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SMR

Stanmore Resources ASX:SMR Stock Report

Last Price

AU$2.14

Market Cap

AU$1.9b

7D

-2.3%

1Y

140.4%

Updated

29 Sep, 2022

Data

Company Financials +
SMR fundamental analysis
Snowflake Score
Valuation4/6
Future Growth0/6
Past Performance4/6
Financial Health4/6
Dividends0/6

SMR Stock Overview

Stanmore Resources Limited engages in the exploration, development, production, and sale of metallurgical coal in Australia.

Stanmore Resources Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Stanmore Resources
Historical stock prices
Current Share PriceAU$2.14
52 Week HighAU$2.91
52 Week LowAU$0.88
Beta0.28
1 Month Change-6.96%
3 Month Change15.68%
1 Year Change140.45%
3 Year Change74.99%
5 Year Change465.35%
Change since IPO451.22%

Recent News & Updates

Sep 04
Is Stanmore Resources (ASX:SMR) Using Too Much Debt?

Is Stanmore Resources (ASX:SMR) Using Too Much Debt?

Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...

Shareholder Returns

SMRAU Oil and GasAU Market
7D-2.3%-6.9%-3.8%
1Y140.4%15.5%-12.6%

Return vs Industry: SMR exceeded the Australian Oil and Gas industry which returned 15.5% over the past year.

Return vs Market: SMR exceeded the Australian Market which returned -12.6% over the past year.

Price Volatility

Is SMR's price volatile compared to industry and market?
SMR volatility
SMR Average Weekly Movement7.6%
Oil and Gas Industry Average Movement11.7%
Market Average Movement9.6%
10% most volatile stocks in AU Market16.8%
10% least volatile stocks in AU Market4.2%

Stable Share Price: SMR is not significantly more volatile than the rest of Australian stocks over the past 3 months, typically moving +/- 8% a week.

Volatility Over Time: SMR's weekly volatility has decreased from 13% to 8% over the past year.

About the Company

FoundedEmployeesCEOWebsite
2008n/aMarcelo Matoshttps://stanmore.net.au

Stanmore Resources Limited engages in the exploration, development, production, and sale of metallurgical coal in Australia. The company holds interests in the Isaac Plains, Isaac Downs, Isaac South, Clifford, The Range, Mackenzie, Belview, Tennyson, and Lilyvale projects in the Bowen and Surat basins of Queensland, as well as 50% interests in the Millennium and Mavis Downs mine located near Moranbah, Queensland. It also exports its products.

Stanmore Resources Fundamentals Summary

How do Stanmore Resources's earnings and revenue compare to its market cap?
SMR fundamental statistics
Market CapAU$1.93b
Earnings (TTM)AU$366.17m
Revenue (TTM)AU$1.99b

5.3x

P/E Ratio

1.0x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
SMR income statement (TTM)
RevenueUS$1.29b
Cost of RevenueUS$515.44m
Gross ProfitUS$772.81m
Other ExpensesUS$535.44m
EarningsUS$237.37m

Last Reported Earnings

Jun 30, 2022

Next Earnings Date

n/a

Earnings per share (EPS)0.26
Gross Margin59.99%
Net Profit Margin18.43%
Debt/Equity Ratio63.5%

How did SMR perform over the long term?

See historical performance and comparison
We’ve recently updated our valuation analysis.

Valuation

Is SMR undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

4/6

Valuation Score 4/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

Which metric is best to use when looking at relative valuation for SMR?

Other financial metrics that can be useful for relative valuation.

SMR key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue1.6x
Enterprise Value/EBITDA4.4x
PEG Ratio-0.3x

Price to Earnings Ratio vs Peers

How does SMR's PE Ratio compare to its peers?

SMR PE Ratio vs Peers
The above table shows the PE ratio for SMR vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average4.4x
TER TerraCom
4.9xn/aAU$839.5m
NHC New Hope
5.4x-24.6%AU$5.3b
WHC Whitehaven Coal
4.2x-32.6%AU$8.2b
YAL Yancoal Australia
2.9x0.1%AU$7.7b
SMR Stanmore Resources
5.3x-20.5%AU$1.9b

Price-To-Earnings vs Peers: SMR is expensive based on its Price-To-Earnings Ratio (5.3x) compared to the peer average (4.4x).


Price to Earnings Ratio vs Industry

How does SMR's PE Ratio compare vs other companies in the AU Oil and Gas Industry?

Price-To-Earnings vs Industry: SMR is good value based on its Price-To-Earnings Ratio (5.3x) compared to the Australian Oil and Gas industry average (6.6x)


Price to Earnings Ratio vs Fair Ratio

What is SMR's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

SMR PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio5.3x
Fair PE Ratio18.7x

Price-To-Earnings vs Fair Ratio: SMR is good value based on its Price-To-Earnings Ratio (5.3x) compared to the estimated Fair Price-To-Earnings Ratio (18.7x).


Share Price vs Fair Value

What is the Fair Price of SMR when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: SMR (A$2.14) is trading below our estimate of fair value (A$5.11)

Significantly Below Fair Value: SMR is trading below fair value by more than 20%.


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Insufficient data to show price forecast.


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Future Growth

How is Stanmore Resources forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

Future Growth Score

0/6

Future Growth Score 0/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


-20.5%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: SMR's earnings are forecast to decline over the next 3 years (-20.5% per year).

Earnings vs Market: SMR's earnings are forecast to decline over the next 3 years (-20.5% per year).

High Growth Earnings: SMR's earnings are forecast to decline over the next 3 years.

Revenue vs Market: SMR's revenue is expected to decline over the next 3 years (-0.5% per year).

High Growth Revenue: SMR's revenue is forecast to decline over the next 3 years (-0.5% per year).


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if SMR's Return on Equity is forecast to be high in 3 years time


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Past Performance

How has Stanmore Resources performed over the past 5 years?

Past Performance Score

4/6

Past Performance Score 4/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


39.6%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: SMR has high quality earnings.

Growing Profit Margin: SMR became profitable in the past.


Past Earnings Growth Analysis

Earnings Trend: SMR's earnings have grown significantly by 39.6% per year over the past 5 years.

Accelerating Growth: SMR has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: SMR has become profitable in the last year, making it difficult to compare its past year earnings growth to the Oil and Gas industry (653.3%).


Return on Equity

High ROE: SMR's Return on Equity (20.6%) is considered high.


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Financial Health

How is Stanmore Resources's financial position?

Financial Health Score

4/6

Financial Health Score 4/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: SMR's short term assets ($1.0B) exceed its short term liabilities ($729.5M).

Long Term Liabilities: SMR's short term assets ($1.0B) do not cover its long term liabilities ($1.6B).


Debt to Equity History and Analysis

Debt Level: SMR's net debt to equity ratio (18.9%) is considered satisfactory.

Reducing Debt: SMR's debt to equity ratio has increased from 23.1% to 63.5% over the past 5 years.

Debt Coverage: SMR's debt is well covered by operating cash flow (82.5%).

Interest Coverage: SMR's interest payments on its debt are well covered by EBIT (22.2x coverage).


Balance Sheet


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Dividend

What is Stanmore Resources's current dividend yield, its reliability and sustainability?

Dividend Score

0/6

Dividend Score 0/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage


0.02%

Forecast Dividend Yield

Dividend Yield vs Market

Stanmore Resources Dividend Yield vs Market
How does Stanmore Resources dividend yield compare to the market?
SegmentDividend Yield
Company (Stanmore Resources)0%
Market Bottom 25% (AU)2.8%
Market Top 25% (AU)7.2%
Industry Average (Oil and Gas)8.3%
Analyst forecast in 3 Years (Stanmore Resources)0.02%

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

High Dividend: Unable to evaluate SMR'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 SMR's dividends per share have been stable in the past.

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


Earnings Payout to Shareholders

Earnings Coverage: SMR is not paying a notable dividend for the Australian market.


Cash Payout to Shareholders

Cash Flow Coverage: Unable to calculate sustainability of dividends as SMR has not reported any payouts.


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Management

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

1.1yrs

Average management tenure


CEO

Marcelo Matos

2.83yrs

Tenure

US$935,181

Compensation

Mr. Marcelo Matos, B.B.A., M.B.A., serves as Chief Executive Officer at Stanmore Resources Limited (formerly known as Stanmore Coal Limited) since November 27, 2020 and served as its Interim Chief Executiv...


CEO Compensation Analysis

Marcelo Matos's Compensation vs Stanmore Resources Earnings
How has Marcelo Matos's remuneration changed compared to Stanmore Resources's earnings?
DateTotal Comp.SalaryCompany Earnings
Jun 30 2022n/an/a

US$237m

Mar 31 2022n/an/a

US$123m

Dec 31 2021US$935kUS$393k

US$8m

Jun 30 2021n/an/a

-US$24m

Mar 31 2021n/an/a

-US$15m

Dec 31 2020US$364kUS$149k

-US$6m

Compensation vs Market: Marcelo's total compensation ($USD935.18K) is below average for companies of similar size in the Australian market ($USD1.65M).

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


Leadership Team

Experienced Management: SMR's management team is not considered experienced ( 1.1 years average tenure), which suggests a new team.


Board Members

Experienced Board: SMR's board of directors are not considered experienced ( 2.3 years average tenure), which suggests a new board.


Ownership

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


Insider Trading Volume

Insider Buying: SMR insiders have only sold shares in the past 3 months.


Recent Insider Transactions

ASX:SMR Recent Insider Transactions by Companies or Individuals
DateValueNameEntityRoleSharesMax Price
17 Aug 22BuyAU$37,273,503Regal Partners LimitedCompany18,153,730AU$2.05
17 Aug 22SellAU$40,499,996Matthew LatimoreIndividual18,000,000AU$2.25
29 Jul 22SellAU$8,923,937Regal Partners LimitedCompany4,593,919AU$1.94

Ownership Breakdown

What is the ownership structure of SMR?
Owner TypeNumber of SharesOwnership Percentage
Institutions14,066,0351.6%
Individual Insiders46,107,3635.1%
Hedge Funds59,147,1096.6%
General Public186,538,94620.7%
Private Companies595,532,18166.1%

Dilution of Shares: Shareholders have been substantially diluted in the past year, with total shares outstanding growing by 233.3%.


Top Shareholders

Top 19 shareholders own 79.31% of the company
OwnershipNameSharesCurrent ValueChange %Portfolio %
64.01%
PT Sinar Mas Group
577,015,682$1.2b0%no data
6.56%
Regal Partners Limited
59,147,109$126.6m29.74%8.33%
4.84%
Matthew Latimore
43,593,804$93.3m-29.22%no data
1.55%
Old Forrester Pty Ltd
14,006,584$30.0m8.58%no data
0.69%
Argo Investments Limited
6,181,819$13.2m0%0.23%
0.57%
Warburton Investment Management
5,145,640$11.0m0%37.8%
0.27%
Odey Asset Management LLP
2,412,224$5.2m0%0.17%
0.21%
M Resources Pty Ltd
1,878,945$4.0m0%no data
0.2%
Tri-Star E&P Pty Ltd
1,818,182$3.9m0%no data
0.16%
Ronald Brierley
1,466,667$3.1m193.33%no data
0.075%
Chengdu Di'ao International Investment Pty Ltd
672,788$1.4m0%no data
0.037%
Donald Mackenzie
338,000$723.3k0%no data
0.036%
Philip Spring
326,727$699.2k0%no data
0.036%
SIX Group AG, Asset Management Arm
326,352$698.4k0%0.03%
0.019%
Andrew Paulinski
175,000$374.5k0%no data
0.016%
Hamtar Pty Ltd
140,000$299.6k0%no data
0.011%
James Tankey
103,031$220.5k0%no data
0.011%
Christine Tankey
103,030$220.5k0%no data
0.00012%
Jonathan Romcke
1,104$2.4k0%no data

Company Information

Stanmore Resources Limited's employee growth, exchange listings and data sources


Key Information

  • Name: Stanmore Resources Limited
  • Ticker: SMR
  • Exchange: ASX
  • Founded: 2008
  • Industry: Coal and Consumable Fuels
  • Sector: Energy
  • Implied Market Cap: AU$1.929b
  • Shares outstanding: 901.39m
  • Website: https://stanmore.net.au

Location

  • Stanmore Resources Limited
  • 133 Mary Street
  • Level 15
  • Brisbane
  • Queensland
  • 4000
  • Australia


Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
SMRASX (Australian Securities Exchange)YesOrdinary SharesAUAUDDec 2009
S0DDB (Deutsche Boerse AG)YesOrdinary SharesDEEURDec 2009
SMRCHIA (Chi-X Australia)YesOrdinary SharesAUAUDDec 2009
STMR.FOTCPK (Pink Sheets LLC)YesOrdinary SharesUSUSDDec 2009

Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/09/29 00:00
End of Day Share Price2022/09/29 00:00
Earnings2022/06/30
Annual Earnings2021/12/31


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.