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RCR

Rincon ResourcesASX:RCR Stock Report

Market Cap

AU$10.3m

7D

-15.9%

1Y

n/a

Updated

19 Oct, 2021

Data

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

RCR Overview

Rincon Resources Limited operates as a gold and base metals exploration company.

Price History & Performance

Summary of all time highs, changes and price drops for Rincon Resources
Historical stock prices
Current Share PriceAU$0.18
52 Week HighAU$0.19
52 Week LowAU$0.46
Beta0
1 Month Change-28.85%
3 Month Change-39.34%
1 Year Changen/a
3 Year Changen/a
5 Year Changen/a
Change since IPO-39.34%

Recent News & Updates

Shareholder Returns

RCRAU Metals and MiningAU Market
7D-15.9%3.9%1.7%
1Yn/a13.3%20.3%

Return vs Industry: Insufficient data to determine how RCR performed against the Australian Metals and Mining industry.

Return vs Market: Insufficient data to determine how RCR performed against the Australian Market.

Price Volatility

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

Stable Share Price: RCR is more volatile than 90% of Australian stocks over the past 3 months, typically moving +/- 16% a week.

Volatility Over Time: RCR's weekly volatility (16%) has been stable over the past year, but is still higher than 75% of Australian stocks.

About the Company

FoundedEmployeesCEOWebsite
2018n/aGary Harveyhttps://www.rinconresources.com.au

Rincon Resources Limited operates as a gold and base metals exploration company. It has interests in copper and gold projects in Western Australia. The company holds 100% interests in the South Telfer project that consists of six exploration licenses and two prospecting licenses covering approximately 540 square kilometers located to the northeast-northeast of Perth; and the Kiwirrkurra project, which includes one exploration license covering approximately 126 square kilometers located to the northeast of Perth.

Rincon Resources Fundamentals Summary

How do Rincon Resources's earnings and revenue compare to its market cap?
RCR fundamental statistics
Market CapAU$10.27m
Earnings (TTM)-AU$1.17m
Revenue (TTM)n/a

0x

P/S Ratio

-8.1x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
RCR income statement (TTM)
RevenueAU$0
Cost of RevenueAU$0
Gross ProfitAU$0
ExpensesAU$1.17m
Earnings-AU$1.17m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)-0.023
Gross Margin0.00%
Net Profit Margin0.00%
Debt/Equity Ratio0.0%

How did RCR perform over the long term?

See historical performance and comparison

Valuation

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

1.58x

Price to Book (PB) ratio


Share Price vs. Fair Value

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

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


Price To Earnings Ratio

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

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


Price to Book Ratio

PB vs Industry: RCR is good value based on its PB Ratio (1.6x) compared to the AU Metals and Mining industry average (2.5x).


Future Growth

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

-0.2%

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 Rincon 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 Rincon Resources performed over the past 5 years?

-9,446.1%

Last years earnings growth


Earnings and Revenue History

Quality Earnings: RCR is currently unprofitable.

Growing Profit Margin: RCR is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: Insufficient data to determine if RCR's year-on-year earnings growth rate was positive over the past 5 years.

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

Earnings vs Industry: RCR 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: RCR has a negative Return on Equity (-19.44%), as it is currently unprofitable.


Financial Health

How is Rincon Resources's financial position?


Financial Position Analysis

Short Term Liabilities: RCR's short term assets (A$4.5M) exceed its short term liabilities (A$202.4K).

Long Term Liabilities: RCR has no long term liabilities.


Debt to Equity History and Analysis

Debt Level: RCR is debt free.

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

Forecast Cash Runway: RCR has sufficient cash runway for 1.1 years if free cash flow continues to reduce at historical rates of 106.6% each year.


Dividend

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


Dividend Yield vs Market

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

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

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

2.2yrs

Average board tenure


CEO

Gary Harvey

0.42

Tenure

Mr. Gary Harvey has been Chief Executive Officer at Rincon Resources Limited since May 12, 2021 and its Managing Director & Director since October 01, 2021. Mr. Harvey has experience in gold and nickel exp...


Board Members

Experienced Board: RCR's board of directors are not considered experienced ( 2.2 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.


Ownership Breakdown

Dilution of Shares: RCR only recently listed within the past 12 months.


Top Shareholders

Company Information

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


Key Information

  • Name: Rincon Resources Limited
  • Ticker: RCR
  • Exchange: ASX
  • Founded: 2018
  • Industry: Diversified Metals and Mining
  • Sector: Materials
  • Market Cap: AU$10.267m
  • Shares outstanding: 51.34m
  • Website: https://www.rinconresources.com.au

Location

  • Rincon Resources Limited
  • 295 Rokeby Road
  • Suite 1
  • 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 Analysis2021/10/19 07:04
End of Day Share Price2021/10/19 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.