| Snowflake Score | |
|---|---|
| Valuation | 2/6 |
| Future Growth | 0/6 |
| Past Performance | 0/6 |
| Financial Health | 4/6 |
| Dividends | 0/6 |
KOR Stock Overview
Korab Resources Limited engages in the exploration and evaluation of mineral properties.
Korab Resources Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | AU$0.02 |
| 52 Week High | AU$0.10 |
| 52 Week Low | AU$0.012 |
| Beta | 1.42 |
| 1 Month Change | -28.57% |
| 3 Month Change | -51.22% |
| 1 Year Change | 42.86% |
| 3 Year Change | -23.08% |
| 5 Year Change | -4.76% |
| Change since IPO | -92.59% |
Recent News & Updates
Here's Why Korab Resources (ASX:KOR) Has A Meaningful Debt Burden
Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...
Is Korab Resources (ASX:KOR) A Risky Investment?
Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...
Shareholder Returns
| KOR | AU Metals and Mining | AU Market | |
|---|---|---|---|
| 7D | -16.7% | -5.9% | 1.4% |
| 1Y | 42.9% | -12.4% | -11.3% |
Return vs Industry: KOR exceeded the Australian Metals and Mining industry which returned -12.4% over the past year.
Return vs Market: KOR exceeded the Australian Market which returned -11.3% over the past year.
Price Volatility
| KOR volatility | |
|---|---|
| KOR Average Weekly Movement | 13.1% |
| Metals and Mining Industry Average Movement | 11.4% |
| Market Average Movement | 9.7% |
| 10% most volatile stocks in AU Market | 16.3% |
| 10% least volatile stocks in AU Market | 4.2% |
Stable Share Price: KOR is more volatile than 75% of Australian stocks over the past 3 months, typically moving +/- 13% a week.
Volatility Over Time: KOR's weekly volatility has decreased from 33% to 13% over the past year, but is still higher than 75% of Australian stocks.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 1998 | 4 | n/a | https://www.korabresources.com |
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 carbonate and the Geolsec Phosphate projects located in Darwin, Northern Territory; the Batchelor and the Green Alligator projects located in Batchelor, Northern Territory; and the Mt.
Korab Resources Fundamentals Summary
| KOR fundamental statistics | |
|---|---|
| Market Cap | AU$6.97m |
| Earnings (TTM) | -AU$441.47k |
| Revenue (TTM) | AU$241.25k |
30.8x
P/S Ratio-16.7x
P/E RatioIs KOR overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| KOR income statement (TTM) | |
|---|---|
| Revenue | AU$241.25k |
| Cost of Revenue | AU$0 |
| Gross Profit | AU$241.25k |
| Other Expenses | AU$682.72k |
| Earnings | -AU$441.47k |
Last Reported Earnings
Dec 31, 2021
Next Earnings Date
n/a
| Earnings per share (EPS) | -0.0012 |
| Gross Margin | 100.00% |
| Net Profit Margin | -183.00% |
| Debt/Equity Ratio | 105.7% |
How did KOR perform over the long term?
See historical performance and comparisonValuation
Is KOR undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score
2/6Valuation Score 2/6
Price-To-Sales vs Peers
Price-To-Sales vs Industry
Price-To-Sales vs Fair Ratio
Below Fair Value
Significantly Below Fair Value
PEG Ratio
Key Valuation Metric
Which metric is best to use when looking at relative valuation for KOR?
Other financial metrics that can be useful for relative valuation.
| What is KOR's n/a Ratio? | |
|---|---|
| n/a Ratio | 0x |
| n/a | n/a |
| Market Cap | AU$6.97m |
| Key Statistics | |
|---|---|
| Enterprise Value/Revenue | 34.5x |
| Enterprise Value/EBITDA | 13.7x |
| PEG Ratio | n/a |
Price to Sales Ratio vs Peers
How does KOR's PS Ratio compare to its peers?
| KOR PS Ratio vs Peers |
|---|
| Company | PS | Estimated Growth | Market Cap |
|---|---|---|---|
| Peer Average | 174.5x | ||
RML Resolution Minerals | 400x | n/a | AU$6.3m |
AX8 Accelerate Resources | 176.5x | n/a | AU$7.9m |
CUL Cullen Resources | 76.5x | n/a | AU$5.3m |
AQX Alice Queen | 70x | n/a | AU$5.1m |
KOR Korab Resources | 30.8x | n/a | AU$7.0m |
Price-To-Sales vs Peers: KOR is good value based on its Price-To-Sales Ratio (30.8x) compared to the peer average (174.5x).
Price to Earnings Ratio vs Industry
How does KOR's PE Ratio compare vs other companies in the AU Metals and Mining Industry?
Price-To-Sales vs Industry: KOR is good value based on its Price-To-Sales Ratio (30.8x) compared to the Australian Metals and Mining industry average (40x)
Price to Sales Ratio vs Fair Ratio
What is KOR's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.
| Fair Ratio | |
|---|---|
| Current PS Ratio | 30.8x |
| Fair PS Ratio | n/a |
Price-To-Sales vs Fair Ratio: Insufficient data to calculate KOR's Price-To-Sales Fair Ratio for valuation analysis.
Share Price vs Fair Value
What is the Fair Price of KOR when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: Insufficient data to calculate KOR's fair value for valuation analysis.
Significantly Below Fair Value: Insufficient data to calculate KOR's fair value for valuation analysis.
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate KOR's PEG Ratio to determine if it is good value.
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Future Growth
How is Korab Resources forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
Future Growth Score
0/6Future Growth Score 0/6
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Future ROE
-7.1%
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 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 SimplyWall St do have past financial data.
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- Examine Korab Resources's financial health to determine how well-positioned it is against times of financial stress by looking at its level of debt over time and how much cash it has left.
- Korab Resources competitive advantages and company strategy can generally be found in its financial reports archived here.
Past Performance
How has Korab Resources performed over the past 5 years?
Past Performance Score
0/6Past Performance Score 0/6
Quality Earnings
Growing Profit Margin
Earnings Trend
Accelerating Growth
Earnings vs Industry
High ROE
7.8%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: KOR is currently unprofitable.
Growing Profit Margin: KOR is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: KOR is unprofitable, but has reduced losses over the past 5 years at a rate of 7.8% per year.
Accelerating Growth: Unable to compare KOR's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: KOR is unprofitable, making it difficult to compare its past year earnings growth to the Metals and Mining industry (57.3%).
Return on Equity
High ROE: KOR has a negative Return on Equity (-15.94%), as it is currently unprofitable.
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Financial Health
How is Korab Resources's financial position?
Financial Health Score
4/6Financial Health Score 4/6
Short Term Liabilities
Long Term Liabilities
Debt Level
Reducing Debt
Stable Cash Runway
Forecast Cash Runway
Financial Position Analysis
Short Term Liabilities: KOR's short term assets (A$1.6M) exceed its short term liabilities (A$1.1M).
Long Term Liabilities: KOR's short term assets (A$1.6M) do not cover its long term liabilities (A$2.2M).
Debt to Equity History and Analysis
Debt Level: KOR's net debt to equity ratio (49%) is considered high.
Reducing Debt: KOR's debt to equity ratio has reduced from 164% to 105.7% over the 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: KOR has sufficient cash runway for more than 3 years based on its current free cash flow.
Forecast Cash Runway: KOR has sufficient cash runway for more than 3 years if free cash flow continues to grow at historical rates of 31.9% each year
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Dividend
What is Korab Resources's current dividend yield, its reliability and sustainability?
Dividend Score
0/6Dividend Score 0/6
Notable Dividend
High Dividend
Stable Dividend
Growing Dividend
Earnings Coverage
Future Dividend Coverage
Dividend Yield vs Market
Notable Dividend: Unable to evaluate KOR's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate KOR'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 KOR's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if KOR's dividend payments have been increasing.
Earnings Payout to Shareholders
Earnings Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: Unable to calculate sustainability of dividends as KOR has not reported any payouts.
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Management
How experienced are the management team and are they aligned to shareholders interests?
19.6yrs
Average board tenure
CEO
Korab Resources has no CEO, or we have no data on them.
Board Members
Experienced Board: KOR's board of directors are seasoned and experienced ( 19.6 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 diluted in the past year, with total shares outstanding growing by 10.4%.
Top Shareholders
Company Information
Korab Resources Limited's employee growth, exchange listings and data sources
Key Information
- Name: Korab Resources Limited
- Ticker: KOR
- Exchange: ASX
- Founded: 1998
- Industry: Diversified Metals and Mining
- Sector: Materials
- Implied Market Cap: AU$6.974m
- Shares outstanding: 367.05m
- Website: https://www.korabresources.com
Number of Employees
Location
- Korab Resources Limited
- 20 Prowse Street
- Suite 1
- West Perth
- Western Australia
- 6005
- Australia
Listings
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2022/06/27 00:00 |
| End of Day Share Price | 2022/06/27 00:00 |
| Earnings | 2021/12/31 |
| Annual Earnings | 2021/06/30 |
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.