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HLX

Helix ResourcesASX:HLX Stock Report

Market Cap

AU$25.2m

7D

25.0%

1Y

100.0%

Updated

20 Oct, 2021

Data

Company Financials
HLX fundamental analysis
Snowflake Score
Valuation1/6
Future Growth0/6
Past Performance0/6
Financial Health6/6
Dividends0/6

HLX Overview

Helix Resources Limited engages in the mineral exploration activities in Australia and Chile.

Price History & Performance

Summary of all time highs, changes and price drops for Helix Resources
Historical stock prices
Current Share PriceAU$0.02
52 Week HighAU$0.008
52 Week LowAU$0.051
Beta2.11
1 Month Change17.65%
3 Month Change-4.76%
1 Year Change100.00%
3 Year Change-42.86%
5 Year Change-72.22%
Change since IPO-95.28%

Recent News & Updates

Oct 18
Companies Like Helix Resources (ASX:HLX) Can Afford To Invest In Growth

Companies Like Helix Resources (ASX:HLX) Can Afford To Invest In Growth

Even when a business is losing money, it's possible for shareholders to make money if they buy a good business at the...

Shareholder Returns

HLXAU Metals and MiningAU Market
7D25.0%3.6%1.7%
1Y100.0%11.3%20.2%

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

Return vs Market: HLX exceeded the Australian Market which returned 20.2% over the past year.

Price Volatility

Is HLX's price volatile compared to industry and market?
HLX volatility
HLX Beta2.11
Industry Beta0.97
Market Beta1

Stable Share Price: HLX is more volatile than 75% of Australian stocks over the past 3 months, typically moving +/- 15% a week.

Volatility Over Time: HLX's weekly volatility has decreased from 31% to 15% over the past year, but is still higher than 75% of Australian stocks.

About the Company

FoundedEmployeesCEOWebsite
1985n/aMike Rosenstreichhttps://www.helixresources.com.au

Helix Resources Limited engages in the mineral exploration activities in Australia and Chile. It explores for copper, gold, iron ore, and other base metals. The company’s flagship project is the Central Zone project located in central New South Wales.

Helix Resources Fundamentals Summary

How do Helix Resources's earnings and revenue compare to its market cap?
HLX fundamental statistics
Market CapAU$25.17m
Earnings (TTM)-AU$834.11k
Revenue (TTM)AU$201.34k

133.3x

P/S Ratio

-30.3x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
HLX income statement (TTM)
RevenueAU$201.34k
Cost of RevenueAU$0
Gross ProfitAU$201.34k
ExpensesAU$1.04m
Earnings-AU$834.11k

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)-0.00066
Gross Margin100.00%
Net Profit Margin-414.28%
Debt/Equity Ratio0%

How did HLX perform over the long term?

See historical performance and comparison

Valuation

Is Helix Resources undervalued compared to its fair value and its price relative to the market?

1.46x

Price to Book (PB) ratio


Share Price vs. Fair Value

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

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


Price To Earnings Ratio

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

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


Price to Book Ratio

PB vs Industry: HLX is good value based on its PB Ratio (1.5x) compared to the AU Metals and Mining industry average (2.6x).


Future Growth

How is Helix Resources 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 Helix 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 Helix Resources performed over the past 5 years?

36.5%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: HLX is currently unprofitable.

Growing Profit Margin: HLX is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: HLX is unprofitable, but has reduced losses over the past 5 years at a rate of 36.5% per year.

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

Earnings vs Industry: HLX 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: HLX has a negative Return on Equity (-4.82%), as it is currently unprofitable.


Financial Health

How is Helix Resources's financial position?


Financial Position Analysis

Short Term Liabilities: HLX's short term assets (A$5.9M) exceed its short term liabilities (A$844.3K).

Long Term Liabilities: HLX's short term assets (A$5.9M) exceed its long term liabilities (A$10.0).


Debt to Equity History and Analysis

Debt Level: HLX is debt free.

Reducing Debt: HLX has not had any debt for 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: HLX has sufficient cash runway for more than 3 years based on its current free cash flow.

Forecast Cash Runway: HLX has sufficient cash runway for 1.4 years if free cash flow continues to reduce at historical rates of 7.5% each year.


Dividend

What is Helix Resources's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

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

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

Growing Dividend: Insufficient data to determine if HLX'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 HLX'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?

0.6yrs

Average management tenure


CEO

Mike Rosenstreich

0.75

Tenure

AU$216,588

Compensation

Mr. Michael Benjamin Rosenstreich, also known as Mike, BSC (Hons), MEE, FAusIMM, MAICD, serves as the Managing Director and Director of Helix Resources Limited since January 11, 2021. He served as Managing...


CEO Compensation Analysis

Compensation vs Market: Mike's total compensation ($USD161.93K) is below average for companies of similar size in the Australian market ($USD302.06K).

Compensation vs Earnings: Insufficient data to compare Mike's compensation with company performance.


Leadership Team

Experienced Management: HLX's management team is not considered experienced ( 0.6 years average tenure), which suggests a new team.


Board Members

Experienced Board: HLX's board of directors are considered experienced (3.3 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.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have been substantially diluted in the past year, with total shares outstanding growing by 58.5%.


Top Shareholders

Company Information

Helix Resources Limited's employee growth, exchange listings and data sources


Key Information

  • Name: Helix Resources Limited
  • Ticker: HLX
  • Exchange: ASX
  • Founded: 1985
  • Industry: Diversified Metals and Mining
  • Sector: Materials
  • Market Cap: AU$25.170m
  • Shares outstanding: 1.26b
  • Website: https://www.helixresources.com.au

Number of Employees


Location

  • Helix Resources Limited
  • 78 Churchill Avenue
  • Subiaco
  • Western Australia
  • 6008
  • 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 07:03
End of Day Share Price2021/10/20 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.