Alkane Resources Limited operates as a multi-commodity exploration and development company in Australia.
Alkane Resources Competitors
Price History & Performance
|Historical stock prices|
|Current Share Price||AU$0.90|
|52 Week High||AU$0.66|
|52 Week Low||AU$1.40|
|1 Month Change||11.11%|
|3 Month Change||-17.05%|
|1 Year Change||-27.71%|
|3 Year Change||318.60%|
|5 Year Change||68.22%|
|Change since IPO||500.00%|
Recent News & Updates
These 4 Measures Indicate That Alkane Resources (ASX:ALK) Is Using Debt Reasonably Well
Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...
How Many Alkane Resources Limited (ASX:ALK) Shares Have Insiders Sold, In The Last Year?
It is not uncommon to see companies perform well in the years after insiders buy shares. On the other hand, we'd be...
|ALK||AU Metals and Mining||AU Market|
Return vs Industry: ALK underperformed the Australian Metals and Mining industry which returned 15.6% over the past year.
Return vs Market: ALK underperformed the Australian Market which returned 24.4% over the past year.
Stable Share Price: ALK is not significantly more volatile than the rest of Australian stocks over the past 3 months, typically moving +/- 7% a week.
Volatility Over Time: ALK's weekly volatility (7%) has been stable over the past year.
About the Company
Alkane Resources Limited operates as a multi-commodity exploration and development company in Australia. It explores for gold, copper, zinc, titanium, nickel, cobalt, and rare earth elements. The company owns an interests in the Tomingley Gold project that consists of four gold deposits; and the Northern Molong Porphyry Project, which covers an area of 115 square kilometers located in the Central West of New South Wales.
Alkane Resources Fundamentals Summary
|ALK fundamental statistics|
Is ALK overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|ALK income statement (TTM)|
|Cost of Revenue||AU$66.49m|
Last Reported Earnings
Jun 30, 2021
Next Earnings Date
|Earnings per share (EPS)||0.056|
|Net Profit Margin||26.26%|
How did ALK perform over the long term?See historical performance and comparison
Is Alkane Resources undervalued compared to its fair value and its price relative to the market?
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: ALK (A$0.9) is trading above our estimate of fair value (A$0.25)
Significantly Below Fair Value: ALK is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: ALK is poor value based on its PE Ratio (16x) compared to the Australian Metals and Mining industry average (14.6x).
PE vs Market: ALK is good value based on its PE Ratio (16x) compared to the Australian market (20x).
Price to Earnings Growth Ratio
PEG Ratio: ALK is poor value based on its PEG Ratio (2.3x)
Price to Book Ratio
PB vs Industry: ALK is overvalued based on its PB Ratio (2.8x) compared to the AU Metals and Mining industry average (2.6x).
How is Alkane Resources forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: ALK's forecast earnings growth (6.9% per year) is above the savings rate (1.9%).
Earnings vs Market: ALK's earnings (6.9% per year) are forecast to grow slower than the Australian market (12.4% per year).
High Growth Earnings: ALK's earnings are forecast to grow, but not significantly.
Revenue vs Market: ALK's revenue (12.7% per year) is forecast to grow faster than the Australian market (5.3% per year).
High Growth Revenue: ALK's revenue (12.7% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: ALK's Return on Equity is forecast to be low in 3 years time (9.2%).
How has Alkane Resources performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: ALK has a high level of non-cash earnings.
Growing Profit Margin: ALK's current net profit margins (26.3%) are higher than last year (18.4%).
Past Earnings Growth Analysis
Earnings Trend: ALK's earnings have grown significantly by 45.7% per year over the past 5 years.
Accelerating Growth: ALK's earnings growth over the past year (151.5%) exceeds its 5-year average (45.7% per year).
Earnings vs Industry: ALK earnings growth over the past year (151.5%) exceeded the Metals and Mining industry 35.3%.
Return on Equity
High ROE: ALK's Return on Equity (17.5%) is considered low.
How is Alkane Resources's financial position?
Financial Position Analysis
Short Term Liabilities: ALK's short term assets (A$33.1M) exceed its short term liabilities (A$18.2M).
Long Term Liabilities: ALK's short term assets (A$33.1M) exceed its long term liabilities (A$26.5M).
Debt to Equity History and Analysis
Debt Level: ALK is debt free.
Reducing Debt: ALK has no debt compared to 5 years ago when its debt to equity ratio was 0.02%.
Debt Coverage: ALK has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: ALK has no debt, therefore coverage of interest payments is not a concern.
What is Alkane Resources's current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Notable Dividend: Unable to evaluate ALK's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate ALK's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if ALK's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if ALK's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of ALK's dividend in 3 years as they are not forecast to pay a notable one for the Australian market.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Mr. Nicolas Paul Earner, also known as Nic, BEng (hons), has been Managing Director and Director of Alkane Resources Ltd. since September 1, 2017. He has been an Independent Non-Executive Director of Austr...
CEO Compensation Analysis
Compensation vs Market: Nic's total compensation ($USD1.00M) is above average for companies of similar size in the Australian market ($USD723.99K).
Compensation vs Earnings: Nic's compensation has been consistent with company performance over the past year.
Experienced Management: ALK's management team is considered experienced (3.3 years average tenure).
Experienced Board: ALK's board of directors are considered experienced (4.1 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Alkane Resources Limited's employee growth, exchange listings and data sources
- Name: Alkane Resources Limited
- Ticker: ALK
- Exchange: ASX
- Founded: 1969
- Industry: Gold
- Sector: Materials
- Market Cap: AU$530.069m
- Shares outstanding: 595.58m
- Website: https://www.alkane.com.au
- Alkane Resources Limited
- 66 Kings Park Road
- Level 4
- West Perth
- Western Australia
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/10/26 07:01|
|End of Day Share Price||2021/10/26 00:00|
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.