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Adavale Resources

ASX:ADD
Snowflake Description

Weak fundamentals or lack of information.

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

Adavale Resources Limited engages in the mining exploration and development activities in Australia and Indonesia. The last earnings update was 36 days ago. More info.


Add to Portfolio Compare Print
ADD Share Price and Events
7 Day Returns
0%
ASX:ADD
0.2%
AU Oil and Gas
0.3%
AU Market
1 Year Returns
-
ASX:ADD
3.4%
AU Oil and Gas
5.2%
AU Market
ADD Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Adavale Resources (ADD) 0% 0% - - -44.4% -90%
AU Oil and Gas 0.2% -3.5% 5.1% 3.4% 35% -32.6%
AU Market 0.3% 1% 7.2% 5.2% 19.2% 4.9%
1 Year Return vs Industry and Market
  • No trading data on ADD.
  • No trading data on ADD.
Price Volatility
ADD
Industry
5yr Volatility vs Market

Value

 Is Adavale Resources undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.

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

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

Show me the analysis anyway

INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
  • It is not possible to calculate the future cash flow value for Adavale Resources. This is due to cash flow or dividend data being unavailable. The share price is A$0.01.
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 Adavale Resources's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Adavale Resources's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
ASX:ADD PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in AUD A$-0.01
ASX:ADD Share Price ** ASX (2019-03-28) in AUD A$0.01
Australia Oil and Gas Industry PE Ratio Median Figure of 23 Publicly-Listed Oil and Gas Companies 7.88x
Australia Market PE Ratio Median Figure of 544 Publicly-Listed Companies 16.05x

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

** Primary Listing of Adavale Resources.

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

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

= 0.01 ÷ -0.01

-1.55x

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

  • Adavale Resources is loss making, we can't compare its value to the AU Oil and Gas industry average.
  • Adavale Resources is loss making, we can't compare the value of its earnings to the Australia market.
Price based on expected Growth
Does Adavale Resources's expected growth come at a high price?
Raw Data
ASX:ADD PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -1.55x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
Australia Oil and Gas Industry PEG Ratio Median Figure of 17 Publicly-Listed Oil and Gas Companies 0.25x
Australia Market PEG Ratio Median Figure of 361 Publicly-Listed Companies 1.36x

*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 Adavale Resources, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Adavale Resources's assets?
Raw Data
ASX:ADD PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in AUD A$-0.01
ASX:ADD Share Price * ASX (2019-03-28) in AUD A$0.01
Australia Oil and Gas Industry PB Ratio Median Figure of 144 Publicly-Listed Oil and Gas Companies 1.31x
Australia Market PB Ratio Median Figure of 1,676 Publicly-Listed Companies 1.69x
ASX:ADD PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 0.01 ÷ -0.01

-0.91x

* Primary Listing of Adavale Resources.

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

  • Adavale Resources has negative assets, we can't compare the value of its assets to the AU Oil and Gas industry average.

Next steps:

  1. When valuing a company like this, investors focus more on how they perceive the potential returns from the core activities, the size of each contract's opportunity, and the capacity of the team. While we are not analysing this type of data at the moment, if you don’t know where to start, we recommend reading through Adavale Resources's regulatory filings and announcements.
  2. Show me more potentially undervalued companies in the Oil and Gas industry
  3. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Value checks
We assess Adavale Resources's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Oil and Gas 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 Oil and Gas industry average (and greater than 0)? (1 check)
  5. Adavale Resources has a total score of 0/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Adavale Resources expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

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

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

Show me the analysis anyway

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
4.6%
Expected Oil and Gas industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Adavale Resources expected to grow at an attractive rate?
  • Unable to compare Adavale Resources's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Adavale Resources's earnings growth to the Australia market average as no estimate data is available.
  • Unable to compare Adavale Resources's revenue growth to the Australia market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
ASX:ADD Future Growth Rates Data Sources
Data Point Source Value (per year)
Australia Oil and Gas Industry Earnings Growth Rate Market Cap Weighted Average 4.6%
Australia Oil and Gas Industry Revenue Growth Rate Market Cap Weighted Average 2.8%
Australia Market Earnings Growth Rate Market Cap Weighted Average 6.6%
Australia Market Revenue Growth Rate Market Cap Weighted Average 3.2%

*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:ADD Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in AUD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
ASX:ADD Past Financials Data
Date (Data in AUD Millions) Revenue Cash Flow Net Income *
2018-12-31 0 -1
2018-09-30 0 -1
2018-06-30 0 -1
2017-12-31 0 -1
2017-09-30 0 0
2017-06-30 0 0
2016-12-31 0 0 0
2016-09-30 0 0 0
2016-06-30 0 0 0
2016-03-31 0 0 0

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Adavale Resources is high growth as no earnings estimate data is available.
  • Unable to determine if Adavale Resources is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
ASX:ADD Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

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

ASX:ADD Past Financials Data
Date (Data in AUD Millions) EPS *
2018-12-31 -0.01
2018-09-30 -0.01
2018-06-30 -0.01
2017-12-31 -0.01
2017-09-30 -0.01
2017-06-30 -0.01
2016-12-31 -0.01
2016-09-30 -0.01
2016-06-30 -0.01
2016-03-31 -0.02

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Adavale Resources will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Adavale Resources's future outlook can be gauged by looking at industry trends and market size, and determining how well-positioned the company is compared to its competitors. Take a look at other high-growth Energy companies here
  2. Adavale Resources's competitive advantages and company strategy can generally be found in its financial reports archived here.
  3. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Future performance checks
We assess Adavale Resources's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Australia market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Australia market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Adavale Resources has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Adavale Resources performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Adavale Resources's growth in the last year to its industry (Oil and Gas).
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.
  • Adavale Resources does not make a profit even though their year on year earnings growth rate was positive over the past 5 years.
  • Unable to compare Adavale Resources's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Adavale Resources's 1-year growth to the AU Oil and Gas industry average as it is not currently profitable.
Earnings and Revenue History
Adavale Resources's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

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

ASX:ADD Past Revenue, Cash Flow and Net Income Data
Date (Data in AUD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 -0.53 0.24
2018-09-30 -0.54 0.26
2018-06-30 -0.55 0.28
2017-12-31 -0.57 0.37
2017-09-30 -0.50 0.34
2017-06-30 -0.43 0.30
2016-12-31 0.00 -0.22 0.14
2016-09-30 0.00 -0.26 0.16
2016-06-30 0.00 -0.29 0.17
2016-03-31 0.00 -0.50 0.32
2015-12-31 0.00 -0.58 0.35
2015-09-30 0.00 -0.61 0.34
2015-06-30 -0.63 0.34
2015-03-31 -0.72 0.26
2014-12-31 -0.80 0.19
2014-09-30 -0.92 0.22
2014-06-30 -1.04 0.25
2014-03-31 0.02 -0.94 2.14
2013-12-31 0.04 -0.83 4.02
2013-09-30 0.04 -2.61 4.02
2013-06-30 0.04 -4.38 4.02
2013-03-31 0.02 -4.69 2.29
2012-12-31 0.00 -5.00 0.56
2012-09-30 0.00 -3.42 0.69
2012-06-30 0.00 -1.83 0.83

*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 Adavale Resources has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) due to its liabilities exceeding its assets.
  • It is difficult to establish if Adavale Resources has efficiently used its assets last year compared to the AU Oil and Gas industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if Adavale Resources improved its use of capital last year versus 3 years ago (Return on Capital Employed) due to its liabilities exceeding its assets.
X
Past performance checks
We assess Adavale Resources's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Oil and Gas 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.
Adavale Resources has a total score of 0/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Adavale Resources's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Adavale Resources's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Adavale Resources's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Adavale Resources's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Adavale Resources's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Adavale Resources has negative shareholder equity (liabilities exceed assets) therefore debt is not covered by short term assets.
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 Adavale Resources Company Filings, last reported 3 months ago.

ASX:ADD Past Debt and Equity Data
Date (Data in AUD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 -1.12 0.97 0.01
2018-09-30 -1.12 0.97 0.01
2018-06-30 -1.02 0.90 0.01
2017-12-31 -0.82 0.78 0.08
2017-09-30 -0.82 0.78 0.08
2017-06-30 -1.68 0.90 0.05
2016-12-31 -1.00 0.90 0.03
2016-09-30 -1.00 0.90 0.03
2016-06-30 -0.77 0.82 0.03
2016-03-31 -0.77 0.82 0.03
2015-12-31 -0.67 0.79 0.03
2015-09-30 -0.67 0.79 0.03
2015-06-30 -0.46 0.72 0.03
2015-03-31 -0.46 0.72 0.03
2014-12-31 -0.17 0.64 0.03
2014-09-30 -0.17 0.64 0.03
2014-06-30 0.14 0.50 0.05
2014-03-31 0.14 0.50 0.05
2013-12-31 0.63 0.38 0.09
2013-09-30 0.63 0.38 0.09
2013-06-30 1.00 0.18 0.15
2013-03-31 1.00 0.18 0.15
2012-12-31 1.30 0.00 0.17
2012-09-30 1.30 0.00 0.17
2012-06-30 5.40 0.00 0.59
  • Adavale Resources has negative shareholder equity (liabilities exceed assets), this is a more serious situation compared with a high debt level.
  • Irrelevant to check if Adavale Resources's debt level has increased considering it has negative shareholder equity.
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.

  • Adavale Resources has less than a year of cash runway based on current free cash flow.
  • Adavale Resources has less than a year of cash runway if free cash flow continues to grow at historical rates of 24.9% each year.
X
Financial health checks
We assess Adavale Resources's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Adavale Resources has a total score of 0/6, 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 Adavale Resources's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from Adavale Resources dividends.
If you bought A$2,000 of Adavale Resources shares you are expected to receive A$0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate Adavale Resources's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Adavale Resources's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
ASX:ADD Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
Australia Oil and Gas Industry Average Dividend Yield Market Cap Weighted Average of 13 Stocks 4.6%
Australia Market Average Dividend Yield Market Cap Weighted Average of 417 Stocks 4.3%
Australia Minimum Threshold Dividend Yield 10th Percentile 1.6%
Australia Bottom 25% Dividend Yield 25th Percentile 2.6%
Australia Top 25% Dividend Yield 75th Percentile 5.7%

Industry and Market average data is calculated daily.

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

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

  • Unable to perform a dividend volatility check as Adavale Resources has not reported any payouts.
  • Unable to verify if Adavale Resources's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Adavale Resources's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Adavale Resources has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Adavale Resources's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.6%) - 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 Adavale Resources afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Adavale Resources has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Adavale Resources's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
  • Adavale Resources has no CEO, or we have no data on them.
Management Team

Leanne Ralph

TITLE
Joint Company Secretary
COMPENSATION
A$35K

Julian Rockett

TITLE
Joint Company Secretary
TENURE
1.4 yrs
Board of Directors Tenure

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

2
Average Tenure
  • The average tenure for the Adavale Resources board of directors is less than 3 years, this suggests a new board.
Board of Directors

Haryono Eddyarto

TITLE
Non-Executive Chairman
TENURE
6.4 yrs

Kham Signavong

TITLE
Non-Executive Director
COMPENSATION
A$20K
TENURE
2 yrs

Allan Ritchie

TITLE
Non-Executive Director
COMPENSATION
A$50K
AGE
52
TENURE
2 yrs

Huili Guo

TITLE
Non-Executive Director
AGE
41
TENURE
2 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (A$) Value (A$)
X
Management checks
We assess Adavale Resources's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Adavale Resources has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Who Are The Top Investors In Adavale Resources Limited (ASX:ADD)?

In this article, I'm going to take a look at Adavale Resources Limited’s (ASX:ADD) latest ownership structure, a non-fundamental factor which is important, but remains a less discussed subject among investors. … Although this is an important factor for long-term investors, many investors can also be impacted by institutional presence and their high-volume trading. … View our latest analysis for Adavale Resources

Simply Wall St -

Why Adavale Resources Limited's (ASX:ADD) Ownership Structure Is Important

ADD hardly has any institutional ownership, leaving investors little to think about sharp price volatility in the stock that could take place due to institutional trading. … Insider Ownership I find insiders are another important group of stakeholders, who are directly involved in making key decisions related to the use of capital. … With this size of ownership, retail investors can collectively play a role in major company policies that affect shareholders returns, including executive remuneration and the appointment of directors.

Simply Wall St -

Before You Buy Adavale Resources Limited's (ASX:ADD), Consider This

Generally, an investor should consider two types of risk that impact the market value of ADD. … Every stock in the market is exposed to this risk, which arises from macroeconomic factors such as economic growth and geo-political tussles just to name a few. … Based on this beta value, ADD appears to be a stock that an investor with a high-beta portfolio would look for to reduce risk exposure to the market.

Simply Wall St -

Adavale Resources Limited (ASX:ADD): Does The -125.85% Earnings Drop Reflect A Longer Term Trend?

View our latest analysis for Adavale Resources Was ADD's recent earnings decline worse than the long-term trend and the industry? … ASX:ADD Income Statement Mar 20th 18 We can further analyze Adavale Resources's loss by looking at what the industry has been experiencing over the past few years. … Each year, for the past five years Adavale Resources has seen an annual decline in revenue of -14.11%, on average.

Simply Wall St -

Is Adavale Resources Limited (ASX:ADD) Cheap And High Growth?

Below, I will examine the sector growth prospects, as well as evaluate whether Adavale Resources is lagging or leading its competitors in the industry. … See our latest analysis for Adavale Resources What’s the catalyst for Adavale Resources's sector growth? … ASX:ADD Past Future Earnings Feb 14th 18 Over the past couple of years, the energy sector delivered a disappointing 40% negative growth rate, driven by the oil price collapse.

Simply Wall St -

All You Need To Know About Adavale Resources Limited's (ASX:ADD) Risks

Adavale Resources's beta of 0.4 indicates that the stock value will be less variable compared to the whole stock market. … ADD's beta implies it may be a stock that investors with high-beta portfolios might find relevant if they wanted to reduce their exposure to market risk, especially during times of downturns. … ADD, with its market capitalisation of A$126.32M, is a small-cap stock, which generally have higher beta than similar companies of larger size.

Simply Wall St -

Should You Be Concerned About Adavale Resources Limited's (ASX:ADD) Investors?

This size of ownership gives retail investors collective power in deciding on major policy decisions such as executive compensation, appointment of directors and acquisitions of businesses. … This level of ownership gives retail investors the power to sway key policy decisions such as board composition, executive compensation, and potential acquisitions. … With a low level of institutional ownership, investors in ADD need not worry about non-fundamental factors such as ownership structure causing large impact on stock prices.

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Future Outlook Of The Energy Industry And Adavale Resources Limited (ASX:ADD)

This rate is below the growth rate of the Australian stock market as a whole. … Only now has the sector begun to emerge from its turmoil, and over the past year, the industry turnaround led to growth of over 50%, beating the Australian market growth of 5.37%. … ASX:ADD PE PEG Gauge Nov 7th 17 The oil and gas industry is trading at a PE ratio of 11x, below the broader Australian stock market PE of 17x.

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Company Info

Description

Adavale Resources Limited engages in the mining exploration and development activities in Australia and Indonesia. The company holds a 100% interest in the Lake Surprise uranium project with three exploration licenses in the northern part of the Lake Frome Embayment, South Australia. The company is based in Sydney, Australia.

Details
Name: Adavale Resources Limited
ADD
Exchange: ASX
Founded:
A$1,108,596
110,859,676
Website: http://www.adavaleresources.com
Address: Adavale Resources Limited
225 George Street,
Level 12,
Sydney,
New South Wales, 2000,
Australia
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
ASX ADD Ordinary Shares Australian Securities Exchange AU AUD 02. Jan 1992
ASX ASG Ordinary Shares Australian Securities Exchange AU AUD 02. Jan 1992
Number of employees
Current staff
Staff numbers
0
Adavale Resources employees.
Industry
Coal and Consumable Fuels
Energy
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/18 10:31
End of day share price update: 2019/03/28 00:00
Last earnings filing: 2019/03/13
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/06/30


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.