ASX:SCN

Stock Analysis Report

Executive Summary

Scorpion Minerals Limited engages in the exploration of mineral resources in Australia.


Snowflake Analysis

Weak fundamentals or lack of information.

Share Price & News

How has Scorpion Minerals's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: SCN's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

-16.0%

SCN

-7.1%

AU Metals and Mining

-7.1%

AU Market


1 Year Return

31.3%

SCN

0.1%

AU Metals and Mining

6.7%

AU Market

Return vs Industry: SCN exceeded the Australian Metals and Mining industry which returned 0.1% over the past year.

Return vs Market: SCN exceeded the Australian Market which returned 6.7% over the past year.


Shareholder returns

SCNIndustryMarket
7 Day-16.0%-7.1%-7.1%
30 Day50.0%-7.9%-5.3%
90 Day110.0%-3.6%-3.2%
1 Year31.3%31.3%4.8%0.1%11.3%6.7%
3 Year-68.7%-68.7%45.9%28.0%28.2%11.2%
5 Year200.0%200.0%74.4%33.3%40.9%9.2%

Price Volatility Vs. Market

How volatile is Scorpion Minerals's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Scorpion Minerals undervalued compared to its fair value and its price relative to the market?


In this section, we usually try to help investors determine whether Scorpion Minerals is trading at an attractive price based on the cash flow it is expected to produce in the future. But as Scorpion Minerals has not provided consistent financial data, and the stock also has no analyst forecast or coverage, its intrinsic value cannot be reliably calculated by extrapolating past data or using analyst consensus cash flow predictions.

This is quite a rare situation as 89% of companies covered by Simply Wall St do have a valuation analysis.


Next Steps

  • Take a look at our analysis of SCN’s management and see if the CEO’s compensation is within a reasonable range, who is on the board and if insiders have been trading lately.
  • When valuing a company like this, investors focus more on how they perceive the potential returns from the core activities, the size of each contract's opportunity, and the capacity of the team. While we are not analysing this type of data at the moment, if you don’t know where to start, we recommend reading through Scorpion Minerals regulatory filings.
  • Explore potentially undervalued companies in the Materials industry.

Future Growth

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

-1.0%

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 Scorpion Minerals 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 Scorpion Minerals performed over the past 5 years?

19.5%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: SCN is currently unprofitable.

Growing Profit Margin: SCN is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: SCN is unprofitable, but has reduced losses over the past 5 years at a rate of 19.5% per year.

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

Earnings vs Industry: SCN is unprofitable, making it difficult to compare its past year earnings growth to the Metals and Mining industry (12.6%).


Return on Equity

High ROE: SCN's liabilities exceed its assets, so it is difficult to calculate its Return on Equity.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is Scorpion Minerals's financial position?


Financial Position Analysis

Short Term Liabilities: SCN has negative shareholder equity, which is a more serious situation than short term assets not covering short term liabilities.

Long Term Liabilities: SCN has negative shareholder equity, which is a more serious situation than short term assets not covering long term liabilities.


Debt to Equity History and Analysis

Debt Level: SCN has negative shareholder equity, which is a more serious situation than a high debt level.

Reducing Debt: SCN's has negative shareholder equity, so we do not need to check if its debt has reduced over time.


Balance Sheet

Inventory Level: SCN has a high level of physical assets or inventory.

Debt Coverage by Assets: SCN has negative shareholder equity (liabilities exceed assets) therefore debt is not covered by short term assets.


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: SCN has less than a year of cash runway based on its current free cash flow.

Forecast Cash Runway: Insufficient data to determine if SCN has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.


Next Steps

Dividend

What is Scorpion Minerals's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

companyn/amarketbottom25%2.5%markettop25%5.8%industryaverage4.6%forecastin3Yearsn/a

Current dividend yield vs market & industry

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

High Dividend: Unable to evaluate SCN's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if SCN's dividends per share have been stable in the past.

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

1.0yrs

Average board tenure


CEO

Scorpion Minerals has no CEO, or we have no data on them.


Board Members

NamePositionTenureCompensationOwnership
Carol New
Company Secretary & Non Executive Director1yrsAU$11.25kno data
Craig Hall
Non-Executive Director1yrsAU$11.25kno data
Bronwyn Barnes
Non-Executive Director1.3yrsAU$20.00kno data

1.0yrs

Average Tenure

Experienced Board: SCN's board of directors are not considered experienced ( 1 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: Shareholders have been diluted in the past year, with total shares outstanding growing by 31.3%.


Top Shareholders

Company Information

Scorpion Minerals Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Scorpion Minerals Limited
  • Ticker: SCN
  • Exchange: ASX
  • Founded: 2005
  • Industry: Diversified Metals and Mining
  • Sector: Materials
  • Market Cap: AU$3.718m
  • Shares outstanding: 177.02m
  • Website: https://www.scorpionminerals.com.au

Location

  • Scorpion Minerals Limited
  • 24 Mumford Place
  • Level 1
  • Balcatta
  • Western Australia
  • 6021
  • Australia

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
SCNASX (Australian Securities Exchange)YesOrdinary SharesAUAUDFeb 2008

Biography

Scorpion Minerals Limited engages in the exploration of mineral resources in Australia. It holds a 100% interest in Mount Mulcahy copper project located to the northwest of the Cue in the Murchison Province, Western Australia. The company was formerly known as Pegasus Metals Limited and changed its name to Scorpion Minerals Limited in November 2018. The company was incorporated in 2005 and is based in Balcatta, Australia. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/02/28 10:38
End of Day Share Price2020/02/28 00:00
Earnings2019/06/30
Annual Earnings2019/06/30


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.