Salt Lake Potash Limited engages in the exploration and development of resource projects in Australia. More Details
Fair value with moderate growth potential.
Share Price & News
How has Salt Lake Potash's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: SO4 is not significantly more volatile than the rest of Australian stocks over the past 3 months, typically moving +/- 6% a week.
Volatility Over Time: SO4's weekly volatility (6%) has been stable over the past year.
7 Day Return
1 Year Return
Return vs Industry: SO4 underperformed the Australian Chemicals industry which returned 0.6% over the past year.
Return vs Market: SO4 underperformed the Australian Market which returned 28.3% over the past year.
Long-Term Price Volatility Vs. Market
How volatile is Salt Lake Potash's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 month ago | Simply Wall StDid Salt Lake Potash Limited (ASX:SO4) Insiders Buy Up More Shares?
4 months ago | Simply Wall StWhen Can We Expect A Profit From Salt Lake Potash Limited (ASX:SO4)?
10 months ago | Simply Wall StWhen Should You Buy Salt Lake Potash Limited (ASX:SO4)?
Is Salt Lake Potash undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: SO4 (A$0.31) is trading below our estimate of fair value (A$5.17)
Significantly Below Fair Value: SO4 is trading below fair value by more than 20%.
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 (3.2x).
How is Salt Lake Potash forecast to perform in the next 1 to 3 years based on estimates from 3 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: Insufficient data to determine if SO4's revenue is forecast to grow faster than the Australian market.
High Growth Revenue: Insufficient data to determine if SO4's revenue 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%).
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 25.5% 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 (-45.6%).
Return on Equity
High ROE: SO4 has a negative Return on Equity (-1.8%), 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$137.4M) exceed its short term liabilities (A$29.9M).
Long Term Liabilities: SO4's short term assets (A$137.4M) do not cover its long term liabilities (A$153.9M).
Debt to Equity History and Analysis
Debt Level: SO4's debt to equity ratio (52.5%) 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: Insufficient data to determine if SO4 has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.
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. Tony James Swiericzuk, BEng (Hons), MBA, GAICD, has been Chief Executive Officer and Managing Director at Salt Lake Potash Ltd. Since November 05, 2018. He served as Director of Business Development at...
CEO Compensation Analysis
Compensation vs Market: Tony's total compensation ($USD1.65M) is above average for companies of similar size in the Australian market ($USD456.53K).
Compensation vs Earnings: Tony's compensation has increased whilst the company is unprofitable.
Experienced Management: SO4's management team is not considered experienced ( 1.9 years average tenure), which suggests a new team.
Experienced Board: SO4's board of directors are not considered experienced ( 1 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: Insufficient data to determine if 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 company bio, 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$252.238m
- Shares outstanding: 813.67m
- Website: https://www.so4.com.au
- Salt Lake Potash Limited
- 239 Adelaide Terrace
- Ground Floor
- Western Australia
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 11 salt lakes covering an area...
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/07/30 08:08|
|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.