Loading...

Surefire Resources

ASX:SRN
Snowflake Description

Adequate balance sheet with weak fundamentals.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
SRN
ASX
A$1M
Market Cap
  1. Home
  2. AU
  3. Materials
Company description

Surefire Resources NL explores and evaluates mineral tenement holdings in Australia. The last earnings update was 40 days ago. More info.


Add to Portfolio Compare Print
  • Surefire Resources has significant price volatility in the past 3 months.
SRN Share Price and Events
7 Day Returns
0%
ASX:SRN
-2.3%
AU Metals and Mining
0.5%
AU Market
1 Year Returns
-82.4%
ASX:SRN
11.2%
AU Metals and Mining
4.9%
AU Market
SRN Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Surefire Resources (SRN) 0% -25% -57.1% -82.4% -92.5% -85%
AU Metals and Mining -2.3% 0.8% 14.6% 11.2% 77% 7.7%
AU Market 0.5% 1.9% 8% 4.9% 19.5% 6.3%
1 Year Return vs Industry and Market
  • SRN underperformed the Metals and Mining industry which returned 11.2% over the past year.
  • SRN underperformed the Market in Australia which returned 4.9% over the past year.
Price Volatility
SRN
Industry
5yr Volatility vs Market

Value

 Is Surefire Resources undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
  • It is not possible to calculate the future cash flow value for Surefire Resources. This is due to cash flow or dividend data being unavailable. The share price is A$0.003.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Surefire Resources's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Surefire Resources's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
ASX:SRN PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in AUD A$-0.01
ASX:SRN Share Price ** ASX (2019-04-12) in AUD A$0
Australia Metals and Mining Industry PE Ratio Median Figure of 78 Publicly-Listed Metals and Mining Companies 12.61x
Australia Market PE Ratio Median Figure of 544 Publicly-Listed Companies 16.19x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Surefire Resources.

ASX:SRN PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= ASX:SRN Share Price ÷ EPS (both in AUD)

= 0 ÷ -0.01

-0.54x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Surefire Resources is loss making, we can't compare its value to the AU Metals and Mining industry average.
  • Surefire Resources is loss making, we can't compare the value of its earnings to the Australia market.
Price based on expected Growth
Does Surefire Resources's expected growth come at a high price?
Raw Data
ASX:SRN PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -0.54x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
Australia Metals and Mining Industry PEG Ratio Median Figure of 38 Publicly-Listed Metals and Mining Companies 0.67x
Australia Market PEG Ratio Median Figure of 359 Publicly-Listed Companies 1.38x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Surefire Resources, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Surefire Resources's assets?
Raw Data
ASX:SRN PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in AUD A$0.00
ASX:SRN Share Price * ASX (2019-04-12) in AUD A$0
Australia Metals and Mining Industry PB Ratio Median Figure of 584 Publicly-Listed Metals and Mining Companies 1.51x
Australia Market PB Ratio Median Figure of 1,676 Publicly-Listed Companies 1.68x
ASX:SRN PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= ASX:SRN Share Price ÷ Book Value per Share (both in AUD)

= 0 ÷ 0.00

1.59x

* Primary Listing of Surefire Resources.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Surefire Resources is overvalued based on assets compared to the AU Metals and Mining industry average.
X
Value checks
We assess Surefire Resources's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Metals and Mining industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Metals and Mining industry average (and greater than 0)? (1 check)
  5. Surefire Resources has a total score of 0/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

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

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 Simply Wall St do have past financial data. You can see them here.

Show me the analysis anyway

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
1.2%
Expected Metals and Mining industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Surefire Resources expected to grow at an attractive rate?
  • Unable to compare Surefire Resources's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Surefire Resources's earnings growth to the Australia market average as no estimate data is available.
  • Unable to compare Surefire Resources's revenue growth to the Australia market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
ASX:SRN Future Growth Rates Data Sources
Data Point Source Value (per year)
Australia Metals and Mining Industry Earnings Growth Rate Market Cap Weighted Average 1.2%
Australia Metals and Mining Industry Revenue Growth Rate Market Cap Weighted Average 0.2%
Australia Market Earnings Growth Rate Market Cap Weighted Average 6.7%
Australia Market Revenue Growth Rate Market Cap Weighted Average 3%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
ASX:SRN Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in AUD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
ASX:SRN Past Financials Data
Date (Data in AUD Millions) Revenue Cash Flow Net Income *
2018-12-31 -1 -2
2018-09-30 -1 -1
2018-06-30 -1 -1
2017-12-31 0 -1
2017-09-30 0 -1
2017-06-30 0 -1
2016-12-31 0 0 -1
2016-09-30 0 0 -1
2016-06-30 0 0 0
2016-03-31 0 0 -1

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Surefire Resources is high growth as no earnings estimate data is available.
  • Unable to determine if Surefire Resources is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
ASX:SRN Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Surefire Resources Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

ASX:SRN Past Financials Data
Date (Data in AUD Millions) EPS *
2018-12-31 -0.01
2018-09-30 -0.01
2018-06-30 -0.01
2017-12-31 -0.01
2017-09-30 -0.01
2017-06-30 -0.02
2016-12-31 -0.02
2016-09-30 -0.01
2016-06-30 -0.01
2016-03-31 -0.02

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Surefire Resources will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Examine Surefire 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.
  2. Surefire Resources's future outlook can be gauged by looking at industry trends and market size, and determining how well-positioned the company is compared to its competitors. Take a look at other high-growth Materials companies here
  3. Surefire Resources's competitive advantages and company strategy can generally be found in its financial reports archived here.
  4. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Future performance checks
We assess Surefire Resources's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Australia market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Australia market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Surefire Resources has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Surefire Resources performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Surefire Resources's growth in the last year to its industry (Metals and Mining).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Surefire Resources does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
  • Unable to compare Surefire Resources's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Surefire Resources's 1-year growth to the AU Metals and Mining industry average as it is not currently profitable.
Earnings and Revenue History
Surefire Resources's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Surefire Resources Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

ASX:SRN Past Revenue, Cash Flow and Net Income Data
Date (Data in AUD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 -1.69 1.67
2018-09-30 -1.46 1.44
2018-06-30 -1.23 1.21
2017-12-31 -0.61 0.48
2017-09-30 -1.04 0.50
2017-06-30 -1.47 0.52
2016-12-31 0.00 -1.46 0.52
2016-09-30 0.00 -0.96 0.43
2016-06-30 0.00 -0.45 0.33
2016-03-31 0.00 -0.89 0.31
2015-12-31 -1.33 0.30
2015-09-30 -1.31 0.28
2015-06-30 -1.29 0.26
2015-03-31 0.00 -0.79 0.27
2014-12-31 0.00 -0.28 0.27
2014-09-30 0.00 -0.28 0.27
2014-06-30 0.00 -0.29 0.27
2014-03-31 0.02 -0.37 0.37
2013-12-31 0.04 -0.46 0.47
2013-09-30 0.07 -0.70 0.63
2013-06-30 0.11 -0.93 0.80
2013-03-31 0.19 -1.04 0.97
2012-12-31 0.27 -1.15 1.14
2012-09-30 0.23 -1.14 1.20
2012-06-30 0.20 -1.12 1.26

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • It is difficult to establish if Surefire Resources has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if Surefire Resources has efficiently used its assets last year compared to the AU Metals and Mining industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if Surefire Resources improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess Surefire Resources's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Metals and Mining industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Surefire Resources has a total score of 0/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Surefire Resources's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Surefire Resources's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Surefire Resources is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Surefire Resources has no long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Surefire Resources's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Surefire Resources has no debt, it does not need to be covered by short term assets.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Surefire Resources Company Filings, last reported 3 months ago.

ASX:SRN Past Debt and Equity Data
Date (Data in AUD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 0.83 0.00 0.77
2018-09-30 0.83 0.00 0.77
2018-06-30 1.60 0.00 1.86
2017-12-31 -1.06 0.94 0.01
2017-09-30 -1.06 0.94 0.01
2017-06-30 -0.75 0.81 0.02
2016-12-31 -0.99 1.01 0.48
2016-09-30 -0.99 1.01 0.48
2016-06-30 -0.43 1.01 0.15
2016-03-31 -0.43 1.01 0.15
2015-12-31 -0.32 0.99 0.02
2015-09-30 -0.32 0.99 0.02
2015-06-30 -1.56 1.84 0.01
2015-03-31 -1.56 1.84 0.01
2014-12-31 -0.44 1.81 0.04
2014-09-30 -0.44 1.81 0.04
2014-06-30 -0.36 1.80 0.01
2014-03-31 -0.36 1.80 0.01
2013-12-31 -0.21 0.00 0.01
2013-09-30 -0.21 0.00 0.01
2013-06-30 -0.08 1.72 0.04
2013-03-31 -0.08 1.72 0.04
2012-12-31 0.25 0.00 0.18
2012-09-30 0.25 0.00 0.18
2012-06-30 0.85 0.00 0.58
  • Surefire Resources has no debt.
  • Surefire Resources currently has no debt however we can't compare to 5 years ago as we have no data for that period.
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.

  • Surefire Resources has less than a year of cash runway based on current free cash flow.
  • Surefire Resources has less than a year of cash runway if free cash flow continues to grow at historical rates of 66.8% each year.
X
Financial health checks
We assess Surefire Resources's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Surefire Resources has a total score of 4/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

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

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from Surefire Resources dividends.
If you bought A$2,000 of Surefire Resources shares you are expected to receive A$0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate Surefire Resources's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Surefire Resources's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
ASX:SRN Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
Australia Metals and Mining Industry Average Dividend Yield Market Cap Weighted Average of 36 Stocks 3.7%
Australia Market Average Dividend Yield Market Cap Weighted Average of 417 Stocks 4.3%
Australia Minimum Threshold Dividend Yield 10th Percentile 1.6%
Australia Bottom 25% Dividend Yield 25th Percentile 2.5%
Australia Top 25% Dividend Yield 75th Percentile 5.7%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as Surefire Resources has not reported any payouts.
  • Unable to verify if Surefire Resources's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Surefire Resources's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Surefire Resources has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Surefire Resources's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.6%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Surefire Resources afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Surefire Resources has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Surefire Resources's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Roger Nikolaenko
COMPENSATION A$337,571
CEO Bio

Mr. Vladimir Nikolaenko has been Executive Chairman and Managing Director of Surefire Resources NL. Mr. Nikolaenko served as Managing Director and Director of Magna Mining NL (alternate name: Reefton Mining NL) from March 31, 1995 to April 1, 2005. Mr. Nikolaenko has over 30 years of commercial experience in exploration, project evaluation, development and operations, predominantly focused in the gold and base metals sectors. He served as Company Secretary of Black Ridge Mining NL until December 2013. He has a depth of management and corporate expertise in the operation of public companies and has held the position of managing director of four public companies over a period of 14 years involved in exploration, property development and techno€ogy. Mr. Nikolaenko oversees the development of Reefton Mining N.L.'s projects and administers the general activities of Reefton Mining N.L. He has been Director of Magna Mining NL since April 5, 2012. He has been Director of Surefire Resources NL since July 27, 2017. He served as a Non-Executive Director of Black Ridge Mining NL from February 4, 2011 to August 18, 2016.

CEO Compensation
  • Roger's compensation has increased whilst company is loss making.
  • Roger's remuneration is about average for companies of similar size in Australia.
Management Team

Roger Nikolaenko

TITLE
Executive Chairman & MD
COMPENSATION
A$338K

Neville Bassett

TITLE
Company Secretary
AGE
61
TENURE
1 yrs
Board of Directors

Roger Nikolaenko

TITLE
Executive Chairman & MD
COMPENSATION
A$338K

Roger Smith

TITLE
Non-Executive Director
COMPENSATION
A$35K
AGE
71
TENURE
1.4 yrs

Mike Povey

TITLE
Non-Executive Technical Director
COMPENSATION
A$109K
TENURE
1.5 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (A$) Value (A$)
21. May 18 Buy Michael Povey Individual 21. May 18 21. May 18 1,797,945 A$0.01 A$21,574
21. May 18 Buy Roger Smith Individual 21. May 18 21. May 18 1,469,178 A$0.01 A$17,629
21. May 18 Buy Vladimir Nikolaenko Individual 21. May 18 21. May 18 67,188,767 A$0.01 A$806,206
X
Management checks
We assess Surefire Resources's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Surefire Resources has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Surefire Resources NL (ASX:SRN) Insiders Increased Their Holdings

So shareholders might well want to know whether insiders have been buying or selling shares in Surefire Resources NL (ASX:SRN). … But logic dictates you should pay some attention to whether insiders are buying or selling shares. … Surefire Resources Insider Transactions Over The Last Year.

Simply Wall St -

What You Must Know About Surefire Resources NL's (ASX:SRN) Major Investors

I am going to take a deep dive into Surefire Resources NL’s (ASX:SRN) most recent ownership structure, not a frequent subject of discussion among individual investors. … The impact of a company's ownership structure affects both its short- and long-term performance. … ASX:SRN Ownership Summary July 18th 18

Simply Wall St -

Can Surefire Resources NL (ASX:SRN) Improve Your Portfolio Returns?

With a market cap of AU$2.04M, SRN falls within the small-cap spectrum of stocks, which are found to experience higher relative risk compared to larger companies. … Therefore, this is a type of risk which is associated with higher beta. … I test SRN’s ratio of fixed assets to total assets in order to determine how high the risk is associated with this type of constraint.

Simply Wall St -

Did Surefire Resources NL's (ASX:SRN) Recent Earnings Growth Beat The Trend?

Analyzing Surefire Resources NL's (ASX:SRN) track record of past performance is a valuable exercise for investors. … See our latest analysis for Surefire Resources How SRN fared against its long-term earnings performance and its industry I use data from the most recent 12 months, which annualizes the latest 6-month earnings release, or some times, the latest annual report is already the most recent financial data. … ASX:SRN Income Statement Mar 20th 18 We can further analyze Surefire Resources's loss by looking at what the industry has been experiencing over the past few years.

Simply Wall St -

What Does Surefire Resources NL's (ASX:SRN) Ownership Structure Look Like?

Check out our latest analysis for Surefire Resources ASX:SRN Ownership_summary Feb 27th 18 Institutional Ownership Institutional investors transact in large blocks which can influence the momentum of stock prices, at least in the short-term, especially when there is a low level of public shares available on the market to trade. … Insider Ownership Insiders form another group of important ownership types as they manage the company's operations and decide the best use of capital. … This level of ownership gives retail investors the power to sway key policy decisions such as board composition, executive compensation, and potential acquisitions.

Simply Wall St -

Should You Be Concerned About Surefire Resources NL's (ASX:SRN) Risks?

A widely-used metric to measure a stock's market risk is beta, and the broad market index represents a beta value of one. … Check out our latest analysis for Surefire Resources An interpretation of SRN's beta Surefire Resources’s five-year beta of 3.36 means that the company’s value will swing up by more than the market during prosperous times, but also drop down by more in times of downturns. … SRN's fixed assets to total assets ratio of higher than 30% shows that the company uses up a big chunk of its capital on assets that are hard to scale up or down in short notice.

Simply Wall St -

What Can We Expect for Surefire Resources NL (ASX:SRN) Moving Forward?

Below, I will examine the sector growth prospects, as well as evaluate whether Surefire Resources is lagging or leading its competitors in the industry. … See our latest analysis for Surefire Resources What’s the catalyst for Surefire Resources's sector growth? … If your initial investment thesis is around the growth prospects of Surefire Resources, there are other metals and mining companies that have delivered higher growth, and perhaps trading at a discount to the industry average.

Simply Wall St -

Who Really Owns Surefire Resources NL (ASX:SRN)?

Today, I will be analyzing Surefire Resources NL’s (ASX:SRN) recent ownership structure, an important but not-so-popular subject among individual investors. … While these are more of a long-term investor’s concern, short-term investors may find the impact of institutional trading overwhelming enough to lose out on what could be a potential opportunity. … Insider ownership has to do more with how the company is managed and less to do with the direct impact of the magnitude of shares trading on the market.

Simply Wall St -

Company Info

Description

Surefire Resources NL explores and evaluates mineral tenement holdings in Australia. The company holds interest in the Kooline lead-silver project covering an area of 386 square kilometers located in Ashburton Province in Western Australia; and the Unaly Hill and Victory Bore Vanadium projects located in the mid west of Western Australia. It also explores for gold and copper. The company was formerly known as Black Ridge Mining NL and changed its name to Surefire Resources NL in December 2016. Surefire Resources NL was incorporated in 1998 and is based in West Perth, Australia.

Details
Name: Surefire Resources NL
SRN
Exchange: ASX
Founded: 1998
A$1,321,960
440,653,640
Website: http://www.surefireresources.com.au
Address: Surefire Resources NL
45 Ventnor Avenue,
Ground Floor,
West Perth,
Western Australia, 6005,
Australia
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
ASX SRN Ordinary Shares Australian Securities Exchange AU AUD 11. Jun 1999
DB GBL Ordinary Shares Deutsche Boerse AG DE EUR 11. Jun 1999
ASX SRN Common Stock Australian Securities Exchange AU AUD 24. Apr 2019
Number of employees
Current staff
Staff numbers
0
Surefire Resources employees.
Industry
Diversified Metals and Mining
Materials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/24 10:31
End of day share price update: 2019/04/12 00:00
Last earnings filing: 2019/03/15
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/06/30


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.