Executive Summary
Korab Resources Limited engages in the exploration and evaluation of mineral properties.
Rewards
Risk Analysis
Snowflake Analysis
Mediocre balance sheet with weak fundamentals.
Share Price & News
How has Korab Resources's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: KOR's share price has been volatile over the past 3 months.
Market Performance
7 Day Return
14.3%
KOR
0.1%
AU Metals and Mining
5.1%
AU Market
1 Year Return
-72.4%
KOR
1.7%
AU Metals and Mining
-9.4%
AU Market
Return vs Industry: KOR underperformed the Australian Metals and Mining industry which returned 2% over the past year.
Return vs Market: KOR underperformed the Australian Market which returned -10.6% over the past year.
Shareholder returns
| KOR | Industry | Market | |
|---|---|---|---|
| 7 Day | 14.3% | 0.1% | 5.1% |
| 30 Day | 14.3% | 13.3% | 11.1% |
| 90 Day | 0% | 7.8% | -9.3% |
| 1 Year | -72.4%-72.4% | 7.1%1.7% | -5.7%-9.4% |
| 3 Year | -60.0%-60.0% | 63.6%41.2% | 14.4%-0.8% |
| 5 Year | -72.2%-72.4% | 92.3%53.7% | 30.9%2.7% |
Price Volatility Vs. Market
How volatile is Korab Resources's share price compared to the market and industry in the last 5 years?
Simply Wall St News
4 weeks ago | Simply Wall St
Do Directors Own Korab Resources Limited (ASX:KOR) Shares?2 months ago | Simply Wall St
Investors Who Bought Korab Resources (ASX:KOR) Shares Five Years Ago Are Now Down 79%4 months ago | Simply Wall St
Could Korab Resources Limited's (ASX:KOR) Investor Composition Influence The Stock Price?Valuation
Is Korab Resources undervalued compared to its fair value and its price relative to the market?
1.57x
Price to Book (PB) ratio
Share Price vs. Fair Value
Below Fair Value: Insufficient data to calculate KOR's fair value to establish if it is undervalued.
Significantly Below Fair Value: Insufficient data to calculate KOR's fair value to establish if it is undervalued.
Price To Earnings Ratio
PE vs Industry: KOR is unprofitable, so we can't compare its PE Ratio to the Metals and Mining industry average.
PE vs Market: KOR 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 KOR's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: KOR is overvalued based on its PB Ratio (1.8x) compared to the AU Metals and Mining industry average (1.5x).
Next Steps
Future Growth
How is Korab Resources forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
3.6%
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.
Next Steps
- Take a look at our analysis of KOR’s management and see if the CEO’s compensation is within a reasonable range, who is on the board and if insiders have been trading lately.
- Korab Resources competitive advantages and company strategy can generally be found in its financial reports archived here.
- Explore growth companies in the Materials industry.
Past Performance
How has Korab Resources performed over the past 5 years?
34.6%
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 34.6% 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 (-7.9%).
Return on Equity
High ROE: KOR has a negative Return on Equity (-34.26%), as it is currently unprofitable.
Next Steps
Financial Health
How is Korab Resources's financial position?
Financial Position Analysis
Short Term Liabilities: KOR's short term assets (A$154.2K) do not cover its short term liabilities (A$642.2K).
Long Term Liabilities: KOR's short term assets (A$154.2K) do not cover its long term liabilities (A$1.9M).
Debt to Equity History and Analysis
Debt Level: KOR's debt to equity ratio (117.5%) is considered high.
Reducing Debt: KOR's debt to equity ratio has reduced from 260.2% to 117.5% 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 2 months based on last reported free cash flow, but has since raised additional capital.
Forecast Cash Runway: KOR is forecast to have sufficient cash runway for 2 months based on free cash flow estimates, but has since raised additional capital.
Next Steps
Dividend
What is Korab Resources's current dividend yield, its reliability and sustainability?
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.
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 KOR'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?
17.5yrs
Average board tenure
CEO
Korab Resources has no CEO, or we have no data on them.
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Executive Chairman & Company Secretary | 22.08yrs | AU$327.00k | 16.64% A$498.0k | |
| Non-Executive Independent Director | 17.5yrs | AU$26.00k | 0.17% A$5.1k | |
| Non-Executive Independent Director | 5yrs | AU$28.47k | no data |
17.5yrs
Average Tenure
62yo
Average Age
Experienced Board: KOR's board of directors are seasoned and experienced ( 17.5 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.
Ownership Breakdown
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 6.8%.
Top Shareholders
Company Information
Korab Resources Limited's company bio, 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
- Market Cap: AU$2.992m
- Shares outstanding: 332.49m
- Website: https://www.korabresources.com
Number of Employees
Location
- Korab Resources Limited
- 20 Prowse Street
- West Perth
- Western Australia
- 6005
- Australia
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| KOR | ASX (Australian Securities Exchange) | Yes | Ordinary Shares | AU | AUD | Aug 2005 |
| KOR | CHIA (Chi-X Australia) | Yes | Ordinary Shares | AU | AUD | Aug 2005 |
Biography
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 Batchelor, Northern Territory; and the Mt. Elephant project situated in Western Australia. The company was founded in 1998 and is based in West Perth, Australia.Â
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/05/29 10:36 |
| End of Day Share Price | 2020/05/29 00:00 |
| Earnings | 2019/12/31 |
| Annual Earnings | 2019/06/30 |
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.