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SKY

Sky MetalsASX:SKY Stock Report

Market Cap

AU$30.8m

7D

-1.0%

1Y

-54.0%

Updated

25 Oct, 2021

Data

Company Financials
SKY fundamental analysis
Snowflake Score
Valuation1/6
Future Growth0/6
Past Performance0/6
Financial Health4/6
Dividends0/6

SKY Overview

Sky Metals Limited engages in the exploration and development of mineral resources in Australia.

Sky Metals Competitors

Chevron

NYSE:CVX

US$220.2b

Santos

ASX:STO

AU$15.1b

Price History & Performance

Summary of all time highs, changes and price drops for Sky Metals
Historical stock prices
Current Share PriceAU$0.099
52 Week HighAU$0.082
52 Week LowAU$0.25
Beta-1.05
1 Month Change8.79%
3 Month Change5.32%
1 Year Change-53.95%
3 Year Change147.50%
5 Year Change147.50%
Change since IPO-96.33%

Recent News & Updates

Mar 05
Have Insiders Been Buying Sky Metals Limited (ASX:SKY) Shares?

Have Insiders Been Buying Sky Metals Limited (ASX:SKY) Shares?

We've lost count of how many times insiders have accumulated shares in a company that goes on to improve markedly...

Shareholder Returns

SKYAU Metals and MiningAU Market
7D-1.0%-0.4%0.8%
1Y-54.0%15.6%24.4%

Return vs Industry: SKY underperformed the Australian Metals and Mining industry which returned 10.8% over the past year.

Return vs Market: SKY underperformed the Australian Market which returned 21.3% over the past year.

Price Volatility

Is SKY's price volatile compared to industry and market?
SKY volatility
SKY Beta-1.05
Industry Beta0.97
Market Beta1

Stable Share Price: SKY is not significantly more volatile than the rest of Australian stocks over the past 3 months, typically moving +/- 9% a week.

Volatility Over Time: SKY's weekly volatility (9%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
2001n/an/ahttps://www.skymetals.com.au

Sky Metals Limited engages in the exploration and development of mineral resources in Australia. The company company primarily explores for gold, copper, tin, tungsten, copper, bismuth, indium, nickel, cobalt, silver, lead, and zinc deposits. It holds interest in the Cullarin, Caledonian Galwadgere, Iron Duke, Doradilla, Tallebung, and Kangiara projects located in New South Wales.

Sky Metals Fundamentals Summary

How do Sky Metals's earnings and revenue compare to its market cap?
SKY fundamental statistics
Market CapAU$30.78m
Earnings (TTM)-AU$2.35m
Revenue (TTM)n/a

0x

P/S Ratio

-13.1x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
SKY income statement (TTM)
RevenueAU$0
Cost of RevenueAU$0
Gross ProfitAU$0
ExpensesAU$2.35m
Earnings-AU$2.35m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)-0.0076
Gross Margin0.00%
Net Profit Margin0.00%
Debt/Equity Ratio0%

How did SKY perform over the long term?

See historical performance and comparison

Valuation

Is Sky Metals undervalued compared to its fair value and its price relative to the market?

1.85x

Price to Book (PB) ratio


Share Price vs. Fair Value

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

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


Price To Earnings Ratio

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

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


Price to Book Ratio

PB vs Industry: SKY is good value based on its PB Ratio (1.9x) compared to the AU Metals and Mining industry average (2.6x).


Future Growth

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

-0.5%

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 Sky Metals 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 Sky Metals performed over the past 5 years?

11.0%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: SKY is currently unprofitable.

Growing Profit Margin: SKY is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: SKY is unprofitable, but has reduced losses over the past 5 years at a rate of 11% per year.

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

Earnings vs Industry: SKY 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: SKY has a negative Return on Equity (-14.13%), as it is currently unprofitable.


Financial Health

How is Sky Metals's financial position?


Financial Position Analysis

Short Term Liabilities: SKY's short term assets (A$3.6M) exceed its short term liabilities (A$626.5K).

Long Term Liabilities: SKY's short term assets (A$3.6M) exceed its long term liabilities (A$14.9K).


Debt to Equity History and Analysis

Debt Level: SKY is debt free.

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

Forecast Cash Runway: SKY has less than a year of cash runway if free cash flow continues to grow at historical rates of 10.8% each year.


Dividend

What is Sky Metals's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

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

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

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


CEO

Sky Metals has no CEO, or we have no data on them.


Ownership

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


Insider Trading Volume

Insider Buying: SKY insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Sky Metals Limited's employee growth, exchange listings and data sources


Key Information

  • Name: Sky Metals Limited
  • Ticker: SKY
  • Exchange: ASX
  • Founded: 2001
  • Industry: Diversified Metals and Mining
  • Sector: Materials
  • Market Cap: AU$30.779m
  • Shares outstanding: 310.90m
  • Website: https://www.skymetals.com.au

Location

  • Sky Metals Limited
  • 207 Byng Street
  • Orange
  • New South Wales
  • 2800
  • Australia

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/25 16:46
End of Day Share Price2021/10/25 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.