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Silver Lake Resources

ASX:SLR
Snowflake Description

Flawless balance sheet with reasonable growth potential.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
SLR
ASX
A$614M
Market Cap
  1. Home
  2. AU
  3. Materials
Company description

Silver Lake Resources Limited, together with its subsidiaries, operates as a gold producing and exploration company in Australia. The last earnings update was 56 days ago. More info.


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  • Silver Lake Resources has significant price volatility in the past 3 months.
SLR Share Price and Events
7 Day Returns
1.3%
ASX:SLR
-2.7%
AU Metals and Mining
-0%
AU Market
1 Year Returns
49%
ASX:SLR
9.8%
AU Metals and Mining
4.6%
AU Market
SLR Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Silver Lake Resources (SLR) 1.3% 0.6% 47.6% 49% 142.2% 84.5%
AU Metals and Mining -2.7% 0.5% 13.8% 9.8% 72.3% 8.8%
AU Market -0% 1% 6.9% 4.6% 18.2% 4.8%
1 Year Return vs Industry and Market
  • SLR outperformed the Metals and Mining industry which returned 9.8% over the past year.
  • SLR outperformed the Market in Australia which returned 4.6% over the past year.
Price Volatility
SLR
Industry
5yr Volatility vs Market

SLR Value

 Is Silver Lake Resources undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Silver Lake Resources to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Silver Lake Resources.

ASX:SLR Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 2 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 8.8%
Perpetual Growth Rate 10-Year AU Government Bond Rate 2.3%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for ASX:SLR
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year AU Govt Bond Rate 2.3%
Equity Risk Premium S&P Global 6%
Metals and Mining Unlevered Beta Simply Wall St/ S&P Global 1.13
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.132 (1 + (1- 30%) (0%))
1.088
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.09
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.31% + (1.088 * 5.96%)
8.8%

Discounted Cash Flow Calculation for ASX:SLR using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Silver Lake Resources is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

ASX:SLR DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (AUD, Millions) Source Present Value
Discounted (@ 8.8%)
2019 95.00 Analyst x1 87.32
2020 138.00 Analyst x1 116.58
2021 129.00 Analyst x1 100.17
2022 123.80 Est @ -4.03% 88.36
2023 121.17 Est @ -2.13% 79.49
2024 120.21 Est @ -0.79% 72.48
2025 120.37 Est @ 0.14% 66.71
2026 121.32 Est @ 0.79% 61.80
2027 122.83 Est @ 1.25% 57.51
2028 124.76 Est @ 1.57% 53.69
Present value of next 10 years cash flows A$784.09
ASX:SLR DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= A$124.76 × (1 + 2.31%) ÷ (8.8% – 2.31%)
A$1,967.95
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= A$1,967.95 ÷ (1 + 8.8%)10
A$846.84
ASX:SLR Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= A$784.09 + A$846.84
A$1,630.93
Equity Value per Share
(AUD)
= Total value / Shares Outstanding
= A$1,630.93 / 818.17
A$1.99
ASX:SLR Discount to Share Price
Calculation Result
Value per share (AUD) From above. A$1.99
Current discount Discount to share price of A$0.78
= -1 x (A$0.78 - A$1.99) / A$1.99
61.1%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Silver Lake Resources is available for.
Intrinsic value
>50%
Share price is A$0.78 vs Future cash flow value of A$1.99
Current Discount Checks
For Silver Lake Resources to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Silver Lake Resources's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Silver Lake Resources's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Silver Lake Resources's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Silver Lake Resources's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
ASX:SLR PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in AUD A$0.04
ASX:SLR Share Price ** ASX (2019-04-23) in AUD A$0.78
Australia Metals and Mining Industry PE Ratio Median Figure of 78 Publicly-Listed Metals and Mining Companies 12.55x
Australia Market PE Ratio Median Figure of 544 Publicly-Listed Companies 16.14x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Silver Lake Resources.

ASX:SLR PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= ASX:SLR Share Price ÷ EPS (both in AUD)

= 0.78 ÷ 0.04

21.61x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Silver Lake Resources is overvalued based on earnings compared to the AU Metals and Mining industry average.
  • Silver Lake Resources is overvalued based on earnings compared to the Australia market.
Price based on expected Growth
Does Silver Lake Resources's expected growth come at a high price?
Raw Data
ASX:SLR PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 21.61x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts
22.3%per year
Australia Metals and Mining Industry PEG Ratio Median Figure of 38 Publicly-Listed Metals and Mining Companies 0.65x
Australia Market PEG Ratio Median Figure of 360 Publicly-Listed Companies 1.35x

*Line of best fit is calculated by linear regression .

ASX:SLR PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 21.61x ÷ 22.3%

0.97x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Silver Lake Resources is good value based on expected growth next year.
Price based on value of assets
What value do investors place on Silver Lake Resources's assets?
Raw Data
ASX:SLR PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in AUD A$0.42
ASX:SLR Share Price * ASX (2019-04-23) in AUD A$0.78
Australia Metals and Mining Industry PB Ratio Median Figure of 584 Publicly-Listed Metals and Mining Companies 1.52x
Australia Market PB Ratio Median Figure of 1,676 Publicly-Listed Companies 1.67x
ASX:SLR PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= ASX:SLR Share Price ÷ Book Value per Share (both in AUD)

= 0.78 ÷ 0.42

1.86x

* Primary Listing of Silver Lake Resources.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Silver Lake Resources is overvalued based on assets compared to the AU Metals and Mining industry average.
X
Value checks
We assess Silver Lake Resources's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Metals and Mining industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Metals and Mining industry average (and greater than 0)? (1 check)
  5. Silver Lake Resources has a total score of 3/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

SLR Future Performance

 How is Silver Lake Resources expected to perform in the next 1 to 3 years based on estimates from 2 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
22.3%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Silver Lake Resources expected to grow at an attractive rate?
  • Silver Lake Resources's earnings growth is expected to exceed the low risk savings rate of 2.3%.
Growth vs Market Checks
  • Silver Lake Resources's earnings growth is expected to exceed the Australia market average.
  • Silver Lake Resources's revenue growth is expected to exceed the Australia market average.
Annual Growth Rates Comparison
Raw Data
ASX:SLR Future Growth Rates Data Sources
Data Point Source Value (per year)
ASX:SLR Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts 22.3%
ASX:SLR Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 2 Analysts 5.7%
Australia Metals and Mining Industry Earnings Growth Rate Market Cap Weighted Average 1.2%
Australia Metals and Mining Industry Revenue Growth Rate Market Cap Weighted Average 0.2%
Australia Market Earnings Growth Rate Market Cap Weighted Average 6.7%
Australia Market Revenue Growth Rate Market Cap Weighted Average 3%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
ASX:SLR Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below
All numbers in AUD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
ASX:SLR Future Estimates Data
Date (Data in AUD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-06-30 396 184 121 1
2022-06-30 470 205 106 1
2021-06-30 446 162 80 2
2020-06-30 435 163 88 2
2019-06-30 410 141 65 1
ASX:SLR Past Financials Data
Date (Data in AUD Millions) Revenue Cash Flow Net Income *
2018-12-31 261 80 18
2018-09-30 258 81 17
2018-06-30 256 81 16
2018-03-31 245 76 6
2017-12-31 235 71 -4
2017-09-30 231 67 -1
2017-06-30 227 64 2
2017-03-31 220 60 7
2016-12-31 212 56 12
2016-09-30 211 56 8
2016-06-30 209 55 4
2016-03-31 208 50 -37

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Silver Lake Resources's earnings are expected to grow significantly at over 20% yearly.
  • Silver Lake Resources's revenue is expected to grow by 5.7% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
ASX:SLR Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below

All data from Silver Lake Resources Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

ASX:SLR Future Estimates Data
Date (Data in AUD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-06-30 0.00 0.00 0.00 1.00
2022-06-30 0.13 0.13 0.13 1.00
2021-06-30 0.10 0.12 0.07 2.00
2020-06-30 0.12 0.12 0.12 1.00
2019-06-30 0.08 0.08 0.08 1.00
ASX:SLR Past Financials Data
Date (Data in AUD Millions) EPS *
2018-12-31 0.04
2018-09-30 0.03
2018-06-30 0.03
2018-03-31 0.01
2017-12-31 -0.01
2017-09-30 0.00
2017-06-30 0.00
2017-03-31 0.01
2016-12-31 0.02
2016-09-30 0.02
2016-06-30 0.01
2016-03-31 -0.07

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Silver Lake Resources is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Silver Lake Resources's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Australia market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Australia market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Silver Lake Resources has a total score of 4/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

SLR Past Performance

  How has Silver Lake Resources performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Silver Lake Resources's growth in the last year to its industry (Metals and Mining).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Silver Lake Resources has delivered over 20% year on year earnings growth in the past 5 years.
  • Silver Lake Resources has become profitable in the last year making the earnings growth rate difficult to compare to the 5-year average.
  • Silver Lake Resources has become profitable in the last year making it difficult to compare the AU Metals and Mining industry average.
Earnings and Revenue History
Silver Lake Resources's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Silver Lake Resources Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

ASX:SLR Past Revenue, Cash Flow and Net Income Data
Date (Data in AUD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 260.69 18.06 10.66
2018-09-30 258.13 17.12 10.08
2018-06-30 255.57 16.19 9.50
2018-03-31 245.24 6.05 9.48
2017-12-31 234.90 -4.10 9.46
2017-09-30 231.20 -1.03 9.51
2017-06-30 227.49 2.03 9.56
2017-03-31 219.64 7.25 11.14
2016-12-31 211.80 12.47 12.72
2016-09-30 210.65 8.44 12.40
2016-06-30 209.50 4.41 12.07
2016-03-31 208.18 -37.35 12.40
2015-12-31 206.87 -79.11 12.73
2015-09-30 196.41 -86.57 12.01
2015-06-30 185.96 -94.02 11.28
2015-03-31 202.80 -116.07 10.15
2014-12-31 219.65 -138.11 9.02
2014-09-30 264.66 -154.27 8.93
2014-06-30 309.66 -170.44 8.83
2014-03-31 306.95 -270.95 9.31
2013-12-31 304.23 -371.46 9.80
2013-09-30 259.99 -345.37 9.35
2013-06-30 215.74 -319.29 8.90
2013-03-31 184.55 -150.08 8.39
2012-12-31 153.35 19.12 7.88
2012-09-30 144.34 25.15 7.13
2012-06-30 135.34 31.18 6.37

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Silver Lake Resources has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Silver Lake Resources used its assets less efficiently than the AU Metals and Mining industry average last year based on Return on Assets.
  • Silver Lake Resources has become profitable over the past 3 years. This is considered to be a significant improvement in its use of capital (Return on Capital Employed).
X
Past performance checks
We assess Silver Lake Resources's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Metals and Mining industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Silver Lake Resources has a total score of 2/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

SLR Health

 How is Silver Lake Resources's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Silver Lake Resources's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Silver Lake Resources is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Silver Lake Resources's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Silver Lake Resources's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Silver Lake Resources has no debt, it does not need to be covered by short term assets.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Silver Lake Resources Company Filings, last reported 3 months ago.

ASX:SLR Past Debt and Equity Data
Date (Data in AUD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 210.69 0.00 96.47
2018-09-30 210.69 0.00 96.47
2018-06-30 206.38 0.00 97.96
2018-03-31 206.38 0.00 97.96
2017-12-31 192.12 0.07 56.16
2017-09-30 192.12 0.07 56.16
2017-06-30 189.77 2.13 61.20
2017-03-31 189.77 2.13 61.20
2016-12-31 195.82 4.31 35.85
2016-09-30 195.82 4.31 35.85
2016-06-30 187.34 6.06 38.64
2016-03-31 187.34 6.06 38.64
2015-12-31 182.92 11.32 26.87
2015-09-30 182.92 11.32 26.87
2015-06-30 182.61 16.38 22.54
2015-03-31 182.61 16.38 22.54
2014-12-31 261.78 21.26 14.77
2014-09-30 261.78 21.26 14.77
2014-06-30 276.34 12.82 23.94
2014-03-31 276.34 12.82 23.94
2013-12-31 361.68 32.57 8.09
2013-09-30 361.68 32.57 8.09
2013-06-30 360.66 62.85 12.67
2013-03-31 360.66 62.85 12.67
2012-12-31 685.07 11.37 20.69
2012-09-30 685.07 11.37 20.69
2012-06-30 193.96 11.76 68.25
  • Silver Lake Resources has no debt.
  • Silver Lake Resources has no debt compared to 5 years ago when it was 9%.
  • Silver Lake Resources has no debt, it does not need to be covered by operating cash flow.
  • Silver Lake Resources has no debt, therefore coverage of interest payments is not a concern.
X
Financial health checks
We assess Silver Lake Resources's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Silver Lake Resources has a total score of 6/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

SLR Dividends

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

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from Silver Lake Resources dividends.
If you bought A$2,000 of Silver Lake Resources shares you are expected to receive A$0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate Silver Lake Resources's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Silver Lake Resources's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
ASX:SLR Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below
Australia Metals and Mining Industry Average Dividend Yield Market Cap Weighted Average of 36 Stocks 3.7%
Australia Market Average Dividend Yield Market Cap Weighted Average of 417 Stocks 4.3%
Australia Minimum Threshold Dividend Yield 10th Percentile 1.6%
Australia Bottom 25% Dividend Yield 25th Percentile 2.5%
Australia Top 25% Dividend Yield 75th Percentile 5.8%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

ASX:SLR Future Dividends Estimate Data
Date (Data in A$) Dividend per Share (annual) Avg. No. Analysts
2023-06-30
2022-06-30
2021-06-30
2020-06-30
2019-06-30

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as Silver Lake Resources has not reported any payouts.
  • Unable to verify if Silver Lake Resources's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Silver Lake Resources's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Silver Lake Resources has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Silver Lake Resources's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.6%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Silver Lake Resources afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Silver Lake Resources has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

SLR Management

 What is the CEO of Silver Lake Resources's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Luke Tonkin
COMPENSATION A$1,256,521
AGE 54
TENURE AS CEO 4.4 years
CEO Bio

Mr. Luke Tonkin, BEng, MAusIMM, AICD, Min Eng, has been the Managing Director of Silver Lake Resources Limited since November 20, 2014. Mr. Tonkin served as Director of Operations at Silver Lake Resources Limited from October 14, 2013 to November 20, 2014. He served as Managing Director and Chief Executive Officer of Reed Resources Ltd. from May 14, 2012 to September 30, 2013. Mr. Tonkin served as Managing Director of Mount Gibson Iron Ltd. from October 24, 2005 to December 16, 2011. He held senior management roles at WMC Resources Ltd. He served as the Chief Executive Officer of Sons of Gwalia Ltd. from May 1, 2005 to August 2005 and served as its Executive General Manager of Operations. Mr. Tonkin has a proven track record of implementing large-scale investment, divestment, transition and integration plans. He has 25 years of extensive experience in the resource industry traversing multi-commodities of gold, nickel, tantalum, tin & lithium. He has held General Management roles within some of Australia's largest, more complex operations namely WMC's Kambalda Nickel Operations, St Ives Gold Operations and Leinster Nickel Operations. Mr. Tonkin has been an Executive Director at Silver Lake Resources Limited., since October 14, 2013. He serves as a Director of Geraldton Bulk handling Pty Ltd., Mount Gibson Mining Ltd., Reed Resources and Tonkin Mine Management Pty Ltd. He served as a Non Executive Director of Aztec Resources Ltd. since December 13, 2006. He served as a Director of Mount Gibson Iron Ltd. until November 16, 2011. He served as the Chairman of the Western Australian School of Mines Advisory Board. Mr. Tonkin holds a Bachelor of Engineering from the West Australian School of Mines and is a member of AusIMM and the Australian Institute of Company Directors.

CEO Compensation
  • Luke's compensation has increased in line with Silver Lake Resources recently becoming profitable.
  • Luke's remuneration is about average for companies of similar size in Australia.
Management Team Tenure

Average tenure of the Silver Lake Resources management team in years:

4.4
Average Tenure
  • The tenure for the Silver Lake Resources management team is about average.
Management Team

Luke Tonkin

TITLE
MD & Director
COMPENSATION
A$1M
AGE
54
TENURE
4.4 yrs

Diniz Cardoso

TITLE
Chief Financial Officer
COMPENSATION
A$451K
TENURE
3 yrs

David Berg

TITLE
General Counsel & Company Secretary
COMPENSATION
A$446K
TENURE
4.6 yrs

Antony Shepherd

TITLE
Exploration & Geology Manager
COMPENSATION
A$399K
TENURE
4.6 yrs

Len Eldridge

TITLE
Corporate Development Officer
TENURE
1.3 yrs
Board of Directors Tenure

Average tenure and age of the Silver Lake Resources board of directors in years:

4.5
Average Tenure
54
Average Age
  • The tenure for the Silver Lake Resources board of directors is about average.
Board of Directors

David Quinlivan

TITLE
Non-Executive Chairman
COMPENSATION
A$190K
AGE
63
TENURE
3.6 yrs

Luke Tonkin

TITLE
MD & Director
COMPENSATION
A$1M
AGE
54
TENURE
5.5 yrs

Les Davis

TITLE
Non-Executive Director
COMPENSATION
A$126K
TENURE
11.9 yrs

Kelvin Flynn

TITLE
Non-Executive Director
COMPENSATION
A$126K
AGE
47
TENURE
3.2 yrs

Peter Alexander

TITLE
Director
AGE
66

Leigh Junk

TITLE
Director
AGE
43
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (A$) Value (A$)
10. Apr 19 Buy Dimensional Fund Advisors L.P. Company 05. Oct 18 18. Feb 19 1,887,160 A$0.60 A$1,070,269
09. Apr 19 Sell Van Eck Associates Corporation Company 17. Jan 19 21. Feb 19 -17,989 A$0.61 A$-10,906
09. Apr 19 Buy Van Eck Associates Corporation Company 24. Dec 18 18. Mar 19 2,997,290 A$0.73 A$2,175,514
07. Apr 19 Sell Ruffer LLP Company 27. Feb 19 27. Feb 19 -614,361 A$0.73 A$-449,098
07. Apr 19 Buy Ruffer LLP Company 02. Oct 18 05. Mar 19 2,755,872 A$0.71 A$1,966,681
01. Apr 19 Buy Paradice Investment Management Pty Ltd. Company 20. Feb 19 28. Mar 19 26,644,824 A$0.83 A$19,511,593
17. Sep 18 Sell Dimensional Fund Advisors L.P. Company 31. Jul 18 31. Jul 18 -32,896 A$0.56 A$-18,398
26. Dec 18 Sell Van Eck Associates Corporation Company 15. Jun 18 21. Dec 18 -7,993,340 A$0.54 A$-4,326,990
26. Dec 18 Buy Van Eck Associates Corporation Company 18. Jun 18 29. Oct 18 184,384 A$0.59 A$76,116
07. Oct 18 Buy Allianz Various Insurance Products Trust - AZL DFA International Core Equity Fund Company 31. Jul 18 31. Jul 18 32,896 A$0.56 A$18,398
07. Oct 18 Sell Dimensional Fund Advisors L.P. Company 13. Sep 18 13. Sep 18 -1,645,521 A$0.49 A$-806,303
07. Oct 18 Buy Dimensional Fund Advisors L.P. Company 05. Jun 18 04. Oct 18 2,881,570 A$0.56 A$1,487,947
03. Oct 18 Buy Ruffer LLP Company 19. Jul 18 01. Oct 18 5,330,116 A$0.52 A$2,750,881
17. Sep 18 Buy Dimensional Fund Advisors L.P. Company 25. Jun 18 05. Sep 18 1,064,395 A$0.65 A$591,139
07. Sep 18 Sell Luke Tonkin Individual 03. Sep 18 06. Sep 18 -209,413 A$0.47 A$-99,458
31. Aug 18 Sell Luke Tonkin Individual 24. Aug 18 29. Aug 18 -846,353 A$0.49 A$-412,618
24. Jun 18 Sell Dimensional Fund Advisors L.P. Company 14. May 18 14. May 18 -353,616 A$0.63 A$-222,778
24. Jun 18 Buy Dimensional Fund Advisors L.P. Company 13. Mar 18 21. Jun 18 5,052,434 A$0.64 A$2,520,384
22. Jul 18 Sell Ruffer LLP Company 31. Oct 16 04. May 18 -4,617,259 A$0.68 A$-3,127,767
22. Jul 18 Buy Ruffer LLP Company 05. Oct 16 18. Jul 18 9,870,389 A$0.46 A$4,558,607
23. May 18 Buy Van Eck Associates Corporation Company 12. Oct 17 11. May 18 704,928 A$0.42 A$260,630
X
Management checks
We assess Silver Lake Resources's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Silver Lake Resources has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

SLR News

Simply Wall St News

Does Silver Lake Resources Limited's (ASX:SLR) CEO Pay Reflect Performance?

Luke Tonkin has been the CEO of Silver Lake Resources Limited (ASX:SLR) since 2014. … This report will, first, examine the CEO compensation levels in comparison to CEO compensation at companies of similar size. … At the time of writing our data says that Silver Lake Resources Limited has a market cap of AU$655m, and is paying total annual CEO compensation of AU$1.3m.

Simply Wall St -

The Silver Lake Resources (ASX:SLR) Share Price Has Gained 160%, So Why Not Pay It Some Attention?

For instance the Silver Lake Resources Limited (ASX:SLR) share price is 160% higher than it was three years ago. … By comparing earnings per share (EPS) and share price changes over time, we can get a feel for how investor attitudes to a company have morphed over time. … During three years of share price growth, Silver Lake Resources moved from a loss to profitability.

Simply Wall St -

How Much Of Silver Lake Resources Limited (ASX:SLR) Do Institutions Own?

If you want to know who really controls Silver Lake Resources Limited (ASX:SLR), then you'll have to look at the makeup of its share registry. … Institutions will often hold stock in bigger companies, and we expect to see insiders owning a noticeable percentage of the smaller ones. … Silver Lake Resources is not a large company by global standards.

Simply Wall St -

How Do Silver Lake Resources Limited’s (ASX:SLR) Returns On Capital Compare To Peers?

In particular, we'll consider its Return On Capital Employed (ROCE), as that can give us insight into how profitably the company is able to employ capital in its business. … Understanding Return On Capital Employed (ROCE). … ROCE is a metric for evaluating how much pre-tax income (in percentage terms) a company earns on the capital invested in its business.

Simply Wall St -

What Should Investors Know About Silver Lake Resources Limited's (ASX:SLR) Future?

Help shape the future of investing tools and receive a $60 prize! … In June 2018, Silver Lake Resources Limited (ASX:SLR) announced its most recent earnings update, whicha

Simply Wall St -

Are Insiders Selling Silver Lake Resources Limited (ASX:SLR) Stock?

So shareholders might well want to know whether insiders have been buying or selling shares in Silver Lake Resources Limited (ASX:SLR). … The Last 12 Months Of Insider Transactions At Silver Lake Resources. … Luke Tonkin was the only individual insider to sell shares in the last twelve months.

Simply Wall St -

Is Silver Lake Resources Limited's (ASX:SLR) ROE Of 7.8% Concerning?

That means that for every A$1 worth of shareholders' equity, it generated A$0.078 in profit. … Check out our latest analysis for Silver Lake Resources? … Return on Equity = Net Profit ÷ Shareholders' Equity

Simply Wall St -

Is Silver Lake Resources Limited (ASX:SLR) A Financially Sound Company?

However, it also faces higher cost of capital given interest cost is generally lower than equity. … Is SLR right in choosing financial flexibility over lower cost of capital. … There are well-known benefits of including debt in capital structure, primarily a lower cost of capital

Simply Wall St -

Silver Lake Resources Limited (ASX:SLR) Is Trading At A 34.04% Discount

In this article I am going to calculate the intrinsic value of Silver Lake Resources Limited (ASX:SLR). … by taking the expected future cash flows and discounting them to their present value. … Discounted Cash Flows (DCF).

Simply Wall St -

What Type Of Shareholder Owns Silver Lake Resources Limited's (ASX:SLR)?

The big shareholder groups in Silver Lake Resources Limited (ASX:SLR) have power over the company. … Large companies usually have institutions as shareholders, and we usually see insiders owning shares in smaller companies. … Silver Lake Resources is a smaller company with a market capitalization of AU$249m, so it may still be flying under the radar of many institutional investors.

Simply Wall St -

SLR Company Info

Description

Silver Lake Resources Limited, together with its subsidiaries, operates as a gold producing and exploration company in Australia. It also explores for silver deposits. The company holds interests in the Mount Monger goldfield project located within the Kalgoorlie terrane subdivision of the Eastern Goldfields province. Silver Lake Resources Limited is headquartered in South Perth, Australia.

Details
Name: Silver Lake Resources Limited
SLR
Exchange: ASX
Founded:
A$613,629,117
818,172,156
Website: http://www.silverlakeresources.com.au
Address: Silver Lake Resources Limited
South Shore Centre,
Suite 4,
South Perth,
Western Australia, 6151,
Australia
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
ASX SLR Ordinary Shares Australian Securities Exchange AU AUD 14. Nov 2007
OTCPK SVLK.F Ordinary Shares Pink Sheets LLC US USD 14. Nov 2007
DB 4SL Ordinary Shares Deutsche Boerse AG DE EUR 14. Nov 2007
CHIA SLR Ordinary Shares Chi-X Australia AU AUD 14. Nov 2007
Number of employees
Current staff
Staff numbers
191
Silver Lake Resources employees.
Industry
Gold
Materials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/23 10:34
End of day share price update: 2019/04/23 00:00
Last estimates confirmation: 2019/04/10
Last earnings filing: 2019/02/26
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/06/30


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.