Anvil Mining Limited Consensus Recommendation of 5 Analysts Buy
Consensus Target Price of 7 Analysts US$2.85
Metals & Mining
Latest Results /
Recent Developments
Head Office: Herdsman Business Park, Level 1, 76 Hasler Rd, Osborne Park, WA, Australia, 06017
Overseas Tel: 61-8-9481-4700 Overseas Fax: 61-8-9201-0125
Email: robertl@anvilmining.com Website: www.anvilmining.com
William S. Turner, CEO Craig R. Munro, CFO
Investor Relations: Robert La Vallière Tel: (514) 448-6664
Recent
Price Recent
Daily Vol. Annual Avg.
Daily Vol. 52-wk
range Shares
Outstanding Market
Capitalization IAD Ex-Dividend
Date
$0.98
at Apr 30/09 4,359,413
at Apr 30/09 530,307 $14.70 - $0.45 71,245,000
69,820,000 n.a. n.a.
Yield Listed Price/
Book P/E % Below
High Book
Value 12 mo.
EPS 3-yr.
Return 10-yr.
Beta
n.a. TSX/AVM n.a. n.a. 93.3% US$8.33 US$-1.95 -51.23% n.a.
Business: Operates Dikulushi copper-silver mine, Kulu copper mine and Kinsevere-Nambulwa copper-cobalt project, all Katanga province, Democratic Republic of Congo (DRC). Exploration interests are held in the DRC, Zambia and the Philippines.
Forecasts provided by I/B/E/S
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Consensus Recommendation of 5 Analysts Buy
Consensus Target Price of 7 Analysts US$2.85
Consensus Information - EPS US$
Periods Date # Ests. Mean High Low Up Down
Quarter Ending: Mar./09 3 -0.14 -0.07 -0.23 0 0
Quarter Ending: June/09 3 0.01 0.08 -0.03 0 1
Quarter Ending: Sept./09 3 0.00 0.09 -0.07 1 0
Quarter Ending: Dec./09 3 -0.03 0.00 -0.08 0 0
2009 Dec. 6 -0.15 0.02 -0.25 1 2
2010 Dec. 6 -0.02 0.28 -0.35 0 1
Consensus Information - Cash Flow Per Share US$
Periods Date # Ests. Mean High Low Up Down
Quarter Ending: Mar./09 2 0.01 0.02 -0.01 0 0
Quarter Ending: June/09 2 0.12 0.22 0.01 1 0
Quarter Ending: Sept./09 2 0.05 0.12 -0.03 1 0
Quarter Ending: Dec./09 2 0.02 0.02 0.01 0 0
2009 Dec. 7 0.22 0.47 0.01 1 1
2010 Dec. 7 0.45 1.52 -0.30 0 2
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Fiscal year ended Dec. 31
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Revenue Quarter 1 Quarter 2 Quarter 3 Quarter 4 Total
Fiscal Year US$000s US$000s US$000s US$000s US$000s
Dec 31/08 75,267 59,789 42,320
Dec 31/07 42,036 65,696 76,200 79,302 263,234
Dec 31/06 33,213 42,965 56,550 42,715 175,443
Dec 31/05 7,695 10,493 17,775 25,859 61,822
Dec 31/04 7,156 8,711
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EPS Quarter 1 Quarter 2 Quarter 3 Quarter 4 Total
Fiscal Year US$ US$ US$ US$ US$
Dec 31/08 0.30 0.12 (0.24)
Dec 31/07 0.37 0.58 0.55 0.29 1.81
Dec 31/06 0.26 0.42 0.54 0.36 1.65
Dec 31/05 (0.06) 0.01 0.10 0.21 0.26
Dec 31/04 1.50 (1.46)
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Latest Dividend Declared n.a.
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Short Position 180,253 (Apr. 15/09)
158,444 (Mar. 31/09)
Top 3 In Industry (by Market Capitalization)
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Market
Capitalization Yield P/E
Barrick Gold Corporation $30,169,995,264 1.40% 37.50
Goldcorp Inc. $23,808,090,112 0.70% 12.90
Kinross Gold Corporation $12,127,070,208 0.50% n.a.
Dupont Model
2008 ‡ 2007 2006 2005 2004 2003 2002
Income/Sales (75.18) 49.53 52.87 14.63 ... 23.00 (7.62)
Sales/Assets 0.36 0.38 0.44 0.71 ... 0.91 0.69
Assets/Equity 1.17 1.16 1.44 1.66 ... 1.56 2.29
Return on Equity (26.44) 26.88 49.41 15.77 ... 44.71 n.m.
‡ Preliminary
Screens
2008 ‡ 2007 2006 2005 2004 2003 2002
Earnings per Share $ (1.95) 1.81 1.65 0.26 ... 0.31 (0.04)
Earnings Growth % (207.73) 9.70 534.62 251.35 ... 790.32 n.a.
Avg. Price/Sales 1.43 3.35 2.23 2.08 ... 2.41 n.a.
Avg. Price/Earnings n.m. 7.54 4.77 17.15 ... 11.60 n.m.
Avg. Price/Cash Flow n.a. 7.16 5.24 13.04 ... 15.17 n.a.
Avg. Price/Book Value n.a. 1.78 1.55 2.56 ... 4.11 n.a.
Tangible Book Value/Sh $ n.a. 8.33 4.92 1.76 ... 0.84 n.a.
Cash Flow/Share $ 1.20 1.91 1.50 0.34 ... 0.23 n.a.
Capital Expenditures/Sh $ n.a. 1.74 1.01 0.81 ... 0.43 n.a.
Earnings Yield % n.a. 13.26 20.98 5.83 ... 8.62 n.a.
Estimated Payback (yrs) n.m. 4.62 3.03 8.86 ... 4.92 n.m.
Price - Fiscal High $ 15.92 20.31 12.34 7.45 ... 5.05 n.a.
Price - Fiscal Low $ 0.45 9.00 5.50 3.35 ... 4.50 n.a.
‡ Preliminary
Safety
2008 ‡ 2007 2006 2005 2004 2003 2002
Free Cash Flow/Share $ n.a. 0.17 0.49 (0.47) ... (0.19) n.a.
Cash Flow/Total Debt % n.m. nil 621.54 92.72 ... 75.54 14.63
Current Ratio 4.64 12.69 2.90 1.31 ... 1.43 0.51
Acid Test (Quick Ratio) n.a. 10.98 2.55 0.86 ... 1.08 0.27
Acct. Rec./Acct. Pay. n.a. 2.63 2.07 0.99 ... 0.27 0.20
Working Cap./Total Assets % 26.00 53.42 34.14 6.50 ... 10.47 (20.58)
Long-term Debt/Common Equity 0.00 nil 0.01 0.09 ... 0.13 0.28
Total Debt/Common Equity 0.00 nil 0.04 0.20 ... 0.29 0.65
Cash Flow/Net Inc. bef. Disc. n.m. 1.05 0.91 1.31 ... 0.76 n.m.
Interest Coverage n.a. 62.96 22.44 2.86 ... 4.12 0.03
ROE/ROA n.m. 1.11 1.25 0.82 ... 1.19 n.a.
‡ Preliminary
Earnings Quality Model
2008 ‡ 2007 2006 2005 2004 2003 2002
EBIT Margin % n.a. 53.62 57.62 22.53 ... 30.55 0.21
Asset Turnover 0.36 0.38 0.44 0.71 ... 0.91 0.69
Interest Burden % n.a. 0.33 1.12 5.56 ... 6.73 5.40
Retention % 91.80 93.85 96.03 99.81 ... 99.39 n.m.
Leverage 1.17 1.16 1.44 1.66 ... 1.56 2.29
Book Value/Share $ n.a. 8.33 4.93 1.82 ... 0.87 n.a.
Apparent Tax Rate % 8.20 6.15 3.97 0.19 ... 0.61 nil
‡ Preliminary
Growth Rates %
2008 ‡ 2007 2006 2005 2004 2003 2002
Sales (27.35) 50.04 183.79 94.81 ... 179.54 n.a.
Sustainable (26.44) 26.88 49.41 15.77 ... 44.71 n.a.
Cash Flow (65.53) 65.35 655.60 358.54 ... 634.44 n.a.
Book Value/Share n.a. 68.74 171.57 57.48 ... n.a. n.a.
‡ Preliminary
Profitability & Efficiency %
2008 ‡ 2007 2006 2005 2004 2003 2002
Operating Margin n.a. 60.83 58.76 31.89 ... 34.75 8.10
Pre-tax Margin (81.97) 52.77 55.06 14.65 ... 23.15 (7.62)
Net Profit Margin (75.18) 49.53 52.87 14.63 ... 23.00 (7.62)
Return on Equity (26.44) 26.88 49.41 15.77 ... 44.71 n.m.
Return on Assets (23.54) 24.28 39.63 19.29 ... 37.51 n.a.
Return on Inv. Capital (23.56) 29.98 54.65 24.40 ... 47.09 n.a.
‡ Preliminary
Other Ratios
2008 ‡ 2007 2006 2005 2004 2003 2002
Sales/Receivables n.a. 5.52 9.35 12.25 ... 30.14 n.a.
Sales/Inventory n.a. 10.48 13.83 9.61 ... 17.60 n.a.
Sales/Fixed Assets 0.75 1.80 3.73 2.40 ... 2.20 n.a.
Sales/Cash & Equiv. n.a. 1.21 2.15 9.89 ... 7.11 n.a.
‡ Preliminary
Latest Results: Periods ended: 12m Dec 31/08 ‡ 12m Dec 31/07
US$000 %Chg US$000
Operating revenue 191,240 -27 263,234
Net income (138,537) n.a. 117,164
US$ US$
Earnings per share* (1.95) 1.81
* Common
‡ Preliminary
Poor results were due to higher operating costs mainly at the Dikulushi and Mutoshi mines and lower production and realized copper prices.
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