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SRI

Sipa ResourcesASX:SRI Stock Report

Market Cap

AU$11.6m

7D

9.6%

1Y

-26.0%

Updated

17 Oct, 2021

Data

Company Financials
SRI fundamental analysis
Snowflake Score
Valuation0/6
Future Growth0/6
Past Performance0/6
Financial Health6/6
Dividends0/6

SRI Overview

Sipa Resources Limited operates as an exploration company.

Sipa Resources Competitors

Antipa Minerals

ASX:AZY

AU$156.9m

Encounter Resources

ASX:ENR

AU$69.7m

St George Mining

ASX:SGQ

AU$44.2m

Battery Minerals

ASX:BAT

AU$29.4m

Price History & Performance

Summary of all time highs, changes and price drops for Sipa Resources
Historical stock prices
Current Share PriceAU$0.057
52 Week HighAU$0.051
52 Week LowAU$0.087
Beta1.67
1 Month Change-8.07%
3 Month Change-13.64%
1 Year Change-25.97%
3 Year Change-40.63%
5 Year Change-72.06%
Change since IPO-98.30%

Recent News & Updates

Shareholder Returns

SRIAU Metals and MiningAU Market
7D9.6%4.3%0.9%
1Y-26.0%12.2%20.2%

Return vs Industry: SRI underperformed the Australian Metals and Mining industry which returned 12.2% over the past year.

Return vs Market: SRI underperformed the Australian Market which returned 20.2% over the past year.

Price Volatility

Is SRI's price volatile compared to industry and market?
SRI volatility
SRI Beta1.67
Industry Beta0.97
Market Beta1

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

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

About the Company

FoundedEmployeesCEOWebsite
1990n/aPip Darvallhttps://www.sipa.com.au

Sipa Resources Limited operates as an exploration company. It explores for nickel, copper, gold, silver, zinc, lead, and other mineral deposits. The company holds 100% interests in the Warralong project covering an area of 1000 square kilometers; and the Wolfe Basin project, which covers an area of 780 square kilometers located in Western Australia.

Sipa Resources Fundamentals Summary

How do Sipa Resources's earnings and revenue compare to its market cap?
SRI fundamental statistics
Market CapAU$11.64m
Earnings (TTM)-AU$2.37m
Revenue (TTM)AU$133.98k

87.7x

P/S Ratio

-4.9x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
SRI income statement (TTM)
RevenueAU$133.98k
Cost of RevenueAU$0
Gross ProfitAU$133.98k
ExpensesAU$2.50m
Earnings-AU$2.37m

Valuation

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

2.56x

Price to Book (PB) ratio


Share Price vs. Fair Value

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

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


Price To Earnings Ratio

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

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


Price to Book Ratio

PB vs Industry: SRI's PB Ratio (2.6x) is in line with the AU Metals and Mining industry average.


Future Growth

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

-0.3%

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 Sipa Resources 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 Sipa Resources performed over the past 5 years?

30.2%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: SRI is currently unprofitable.

Growing Profit Margin: SRI is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: SRI is unprofitable, but has reduced losses over the past 5 years at a rate of 30.2% per year.

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

Earnings vs Industry: SRI 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: SRI has a negative Return on Equity (-52.04%), as it is currently unprofitable.


Financial Health

How is Sipa Resources's financial position?


Financial Position Analysis

Short Term Liabilities: SRI's short term assets (A$4.1M) exceed its short term liabilities (A$388.6K).

Long Term Liabilities: SRI has no long term liabilities.


Debt to Equity History and Analysis

Debt Level: SRI is debt free.

Reducing Debt: SRI has not had any debt for past 5 years.


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: SRI has sufficient cash runway for more than a year based on its current free cash flow.

Forecast Cash Runway: SRI has sufficient cash runway for 1.5 years if free cash flow continues to grow at historical rates of 20.6% each year.


Dividend

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


Dividend Yield vs Market

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

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

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

1.7yrs

Average board tenure


CEO

Pip Darvall (54 yo)

1.67yrs

Tenure

AU$338,075

Compensation

Mr. Pip Darvall, MSc (Geology), MBA, MAusIMM, MAIG, has been Managing Director and Director of Sipa Resources Limited since February 1, 2020. Mr. Darvall served as Managing Director and Director of Jindale...


CEO Compensation Analysis

Compensation vs Market: Pip's total compensation ($USD250.93K) is about average for companies of similar size in the Australian market ($USD302.72K).

Compensation vs Earnings: Pip's compensation has increased whilst the company is unprofitable.


Board Members

Experienced Board: SRI's board of directors are not considered experienced ( 1.7 years average tenure), which suggests a new board.


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 been diluted in the past year, with total shares outstanding growing by 14.8%.


Top Shareholders

Company Information

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


Key Information

  • Name: Sipa Resources Limited
  • Ticker: SRI
  • Exchange: ASX
  • Founded: 1990
  • Industry: Diversified Metals and Mining
  • Sector: Materials
  • Market Cap: AU$11.638m
  • Shares outstanding: 204.18m
  • Website: https://www.sipa.com.au

Location

  • Sipa Resources Limited
  • Unit 5, Subiaco Court
  • 1st Floor
  • Subiaco
  • Western Australia
  • 6008
  • Australia

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/17 07:05
End of Day Share Price2021/10/15 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.