| Snowflake Score | |
|---|---|
| Valuation | 0/6 |
| Future Growth | 0/6 |
| Past Performance | 0/6 |
| Financial Health | 5/6 |
| Dividends | 0/6 |
EQR Overview
EQ Resources Limited explores for and produces tungsten, gold, and other mineral resources in Australia.
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | AU$0.066 |
| 52 Week High | AU$0.023 |
| 52 Week Low | AU$0.077 |
| Beta | 0.70 |
| 1 Month Change | 32.00% |
| 3 Month Change | 120.00% |
| 1 Year Change | 120.00% |
| 3 Year Change | 340.00% |
| 5 Year Change | 214.29% |
| Change since IPO | -68.57% |
Recent News & Updates
Shareholder Returns
| EQR | AU Metals and Mining | AU Market | |
|---|---|---|---|
| 7D | 1.5% | -0.3% | 0.7% |
| 1Y | 120.0% | 12.5% | 21.4% |
Return vs Industry: EQR exceeded the Australian Metals and Mining industry which returned 12.5% over the past year.
Return vs Market: EQR exceeded the Australian Market which returned 21.4% over the past year.
Price Volatility
| EQR volatility | |
|---|---|
| EQR Beta | 0.70 |
| Industry Beta | 0.97 |
| Market Beta | 1 |
Stable Share Price: EQR is more volatile than 75% of Australian stocks over the past 3 months, typically moving +/- 14% a week.
Volatility Over Time: EQR's weekly volatility (14%) has been stable over the past year, but is still higher than 75% of Australian stocks.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 2005 | n/a | Kevin MacNeill | https://www.eqresources.com.au |
EQ Resources Limited explores for and produces tungsten, gold, and other mineral resources in Australia. Its flagship property is the Mt Carbine project comprising ML 4867 covering an area of 358.5 hectares and ML 4919 covering an area of 7.891 hectares located in Far North Queensland. The company was formerly known as Speciality Metals International Limited and changed its name to EQ Resources Limited in December 2020.
EQ Resources Fundamentals Summary
| EQR fundamental statistics | |
|---|---|
| Market Cap | AU$93.42m |
| Earnings (TTM) | -AU$4.58m |
| Revenue (TTM) | AU$4.55m |
19.4x
P/S Ratio-19.3x
P/E RatioIs EQR overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| EQR income statement (TTM) | |
|---|---|
| Revenue | AU$4.55m |
| Cost of Revenue | AU$4.89m |
| Gross Profit | -AU$340.53k |
| Expenses | AU$4.24m |
| Earnings | -AU$4.58m |
Last Reported Earnings
Jun 30, 2021
Next Earnings Date
n/a
| Earnings per share (EPS) | -0.0034 |
| Gross Margin | -7.49% |
| Net Profit Margin | -100.63% |
| Debt/Equity Ratio | 0% |
How did EQR perform over the long term?
See historical performance and comparisonValuation
Is EQ Resources undervalued compared to its fair value and its price relative to the market?
5.27x
Price to Book (PB) ratio
Share Price vs. Fair Value
Below Fair Value: Insufficient data to calculate EQR's fair value to establish if it is undervalued.
Significantly Below Fair Value: Insufficient data to calculate EQR's fair value to establish if it is undervalued.
Price To Earnings Ratio
PE vs Industry: EQR is unprofitable, so we can't compare its PE Ratio to the Australian Metals and Mining industry average.
PE vs Market: EQR 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 EQR's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: EQR is overvalued based on its PB Ratio (5.3x) compared to the AU Metals and Mining industry average (2.6x).
Future Growth
How is EQ Resources forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
-0.07%
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 EQ 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.
Past Performance
How has EQ Resources performed over the past 5 years?
19.7%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: EQR is currently unprofitable.
Growing Profit Margin: EQR is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: EQR is unprofitable, but has reduced losses over the past 5 years at a rate of 19.7% per year.
Accelerating Growth: Unable to compare EQR's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: EQR 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: EQR has a negative Return on Equity (-27.36%), as it is currently unprofitable.
Financial Health
How is EQ Resources's financial position?
Financial Position Analysis
Short Term Liabilities: EQR's short term assets (A$6.4M) do not cover its short term liabilities (A$6.7M).
Long Term Liabilities: EQR's short term assets (A$6.4M) exceed its long term liabilities (A$2.4M).
Debt to Equity History and Analysis
Debt Level: EQR is debt free.
Reducing Debt: EQR has no debt compared to 5 years ago when its debt to equity ratio was 2.5%.
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: EQR has sufficient cash runway for 7 months based on last reported free cash flow, but has since raised additional capital.
Forecast Cash Runway: EQR is forecast to have sufficient cash runway for 4 months based on free cash flow estimates, but has since raised additional capital.
Dividend
What is EQ Resources's current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Notable Dividend: Unable to evaluate EQR's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate EQR'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 EQR's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if EQR'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 EQR'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?
0.7yrs
Average management tenure
CEO
Kevin MacNeill
1.42yrs
Tenure
AU$295,380
Compensation
Mr. Kevin Bruce MacNeill serves as Chief Executive Officer of EQ Resources Limited since April 1, 2021. He served as Senior Technical Advisor at EQ Resources Limited (formerly known as Speciality Metals In...
CEO Compensation Analysis
Compensation vs Market: Kevin's total compensation ($USD221.21K) is about average for companies of similar size in the Australian market ($USD303.33K).
Compensation vs Earnings: Kevin's compensation has increased whilst the company is unprofitable.
Leadership Team
Experienced Management: EQR's management team is not considered experienced ( 0.7 years average tenure), which suggests a new team.
Board Members
Experienced Board: EQR's board of directors are not considered experienced ( 1.8 years average tenure), which suggests a new board.
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 diluted in the past year, with total shares outstanding growing by 20.2%.
Top Shareholders
Company Information
EQ Resources Limited's employee growth, exchange listings and data sources
Key Information
- Name: EQ Resources Limited
- Ticker: EQR
- Exchange: ASX
- Founded: 2005
- Industry: Diversified Metals and Mining
- Sector: Materials
- Market Cap: AU$93.418m
- Shares outstanding: 1.33b
- Website: https://www.eqresources.com.au
Location
- EQ Resources Limited
- Albert Road
- Level 4
- Melbourne
- Victoria
- 3205
- Australia
Listings
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/10/22 07:04 |
| End of Day Share Price | 2021/10/22 00:00 |
| Earnings | 2021/06/30 |
| Annual Earnings | 2021/06/30 |
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.