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SYR

Syrah ResourcesASX:SYR Stock Report

Market Cap

AU$566.1m

7D

1.8%

1Y

131.6%

Updated

21 Oct, 2021

Data

Company Financials +
SYR fundamental analysis
Snowflake Score
Valuation1/6
Future Growth2/6
Past Performance0/6
Financial Health5/6
Dividends0/6

SYR Overview

Syrah Resources Limited, together with its subsidiaries, engages in the exploration, evaluation, and development of mineral properties in China, Europe, India, other Asian countries, the Americas, and internationally.

Syrah Resources Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Syrah Resources
Historical stock prices
Current Share PriceAU$1.14
52 Week HighAU$0.44
52 Week LowAU$1.61
Beta2.44
1 Month Change-1.30%
3 Month Change-12.36%
1 Year Change131.63%
3 Year Change-18.64%
5 Year Change-68.82%
Change since IPO497.37%

Recent News & Updates

Oct 01
Is Syrah Resources (ASX:SYR) A Risky Investment?

Is Syrah Resources (ASX:SYR) A Risky Investment?

The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...

Jun 24
Analysts Are Betting On Syrah Resources Limited (ASX:SYR) With A Big Upgrade This Week

Analysts Are Betting On Syrah Resources Limited (ASX:SYR) With A Big Upgrade This Week

Syrah Resources Limited ( ASX:SYR ) shareholders will have a reason to smile today, with the analysts making...

Shareholder Returns

SYRAU Metals and MiningAU Market
7D1.8%-0.3%0.7%
1Y131.6%12.5%21.4%

Return vs Industry: SYR exceeded the Australian Metals and Mining industry which returned 11.3% over the past year.

Return vs Market: SYR exceeded the Australian Market which returned 21.1% over the past year.

Price Volatility

Is SYR's price volatile compared to industry and market?
SYR volatility
SYR Beta2.44
Industry Beta0.97
Market Beta1

Stable Share Price: SYR is not significantly more volatile than the rest of Australian stocks over the past 3 months, typically moving +/- 8% a week.

Volatility Over Time: SYR's weekly volatility (8%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
2007n/aShaun Vernerhttps://www.syrahresources.com.au

Syrah Resources Limited, together with its subsidiaries, engages in the exploration, evaluation, and development of mineral properties in China, Europe, India, other Asian countries, the Americas, and internationally. The company operates through two segments, Balama and Vidalia. Its flagship project is the Balama graphite and vanadium project located in Cabo Delgado Province, Mozambique.

Syrah Resources Fundamentals Summary

How do Syrah Resources's earnings and revenue compare to its market cap?
SYR fundamental statistics
Market CapUS$423.92m
Earnings (TTM)-US$57.12m
Revenue (TTM)US$12.29m

34.5x

P/S Ratio

-7.4x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
SYR income statement (TTM)
RevenueUS$12.29m
Cost of RevenueUS$47.34m
Gross Profit-US$35.05m
ExpensesUS$22.07m
Earnings-US$57.12m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

Oct 28, 2021

Earnings per share (EPS)-0.11
Gross Margin-285.14%
Net Profit Margin-464.70%
Debt/Equity Ratio21.5%

How did SYR perform over the long term?

See historical performance and comparison

Valuation

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

1.34x

Price to Book (PB) ratio


Share Price vs. Fair Value

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

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


Price To Earnings Ratio

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

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


Price to Book Ratio

PB vs Industry: SYR is good value based on its PB Ratio (1.3x) compared to the AU Metals and Mining industry average (2.6x).


Future Growth

How is Syrah Resources forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?

68.8%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: SYR is forecast to remain unprofitable over the next 3 years.

Earnings vs Market: SYR is forecast to remain unprofitable over the next 3 years.

High Growth Earnings: SYR is forecast to remain unprofitable over the next 3 years.

Revenue vs Market: SYR's revenue (77.8% per year) is forecast to grow faster than the Australian market (5.4% per year).

High Growth Revenue: SYR's revenue (77.8% per year) is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: SYR is forecast to be unprofitable in 3 years.


Past Performance

How has Syrah Resources performed over the past 5 years?

-36.0%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: SYR is currently unprofitable.

Growing Profit Margin: SYR is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: SYR is unprofitable, and losses have increased over the past 5 years at a rate of 36% per year.

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

Earnings vs Industry: SYR 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: SYR has a negative Return on Equity (-17.7%), as it is currently unprofitable.


Financial Health

How is Syrah Resources's financial position?


Financial Position Analysis

Short Term Liabilities: SYR's short term assets ($112.0M) exceed its short term liabilities ($18.2M).

Long Term Liabilities: SYR's short term assets ($112.0M) exceed its long term liabilities ($111.8M).


Debt to Equity History and Analysis

Debt Level: SYR's debt to equity ratio (21.5%) is considered satisfactory.

Reducing Debt: Insufficient data to determine if SYR's debt to equity ratio has reduced over the past 5 years.


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

Forecast Cash Runway: SYR has sufficient cash runway for 1.7 years if free cash flow continues to grow at historical rates of 8.4% each year.


Dividend

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


Dividend Yield vs Market

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

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

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

3.3yrs

Average management tenure


CEO

Shaun Verner

4.67yrs

Tenure

US$954,532

Compensation

Mr. Shaun Verner has been Chief Executive Officer and Managing Director at Syrah Resources Limited since February 3, 2017. Mr. Verner served as Executive General Manager of Sales and Marketing at Syrah Res...


CEO Compensation Analysis

Compensation vs Market: Shaun's total compensation ($USD954.53K) is about average for companies of similar size in the Australian market ($USD734.81K).

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


Leadership Team

Experienced Management: SYR's management team is considered experienced (3.3 years average tenure).


Board Members

Experienced Board: SYR's board of directors are considered experienced (4 years average tenure).


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.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 20.2%.


Top Shareholders

Company Information

Syrah Resources Limited's employee growth, exchange listings and data sources


Key Information

  • Name: Syrah Resources Limited
  • Ticker: SYR
  • Exchange: ASX
  • Founded: 2007
  • Industry: Diversified Metals and Mining
  • Sector: Materials
  • Market Cap: AU$566.064m
  • Shares outstanding: 498.73m
  • Website: https://www.syrahresources.com.au

Number of Employees


Location

  • Syrah Resources Limited
  • 360 Collins Street
  • Level 28
  • 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 Analysis2021/10/21 18:17
End of Day Share Price2021/10/21 00:00
Earnings2021/06/30
Annual Earnings2020/12/31


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.