Salt Lake Potash Limited engages in the exploration and development of resource projects in Australia.
Price History & Performance
|Historical stock prices|
|Current Share Price||AU$0.31|
|52 Week High||AU$0.30|
|52 Week Low||AU$0.62|
|1 Month Change||0%|
|3 Month Change||-6.06%|
|1 Year Change||-48.33%|
|3 Year Change||-42.59%|
|5 Year Change||-29.55%|
|Change since IPO||-99.04%|
Recent News & Updates
|SO4||AU Chemicals||AU Market|
Return vs Industry: SO4 underperformed the Australian Chemicals industry which returned 11.3% over the past year.
Return vs Market: SO4 underperformed the Australian Market which returned 20.2% over the past year.
Stable Share Price: Insufficient data to determine SO4's volatility over the past 3 months.
Volatility Over Time: Insufficient data to determine SO4's volatility change over the past year.
About the Company
Salt Lake Potash Limited engages in the exploration and development of resource projects in Australia. The company explores for sulphate of potash deposits. It primarily owns nine salt lakes located in the Goldfields region of Western Australia.
Salt Lake Potash Fundamentals Summary
|SO4 fundamental statistics|
Is SO4 overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|SO4 income statement (TTM)|
|Cost of Revenue||AU$5.12m|
Last Reported Earnings
Jun 30, 2021
Next Earnings Date
|Earnings per share (EPS)||-0.0065|
|Net Profit Margin||0.00%|
How did SO4 perform over the long term?See historical performance and comparison
Is Salt Lake Potash undervalued compared to its fair value and its price relative to the market?
Price to Book (PB) ratio
Share Price vs. Fair Value
Below Fair Value: Insufficient data to calculate SO4's fair value to establish if it is undervalued.
Significantly Below Fair Value: Insufficient data to calculate SO4's fair value to establish if it is undervalued.
Price To Earnings Ratio
PE vs Industry: SO4 is unprofitable, so we can't compare its PE Ratio to the Australian Chemicals industry average.
PE vs Market: SO4 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 SO4's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: SO4 is good value based on its PB Ratio (1x) compared to the AU Chemicals industry average (4x).
How is Salt Lake Potash forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: SO4 is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (1.9%).
Earnings vs Market: SO4 is forecast to become profitable over the next 3 years, which is considered above average market growth.
High Growth Earnings: SO4's is expected to become profitable in the next 3 years.
Revenue vs Market: SO4's revenue (111.1% per year) is forecast to grow faster than the Australian market (5.4% per year).
High Growth Revenue: SO4's revenue (111.1% per year) is forecast to grow faster than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: SO4's Return on Equity is forecast to be low in 3 years time (8.6%).
How has Salt Lake Potash performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: SO4 is currently unprofitable.
Growing Profit Margin: SO4 is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: SO4 is unprofitable, and losses have increased over the past 5 years at a rate of 11.7% per year.
Accelerating Growth: Unable to compare SO4's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: SO4 is unprofitable, making it difficult to compare its past year earnings growth to the Chemicals industry (-61.8%).
Return on Equity
High ROE: SO4 has a negative Return on Equity (-2.11%), as it is currently unprofitable.
How is Salt Lake Potash's financial position?
Financial Position Analysis
Short Term Liabilities: SO4's short term assets (A$89.1M) exceed its short term liabilities (A$38.7M).
Long Term Liabilities: SO4's short term assets (A$89.1M) do not cover its long term liabilities (A$234.7M).
Debt to Equity History and Analysis
Debt Level: SO4's debt to equity ratio (70.3%) is considered high.
Reducing Debt: Insufficient data to determine if SO4's debt to equity ratio has reduced over the past 5 years.
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: SO4 has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: SO4 has less than a year of cash runway if free cash flow continues to reduce at historical rates of 62.9% each year
What is Salt Lake Potash current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Notable Dividend: Unable to evaluate SO4's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate SO4'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 SO4's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if SO4'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 SO4's dividend in 3 years as they are not forecast to pay a notable one for the Australian market.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Mr. Isak Buitendag is Chief Executive Officer of Salt Lake Potash Limited since September 13, 2021. Mr. Buitendag was General Manager of Transformation at Kazzinc (69.7% owned by Glencore). Prior to Kazzin...
Experienced Management: SO4's management team is not considered experienced ( 0.3 years average tenure), which suggests a new team.
Experienced Board: SO4's board of directors are not considered experienced ( 1.2 years average tenure), which suggests a new board.
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: SO4 insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have been substantially diluted in the past year, with total shares outstanding growing by 130.3%.
Salt Lake Potash Limited's employee growth, exchange listings and data sources
- Name: Salt Lake Potash Limited
- Ticker: SO4
- Exchange: ASX
- Founded: 2005
- Industry: Fertilizers and Agricultural Chemicals
- Sector: Materials
- Market Cap: AU$253.107m
- Shares outstanding: 816.48m
- Website: https://www.so4.com.au
- Salt Lake Potash Limited
- 239 Adelaide Terrace
- Ground Floor
- Western Australia
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/10/16 07:04|
|End of Day Share Price||2021/07/28 00:00|
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.