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AX8

Accelerate ResourcesASX:AX8 Stock Report

Market Cap

AU$8.6m

7D

2.3%

1Y

-49.4%

Updated

15 Oct, 2021

Data

Company Financials
AX8 fundamental analysis
Snowflake Score
Valuation1/6
Future Growth0/6
Past Performance0/6
Financial Health5/6
Dividends0/6

AX8 Overview

Accelerate Resources Limited operates as an exploration company in Canada and Western Australia.

Price History & Performance

Summary of all time highs, changes and price drops for Accelerate Resources
Historical stock prices
Current Share PriceAU$0.044
52 Week HighAU$0.028
52 Week LowAU$0.14
Beta0.59
1 Month Change0%
3 Month Change25.71%
1 Year Change-49.43%
3 Year Change-54.17%
5 Year Changen/a
Change since IPO-77.44%

Recent News & Updates

Shareholder Returns

AX8AU Metals and MiningAU Market
7D2.3%2.4%0.1%
1Y-49.4%10.1%19.3%

Return vs Industry: AX8 underperformed the Australian Metals and Mining industry which returned 10.1% over the past year.

Return vs Market: AX8 underperformed the Australian Market which returned 19.3% over the past year.

Price Volatility

Is AX8's price volatile compared to industry and market?
AX8 volatility
AX8 Beta0.59
Industry Beta0.97
Market Beta1

Stable Share Price: AX8 is not significantly more volatile than the rest of Australian stocks over the past 3 months, typically moving +/- 12% a week.

Volatility Over Time: AX8's weekly volatility (12%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
2017n/aYaxi Zhanhttps://www.ax8.com.au

Accelerate Resources Limited operates as an exploration company in Canada and Western Australia. The company explores for gold, copper, and silver deposits. It holds 100% interests in the Comet Gold Project comprising five granted exploration licenses that covers 220 square kilometers located at the southern end of the Tuckabianna Shear Zone; and Tambellup Kaolin Project, including two granted exploration licenses covering an area of 242 km2 in the Southwest of Western Australia.

Accelerate Resources Fundamentals Summary

How do Accelerate Resources's earnings and revenue compare to its market cap?
AX8 fundamental statistics
Market CapAU$8.61m
Earnings (TTM)-AU$3.37m
Revenue (TTM)AU$110.32k

78.6x

P/S Ratio

-2.6x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
AX8 income statement (TTM)
RevenueAU$110.32k
Cost of RevenueAU$0
Gross ProfitAU$110.32k
ExpensesAU$3.48m
Earnings-AU$3.37m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)-0.017
Gross Margin100.00%
Net Profit Margin-3,058.40%
Debt/Equity Ratio0.0%

How did AX8 perform over the long term?

See historical performance and comparison

Valuation

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

2.37x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate AX8's fair value to establish if it is undervalued.

Significantly Below Fair Value: Insufficient data to calculate AX8's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: AX8 is unprofitable, so we can't compare its PE Ratio to the Australian Metals and Mining industry average.

PE vs Market: AX8 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 AX8's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: AX8 is good value based on its PB Ratio (2.4x) compared to the AU Metals and Mining industry average (2.5x).


Future Growth

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

0.01%

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 Accelerate 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 Accelerate Resources performed over the past 5 years?

-32.7%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: AX8 is currently unprofitable.

Growing Profit Margin: AX8 is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: AX8 is unprofitable, and losses have increased over the past 5 years at a rate of 32.7% per year.

Accelerating Growth: Unable to compare AX8's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: AX8 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: AX8 has a negative Return on Equity (-92.76%), as it is currently unprofitable.


Financial Health

How is Accelerate Resources's financial position?


Financial Position Analysis

Short Term Liabilities: AX8's short term assets (A$2.3M) exceed its short term liabilities (A$143.9K).

Long Term Liabilities: AX8 has no long term liabilities.


Debt to Equity History and Analysis

Debt Level: AX8 is debt free.

Reducing Debt: AX8 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: AX8 has sufficient cash runway for more than a year based on its current free cash flow.

Forecast Cash Runway: AX8 has less than a year of cash runway if free cash flow continues to grow at historical rates of 9.7% each year.


Dividend

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


Dividend Yield vs Market

Notable Dividend: Unable to evaluate AX8's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate AX8'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 AX8's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if AX8'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 AX8'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?

2.7yrs

Average management tenure


CEO

Yaxi Zhan

4.58yrs

Tenure

AU$280,957

Compensation

Ms. Yaxi Zhan serves as the Managing Director of Accelerate Resources Ltd. since March 07, 2017 and serves as its Founding Director since March 07, 2017. Ms. Zhan has an experience in the resources sector...


CEO Compensation Analysis

Compensation vs Market: Yaxi's total compensation ($USD208.35K) is below average for companies of similar size in the Australian market ($USD300.24K).

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


Leadership Team

Experienced Management: AX8's management team is considered experienced (2.7 years average tenure).


Board Members

Experienced Board: AX8's board of directors are considered experienced (4.3 years average tenure).


Ownership

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.


Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 36.7%.


Top Shareholders

Company Information

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


Key Information

  • Name: Accelerate Resources Limited
  • Ticker: AX8
  • Exchange: ASX
  • Founded: 2017
  • Industry: Diversified Metals and Mining
  • Sector: Materials
  • Market Cap: AU$8.613m
  • Shares outstanding: 195.75m
  • Website: https://www.ax8.com.au

Location

  • Accelerate Resources Limited
  • Unit 4
  • Ground Floor, Suite 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 Analysis2021/10/15 15:53
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.