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SLR

Silver Lake ResourcesASX:SLR Stock Report

Market Cap

AU$1.4b

7D

-9.7%

1Y

-15.6%

Updated

03 Dec, 2021

Data

Company Financials +
SLR fundamental analysis
Snowflake Score
Valuation5/6
Future Growth1/6
Past Performance2/6
Financial Health6/6
Dividends0/6

SLR Stock Overview

Silver Lake Resources Limited, together with its subsidiaries, engages in the exploration, mine development, mine operation, and sale of gold and copper concentrates in Eastern Goldfields and Midwest regions of Western Australia.

Silver Lake Resources Competitors

Newcrest Mining

ASX:NCM

AU$18.8b

Perseus Mining

ASX:PRU

AU$1.9b

De Grey Mining

ASX:DEG

AU$1.6b

West African Resources

ASX:WAF

AU$1.3b

Price History & Performance

Summary of all time highs, changes and price drops for Silver Lake Resources
Historical stock prices
Current Share PriceAU$1.54
52 Week HighAU$2.08
52 Week LowAU$1.27
Beta0.70
1 Month Change-7.23%
3 Month Change13.24%
1 Year Change-15.62%
3 Year Change224.21%
5 Year Change146.40%
Change since IPO310.67%

Recent News & Updates

Shareholder Returns

SLRAU Metals and MiningAU Market
7D-9.7%1.1%-0.7%
1Y-15.6%3.3%9.8%

Return vs Industry: SLR underperformed the Australian Metals and Mining industry which returned 3.3% over the past year.

Return vs Market: SLR underperformed the Australian Market which returned 9.8% over the past year.

Price Volatility

Is SLR's price volatile compared to industry and market?
SLR volatility
SLR Average Weekly Movement5.7%
Metals and Mining Industry Average Movement10.4%
Market Average Movement8.3%
10% most volatile stocks in AU Market15.7%
10% least volatile stocks in AU Market3.7%

Stable Share Price: SLR is not significantly more volatile than the rest of Australian stocks over the past 3 months, typically moving +/- 6% a week.

Volatility Over Time: SLR's weekly volatility (6%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
2004n/aLuke Tonkinhttps://www.silverlakeresources.com.au

Silver Lake Resources Limited, together with its subsidiaries, engages in the exploration, mine development, mine operation, and sale of gold and copper concentrates in Eastern Goldfields and Midwest regions of Western Australia. The company holds interests in the Deflector Gold Copper project that produces gold bullion and gold-copper concentrates located in the Southern Murchison region of Western Australia, including development and ramp up of a secondary high grade ore source at Rothsay; and Mount Monger operations, which produce gold bullion located within the Kalgoorlie terrane subdivision of the Eastern Goldfields Province. Silver Lake Resources Limited was incorporated in 2004 and is headquartered in South Perth, Australia.

Silver Lake Resources Fundamentals Summary

How do Silver Lake Resources's earnings and revenue compare to its market cap?
SLR fundamental statistics
Market CapAU$1.36b
Earnings (TTM)AU$98.21m
Revenue (TTM)AU$598.29m

13.9x

P/E Ratio

2.3x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
SLR income statement (TTM)
RevenueAU$598.29m
Cost of RevenueAU$435.95m
Gross ProfitAU$162.34m
ExpensesAU$64.13m
EarningsAU$98.21m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)0.11
Gross Margin27.13%
Net Profit Margin16.41%
Debt/Equity Ratio0%

How did SLR perform over the long term?

See historical performance and comparison

Valuation

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

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: SLR (A$1.54) is trading below our estimate of fair value (A$7.97)

Significantly Below Fair Value: SLR is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: SLR is good value based on its PE Ratio (13.9x) compared to the Australian Metals and Mining industry average (14.2x).

PE vs Market: SLR is good value based on its PE Ratio (13.9x) compared to the Australian market (18.6x).


Price to Earnings Growth Ratio

PEG Ratio: SLR is poor value based on its PEG Ratio (1.4x)


Price to Book Ratio

PB vs Industry: SLR is good value based on its PB Ratio (1.5x) compared to the AU Metals and Mining industry average (2.5x).


Future Growth

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

10.1%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: SLR's forecast earnings growth (10.1% per year) is above the savings rate (1.9%).

Earnings vs Market: SLR's earnings (10.1% per year) are forecast to grow slower than the Australian market (11.8% per year).

High Growth Earnings: SLR's earnings are forecast to grow, but not significantly.

Revenue vs Market: SLR's revenue (1.5% per year) is forecast to grow slower than the Australian market (5.2% per year).

High Growth Revenue: SLR's revenue (1.5% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: SLR's Return on Equity is forecast to be low in 3 years time (9.5%).


Past Performance

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

69.0%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: SLR has high quality earnings.

Growing Profit Margin: SLR's current net profit margins (16.4%) are lower than last year (45.6%).


Past Earnings Growth Analysis

Earnings Trend: SLR's earnings have grown significantly by 69% per year over the past 5 years.

Accelerating Growth: SLR's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: SLR had negative earnings growth (-61.8%) over the past year, making it difficult to compare to the Metals and Mining industry average (35.3%).


Return on Equity

High ROE: SLR's Return on Equity (11%) is considered low.


Financial Health

How is Silver Lake Resources's financial position?


Financial Position Analysis

Short Term Liabilities: SLR's short term assets (A$405.5M) exceed its short term liabilities (A$110.7M).

Long Term Liabilities: SLR's short term assets (A$405.5M) exceed its long term liabilities (A$84.4M).


Debt to Equity History and Analysis

Debt Level: SLR is debt free.

Reducing Debt: SLR has no debt compared to 5 years ago when its debt to equity ratio was 3.2%.

Debt Coverage: SLR has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: SLR has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet


Dividend

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


Dividend Yield vs Market

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

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

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

7.1yrs

Average management tenure


CEO

Luke Tonkin (57 yo)

7.08yrs

Tenure

AU$1,933,334

Compensation

Mr. Luke Tonkin, BEng, MAusIMM, AICD, Min Eng, has been Director of Egan Street Resources Pty Ltd (formerly known as Egan Street Resources Limited) since November 22, 2019. Mr. Tonkin has been the Managing...


CEO Compensation Analysis

Compensation vs Market: Luke's total compensation ($USD1.37M) is above average for companies of similar size in the Australian market ($USD993.06K).

Compensation vs Earnings: Luke's compensation has been consistent with company performance over the past year.


Leadership Team

Experienced Management: SLR's management team is seasoned and experienced (7.1 years average tenure).


Board Members

Experienced Board: SLR's board of directors are considered experienced (6 years average tenure).


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 not been meaningfully diluted in the past year.


Top Shareholders

Company Information

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


Key Information

  • Name: Silver Lake Resources Limited
  • Ticker: SLR
  • Exchange: ASX
  • Founded: 2004
  • Industry: Gold
  • Sector: Materials
  • Market Cap: AU$1.364b
  • Shares outstanding: 885.40m
  • Website: https://www.silverlakeresources.com.au

Number of Employees


Location

  • Silver Lake Resources Limited
  • South Shore Centre
  • Suite 4
  • South Perth
  • Western Australia
  • 6151
  • Australia

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/12/03 16:04
End of Day Share Price2021/12/03 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.