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VMY

Vimy ResourcesASX:VMY Stock Report

Market Cap

AU$308.7m

7D

3.6%

1Y

691.7%

Updated

20 Oct, 2021

Data

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

VMY Overview

Vimy Resources Limited, a resource development company, explores for and evaluates uranium projects in Australia.

Vimy Resources Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Vimy Resources
Historical stock prices
Current Share PriceAU$0.28
52 Week HighAU$0.03
52 Week LowAU$0.31
Beta1.54
1 Month Change35.71%
3 Month Change159.09%
1 Year Change691.67%
3 Year Change270.13%
5 Year Change9.62%
Change since IPO-93.21%

Recent News & Updates

Oct 17
We Think Vimy Resources (ASX:VMY) Can Afford To Drive Business Growth

We Think Vimy Resources (ASX:VMY) Can Afford To Drive Business Growth

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

Shareholder Returns

VMYAU Oil and GasAU Market
7D3.6%0.2%1.7%
1Y691.7%48.7%20.2%

Return vs Industry: VMY exceeded the Australian Oil and Gas industry which returned 48.7% over the past year.

Return vs Market: VMY exceeded the Australian Market which returned 20.2% over the past year.

Price Volatility

Is VMY's price volatile compared to industry and market?
VMY volatility
VMY Beta1.54
Industry Beta1.28
Market Beta1

Stable Share Price: VMY is more volatile than 90% of Australian stocks over the past 3 months, typically moving +/- 20% a week.

Volatility Over Time: VMY's weekly volatility (20%) has been stable over the past year, but is still higher than 75% of Australian stocks.

About the Company

FoundedEmployeesCEOWebsite
2006n/aSteven Michaelhttps://www.vimyresources.com.au

Vimy Resources Limited, a resource development company, explores for and evaluates uranium projects in Australia. The company's flagship property is the 100% owned Mulga Rock project located to the east-northeast of the Kalgoorlie in Western Australia. It also holds 100% interest in the Alligator River project located in Alligator River uranium district, Northern Territory.

Vimy Resources Fundamentals Summary

How do Vimy Resources's earnings and revenue compare to its market cap?
VMY fundamental statistics
Market CapAU$308.71m
Earnings (TTM)-AU$6.87m
Revenue (TTM)n/a

0x

P/S Ratio

-43.4x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
VMY income statement (TTM)
RevenueAU$0
Cost of RevenueAU$0
Gross ProfitAU$0
ExpensesAU$6.87m
Earnings-AU$6.87m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)-0.0066
Gross Margin0.00%
Net Profit Margin0.00%
Debt/Equity Ratio0.0%

How did VMY perform over the long term?

See historical performance and comparison

Valuation

Is Vimy Resources undervalued compared to its fair value and its price relative to the market?

10.45x

Price to Book (PB) ratio


Share Price vs. Fair Value

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

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


Price To Earnings Ratio

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

PE vs Market: VMY 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 VMY's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: VMY is overvalued based on its PB Ratio (10.5x) compared to the AU Oil and Gas industry average (2.5x).


Future Growth

How is Vimy Resources forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?

-16.5%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: VMY is forecast to remain unprofitable over the next 3 years.

Earnings vs Market: VMY is forecast to remain unprofitable over the next 3 years.

High Growth Earnings: VMY is forecast to remain unprofitable over the next 3 years.

Revenue vs Market: Insufficient data to determine if VMY's revenue is forecast to grow faster than the Australian market.

High Growth Revenue: VMY is forecast to have no revenue next year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: VMY is forecast to be unprofitable in 3 years.


Past Performance

How has Vimy Resources performed over the past 5 years?

20.0%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: VMY is currently unprofitable.

Growing Profit Margin: VMY is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: VMY is unprofitable, but has reduced losses over the past 5 years at a rate of 20% per year.

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

Earnings vs Industry: VMY 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: VMY has a negative Return on Equity (-24.07%), as it is currently unprofitable.


Financial Health

How is Vimy Resources's financial position?


Financial Position Analysis

Short Term Liabilities: VMY's short term assets (A$24.4M) exceed its short term liabilities (A$1.1M).

Long Term Liabilities: VMY's short term assets (A$24.4M) exceed its long term liabilities (A$1.3M).


Debt to Equity History and Analysis

Debt Level: VMY is debt free.

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


Balance Sheet


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

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

Forecast Cash Runway: VMY has sufficient cash runway for 1.7 years if free cash flow continues to grow at historical rates of 8.8% each year.


Dividend

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


Dividend Yield vs Market

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

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

Growing Dividend: Insufficient data to determine if VMY'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 VMY's dividend in 3 years as they are not forecast to pay a notable one for the Australian market.


Next Steps

Management

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

2.6yrs

Average management tenure


CEO

Steven Michael (47 yo)

0.17

Tenure

Mr. Steven Michael, B.Com, CA, MAICD, has been Interim Chief Executive Officer at Vimy Resources Limited since August 2021. Mr. Michael serves as the Non-Executive Director of Tanga Resources Limited since...


Leadership Team

Experienced Management: VMY's management team is considered experienced (2.6 years average tenure).


Board Members

Experienced Board: VMY's board of directors are considered experienced (7.4 years average tenure).


Ownership

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


Insider Trading Volume

Insider Buying: VMY insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 34.4%.


Top Shareholders

Company Information

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


Key Information

  • Name: Vimy Resources Limited
  • Ticker: VMY
  • Exchange: ASX
  • Founded: 2006
  • Industry: Coal and Consumable Fuels
  • Sector: Energy
  • Market Cap: AU$308.706m
  • Shares outstanding: 1.05b
  • Website: https://www.vimyresources.com.au

Location

  • Vimy Resources Limited
  • 1209 Hay Street
  • Level 1
  • West Perth
  • Western Australia
  • 6005
  • Australia

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/20 07:05
End of Day Share Price2021/10/20 00:00
Earnings2021/06/30
Annual Earnings2021/06/30


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.