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PRL

Province ResourcesASX:PRL Stock Report

Market Cap

AU$180.7m

7D

0%

1Y

1,130.8%

Updated

21 Oct, 2021

Data

Company Financials
PRL fundamental analysis
Snowflake Score
Valuation0/6
Future Growth0/6
Past Performance0/6
Financial Health6/6
Dividends0/6

PRL Overview

Province Resources Limited primarily focuses on the exploration and development of mineral deposits in Australia, Sweden, and the United Kingdom.

Price History & Performance

Summary of all time highs, changes and price drops for Province Resources
Historical stock prices
Current Share PriceAU$0.16
52 Week HighAU$0.012
52 Week LowAU$0.25
Beta2.39
1 Month Change10.35%
3 Month Change18.52%
1 Year Change1,130.77%
3 Year Changen/a
5 Year Change757.17%
Change since IPO-100.00%

Recent News & Updates

Shareholder Returns

PRLAU Metals and MiningAU Market
7D0%-0.3%0.7%
1Y1,130.8%12.5%21.4%

Return vs Industry: PRL exceeded the Australian Metals and Mining industry which returned 11.3% over the past year.

Return vs Market: PRL exceeded the Australian Market which returned 21.1% over the past year.

Price Volatility

Is PRL's price volatile compared to industry and market?
PRL volatility
PRL Beta2.39
Industry Beta0.97
Market Beta1

Stable Share Price: PRL is not significantly more volatile than the rest of Australian stocks over the past 3 months, typically moving +/- 10% a week.

Volatility Over Time: PRL's weekly volatility has decreased from 67% to 10% over the past year.

About the Company

FoundedEmployeesCEOWebsite
1993n/aDavid Franceshttps://www.provinceresources.com

Province Resources Limited primarily focuses on the exploration and development of mineral deposits in Australia, Sweden, and the United Kingdom. The company primarily explores for copper, gold, nickel, cobalt, vanadium, and other minerals, as well as salt, potash, mineral sands, and renewable green hydrogen. The company was formerly known as ScandiVanadium Ltd and changed its name to Province Resources Ltd in November 2020.

Province Resources Fundamentals Summary

How do Province Resources's earnings and revenue compare to its market cap?
PRL fundamental statistics
Market CapAU$180.75m
Earnings (TTM)-AU$14.50m
Revenue (TTM)n/a

0x

P/S Ratio

-12.5x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
PRL income statement (TTM)
RevenueAU$0
Cost of RevenueAU$246.13k
Gross Profit-AU$246.13k
ExpensesAU$14.25m
Earnings-AU$14.50m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)-0.013
Gross Margin0.00%
Net Profit Margin0.00%
Debt/Equity Ratio0.0%

How did PRL perform over the long term?

See historical performance and comparison

Valuation

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

7.05x

Price to Book (PB) ratio


Share Price vs. Fair Value

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

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


Price To Earnings Ratio

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

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


Price to Book Ratio

PB vs Industry: PRL is overvalued based on its PB Ratio (7x) compared to the AU Metals and Mining industry average (2.6x).


Future Growth

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

-0.07%

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 Province 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 Province Resources performed over the past 5 years?

-64.9%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: PRL is currently unprofitable.

Growing Profit Margin: PRL is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: PRL is unprofitable, and losses have increased over the past 5 years at a rate of 64.9% per year.

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

Earnings vs Industry: PRL 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: PRL has a negative Return on Equity (-56.53%), as it is currently unprofitable.


Financial Health

How is Province Resources's financial position?


Financial Position Analysis

Short Term Liabilities: PRL's short term assets (A$23.8M) exceed its short term liabilities (A$163.7K).

Long Term Liabilities: PRL has no long term liabilities.


Debt to Equity History and Analysis

Debt Level: PRL is debt free.

Reducing Debt: PRL 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: PRL has sufficient cash runway for more than 3 years based on its current free cash flow.

Forecast Cash Runway: PRL has sufficient cash runway for more than 3 years if free cash flow continues to reduce at historical rates of 40.1% each year


Dividend

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


Dividend Yield vs Market

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

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

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

0.7yrs

Average management tenure


CEO

David Frances (53 yo)

0.67

Tenure

AU$327,367

Compensation

Mr. David John Frances, BSc (Hons), has been a Non-Executive Director of Southern Hemisphere Mining Limited since February 5, 2021. He serves as Managing Director and Chief Executive Officer at Province Re...


CEO Compensation Analysis

Compensation vs Market: David's total compensation ($USD245.16K) is about average for companies of similar size in the Australian market ($USD303.55K).

Compensation vs Earnings: Insufficient data to compare David's compensation with company performance.


Leadership Team

Experienced Management: PRL's management team is not considered experienced ( 0.7 years average tenure), which suggests a new team.


Board Members

Experienced Board: PRL's board of directors are not considered experienced ( 0.6 years average tenure), which suggests a new board.


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: PRL insiders have only sold shares in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have been substantially diluted in the past year, with total shares outstanding growing by 126.3%.


Top Shareholders

Company Information

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


Key Information

  • Name: Province Resources Limited
  • Ticker: PRL
  • Exchange: ASX
  • Founded: 1993
  • Industry: Diversified Metals and Mining
  • Sector: Materials
  • Market Cap: AU$180.746m
  • Shares outstanding: 1.13b
  • Website: https://www.provinceresources.com

Location

  • Province Resources Limited
  • 358 Rokeby Road
  • Subiaco
  • Western Australia
  • 6008
  • Australia

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/21 18:07
End of Day Share Price2021/10/21 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.