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Summit Resources

ASX:SMM
Snowflake Description

Adequate balance sheet and overvalued.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
SMM
ASX
A$39M
Market Cap
  1. Home
  2. AU
  3. Energy
Company description

Summit Resources Limited, through its subsidiaries, engages in the exploration and evaluation of uranium projects in Australia. The last earnings update was 34 days ago. More info.


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  • Summit Resources has significant price volatility in the past 3 months.
SMM Share Price and Events
Price Volatility
SMM
Industry
5yr Volatility vs Market

SMM Value

 Is Summit 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.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
  • It is not possible to calculate the future cash flow value for Summit Resources. This is due to cash flow or dividend data being unavailable. The share price is A$0.18.
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 Summit Resources's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Summit Resources's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
ASX:SMM PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-06-30) in AUD A$-0.00
ASX:SMM Share Price ** ASX (2018-10-16) in AUD A$0.18
Australia Oil and Gas Industry PE Ratio Median Figure of 29 Publicly-Listed Oil and Gas Companies 18.79x
Australia Market PE Ratio Median Figure of 552 Publicly-Listed Companies 15.72x

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

** Primary Listing of Summit Resources.

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

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

= 0.18 ÷ -0.00

-113.42x

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

  • Summit Resources is loss making, we can't compare its value to the AU Oil and Gas industry average.
  • Summit Resources is loss making, we can't compare the value of its earnings to the Australia market.
Price based on expected Growth
Does Summit Resources's expected growth come at a high price?
Raw Data
ASX:SMM PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -113.42x
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 13 Publicly-Listed Oil and Gas Companies 0.94x
Australia Market PEG Ratio Median Figure of 352 Publicly-Listed Companies 1.34x

*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 Summit Resources, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Summit Resources's assets?
Raw Data
ASX:SMM PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-06-30) in AUD A$0.22
ASX:SMM Share Price * ASX (2018-10-16) in AUD A$0.18
Australia Oil and Gas Industry PB Ratio Median Figure of 143 Publicly-Listed Oil and Gas Companies 1.42x
Australia Market PB Ratio Median Figure of 1,634 Publicly-Listed Companies 1.81x
ASX:SMM PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 0.18 ÷ 0.22

0.82x

* Primary Listing of Summit Resources.

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

  • Summit Resources is good value based on assets compared to the AU Oil and Gas industry average.
X
Value checks
We assess Summit 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. Summit Resources has a total score of 1/6, 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.

SMM Future Performance

 How is Summit 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 Summit 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
19.1%
Expected Oil and Gas industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Summit Resources expected to grow at an attractive rate?
  • Unable to compare Summit Resources's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Summit Resources's earnings growth to the Australia market average as no estimate data is available.
  • Unable to compare Summit Resources's revenue growth to the Australia market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
ASX:SMM Future Growth Rates Data Sources
Data Point Source Value (per year)
Australia Oil and Gas Industry Earnings Growth Rate Market Cap Weighted Average 19.1%
Australia Oil and Gas Industry Revenue Growth Rate Market Cap Weighted Average 5.8%
Australia Market Earnings Growth Rate Market Cap Weighted Average 7.6%
Australia Market Revenue Growth Rate Market Cap Weighted Average 3.4%

*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:SMM 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:SMM Past Financials Data
Date (Data in AUD Millions) Revenue Cash Flow Net Income *
2018-06-30 0 -0 -0
2018-03-31 0 -0 -0
2017-12-31 0 -0 -0
2017-09-30 0 -0 -0
2017-06-30 0 -0 -0
2017-03-31 0 -0 -1
2016-12-31 0 -0 -1
2016-09-30 0 -0 -1
2016-06-30 0 -0 -1
2016-03-31 0 -0 -1
2015-12-31 0 -0 -0
2015-09-30 0 -0 -0

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Summit Resources is high growth as no earnings estimate data is available.
  • Unable to determine if Summit 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:SMM 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 Summit Resources Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

ASX:SMM Past Financials Data
Date (Data in AUD Millions) EPS *
2018-06-30 -0.00
2018-03-31 -0.00
2017-12-31 -0.00
2017-09-30 -0.00
2017-06-30 -0.00
2017-03-31 -0.00
2016-12-31 -0.01
2016-09-30 -0.01
2016-06-30 -0.01
2016-03-31 -0.00
2015-12-31 -0.00
2015-09-30 -0.00

*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 Summit Resources will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Examine Summit Resources's financial health to determine how well-positioned it is against times of financial stress by looking at its level of debt over time and how much cash it has left.
  2. Summit 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
  3. Summit Resources's competitive advantages and company strategy can generally be found in its financial reports archived here.
  4. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
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Future performance checks
We assess Summit 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.
Summit 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.

SMM Past Performance

  How has Summit 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 Summit 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.
  • Summit Resources does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
  • Unable to compare Summit Resources's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Summit Resources's 1-year growth to the AU Oil and Gas industry average as it is not currently profitable.
Earnings and Revenue History
Summit 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 Summit Resources Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

ASX:SMM Past Revenue, Cash Flow and Net Income Data
Date (Data in AUD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-06-30 0.05 -0.35 0.36
2018-03-31 0.05 -0.33 0.31
2017-12-31 0.06 -0.31 0.27
2017-09-30 0.06 -0.30 0.27
2017-06-30 0.06 -0.29 0.26
2017-03-31 0.05 -0.79 0.24
2016-12-31 0.03 -1.28 0.21
2016-09-30 0.05 -1.28 0.21
2016-06-30 0.06 -1.27 0.21
2016-03-31 0.07 -0.73 0.22
2015-12-31 0.08 -0.18 0.23
2015-09-30 0.09 -0.20 0.25
2015-06-30 0.10 -0.21 0.27
2015-03-31 0.10 -0.30 0.36
2014-12-31 0.11 -0.40 0.46
2014-09-30 0.11 -0.43 0.54
2014-06-30 0.12 -0.46 0.62
2014-03-31 0.14 -0.47 0.64
2013-12-31 0.16 -0.49 0.67
2013-09-30 0.16 -0.54 0.67
2013-06-30 0.16 -0.59 0.68
2013-03-31 0.17 -0.65 0.63
2012-12-31 0.17 -0.71 0.59
2012-09-30 0.22 -0.83 0.73
2012-06-30 0.26 -0.95 0.88
2012-03-31 0.29 -0.86 1.09
2011-12-31 0.32 -0.78 1.31

*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 Summit Resources has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if Summit 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 Summit Resources improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess Summit 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.
Summit 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.

SMM Health

 How is Summit 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 Summit Resources's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Summit Resources is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Summit Resources has no long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Summit 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.
  • High level of physical assets or inventory.
  • Summit Resources has no debt, it does not need to be 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 Summit Resources Company Filings, last reported 3 months ago.

ASX:SMM Past Debt and Equity Data
Date (Data in AUD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-06-30 47.66 0.00 0.38
2018-03-31 47.66 0.00 0.38
2017-12-31 47.88 0.00 0.40
2017-09-30 47.88 0.00 0.40
2017-06-30 48.00 0.00 1.04
2017-03-31 48.00 0.00 1.04
2016-12-31 48.19 0.00 1.38
2016-09-30 48.19 0.00 1.38
2016-06-30 48.30 0.00 1.63
2016-03-31 48.30 0.00 1.63
2015-12-31 49.47 0.00 1.78
2015-09-30 49.47 0.00 1.78
2015-06-30 49.57 0.00 2.11
2015-03-31 49.57 0.00 2.11
2014-12-31 49.65 0.00 2.37
2014-09-30 49.65 0.00 2.37
2014-06-30 49.78 0.00 2.75
2014-03-31 49.78 0.00 2.75
2013-12-31 50.05 0.00 3.14
2013-09-30 50.05 0.00 3.14
2013-06-30 50.23 0.00 3.46
2013-03-31 50.23 0.00 3.46
2012-12-31 50.54 0.00 3.85
2012-09-30 50.54 0.00 3.85
2012-06-30 50.82 0.00 4.80
2012-03-31 50.82 0.00 4.80
2011-12-31 51.25 0.00 7.22
  • Summit Resources has no debt.
  • Summit Resources has not taken on any debt in the past 5 years.
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.

  • Summit Resources has less than a year of cash runway based on current free cash flow.
  • Summit Resources has less than a year of cash runway if free cash flow continues to grow at historical rates of 32.2% each year.
X
Financial health checks
We assess Summit 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. Summit Resources has a total score of 4/6, 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.

SMM Dividends

 What is Summit 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 Summit Resources dividends.
If you bought A$2,000 of Summit 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 Summit Resources's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Summit 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:SMM 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 11 Stocks 3.5%
Australia Market Average Dividend Yield Market Cap Weighted Average of 419 Stocks 4.6%
Australia Minimum Threshold Dividend Yield 10th Percentile 1.6%
Australia Bottom 25% Dividend Yield 25th Percentile 2.5%
Australia Top 25% Dividend Yield 75th Percentile 5.9%

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 Summit Resources has not reported any payouts.
  • Unable to verify if Summit Resources's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Summit Resources's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Summit 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 Summit 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 Summit Resources afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Summit 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.

SMM Management

 What is the CEO of Summit 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.
  • Summit Resources has no CEO, or we have no data on them.
Management Team Tenure

Average tenure of the Summit Resources management team in years:

3.2
Average Tenure
  • The tenure for the Summit Resources management team is about average.
Management Team

Craig Barnes

TITLE
CFO, Executive Officer & Executive Director
AGE
47
TENURE
4.3 yrs

Ranko Matic

TITLE
Company Secretary
AGE
50
TENURE
3.2 yrs

Andrea Betti

TITLE
Joint Company Secretary
TENURE
0.5 yrs
Board of Directors Tenure

Average tenure and age of the Summit Resources board of directors in years:

0.8
Average Tenure
56
Average Age
  • The average tenure for the Summit Resources board of directors is less than 3 years, this suggests a new board.
Board of Directors

Mal Randall

TITLE
Non-Executive Chairman
COMPENSATION
A$56K
AGE
73
TENURE
0.8 yrs

Craig Barnes

TITLE
CFO, Executive Officer & Executive Director
AGE
47
TENURE
0.8 yrs

David Berrie

TITLE
Non-Executive Director
COMPENSATION
A$51K
AGE
56
TENURE
12 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Start End Shares Max Price (AUD) Value (AUD)
X
Management checks
We assess Summit 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. Summit 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.

SMM News

External News
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Simply Wall St News

What You Must Know About Summit Resources Limited's (ASX:SMM) Financial Strength

The direct benefit for Summit Resources Limited (ASX:SMM), which sports a zero-debt capital structure, to include debt in its capital structure is the reduced cost of capital. … However, the trade-off is SMM will have to adhere to stricter debt covenants and have less financial flexibility. … Is SMM growing fast enough to value financial flexibility over lower cost of capital

Simply Wall St -

Who Owns Summit Resources Limited (ASX:SMM)?

In this article, I'm going to take a look at Summit Resources Limited’s (ASX:SMM) latest ownership structure, a non-fundamental factor which is important, but remains a less discussed subject among investors. … This level of ownership gives retail investors the power to sway key policy decisions such as board composition, executive compensation, and potential acquisitions. … Thus, investors not need worry too much about the consequences of these holdings.Next Steps: With a low level of institutional ownership, investors in SMM need not worry about non-fundamental factors such as ownership structure causing large impact on stock prices.

Simply Wall St -

Should You Be Holding Summit Resources Limited (ASX:SMM) Right Now?

A popular measure of market risk for a stock is its beta, and the market as a whole represents a beta value of one. … A high level of beta means investors face higher risk associated with potential gains and losses driven by market movements. … An asset-heavy company tends to have a higher beta because the risk associated with running fixed assets during a downturn is highly expensive.

Simply Wall St -

Are Earnings Prospects Improving For Loss-Making Summit Resources Limited's (ASX:SMM)?

View our latest analysis for Summit Resources Commentary On SMM's Past Performance I like to use the ‘latest twelve-month’ data, which either annualizes the most recent 6-month earnings update, or in some cases, the most recent annual report is already the latest available financial data. … ASX:SMM Income Statement Mar 13th 18 We can further examine Summit Resources's loss by looking at what the industry has been experiencing over the past few years. … Each year, for the past five years Summit Resources has seen an annual decline in revenue of -25.97%, on average.

Simply Wall St -

Breaking Down Summit Resources Limited's (ASX:SMM) Ownership Structure

See our latest analysis for Summit Resources ASX:SMM Ownership_summary Jan 7th 18 Institutional Ownership Due to the big order sizes of institutional investors, a company's shares can experience large, one-sided momentum, driven by high volume of shares removed from, or injected into, the market. … Insider Ownership Insiders form another group of important ownership types as they manage the company's operations and decide the best 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 -

All You Need To Know About Summit Resources Limited's (ASX:SMM) Risks

With a beta of 1.35, Summit Resources is a stock that tends to experience more gains than the market during a growth phase and also a bigger reduction in value compared to the market during a broad downturn. … A market capitalisation of A$44.69M puts SMM in the category of small-cap stocks, which tends to possess higher beta than larger companies. … An asset-heavy company tends to have a higher beta because the risk associated with running fixed assets during a downturn is highly expensive.

Simply Wall St -

Did Summit Resources Limited's (ASX:SMM) Recent Earnings Growth Beat The Trend?

When Summit Resources Limited (ASX:SMM) released its most recent earnings update (30 June 2017), I compared it against two factor: its historical earnings track record, and the performance of its industry peers on average. … Summit Resources's latest twelve-month earnings -A$0.3M, which compared to last year’s level, has become less negative. … Though Summit Resources's past data is helpful, it is only one aspect of my investment thesis.

Simply Wall St -

Summit Resources Limited (ASX:SMM): Financial Strength Analysis

Summit Resources Limited (ASX:SMM), which has zero-debt on its balance sheet, can maximize capital returns by increasing debt due to its lower cost of capital. … Check out our latest analysis for Summit Resources Does SMM's growth rate justify its decision for financial flexibility over lower cost of capital? … SMM’s absence of debt on its balance sheet may be due to lack of access to cheaper capital, or it may simply believe low cost is not worth sacrificing financial flexibility.

Simply Wall St -

November Insights Into Oil & Gas Stocks: Summit Resources Limited (ASX:SMM)

This rate is below the growth rate of the Australian stock market as a whole. … ASX:SMM Past Future Earnings Nov 21st 17 Over the past couple of years, the energy sector delivered a disappointing 40% negative growth rate, driven by the oil price collapse. … However, recently the sector saw a reversal in the downturn, and in the previous year, the industry saw growth of over 50%, beating the Australian market growth of 5.37%.

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SMM Company Info

Map
Description

Summit Resources Limited, through its subsidiaries, engages in the exploration and evaluation of uranium projects in Australia. It also explores for base and precious metal deposits. The company holds interests in approximately 1,974 km2 of tenements in three project areas located near the city of Mount Isa in northwest Queensland. Its principal project is the Isa North project covering an area of approximately 934 km2 and hosts various uranium prospects, including the Valhalla, Odin, Skal, and Bikini deposit, as well as various other prospects located to the north of Mount Isa, northwest Queensland. The company is based in Subiaco, Australia. Summit Resources Limited is a subsidiary of Paladin Energy Ltd.

Details
Name: Summit Resources Limited
SMM
Exchange: ASX
Founded:
A$39,236,718
217,981,769
Website: http://www.summitresources.com.au
Address: Summit Resources Limited
502 Hay Street,
Level 4,
Subiaco,
Western Australia, 6008,
Australia
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
ASX SMM Ordinary Shares Australian Securities Exchange AU AUD 24. Feb 1989
OTCPK SRCS.F Ordinary Shares Pink Sheets LLC US USD 24. Feb 1989
DB RX5 Ordinary Shares Deutsche Boerse AG DE EUR 24. Feb 1989
BST RX5 Ordinary Shares Boerse-Stuttgart DE EUR 24. Feb 1989
CHIA SMM Ordinary Shares Chi-X Australia AU AUD 24. Feb 1989
Number of employees
Current staff
Staff numbers
0
Summit Resources employees.
Industry
Coal and Consumable Fuels
Energy
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2018/10/25 06:31
End of day share price update: 2018/10/16 00:00
Last earnings filing: 2018/09/21
Last earnings reported: 2018/06/30
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.