on expected Growth
Does Serabi Gold's expected growth come at a high price?
Raw Data
AIM:SRB PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -215.22x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts
Not available
United Kingdom of Great Britain and Northern Ireland Metals and Mining Industry PEG Ratio Median Figure of 25 Publicly-Listed Metals and Mining Companies 0.52x
United Kingdom of Great Britain and Northern Ireland Market PEG Ratio Median Figure of 518 Publicly-Listed Companies 1.02x

*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
AIM:SRB PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-09-30) in USD $1.15
AIM:SRB Share Price * AIM (2020-04-08) in GBP £0.52
AIM:SRB Share Price converted to USD reporting currency Exchange rate (GBP/ USD) 1.234 $0.64
United Kingdom of Great Britain and Northern Ireland Metals and Mining Industry PB Ratio Median Figure of 118 Publicly-Listed Metals and Mining Companies 0.83x
United Kingdom of Great Britain and Northern Ireland Market PB Ratio Median Figure of 1,323 Publicly-Listed Companies 1.13x
AIM:SRB PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 0.64 ÷ 1.15

0.56x

* 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 GB 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 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.

SRB Future Performance

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

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
21.6%
Expected annual growth in revenue.
Earnings growth vs Low Risk Savings
Is Serabi Gold expected to grow at an attractive rate?
  • Unable to compare Serabi Gold's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Serabi Gold's earnings growth to the United Kingdom of Great Britain and Northern Ireland market average as no estimate data is available.
  • Serabi Gold's revenue growth is expected to exceed the United Kingdom of Great Britain and Northern Ireland market average.
Annual Growth Rates Comparison
Raw Data
AIM:SRB Future Growth Rates Data Sources
Data Point Source Value (per year)
AIM:SRB Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 1 Analysts 21.6%
United Kingdom of Great Britain and Northern Ireland Metals and Mining Industry Earnings Growth Rate Market Cap Weighted Average 6.5%
United Kingdom of Great Britain and Northern Ireland Metals and Mining Industry Revenue Growth Rate Market Cap Weighted Average 0.8%
United Kingdom of Great Britain and Northern Ireland Market Earnings Growth Rate Market Cap Weighted Average 15.6%
United Kingdom of Great Britain and Northern Ireland Market Revenue Growth Rate Market Cap Weighted Average 2.5%

*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
AIM:SRB Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (6 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.
AIM:SRB Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2022-12-31 109 31 1
2021-12-31 96 24 1
2020-12-31 78 25 1
2020-04-08
2019-12-31 59 18 1
AIM:SRB Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-09-30 54 13 0
2019-06-30 47 7 -4
2019-03-31 47 5 -4
2018-12-31 43 2 -6
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

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Serabi Gold is high growth as no earnings estimate data is available.
  • 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
AIM:SRB Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (6 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 6 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

AIM:SRB Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2022-12-31
2021-12-31
2020-12-31
2020-04-08
2019-12-31
AIM:SRB Past Financials Data
Date (Data in USD Millions) EPS *
2019-09-30 0.00
2019-06-30 -0.06
2019-03-31 -0.07
2018-12-31 -0.11
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

*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 Kingdom of Great Britain and Northern Ireland market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United Kingdom of Great Britain and Northern Ireland 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 2/6, 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.

SRB 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 and their year on year earnings growth rate was negative 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 GB 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 6 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

AIM:SRB Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-09-30 53.98 -0.17 5.96
2019-06-30 47.15 -3.55 5.95
2019-03-31 46.56 -4.22 5.91
2018-12-31 43.26 -5.75 5.87
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

*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.
  • Serabi Gold used its assets less efficiently than the GB Metals and Mining industry average last year based on Return on Assets.
  • 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.

SRB 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's short term (1 year) commitments are greater than 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 3.7x 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 6 months ago.

AIM:SRB Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-09-30 67.46 6.86 13.44
2019-06-30 71.45 5.90 12.37
2019-03-31 70.16 6.06 12.13
2018-12-31 69.11 6.35 9.22
2018-09-30 69.66 6.34 15.20
2018-06-30 74.47 6.61 21.05
2018-03-31 60.61 7.21 6.70
2017-12-31 60.77 4.48 4.09
2017-09-30 64.60 4.42 9.75
2017-06-30 61.89 1.37 3.83
2017-03-31 64.80 1.37 3.41
2016-12-31 63.38 1.79 4.16
2016-09-30 60.74 4.69 3.12
2016-06-30 57.57 11.45 4.77
2016-03-31 52.52 11.20 4.41
2015-12-31 46.78 10.65 2.19
2015-09-30 46.23 13.62 3.81
2015-06-30 58.01 14.38 4.48
2015-03-31 56.20 13.15 5.79
2014-12-31 66.92 15.51 9.81
2014-09-30 69.89 8.64 6.72
2014-06-30 77.35 3.68 5.92
2014-03-31 77.18 0.46 11.62
2013-12-31 60.03 3.19 3.79
2013-09-30 65.18 0.41 7.95
2013-06-30 58.93 0.37 13.99
  • Serabi Gold's level of debt (10.1%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (12.6% vs 10.1% 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 -47% 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.

SRB 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
AIM:SRB 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 Kingdom of Great Britain and Northern Ireland Metals and Mining Industry Average Dividend Yield Market Cap Weighted Average of 21 Stocks 9.3%
United Kingdom of Great Britain and Northern Ireland Market Average Dividend Yield Market Cap Weighted Average of 588 Stocks 5.5%
United Kingdom of Great Britain and Northern Ireland Minimum Threshold Dividend Yield 10th Percentile 1.3%
United Kingdom of Great Britain and Northern Ireland Bottom 25% Dividend Yield 25th Percentile 2.5%
United Kingdom of Great Britain and Northern Ireland Top 25% Dividend Yield 75th Percentile 6.9%

Industry and Market average data is calculated daily.

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

AIM:SRB Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2022-12-31
2021-12-31 0.00 1.00
2020-12-31 0.00 1.00
2020-04-08
2019-12-31 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 Kingdom of Great Britain and Northern Ireland.
X
Income/ dividend checks
We assess Serabi Gold's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.3%) - 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.

SRB 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 $466,814
AGE 57
TENURE AS CEO 12.7 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 increased whilst company is loss making.
  • Mike's remuneration is higher than average for companies of similar size in United Kingdom of Great Britain and Northern Ireland.
Management Team Tenure

Average tenure of the Serabi Gold management team in years:

12.7
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
$467K
AGE
57
TENURE
12.7 yrs

Clive Line

TITLE
CFO, Finance Director
COMPENSATION
$388K
AGE
58
TENURE
15.3 yrs

Roney Almeida

TITLE
Chief Operating Officer
TENURE
1.6 yrs
Board of Directors Tenure

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

6.9
Average Tenure
58
Average Age
  • The tenure for the Serabi Gold board of directors is about average.
Board of Directors

Mel Williams

TITLE
Non-Executive Chairman
COMPENSATION
$68K
AGE
70
TENURE
2.8 yrs

Mike Hodgson

TITLE
CEO & Director
COMPENSATION
$467K
AGE
57
TENURE
13.2 yrs

Clive Line

TITLE
CFO, Finance Director
COMPENSATION
$388K
AGE
58
TENURE
15.1 yrs

Felipe Swett Lira

TITLE
Non-Executive Director
COMPENSATION
$52K
AGE
40
TENURE
5.6 yrs

Terence Harvey

TITLE
Non-Executive Director
COMPENSATION
$61K
AGE
60
TENURE
9.1 yrs

Eduardo Rosselot Risopatron

TITLE
Non-Executive Director
COMPENSATION
$107K
AGE
59
TENURE
7.5 yrs

Nicolas Ramon Lyon

TITLE
Non-Executive Director
COMPENSATION
$49K
AGE
42
TENURE
6.9 yrs

Hector Olate

TITLE
Non-Executive Independent Director
COMPENSATION
$46K
AGE
58
TENURE
5.8 yrs

Mark Sawyer

TITLE
Non-Executive Director
COMPENSATION
$26K
AGE
50
TENURE
2.1 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 (£) 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.

SRB News

Simply Wall St News

How Much Did Serabi Gold plc's (LON:SRB) CEO Pocket Last Year?

We looked at a group of companies with market capitalizations under US$200m, and the median CEO total compensation was US$308k. … Thus we can conclude that Mike Hodgson receives more in total compensation than the median of a group of companies in the same market, and of similar size to Serabi Gold plc. … We compared the total CEO remuneration paid by Serabi Gold plc, and compared it to remuneration at a group of similar sized companies.

Simply Wall St -

Is Serabi Gold (LON:SRB) Using Debt In A Risky Way?

We note that Serabi Gold plc (LON:SRB) does have debt on its balance sheet. … AIM:SRB Historical Debt, July 31st 2019 A Look At Serabi Gold's Liabilities According to the last reported balance sheet, Serabi Gold had liabilities of US$21.8m due within 12 months, and liabilities of US$4.93m due beyond 12 months. … While it does have liabilities worth noting, Serabi Gold also has more cash than debt, so we're pretty confident it can manage its debt safely.

Simply Wall St -

How Serabi Gold plc (LON:SRB) Can Impact Your Portfolio Volatility

If you're interested in Serabi Gold plc (LON:SRB), then you might want to consider its beta (a measure of share price volatility) in order to understand how the stock could impact your portfolio. … Some investors use beta as a measure of how much a certain stock is impacted by market risk (volatility). … What this means for you: Since Serabi Gold tends to moves up when the market is going up, and down when it's going down, potential investors may wish to reflect on the overall market, when considering the stock.

Simply Wall St -

If You Had Bought Serabi Gold (LON:SRB) Stock Five Years Ago, You'd Be Sitting On A 73% Loss, Today

See our latest analysis for Serabi Gold Serabi Gold isn't currently profitable, so most analysts would look to revenue growth to get an idea of how fast the underlying business is growing. … AIM:SRB Income Statement, May 31st 2019 If you are thinking of buying or selling Serabi Gold stock, you should check out this FREE detailed report on its balance sheet. … You could get a better understanding of Serabi Gold's growth by checking out this more detailed historical graph of earnings, revenue and cash flow.

Simply Wall St -

Why Serabi Gold plc's (LON:SRB) CEO Pay Matters To You

This report will, first, examine the CEO compensation levels in comparison to CEO compensation at companies of similar size. … How Does Mike Hodgson's Compensation Compare With Similar Sized Companies. … Our data indicates that Serabi Gold plc is worth UK£23m, and total annual CEO compensation is US$463k.

Simply Wall St -

Should You Worry About Serabi Gold plc's (LON:SRB) CEO Salary Level?

Mike Hodgson became the CEO of Serabi Gold plc (LON:SRB) in 2007. … At the time of writing our data says that Serabi Gold plc has a market cap of UK£24m, and is paying total annual CEO compensation of US$463k. … It would therefore appear that Serabi Gold plc pays Mike Hodgson more than the median CEO remuneration at companies of a similar size, in the same market

Simply Wall St -

Is Serabi Gold plc's (LON:SRB) Balance Sheet A Threat To Its Future?

Serabi Gold plc (LON:SRB) is a small-cap stock with a market capitalization of US$32.32m. … 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 -

Is Serabi Gold plc's (LON:SRB) Balance Sheet Strong Enough To Weather A Storm?

SRB has built up its total debt levels in the last twelve months, from US$3.04M to US$5.60M , which comprises of short- and long-term debt. … On top of this, SRB has produced US$8.24M in operating cash flow during the same period of time, leading to an operating cash to total debt ratio of 147.34%, signalling that SRB’s debt is appropriately covered by operating cash. … SRB's risk around capital structure is almost non-existent, and the company has the headroom and ability to raise debt should it need to in the future.Next Steps: SRB’s high cash coverage and low debt levels indicate its ability to utilise its borrowings efficiently in order to generate ample cash flow.

Simply Wall St -

With A Recent ROE Of 3.39%, Can Serabi Gold plc (LON:SRB) Catch Up To Its Industry?

Check out our latest analysis for Serabi Gold Breaking down ROE — the mother of all ratios Return on Equity (ROE) weighs Serabi Gold’s profit against the level of its shareholders’ equity. … Given a discrepancy of -6.68% between return and cost, this indicated that Serabi Gold may be paying more for its capital than what it’s generating in return. … This is called the Dupont Formula: Dupont Formula ROE = profit margin × asset turnover × financial leverage ROE = (annual net profit ÷ sales) × (sales ÷ assets) × (assets ÷ shareholders’ equity) ROE = annual net profit ÷ shareholders’ equity AIM:SRB Last Perf Mar 7th 18 Basically, profit margin measures how much of revenue trickles down into earnings which illustrates how efficient the business is with its cost management.

Simply Wall St -

Top Undervalued Stocks This Week

Stocks, such as Serabi Gold and Dixons Carphone, are trading at a value below what they may actually be worth. … SRB's shares are now hovering at around -85% under its value of $0.22, at a price of $0.03, based on its expected future cash flows. … HIK's shares are currently hovering at around -41% below its true value of $14.6, at the market price of $8.62, according to my discounted cash flow model.

Simply Wall St -

SRB Company Info

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 48,846 hectares; and the Coringa gold project located in the Tapajos region of northern Brazil. The company was formerly known as Serabi Mining Limited and changed its name to Serabi Gold plc in October 2011. Serabi Gold plc was founded in 1999 and is headquartered in London, the United Kingdom.

Details
Name: Serabi Gold plc
SRB
Exchange: AIM
Founded: 1999
£30,338,418
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
397
Serabi Gold employees.
Industry
Gold
Materials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/08 22:03
End of day share price update: 2020/04/08 00:00
Last estimates confirmation: 2020/03/26
Last earnings filing: 2019/11/11
Last earnings reported: 2019/09/30
Last annual earnings reported: 2018/12/31


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.