company background image
EFE

Eastern IronASX:EFE Stock Report

Market Cap

AU$44.2m

7D

29.3%

1Y

381.9%

Updated

26 Oct, 2021

Data

Company Financials
EFE fundamental analysis
Snowflake Score
Valuation0/6
Future Growth0/6
Past Performance0/6
Financial Health6/6
Dividends0/6

EFE Overview

Eastern Iron Limited engages in the exploration for iron ore, precious, and base metals resources in Australia.

Price History & Performance

Summary of all time highs, changes and price drops for Eastern Iron
Historical stock prices
Current Share PriceAU$0.053
52 Week HighAU$0.008
52 Week LowAU$0.063
Beta0.20
1 Month Change20.46%
3 Month Change253.33%
1 Year Change381.86%
3 Year Change960.21%
5 Year Change194.46%
Change since IPO-82.33%

Recent News & Updates

Sep 30
Eastern Iron (ASX:EFE) Is In A Good Position To Deliver On Growth Plans

Eastern Iron (ASX:EFE) Is In A Good Position To Deliver On Growth Plans

Just because a business does not make any money, does not mean that the stock will go down. Indeed, Eastern Iron...

Shareholder Returns

EFEAU Metals and MiningAU Market
7D29.3%-0.4%0.8%
1Y381.9%15.6%24.4%

Return vs Industry: EFE exceeded the Australian Metals and Mining industry which returned 15.6% over the past year.

Return vs Market: EFE exceeded the Australian Market which returned 24.4% over the past year.

Price Volatility

Is EFE's price volatile compared to industry and market?
EFE volatility
EFE Beta0.20
Industry Beta0.97
Market Beta1

Stable Share Price: EFE is more volatile than 90% of Australian stocks over the past 3 months, typically moving +/- 42% a week.

Volatility Over Time: EFE's weekly volatility has increased from 28% to 42% over the past year.

About the Company

FoundedEmployeesCEOWebsite
2007n/an/ahttps://www.easterniron.com.au

Eastern Iron Limited engages in the exploration for iron ore, precious, and base metals resources in Australia. The company also explores for copper-gold volcanogenic sulphide deposits. Its flagship project is the Nowa Nowa iron project located in eastern Victoria.

Eastern Iron Fundamentals Summary

How do Eastern Iron's earnings and revenue compare to its market cap?
EFE fundamental statistics
Market CapAU$44.17m
Earnings (TTM)-AU$592.40k
Revenue (TTM)AU$37.00

0x

P/S Ratio

-81.5x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
EFE income statement (TTM)
RevenueAU$37.00
Cost of RevenueAU$0
Gross ProfitAU$37.00
ExpensesAU$592.43k
Earnings-AU$592.40k

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)-0.00065
Gross Margin100.00%
Net Profit Margin-1,601,072.97%
Debt/Equity Ratio0.0%

How did EFE perform over the long term?

See historical performance and comparison

Valuation

Is Eastern Iron undervalued compared to its fair value and its price relative to the market?

9.6x

Price to Book (PB) ratio


Share Price vs. Fair Value

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

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


Price To Earnings Ratio

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

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


Price to Book Ratio

PB vs Industry: EFE is overvalued based on its PB Ratio (9.6x) compared to the AU Metals and Mining industry average (2.6x).


Future Growth

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

-0.5%

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 Eastern Iron 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 Eastern Iron performed over the past 5 years?

40.2%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: EFE is currently unprofitable.

Growing Profit Margin: EFE is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: EFE is unprofitable, but has reduced losses over the past 5 years at a rate of 40.2% per year.

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

Earnings vs Industry: EFE 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: EFE has a negative Return on Equity (-11.89%), as it is currently unprofitable.


Financial Health

How is Eastern Iron's financial position?


Financial Position Analysis

Short Term Liabilities: EFE's short term assets (A$1.5M) exceed its short term liabilities (A$97.7K).

Long Term Liabilities: EFE has no long term liabilities.


Debt to Equity History and Analysis

Debt Level: EFE is debt free.

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

Forecast Cash Runway: EFE has sufficient cash runway for 2.7 years if free cash flow continues to reduce at historical rates of 2.5% each year.


Dividend

What is Eastern Iron current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

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

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

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

3.6yrs

Average board tenure


CEO

Eastern Iron has no CEO, or we have no data on them.


Board Members

Experienced Board: EFE's board of directors are considered experienced (3.6 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 been substantially diluted in the past year, with total shares outstanding growing by 90.3%.


Top Shareholders

Company Information

Eastern Iron Limited's employee growth, exchange listings and data sources


Key Information

  • Name: Eastern Iron Limited
  • Ticker: EFE
  • Exchange: ASX
  • Founded: 2007
  • Industry: Steel
  • Sector: Materials
  • Market Cap: AU$44.167m
  • Shares outstanding: 901.38m
  • Website: https://www.easterniron.com.au

Location

  • Eastern Iron Limited
  • 80 Chandos Street
  • Suite 3
  • St Leonards
  • New South Wales
  • 2065
  • Australia

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/26 07:01
End of Day Share Price2021/10/26 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.