Taung Gold International Limited (0621) AI Stock Analysis

• Market Cap: HK$943.88M
• Dividend Yield: N/A
• Average Volume (3M): 4.20M
• Price to Earnings (P/E): ―
• Beta (1Y): 0.16
• Revenue Growth: N/A
• EPS Growth: -16.04%
• Country: HK
• Employees: 24
• Sector: Basic Materials
• Sector Strength: 60
• Industry: Gold
• EPS (TTM): >-0.01
• Shares Outstanding: 1,815,147,200
• 10 Day Avg. Volume: 1,923,180
• 30 Day Avg. Volume: 4,203,463
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• P/FCF Ratio: N/A
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0

• Rating: 47 Neutral
• Price Target: ―

The company's stock score is primarily impacted by significant financial challenges, including zero revenue and negative cash flows. While its balance sheet shows financial stability with low debt, the lack of operational efficiency and revenue generation raises concerns. Technical analysis suggests some positive price trends, but valuation metrics highlight potential overvaluation and financial distress.

Taung Gold International Limited Business Overview & Revenue Model

Company Description

Taung Gold International Limited, an investment holding company, engages in the exploration, development, and mining of gold and associated minerals in the Republic of South Africa and Hong Kong. Its flagship properties include the Evander project, which comprises the No. 6 Shaft and adjacent Twistdraai area further to the south located east-south-east of Johannesburg; and Jeanette project situated in the Free State province of South Africa. The company is also involved in trading minerals. Taung Gold International Limited was incorporated in 2004 and is headquartered in Tsuen Wan, Hong Kong.

How the Company Makes Money

Taung Gold International Limited generates revenue through the exploration and mining of gold. Its primary revenue stream comes from the sale of refined gold extracted from its mining operations. The company focuses on projects with high potential yields, investing in advanced mining technology and efficient processing methods to maximize output. Additionally, strategic partnerships with local and international entities can enhance operational capabilities and expand market reach. The company's earnings are further influenced by global gold prices, operational efficiencies, and the successful development of its mining projects.

Taung Gold International Limited Financial Statement Overview

Summary

Taung Gold International Limited faces significant financial hurdles, especially in generating revenue and profits. While the balance sheet remains solid due to low debt and substantial equity, the persistent negative cash and income metrics raise concerns about long-term viability. Strategic improvements in operations and revenue generation are crucial for future stability.

Income Statement

The company has consistently shown zero revenue over the past years, indicative of stalled operations or a lack of sales. Net and gross profit margins cannot be calculated due to zero revenue. EBIT and EBITDA margins are negative, reflecting ongoing operational losses. The lack of revenue growth and negative net income suggest significant financial challenges.

Balance Sheet

The company's balance sheet indicates a strong equity base with a high equity ratio, suggesting financial stability. The debt-to-equity ratio is very low, implying minimal leverage, which reduces financial risk. However, the reduction in stockholders' equity over the recent years may need monitoring.

Cash Flow

The cash flow statement reveals negative free and operating cash flows, highlighting cash outflows exceeding inflows. The free cash flow to net income ratio is unfavorable, indicating inefficiencies in converting profits into cash. Despite this, cash reserves remain significant, providing a buffer against cash flow issues.

Breakdown	TTM	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019
Income Statement
Total Revenue	0.00	0.00	0.00	0.00	0.00	0.00
Gross Profit	0.00	0.00	-1.46M	-1.23M	-3.06M	-3.01M
EBITDA	-25.34K	-19.16M	-22.55M	68.49M	-26.24M	-38.04M
Net Income	-7.41M	-19.17M	-27.11M	45.15M	-526.23M	-41.36M
Balance Sheet
Total Assets	2.84B	2.68B	2.84B	3.44B	3.31B	3.34B
Cash, Cash Equivalents and Short-Term Investments	84.18M	108.87M	136.71M	163.17M	163.14M	199.59M
Total Debt	1.09M	1.79M	282.00K	1.47M	282.00K	1.61M
Total Liabilities	20.37M	27.28M	19.95M	19.68M	22.63M	20.07M
Stockholders Equity	2.26B	2.13B	2.25B	2.74B	2.64B	2.67B
Cash Flow
Free Cash Flow	-14.36M	-28.68M	2.92M	-28.93M	-37.39M	-49.47M
Operating Cash Flow	-9.06M	-18.08M	2.92M	-20.99M	-31.32M	-40.95M
Investing Cash Flow	-5.21M	-10.41M	0.00	22.79M	-4.20M	-5.86M
Financing Cash Flow	-628.23K	-1.25M	-1.23M	-1.18M	-1.37M	-973.00K

Taung Gold International Limited Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 0.53
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:0621, the sentiment is Negative. The current price of 0.53 is above the 20-day moving average (MA) of 0.53, below the 50-day MA of 0.58, and above the 200-day MA of 0.52, indicating a neutral trend. The MACD of -0.01 indicates Negative momentum. The RSI at 41.91 is Neutral, neither overbought nor oversold. The STOCH value of 42.35 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:0621.

Taung Gold International Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
0621	47 Neutral	HK$943.88M	―	-1.05%	―	―	-16.04%
Sector *	44 Neutral	AU$1.54B	-7.28	-22.62%	4.34%	-3.13%	-36.41%
ZHAOF	―	$10.06B	47.19	11.20%	0.29%	―	―
INU1	―		―		―	―	―
LI9	―	€1.67B	17.28	22.79%	―	―	―
8299	50 Neutral	HK$1.73B	25.33	12.45%	―	94.75%	5.75%
6693	―	HK$44.77B	19.14	23.80%	0.69%	―	―

Taung Gold International Limited Corporate Events

Taung Gold International Limited Appoints Deloitte as New Auditor

Taung Gold International Limited announced a change of auditor, with Baker Tilly resigning and Deloitte Touche Tohmatsu appointed as the new auditor effective April 15, 2025. This strategic move aligns with the company’s future business plans and aims to enhance auditing standards and internal controls, addressing shareholder concerns and improving the company’s governance and financial reporting systems.