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AL8

Alderan ResourcesASX:AL8 Stock Report

Market Cap

AU$18.3m

7D

0%

1Y

-65.6%

Updated

17 Oct, 2021

Data

Company Financials
AL8 fundamental analysis
Snowflake Score
Valuation1/6
Future Growth0/6
Past Performance0/6
Financial Health4/6
Dividends0/6

AL8 Overview

Alderan Resources Limited engages in the mineral exploration activities in the United States.

Price History & Performance

Summary of all time highs, changes and price drops for Alderan Resources
Historical stock prices
Current Share PriceAU$0.043
52 Week HighAU$0.038
52 Week LowAU$0.14
Beta1.16
1 Month Change-12.25%
3 Month Change-14.00%
1 Year Change-65.60%
3 Year Change-84.36%
5 Year Changen/a
Change since IPO-88.68%

Recent News & Updates

Shareholder Returns

AL8AU Metals and MiningAU Market
7D0%4.3%0.9%
1Y-65.6%12.2%20.2%

Return vs Industry: AL8 underperformed the Australian Metals and Mining industry which returned 12.2% over the past year.

Return vs Market: AL8 underperformed the Australian Market which returned 20.2% over the past year.

Price Volatility

Is AL8's price volatile compared to industry and market?
AL8 volatility
AL8 Beta1.16
Industry Beta0.97
Market Beta1

Stable Share Price: AL8 is not significantly more volatile than the rest of Australian stocks over the past 3 months, typically moving +/- 10% a week.

Volatility Over Time: AL8's weekly volatility (10%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
20137Scott Caithnesshttps://www.alderanresources.com.au

Alderan Resources Limited engages in the mineral exploration activities in the United States. The company explores for copper, gold, zinc, lead, and silver ores. Its flagship property is the Detroit project located in Detroit Mining District, Utah.

Alderan Resources Fundamentals Summary

How do Alderan Resources's earnings and revenue compare to its market cap?
AL8 fundamental statistics
Market CapAU$18.30m
Earnings (TTM)-AU$2.05m
Revenue (TTM)n/a

0x

P/S Ratio

-8.9x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
AL8 income statement (TTM)
RevenueAU$0
Cost of RevenueAU$0
Gross ProfitAU$0
ExpensesAU$2.05m
Earnings-AU$2.05m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)-0.0048
Gross Margin0.00%
Net Profit Margin0.00%
Debt/Equity Ratio0.0%

How did AL8 perform over the long term?

See historical performance and comparison

Valuation

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

1.47x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate AL8's fair value to establish if it is undervalued.

Significantly Below Fair Value: Insufficient data to calculate AL8's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: AL8 is unprofitable, so we can't compare its PE Ratio to the Australian Metals and Mining industry average.

PE vs Market: AL8 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 AL8's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: AL8 is good value based on its PB Ratio (1.5x) compared to the AU Metals and Mining industry average (2.5x).


Future Growth

How is Alderan Resources forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

-0.3%

Forecasted Materials industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Alderan 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 SimplyWall St do have past financial data.


Past Performance

How has Alderan Resources performed over the past 5 years?

-4.0%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: AL8 is currently unprofitable.

Growing Profit Margin: AL8 is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: AL8 is unprofitable, and losses have increased over the past 5 years at a rate of 4% per year.

Accelerating Growth: Unable to compare AL8's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: AL8 is unprofitable, making it difficult to compare its past year earnings growth to the Metals and Mining industry (35.3%).


Return on Equity

High ROE: AL8 has a negative Return on Equity (-16.45%), as it is currently unprofitable.


Financial Health

How is Alderan Resources's financial position?


Financial Position Analysis

Short Term Liabilities: AL8's short term assets (A$923.1K) exceed its short term liabilities (A$262.9K).

Long Term Liabilities: AL8 has no long term liabilities.


Debt to Equity History and Analysis

Debt Level: AL8 is debt free.

Reducing Debt: AL8 has no debt compared to 5 years ago when its debt to equity ratio was 27.7%.


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: AL8 has less than a year of cash runway based on its current free cash flow.

Forecast Cash Runway: AL8 has less than a year of cash runway if free cash flow continues to reduce at historical rates of 11.4% each year


Dividend

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


Dividend Yield vs Market

Notable Dividend: Unable to evaluate AL8's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate AL8'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 AL8's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if AL8'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 AL8'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?

1.3yrs

Average management tenure


CEO

Scott Caithness (61 yo)

0.50

Tenure

AU$181,798

Compensation

Mr. Scott James Caithness serves as Managing Director and Director at Alderan Resources Limited since April 6, 2021. Mr. Caithness was Director of Exploration at Hindustan Zinc Ltd. He had been Director -...


CEO Compensation Analysis

Compensation vs Market: Scott's total compensation ($USD134.94K) is below average for companies of similar size in the Australian market ($USD302.72K).

Compensation vs Earnings: Insufficient data to compare Scott's compensation with company performance.


Leadership Team

Experienced Management: AL8's management team is not considered experienced ( 1.3 years average tenure), which suggests a new team.


Board Members

Experienced Board: AL8's board of directors are not considered experienced ( 2.5 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: AL8 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 substantially diluted in the past year, with total shares outstanding growing by 62.5%.


Top Shareholders

Company Information

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


Key Information

  • Name: Alderan Resources Limited
  • Ticker: AL8
  • Exchange: ASX
  • Founded: 2013
  • Industry: Diversified Metals and Mining
  • Sector: Materials
  • Market Cap: AU$18.299m
  • Shares outstanding: 425.57m
  • Website: https://www.alderanresources.com.au

Number of Employees


Location

  • Alderan Resources Limited
  • 513 Hay Street
  • Suite 23
  • Subiaco
  • Western Australia
  • 6008
  • Australia

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/17 07:01
End of Day Share Price2021/10/15 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.