Tasman Resources (ASX:TAS) - Share price, News & Analysis

TAS fundamental analysis
Snowflake Score
Valuation	2/6
Future Growth	0/6
Past Performance	0/6
Financial Health	3/6
Dividends	0/6

TAS Stock Overview

Tasman Resources Ltd engages in the exploration of mineral properties in Australia.

Risk Analysis

Has less than 1 year of cash runway

Highly volatile share price over the past 3 months

Does not have a meaningful market cap (A$8M)

Does not have meaningful revenue (A$5M)

Tasman Resources Competitors

Consolidated Zinc

ASX:CZL

AU$6.9m

Metal Bank

ASX:MBK

AU$10.4m

Discovery Alaska

ASX:DAF

AU$9.4m

Emu

ASX:EMU

AU$6.8m

Price History & Performance

Summary of all time highs, changes and price drops for Tasman Resources
Historical stock prices
Current Share Price	AU$0.012
52 Week High	AU$0.041
52 Week Low	AU$0.011
Beta	0.70
1 Month Change	-33.33%
3 Month Change	-42.86%
1 Year Change	-60.66%
3 Year Change	-82.35%
5 Year Change	-93.85%
Change since IPO	-93.51%

Recent News & Updates

Nov 17

Is Tasman Resources (ASX:TAS) Weighed On By Its Debt Load?

David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...

Shareholder Returns

	TAS	AU Metals and Mining	AU Market
7D	9.1%	-6.2%	0.7%
1Y	-60.7%	-20.2%	-11.4%

Return vs Industry: TAS underperformed the Australian Metals and Mining industry which returned -15% over the past year.

Return vs Market: TAS underperformed the Australian Market which returned -10.8% over the past year.

Price Volatility

Is TAS's price volatile compared to industry and market?
TAS volatility
TAS Average Weekly Movement	18.5%
Metals and Mining Industry Average Movement	11.8%
Market Average Movement	10.2%
10% most volatile stocks in AU Market	16.6%
10% least volatile stocks in AU Market	4.5%

Stable Share Price: TAS is more volatile than 90% of Australian stocks over the past 3 months, typically moving +/- 18% a week.

Volatility Over Time: TAS's weekly volatility has increased from 13% to 18% over the past year.

About the Company

Founded	Employees	CEO	Website
1987	n/a	n/a	https://www.tasmanresources.com.au

Tasman Resources Ltd engages in the exploration of mineral properties in Australia. It explores for precious and base metals, including gold, silver, copper, zinc, lead, nickel, and uranium, as well as iron-oxide. The company holds a 100% interest in Lake Torrens and Pernatty projects located in South Australia.

Tasman Resources Fundamentals Summary

How do Tasman Resources's earnings and revenue compare to its market cap?
TAS fundamental statistics
Market Cap	AU$8.05m
Earnings (TTM)	-AU$3.96m
Revenue (TTM)	AU$4.52m

1.8x

P/S Ratio

-2.0x

P/E Ratio

Is TAS overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report
TAS income statement (TTM)
Revenue	AU$4.52m
Cost of Revenue	AU$1.17m
Gross Profit	AU$3.35m
Other Expenses	AU$7.30m
Earnings	-AU$3.96m

Last Reported Earnings

Dec 31, 2021

Next Earnings Date

n/a

Earnings per share (EPS)	-0.0059
Gross Margin	74.10%
Net Profit Margin	-87.60%
Debt/Equity Ratio	11.6%

How did TAS perform over the long term?

See historical performance and comparison

We’ve recently updated our valuation analysis.

Valuation

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

Valuation Score

2/6

Valuation Score 2/6

Price-To-Sales vs Peers
Price-To-Sales vs Industry
Price-To-Sales vs Fair Ratio
Below Fair Value
Significantly Below Fair Value
PEG Ratio

Key Valuation Metric

Which metric is best to use when looking at relative valuation for TAS?

Other financial metrics that can be useful for relative valuation.

The above table shows the n/a ratio for TAS. This is calculated by dividing TAS's market cap by their current preferred multiple.
What is TAS's n/a Ratio?
n/a Ratio	0x
n/a	n/a
Market Cap	AU$8.05m

TAS 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/Revenue	4.7x
Enterprise Value/EBITDA	-5.1x
PEG Ratio	n/a

Price to Sales Ratio vs Peers

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

TAS PS Ratio vs Peers

The above table shows the PS ratio for TAS vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
Company	PS	Estimated Growth	Market Cap
Peer Average	421x
CZL Consolidated Zinc	0.6x	n/a	AU$6.9m
MBK Metal Bank	133.3x	n/a	AU$10.4m
DAF Discovery Alaska	1400x	n/a	AU$9.4m
EMU Emu	150x	n/a	AU$6.8m
TAS Tasman Resources	1.8x	n/a	AU$8.1m

Forward PS

Price-To-Sales vs Peers: TAS is good value based on its Price-To-Sales Ratio (1.8x) compared to the peer average (421x).

Price to Earnings Ratio vs Industry

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

Price-To-Sales vs Industry: TAS is good value based on its Price-To-Sales Ratio (1.8x) compared to the Australian Metals and Mining industry average (39.1x)

Price to Sales Ratio vs Fair Ratio

What is TAS'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.

TAS PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio	1.8x
Fair PS Ratio	n/a

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

Share Price vs Fair Value

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

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

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

Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate TAS's PEG Ratio to determine if it is good value.

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Future Growth

How is Tasman 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

-6.6%

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 Tasman 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.

Discover growth companies

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

Past Performance

How has Tasman 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

15.3%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: TAS is currently unprofitable.

Growing Profit Margin: TAS is currently unprofitable.

Past Earnings Growth Analysis

Earnings Trend: TAS is unprofitable, but has reduced losses over the past 5 years at a rate of 15.3% per year.

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

Earnings vs Industry: TAS 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: TAS has a negative Return on Equity (-18.85%), as it is currently unprofitable.

Discover strong past performing companies

Financial Health

How is Tasman Resources's financial position?

Financial Health Score

3/6

Financial Health Score 3/6

Short Term Liabilities
Long Term Liabilities
Debt Level
Reducing Debt
Stable Cash Runway
Forecast Cash Runway

Financial Position Analysis

Short Term Liabilities: TAS's short term assets (A$9.2M) exceed its short term liabilities (A$6.1M).

Long Term Liabilities: TAS's short term assets (A$9.2M) exceed its long term liabilities (A$19.9K).

Debt to Equity History and Analysis

Debt Level: TAS has more cash than its total debt.

Reducing Debt: TAS's debt to equity ratio has increased from 3.3% to 11.6% 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: TAS has less than a year of cash runway based on its current free cash flow.

Forecast Cash Runway: TAS has less than a year of cash runway if free cash flow continues to grow at historical rates of 2.8% each year.

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Dividend

What is Tasman 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 TAS's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

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

Growing Dividend: Insufficient data to determine if TAS'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 TAS has not reported any payouts.

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Management

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

19.3yrs

Average board tenure

CEO

Tasman Resources has no CEO, or we have no data on them.

Board Members

Experienced Board: TAS's board of directors are seasoned and experienced ( 19.3 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 not been meaningfully diluted in the past year.

Data	Last Updated (UTC time)
Company Analysis	2022/07/06 00:00
End of Day Share Price	2022/07/06 00:00
Earnings	2021/12/31
Annual Earnings	2021/06/30