Executive Summary
Strike Resources Limited explores for mineral properties in Australia and Peru.
Snowflake Analysis
Flawless balance sheet with weak fundamentals.
Share Price & News
How has Strike Resources's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: SRK's share price has been volatile over the past 3 months.
Market Performance
7 Day Return
4.0%
SRK
-1.8%
AU Metals and Mining
-2.0%
AU Market
1 Year Return
0%
SRK
20.1%
AU Metals and Mining
16.7%
AU Market
Return vs Industry: SRK underperformed the Australian Metals and Mining industry which returned 20.1% over the past year.
Return vs Market: SRK underperformed the Australian Market which returned 16.7% over the past year.
Shareholder returns
| SRK | Industry | Market | |
|---|---|---|---|
| 7 Day | 4.0% | -1.8% | -2.0% |
| 30 Day | 36.8% | -1.3% | 0.1% |
| 90 Day | 0% | -1.2% | 0.4% |
| 1 Year | 0%0% | 28.9%20.1% | 22.5%16.7% |
| 3 Year | 10.6%10.6% | 53.6%32.6% | 35.4%16.8% |
| 5 Year | 30.0%30.0% | 105.1%56.6% | 60.6%24.4% |
Price Volatility Vs. Market
How volatile is Strike Resources's share price compared to the market and industry in the last 5 years?
Simply Wall St News
2 weeks ago | Simply Wall St
Does Strike Resources Limited's (ASX:SRK) CEO Pay Reflect Performance?1 month ago | Simply Wall St
Can We See Significant Institutional Ownership On The Strike Resources Limited (ASX:SRK) Share Register?5 months ago | Simply Wall St
Those Who Purchased Strike Resources (ASX:SRK) Shares A Year Ago Have A 18% Loss To Show For ItValuation
Is Strike Resources undervalued compared to its fair value and its price relative to the market?
2.49x
Price to Book (PB) 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 unprofitable, so we can't compare its PE Ratio to the Metals and Mining industry average.
PE vs Market: SRK 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 SRK's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: SRK is overvalued based on its PB Ratio (2.5x) compared to the AU Metals and Mining industry average (1.4x).
Next Steps
Future Growth
How is Strike Resources forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
1.5%
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 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.
Next Steps
- Examine Strike Resources's financial health to determine how well-positioned it is against times of financial stress by looking at its level of debt over time and how much cash it has left.
- Strike Resources competitive advantages and company strategy can generally be found in its financial reports archived here.
- Explore growth companies in the Materials industry.
Past Performance
How has Strike Resources performed over the past 5 years?
81.4%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: SRK is currently unprofitable.
Growing Profit Margin: SRK is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: SRK is unprofitable, but has reduced losses over the past 5 years at a rate of 81.4% per year.
Accelerating Growth: Unable to compare SRK's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: SRK is unprofitable, making it difficult to compare its past year earnings growth to the Metals and Mining industry (7.8%).
Return on Equity
High ROE: SRK has a negative Return on Equity (-61.78%), as it is currently unprofitable.
Return on Assets
Return on Capital Employed
Next Steps
Financial Health
How is Strike Resources's financial position?
Financial Position Analysis
Short Term Liabilities: SRK's short term assets (A$2.8M) exceed its short term liabilities (A$118.0K).
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.
Balance Sheet
Inventory Level: SRK has a low level of unsold assets or inventory.
Debt Coverage by Assets: Insufficient data to determine if SRK's debt is 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.
Stable Cash Runway: SRK has sufficient cash runway for more than a year based on its current free cash flow.
Forecast Cash Runway: SRK has sufficient cash runway for 1.479161 years if free cash flow continues to reduce at historical rates of -1.7% each year.
Next Steps
Dividend
What is Strike Resources's current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: Unable to evaluate SRK's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.
High Dividend: Unable to evaluate SRK's dividend yield against the top 25% of dividend payers, as the company has not reported any 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
What is the CEO of Strike Resources's salary, the management and board of directors tenure and is there insider trading?
10.3yrs
Average board tenure
CEO
William Johnson (57yo)
6.8yrs
Tenure
AU$227,760
Compensation
Mr. William Matthew Johnson, MA (Oxon), MBA, MAICD served as Chairman of the Board of Keybridge Capital Limited since July 10, 2019 until October 2019. Mr. Johnson has been the Managing Director at Strike  ...
CEO Compensation Analysis
Compensation vs Market: William's total compensation ($USD156.09K) is below average for companies of similar size in the Australian market ($USD255.57K).
Compensation vs Earnings: William's compensation has been consistent with company performance over the past year.
Board Age and Tenure
10.3yrs
Average Tenure
57yo
Average Age
Experienced Board: SRK's board of directors are seasoned and experienced ( 10.3 years average tenure).
Insider Trading
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
| Entity | Company |
| Shares | 1,333,027 |
| Max Price | AU$0.097 |
| Entity | Individual |
| Role | Chief Executive Officer MD & Director |
| Shares | 100,000 |
| Max Price | AU$0.055 |
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Management Team
Victor Ho (49yo)
Company Secretary & Executive Director
- Tenure: 5.9yrs
- Compensation: AU$104.03k
William Johnson (57yo)
MD & Director
- Tenure: 6.8yrs
- Compensation: AU$227.76k
Board Members
Malcolm Richmond (74yo)
Non-Executive Director
- Tenure: 13.2yrs
- Compensation: AU$49.28k
Farooq Khan (57yo)
Chairman
- Tenure: 4yrs
- Compensation: AU$87.60k
Victor Ho (49yo)
Company Secretary & Executive Director
- Tenure: 5.9yrs
- Compensation: AU$104.03k
William Johnson (57yo)
MD & Director
- Tenure: 6.8yrs
- Compensation: AU$227.76k
Matthew Charles Hammond (44yo)
Non-Executive Director
- Tenure: 10.3yrs
- Compensation: AU$45.00k
Company Information
Strike Resources Limited's company bio, 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$7.855m
- Shares outstanding: 167.13m
- Website: https://www.strikeresources.com.au
Location
- Strike Resources Limited
- 23 Ventnor Avenue
- Level 2
- West Perth
- Western Australia
- 6005
- Australia
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| SRK | ASX (Australian Securities Exchange) | Yes | Ordinary Shares | AU | AUD | Mar 2000 |
| SRK | CHIA (Chi-X Australia) | Yes | Ordinary Shares | AU | AUD | Mar 2000 |
| SRKR.F | OTCPK (Pink Sheets LLC) | Yes | Ordinary Shares | US | USD | Mar 2000 |
Biography
Strike Resources Limited explores for mineral properties in Australia and Peru. The company primarily explores for iron ore, graphite, gold, and lithium deposits. Its flagship project is the 100% owned Apu ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2019/12/07 10:32 |
| End of Day Share Price | 2019/12/05 00:00 |
| Earnings | 2019/06/30 |
| Annual Earnings | 2019/06/30 |
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.