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KRR

King River ResourcesASX:KRR Stock Report

Last Price

AU$0.024

Market Cap

AU$37.3m

7D

-4.0%

1Y

-33.3%

Updated

26 Jan, 2022

Data

Company Financials
KRR fundamental analysis
Snowflake Score
Valuation1/6
Future Growth0/6
Past Performance0/6
Financial Health6/6
Dividends0/6

KRR Stock Overview

King River Resources Limited, together with its subsidiaries, engages in the exploration and development of mineral resources in Australia.

Price History & Performance

Summary of all time highs, changes and price drops for King River Resources
Historical stock prices
Current Share PriceAU$0.024
52 Week HighAU$0.043
52 Week LowAU$0.022
Beta0.071
1 Month Change0%
3 Month Change-7.69%
1 Year Change-33.33%
3 Year Change-29.41%
5 Year Change200.00%
Change since IPO-89.09%

Recent News & Updates

Dec 16
We're Not Very Worried About King River Resources' (ASX:KRR) Cash Burn Rate

We're Not Very Worried About King River Resources' (ASX:KRR) Cash Burn Rate

Even when a business is losing money, it's possible for shareholders to make money if they buy a good business at the...

Shareholder Returns

KRRAU Metals and MiningAU Market
7D-4.0%-5.6%-5.4%
1Y-33.3%3.7%2.6%

Return vs Industry: KRR underperformed the Australian Metals and Mining industry which returned 3.7% over the past year.

Return vs Market: KRR underperformed the Australian Market which returned 2.6% over the past year.

Price Volatility

Is KRR's price volatile compared to industry and market?
KRR volatility
KRR Average Weekly Movement9.1%
Metals and Mining Industry Average Movement10.7%
Market Average Movement8.5%
10% most volatile stocks in AU Market15.4%
10% least volatile stocks in AU Market3.7%

Stable Share Price: KRR is not significantly more volatile than the rest of Australian stocks over the past 3 months, typically moving +/- 9% a week.

Volatility Over Time: KRR's weekly volatility (9%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
2002n/aDoug Flanaganhttps://kingriverresources.com.au

King River Resources Limited, together with its subsidiaries, engages in the exploration and development of mineral resources in Australia. The company primarily explores for gold, copper, alumina, vanadium, titanium, magnesium, and iron deposits. It owns 100% interest in tenements covering approximately 3,274 square kilometers in the East Kimberley region in Western Australia; and 100% interest in tenements covering approximately 7,705 square kilometers in the Tennant Creek region of the Northern Territory.

King River Resources Fundamentals Summary

How do King River Resources's earnings and revenue compare to its market cap?
KRR fundamental statistics
Market CapAU$37.28m
Earnings (TTM)-AU$968.84k
Revenue (TTM)AU$6.09k

0.0x

P/S Ratio

-38.7x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
KRR income statement (TTM)
RevenueAU$6.09k
Cost of RevenueAU$0
Gross ProfitAU$6.09k
ExpensesAU$974.94k
Earnings-AU$968.84k

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)-0.00062
Gross Margin100.00%
Net Profit Margin-15,898.29%
Debt/Equity Ratio0%

How did KRR perform over the long term?

See historical performance and comparison

Valuation

Is King River Resources undervalued compared to its fair value and its price relative to the market?

1.51x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate KRR's fair value to establish if it is undervalued.

Significantly Below Fair Value: Insufficient data to calculate KRR's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: KRR is unprofitable, so we can't compare its PE Ratio to the Australian Metals and Mining industry average.

PE vs Market: KRR 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 KRR's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: KRR is good value based on its PB Ratio (1.5x) compared to the AU Metals and Mining industry average (2.6x).


Future Growth

How is King River Resources forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

0.7%

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 King River 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.


Past Performance

How has King River Resources performed over the past 5 years?

-22.6%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: KRR is currently unprofitable.

Growing Profit Margin: KRR is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: KRR is unprofitable, and losses have increased over the past 5 years at a rate of 22.6% per year.

Accelerating Growth: Unable to compare KRR's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: KRR is unprofitable, making it difficult to compare its past year earnings growth to the Metals and Mining industry (33%).


Return on Equity

High ROE: KRR has a negative Return on Equity (-3.91%), as it is currently unprofitable.


Financial Health

How is King River Resources's financial position?


Financial Position Analysis

Short Term Liabilities: KRR's short term assets (A$6.6M) exceed its short term liabilities (A$246.5K).

Long Term Liabilities: KRR's short term assets (A$6.6M) exceed its long term liabilities (A$43.4K).


Debt to Equity History and Analysis

Debt Level: KRR is debt free.

Reducing Debt: KRR had no debt 5 years ago.


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: KRR has sufficient cash runway for more than a year based on its current free cash flow.

Forecast Cash Runway: KRR has sufficient cash runway for 1.1 years if free cash flow continues to reduce at historical rates of 12.9% each year.


Dividend

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


Dividend Yield vs Market

Notable Dividend: Unable to evaluate KRR's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate KRR'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 KRR's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if KRR'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 KRR'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?

2.8yrs

Average management tenure


CEO

Doug Flanagan

0.25

Tenure

Mr. Doug Flanagan serves as Chief Executive Officer of High Purity Metals Division at King River Resources Limited since October 2021. He is a qualified engineer, BEng (Hons), with experience in the Mining...


Leadership Team

Experienced Management: KRR's management team is considered experienced (2.8 years average tenure).


Board Members

Experienced Board: KRR's board of directors are seasoned and experienced ( 10.1 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 not been meaningfully diluted in the past year.


Top Shareholders

Company Information

King River Resources Limited's employee growth, exchange listings and data sources


Key Information

  • Name: King River Resources Limited
  • Ticker: KRR
  • Exchange: ASX
  • Founded: 2002
  • Industry: Diversified Metals and Mining
  • Sector: Materials
  • Implied Market Cap: AU$37.285m
  • Shares outstanding: 1.55b
  • Website: https://kingriverresources.com.au

Location

  • King River Resources Limited
  • 254 Adelaide Tce
  • Perth
  • Western Australia
  • 6000
  • Australia

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/01/26 07:02
End of Day Share Price2022/01/25 00:00
Earnings2021/06/30
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.