Equatorial Resources Limited explores for and develops iron ore properties in the Republic of Congo.
Equatorial Resources Competitors
Price History & Performance
|Historical stock prices|
|Current Share Price||AU$0.19|
|52 Week High||AU$0.18|
|52 Week Low||AU$0.40|
|1 Month Change||-11.63%|
|3 Month Change||-32.14%|
|1 Year Change||-40.63%|
|3 Year Change||-36.67%|
|5 Year Change||-57.78%|
|Change since IPO||-99.93%|
Recent News & Updates
|EQX||AU Metals and Mining||AU Market|
Return vs Industry: EQX underperformed the Australian Metals and Mining industry which returned 15.6% over the past year.
Return vs Market: EQX underperformed the Australian Market which returned 24.4% over the past year.
Stable Share Price: EQX is not significantly more volatile than the rest of Australian stocks over the past 3 months, typically moving +/- 10% a week.
Volatility Over Time: EQX's weekly volatility (10%) has been stable over the past year.
About the Company
Equatorial Resources Limited explores for and develops iron ore properties in the Republic of Congo. The company was incorporated in 1986 and is headquartered in Perth, Australia.
Equatorial Resources Fundamentals Summary
|EQX fundamental statistics|
Is EQX overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|EQX income statement (TTM)|
|Cost of Revenue||AU$0|
Last Reported Earnings
Jun 30, 2021
Next Earnings Date
|Earnings per share (EPS)||-0.06|
|Net Profit Margin||0.00%|
How did EQX perform over the long term?See historical performance and comparison
Is Equatorial Resources 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 EQX's fair value to establish if it is undervalued.
Significantly Below Fair Value: Insufficient data to calculate EQX's fair value to establish if it is undervalued.
Price To Earnings Ratio
PE vs Industry: EQX is unprofitable, so we can't compare its PE Ratio to the Australian Metals and Mining industry average.
PE vs Market: EQX 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 EQX's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: EQX is good value based on its PB Ratio (0.7x) compared to the AU Metals and Mining industry average (2.6x).
How is Equatorial Resources 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 Equatorial 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.
How has Equatorial Resources performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: EQX is currently unprofitable.
Growing Profit Margin: EQX is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: EQX is unprofitable, and losses have increased over the past 5 years at a rate of 61.7% per year.
Accelerating Growth: Unable to compare EQX's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: EQX 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: EQX has a negative Return on Equity (-22.84%), as it is currently unprofitable.
How is Equatorial Resources's financial position?
Financial Position Analysis
Short Term Liabilities: EQX's short term assets (A$35.3M) exceed its short term liabilities (A$163.5K).
Long Term Liabilities: EQX has no long term liabilities.
Debt to Equity History and Analysis
Debt Level: EQX is debt free.
Reducing Debt: EQX has not had any debt for 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: EQX has sufficient cash runway for more than 3 years based on its current free cash flow.
Forecast Cash Runway: EQX has sufficient cash runway for more than 3 years if free cash flow continues to grow at historical rates of 43.5% each year
What is Equatorial Resources's current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Notable Dividend: Unable to evaluate EQX's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate EQX'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 EQX's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if EQX'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 EQX'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. John Paul Welborn, B.Com, FCA, FAIM, SAFin, MAICD, MAusIMM, JP, serves as the Managing Director and Chief Executive Officer of Equatorial Resources Limited since November 18, 2020. He had been the Chi...
CEO Compensation Analysis
Compensation vs Market: John's total compensation ($USD631.78K) is above average for companies of similar size in the Australian market ($USD301.38K).
Compensation vs Earnings: John's compensation has increased whilst the company is unprofitable.
Experienced Management: EQX's management team is seasoned and experienced (8.6 years average tenure).
Experienced Board: EQX's board of directors are seasoned and experienced ( 11.5 years average tenure).
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.
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Equatorial Resources Limited's employee growth, exchange listings and data sources
- Name: Equatorial Resources Limited
- Ticker: EQX
- Exchange: ASX
- Founded: 1986
- Industry: Steel
- Sector: Materials
- Market Cap: AU$23.930m
- Shares outstanding: 125.95m
- Website: https://www.equatorialresources.com.au
- Equatorial Resources Limited
- BGC Centre
- Level 9
- Western Australia
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/10/26 07:01|
|End of Day Share Price||2021/10/25 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.