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SRN

Surefire ResourcesASX:SRN Stock Report

Market Cap

AU$16.6m

7D

7.1%

1Y

-48.3%

Updated

18 Oct, 2021

Data

Company Financials
SRN fundamental analysis
Snowflake Score
Valuation0/6
Future Growth0/6
Past Performance0/6
Financial Health6/6
Dividends0/6

SRN Overview

Surefire Resources NL explores for and reviews mineral tenement holdings in Western Australia.

Price History & Performance

Summary of all time highs, changes and price drops for Surefire Resources
Historical stock prices
Current Share PriceAU$0.015
52 Week HighAU$0.012
52 Week LowAU$0.052
Beta0.77
1 Month Change7.14%
3 Month Change7.14%
1 Year Change-48.28%
3 Year Change66.67%
5 Year Change-62.50%
Change since IPO-85.00%

Recent News & Updates

Shareholder Returns

SRNAU Metals and MiningAU Market
7D7.1%4.3%0.9%
1Y-48.3%12.2%20.2%

Return vs Industry: SRN underperformed the Australian Metals and Mining industry which returned 12.2% over the past year.

Return vs Market: SRN underperformed the Australian Market which returned 20.2% over the past year.

Price Volatility

Is SRN's price volatile compared to industry and market?
SRN volatility
SRN Beta0.77
Industry Beta0.97
Market Beta1

Stable Share Price: SRN is more volatile than 75% of Australian stocks over the past 3 months, typically moving +/- 12% a week.

Volatility Over Time: SRN's weekly volatility (12%) has been stable over the past year, but is still higher than 75% of Australian stocks.

About the Company

FoundedEmployeesCEOWebsite
19981Roger Nikolaenkohttps://www.surefireresources.com.au

Surefire Resources NL explores for and reviews mineral tenement holdings in Western Australia. The company explores for gold, copper, lead, silver, vanadium, and iron ore deposits. It holds interests in the Kooline project comprising two exploration licenses covering approximately 386 square kilometers located in Ashburton province in Western Australia; Unaly Hill and Victory Bore Vanadium projects located in the mid-west of Western Australia; Yidby gold project and Perenjori project located in Western Australia; and Mt Magnet Gold project located in the north-south striking Meekatharra-Mt Magnet greenstone belt.

Surefire Resources Fundamentals Summary

How do Surefire Resources's earnings and revenue compare to its market cap?
SRN fundamental statistics
Market CapAU$16.56m
Earnings (TTM)-AU$3.24m
Revenue (TTM)AU$267.00

0x

P/S Ratio

-5.1x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
SRN income statement (TTM)
RevenueAU$267.00
Cost of RevenueAU$0
Gross ProfitAU$267.00
ExpensesAU$3.24m
Earnings-AU$3.24m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)-0.0029
Gross Margin100.00%
Net Profit Margin-1,213,109.74%
Debt/Equity Ratio0.0%

How did SRN perform over the long term?

See historical performance and comparison

Valuation

Is Surefire Resources undervalued compared to its fair value and its price relative to the market?

5.7x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate SRN's fair value to establish if it is undervalued.

Significantly Below Fair Value: Insufficient data to calculate SRN's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: SRN is unprofitable, so we can't compare its PE Ratio to the Australian Metals and Mining industry average.

PE vs Market: SRN 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 SRN's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: SRN is overvalued based on its PB Ratio (5.7x) compared to the AU Metals and Mining industry average (2.6x).


Future Growth

How is Surefire Resources forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

-0.3%

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 Surefire 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 Surefire Resources performed over the past 5 years?

-20.2%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: SRN is currently unprofitable.

Growing Profit Margin: SRN is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: SRN is unprofitable, and losses have increased over the past 5 years at a rate of 20.2% per year.

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

Earnings vs Industry: SRN is unprofitable, making it difficult to compare its past year earnings growth to the Metals and Mining industry (35.3%).


Return on Equity

High ROE: SRN has a negative Return on Equity (-111.33%), as it is currently unprofitable.


Financial Health

How is Surefire Resources's financial position?


Financial Position Analysis

Short Term Liabilities: SRN's short term assets (A$3.5M) exceed its short term liabilities (A$588.7K).

Long Term Liabilities: SRN has no long term liabilities.


Debt to Equity History and Analysis

Debt Level: SRN is debt free.

Reducing Debt: SRN currently has no debt however we can't compare to 5 years ago as we have no data for that period.


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

Forecast Cash Runway: SRN has sufficient cash runway for more than 3 years if free cash flow continues to reduce at historical rates of 31.9% each year


Dividend

What is Surefire Resources's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

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

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

Growing Dividend: Insufficient data to determine if SRN'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 SRN'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?

AU$457k

CEO Compensation


CEO

Roger Nikolaenko

no data

Tenure

AU$457,000

Compensation

Mr. Vladimir Nikolaenko, also known as Roger, has been Executive Chairman and Managing Director of Surefire Resources NL. Mr. Nikolaenko served as Managing Director and Director of Magna Mining NL (alterna...


CEO Compensation Analysis

Compensation vs Market: Roger's total compensation ($USD339.20K) is about average for companies of similar size in the Australian market ($USD302.72K).

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


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.


Ownership Breakdown

Dilution of Shares: Shareholders have been substantially diluted in the past year, with total shares outstanding growing by 55.9%.


Top Shareholders

Company Information

Surefire Resources NL's employee growth, exchange listings and data sources


Key Information

  • Name: Surefire Resources NL
  • Ticker: SRN
  • Exchange: ASX
  • Founded: 1998
  • Industry: Diversified Metals and Mining
  • Sector: Materials
  • Market Cap: AU$16.565m
  • Shares outstanding: 1.10b
  • Website: https://www.surefireresources.com.au

Number of Employees


Location

  • Surefire Resources NL
  • 100 Mill Point Road
  • Unit 10
  • South Perth
  • Western Australia
  • 6151
  • Australia

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/18 07:05
End of Day Share Price2021/10/18 00:00
Earnings2021/06/30
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.