ASX:SRI

Stock Analysis Report

Executive Summary

Sipa Resources Limited acquires and explores for mineral tenements.

Snowflake

Fundamentals

Flawless balance sheet with weak fundamentals.

Risks

  • Sipa Resources's last earnings update was 192 days ago.
  • Sipa Resources is not covered by any analysts.

Similar Companies

Share Price & News

How has Sipa Resources's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

-4.8%

SRI

1.5%

AU Metals and Mining

1.0%

AU Market


1 Year Return

-16.7%

SRI

14.6%

AU Metals and Mining

6.9%

AU Market

SRI underperformed the Metals and Mining industry which returned 14.6% over the past year.

SRI underperformed the Market in Australia which returned 6.9% over the past year.


Share holder returns

SRIIndustryMarket
7 Day-4.8%1.5%1.0%
30 Day1.0%6.5%3.9%
90 Day11.1%-3.5%1.6%
1 Year-16.7%-16.7%22.6%14.6%13.1%6.9%
3 Year-56.1%-56.1%77.8%54.8%39.5%20.7%
5 Year-79.2%-79.2%62.0%25.5%52.8%18.7%

Price Volatility Vs. Market

How volatile is Sipa Resources's share price compared to the market and industry in the last 5 years?


Simply Wall St News

1 year ago | Simply Wall St

What does Sipa Resources Limited's (ASX:SRI) Balance Sheet Tell Us About Its Future?

Valuation

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

3.46x

Price to Book (PB) ratio


Intrinsic Value Based on Future Cash Flows

Unable to calculate intrinsic value for Sipa Resources to establish if it is available at moderate discount.

Unable to calculate intrinsic value for Sipa Resources to establish if it is available at substantial discount.


Price Based on Earnings

Sipa Resources is loss making, we can't compare its value to the AU Metals and Mining industry average.

Sipa Resources is loss making, we can't compare the value of its earnings to the Australia market.


Price Based on Expected Growth

Unable to calculate PEG ratio for Sipa Resources, we can't assess if its growth is good value.


Price Based on Value of Assets

Sipa Resources is overvalued based on assets compared to the AU Metals and Mining industry average.


Next Steps

Future Growth

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

3.5%

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.


Next Steps

Past Performance

How has Sipa Resources performed over the past 5 years?

8.5%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Sipa Resources does not make a profit even though their year on year earnings growth rate was positive over the past 5 years.

Unable to compare Sipa Resources's 1-year earnings growth to the 5-year average as it is not currently profitable.

Unable to compare Sipa Resources's 1-year growth to the AU Metals and Mining industry average as it is not currently profitable.


Return on Equity

It is difficult to establish if Sipa Resources has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.


Return on Assets

It is difficult to establish if Sipa Resources has efficiently used its assets last year compared to the AU Metals and Mining industry average (Return on Assets) as it is loss-making.


Return on Capital Employed

It is difficult to establish if Sipa Resources improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.


Next Steps

Financial Health

How is Sipa Resources's financial position?


Financial Position Analysis

Sipa Resources is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.

Sipa Resources's cash and other short term assets cover its long term commitments.


Debt to Equity History and Analysis

Sipa Resources has no debt.

Sipa Resources has not taken on any debt in the past 5 years.


Balance Sheet

Low level of unsold assets.

Sipa Resources has no debt, it does not need to be covered by short term assets.


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.

Sipa Resources has sufficient cash runway for more than 3 years based on current free cash flow.

Sipa Resources has sufficient cash runway for 2.3 years if free cash flow continues to reduce at historical rates of -30.5% each year.


Next Steps

Dividend

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


Dividend Yield and Payments Analysis

Unable to evaluate Sipa Resources's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.

Unable to evaluate Sipa Resources's dividend against the top 25% market benchmark as the company has not reported any payouts.

Unable to perform a dividend volatility check as Sipa Resources has not reported any payouts.

Unable to verify if Sipa Resources's dividend has been increasing as the company has not reported any payouts.


Current Payout to Shareholders

Unable to calculate sustainability of dividends as Sipa 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.


Next Steps

Management

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

5.2yrs

Average management tenure


CEO

Lynda Burnett 0

5.2yrs

Tenure

AU$392,158

Compensation

Ms. Lynda Margaret Burnett, BSc (Hons) GAICD, MAusIMM, MSEG serves as Managing Director and Director at Sipa Resources Limited. Ms. Burnett is a geologist with over 30 years’ experience in the mineral expl ...


CEO Compensation Analysis

Lynda's remuneration is about average for companies of similar size in Australia.

Lynda's compensation has increased whilst company is loss making.


Management Age and Tenure

5.2yrs

Average Tenure

The average tenure for the Sipa Resources management team is over 5 years, this suggests they are a seasoned and experienced team.


Board Age and Tenure

4.5yrs

Average Tenure

The tenure for the Sipa Resources board of directors is about average.


Insider Trading

No 3 month open market individual insider trading information.


Recent Insider Transactions

BuyAU$828,62406 May 19
Rodiv (N.S.W.) Pty Limited
EntityCompany
Shares10,270,452.33
Max PriceAU$0.086
SellAU$14,00008 Apr 19
Rodiv (N.S.W.) Pty Limited
EntityCompany
Shares166,666.67
Max PriceAU$0.084
BuyAU$153,37608 Apr 19
Rodiv (N.S.W.) Pty Limited
EntityCompany
Shares1,740,559.5
Max PriceAU$0.096
BuyAU$83,54611 Feb 19
Rodiv (N.S.W.) Pty Limited
EntityCompany
Shares877,361.67
Max PriceAU$0.096
BuyAU$131,82021 Jan 19
Rodiv (N.S.W.) Pty Limited
EntityCompany
Shares1,515,052.17
Max PriceAU$0.096
BuyAU$133,94317 Dec 18
Rodiv (N.S.W.) Pty Limited
EntityCompany
Shares1,320,696
Max PriceAU$0.13

Ownership Breakdown


Management Team

  • Tara Robson

    CFO & Company Secretary

    • Tenure: 15.7yrs
    • Compensation: AU$231.73k
  • Burkhard Eisenlohr

    Exploration Manager

    • Tenure: 1.7yrs
  • Lynda Burnett

    MD & Director

    • Tenure: 5.2yrs
    • Compensation: AU$392.16k
  • Peter Neumayr

    Senior Geologist

    • Tenure: 0yrs

Board Members

  • Craig McGown

    Non-Executive Director

    • Tenure: 4.5yrs
    • Compensation: AU$74.83k
  • Karen Field (71yo)

    Senior Independent Director

    • Tenure: 3.5yrs
    • Compensation: AU$40.15k
  • Tim Kennedy

    Independent Non-Executive Chairman

    • Tenure: 1.1yrs
    • Compensation: AU$66.43k
  • Lynda Burnett

    MD & Director

    • Tenure: 5.2yrs
    • Compensation: AU$392.16k
  • Joshua Tuhumwire

    Chairman of Sipa Exploration Uganda Limited

    • Tenure: 6.3yrs

Company Information

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


Key Information

  • Name: Sipa Resources Limited
  • Ticker: SRI
  • Exchange: ASX
  • Founded:
  • Industry: Diversified Metals and Mining
  • Sector: Materials
  • Market Cap: AU$14.228m
  • Shares outstanding: 142.28m
  • Website: https://www.sipa.com.au

Location

  • Sipa Resources Limited
  • Subiaco Court
  • First Floor
  • Subiaco
  • Western Australia
  • 6008
  • Australia

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
SRIASX (Australian Securities Exchange)YesOrdinary SharesAUAUDJan 1992
SPODB (Deutsche Boerse AG)YesOrdinary SharesDEEURJan 1992

Biography

Sipa Resources Limited acquires and explores for mineral tenements. It explores for nickel, copper, gold, silver, zinc, lead, and other mineral deposits. The company holds interests in the Paterson North C ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/09/23 10:32
End of Day Share Price2019/09/20 00:00
Earnings2018/12/31
Annual Earnings2018/06/30


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.