SRN Stock Overview
Surefire Resources NL explores for and reviews mineral tenement holdings in Western Australia.
Surefire Resources Competitors
Price History & Performance
|Historical stock prices|
|Current Share Price||AU$0.016|
|52 Week High||AU$0.057|
|52 Week Low||AU$0.009|
|1 Month Change||-30.44%|
|3 Month Change||-44.83%|
|1 Year Change||6.67%|
|3 Year Change||128.57%|
|5 Year Change||-20.00%|
|Change since IPO||-84.00%|
Recent News & Updates
|SRN||AU Metals and Mining||AU Market|
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.
|SRN Average Weekly Movement||19.0%|
|Metals and Mining Industry Average Movement||12.1%|
|Market Average Movement||10.6%|
|10% most volatile stocks in AU Market||17.5%|
|10% least volatile stocks in AU Market||4.7%|
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
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
|SRN fundamental statistics|
Is SRN overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|SRN income statement (TTM)|
|Cost of Revenue||AU$0|
Last Reported Earnings
Dec 31, 2021
Next Earnings Date
|Earnings per share (EPS)||-0.0018|
|Net Profit Margin||-1,081,521.72%|
How did SRN perform over the long term?See historical performance and comparison
Is SRN undervalued compared to its fair value, analyst forecasts and its price relative to the market?
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
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.
|What is SRN's n/a Ratio?|
Price to Sales Ratio vs Peers
How does SRN's PS Ratio compare to its peers?
|SRN PS Ratio vs Peers|
|Company||PS||Estimated Growth||Market Cap|
ICG Inca Minerals
EQE Equus Mining
GIB Gibb River Diamonds
SRN Surefire Resources
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.
|Current PS Ratio||n/a|
|Fair PS Ratio||n/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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How is Surefire Resources forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
Future Growth Score0/6
Future Growth Score 0/6
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
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.
How has Surefire Resources performed over the past 5 years?
Past Performance Score0/6
Past Performance Score 0/6
Growing Profit Margin
Earnings vs Industry
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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How is Surefire Resources's financial position?
Financial Health Score5/6
Financial Health Score 5/6
Short Term Liabilities
Long Term Liabilities
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.
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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What is Surefire Resources's current dividend yield, its reliability and sustainability?
Dividend Score 0/6
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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How experienced are the management team and are they aligned to shareholders interests?
Average board tenure
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.
Experienced Board: SRN's board of directors are considered experienced (4.8 years average tenure).
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
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 43.6%.
Surefire Resources NL's employee growth, exchange listings and data sources
- 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
- Surefire Resources NL
- 100 Mill Point Road
- Unit 10
- South Perth
- Western Australia
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2022/08/07 00:00|
|End of Day Share Price||2022/08/05 00:00|
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.