ASX:KIS

Stock Analysis Report

King Island Scheelite

Executive Summary

King Island Scheelite Limited operates in the mining industry.

Risk Analysis

Has less than 1 year of cash runway

Makes less than USD$1m in revenue (A$8K)

Currently unprofitable and not forecast to become profitable over the next 3 years

Shareholders have been diluted in the past year

+ 1 more risk


Snowflake Analysis

Worrying balance sheet with weak fundamentals.

Share Price & News

How has King Island Scheelite's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: KIS has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

0%

KIS

-4.3%

AU Metals and Mining

-1.1%

AU Market


1 Year Return

-25.0%

KIS

19.1%

AU Metals and Mining

18.4%

AU Market

Return vs Industry: KIS underperformed the Australian Metals and Mining industry which returned 22% over the past year.

Return vs Market: KIS underperformed the Australian Market which returned 19.4% over the past year.


Shareholder returns

KISIndustryMarket
7 Day0%-4.3%-1.1%
30 Day-14.3%0.7%2.5%
90 Day-18.9%8.1%4.2%
1 Year-25.0%-25.0%25.1%19.1%23.8%18.4%
3 Year45.1%42.9%57.5%38.0%38.7%20.1%
5 Year-49.1%-50.0%99.6%53.1%54.7%19.8%

Price Volatility Vs. Market

How volatile is King Island Scheelite's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is King Island Scheelite undervalued compared to its fair value and its price relative to the market?

11.76x

Price to Book (PB) ratio


Share Price vs. Fair Value

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

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


Price To Earnings Ratio

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

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


Price to Book Ratio

PB vs Industry: KIS is overvalued based on its PB Ratio (11.8x) compared to the AU Metals and Mining industry average (1.5x).


Next Steps

Future Growth

How is King Island Scheelite forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

1.8%

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 King Island Scheelite 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.


Next Steps

Past Performance

How has King Island Scheelite performed over the past 5 years?

9.1%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: KIS is currently unprofitable.

Growing Profit Margin: KIS is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: KIS is unprofitable, but has reduced losses over the past 5 years at a rate of 9.1% per year.

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

Earnings vs Industry: KIS is unprofitable, making it difficult to compare its past year earnings growth to the Metals and Mining industry (7.8%).


Return on Equity

High ROE: KIS has a negative Return on Equity (-215.07%), as it is currently unprofitable.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is King Island Scheelite's financial position?


Financial Position Analysis

Short Term Liabilities: KIS's short term assets (A$593.7K) exceed its short term liabilities (A$340.9K).

Long Term Liabilities: KIS's short term assets (A$593.7K) do not cover its long term liabilities (A$2.7M).


Debt to Equity History and Analysis

Debt Level: KIS's debt to equity ratio (202%) is considered high.

Reducing Debt: Insufficient data to determine if KIS's debt to equity ratio has reduced over the past 5 years.


Balance Sheet

Inventory Level: KIS has a high level of physical assets or inventory.

Debt Coverage by Assets: KIS's debt is not covered by short term assets (assets are 0.2x debt).


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: KIS has less than a year of cash runway based on its current free cash flow.

Forecast Cash Runway: KIS has less than a year of cash runway if free cash flow continues to reduce at historical rates of -66.8% each year


Next Steps

Dividend

What is King Island Scheelite's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

companyn/amarketbottom25%2.4%markettop25%5.6%industryaverage4.4%forecastin3Yearsn/a

Current dividend yield vs market & industry

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

High Dividend: Unable to evaluate KIS's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if KIS's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if KIS'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 KIS's dividend in 3 years as they are not forecast to pay a notable one for the Australian market.


Next Steps

Management

What is the CEO of King Island Scheelite's salary, the management and board of directors tenure and is there insider trading?

7.2yrs

Average board tenure


CEO

Johann Jooste-Jacobs (65yo)

0yrs

Tenure

AU$284,165

Compensation

Mr. Johann Christiaan Joost-Jacobs, B.Acc, MBL served as the Managing Director of Erinbar Limited from February 15, 2005 to September 2006. Mr. Joost-Jacobs has experience in project development, project e ...


CEO Compensation Analysis

Compensation vs Market: Johann's total compensation ($USD196.11K) is about average for companies of similar size in the Australian market ($USD262.68K).

Compensation vs Earnings: Johann's compensation has increased whilst the company is unprofitable.


Board Age and Tenure

7.2yrs

Average Tenure

Experienced Board: KIS's board of directors are considered experienced (7.2 years average tenure).


Insider Trading

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

BuyAU$18,69011 Apr 19
Chrysalis Investments Pty Ltd, Asset Management Arm
EntityCompany
Shares200,000
Max PriceAU$0.093
BuyAU$9,42010 Apr 19
Johann Jooste-Jacobs
EntityIndividual
Role
Chief Executive Officer
Executive Chairman & CEO
Shares100,000
Max PriceAU$0.094

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 18.3%.


Management Team

  • Chris Ellis

    Executive Director

    • Tenure: 7.2yrs
    • Compensation: AU$28.91k
  • Ian Morgan (58yo)

    CFO & Company Secretary

    • Johann Jooste-Jacobs (65yo)

      Executive Chairman & CEO

      • Compensation: AU$284.17k
    • Sue Jolliffe

      Financial Controller

      • Chas Murcott

        General Manager of Project Development & Operations

        • Tenure: 0.6yrs

      Board Members

      • Greg Hancock (68yo)

        Independent Non-Executive Director

        • Tenure: 0.8yrs
        • Compensation: AU$9.64k
      • Chris Ellis

        Executive Director

        • Tenure: 7.2yrs
        • Compensation: AU$28.91k
      • Johann Jooste-Jacobs (65yo)

        Executive Chairman & CEO

        • Compensation: AU$284.17k

      Company Information

      King Island Scheelite Limited's company bio, employee growth, exchange listings and data sources


      Key Information

      • Name: King Island Scheelite Limited
      • Ticker: KIS
      • Exchange: ASX
      • Founded: 1966
      • Industry: Diversified Metals and Mining
      • Sector: Materials
      • Market Cap: AU$15.863m
      • Shares outstanding: 264.38m
      • Website: https://www.kingislandscheelite.com.au

      Location

      • King Island Scheelite Limited
      • 259 George Street
      • Suite 26.01
      • Sydney
      • New South Wales
      • 2001
      • Australia

      Listings

      TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
      KISASX (Australian Securities Exchange)YesOrdinary SharesAUAUDJan 1992
      N9ADB (Deutsche Boerse AG)YesOrdinary SharesDEEURJan 1992
      KISCHIA (Chi-X Australia)YesOrdinary SharesAUAUDJan 1992

      Biography

      King Island Scheelite Limited operates in the mining industry. It focuses on the redevelopment of its 100% owned the Dolphin tungsten project in King Island, Tasmania. The company was formerly known as GTN Resources Limited and changed its name to King Island Scheelite Limited in October 2005. King Island Scheelite Limited was incorporated in 1966 and is based in Sydney, Australia. 


      Company Analysis and Financial Data Status

      All financial data provided by Standard & Poor's Capital IQ.
      DataLast Updated (UTC time)
      Company Analysis2020/01/29 10:31
      End of Day Share Price2020/01/28 00:00
      Earnings2019/06/30
      Annual Earnings2019/06/30


      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.