Latin Resources Limited engages in the exploration and evaluation of mining projects in Australia, Brazil, Peru, and Argentina.
Price History & Performance
|Historical stock prices|
|Current Share Price||AU$0.043|
|52 Week High||AU$0.015|
|52 Week Low||AU$0.10|
|1 Month Change||-8.51%|
|3 Month Change||-6.52%|
|1 Year Change||126.32%|
|3 Year Change||-65.60%|
|5 Year Change||-87.71%|
|Change since IPO||-98.96%|
Recent News & Updates
Here's Why We're Watching Latin Resources' (ASX:LRS) Cash Burn Situation
Even when a business is losing money, it's possible for shareholders to make money if they buy a good business at the...
|LRS||AU Metals and Mining||AU Market|
Return vs Industry: LRS exceeded the Australian Metals and Mining industry which returned 13.3% over the past year.
Return vs Market: LRS exceeded the Australian Market which returned 20.3% over the past year.
Stable Share Price: LRS is not significantly more volatile than the rest of Australian stocks over the past 3 months, typically moving +/- 10% a week.
Volatility Over Time: LRS's weekly volatility has decreased from 17% to 10% over the past year.
About the Company
Latin Resources Limited engages in the exploration and evaluation of mining projects in Australia, Brazil, Peru, and Argentina. The company primarily explores for lithium, silver, lead, copper, and gold deposits. Its flagship project is the Soft Rock Halloysite Project covering an area of 54 square kilometers located near Merredin, Western Australia.
Latin Resources Fundamentals Summary
|LRS fundamental statistics|
Is LRS overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|LRS income statement (TTM)|
|Cost of Revenue||AU$0|
Last Reported Earnings
Jun 30, 2021
Next Earnings Date
|Earnings per share (EPS)||-0.0029|
|Net Profit Margin||-2,507.56%|
How did LRS perform over the long term?See historical performance and comparison
Is Latin 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 LRS's fair value to establish if it is undervalued.
Significantly Below Fair Value: Insufficient data to calculate LRS's fair value to establish if it is undervalued.
Price To Earnings Ratio
PE vs Industry: LRS is unprofitable, so we can't compare its PE Ratio to the Australian Metals and Mining industry average.
PE vs Market: LRS 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 LRS's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: LRS is overvalued based on its PB Ratio (4.4x) compared to the AU Metals and Mining industry average (2.5x).
How is Latin 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 Latin 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 Latin Resources performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: LRS is currently unprofitable.
Growing Profit Margin: LRS is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: LRS is unprofitable, but has reduced losses over the past 5 years at a rate of 25% per year.
Accelerating Growth: Unable to compare LRS's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: LRS is unprofitable, making it difficult to compare its past year earnings growth to the Metals and Mining industry (35.3%).
Return on Equity
High ROE: LRS has a negative Return on Equity (-30%), as it is currently unprofitable.
How is Latin Resources's financial position?
Financial Position Analysis
Short Term Liabilities: LRS's short term assets (A$4.1M) exceed its short term liabilities (A$1.4M).
Long Term Liabilities: LRS has no long term liabilities.
Debt to Equity History and Analysis
Debt Level: LRS is debt free.
Reducing Debt: LRS has no debt compared to 5 years ago when its debt to equity ratio was 36.6%.
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: LRS has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: LRS has less than a year of cash runway if free cash flow continues to grow at historical rates of 4.1% each year.
What is Latin Resources's current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Notable Dividend: Unable to evaluate LRS's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate LRS'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 LRS's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if LRS'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 LRS'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 management tenure
Mr. Christopher Peter Gale, also known as Chris, has been the Executive Chairman of OAR Resources Limited (formerly known as Oakdale Resources Limited) since May 16, 2019 and has been its Executive Directo...
CEO Compensation Analysis
Compensation vs Market: Chris's total compensation ($USD253.70K) is about average for companies of similar size in the Australian market ($USD301.95K).
Compensation vs Earnings: Chris's compensation has been consistent with company performance over the past year.
Experienced Management: LRS's management team is considered experienced (3.6 years average tenure).
Experienced Board: LRS's board of directors are considered experienced (7.8 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
Dilution of Shares: Shareholders have been substantially diluted in the past year, with total shares outstanding growing by 55.5%.
Latin Resources Limited's employee growth, exchange listings and data sources
- Name: Latin Resources Limited
- Ticker: LRS
- Exchange: ASX
- Founded: 2008
- Industry: Diversified Metals and Mining
- Sector: Materials
- Market Cap: AU$57.747m
- Shares outstanding: 1.41b
- Website: https://www.latinresources.com.au
- Latin Resources Limited
- 32 Harrogate Street
- Unit 3
- West Leederville
- Western Australia
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/10/19 07:03|
|End of Day Share Price||2021/10/19 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.