SYR Stock Overview
Syrah Resources Limited, together with its subsidiaries, engages in the exploration, evaluation, and development of mineral properties in Mozambique.
Syrah Resources Competitors
Price History & Performance
|Historical stock prices|
|Current Share Price||AU$1.64|
|52 Week High||AU$2.16|
|52 Week Low||AU$0.99|
|1 Month Change||-7.35%|
|3 Month Change||30.68%|
|1 Year Change||58.45%|
|3 Year Change||234.69%|
|5 Year Change||-55.07%|
|Change since IPO||763.16%|
Recent News & Updates
|SYR||AU Metals and Mining||AU Market|
Return vs Industry: SYR exceeded the Australian Metals and Mining industry which returned 4% over the past year.
Return vs Market: SYR exceeded the Australian Market which returned -10.8% over the past year.
|SYR Average Weekly Movement||9.8%|
|Metals and Mining Industry Average Movement||11.3%|
|Market Average Movement||9.4%|
|10% most volatile stocks in AU Market||16.5%|
|10% least volatile stocks in AU Market||4.2%|
Stable Share Price: SYR is not significantly more volatile than the rest of Australian stocks over the past 3 months, typically moving +/- 10% a week.
Volatility Over Time: SYR's weekly volatility (10%) has been stable over the past year.
About the Company
Syrah Resources Limited, together with its subsidiaries, engages in the exploration, evaluation, and development of mineral properties in Mozambique. The company operates through Balama and Vidalia segments. Its flagship project is the Balama graphite and vanadium project located in Cabo Delgado Province, Mozambique.
Syrah Resources Fundamentals Summary
|SYR fundamental statistics|
Is SYR overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|SYR income statement (TTM)|
|Cost of Revenue||US$81.57m|
Last Reported Earnings
Jun 30, 2022
Next Earnings Date
|Earnings per share (EPS)||-0.062|
|Net Profit Margin||-59.91%|
How did SYR perform over the long term?See historical performance and comparison
Is SYR undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score 1/6
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 SYR?
Other financial metrics that can be useful for relative valuation.
|What is SYR's n/a Ratio?|
Price to Sales Ratio vs Peers
How does SYR's PS Ratio compare to its peers?
|SYR PS Ratio vs Peers|
|Company||PS||Estimated Growth||Market Cap|
PRN Perenti Global
BLY Boart Longyear Group
SYR Syrah Resources
Price-To-Sales vs Peers: SYR is expensive based on its Price-To-Sales Ratio (10.1x) compared to the peer average (1x).
Price to Earnings Ratio vs Industry
How does SYR's PE Ratio compare vs other companies in the AU Metals and Mining Industry?
Price-To-Sales vs Industry: SYR is good value based on its Price-To-Sales Ratio (10.1x) compared to the Australian Metals and Mining industry average (55.9x)
Price to Sales Ratio vs Fair Ratio
What is SYR'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||10.1x|
|Fair PS Ratio||2.8x|
Price-To-Sales vs Fair Ratio: SYR is expensive based on its Price-To-Sales Ratio (10.1x) compared to the estimated Fair Price-To-Sales Ratio (2.8x).
Share Price vs Fair Value
What is the Fair Price of SYR when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: Insufficient data to calculate SYR's fair value for valuation analysis.
Significantly Below Fair Value: Insufficient data to calculate SYR'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: Target price is lower than the current share price.
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How is Syrah Resources forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?
Future Growth Score5/6
Future Growth Score 5/6
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: SYR is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (1.8%).
Earnings vs Market: SYR is forecast to become profitable over the next 3 years, which is considered above average market growth.
High Growth Earnings: SYR is expected to become profitable in the next 3 years.
Revenue vs Market: SYR's revenue (52% per year) is forecast to grow faster than the Australian market (3.7% per year).
High Growth Revenue: SYR's revenue (52% per year) is forecast to grow faster than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: SYR's Return on Equity is forecast to be low in 3 years time (8.9%).
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How has Syrah 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: 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 16.5% 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 (22.7%).
Return on Equity
High ROE: SYR has a negative Return on Equity (-9.22%), as it is currently unprofitable.
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How is Syrah 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: SYR's short term assets ($212.3M) exceed its short term liabilities ($21.9M).
Long Term Liabilities: SYR's short term assets ($212.3M) exceed its long term liabilities ($104.6M).
Debt to Equity History and Analysis
Debt Level: SYR has more cash than its total debt.
Reducing Debt: SYR's debt to equity ratio has increased from 0% to 15.2% over the past 5 years.
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 1.6 years if free cash flow continues to grow at historical rates of 19.6% each year.
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What is Syrah Resources's current dividend yield, its reliability and sustainability?
Dividend Score 0/6
Cash Flow Coverage
Dividend Yield vs Market
|Syrah Resources Dividend Yield vs Market|
|Company (Syrah Resources)||n/a|
|Market Bottom 25% (AU)||2.8%|
|Market Top 25% (AU)||7.2%|
|Industry Average (Metals and Mining)||10.3%|
|Analyst forecast in 3 Years (Syrah Resources)||0%|
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.
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 SYR has not reported any payouts.
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How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
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
|Shaun Verner's Compensation vs Syrah Resources Earnings|
|Date||Total Comp.||Salary||Company Earnings|
|Jun 30 2022||n/a||n/a|
|Mar 31 2022||n/a||n/a|
|Dec 31 2021||US$989k||US$351k|
|Sep 30 2021||n/a||n/a|
|Jun 30 2021||n/a||n/a|
|Mar 31 2021||n/a||n/a|
|Dec 31 2020||US$955k||US$323k|
|Sep 30 2020||n/a||n/a|
|Jun 30 2020||n/a||n/a|
|Mar 31 2020||n/a||n/a|
|Dec 31 2019||US$797k||US$325k|
|Sep 30 2019||n/a||n/a|
|Jun 30 2019||n/a||n/a|
|Mar 31 2019||n/a||n/a|
|Dec 31 2018||US$934k||US$352k|
|Sep 30 2018||n/a||n/a|
|Jun 30 2018||n/a||n/a|
|Mar 31 2018||n/a||n/a|
|Dec 31 2017||US$905k||US$339k|
|Sep 30 2017||n/a||n/a|
|Jun 30 2017||n/a||n/a|
|Mar 31 2017||n/a||n/a|
|Dec 31 2016||US$132k||US$40k|
Compensation vs Market: Shaun's total compensation ($USD989.36K) is about average for companies of similar size in the Australian market ($USD1.08M).
Compensation vs Earnings: Shaun's compensation has increased whilst the company is unprofitable.
Experienced Management: SYR's management team is considered experienced (4.3 years average tenure).
Experienced Board: SYR's board of directors are considered experienced (4.9 years average tenure).
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
|06 Jul 22||BuyAU$798,569||UBS Asset Management||Company||641,832||AU$1.24|
|06 Jul 22||SellAU$1,514,977||UBS Asset Management||Company||1,216,541||AU$1.25|
|05 Jul 22||BuyAU$7,856,736||UBS Asset Management||Company||6,213,839||AU$1.26|
|05 Jul 22||SellAU$7,697,482||UBS Asset Management||Company||6,068,935||AU$1.27|
|24 Jun 22||BuyAU$5,964,730||UBS Asset Management||Company||5,085,400||AU$1.17|
|24 Jun 22||SellAU$8,187,219||UBS Asset Management||Company||6,944,451||AU$1.18|
|21 Jun 22||BuyAU$21,104,805||UBS Asset Management||Company||16,843,974||AU$1.26|
|21 Jun 22||SellAU$23,253,970||UBS Asset Management||Company||18,461,711||AU$1.26|
|08 Jun 22||BuyAU$31,344,620||UBS Asset Management||Company||18,681,172||AU$1.83|
|08 Jun 22||SellAU$39,879,822||UBS Asset Management||Company||22,856,637||AU$1.82|
|20 May 22||BuyAU$9,322,377||UBS Asset Management||Company||4,897,318||AU$1.93|
|20 May 22||SellAU$8,566,540||UBS Asset Management||Company||4,517,111||AU$1.90|
|19 May 22||BuyAU$29,079,390||UBS Asset Management||Company||17,095,462||AU$1.70|
|19 May 22||SellAU$33,179,073||UBS Asset Management||Company||19,510,383||AU$1.70|
|05 May 22||BuyAU$90,329,418||UBS Asset Management||Company||51,559,940||AU$1.75|
|05 May 22||SellAU$88,483,214||UBS Asset Management||Company||50,798,930||AU$1.74|
|29 Mar 22||BuyAU$17,933,470||Paradice Investment Management Pty Ltd.||Company||11,895,792||AU$1.79|
|23 Mar 22||BuyAU$249,017,514||UBS Asset Management||Company||164,385,207||AU$1.52|
|23 Mar 22||SellAU$216,087,192||UBS Asset Management||Company||141,917,285||AU$1.52|
|18 Mar 22||SellAU$15,879||Paradice Investment Management Pty Ltd.||Company||11,637||AU$1.40|
|07 Mar 22||BuyAU$8,278||John Beevers||Individual||5,593||AU$1.48|
|07 Mar 22||BuyAU$10,320||Sara Watts||Individual||6,973||AU$1.48|
|22 Feb 22||SellAU$137,461,263||AustralianSuper Pty. Ltd.||Company||63,315,275||AU$2.17|
|16 Feb 22||SellAU$14,343,275||Paradice Investment Management Pty Ltd.||Company||10,272,316||AU$1.40|
|15 Feb 22||BuyAU$8,583,046||Paradice Investment Management Pty Ltd.||Company||5,752,436||AU$1.49|
|Owner Type||Number of Shares||Ownership Percentage|
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 34.5%.
|Ownership||Name||Shares||Current Value||Change %||Portfolio %|
Syrah Resources Limited's employee growth, exchange listings and data sources
- Name: Syrah Resources Limited
- Ticker: SYR
- Exchange: ASX
- Founded: 2007
- Industry: Diversified Metals and Mining
- Sector: Materials
- Implied Market Cap: AU$1.100b
- Shares outstanding: 670.57m
- Website: https://www.syrahresources.com.au
Number of Employees
- Syrah Resources Limited
- 477 Collins Street
- Level 7
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|SYR||ASX (Australian Securities Exchange)||Yes||Ordinary Shares||AU||AUD||Dec 2011|
|SYAA.F||OTCPK (Pink Sheets LLC)||Yes||Ordinary Shares||US||USD||Dec 2011|
|3S7||DB (Deutsche Boerse AG)||Yes||Ordinary Shares||DE||EUR||Dec 2011|
|SYR||CHIA (Chi-X Australia)||Yes||Ordinary Shares||AU||AUD||Dec 2011|
|SRHY.Y||OTCPK (Pink Sheets LLC)||SPONSORED ADR||US||USD||Jun 2015|
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2022/10/01 00:00|
|End of Day Share Price||2022/09/30 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.