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ELE

ElmoreASX:ELE Stock Report

Market Cap

AU$12.0m

7D

-5.3%

1Y

n/a

Updated

20 Oct, 2021

Data

Company Financials
ELE fundamental analysis
Snowflake Score
Valuation1/6
Future Growth0/6
Past Performance0/6
Financial Health4/6
Dividends0/6

ELE Overview

Elmore Limited engages in the assessment, development, and processing of minerals projects in Australia.

Price History & Performance

Summary of all time highs, changes and price drops for Elmore
Historical stock prices
Current Share PriceAU$0.018
52 Week HighAU$0.016
52 Week LowAU$0.041
Beta0.10
1 Month Change0%
3 Month Change-18.18%
1 Year Changen/a
3 Year Change-76.32%
5 Year Change-96.36%
Change since IPO-99.94%

Recent News & Updates

Shareholder Returns

ELEAU Metals and MiningAU Market
7D-5.3%3.6%1.7%
1Yn/a11.3%20.2%

Return vs Industry: Insufficient data to determine how ELE performed against the Australian Metals and Mining industry.

Return vs Market: Insufficient data to determine how ELE performed against the Australian Market.

Price Volatility

Is ELE's price volatile compared to industry and market?
ELE volatility
ELE Beta0.10
Industry Beta0.97
Market Beta1

Stable Share Price: ELE is more volatile than 75% of Australian stocks over the past 3 months, typically moving +/- 13% a week.

Volatility Over Time: ELE's weekly volatility (13%) has been stable over the past year, but is still higher than 75% of Australian stocks.

About the Company

FoundedEmployeesCEOWebsite
1992n/aDavid Mendelawitzhttps://www.elmoreltd.com.au

Elmore Limited engages in the assessment, development, and processing of minerals projects in Australia. The company explores for iron ore, magnetite, gold, copper, and cobalt deposits. Its projects comprise Frances Creek project located in Northern Territory; and Peko Tails Project situated in the Tennant Creek region, Northern Territory.

Elmore Fundamentals Summary

How do Elmore's earnings and revenue compare to its market cap?
ELE fundamental statistics
Market CapAU$12.03m
Earnings (TTM)-AU$3.40m
Revenue (TTM)AU$2.59m

4.6x

P/S Ratio

-3.5x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
ELE income statement (TTM)
RevenueAU$2.59m
Cost of RevenueAU$2.00m
Gross ProfitAU$596.46k
ExpensesAU$4.00m
Earnings-AU$3.40m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)-0.0051
Gross Margin22.99%
Net Profit Margin-131.13%
Debt/Equity Ratio0.8%

How did ELE perform over the long term?

See historical performance and comparison

Valuation

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

2.34x

Price to Book (PB) ratio


Share Price vs. Fair Value

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

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


Price To Earnings Ratio

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

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


Price to Book Ratio

PB vs Industry: ELE is good value based on its PB Ratio (2.3x) compared to the AU Metals and Mining industry average (2.6x).


Future Growth

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

0.7%

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 Elmore 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 Elmore performed over the past 5 years?

25.0%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: ELE is currently unprofitable.

Growing Profit Margin: ELE is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: ELE is unprofitable, but has reduced losses over the past 5 years at a rate of 25% per year.

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

Earnings vs Industry: ELE 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: ELE has a negative Return on Equity (-66.05%), as it is currently unprofitable.


Financial Health

How is Elmore's financial position?


Financial Position Analysis

Short Term Liabilities: ELE's short term assets (A$2.4M) exceed its short term liabilities (A$734.8K).

Long Term Liabilities: ELE has no long term liabilities.


Debt to Equity History and Analysis

Debt Level: ELE's debt to equity ratio (0.8%) is considered satisfactory.

Reducing Debt: ELE's debt to equity ratio has reduced from 171.5% to 0.8% over the 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: ELE has less than a year of cash runway based on its current free cash flow.

Forecast Cash Runway: ELE has less than a year of cash runway if free cash flow continues to grow at historical rates of 2.3% each year.


Dividend

What is Elmore current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

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

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

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

13.0yrs

Average management tenure


CEO

David Mendelawitz

3yrs

Tenure

AU$412,614

Compensation

Mr. David Mendelawitz has been the Managing Director and Chief Executive Officer of Elmore Limited (Also known as Indiore Limited) since October 15, 2018 and he has been its Director since October 12, 2018...


CEO Compensation Analysis

Compensation vs Market: David's total compensation ($USD308.50K) is about average for companies of similar size in the Australian market ($USD302.06K).

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


Leadership Team

Experienced Management: ELE's management team is seasoned and experienced (13 years average tenure).


Board Members

Experienced Board: ELE's board of directors are considered experienced (3 years average tenure).


Ownership

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


Insider Trading Volume

Insider Buying: ELE 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 substantially diluted in the past year, with total shares outstanding growing by 117.5%.


Top Shareholders

Company Information

Elmore Limited's employee growth, exchange listings and data sources


Key Information

  • Name: Elmore Limited
  • Ticker: ELE
  • Exchange: ASX
  • Founded: 1992
  • Industry: Steel
  • Sector: Materials
  • Market Cap: AU$12.026m
  • Shares outstanding: 668.11m
  • Website: https://www.elmoreltd.com.au

Location

  • Elmore Limited
  • 129 -131 Edward Street
  • Perth
  • Western Australia
  • 6000
  • Australia

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/20 07:03
End of Day Share Price2021/10/19 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.