Elmore Limited engages in the assessment, development, and processing of minerals projects in Australia.
Price History & Performance
|Historical stock prices|
|Current Share Price||AU$0.018|
|52 Week High||AU$0.016|
|52 Week Low||AU$0.041|
|1 Month Change||0%|
|3 Month Change||-18.18%|
|1 Year Change||n/a|
|3 Year Change||-76.32%|
|5 Year Change||-96.36%|
|Change since IPO||-99.94%|
Recent News & Updates
|ELE||AU Metals and Mining||AU Market|
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.
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
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
|ELE fundamental statistics|
Is ELE overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|ELE income statement (TTM)|
|Cost of Revenue||AU$2.00m|
Last Reported Earnings
Jun 30, 2021
Next Earnings Date
|Earnings per share (EPS)||-0.0051|
|Net Profit Margin||-131.13%|
How did ELE perform over the long term?See historical performance and comparison
Is Elmore undervalued compared to its fair value and its price relative to the market?
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).
How is Elmore forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
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.
How has Elmore performed over the past 5 years?
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.
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.
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.
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.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
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.
Experienced Management: ELE's management team is seasoned and experienced (13 years average tenure).
Experienced Board: ELE's board of directors are considered experienced (3 years average tenure).
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
Dilution of Shares: Shareholders have been substantially diluted in the past year, with total shares outstanding growing by 117.5%.
Elmore Limited's employee growth, exchange listings and data sources
- 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
- Elmore Limited
- 129 -131 Edward Street
- Western Australia
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/10/20 07:03|
|End of Day Share Price||2021/10/19 00:00|
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.