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ENV

Enova MiningASX:ENV Stock Report

Market Cap

AU$7.1m

7D

-4.5%

1Y

-34.4%

Updated

20 Oct, 2021

Data

Company Financials
ENV fundamental analysis
Snowflake Score
Valuation1/6
Future Growth0/6
Past Performance0/6
Financial Health3/6
Dividends0/6

ENV Overview

Enova Mining Limited engages in the exploration of rare earth elements (REE) in Australia.

Price History & Performance

Summary of all time highs, changes and price drops for Enova Mining
Historical stock prices
Current Share PriceAU$0.021
52 Week HighAU$0.018
52 Week LowAU$0.063
Beta-0.017
1 Month Change-8.70%
3 Month Change0%
1 Year Change-34.38%
3 Year Change-16.00%
5 Year Change-16.00%
Change since IPO-97.46%

Recent News & Updates

Shareholder Returns

ENVAU Metals and MiningAU Market
7D-4.5%3.6%1.7%
1Y-34.4%11.3%20.2%

Return vs Industry: ENV underperformed the Australian Metals and Mining industry which returned 11.3% over the past year.

Return vs Market: ENV underperformed the Australian Market which returned 20.2% over the past year.

Price Volatility

Is ENV's price volatile compared to industry and market?
ENV volatility
ENV Beta-0.017
Industry Beta0.97
Market Beta1

Stable Share Price: ENV is more volatile than 90% of Australian stocks over the past 3 months, typically moving +/- 21% a week.

Volatility Over Time: ENV's weekly volatility has decreased from 26% to 21% over the past year, but is still higher than 75% of Australian stocks.

About the Company

FoundedEmployeesCEOWebsite
1999n/aEric Veselhttps://www.enovamining.com

Enova Mining Limited engages in the exploration of rare earth elements (REE) in Australia. It primarily focuses on the Charley Creek REE project, which covers 116.6 square kilometers located in the Northern Territory. The company also holds interest in Cockroach Dam, Hamilton Downs, Cloughs Dam, Hamilton Homestead, and Mulga Bore.

Enova Mining Fundamentals Summary

How do Enova Mining's earnings and revenue compare to its market cap?
ENV fundamental statistics
Market CapAU$7.11m
Earnings (TTM)-AU$139.42k
Revenue (TTM)AU$340.00

0x

P/S Ratio

-51.2x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
ENV income statement (TTM)
RevenueAU$340.00
Cost of RevenueAU$0
Gross ProfitAU$340.00
ExpensesAU$139.76k
Earnings-AU$139.42k

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)-0.00041
Gross Margin100.00%
Net Profit Margin-41,004.71%
Debt/Equity Ratio5.0%

How did ENV perform over the long term?

See historical performance and comparison

Valuation

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

1.67x

Price to Book (PB) ratio


Share Price vs. Fair Value

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

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


Price To Earnings Ratio

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

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


Price to Book Ratio

PB vs Industry: ENV is good value based on its PB Ratio (1.7x) compared to the AU Metals and Mining industry average (2.6x).


Future Growth

How is Enova Mining 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 Enova Mining 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 Enova Mining performed over the past 5 years?

17.4%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: ENV is currently unprofitable.

Growing Profit Margin: ENV is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: ENV is unprofitable, but has reduced losses over the past 5 years at a rate of 17.4% per year.

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

Earnings vs Industry: ENV 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: ENV has a negative Return on Equity (-3.28%), as it is currently unprofitable.


Financial Health

How is Enova Mining's financial position?


Financial Position Analysis

Short Term Liabilities: ENV's short term assets (A$89.0K) do not cover its short term liabilities (A$237.0K).

Long Term Liabilities: ENV's short term assets (A$89.0K) exceed its long term liabilities (A$20.0K).


Debt to Equity History and Analysis

Debt Level: ENV's debt to equity ratio (5%) is considered satisfactory.

Reducing Debt: ENV's debt to equity ratio has reduced from 17.3% to 5% 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: ENV has less than a year of cash runway based on its current free cash flow.

Forecast Cash Runway: ENV has less than a year of cash runway if free cash flow continues to grow at historical rates of 14.9% each year.


Dividend

What is Enova Mining current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

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

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

Growing Dividend: Insufficient data to determine if ENV'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 ENV'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 board tenure


CEO

Eric Vesel (57 yo)

5.17yrs

Tenure

Mr. Eric Vesel, B.Eng.Min.Eng. MAusiMM serves as Chief Executive Officer and MD at Enova Mining Limited (formerly known as Crossland Strategic Metals Limited). Mr. Vesel serves as an Executive Vice Preside...


Board Members

Experienced Board: ENV's board of directors are considered experienced (5.6 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

Enova Mining Limited's employee growth, exchange listings and data sources


Key Information

  • Name: Enova Mining Limited
  • Ticker: ENV
  • Exchange: ASX
  • Founded: 1999
  • Industry: Diversified Metals and Mining
  • Sector: Materials
  • Market Cap: AU$7.112m
  • Shares outstanding: 338.66m
  • Website: https://www.enovamining.com

Number of Employees


Location

  • Enova Mining Limited
  • 360 Collins Street
  • Level 26
  • Melbourne
  • Victoria
  • 3000
  • 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 15:27
End of Day Share Price2021/10/20 00:00
Earnings2021/06/30
Annual Earnings2020/12/31


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.