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
|Historical stock prices|
|Current Share Price||AU$0.53|
|52 Week High||AU$0.083|
|52 Week Low||AU$0.79|
|1 Month Change||-17.97%|
|3 Month Change||81.03%|
|1 Year Change||489.89%|
|3 Year Change||629.17%|
|5 Year Change||337.50%|
|Change since IPO||-96.50%|
Recent News & Updates
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...
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...
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...
|EL8||AU Oil and Gas||AU Market|
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.
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
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
|EL8 fundamental statistics|
Is EL8 overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|EL8 income statement (TTM)|
|Cost of Revenue||AU$0|
Last Reported Earnings
Jun 30, 2021
Next Earnings Date
|Earnings per share (EPS)||-0.011|
|Net Profit Margin||0.00%|
How did EL8 perform over the long term?See historical performance and comparison
Is Elevate Uranium undervalued compared to its fair value and its price relative to the market?
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).
How is Elevate Uranium forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
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.
How has Elevate Uranium performed over the past 5 years?
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.
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$92.5K).
Debt to Equity History and Analysis
Debt Level: EL8 is debt free.
Reducing Debt: EL8 currently has no debt however we can't compare to 5 years ago as we have no data for that period.
Cash Runway Analysis
For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: EL8 has sufficient cash runway for more than a year based on its current free cash flow.
Forecast Cash Runway: EL8 has sufficient cash runway for 2 years if free cash flow continues to reduce at historical rates of 18.5% each year.
What is Elevate Uranium current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Notable Dividend: Unable to evaluate EL8's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate EL8's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if EL8's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if EL8's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of EL8's dividend in 3 years as they are not forecast to pay a notable one for the Australian market.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Mr. Murray Philip Hill, B.Sc. (Metallurgy), FAusIMM, has been Managing Director of Elevate Uranium Ltd (formerly known as Marenica Energy Ltd) since May 2, 2016 and has been its Chief Executive Officer sin...
CEO Compensation Analysis
Compensation vs Market: Murray's total compensation ($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.
Experienced Management: EL8's management team is considered experienced (2 years average tenure).
Experienced Board: EL8's board of directors are considered experienced (4.5 years average tenure).
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
Dilution of Shares: Shareholders have been substantially diluted in the past year, with total shares outstanding growing by 63.1%.
Elevate Uranium Ltd's employee growth, exchange listings and data sources
- 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
- Elevate Uranium Ltd
- Office C1
- 1139 Hay Street
- West Perth
- Western Australia
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/10/22 07:04|
|End of Day Share Price||2021/10/22 00:00|
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.