ASX:CII

Stock Analysis Report

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Executive Summary

CI Resources Limited, together with its subsidiaries, engages in mining, processing, and sale of phosphate rock, phosphate dust, and chalk in Australia, Malaysia, and Singapore. More Details


Snowflake Analysis

Flawless balance sheet and overvalued.

Share Price & News

How has CI Resources's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: CII has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

0%

CII

-0.2%

AU Metals and Mining

0.01%

AU Market


1 Year Return

-23.6%

CII

15.3%

AU Metals and Mining

-5.7%

AU Market

Return vs Industry: CII underperformed the Australian Metals and Mining industry which returned 17.4% over the past year.

Return vs Market: CII underperformed the Australian Market which returned -5.6% over the past year.


Shareholder returns

CIIIndustryMarket
7 Day0%-0.2%0.01%
30 Day-3.5%-1.5%5.4%
90 Dayn/a-0.3%4.0%
1 Year-23.6%-23.6%20.7%15.3%-2.4%-5.7%
3 Year-43.2%-46.9%60.6%38.8%18.0%3.0%
5 Year-4.2%-20.1%131.6%87.5%42.1%13.2%

Price Volatility Vs. Market

How volatile is CI Resources's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

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

3460.14x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: CII (A$0.96) is trading above our estimate of fair value (A$0.01)

Significantly Below Fair Value: CII is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: CII is poor value based on its PE Ratio (3460.1x) compared to the AU Metals and Mining industry average (12x).

PE vs Market: CII is poor value based on its PE Ratio (3460.1x) compared to the Australian market (21.4x).


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: CII is good value based on its PB Ratio (0.6x) compared to the AU Metals and Mining industry average (2.6x).


Next Steps

Future Growth

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

3.4%

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 CI 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.


Next Steps

Past Performance

How has CI Resources performed over the past 5 years?

-32.0%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: CII has a large one-off loss of A$3.8M impacting its June 30 2020 financial results.

Growing Profit Margin: CII's current net profit margins (0.03%) are lower than last year (6.4%).


Past Earnings Growth Analysis

Earnings Trend: CII's earnings have declined by 32% per year over the past 5 years.

Accelerating Growth: CII's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: CII had negative earnings growth (-99.6%) over the past year, making it difficult to compare to the Metals and Mining industry average (22.2%).


Return on Equity

High ROE: CII's Return on Equity (0.02%) is considered low.


Next Steps

Financial Health

How is CI Resources's financial position?


Financial Position Analysis

Short Term Liabilities: CII's short term assets (A$114.9M) exceed its short term liabilities (A$23.8M).

Long Term Liabilities: CII's short term assets (A$114.9M) exceed its long term liabilities (A$36.0M).


Debt to Equity History and Analysis

Debt Level: CII's debt to equity ratio (9.8%) is considered satisfactory.

Reducing Debt: CII had negative shareholder equity 5 years ago, but is now positive and has therefore improved.

Debt Coverage: CII's debt is well covered by operating cash flow (49.1%).

Interest Coverage: CII's interest payments on its debt are well covered by EBIT (5x coverage).


Balance Sheet


Next Steps

Dividend

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


Dividend Yield vs Market

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

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

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


Current Payout to Shareholders

Dividend Coverage: CII is not paying a notable dividend for the Australian market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of CII'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?

5.6yrs

Average management tenure


CEO

Ah Hong Lai

5.58yrs

Tenure

AU$883,519

Compensation

Mr. Ah Hong Lai has been the Managing Director of CI Resources Limited since March 09, 2015. Mr. Lai serves as Managing Director of Phosphate Resources Limited. He is responsible for the day-to-day running ...


CEO Compensation Analysis

Compensation vs Market: Ah Hong's total compensation ($USD626.08K) is above average for companies of similar size in the Australian market ($USD277.02K).

Compensation vs Earnings: Ah Hong's compensation has been consistent with company performance over the past year.


Leadership Team

NamePositionTenureCompensationOwnership
Ah Hong Lai
MD, CEO & Executive Director5.58yrsAU$883.52k2.21%
A$ 2.4m
Darren Gold
Group Chief Financial Officer5.08yrsAU$415.35kno data
Lip Sin Tee
Executive Director13.33yrsAU$214.65k8.82%
A$ 9.7m
Bee Hiang Lee
Company Secretary9.67yrsAU$48.68kno data

5.6yrs

Average Tenure

Experienced Management: CII's management team is seasoned and experienced (5.6 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Ah Hong Lai
MD, CEO & Executive Director5.58yrsAU$883.52k2.21%
A$ 2.4m
Lip Sin Tee
Executive Director13.33yrsAU$214.65k8.82%
A$ 9.7m
Kamaruddin Bin Mohammed
Independent Non-Executive Director7.75yrsAU$136.30k0.13%
A$ 143.3k
David Somerville
Non-Executive Independent Chairman10.75yrsAU$182.65kno data
Adrian Anthony Gurgone
Independent Non-Executive Director9.58yrsAU$125.15kno data
Lip Jen Tee
Non-Executive Director9.58yrsAU$114.00k1.06%
A$ 1.2m

9.6yrs

Average Tenure

Experienced Board: CII's board of directors are considered experienced (9.6 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 not been meaningfully diluted in the past year.


Top Shareholders

Company Information

CI Resources Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: CI Resources Limited
  • Ticker: CII
  • Exchange: ASX
  • Founded: 1987
  • Industry: Diversified Metals and Mining
  • Sector: Materials
  • Market Cap: AU$110.380m
  • Shares outstanding: 115.58m
  • Website: https://www.ciresources.com.au

Location

  • CI Resources Limited
  • 6 Thorogood Street
  • Burswood
  • Western Australia
  • 6100
  • Australia

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
CIIASX (Australian Securities Exchange)YesOrdinary SharesAUAUDMar 1992
CIICHIA (Chi-X Australia)YesOrdinary SharesAUAUDMar 1992

Biography

CI Resources Limited, together with its subsidiaries, engages in mining, processing, and sale of phosphate rock, phosphate dust, and chalk in Australia, Malaysia, and Singapore. It operates through Mining ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/10/20 10:31
End of Day Share Price2020/10/02 00:00
Earnings2020/06/30
Annual Earnings2020/06/30


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.