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EQR

EQ ResourcesASX:EQR Stock Report

Market Cap

AU$93.4m

7D

1.5%

1Y

120.0%

Updated

22 Oct, 2021

Data

Company Financials
EQR fundamental analysis
Snowflake Score
Valuation0/6
Future Growth0/6
Past Performance0/6
Financial Health5/6
Dividends0/6

EQR Overview

EQ Resources Limited explores for and produces tungsten, gold, and other mineral resources in Australia.

Price History & Performance

Summary of all time highs, changes and price drops for EQ Resources
Historical stock prices
Current Share PriceAU$0.066
52 Week HighAU$0.023
52 Week LowAU$0.077
Beta0.70
1 Month Change32.00%
3 Month Change120.00%
1 Year Change120.00%
3 Year Change340.00%
5 Year Change214.29%
Change since IPO-68.57%

Recent News & Updates

Shareholder Returns

EQRAU Metals and MiningAU Market
7D1.5%-0.3%0.7%
1Y120.0%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

Is EQR's price volatile compared to industry and market?
EQR volatility
EQR Beta0.70
Industry Beta0.97
Market Beta1

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

FoundedEmployeesCEOWebsite
2005n/aKevin MacNeillhttps://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

How do EQ Resources's earnings and revenue compare to its market cap?
EQR fundamental statistics
Market CapAU$93.42m
Earnings (TTM)-AU$4.58m
Revenue (TTM)AU$4.55m

19.4x

P/S Ratio

-19.3x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
EQR income statement (TTM)
RevenueAU$4.55m
Cost of RevenueAU$4.89m
Gross Profit-AU$340.53k
ExpensesAU$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 Ratio0%

How did EQR perform over the long term?

See historical performance and comparison

Valuation

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

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/22 07:04
End of Day Share Price2021/10/22 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.