company background image
VRC

Volt ResourcesASX:VRC Stock Report

Market Cap

AU$79.4m

7D

-6.3%

1Y

200.0%

Updated

26 Oct, 2021

Data

Company Financials
VRC fundamental analysis
Snowflake Score
Valuation0/6
Future Growth0/6
Past Performance0/6
Financial Health5/6
Dividends0/6

VRC Overview

Volt Resources Limited primarily engages in the exploration and development of graphite and gold deposits.

Volt Resources Competitors

Jervois Global

ASX:JRV

AU$893.9m

Mincor Resources

ASX:MCR

AU$678.0m

Centaurus Metals

ASX:CTM

AU$401.3m

Strandline Resources

ASX:STA

AU$224.1m

Price History & Performance

Summary of all time highs, changes and price drops for Volt Resources
Historical stock prices
Current Share PriceAU$0.03
52 Week HighAU$0.008
52 Week LowAU$0.045
Beta2.22
1 Month Change-9.09%
3 Month Change7.14%
1 Year Change200.00%
3 Year Change57.90%
5 Year Change-62.03%
Change since IPO-99.39%

Recent News & Updates

Shareholder Returns

VRCAU Metals and MiningAU Market
7D-6.3%-0.4%0.8%
1Y200.0%15.6%24.4%

Return vs Industry: VRC exceeded the Australian Metals and Mining industry which returned 15.6% over the past year.

Return vs Market: VRC exceeded the Australian Market which returned 24.4% over the past year.

Price Volatility

Is VRC's price volatile compared to industry and market?
VRC volatility
VRC Beta2.22
Industry Beta0.97
Market Beta1

Stable Share Price: VRC is more volatile than 75% of Australian stocks over the past 3 months, typically moving +/- 13% a week.

Volatility Over Time: VRC's weekly volatility (13%) has been stable over the past year, but is still higher than 75% of Australian stocks.

About the Company

FoundedEmployeesCEOWebsite
2003n/aTrevor Matthewshttps://www.voltresources.com

Volt Resources Limited primarily engages in the exploration and development of graphite and gold deposits. The company focuses on the exploration and development of the Bunyu graphite project covering mining licenses ML 591/2018 and ML 592/2018 with a combined area of 17.71 square kilometers located in Tanzania. It also holds interests in gold projects, including the Kouroussa, the Konsolon, and the Mandiana projects, which comprises six permits with a total area of 388 square kilometers located in Guinea, Africa.

Volt Resources Fundamentals Summary

How do Volt Resources's earnings and revenue compare to its market cap?
VRC fundamental statistics
Market CapAU$79.43m
Earnings (TTM)-AU$2.55m
Revenue (TTM)n/a

0x

P/S Ratio

-31.3x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
VRC income statement (TTM)
RevenueAU$0
Cost of RevenueAU$0
Gross ProfitAU$0
ExpensesAU$2.55m
Earnings-AU$2.55m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)-0.00096
Gross Margin0.00%
Net Profit Margin0.00%
Debt/Equity Ratio0.0%

How did VRC perform over the long term?

See historical performance and comparison

Valuation

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

3.01x

Price to Book (PB) ratio


Share Price vs. Fair Value

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

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


Price To Earnings Ratio

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

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


Price to Book Ratio

PB vs Industry: VRC is overvalued based on its PB Ratio (3x) compared to the AU Metals and Mining industry average (2.6x).


Future Growth

How is Volt Resources forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

-0.5%

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 Volt 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.


Past Performance

How has Volt Resources performed over the past 5 years?

4.2%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: VRC is currently unprofitable.

Growing Profit Margin: VRC is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: VRC is unprofitable, but has reduced losses over the past 5 years at a rate of 4.2% per year.

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

Earnings vs Industry: VRC 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: VRC has a negative Return on Equity (-9.8%), as it is currently unprofitable.


Financial Health

How is Volt Resources's financial position?


Financial Position Analysis

Short Term Liabilities: VRC's short term assets (A$467.6K) do not cover its short term liabilities (A$573.4K).

Long Term Liabilities: VRC has no long term liabilities.


Debt to Equity History and Analysis

Debt Level: VRC is debt free.

Reducing Debt: VRC had no debt 5 years ago.


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: VRC has sufficient cash runway for 1 months based on last reported free cash flow, but has since raised additional capital.

Forecast Cash Runway: VRC is forecast to have sufficient cash runway for 1 months based on free cash flow estimates, but has since raised additional capital.


Dividend

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


Dividend Yield vs Market

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

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

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

2.3yrs

Average board tenure


CEO

Trevor Matthews (61 yo)

4.75yrs

Tenure

AU$334,704

Compensation

Mr. Trevor John Matthews serves as Managing Director and Executive Director of Volt Resources Limited since May 1, 2020. He serves as Chief Executive Officer & Executive Director at Volt Graphite Tanzania...


CEO Compensation Analysis

Compensation vs Market: Trevor's total compensation ($USD250.90K) is about average for companies of similar size in the Australian market ($USD301.38K).

Compensation vs Earnings: Trevor's compensation has been consistent with company performance over the past year.


Board Members

Experienced Board: VRC's board of directors are not considered experienced ( 2.3 years average tenure), which suggests a new board.


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 25.1%.


Top Shareholders

Company Information

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


Key Information

  • Name: Volt Resources Limited
  • Ticker: VRC
  • Exchange: ASX
  • Founded: 2003
  • Industry: Diversified Metals and Mining
  • Sector: Materials
  • Market Cap: AU$79.433m
  • Shares outstanding: 2.65b
  • Website: https://www.voltresources.com

Location

  • Volt Resources Limited
  • 108 St. Georges Terrace
  • Level 25
  • Perth
  • Western Australia
  • 6000
  • Australia

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/26 16:17
End of Day Share Price2021/10/26 00:00
Earnings2021/06/30
Annual Earnings2021/06/30


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.