Korab Resources Limited engages in the exploration and evaluation of mineral properties. More Details
Imperfect 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 is more volatile than 75% of Australian stocks over the past 3 months, typically moving +/- 18% a week.
Volatility Over Time: KOR's weekly volatility (18%) has been stable over the past year, but is still higher than 75% of Australian stocks.
7 Day Return
AU Metals and Mining
1 Year Return
AU Metals and Mining
Return vs Industry: KOR exceeded the Australian Metals and Mining industry which returned 55.9% over the past year.
Return vs Market: KOR exceeded the Australian Market which returned 37.1% over the past year.
Long-Term 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
3 weeks ago | Simply Wall StIs Korab Resources (ASX:KOR) A Risky Investment?
6 months ago | Simply Wall StKorab Resources (ASX:KOR) Has A Somewhat Strained Balance Sheet
11 months ago | Simply Wall StDo Directors Own Korab Resources Limited (ASX:KOR) Shares?
Is Korab Resources undervalued compared to its fair value and its price relative to the market?
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 AU 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 (3.1x) compared to the AU Metals and Mining industry average (2.6x).
How is Korab Resources forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
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.
How has Korab Resources performed over the past 5 years?
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 22.7% 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 (26.1%).
Return on Equity
High ROE: KOR has a negative Return on Equity (-25.57%), as it is currently unprofitable.
How is Korab Resources's financial position?
Financial Position Analysis
Short Term Liabilities: KOR's short term assets (A$119.5K) do not cover its short term liabilities (A$472.7K).
Long Term Liabilities: KOR's short term assets (A$119.5K) do not cover its long term liabilities (A$2.4M).
Debt to Equity History and Analysis
Debt Level: KOR's debt to equity ratio (171.4%) is considered high.
Reducing Debt: KOR's debt to equity ratio has increased from 130.6% to 171.4% over the past 5 years.
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: Whilst unprofitable KOR has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: KOR is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 20.3% per year.
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.
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.
Experienced Board: KOR's board of directors are seasoned and experienced ( 18.4 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.
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Korab Resources Limited's company bio, employee growth, exchange listings and data sources
- Name: Korab Resources Limited
- Ticker: KOR
- Exchange: ASX
- Founded: 1998
- Industry: Diversified Metals and Mining
- Sector: Materials
- Market Cap: AU$4.322m
- Shares outstanding: 332.49m
- Website: https://www.korabresources.com
Number of Employees
- Korab Resources Limited
- 20 Prowse Street
- West Perth
- Western Australia
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,...
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/04/13 08:16|
|End of Day Share Price||2021/04/13 00:00|
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.