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ARL

Ardea Resources ASX:ARL Stock Report

Last Price

AU$0.78

Market Cap

AU$132.4m

7D

-11.9%

1Y

45.8%

Updated

24 Jun, 2022

Data

Company Financials
ARL fundamental analysis
Snowflake Score
Valuation1/6
Future Growth0/6
Past Performance0/6
Financial Health6/6
Dividends0/6

ARL Stock Overview

Ardea Resources Limited engages in the exploration and development of mineral properties in Australia.

Ardea Resources Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Ardea Resources
Historical stock prices
Current Share PriceAU$0.78
52 Week HighAU$2.05
52 Week LowAU$0.43
Beta1.05
1 Month Change-32.17%
3 Month Change-52.29%
1 Year Change45.79%
3 Year Change108.00%
5 Year Change34.48%
Change since IPO333.33%

Recent News & Updates

Shareholder Returns

ARLAU Metals and MiningAU Market
7D-11.9%-6.2%0.3%
1Y45.8%-12.6%-12.2%

Return vs Industry: ARL exceeded the Australian Metals and Mining industry which returned -12.6% over the past year.

Return vs Market: ARL exceeded the Australian Market which returned -12.2% over the past year.

Price Volatility

Is ARL's price volatile compared to industry and market?
ARL volatility
ARL Average Weekly Movement11.0%
Metals and Mining Industry Average Movement11.3%
Market Average Movement9.6%
10% most volatile stocks in AU Market16.2%
10% least volatile stocks in AU Market4.2%

Stable Share Price: ARL is not significantly more volatile than the rest of Australian stocks over the past 3 months, typically moving +/- 11% a week.

Volatility Over Time: ARL's weekly volatility (11%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
2016n/aAndrew Penkethmanhttps://www.ardearesources.com.au

Ardea Resources Limited engages in the exploration and development of mineral properties in Australia. The company explores for nickel, cobalt, scandium, gold, PGEs, and copper deposits. It holds 100% interest in Kalgoorlie Nickel Project (KNP) located in the Kalgoorlie, Western Australia that comprises nickel and cobalt mineral resources, and nickel sulphide and gold prospects; and Bardoc Tectonic Zone Gold Project, which has nickel sulphide prospects.

Ardea Resources Fundamentals Summary

How do Ardea Resources's earnings and revenue compare to its market cap?
ARL fundamental statistics
Market CapAU$132.40m
Earnings (TTM)-AU$2.30m
Revenue (TTM)AU$79.59k

1,696x

P/S Ratio

-57.7x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
ARL income statement (TTM)
RevenueAU$79.59k
Cost of RevenueAU$0
Gross ProfitAU$79.59k
Other ExpensesAU$2.38m
Earnings-AU$2.30m

Last Reported Earnings

Dec 31, 2021

Next Earnings Date

n/a

Earnings per share (EPS)-0.014
Gross Margin100.00%
Net Profit Margin-2,885.28%
Debt/Equity Ratio0%

How did ARL perform over the long term?

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

Valuation

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

Valuation Score

1/6

Valuation Score 1/6

  • Price-To-Book vs Peers

  • Price-To-Book vs Industry

  • Price-To-Book vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • PEG Ratio

Key Valuation Metric

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

Other financial metrics that can be useful for relative valuation.

ARL 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/Revenue1586.1x
Enterprise Value/EBITDA-132.9x
PEG Ration/a

Price to Book Ratio vs Peers

How does ARL's PB Ratio compare to its peers?

ARL PB Ratio vs Peers
The above table shows the PB ratio for ARL vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPBEstimated GrowthMarket Cap
Peer Average6.2x
NTU Northern Minerals
11.1xn/aAU$184.8m
SFX Sheffield Resources
1.2xn/aAU$157.7m
LRS Latin Resources
9.8xn/aAU$127.4m
LPD Lepidico
2.5x65.6%AU$169.2m
ARL Ardea Resources
4.1xn/aAU$132.4m

Price-To-Book vs Peers: ARL is good value based on its Price-To-Book Ratio (4.1x) compared to the peer average (6.2x).


Price to Earnings Ratio vs Industry

How does ARL's PE Ratio compare vs other companies in the Australian Metals and Mining Industry?

Price-To-Book vs Industry: ARL is expensive based on its Price-To-Book Ratio (4.1x) compared to the Australian Metals and Mining industry average (1.8x)


Price to Book Ratio vs Fair Ratio

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

ARL PB Ratio vs Fair Ratio.
Fair Ratio
Current PB Ratio4.1x
Fair PB Ration/a

Price-To-Book vs Fair Ratio: Insufficient data to calculate ARL's Price-To-Book Fair Ratio for valuation analysis.


Share Price vs Fair Value

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

Below Fair Value: Insufficient data to calculate ARL's fair value for valuation analysis.

Significantly Below Fair Value: Insufficient data to calculate ARL's fair value for valuation analysis.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate ARL's PEG Ratio to determine if it is good value.


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Future Growth

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

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


-7.5%

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 Ardea 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.


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  • Examine Ardea Resources's financial health to determine how well-positioned it is against times of financial stress by looking at its level of debt over time and how much cash it has left.
  • Ardea Resources competitive advantages and company strategy can generally be found in its financial reports archived here.

Past Performance

How has Ardea Resources performed over the past 5 years?

Past Performance Score

0/6

Past Performance Score 0/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


1.4%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: ARL is currently unprofitable.

Growing Profit Margin: ARL is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: ARL is unprofitable, but has reduced losses over the past 5 years at a rate of 1.4% per year.

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

Earnings vs Industry: ARL is unprofitable, making it difficult to compare its past year earnings growth to the Metals and Mining industry (57.3%).


Return on Equity

High ROE: ARL has a negative Return on Equity (-7.04%), as it is currently unprofitable.


Discover strong past performing companies

Financial Health

How is Ardea Resources's financial position?

Financial Health Score

6/6

Financial Health Score 6/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Stable Cash Runway

  • Forecast Cash Runway

Financial Position Analysis

Short Term Liabilities: ARL's short term assets (A$8.3M) exceed its short term liabilities (A$1.2M).

Long Term Liabilities: ARL has no long term liabilities.


Debt to Equity History and Analysis

Debt Level: ARL is debt free.

Reducing Debt: ARL has not had any debt for past 5 years.


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: ARL has sufficient cash runway for 7 months based on last reported free cash flow, but has since raised additional capital.

Forecast Cash Runway: ARL is forecast to have sufficient cash runway for 7 months based on free cash flow estimates, but has since raised additional capital.


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Dividend

What is Ardea 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

  • Future Dividend Coverage

Dividend Yield vs Market

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

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

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


Earnings Payout to Shareholders

Earnings Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Cash Payout to Shareholders

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


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Management

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

4.0yrs

Average management tenure


CEO

Andrew Penkethman

3.17yrs

Tenure

AU$441,084

Compensation

Mr. Andrew Penkethman, BSc, FAusIMM, MAIG, has been Chief Executive Officer and of Managing Director of Ardea Resources Limited since April 1, 2019 and February 5, 2020 respectively and also serves as its...


CEO Compensation Analysis

Compensation vs Market: Andrew's total compensation ($USD304.70K) is about average for companies of similar size in the Australian market ($USD289.03K).

Compensation vs Earnings: Andrew's compensation has increased whilst the company is unprofitable.


Leadership Team

Experienced Management: ARL's management team is considered experienced (4 years average tenure).


Ownership

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


Insider Trading Volume

Insider Buying: ARL 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 33%.


Top Shareholders

Company Information

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


Key Information

  • Name: Ardea Resources Limited
  • Ticker: ARL
  • Exchange: ASX
  • Founded: 2016
  • Industry: Diversified Metals and Mining
  • Sector: Materials
  • Implied Market Cap: AU$132.395m
  • Shares outstanding: 169.74m
  • Website: https://www.ardearesources.com.au

Location

  • Ardea Resources Limited
  • 45 Ord Street
  • Suite 2
  • 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 Analysis2022/06/24 00:00
End of Day Share Price2022/06/24 00:00
Earnings2021/12/31
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.