ASX:KRR

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King River Resources

Executive Summary

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


Snowflake Analysis

Adequate balance sheet and overvalued.

Share Price & News

How has King River Resources's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: KRR is not significantly more volatile than the rest of Australian stocks over the past 3 months, typically moving +/- 8% a week.

Volatility Over Time: KRR's weekly volatility has decreased from 15% to 8% over the past year.


Market Performance


7 Day Return

-3.7%

KRR

3.4%

AU Metals and Mining

2.4%

AU Market


1 Year Return

-3.7%

KRR

12.6%

AU Metals and Mining

-0.6%

AU Market

Return vs Industry: KRR underperformed the Australian Metals and Mining industry which returned 12.6% over the past year.

Return vs Market: KRR underperformed the Australian Market which returned -0.6% over the past year.


Shareholder returns

KRRIndustryMarket
7 Day-3.7%3.4%2.4%
30 Day-10.3%5.1%8.0%
90 Day-18.8%0.6%8.8%
1 Year-3.7%-3.7%18.6%12.6%2.7%-0.6%
3 Year116.7%116.7%54.2%33.4%24.3%9.0%
5 Year91.2%62.5%194.4%138.0%56.9%25.7%

Long-Term Price Volatility Vs. Market

How volatile is King River Resources's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

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

1.85x

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 AU 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 (1.8x) compared to the AU Metals and Mining industry average (2.5x).


Next Steps

Future Growth

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

2.6%

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 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.


Next Steps

Past Performance

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

-35.2%

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 35.2% 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 (38%).


Return on Equity

High ROE: KRR has a negative Return on Equity (-6.34%), as it is currently unprofitable.


Next Steps

Financial Health

How is King River Resources's financial position?


Financial Position Analysis

Short Term Liabilities: KRR's short term assets (A$635.9K) do not cover its short term liabilities (A$852.3K).

Long Term Liabilities: KRR's short term assets (A$635.9K) exceed its long term liabilities (A$55.3K).


Debt to Equity History and Analysis

Debt Level: KRR's debt to equity ratio (2.8%) is considered satisfactory.

Reducing Debt: Insufficient data to determine if KRR's debt to equity ratio has reduced 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: KRR has sufficient cash runway for 2 months based on last reported free cash flow, but has since raised additional capital.

Forecast Cash Runway: KRR is forecast to have sufficient cash runway for 3 months based on free cash flow estimates, but has since raised additional capital.


Next Steps

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?

8.9yrs

Average board tenure


CEO

King River Resources has no CEO, or we have no data on them.


Board Members

NamePositionTenureCompensationOwnership
Gregory MacMillan
Joint Company Secretary & Non-Executive Director6.33yrsAU$43.80k2.29%
A$ 891.2k
Anthony Barton
Non-Executive Chairman13.5yrsAU$43.80k6.74%
A$ 2.6m
Leonid Charuckyj
Independent Non-Executive Director8.92yrsAU$43.80k1.17%
A$ 454.1k

8.9yrs

Average Tenure

63yo

Average Age

Experienced Board: KRR's board of directors are considered experienced (8.9 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 24.4%.


Top Shareholders

Company Information

King River Resources Limited's company bio, 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
  • Market Cap: AU$38.838m
  • Shares outstanding: 1.55b
  • Website: https://kingriverresources.com.au

Location

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

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
KRRASX (Australian Securities Exchange)YesOrdinary SharesAUAUDSep 2007
KRRCHIA (Chi-X Australia)YesOrdinary SharesAUAUDSep 2007

Biography

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, alumina, vanadium, titan...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/11/26 07:04
End of Day Share Price2020/11/26 00:00
Earnings2020/06/30
Annual Earnings2020/06/30


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.