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SRL

Sunrise Energy Metals ASX:SRL Stock Report

Last Price

AU$2.73

Market Cap

AU$245.9m

7D

-9.9%

1Y

44.8%

Updated

14 Aug, 2022

Data

Company Financials +
SRL fundamental analysis
Snowflake Score
Valuation1/6
Future Growth0/6
Past Performance0/6
Financial Health6/6
Dividends0/6

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$2.73
52 Week HighAU$3.46
52 Week LowAU$1.32
Beta1.35
1 Month Change21.88%
3 Month Change-0.73%
1 Year Change44.83%
3 Year Change-25.21%
5 Year Change-64.77%
Change since IPO-59.85%

Recent News & Updates

Shareholder Returns

SRLAU Metals and MiningAU Market
7D-9.9%3.1%0.7%
1Y44.8%-14.4%-8.5%

Return vs Industry: SRL exceeded the Australian Metals and Mining industry which returned -14.4% over the past year.

Return vs Market: SRL exceeded the Australian Market which returned -8.5% over the past year.

Price Volatility

Is SRL's price volatile compared to industry and market?
SRL volatility
SRL Average Weekly Movement9.8%
Metals and Mining Industry Average Movement12.4%
Market Average Movement10.6%
10% most volatile stocks in AU Market18.1%
10% least volatile stocks in AU Market4.6%

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

FoundedEmployeesCEOWebsite
1990n/aSam Riggallhttps://www.sunriseem.com

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 resources, 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, as well as radioactive elements, and other extractable elements. 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$245.86m
Earnings (TTM)-AU$18.66m
Revenue (TTM)AU$1.17m

210.8x

P/S Ratio

-13.2x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
SRL income statement (TTM)
RevenueAU$1.17m
Cost of RevenueAU$4.56m
Gross Profit-AU$3.39m
Other ExpensesAU$15.28m
Earnings-AU$18.66m

Last Reported Earnings

Dec 31, 2021

Next Earnings Date

n/a

Earnings per share (EPS)-0.21
Gross Margin-290.32%
Net Profit Margin-1,599.23%
Debt/Equity Ratio0%

How did SRL perform over the long term?

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

Valuation

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

Valuation Score

1/6

Valuation Score 1/6

  • 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/Revenue185.8x
Enterprise Value/EBITDA-11.6x
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 Average19.2x
SVM Sovereign Metals
20.6x58.8%AU$214.2m
ARU Arafura Resources
3.1x-45.0%AU$482.9m
RTR Rumble Resources
3.4x-7.8%AU$189.5m
ASO Aston Minerals
49.7xn/aAU$102.4m
SRL Sunrise Energy Metals
8.4xn/aAU$245.9m

Price-To-Book vs Peers: SRL is good value based on its Price-To-Book Ratio (8.4x) compared to the peer average (19.2x).


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 (8.4x) compared to the Australian Metals and Mining industry average (2.1x)


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 Ratio8.4x
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

0/6

Future Growth Score 0/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


-82.7%

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's revenue is expected to decline over the next 3 years (-82.7% per year).

High Growth Revenue: SRL's revenue is forecast to decline over the next 3 years (-82.7% per 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

0/6

Past Performance Score 0/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


-39.9%

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 39.9% 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 (57.3%).


Return on Equity

High ROE: SRL has a negative Return on Equity (-64.08%), as it is currently unprofitable.


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Financial Health

How is Sunrise Energy Metals's financial position?

Financial Health Score

6/6

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$30.1M) exceed its short term liabilities (A$997.0K).

Long Term Liabilities: SRL's short term assets (A$30.1M) exceed its long term liabilities (A$610.0K).


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 7.8%.


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 1.3 years if free cash flow continues to reduce at historical rates of 6.6% each year.


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Dividend

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

Dividend Score

0/6

Dividend Score 0/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage

Dividend Yield vs Market

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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Management

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

9.3yrs

Average management tenure


CEO

Sam Riggall (50 yo)

7.08yrs

Tenure

AU$903,243

Compensation

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

Compensation vs Market: Sam's total compensation ($USD641.55K) is about average for companies of similar size in the Australian market ($USD564.35K).

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 (9.3 years average tenure).


Board Members

Experienced Board: SRL's board of directors are considered experienced (5.6 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: SRL insiders have only sold shares in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

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


Top Shareholders

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$245.858m
  • Shares outstanding: 90.06m
  • Website: https://www.sunriseem.com

Location

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

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/08/14 00:00
End of Day Share Price2022/08/12 00:00
Earnings2021/12/31
Annual Earnings2021/06/30


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.