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Sunrise Energy Metals ASX:SRL Stock Report

Last Price


Market Cap







27 Sep, 2022


Company Financials +
SRL fundamental analysis
Snowflake Score
Future Growth0/6
Past Performance0/6
Financial Health6/6

SRL Stock Overview

Sunrise Energy Metals Limited, together with its subsidiaries, engages in the metal recovery and exploration of other mineral tenements in Australia.

Sunrise Energy Metals Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Sunrise Energy Metals
Historical stock prices
Current Share PriceAU$2.75
52 Week HighAU$3.46
52 Week LowAU$1.49
1 Month Change1.85%
3 Month Change22.22%
1 Year Change72.96%
3 Year Change-5.17%
5 Year Change-74.77%
Change since IPO-59.56%

Recent News & Updates

Shareholder Returns

SRLAU Metals and MiningAU Market

Return vs Industry: SRL exceeded the Australian Metals and Mining industry which returned -1.4% over the past year.

Return vs Market: SRL exceeded the Australian Market which returned -11.9% over the past year.

Price Volatility

Is SRL's price volatile compared to industry and market?
SRL volatility
SRL Average Weekly Movement9.7%
Metals and Mining Industry Average Movement11.4%
Market Average Movement9.6%
10% most volatile stocks in AU Market16.7%
10% least volatile stocks in AU Market4.3%

Stable Share Price: SRL is not significantly more volatile than the rest of Australian stocks over the past 3 months, typically moving +/- 10% a week.

Volatility Over Time: SRL's weekly volatility (10%) has been stable over the past year.

About the Company

1990n/aSam Riggall

Sunrise Energy Metals Limited, together with its subsidiaries, engages in the metal recovery and exploration of other mineral tenements in Australia. The company provides Clean-iX resin technology for the extraction and purification of various metals, including precious metals, such as gold and silver; platinum group metals consisting of platinum, palladium, rhodium, and iridium; base metals comprising copper, nickel, cobalt, and zinc; light, medium, and heavy rare earth metals; and specialty metals covering scandium, vanadium, niobium, tantalum, uranium, and titanium. It is involved in the development of the Sunrise project for electric vehicle battery materials in New South Wales.

Sunrise Energy Metals Fundamentals Summary

How do Sunrise Energy Metals's earnings and revenue compare to its market cap?
SRL fundamental statistics
Market CapAU$247.66m
Earnings (TTM)-AU$15.31m
Revenue (TTM)AU$835.00k


P/S Ratio


P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
SRL income statement (TTM)
Cost of RevenueAU$3.54m
Gross Profit-AU$2.71m
Other ExpensesAU$12.60m

Last Reported Earnings

Jun 30, 2022

Next Earnings Date


Earnings per share (EPS)-0.17
Gross Margin-324.43%
Net Profit Margin-1,833.05%
Debt/Equity Ratio0%

How did SRL perform over the long term?

See historical performance and comparison
We’ve recently updated our valuation analysis.


Is SRL undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score


Valuation Score 0/6

  • Price-To-Book vs Peers

  • Price-To-Book vs Industry

  • Price-To-Book vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

Which metric is best to use when looking at relative valuation for SRL?

Other financial metrics that can be useful for relative valuation.

SRL key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue267.1x
Enterprise Value/EBITDA-14.6x
PEG Ration/a

Price to Book Ratio vs Peers

How does SRL's PB Ratio compare to its peers?

SRL PB Ratio vs Peers
The above table shows the PB ratio for SRL vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPBEstimated GrowthMarket Cap
Peer Average5.4x
SVM Sovereign Metals
STM Sunstone Metals
HAV Havilah Resources
SRL Sunrise Energy Metals

Price-To-Book vs Peers: SRL is expensive based on its Price-To-Book Ratio (10.2x) compared to the peer average (5.4x).

Price to Earnings Ratio vs Industry

How does SRL's PE Ratio compare vs other companies in the AU Metals and Mining Industry?

Price-To-Book vs Industry: SRL is expensive based on its Price-To-Book Ratio (10.2x) compared to the Australian Metals and Mining industry average (1.9x)

Price to Book Ratio vs Fair Ratio

What is SRL's PB Ratio compared to its Fair PB Ratio? This is the expected PB Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

SRL PB Ratio vs Fair Ratio.
Fair Ratio
Current PB Ratio10.2x
Fair PB Ration/a

Price-To-Book vs Fair Ratio: Insufficient data to calculate SRL's Price-To-Book Fair Ratio for valuation analysis.

Share Price vs Fair Value

What is the Fair Price of SRL when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: Insufficient data to calculate SRL's fair value for valuation analysis.

Significantly Below Fair Value: Insufficient data to calculate SRL's fair value for valuation analysis.

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Target price is more than 20% higher than the current share price, but analysts are not within a statistically confident range of agreement.

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Future Growth

How is Sunrise Energy Metals forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?

Future Growth Score


Future Growth Score 0/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


Forecasted annual revenue growth

Earnings and Revenue Growth Forecasts

Analyst Future Growth Forecasts

Earnings vs Savings Rate: Insufficient data to determine if SRL's forecast earnings growth is above the savings rate (1.8%).

Earnings vs Market: Insufficient data to determine if SRL's earnings are forecast to grow faster than the Australian market

High Growth Earnings: Insufficient data to determine if SRL's earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: SRL is forecast to have no revenue next year.

High Growth Revenue: SRL is forecast to have no revenue next year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: SRL is forecast to be unprofitable in 3 years.

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Past Performance

How has Sunrise Energy Metals performed over the past 5 years?

Past Performance Score


Past Performance Score 0/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: SRL is currently unprofitable.

Growing Profit Margin: SRL is currently unprofitable.

Past Earnings Growth Analysis

Earnings Trend: SRL is unprofitable, and losses have increased over the past 5 years at a rate of 28.4% per year.

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

Earnings vs Industry: SRL is unprofitable, making it difficult to compare its past year earnings growth to the Metals and Mining industry (22.7%).

Return on Equity

High ROE: SRL has a negative Return on Equity (-62.74%), as it is currently unprofitable.

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Financial Health

How is Sunrise Energy Metals's financial position?

Financial Health Score


Financial Health Score 6/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Stable Cash Runway

  • Forecast Cash Runway

Financial Position Analysis

Short Term Liabilities: SRL's short term assets (A$25.3M) exceed its short term liabilities (A$1.2M).

Long Term Liabilities: SRL's short term assets (A$25.3M) exceed its long term liabilities (A$374.0K).

Debt to Equity History and Analysis

Debt Level: SRL is debt free.

Reducing Debt: SRL has no debt compared to 5 years ago when its debt to equity ratio was 2.5%.

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

Forecast Cash Runway: SRL has sufficient cash runway for 1.2 years if free cash flow continues to grow at historical rates of 0.6% each year.

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What is Sunrise Energy Metals's current dividend yield, its reliability and sustainability?

Dividend Score


Dividend Score 0/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage

Dividend Yield vs Market

Sunrise Energy Metals Dividend Yield vs Market
How does Sunrise Energy Metals dividend yield compare to the market?
SegmentDividend Yield
Company (Sunrise Energy Metals)n/a
Market Bottom 25% (AU)2.8%
Market Top 25% (AU)7.2%
Industry Average (Metals and Mining)10.5%
Analyst forecast in 3 Years (Sunrise Energy Metals)0%

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

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

Growing Dividend: Insufficient data to determine if SRL's dividend payments have been increasing.

Earnings Payout to Shareholders

Earnings Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.

Cash Payout to Shareholders

Cash Flow Coverage: Unable to calculate sustainability of dividends as SRL has not reported any payouts.

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How experienced are the management team and are they aligned to shareholders interests?


Average management tenure


Sam Riggall (50 yo)





Mr. Sam Riggall, LLB (Hons), B.Comm., MBA, has been Managing Director and Chief Executive Officer of Sunrise Energy Metals Limited (formerly known as Clean TeQ Holdings Limited) since April 24, 2017 and Ju...

CEO Compensation Analysis

Sam Riggall's Compensation vs Sunrise Energy Metals Earnings
How has Sam Riggall's remuneration changed compared to Sunrise Energy Metals's earnings?
DateTotal Comp.SalaryCompany Earnings
Jun 30 2022AU$1mAU$412k


Dec 31 2021n/an/a


Sep 30 2021n/an/a


Jun 30 2021AU$903kAU$352k


Dec 31 2020n/an/a


Sep 30 2020n/an/a


Jun 30 2020AU$763kAU$476k


Mar 31 2020n/an/a


Dec 31 2019n/an/a


Sep 30 2019n/an/a


Jun 30 2019AU$662kAU$435k


Mar 31 2019n/an/a


Dec 31 2018n/an/a


Sep 30 2018n/an/a


Jun 30 2018AU$731kAU$437k


Mar 31 2018n/an/a


Dec 31 2017n/an/a


Sep 30 2017n/an/a


Jun 30 2017AU$3mAU$300k


Mar 31 2017n/an/a


Dec 31 2016n/an/a


Sep 30 2016n/an/a


Jun 30 2016AU$892kAU$186k


Compensation vs Market: Sam's total compensation ($USD654.12K) is about average for companies of similar size in the Australian market ($USD623.38K).

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

Leadership Team

Experienced Management: SRL's management team is seasoned and experienced (9.4 years average tenure).

Board Members

Experienced Board: SRL's board of directors are considered experienced (5.7 years average tenure).


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

ASX:SRL Recent Insider Transactions by Companies or Individuals
DateValueNameEntityRoleSharesMax Price
24 Jun 22BuyAU$546,197Grantham Mayo Van Otterloo & Co. LLCCompany191,729AU$3.41
16 May 22SellAU$218,489Sam RiggallIndividual80,000AU$2.76

Ownership Breakdown

What is the ownership structure of SRL?
Owner TypeNumber of SharesOwnership Percentage
Private Companies3,259,8233.6%
Individual Insiders15,453,10117.2%
General Public48,476,15653.8%

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.

Top Shareholders

Top 25 shareholders own 46.17% of the company
OwnershipNameSharesCurrent ValueChange %Portfolio %
Robert Martin Friedland
10,863,589A$29.9m0%no data
5,848,912A$16.1m0%no data
SailingStone Capital Partners LLC
Grantham Mayo Van Otterloo & Co. LLC
AustralianSuper Pty. Ltd.
Sam Riggall
2,613,147A$7.2m0%no data
Franklin Resources, Inc.
1,869,999A$5.1m0%no data
Thierville Pty Ltd
1,861,046A$5.1m0%no data
Canaccord Genuity Corp, Asset Management Arm
Mal Clarke & Associates Pty Ltd
615,244A$1.7m0%no data
Norges Bank Investment Management
548,913A$1.5m0%no data
Jeremy Carter
469,031A$1.3m0%no data
Margaret Toll
450,000A$1.2m0%no data
Gregory Toll
450,000A$1.2m0%no data
Xue Investments Pty Limited
428,533A$1.2m-58.62%no data
Jamplat Pty Limited
355,000A$976.3k0%no data
Ben Stockdale
170,000A$467.5k0%no data
Peter Palan
164,167A$451.5k0%no data
Clare Palan
164,167A$451.5k0%no data
AIPM Azur International Portfolio Management AG
Eric Finlayson
75,000A$206.3k0%no data
Dimensional Fund Advisors LP
44,916A$123.5k0.23%no data
Stefanie Loader
22,000A$60.5k0%no data
Trevor Eton
12,000A$33.0k0%no data
Russell Investment Management, LLC
7,029A$19.3k-96.6%no data

Company Information

Sunrise Energy Metals Limited's employee growth, exchange listings and data sources

Key Information

  • Name: Sunrise Energy Metals Limited
  • Ticker: SRL
  • Exchange: ASX
  • Founded: 1990
  • Industry: Diversified Metals and Mining
  • Sector: Materials
  • Implied Market Cap: AU$247.659m
  • Shares outstanding: 90.06m
  • Website:


  • Sunrise Energy Metals Limited
  • 350 Collins Street
  • Suite 5
  • Melbourne
  • Victoria
  • 3000
  • Australia


TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
SRLASX (Australian Securities Exchange)YesOrdinary SharesAUAUDNov 2007
SRLCHIA (Chi-X Australia)YesOrdinary SharesAUAUDNov 2007
SREM.FOTCPK (Pink Sheets LLC)YesOrdinary SharesUSUSDNov 2007
4CQADB (Deutsche Boerse AG)YesOrdinary SharesDEEURNov 2007
CLQTSX (The Toronto Stock Exchange)YesOrdinary SharesCACADNov 2007

Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/09/27 00:00
End of Day Share Price2022/09/27 00:00
Annual Earnings2022/06/30

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.