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Korab Resources ASX:KOR Stock Report

Last Price


Market Cap







27 Jun, 2022


Company Financials
KOR fundamental analysis
Snowflake Score
Future Growth0/6
Past Performance0/6
Financial Health4/6

KOR Stock Overview

Korab Resources Limited engages in the exploration and evaluation of mineral properties.

Korab Resources Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Korab Resources
Historical stock prices
Current Share PriceAU$0.02
52 Week HighAU$0.10
52 Week LowAU$0.012
1 Month Change-28.57%
3 Month Change-51.22%
1 Year Change42.86%
3 Year Change-23.08%
5 Year Change-4.76%
Change since IPO-92.59%

Recent News & Updates

Mar 17
Here's Why Korab Resources (ASX:KOR) Has A Meaningful Debt Burden

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...

Oct 14
Is Korab Resources (ASX:KOR) A Risky Investment?

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

KORAU Metals and MiningAU Market

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

Is KOR's price volatile compared to industry and market?
KOR volatility
KOR Average Weekly Movement13.1%
Metals and Mining Industry Average Movement11.4%
Market Average Movement9.7%
10% most volatile stocks in AU Market16.3%
10% least volatile stocks in AU Market4.2%

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


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

How do Korab Resources's earnings and revenue compare to its market cap?
KOR fundamental statistics
Market CapAU$6.97m
Earnings (TTM)-AU$441.47k
Revenue (TTM)AU$241.25k


P/S Ratio


P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
KOR income statement (TTM)
Cost of RevenueAU$0
Gross ProfitAU$241.25k
Other ExpensesAU$682.72k

Last Reported Earnings

Dec 31, 2021

Next Earnings Date


Earnings per share (EPS)-0.0012
Gross Margin100.00%
Net Profit Margin-183.00%
Debt/Equity Ratio105.7%

How did KOR perform over the long term?

See historical performance and comparison
We’ve recently updated our valuation analysis.


Is KOR undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score


Valuation 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.

KOR key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue34.5x
Enterprise Value/EBITDA13.7x
PEG Ration/a

Price to Sales Ratio vs Peers

How does KOR's PS Ratio compare to its peers?

KOR PS Ratio vs Peers
The above table shows the PS ratio for KOR vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPSEstimated GrowthMarket Cap
Peer Average174.5x
RML Resolution Minerals
AX8 Accelerate Resources
CUL Cullen Resources
AQX Alice Queen
KOR Korab Resources

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.

KOR PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio30.8x
Fair PS Ration/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


Future Growth Score 0/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


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


Past Performance Score 0/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


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


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

Dividend Score


Dividend 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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How experienced are the management team and are they aligned to shareholders interests?


Average board tenure


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).


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:

Number of Employees


  • Korab Resources Limited
  • 20 Prowse Street
  • Suite 1
  • West Perth
  • Western Australia
  • 6005
  • Australia


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/06/27 00:00
End of Day Share Price2022/06/27 00:00
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.