| Snowflake Score | |
|---|---|
| Valuation | 1/6 |
| Future Growth | 2/6 |
| Past Performance | 0/6 |
| Financial Health | 5/6 |
| Dividends | 0/6 |
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
| Historical stock prices | |
|---|---|
| Current Share Price | AU$1.14 |
| 52 Week High | AU$0.44 |
| 52 Week Low | AU$1.61 |
| Beta | 2.44 |
| 1 Month Change | -1.30% |
| 3 Month Change | -12.36% |
| 1 Year Change | 131.63% |
| 3 Year Change | -18.64% |
| 5 Year Change | -68.82% |
| Change since IPO | 497.37% |
Recent News & Updates
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...
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
| SYR | AU Metals and Mining | AU Market | |
|---|---|---|---|
| 7D | 1.8% | -0.3% | 0.7% |
| 1Y | 131.6% | 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
| SYR volatility | |
|---|---|
| SYR Beta | 2.44 |
| Industry Beta | 0.97 |
| Market Beta | 1 |
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
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 2007 | n/a | Shaun Verner | https://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
| SYR fundamental statistics | |
|---|---|
| Market Cap | US$423.92m |
| Earnings (TTM) | -US$57.12m |
| Revenue (TTM) | US$12.29m |
34.5x
P/S Ratio-7.4x
P/E RatioIs SYR overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| SYR income statement (TTM) | |
|---|---|
| Revenue | US$12.29m |
| Cost of Revenue | US$47.34m |
| Gross Profit | -US$35.05m |
| Expenses | US$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 Ratio | 21.5% |
How did SYR perform over the long term?
See historical performance and comparisonValuation
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
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/10/21 18:17 |
| End of Day Share Price | 2021/10/21 00:00 |
| Earnings | 2021/06/30 |
| Annual Earnings | 2020/12/31 |
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.