Errawarra Resources Ltd engages in the mineral exploration and project development in Australia.
Price History & Performance
|Historical stock prices|
|Current Share Price||AU$0.25|
|52 Week High||AU$0.17|
|52 Week Low||AU$0.35|
|1 Month Change||-10.71%|
|3 Month Change||6.38%|
|1 Year Change||n/a|
|3 Year Change||n/a|
|5 Year Change||n/a|
|Change since IPO||13.64%|
Recent News & Updates
|ERW||AU Metals and Mining||AU Market|
Return vs Industry: Insufficient data to determine how ERW performed against the Australian Metals and Mining industry.
Return vs Market: Insufficient data to determine how ERW performed against the Australian Market.
Stable Share Price: ERW is more volatile than 90% of Australian stocks over the past 3 months, typically moving +/- 16% a week.
Volatility Over Time: ERW's weekly volatility (16%) has been stable over the past year, but is still higher than 75% of Australian stocks.
About the Company
Errawarra Resources Ltd engages in the mineral exploration and project development in Australia. It explores for gold, nickel, and copper deposits. The company holds interests in Errabiddy Project located in the Gascoyne Region of Western Australia; Binti Binti gold project, which covers an area of approximately 116km2 located in Western Australia; and Fraser Range Project that covers an area of approximately 105km² located in Western Australia.
Errawarra Resources Fundamentals Summary
|ERW fundamental statistics|
Is ERW overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|ERW income statement (TTM)|
|Cost of Revenue||AU$0|
Last Reported Earnings
Jun 30, 2021
Next Earnings Date
|Earnings per share (EPS)||-0.082|
|Net Profit Margin||0.00%|
How did ERW perform over the long term?See historical performance and comparison
Is Errawarra 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 ERW's fair value to establish if it is undervalued.
Significantly Below Fair Value: Insufficient data to calculate ERW's fair value to establish if it is undervalued.
Price To Earnings Ratio
PE vs Industry: ERW is unprofitable, so we can't compare its PE Ratio to the Australian Metals and Mining industry average.
PE vs Market: ERW 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 ERW's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: ERW is overvalued based on its PB Ratio (3x) compared to the AU Metals and Mining industry average (2.5x).
How is Errawarra 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 Errawarra 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 Errawarra Resources performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: ERW is currently unprofitable.
Growing Profit Margin: ERW is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: ERW is unprofitable, and losses have increased over the past 5 years at a rate of 46.4% per year.
Accelerating Growth: Unable to compare ERW's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: ERW 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: ERW has a negative Return on Equity (-99.26%), as it is currently unprofitable.
How is Errawarra Resources's financial position?
Financial Position Analysis
Short Term Liabilities: ERW's short term assets (A$3.6M) exceed its short term liabilities (A$305.9K).
Long Term Liabilities: ERW has no long term liabilities.
Debt to Equity History and Analysis
Debt Level: ERW is debt free.
Reducing Debt: ERW currently has no debt however we can't compare to 5 years ago as we have no data for that period.
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: ERW has sufficient cash runway for more than a year based on its current free cash flow.
Forecast Cash Runway: ERW has less than a year of cash runway if free cash flow continues to reduce at historical rates of 37.3% each year
What is Errawarra Resources's current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Notable Dividend: Unable to evaluate ERW's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate ERW'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 ERW's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if ERW'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 ERW'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 board tenure
Errawarra Resources has no CEO, or we have no data on them.
Experienced Board: ERW's board of directors are not considered experienced ( 0.9 years average tenure), which suggests a new board.
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.
Recent Insider Transactions
Dilution of Shares: ERW only recently listed within the past 12 months.
Errawarra Resources Ltd's employee growth, exchange listings and data sources
- Name: Errawarra Resources Ltd
- Ticker: ERW
- Exchange: ASX
- Founded: 2012
- Industry: Diversified Metals and Mining
- Sector: Materials
- Market Cap: AU$9.973m
- Shares outstanding: 39.89m
- Website: https://www.errawarra.com
- Errawarra Resources Ltd
- 197 St Georges Terrace
- Level 12
- Western Australia
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/10/14 15:49|
|End of Day Share Price||2021/10/14 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.