Executive Summary
Strike Resources Limited operates as a mineral exploration company in Australia, Argentina, and Peru. More Details
Risk Analysis
+ 1 more risk
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
-11.8%
SRK
-0.9%
AU Metals and Mining
-0.3%
AU Market
1 Year Return
136.6%
SRK
13.1%
AU Metals and Mining
-6.9%
AU Market
Return vs Industry: SRK exceeded the Australian Metals and Mining industry which returned 13.1% over the past year.
Return vs Market: SRK exceeded the Australian Market which returned -6.9% over the past year.
Shareholder returns
| SRK | Industry | Market | |
|---|---|---|---|
| 7 Day | -11.8% | -0.9% | -0.3% |
| 30 Day | -19.2% | 0.5% | 3.7% |
| 90 Day | 40.6% | -2.1% | 3.8% |
| 1 Year | 136.6%136.6% | 19.0%13.1% | -3.5%-6.9% |
| 3 Year | 142.5%142.5% | 58.6%36.3% | 18.1%3.0% |
| 5 Year | 98.0%98.0% | 141.4%97.3% | 44.2%15.1% |
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
1 month ago | Simply Wall St
How Does Strike Resources' (ASX:SRK) CEO Pay Compare With Company Performance?5 months ago | Simply Wall St
Should You Worry About Strike Resources Limited's (ASX:SRK) CEO Salary Level?6 months ago | Simply Wall St
We're Keeping An Eye On Strike Resources's (ASX:SRK) Cash Burn RateValuation
Is Strike Resources undervalued compared to its fair value and its price relative to the market?
4.74x
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 AU 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 (4.7x) compared to the AU Metals and Mining industry average (2.6x).
Next Steps
Future Growth
How is Strike Resources forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
2.8%
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?
-23.3%
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, and losses have increased over the past 5 years at a rate of 23.3% 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 (22.2%).
Return on Equity
High ROE: SRK has a negative Return on Equity (-33.1%), as it is currently unprofitable.
Next Steps
Financial Health
How is Strike Resources's financial position?
Financial Position Analysis
Short Term Liabilities: SRK's short term assets (A$3.5M) exceed its short term liabilities (A$254.4K).
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
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 2 years if free cash flow continues to grow at historical rates of 9.4% each year.
Next Steps
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?
11.1yrs
Average board tenure
CEO
William Johnson (58 yo)
7.58yrs
Tenure
AU$227,760
Compensation
Mr. William Matthew Johnson, MA (Oxon), MBA, MAICD, has been the Managing Director at Strike Resources Limited since March 25, 2013 and has been its Director since July 14, 2006. Mr. Johnson served as Chai ...
CEO Compensation Analysis
Compensation vs Market: William's total compensation ($USD161.98K) is below average for companies of similar size in the Australian market ($USD277.63K).
Compensation vs Earnings: William's compensation has been consistent with company performance over the past year.
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| MD & Director | 7.58yrs | AU$227.76k | 0.17% A$ 38.4k | |
| Company Secretary & Executive Director | 6.75yrs | AU$104.03k | no data | |
| Independent Non-Executive Director | 14yrs | AU$39.69k | no data | |
| Chairman | 4.83yrs | AU$87.60k | 0.88% A$ 199.5k | |
| Non-Executive Director | 11.08yrs | AU$36.25k | no data |
11.1yrs
Average Tenure
58yo
Average Age
Experienced Board: SRK's board of directors are seasoned and experienced ( 11.1 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 23.9%.
Top Shareholders
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$22.785m
- Shares outstanding: 207.13m
- Website: https://strikeresources.com.au
Location
- Strike Resources Limited
- 31 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 |
Biography
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 ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/10/26 10:37 |
| End of Day Share Price | 2020/10/26 00:00 |
| Earnings | 2020/06/30 |
| Annual Earnings | 2020/06/30 |
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.