TSXV:ELO

Stock Analysis Report

Executive Summary

Eloro Resources Ltd. engages in the exploration and development of gold and base metal properties.


Snowflake Analysis

Mediocre balance sheet with weak fundamentals.

Share Price & News

How has Eloro Resources's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: ELO has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

7.9%

ELO

3.5%

CA Metals and Mining

-1.5%

CA Market


1 Year Return

20.6%

ELO

6.8%

CA Metals and Mining

2.5%

CA Market

Return vs Industry: ELO exceeded the Canadian Metals and Mining industry which returned 6.8% over the past year.

Return vs Market: ELO exceeded the Canadian Market which returned 2.5% over the past year.


Shareholder returns

ELOIndustryMarket
7 Day7.9%3.5%-1.5%
30 Day0%5.0%-0.7%
90 Day105.0%14.3%1.8%
1 Year20.6%20.6%7.5%6.8%5.7%2.5%
3 Year-42.3%-42.3%2.8%1.0%16.8%6.2%
5 Year134.3%134.3%29.1%25.4%32.0%12.8%

Price Volatility Vs. Market

How volatile is Eloro Resources's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

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

3.31x

Price to Book (PB) ratio


Share Price vs. Fair Value

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

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


Price To Earnings Ratio

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

PE vs Market: ELO is unprofitable, so we can't compare its PE Ratio to the Canadian market.


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: ELO is overvalued based on its PB Ratio (3.3x) compared to the CA Metals and Mining industry average (1.6x).


Next Steps

Future Growth

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

13.0%

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 Eloro 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.


Next Steps

Past Performance

How has Eloro Resources performed over the past 5 years?

50.3%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: ELO is currently unprofitable.

Growing Profit Margin: ELO is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: ELO is unprofitable, but has reduced losses over the past 5 years at a rate of 50.3% per year.

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

Earnings vs Industry: ELO is unprofitable, making it difficult to compare its past year earnings growth to the Metals and Mining industry (11.9%).


Return on Equity

High ROE: ELO has a negative Return on Equity (-15.01%), as it is currently unprofitable.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is Eloro Resources's financial position?


Financial Position Analysis

Short Term Liabilities: ELO's short term assets (CA$173.2K) do not cover its short term liabilities (CA$578.2K).

Long Term Liabilities: ELO's short term assets (CA$173.2K) exceed its long term liabilities (CA$56.3K).


Debt to Equity History and Analysis

Debt Level: ELO is debt free.

Reducing Debt: ELO has no debt compared to 5 years ago when its debt to equity ratio was 557.9%.


Balance Sheet

Inventory Level: ELO has a high level of physical assets or inventory.

Debt Coverage by Assets: Insufficient data to determine if ELO's debt is covered by short term assets.


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: ELO has less than a year of cash runway based on its current free cash flow.

Forecast Cash Runway: Insufficient data to determine if ELO has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.


Next Steps

Dividend

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


Dividend Yield vs Market

companyn/amarketbottom25%2.0%markettop25%5.6%industryaverage1.2%forecastin3Yearsn/a

Current dividend yield vs market & industry

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

High Dividend: Unable to evaluate ELO's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if ELO's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if ELO'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 ELO's dividend in 3 years as they are not forecast to pay a notable one for the Canadian market.


Next Steps

Management

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

15.9yrs

Average management tenure


CEO

Tom Larsen (64yo)

23.1yrs

Tenure

CA$96,000

Compensation

Mr. Thomas G. Larsen, also known as Tom, B.A., has been Chief Executive Officer of Cartier Iron Corporation since September 24, 2014. Mr. Larsen has been the Chief Executive Officer of Eloro Resources Ltd. ...


CEO Compensation Analysis

Compensation vs Market: Tom's total compensation ($USD72.33K) is below average for companies of similar size in the Canadian market ($USD154.48K).

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


Leadership Team

NamePositionTenureCompensationOwnership
Thomas Larsen
Chairman23.1yrsCA$96.00k5.61% CA$914.3k
Miles Nagamatsu
Chief Financial Officer23.1yrsCA$60.00k3.44% CA$561.1k
Alexander Horvath
CTO & Director10.1yrsno data0.75% CA$123.0k
Salisha Hosein
Director of Investor Relations8.8yrsno datano data
Jorge Estepa
VP, Secretary & Treasurer0yrsno data3.91% CA$637.8k
Graham Speirs
Technical Advisor & Member of Advisory Board0yrsno datano data

15.9yrs

Average Tenure

63yo

Average Age

Experienced Management: ELO's management team is seasoned and experienced (15.9 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Thomas Larsen
Chairman23.1yrsCA$96.00k5.61% CA$914.3k
Alexander Horvath
CTO & Director10.1yrsno data0.75% CA$123.0k
Graham Speirs
Technical Advisor & Member of Advisory Board0yrsno datano data
Francis Sauve
Independent Director18.1yrsno data3.51% CA$572.2k
Dušan Berka
Independent Director8.6yrsno data0.93% CA$151.0k
Richard Stone
Independent Director3.1yrsno data0.51% CA$83.8k
Chris Holden
Member of Corporate Advisory Board0yrsno datano data
Doug Bache
Member of Corporate Advisory Board0yrsno datano data

10.1yrs

Average Tenure

63yo

Average Age

Experienced Board: ELO's board of directors are seasoned and experienced ( 10.1 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: ELO 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 7.4%.


Top Shareholders

Company Information

Eloro Resources Ltd.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Eloro Resources Ltd.
  • Ticker: ELO
  • Exchange: TSXV
  • Founded: 1985
  • Industry: Diversified Metals and Mining
  • Sector: Materials
  • Market Cap: CA$16.294m
  • Shares outstanding: 39.74m
  • Website: https://www.elororesources.com

Location

  • Eloro Resources Ltd.
  • 20 Adelaide Street East
  • Suite 200
  • Toronto
  • Ontario
  • M5C 2T6
  • Canada

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
ELOTSXV (TSX Venture Exchange)YesCommon SharesCACADOct 2000
P2QMDB (Deutsche Boerse AG)YesCommon SharesDEEUROct 2000
ELRR.FOTCPK (Pink Sheets LLC)YesCommon SharesUSUSDOct 2000

Biography

Eloro Resources Ltd. engages in the exploration and development of gold and base metal properties. It holds an 82% interest in the La Victoria, a gold-silver property that consists of 16 mineral concessions covering an area of 8,933 hectares located in the North-Central Mineral Belt of Peru. The company also holds interest in various projects that comprise gold, silver, copper, and zinc deposits in Québec, Canada. The company also holds an option to acquire the Iska Iska Polymetallic Property, a silver, zinc, lead, gold, copper, bismuth, and indium property located in Potosi Department, Southern Bolivia. Eloro Resources Ltd. was incorporated in 1985 and is based in Toronto, Canada. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/02/24 23:54
End of Day Share Price2020/02/24 00:00
Earnings2019/09/30
Annual Earnings2019/03/31


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.