| Snowflake Score | |
|---|---|
| Valuation | 3/6 |
| Future Growth | 0/6 |
| Past Performance | 3/6 |
| Financial Health | 6/6 |
| Dividends | 0/6 |
SRK Overview
Strike Resources Limited operates as a mineral exploration company in Australia, Argentina, and Peru.
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | AU$0.13 |
| 52 Week High | AU$0.087 |
| 52 Week Low | AU$0.32 |
| Beta | 2.53 |
| 1 Month Change | 0% |
| 3 Month Change | -57.63% |
| 1 Year Change | 13.64% |
| 3 Year Change | 127.27% |
| 5 Year Change | 184.09% |
| Change since IPO | -85.12% |
Recent News & Updates
Strike Resources' (ASX:SRK) Earnings Are Built On Soft Foundations
Shareholders didn't seem to be thrilled with Strike Resources Limited's ( ASX:SRK ) recent earnings report, despite...
We're Not Very Worried About Strike Resources' (ASX:SRK) Cash Burn Rate
Just because a business does not make any money, does not mean that the stock will go down. For example, although...
Shareholder Returns
| SRK | AU Metals and Mining | AU Market | |
|---|---|---|---|
| 7D | -3.8% | -0.3% | 0.7% |
| 1Y | 13.6% | 12.5% | 21.4% |
Return vs Industry: SRK exceeded the Australian Metals and Mining industry which returned 12.5% over the past year.
Return vs Market: SRK underperformed the Australian Market which returned 21.4% over the past year.
Price Volatility
| SRK volatility | |
|---|---|
| SRK Beta | 2.53 |
| Industry Beta | 0.97 |
| Market Beta | 1 |
Stable Share Price: SRK is more volatile than 75% of Australian stocks over the past 3 months, typically moving +/- 14% a week.
Volatility Over Time: SRK's weekly volatility (14%) has been stable over the past year, but is still higher than 75% of Australian stocks.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 1999 | n/a | William Johnson | https://strikeresources.com.au |
Strike Resources Limited operates as a mineral exploration company in Australia, Argentina, and Peru. The company primarily explores for iron ore, graphite, gold, and lithium deposits. Its flagship project is the Apurimac magnetite iron ore project covering an area of approximately 7,500 hectares located in the Southern Highlands of Peru.
Strike Resources Fundamentals Summary
| SRK fundamental statistics | |
|---|---|
| Market Cap | AU$33.75m |
| Earnings (TTM) | AU$3.86m |
| Revenue (TTM) | AU$50.67k |
8.7x
P/E Ratio694.4x
P/S RatioIs SRK overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| SRK income statement (TTM) | |
|---|---|
| Revenue | AU$50.67k |
| Cost of Revenue | AU$0 |
| Gross Profit | AU$50.67k |
| Expenses | -AU$3.81m |
| Earnings | AU$3.86m |
Last Reported Earnings
Jun 30, 2021
Next Earnings Date
n/a
| Earnings per share (EPS) | 0.014 |
| Gross Margin | 100.00% |
| Net Profit Margin | 7,618.42% |
| Debt/Equity Ratio | 0.0% |
How did SRK perform over the long term?
See historical performance and comparisonValuation
Is Strike Resources undervalued compared to its fair value and its price relative to the market?
8.75x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: Insufficient data to calculate SRK's fair value to establish if it is undervalued.
Significantly Below Fair Value: Insufficient data to calculate SRK's fair value to establish if it is undervalued.
Price To Earnings Ratio
PE vs Industry: SRK is good value based on its PE Ratio (8.7x) compared to the Australian Metals and Mining industry average (14.3x).
PE vs Market: SRK is good value based on its PE Ratio (8.7x) compared to the Australian market (19.8x).
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate SRK's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: SRK is good value based on its PB Ratio (2x) compared to the AU Metals and Mining industry average (2.6x).
Future Growth
How is Strike Resources forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
-0.07%
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 Strike 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 Strike Resources performed over the past 5 years?
15.8%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: SRK has a high level of non-cash earnings.
Growing Profit Margin: SRK became profitable in the past.
Past Earnings Growth Analysis
Earnings Trend: SRK has become profitable over the past 5 years, growing earnings by 15.8% per year.
Accelerating Growth: SRK has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.
Earnings vs Industry: SRK has become profitable in the last year, making it difficult to compare its past year earnings growth to the Metals and Mining industry (35.3%).
Return on Equity
High ROE: SRK's Return on Equity (23.4%) is considered high.
Financial Health
How is Strike Resources's financial position?
Financial Position Analysis
Short Term Liabilities: SRK's short term assets (A$8.3M) exceed its short term liabilities (A$2.2M).
Long Term Liabilities: SRK has no long term liabilities.
Debt to Equity History and Analysis
Debt Level: SRK is debt free.
Reducing Debt: SRK has not had any debt for past 5 years.
Debt Coverage: SRK has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: SRK has no debt, therefore coverage of interest payments is not a concern.
Balance Sheet
Dividend
What is Strike Resources's current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Notable Dividend: Unable to evaluate SRK's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate SRK'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 SRK's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if SRK'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 SRK'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?
12.1yrs
Average board tenure
CEO
William Johnson (59 yo)
8.58yrs
Tenure
AU$227,760
Compensation
Mr. William Matthew Johnson, MA (Oxon), MBA, MAICD, has been the Managing Director at Strike Resources Limited since March 25, 2013 and has been its Director since July 14, 2006. Mr. Johnson has been Execu...
CEO Compensation Analysis
Compensation vs Market: William's total compensation ($USD170.57K) is below average for companies of similar size in the Australian market ($USD303.33K).
Compensation vs Earnings: William's compensation has been consistent with company performance over the past year.
Board Members
Experienced Board: SRK's board of directors are seasoned and experienced ( 12.1 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 been diluted in the past year, with total shares outstanding growing by 30.4%.
Top Shareholders
Company Information
Strike Resources Limited's employee growth, exchange listings and data sources
Key Information
- Name: Strike Resources Limited
- Ticker: SRK
- Exchange: ASX
- Founded: 1999
- Industry: Steel
- Sector: Materials
- Market Cap: AU$33.750m
- Shares outstanding: 270.00m
- Website: https://strikeresources.com.au
Location
- Strike Resources Limited
- 31 Ventnor Avenue
- Level 2
- West Perth
- Western Australia
- 6005
- Australia
Listings
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/10/22 15:37 |
| End of Day Share Price | 2021/10/22 00:00 |
| Earnings | 2021/06/30 |
| Annual Earnings | 2021/06/30 |
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.