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EL8

Elevate UraniumASX:EL8 Stock Report

Market Cap

AU$128.6m

7D

0%

1Y

489.9%

Updated

22 Oct, 2021

Data

Company Financials
EL8 fundamental analysis
Snowflake Score
Valuation0/6
Future Growth0/6
Past Performance0/6
Financial Health6/6
Dividends0/6

EL8 Overview

Elevate Uranium Ltd, an uranium exploration company, engages in the exploration and evaluation of uranium deposits in Namibia and Australia.

Elevate Uranium Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Elevate Uranium
Historical stock prices
Current Share PriceAU$0.53
52 Week HighAU$0.083
52 Week LowAU$0.79
Beta1.02
1 Month Change-17.97%
3 Month Change81.03%
1 Year Change489.89%
3 Year Change629.17%
5 Year Change337.50%
Change since IPO-96.50%

Recent News & Updates

Sep 28
We're Hopeful That Elevate Uranium (ASX:EL8) Will Use Its Cash Wisely

We're Hopeful That Elevate Uranium (ASX:EL8) Will Use Its Cash Wisely

There's no doubt that money can be made by owning shares of unprofitable businesses. For example, Elevate Uranium...

Jun 16
We're Not Very Worried About Elevate Uranium's (ASX:EL8) Cash Burn Rate

We're Not Very Worried About Elevate Uranium's (ASX:EL8) Cash Burn Rate

There's no doubt that money can be made by owning shares of unprofitable businesses. By way of example, Elevate Uranium...

Feb 25
What We Learned About Marenica Energy's (ASX:MEY) CEO Compensation

What We Learned About Marenica Energy's (ASX:MEY) CEO Compensation

This article will reflect on the compensation paid to Murray Hill who has served as CEO of Marenica Energy Limited...

Shareholder Returns

EL8AU Oil and GasAU Market
7D0%-2.2%0.7%
1Y489.9%44.0%21.4%

Return vs Industry: EL8 exceeded the Australian Oil and Gas industry which returned 44% over the past year.

Return vs Market: EL8 exceeded the Australian Market which returned 21.4% over the past year.

Price Volatility

Is EL8's price volatile compared to industry and market?
EL8 volatility
EL8 Beta1.02
Industry Beta1.29
Market Beta1

Stable Share Price: EL8 is more volatile than 90% of Australian stocks over the past 3 months, typically moving +/- 17% a week.

Volatility Over Time: EL8's weekly volatility (17%) has been stable over the past year, but is still higher than 75% of Australian stocks.

About the Company

FoundedEmployeesCEOWebsite
1978n/aMurray Hillhttps://www.elevateuranium.com.au

Elevate Uranium Ltd, an uranium exploration company, engages in the exploration and evaluation of uranium deposits in Namibia and Australia. Its flagship projects include the Koppies, Hirabeb, Namib IV, and Marenica located in Namibia. The company also holds interests in the Angela, Thatcher Soak, Oobagooma, and Minerva located in Australia.

Elevate Uranium Fundamentals Summary

How do Elevate Uranium's earnings and revenue compare to its market cap?
EL8 fundamental statistics
Market CapAU$128.58m
Earnings (TTM)-AU$2.60m
Revenue (TTM)n/a

0x

P/S Ratio

-47.2x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
EL8 income statement (TTM)
RevenueAU$0
Cost of RevenueAU$0
Gross ProfitAU$0
ExpensesAU$2.60m
Earnings-AU$2.60m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)-0.011
Gross Margin0.00%
Net Profit Margin0.00%
Debt/Equity Ratio0%

How did EL8 perform over the long term?

See historical performance and comparison

Valuation

Is Elevate Uranium undervalued compared to its fair value and its price relative to the market?

12.88x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate EL8's fair value to establish if it is undervalued.

Significantly Below Fair Value: Insufficient data to calculate EL8's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: EL8 is unprofitable, so we can't compare its PE Ratio to the Australian Oil and Gas industry average.

PE vs Market: EL8 is unprofitable, so we can't compare its PE Ratio to the Australian market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate EL8's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: EL8 is overvalued based on its PB Ratio (12.9x) compared to the AU Oil and Gas industry average (2.5x).


Future Growth

How is Elevate Uranium forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

7.2%

Forecasted Energy industry annual growth in earnings


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 Elevate Uranium 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 SimplyWall St do have past financial data.


Past Performance

How has Elevate Uranium performed over the past 5 years?

-6.5%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: EL8 is currently unprofitable.

Growing Profit Margin: EL8 is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: EL8 is unprofitable, and losses have increased over the past 5 years at a rate of 6.5% per year.

Accelerating Growth: Unable to compare EL8's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: EL8 is unprofitable, making it difficult to compare its past year earnings growth to the Oil and Gas industry (-50.5%).


Return on Equity

High ROE: EL8 has a negative Return on Equity (-27.33%), as it is currently unprofitable.


Financial Health

How is Elevate Uranium's financial position?


Financial Position Analysis

Short Term Liabilities: EL8's short term assets (A$6.7M) exceed its short term liabilities (A$337.0K).

Long Term Liabilities: EL8's short term assets (A$6.7M) exceed its long term liabilities (A$92.5K).


Debt to Equity History and Analysis

Debt Level: EL8 is debt free.

Reducing Debt: EL8 currently has no debt however we can't compare to 5 years ago as we have no data for that period.


Balance Sheet


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.

Stable Cash Runway: EL8 has sufficient cash runway for more than a year based on its current free cash flow.

Forecast Cash Runway: EL8 has sufficient cash runway for 2 years if free cash flow continues to reduce at historical rates of 18.5% each year.


Dividend

What is Elevate Uranium current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

Notable Dividend: Unable to evaluate EL8's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate EL8's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if EL8's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if EL8's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of EL8's dividend in 3 years as they are not forecast to pay a notable one for the Australian market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

2.0yrs

Average management tenure


CEO

Murray Hill

9.42yrs

Tenure

AU$346,775

Compensation

Mr. Murray Philip Hill, B.Sc. (Metallurgy), FAusIMM, has been Managing Director of Elevate Uranium Ltd (formerly known as Marenica Energy Ltd) since May 2, 2016 and has been its Chief Executive Officer sin...


CEO Compensation Analysis

Compensation vs Market: Murray's total compensation ($USD259.70K) is about average for companies of similar size in the Australian market ($USD303.33K).

Compensation vs Earnings: Murray's compensation has been consistent with company performance over the past year.


Leadership Team

Experienced Management: EL8's management team is considered experienced (2 years average tenure).


Board Members

Experienced Board: EL8's board of directors are considered experienced (4.5 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have been substantially diluted in the past year, with total shares outstanding growing by 63.1%.


Top Shareholders

Company Information

Elevate Uranium Ltd's employee growth, exchange listings and data sources


Key Information

  • Name: Elevate Uranium Ltd
  • Ticker: EL8
  • Exchange: ASX
  • Founded: 1978
  • Industry: Coal and Consumable Fuels
  • Sector: Energy
  • Market Cap: AU$128.576m
  • Shares outstanding: 233.77m
  • Website: https://www.elevateuranium.com.au

Location

  • Elevate Uranium Ltd
  • Office C1
  • 1139 Hay Street
  • West Perth
  • Western Australia
  • 6005
  • Australia

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/22 07:04
End of Day Share Price2021/10/22 00:00
Earnings2021/06/30
Annual Earnings2021/06/30


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.