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Sun Resources

ASX:SUR
Snowflake Description

Weak fundamentals or lack of information.

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

Sun Resources NL engages in the exploration, development and production of oil and gas projects in Australia and the United States. The last earnings update was 36 days ago. More info.


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  • Sun Resources has significant price volatility in the past 3 months.
SUR Share Price and Events
7 Day Returns
0%
ASX:SUR
0.8%
AU Oil and Gas
-0%
AU Market
1 Year Returns
-50%
ASX:SUR
3.7%
AU Oil and Gas
4.9%
AU Market
SUR Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Sun Resources (SUR) 0% -20% -50% -50% -92% -99.6%
AU Oil and Gas 0.8% -0.7% 5.6% 3.7% 30.5% -32%
AU Market -0% 1.5% 6.5% 4.9% 18.2% 4.8%
1 Year Return vs Industry and Market
  • SUR underperformed the Oil and Gas industry which returned 3.7% over the past year.
  • SUR underperformed the Market in Australia which returned 4.9% over the past year.
Price Volatility
SUR
Industry
5yr Volatility vs Market

SUR Value

 Is Sun 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 Sun Resources is trading at an attractive price based on the cash flow it is expected to produce in the future. But as Sun 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 Sun Resources. This is due to cash flow or dividend data being unavailable. The share price is A$0.002.
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 Sun Resources's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Sun Resources's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
ASX:SUR PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in AUD A$0.00
ASX:SUR Share Price ** ASX (2019-04-17) in AUD A$0
Australia Oil and Gas Industry PE Ratio Median Figure of 23 Publicly-Listed Oil and Gas Companies 7.92x
Australia Market PE Ratio Median Figure of 545 Publicly-Listed Companies 16.18x

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

** Primary Listing of Sun Resources.

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

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

= 0 ÷ 0.00

-1.45x

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

  • Sun Resources is loss making, we can't compare its value to the AU Oil and Gas industry average.
  • Sun Resources is loss making, we can't compare the value of its earnings to the Australia market.
Price based on expected Growth
Does Sun Resources's expected growth come at a high price?
Raw Data
ASX:SUR PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -1.45x
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 0.24x
Australia Market PEG Ratio Median Figure of 360 Publicly-Listed Companies 1.37x

*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 Sun Resources, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Sun Resources's assets?
Raw Data
ASX:SUR PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in AUD A$0.00
ASX:SUR Share Price * ASX (2019-04-17) in AUD A$0
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 1.67x
ASX:SUR PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 0 ÷ 0.00

-0.86x

* Primary Listing of Sun Resources.

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

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

Next steps:

  1. Take a look at our analysis of SUR’s management and see if the CEO’s compensation is within a reasonable range, who is on the board and if insiders have been trading lately.
  2. 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 Sun Resources's regulatory filings and announcements.
  3. Show me more potentially undervalued companies in the Oil and Gas industry
  4. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Value checks
We assess Sun 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. Sun 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.

SUR Future Performance

 How is Sun 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 Sun 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
4.2%
Expected Oil and Gas industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Sun Resources expected to grow at an attractive rate?
  • Unable to compare Sun Resources's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Sun Resources's earnings growth to the Australia market average as no estimate data is available.
  • Unable to compare Sun Resources's revenue growth to the Australia market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
ASX:SUR Future Growth Rates Data Sources
Data Point Source Value (per year)
Australia Oil and Gas Industry Earnings Growth Rate Market Cap Weighted Average 4.2%
Australia Oil and Gas Industry Revenue Growth Rate Market Cap Weighted Average 2.7%
Australia Market Earnings Growth Rate Market Cap Weighted Average 6.5%
Australia Market Revenue Growth Rate Market Cap Weighted Average 3.1%

*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:SUR 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:SUR Past Financials Data
Date (Data in AUD Millions) Revenue Cash Flow Net Income *
2018-12-31 -1 -1
2018-09-30 -1 -1
2018-06-30 -1 -1
2018-03-31 0 -1 -1
2017-12-31 0 -1 -1
2017-09-30 0 -1 -2
2017-06-30 0 -1 -3
2017-03-31 0 -1 -6
2016-12-31 0 -1 -9
2016-09-30 0 -1 -12
2016-06-30 0 -1 -14
2016-03-31 0 -1 -17

*GAAP earnings excluding extraordinary items.

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

ASX:SUR Past Financials Data
Date (Data in AUD Millions) EPS *
2018-12-31 0.00
2018-09-30 0.00
2018-06-30 0.00
2018-03-31 0.00
2017-12-31 0.00
2017-09-30 -0.01
2017-06-30 -0.01
2017-03-31 -0.02
2016-12-31 -0.04
2016-09-30 -0.05
2016-06-30 -0.07
2016-03-31 -0.09

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

Next steps:

  1. Take a look at our analysis of SUR’s management and see if the CEO’s compensation is within a reasonable range, who is on the board and if insiders have been trading lately.
  2. Sun 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. Sun 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
X
Future performance checks
We assess Sun 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.
Sun 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.

SUR Past Performance

  How has Sun 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 Sun 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.
  • Sun 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 Sun Resources's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Sun Resources's 1-year growth to the AU Oil and Gas industry average as it is not currently profitable.
Earnings and Revenue History
Sun 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 Sun Resources Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

ASX:SUR 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 -1.06 0.95
2018-09-30 -0.94 0.84
2018-06-30 -0.81 0.73
2018-03-31 0.01 -0.77 0.61
2017-12-31 0.03 -0.73 0.50
2017-09-30 0.06 -2.09 1.46
2017-06-30 0.09 -3.46 2.42
2017-03-31 0.07 -6.47 2.65
2016-12-31 0.04 -9.48 2.88
2016-09-30 0.08 -11.72 2.22
2016-06-30 0.11 -13.96 1.57
2016-03-31 0.13 -16.79 1.85
2015-12-31 0.14 -19.62 2.13
2015-09-30 0.11 -38.30 2.28
2015-06-30 0.09 -56.98 2.42
2015-03-31 0.34 -64.33 2.56
2014-12-31 0.59 -71.68 2.71
2014-09-30 0.66 -49.77 2.66
2014-06-30 0.72 -27.85 2.62
2014-03-31 0.54 -16.78 2.71
2013-12-31 0.36 -5.71 2.81
2013-09-30 0.44 -7.98 2.80
2013-06-30 0.52 -10.25 2.79
2013-03-31 0.46 -8.83 2.29
2012-12-31 0.40 -7.41 1.80
2012-09-30 0.27 -5.92 1.72
2012-06-30 0.13 -4.42 1.64

*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 Sun 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 Sun 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 Sun 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 Sun 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.
Sun 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.

SUR Health

 How is Sun 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 Sun Resources's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Sun Resources's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Sun Resources's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Sun 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.
  • Sun 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 Sun Resources Company Filings, last reported 3 months ago.

ASX:SUR Past Debt and Equity Data
Date (Data in AUD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 -1.87 1.31 0.01
2018-09-30 -1.87 1.31 0.01
2018-06-30 -1.44 1.17 0.08
2018-03-31 -1.44 1.17 0.08
2017-12-31 -0.94 1.10 0.65
2017-09-30 -0.94 1.10 0.65
2017-06-30 -1.73 1.07 0.32
2017-03-31 -1.73 1.07 0.32
2016-12-31 -1.48 1.05 0.84
2016-09-30 -1.48 1.05 0.84
2016-06-30 -1.37 1.02 0.14
2016-03-31 -1.37 1.02 0.14
2015-12-31 4.51 1.00 0.46
2015-09-30 4.51 1.00 0.46
2015-06-30 10.47 0.98 1.28
2015-03-31 10.47 0.98 1.28
2014-12-31 16.82 0.00 1.27
2014-09-30 16.82 0.00 1.27
2014-06-30 49.08 0.00 2.66
2014-03-31 49.08 0.00 2.66
2013-12-31 77.27 0.00 15.99
2013-09-30 77.27 0.00 15.99
2013-06-30 57.15 0.00 3.55
2013-03-31 57.15 0.00 3.55
2012-12-31 54.24 0.00 8.39
2012-09-30 54.24 0.00 8.39
2012-06-30 18.19 0.00 1.23
  • Sun Resources has negative shareholder equity (liabilities exceed assets), this is a more serious situation compared with a high debt level.
  • Irrelevant to check if Sun 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.

  • Sun Resources has less than a year of cash runway based on current free cash flow.
  • Sun Resources has less than a year of cash runway if free cash flow continues to reduce at historical rates of -36% each year.
X
Financial health checks
We assess Sun 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. Sun 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.

SUR Dividends

 What is Sun 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 Sun Resources dividends.
If you bought A$2,000 of Sun 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 Sun Resources's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Sun 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:SUR 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 2.5%
Australia Top 25% Dividend Yield 75th Percentile 5.8%

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

SUR Management

 What is the CEO of Sun 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.
CEO
Alex Parks
COMPENSATION A$379,112
AGE 43
TENURE AS CEO 1.3 years
CEO Bio

Mr. Alexander Bevan Parks, also known as Alex, GAICD, MEng has been Chief Executive Officer and Managing Director of Sun Resources NL since December 01, 2017. Mr. Parks had been Commercial Manager of Whitebark Energy Ltd since February 04, 2016 until October 2018. Mr. Parks was the Chief Executive Officer of Tamaska Oil and Gas Limited since February 21, 2013 until December 12, 2018 and its Managing Director since February 2014 until December 12, 2018. He is an Executive with over 18 years experience in the oil industry. Mr. Parks has managed companies and company projects in Australia, SE Asia, New Zealand, Europe, FSU and North Africa. He served as Chief Executive Officer of Mosaic Oil NL. He served as the Chief Commercial Officer of Cue Energy Resources Limited from March 21, 2011 to August 30, 2012. He joined Cue Energy in March 2011 and is responsible for business development matters. He served as Chief Executive Officer of AGL Upstream Gas (MOS) Pty Ltd., since August 18, 2009. Mr. Parks served as the Chief Executive Officer of Otto Energy Limited from November 9, 2006 to July 1, 2009. He held senior management positions for the last five years in Perth, including Managing Director of Troy-Ikoda Australasia and Technical Director of Geoscience and Engineering of RPS Energy (Australia/SE Asia) and had a 10-year career with it. He involved a wide variety of specific roles from strategic planning for small to mid-cap exploration and production companies, management of asset rationalisation via acquisitions and disposals, oil and gas field development planning and execution and leading multidisciplinary technical teams and drilling rig operations. He has been an Executive Director at Sun Resources NL since December 01, 2017. He served as a Non-Executive Director of Sun Resources NL from July 01, 2017 to November 30, 2017 and appointed to the board as Director in February 18, 2016. He has been a Non-Executive Director of Tamaska Oil and Gas Limited since February 17, 2014. He serves as a Director of TMK Montney Ltd. He is a founder or chair of various state Chapters and Boards of the Society of Petroleum Engineers (SPE), is a Member of both the Petroleum Exploration Society of Australia (PESA) and Australian Institute of Company Directors (AICD), and was awarded Young Petroleum Engineer of the Year (SE Asia) by the SPE in 2005. Mr. Parks has a Master of Engineering, Petroleum Engineering degree from the Imperial College London.

CEO Compensation
  • Alex's compensation has increased whilst company is loss making.
  • Alex's remuneration is about average for companies of similar size in Australia.
Management Team

Alex Parks

TITLE
CEO, MD & Director
COMPENSATION
A$379K
AGE
43
TENURE
1.3 yrs

Jo-Ann Long

TITLE
Company Secretary & CFO
COMPENSATION
A$16K
TENURE
1 yrs
Board of Directors Tenure

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

2.5
Average Tenure
  • The average tenure for the Sun Resources board of directors is less than 3 years, this suggests a new board.
Board of Directors

Ian McCubbing

TITLE
Chairman
COMPENSATION
A$50K
TENURE
2.5 yrs

Alex Parks

TITLE
CEO, MD & Director
COMPENSATION
A$379K
AGE
43
TENURE
3.2 yrs

Bill Bloking

TITLE
Non-Executive Director
COMPENSATION
A$36K
AGE
67
TENURE
2.5 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (A$) Value (A$)
X
Management checks
We assess Sun 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. Sun 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.

SUR News

Simply Wall St News

Do Insiders Own Shares In Sun Resources NL (ASX:SUR)?

A look at the shareholders of Sun Resources NL (ASX:SUR) can tell us which group is most powerful. … Institutions often own shares in more established companies, while it's not unusual to see insiders own a fair bit of smaller companies. … Sun Resources is a smaller company with a market capitalization of AU$2.4m, so it may still be flying under the radar of many institutional investors.

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Who Are Sun Resources NL's (ASX:SUR) Major Shareholders?

Today, I will be analyzing Sun Resources NL’s (ASX:SUR) recent ownership structure, an important but not-so-popular subject among individual investors. … When it comes to ownership structure of a company, the impact has been observed in both the long-and short-term performance of shares. … The effect of an active institutional investor with a similar ownership as a passive pension-fund can be vastly different on a company's corporate governance and accountability to shareholders.

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Should You Have Sun Resources NL's (ASX:SUR) In Your Portfolio?

A popular measure of market risk for a stock is its beta, and the market as a whole represents a beta value of one. … Based on this beta value, SUR appears to be a stock that an investor with a high-beta portfolio would look for to reduce risk exposure to the market. … Therefore, this is a type of risk which is associated with higher beta.

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What You Must Know About Sun Resources NL's (ASX:SUR) Major Investors

Today, I will be analyzing Sun Resources NL’s (ASX:SUR) recent ownership structure, an important but not-so-popular subject among individual investors. … View our latest analysis for Sun Resources ASX:SUR Ownership_summary May 31st 18 Institutional Ownership Institutional investors transact in large blocks which can influence the momentum of stock prices, at least in the short-term, especially when there is a low level of public shares available on the market to trade. … 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.

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Did Sun Resources NL's (ASX:SUR) Recent Earnings Growth Beat The Trend?

Today I will take you through a basic sense check to gain perspective on how Sun Resources is doing by evaluating its latest earnings with its longer term trend as well as its industry peers' performance over the same period. … Check out our latest analysis for Sun Resources Did SUR beat its long-term earnings growth trend and its industry? … I use the ‘latest twelve-month’ data, which annualizes the latest 6-month earnings release, or some times, the latest annual report is already the most recent financial data.

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Should You Be Holding Sun Resources NL (ASX:SUR) 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. … SUR, with its market capitalisation of AU$5.95M, is a small-cap stock, which generally have higher beta than similar companies of larger size. … However, this is the opposite to what SUR’s actual beta value suggests, which is higher stock volatility relative to the market.

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Who Are The Major Shareholders In Sun Resources NL (ASX:SUR)?

View our latest analysis for Sun Resources ASX:SUR Ownership_summary Feb 22nd 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. … 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. … As a result, potential investors should further explore the company's business relations with these companies and find out if they can affect shareholder returns in the long-term.Next Steps: Institutional ownership level and composition in SUR is not high nor active enough to significantly impact its investment thesis.

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Where Sun Resources NL (ASX:SUR) Stands In Terms Of Earnings Growth Against Its Industry

After reading Sun Resources NL's (ASX:SUR) most recent earnings announcement (30 June 2017), I found it useful to look back at how the company has performed in the past and compare this against the latest numbers. … View our latest analysis for Sun Resources Were SUR's earnings stronger than its past performances and the industry? … I like to use data from the most recent 12 months, which annualizes the latest 6-month earnings release, or some times, the latest annual report is already the most recent financial data.

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Interested In The Energy Industry? Take A Look At Sun Resources NL (ASX:SUR)

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 in the previous year, the industry saw growth of over 50%, beating the Australian market growth of 5.37%. … ASX:SUR PE PEG Gauge Nov 21st 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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Does Sun Resources NL (ASX:SUR) Need To Raise More Cash?

Companies with high cash burn rates can eventually turn into ashes, which makes it the biggest risk an investor in loss-making companies face. … Though, if opex continues to rise at this rate, given how much cash reserves SUR currently has, it will actually need to raise capital again within the next couple of months! … The cash burn analysis result indicates a cash constraint for SUR, due to its current opex growth rate and its level of cash reserves.

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SUR Company Info

Description

Sun Resources NL engages in the exploration, development and production of oil and gas projects in Australia and the United States. It holds a 50% interest in Bowsprit oil project comprising 577 net acres located to the southeast of New Orleans. The company is headquartered in West Perth, Australia.

Details
Name: Sun Resources NL
SUR
Exchange: ASX
Founded:
A$1,724,615
862,307,588
Website: http://www.sunres.com.au
Address: Sun Resources NL
30 Richardson Street,
Level 2,
West Perth,
Western Australia, 6005,
Australia
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
ASX SUR Ordinary Shares Australian Securities Exchange AU AUD 12. Jan 1994
DB RSX Ordinary Shares Deutsche Boerse AG DE EUR 12. Jan 1994
CHIA SUR Ordinary Shares Chi-X Australia AU AUD 12. Jan 1994
Number of employees
Current staff
Staff numbers
0
Sun Resources employees.
Industry
Oil and Gas Exploration and Production
Energy
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/20 10:31
End of day share price update: 2019/04/17 00:00
Last earnings filing: 2019/03/15
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.