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QXR

QX ResourcesASX:QXR Stock Report

Market Cap

AU$10.0m

7D

14.3%

1Y

6.7%

Updated

14 Oct, 2021

Data

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

QXR Overview

QX Resources Limited engages in the exploration and exploitation of mineral properties in Queensland and Western Australia.

Price History & Performance

Summary of all time highs, changes and price drops for QX Resources
Historical stock prices
Current Share PriceAU$0.016
52 Week HighAU$0.01
52 Week LowAU$0.029
Beta-0.21
1 Month Change33.33%
3 Month Change14.29%
1 Year Change6.67%
3 Year Change6.67%
5 Year Changen/a
Change since IPO-99.33%

Recent News & Updates

Shareholder Returns

QXRAU Metals and MiningAU Market
7D14.3%2.6%0.3%
1Y6.7%7.4%17.9%

Return vs Industry: QXR matched the Australian Metals and Mining industry which returned 7.4% over the past year.

Return vs Market: QXR underperformed the Australian Market which returned 17.9% over the past year.

Price Volatility

Is QXR's price volatile compared to industry and market?
QXR volatility
QXR Beta-0.21
Industry Beta0.97
Market Beta1

Stable Share Price: QXR is more volatile than 90% of Australian stocks over the past 3 months, typically moving +/- 21% a week.

Volatility Over Time: QXR's weekly volatility (21%) has been stable over the past year, but is still higher than 75% of Australian stocks.

About the Company

FoundedEmployeesCEOWebsite
2010n/an/ahttps://qxresources.com.au

QX Resources Limited engages in the exploration and exploitation of mineral properties in Queensland and Western Australia. The company primarily explores for gold and base metals, including nickel. It holds interest in the Pilbara gold project located in the Pilbara region of Western Australia.

QX Resources Fundamentals Summary

How do QX Resources's earnings and revenue compare to its market cap?
QXR fundamental statistics
Market CapAU$10.00m
Earnings (TTM)-AU$1.45m
Revenue (TTM)n/a

0x

P/S Ratio

-7.4x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
QXR income statement (TTM)
RevenueAU$0
Cost of RevenueAU$0
Gross ProfitAU$0
ExpensesAU$1.45m
Earnings-AU$1.45m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)-0.0022
Gross Margin0.00%
Net Profit Margin0.00%
Debt/Equity Ratio0.0%

How did QXR perform over the long term?

See historical performance and comparison

Valuation

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

3.2x

Price to Book (PB) ratio


Share Price vs. Fair Value

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

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


Price To Earnings Ratio

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

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


Price to Book Ratio

PB vs Industry: QXR is overvalued based on its PB Ratio (3.2x) compared to the AU Metals and Mining industry average (2.5x).


Future Growth

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

-0.009%

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 QX 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 QX Resources performed over the past 5 years?

35.0%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: QXR is currently unprofitable.

Growing Profit Margin: QXR is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: QXR is unprofitable, but has reduced losses over the past 5 years at a rate of 35% per year.

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

Earnings vs Industry: QXR 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: QXR has a negative Return on Equity (-43.43%), as it is currently unprofitable.


Financial Health

How is QX Resources's financial position?


Financial Position Analysis

Short Term Liabilities: QXR's short term assets (A$1.8M) exceed its short term liabilities (A$184.8K).

Long Term Liabilities: QXR has no long term liabilities.


Debt to Equity History and Analysis

Debt Level: QXR is debt free.

Reducing Debt: QXR currently has no debt however we can't compare to 5 years ago as we have no data for that period.


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

Forecast Cash Runway: QXR has sufficient cash runway for 1.6 years if free cash flow continues to grow at historical rates of 17.7% each year.


Dividend

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


Dividend Yield vs Market

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

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

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

2.7yrs

Average board tenure


CEO

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


Board Members

Experienced Board: QXR's board of directors are not considered experienced ( 2.7 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: Insufficient data to determine if insiders have bought more shares than they have sold 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 50.6%.


Top Shareholders

Company Information

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


Key Information

  • Name: QX Resources Limited
  • Ticker: QXR
  • Exchange: ASX
  • Founded: 2010
  • Industry: Diversified Metals and Mining
  • Sector: Materials
  • Market Cap: AU$9.995m
  • Shares outstanding: 666.36m
  • Website: https://qxresources.com.au

Location

  • QX Resources Limited
  • 34 Colin Street
  • Level 2
  • West Perth
  • Western Australia
  • 6005
  • Australia

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/14 07:04
End of Day Share Price2021/10/14 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.