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Korab Resources

ASX:KOR
Snowflake Description

Weak fundamentals or lack of information.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
KOR
ASX
A$8M
Market Cap
  1. Home
  2. AU
  3. Materials
Company description

Korab Resources Limited engages in the exploration and evaluation of mineral properties. The last earnings update was 68 days ago. More info.


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  • Korab Resources has significant price volatility in the past 3 months.
KOR Share Price and Events
7 Day Returns
-6.9%
ASX:KOR
-0.4%
AU Metals and Mining
2.5%
AU Market
1 Year Returns
-22.9%
ASX:KOR
5.6%
AU Metals and Mining
5%
AU Market
KOR Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Korab Resources (KOR) -6.9% -22.9% -10% -22.9% -28.9% -6.9%
AU Metals and Mining -0.4% -0.4% 0.1% 5.6% 76.8% 10.5%
AU Market 2.5% 2.4% 4.8% 5% 19.3% 8.7%
1 Year Return vs Industry and Market
  • KOR underperformed the Metals and Mining industry which returned 5.6% over the past year.
  • KOR underperformed the Market in Australia which returned 5% over the past year.
Price Volatility
KOR
Industry
5yr Volatility vs Market

Value

 Is Korab Resources undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
  • It is not possible to calculate the future cash flow value for Korab Resources. This is due to cash flow or dividend data being unavailable. The share price is A$0.027.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Korab Resources's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Korab Resources's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
ASX:KOR PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in AUD A$0.00
ASX:KOR Share Price ** ASX (2019-05-24) in AUD A$0.03
Australia Metals and Mining Industry PE Ratio Median Figure of 78 Publicly-Listed Metals and Mining Companies 12.1x
Australia Market PE Ratio Median Figure of 542 Publicly-Listed Companies 16.39x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Korab Resources.

ASX:KOR PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= ASX:KOR Share Price ÷ EPS (both in AUD)

= 0.03 ÷ 0.00

-15.03x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Korab Resources is loss making, we can't compare its value to the AU Metals and Mining industry average.
  • Korab Resources is loss making, we can't compare the value of its earnings to the Australia market.
Price based on expected Growth
Does Korab Resources's expected growth come at a high price?
Raw Data
ASX:KOR PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -15.03x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
Australia Metals and Mining Industry PEG Ratio Median Figure of 38 Publicly-Listed Metals and Mining Companies 0.8x
Australia Market PEG Ratio Median Figure of 358 Publicly-Listed Companies 1.43x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Korab Resources, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Korab Resources's assets?
Raw Data
ASX:KOR PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in AUD A$0.01
ASX:KOR Share Price * ASX (2019-05-24) in AUD A$0.03
Australia Metals and Mining Industry PB Ratio Median Figure of 585 Publicly-Listed Metals and Mining Companies 1.48x
Australia Market PB Ratio Median Figure of 1,680 Publicly-Listed Companies 1.66x
ASX:KOR PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= ASX:KOR Share Price ÷ Book Value per Share (both in AUD)

= 0.03 ÷ 0.01

4.52x

* Primary Listing of Korab Resources.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Korab Resources is overvalued based on assets compared to the AU Metals and Mining industry average.
X
Value checks
We assess Korab Resources's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Metals and Mining industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Metals and Mining industry average (and greater than 0)? (1 check)
  5. Korab Resources has a total score of 0/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Korab Resources expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

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 Korab 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 Simply Wall St do have past financial data. You can see them here.

Show me the analysis anyway

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
2.4%
Expected Metals and Mining industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Korab Resources expected to grow at an attractive rate?
  • Unable to compare Korab Resources's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Korab Resources's earnings growth to the Australia market average as no estimate data is available.
  • Unable to compare Korab Resources's revenue growth to the Australia market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
ASX:KOR Future Growth Rates Data Sources
Data Point Source Value (per year)
Australia Metals and Mining Industry Earnings Growth Rate Market Cap Weighted Average 2.4%
Australia Metals and Mining Industry Revenue Growth Rate Market Cap Weighted Average 1%
Australia Market Earnings Growth Rate Market Cap Weighted Average 6.9%
Australia Market Revenue Growth Rate Market Cap Weighted Average 3.2%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
ASX:KOR Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in AUD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
ASX:KOR Past Financials Data
Date (Data in AUD Millions) Revenue Cash Flow Net Income *
2018-12-31 0 0 -1
2018-09-30 0 0 -1
2018-06-30 0 0
2018-03-31 0 0
2017-12-31 0 -1
2017-09-30 0 -1
2017-06-30 0 -1
2017-03-31 0 -1
2016-12-31 0 -1
2016-09-30 0 -1
2016-06-30 -1 -1
2016-03-31 0 -1

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Korab Resources is high growth as no earnings estimate data is available.
  • Unable to determine if Korab Resources is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
ASX:KOR Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Korab Resources Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

ASX:KOR Past Financials Data
Date (Data in AUD Millions) EPS *
2018-12-31 0.00
2018-09-30 0.00
2018-06-30 0.00
2018-03-31 0.00
2017-12-31 0.00
2017-09-30 0.00
2017-06-30 0.00
2017-03-31 0.00
2016-12-31 0.00
2016-09-30 0.00
2016-06-30 -0.01
2016-03-31 -0.01

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Korab Resources will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Korab Resources's future outlook can be gauged by looking at industry trends and market size, and determining how well-positioned the company is compared to its competitors. Take a look at other high-growth Materials companies here
  2. Korab Resources's competitive advantages and company strategy can generally be found in its financial reports archived here.
  3. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Future performance checks
We assess Korab Resources's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Australia market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Australia market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Korab Resources has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Korab Resources performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Korab Resources's growth in the last year to its industry (Metals and Mining).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Korab Resources does not make a profit even though their year on year earnings growth rate was positive over the past 5 years.
  • Unable to compare Korab Resources's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Korab Resources's 1-year growth to the AU Metals and Mining industry average as it is not currently profitable.
Earnings and Revenue History
Korab Resources's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Korab Resources Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

ASX:KOR Past Revenue, Cash Flow and Net Income Data
Date (Data in AUD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 0.05 -0.56 -0.24
2018-09-30 0.03 -0.53 -0.24
2018-06-30 -0.49 -0.24
2018-03-31 -0.50 -0.21
2017-12-31 -0.51 -0.17
2017-09-30 -0.56 -0.19
2017-06-30 -0.60 -0.21
2017-03-31 -0.61 -0.21
2016-12-31 -0.62 -0.21
2016-09-30 -0.87 -0.19
2016-06-30 -1.11 -0.17
2016-03-31 -1.16 -0.18
2015-12-31 -1.21 -0.19
2015-09-30 -1.03 -0.13
2015-06-30 -0.85 -0.07
2015-03-31 -2.18 -0.01
2014-12-31 -3.50 0.05
2014-09-30 -3.51 0.18
2014-06-30 -3.52 0.30
2014-03-31 -2.41 0.37
2013-12-31 -1.31 0.43
2013-09-30 -1.55 0.42
2013-06-30 -1.78 0.41
2013-03-31 -1.75 0.44
2012-12-31 -1.71 0.47
2012-09-30 -1.57 0.42
2012-06-30 -1.43 0.37

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • It is difficult to establish if Korab Resources has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if Korab Resources has efficiently used its assets last year compared to the AU Metals and Mining industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if Korab Resources improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess Korab Resources's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Metals and Mining industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Korab Resources has a total score of 0/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Korab Resources's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Korab Resources's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Korab Resources's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Korab Resources's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Korab Resources's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is not covered by short term assets, assets are 0.1x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Korab Resources Company Filings, last reported 4 months ago.

ASX:KOR Past Debt and Equity Data
Date (Data in AUD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 1.83 1.60 0.03
2018-09-30 1.83 1.60 0.03
2018-06-30 1.99 1.47 0.02
2018-03-31 1.99 1.47 0.02
2017-12-31 2.02 1.34 0.13
2017-09-30 2.02 1.34 0.13
2017-06-30 1.97 1.28 0.30
2017-03-31 1.97 1.28 0.30
2016-12-31 1.02 1.70 0.11
2016-09-30 1.02 1.70 0.11
2016-06-30 0.96 1.50 0.05
2016-03-31 0.96 1.50 0.05
2015-12-31 0.89 1.16 0.26
2015-09-30 0.89 1.16 0.26
2015-06-30 1.08 1.12 0.22
2015-03-31 1.08 1.12 0.22
2014-12-31 0.47 1.23 0.15
2014-09-30 0.47 1.23 0.15
2014-06-30 0.81 0.92 0.15
2014-03-31 0.81 0.92 0.15
2013-12-31 4.91 0.94 0.12
2013-09-30 4.91 0.94 0.12
2013-06-30 5.06 0.42 0.12
2013-03-31 5.06 0.42 0.12
2012-12-31 4.63 0.30 0.12
2012-09-30 4.63 0.30 0.12
2012-06-30 5.04 0.50 0.94
  • Korab Resources's level of debt (87.3%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (19.3% vs 87.3% today).
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.

  • Korab Resources has less than a year of cash runway based on current free cash flow.
  • Korab Resources has less than a year of cash runway if free cash flow continues to reduce at historical rates of -23.3% each year.
X
Financial health checks
We assess Korab Resources's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Korab Resources has a total score of 0/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

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

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from Korab Resources dividends.
If you bought A$2,000 of Korab Resources shares you are expected to receive A$0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate Korab Resources's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Korab Resources's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
ASX:KOR Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
Australia Metals and Mining Industry Average Dividend Yield Market Cap Weighted Average of 36 Stocks 3.8%
Australia Market Average Dividend Yield Market Cap Weighted Average of 414 Stocks 4.2%
Australia Minimum Threshold Dividend Yield 10th Percentile 1.5%
Australia Bottom 25% Dividend Yield 25th Percentile 2.6%
Australia Top 25% Dividend Yield 75th Percentile 5.7%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as Korab Resources has not reported any payouts.
  • Unable to verify if Korab Resources's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Korab Resources's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Korab Resources has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Korab Resources's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.5%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Korab Resources afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Korab Resources has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Korab Resources's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
  • Korab Resources has no CEO, or we have no data on them.
Management Team

Andrej Karpinski

TITLE
Executive Chairman & Company Secretary
COMPENSATION
A$327K
AGE
61
Board of Directors Tenure

Average tenure and age of the Korab Resources board of directors in years:

11
Average Tenure
67.5
Average Age
  • The average tenure for the Korab Resources board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Board of Directors

Andrej Karpinski

TITLE
Executive Chairman & Company Secretary
COMPENSATION
A$327K
AGE
61
TENURE
21.2 yrs

Rodney Henry Skeet

TITLE
Non-Executive Independent Director
COMPENSATION
A$26K
AGE
76
TENURE
16.5 yrs

Dan Smetana

TITLE
Non-Executive Independent Director
COMPENSATION
A$28K
AGE
74
TENURE
5.6 yrs

Anthony Wills

TITLE
Non-Executive Independent Director
COMPENSATION
A$28K
AGE
58
TENURE
4 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (A$) Value (A$)
X
Management checks
We assess Korab Resources's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Korab Resources has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Do Directors Own Korab Resources Limited (ASX:KOR) Shares?

Every investor in Korab Resources Limited (ASX:KOR) should be aware of the most powerful shareholder groups. … Korab Resources is not a large company by global standards. … See our latest analysis for Korab Resources

Simply Wall St -

Should You Be Concerned About Korab Resources Limited's (ASX:KOR) Shareholders?

I am going to take a deep dive into Korab Resources Limited’s (ASX:KOR) most recent ownership structure, not a frequent subject of discussion among individual investors. … When it comes to ownership structure of a company, the impact has been observed in both the long-and short-term performance of shares. … Therefore, it is beneficial for us to examine KOR's ownership structure in more detail.

Simply Wall St -

Korab Resources Limited (ASX:KOR): Time For A Financial Health Check

Investors are always looking for growth in small-cap stocks like Korab Resources Limited (ASX:KOR), with a market cap of AU$8.80m. … However, an important fact which most ignore is: how financially healthy is the business?

Simply Wall St -

Korab Resources Limited (ASX:KOR): Time For A Financial Health Check

How does KOR’s operating cash flow stack up against its debt? … With this debt payback, the current cash and short-term investment levels stands at AU$299.05K for investing into the business. … Maintaining a high level of debt, while revenues are still below costs, can be dangerous as liquidity tends to dry up in unexpected downturns.Next Steps: KOR’s cash flow coverage indicates it could improve its operating efficiency in order to meet demand for debt repayments should unforeseen events arise.

Simply Wall St -

Is Korab Resources Limited's (ASX:KOR) CEO Paid Enough To Stay Motivated?

Usually I would look at market cap and earnings as a proxy for performance, however, KOR's negative earnings reduces the effectiveness of this method. … Next Steps: Hopefully this article has given you insight on how shareholders should think about KOR's governance policies such as CEO pay. … If you have not done so already, I highly recommend you to complete your research by taking a look at the following: Governance: To find out more about KOR's governance, look through our infographic report of the company's board and management.

Simply Wall St -

Who Are Korab Resources Limited's (ASX:KOR) Major Shareholders?

In this article, I'm going to take a look at Korab Resources Limited’s (ASX:KOR) latest ownership structure, a non-fundamental factor which is important, but remains a less discussed subject among investors. … View our latest analysis for Korab Resources ASX:KOR Ownership_summary Mar 15th 18 Institutional Ownership Institutional investors transact in large blocks which can influence the momentum of stock prices, at least in the short-term, especially when there is a low level of public shares available on the market to trade. … As a result, potential investors should further explore the company's business relations with these companies and find out if they can affect shareholder returns in the long-term.Next Steps: Institutional ownership level and composition in KOR is not high nor active enough to significantly impact its investment thesis.

Simply Wall St -

Should You Have Korab Resources Limited's (ASX:KOR) In Your Portfolio?

Korab Resources has a beta of 2.41, which means that the percentage change in its stock value will be higher than the entire market in times of booms and busts. … KOR, with its market capitalisation of AU$8.91M, is a small-cap stock, which generally have higher beta than similar companies of larger size. … An asset-heavy company tends to have a higher beta because the risk associated with running fixed assets during a downturn is highly expensive.

Simply Wall St -

What You Must Know About Korab Resources Limited's (ASX:KOR) Financial Strength

How does KOR’s operating cash flow stack up against its debt? … Running high debt, while not yet making money, can be risky in unexpected downturns as liquidity may dry up, making it hard to operate.Next Steps: KOR’s debt and cash flow levels indicate room for improvement. … Its cash flow coverage of less than a quarter of debt means that operating efficiency could be an issue.

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Does Korab Resources Limited's (ASX:KOR) 53% EPS Growth Reflect The Long-Term Trend?

When Korab Resources Limited (ASX:KOR) released its most recent earnings update (30 June 2017), I wanted to understand how these figures stacked up against its past performance. … The two benchmarks I used were Korab Resources's average earnings over the past couple of years, and its industry performance. … See our latest analysis for KOR How KOR fared against its long-term earnings performance and its industry To account for any quarterly or half-yearly updates, I use the ‘latest twelve-month’ data, which either annualizes the most recent 6-month earnings update, or in some cases, the most recent annual report is already the latest available financial data.

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Have Investors Already Priced In Basic Materials Growth For Korab Resources Limited (ASX:KOR)?

Moreover, the basic materials sector can be affected by shifts in the housing market, as many produced raw materials are components of construction projects. … ASX:KOR PE PEG Gauge Nov 13th 17 The metals and mining industry is trading at a PE ratio of 14x, in-line with the Australian stock market PE of 17x. … If KOR has been on your watchlist for a while, now may be the time to enter into the stock, if you like its ability to deliver growth and are not highly concentrated in the metals and mining industry.

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Company Info

Description

Korab Resources Limited engages in the exploration and evaluation of mineral properties. The company explores for gold, silver, phosphate rock, magnesium, tin, iron ore, copper, nickel, cobalt, lead, zinc, lithium, and rare earth metals. Its projects include the Bobrikovo project located in Ukraine; the Winchester magnesium and the Geolsec Phosphate projects situated in Darwin, Northern Territory; the Batchelor and the Green Alligator projects located in Darwin, Northern Territory; and the Mt. Elephant project situated in Western Australia. The company was founded in 1998 and is based in West Perth, Australia.

Details
Name: Korab Resources Limited
KOR
Exchange: ASX
Founded: 1998
A$8,402,368
311,198,838
Website: http://www.korabresources.com.au
Address: Korab Resources Limited
20 Prowse Street,
West Perth,
Western Australia, 6005,
Australia
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
ASX KOR Ordinary Shares Australian Securities Exchange AU AUD 31. Aug 2005
CHIA KOR Ordinary Shares Chi-X Australia AU AUD 31. Aug 2005
Number of employees
Current staff
Staff numbers
5
Korab Resources employees.
Industry
Diversified Metals and Mining
Materials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/05/24 10:33
End of day share price update: 2019/05/24 00:00
Last earnings filing: 2019/03/17
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/06/30


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.