How does ALK's PE Ratio compare to its peers?

ALK is good value based on its Price-To-Earnings Ratio (17.3x) compared to the peer average (36.9x).

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

ALK is expensive based on its Price-To-Earnings Ratio (17.3x) compared to the Australian Metals and Mining industry average (11.9x).

What is ALK's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

ALK is good value based on its Price-To-Earnings Ratio (17.3x) compared to the estimated Fair Price-To-Earnings Ratio (23x).

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

ALK (A$0.5) is trading below our estimate of [[fair value]] (A$10.93)

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Target price is more than 20% higher than the current share price, but analysts are not within a statistically confident range of agreement.

Alkane Resources (CHIA:ALK) - Stock Price, News & Analysis

ALK Stock Overview

Operates as a gold exploration and production company in Australia. More details

ALK fundamental analysis
Snowflake Score
Valuation	4/6
Future Growth	5/6
Past Performance	1/6
Financial Health	5/6
Dividends	0/6

Rewards

Trading at 95.4% below our estimate of its fair value

Earnings are forecast to grow 36.33% per year

Risk Analysis

High level of non-cash earnings

Profit margins (10.2%) are lower than last year (22.3%)

Alkane Resources Ltd Competitors

Tribune Resources

ASX:TBR

AU$250.3m

Ten Sixty Four

ASX:X64

AU$129.9m

Resolute Mining

ASX:RSG

AU$851.6m

Beacon Minerals

ASX:BCN

AU$86.4m

Price History & Performance

Summary of all time highs, changes and price drops for Alkane Resources
Historical stock prices
Current Share Price	AU$0.50
52 Week High	AU$0.73
52 Week Low	AU$0.38
Beta	0.83
11 Month Change	-16.67%
3 Month Change	20.48%
1 Year Change	-23.08%
33 Year Change	-38.65%
5 Year Change	-16.67%
Change since IPO	61.29%

Recent updates

Shareholder Returns

	ALK	AU Metals and Mining	AU Market
7D	2.6%	0.1%	1.2%
1Y	-23.1%	-9.9%	19.7%

Return vs Industry: ALK underperformed the Australian Metals and Mining industry which returned -10.8% over the past year.

Return vs Market: ALK underperformed the Australian Market which returned 18.4% over the past year.

Price Volatility

Is ALK's price volatile compared to industry and market?
ALK volatility
ALK Average Weekly Movement	7.5%
Metals and Mining Industry Average Movement	11.0%
Market Average Movement	8.6%
10% most volatile stocks in AU Market	17.5%
10% least volatile stocks in AU Market	3.2%

Stable Share Price: ALK has not had significant price volatility in the past 3 months compared to the Australian market.

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

About the Company

Founded	Employees	CEO	Website
1969	n/a	Nic Earner	www.alkane.com.au

Alkane Resources Ltd operates as a gold exploration and production company in Australia. The company explores for gold, copper, nickel, zinc, and silver deposits. It also invests in junior gold mining companies and projects.

Alkane Resources Ltd Fundamentals Summary

How do Alkane Resources's earnings and revenue compare to its market cap?
ALK fundamental statistics
Market cap	AU$305.56m
Earnings (TTM)	AU$17.68m
Revenue (TTM)	AU$172.99m

17.3x

P/E Ratio

1.8x

P/S Ratio

Is ALK overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
ALK income statement (TTM)
Revenue	AU$172.99m
Cost of Revenue	AU$138.54m
Gross Profit	AU$34.45m
Other Expenses	AU$16.77m
Earnings	AU$17.68m

Last Reported Earnings

Jun 30, 2024

Next Earnings Date

n/a

Earnings per share (EPS)	0.029
Gross Margin	19.91%
Net Profit Margin	10.22%
Debt/Equity Ratio	0%

How did ALK perform over the long term?

See historical performance and comparison

ALK Stock Overview

Rewards

Risk Analysis

Alkane Resources Ltd Competitors

ASX:TBR

AU$250.3m

ASX:X64

AU$129.9m

ASX:RSG

AU$851.6m

ASX:BCN

AU$86.4m

Price History & Performance

Recent News & Updates

Alkane Resources Ltd Announces Joint Company Secretary Changes

Alkane Resources Ltd, Annual General Meeting, Nov 26, 2024

Full year 2024 earnings released: EPS: AU$0.029 (vs AU$0.071 in FY 2023)

MD & Executive Director recently bought AU$75k worth of stock

First half 2024 earnings released: EPS: AU$0.021 (vs AU$0.041 in 1H 2023)

New major risk - Earnings quality

Recent updates

Alkane Resources Ltd Announces Joint Company Secretary Changes

Alkane Resources Ltd, Annual General Meeting, Nov 26, 2024

Full year 2024 earnings released: EPS: AU$0.029 (vs AU$0.071 in FY 2023)

MD & Executive Director recently bought AU$75k worth of stock

First half 2024 earnings released: EPS: AU$0.021 (vs AU$0.041 in 1H 2023)

New major risk - Earnings quality

Alkane Resources Limited, Annual General Meeting, Nov 21, 2023

Alkane Resources Limited Reports Ore Reserves and Mineral Resources for the Tomingley Gold Project (TDP) Which Includes the Tomingley Gold Operations

Full year 2023 earnings released: EPS: AU$0.071 (vs AU$0.12 in FY 2022)

Alkane Resources Limited (ASX:ALK) completed the acquisition of Two tenement packages in New South Wales from Sandfire Resources Limited (ASX:SFR).

First half 2023 earnings released: EPS: AU$0.041 (vs AU$0.081 in 1H 2022)

Alkane Resources Limited Provides Production Guidance for the Fiscal Year 2023

Alkane Resources Limited Announces Further Results from Its Drilling Program At the Company's Northern Molong Porphyry Project in Central New South Wales

Alkane Resources Limited Announces Significant Gold Intercepts Outside Resource At Tomingley

Insufficient new directors

Alkane Resources Limited Announces Further Results from Its Drilling Program At Its Northern Molong Porphyry Project in Central New South Wales

Alkane Resources Limited, Annual General Meeting, Nov 28, 2022

Alkane Resources Limited Reports Ore Reserves and Mineral Resources for the Tomingley Gold Project

Alkane Resources Limited Announces Results from Initial Resource Drilling Program at the Company's Kaiser Prospect in Central New South Wales

Full year 2022 earnings released: EPS: AU$0.12 (vs AU$0.056 in FY 2021)

Alkane Resources Limited Announces First Set of Results from its Initial Resource Drilling Program at its Kaiser Prospect in Central New South Wales

Alkane Resources Limited Announces First Set of Results from its Initial Resource Drilling Program at its Kaiser Prospect in Central New South Wales

Alkane Resources Limited Announces That Tomingley Gold Operations in Central West New South Wales Has Exceeded Its Fy2022 Production Guidance

Alkane Resources Limited Announces Boda Resource Estimate of Approx 10.1M Gold Eq Ounces

Investor sentiment improved over the past week

Insufficient new directors

Investor sentiment improved over the past week

Alkane Resources Limited Announces the Final Set of Results from Its Initial Resource Drilling Program At the Boda Prospect in Central New South Wales

Investor sentiment improved over the past week

First half 2022 earnings: EPS in line with expectations, revenues disappoint

Alkane Resources Limited Announces an Update to its Drilling Program At Boda Prospect in Central New South Wales

Alkane Resources Limited Announces Intersection of Further High-Grade Mineralisation at the Company's Boda Prospect in Central New South Wales

Full year 2021 earnings released: EPS AU$0.056 (vs AU$0.024 in FY 2020)

Alkane Resources Limited Announces the Life of Mine (Lom) Plan

Alkane Resources Limited Provides Update on Northern Molong Porphyry Drilling

First half 2021 earnings released: EPS AU$0.028 (vs AU$0.015 in 1H 2020)

New 90-day low: AU$0.78

Alkane Resources Limited Announces Final Assays Received for Resource Drilling At San Antonio

New 90-day low: AU$0.84

Alkane Resources Limited Announces Intersection of Further High-Grade Mineralisation At Boda Prospect in Central New South Wales

Alkane Resources Limited Provides Resource Drilling Update for San Antonio

New 90-day low: AU$0.93

Sky Metals Limited (ASX:SKY) agreed to acquire The Galwadgere project from Alkane Resources Limited (ASX:ALK) for AUD 1.2 million.

New 90-day low: AU$1.02

Market pulls back on stock over the past week

Alkane Resources Limited Announces Significant Expansion to Mineralisation at Boda

Alkane Resources Limited Announces Updated Roswell Resource Lifts by 50% to 660,000OZ

New 90-day high: AU$1.36

Earnings released

Alkane Resources Limited (ASX:ALK) completed the spin-off of Australian Strategic Materials Ltd.

New 90-day high - AU$1.31

Alkane Resources Limited(ASX:ALK) dropped from S&P/ASX Emerging Companies Index

Shareholder Returns

Price Volatility

About the Company

Alkane Resources Ltd Fundamentals Summary

17.3x

1.8x

Earnings & Revenue