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SRN

Surefire Resources ASX:SRN Stock Report

Last Price

AU$0.016

Market Cap

AU$25.3m

7D

-11.1%

1Y

6.7%

Updated

07 Aug, 2022

Data

Company Financials
SRN fundamental analysis
Snowflake Score
Valuation0/6
Future Growth0/6
Past Performance0/6
Financial Health5/6
Dividends0/6

SRN Stock Overview

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

Surefire Resources Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Surefire Resources
Historical stock prices
Current Share PriceAU$0.016
52 Week HighAU$0.057
52 Week LowAU$0.009
Beta0.45
1 Month Change-30.44%
3 Month Change-44.83%
1 Year Change6.67%
3 Year Change128.57%
5 Year Change-20.00%
Change since IPO-84.00%

Recent News & Updates

Shareholder Returns

SRNAU Metals and MiningAU Market
7D-11.1%1.4%1.0%
1Y6.7%-16.4%-7.9%

Return vs Industry: SRN exceeded the Australian Metals and Mining industry which returned -16.4% over the past year.

Return vs Market: SRN exceeded the Australian Market which returned -7.9% over the past year.

Price Volatility

Is SRN's price volatile compared to industry and market?
SRN volatility
SRN Average Weekly Movement19.0%
Metals and Mining Industry Average Movement12.1%
Market Average Movement10.6%
10% most volatile stocks in AU Market17.5%
10% least volatile stocks in AU Market4.7%

Stable Share Price: SRN is more volatile than 90% of Australian stocks over the past 3 months, typically moving +/- 19% a week.

Volatility Over Time: SRN's weekly volatility (19%) 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$25.30m
Earnings (TTM)-AU$2.89m
Revenue (TTM)AU$267.00

0.0x

P/S Ratio

-8.8x

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
Other ExpensesAU$2.89m
Earnings-AU$2.89m

Last Reported Earnings

Dec 31, 2021

Next Earnings Date

n/a

Earnings per share (EPS)-0.0018
Gross Margin100.00%
Net Profit Margin-1,081,521.72%
Debt/Equity Ratio0%

How did SRN perform over the long term?

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

Valuation

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

Valuation Score

0/6

Valuation Score 0/6

  • Price-To-Sales vs Peers

  • Price-To-Sales vs Industry

  • Price-To-Sales 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 SRN?

Other financial metrics that can be useful for relative valuation.

SRN 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/Revenue87191.3x
Enterprise Value/EBITDA-8.6x
PEG Ration/a

Price to Sales Ratio vs Peers

How does SRN's PS Ratio compare to its peers?

SRN PS Ratio vs Peers
The above table shows the PS ratio for SRN vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPSEstimated GrowthMarket Cap
Peer Average13.3x
ICG Inca Minerals
9.4xn/aAU$27.9m
CUF CuFe
1xn/aAU$18.4m
EQE Equus Mining
11.9x113.9%AU$20.9m
GIB Gibb River Diamonds
30.7xn/aAU$9.9m
SRN Surefire Resources
n/an/aAU$25.3m

Price-To-Sales vs Peers: Insufficient data to calculate SRN's Price-To-Sales Ratio vs. peers for valuation analysis.


Price to Earnings Ratio vs Industry

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

Price-To-Sales vs Industry: Insufficient data to calculate SRN's Price-To-Sales Ratio vs. industry for valuation analysis.


Price to Sales Ratio vs Fair Ratio

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

SRN PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ration/a
Fair PS Ration/a

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


Share Price vs Fair Value

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

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

Significantly Below Fair Value: Insufficient data to calculate SRN'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: Insufficient data to show price forecast.


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Future Growth

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


-8.8%

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 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.


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  • 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.
  • Surefire Resources competitive advantages and company strategy can generally be found in its financial reports archived here.

Past Performance

How has Surefire Resources 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


-18.5%

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 18.5% 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 (57.3%).


Return on Equity

High ROE: SRN has a negative Return on Equity (-160.24%), as it is currently unprofitable.


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Financial Health

How is Surefire Resources's financial position?

Financial Health Score

5/6

Financial Health Score 5/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Stable Cash Runway

  • Forecast Cash Runway

Financial Position Analysis

Short Term Liabilities: SRN's short term assets (A$2.2M) exceed its short term liabilities (A$526.3K).

Long Term Liabilities: SRN's short term assets (A$2.2M) exceed its long term liabilities (A$6.3K).


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 less than a year of cash runway based on its current free cash flow.

Forecast Cash Runway: SRN has sufficient cash runway for 1.8 years if free cash flow continues to reduce at historical rates of 31.9% each year.


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Dividend

What is Surefire Resources'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 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.


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 SRN has not reported any payouts.


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Management

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

4.8yrs

Average board tenure


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 ($USD315.04K) is about average for companies of similar size in the Australian market ($USD279.73K).

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


Board Members

Experienced Board: SRN's board of directors are considered experienced (4.8 years average tenure).


Ownership

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


Insider Trading Volume

Insider Buying: SRN insiders have only sold shares 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 43.6%.


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
  • Implied Market Cap: AU$25.302m
  • Shares outstanding: 1.58b
  • 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 Analysis2022/08/07 00:00
End of Day Share Price2022/08/05 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.