Eros Resources Corp. engages in the identification, acquisition, exploration, and development of mineral, and oil and gas resource properties in North America.
Undervalued with excellent balance sheet.
Share Price & News
How has Eros Resources's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: ERC's share price has been volatile over the past 3 months.
7 Day Return
CA Metals and Mining
1 Year Return
CA Metals and Mining
Return vs Industry: ERC exceeded the Canadian Metals and Mining industry which returned 31.4% over the past year.
Return vs Market: ERC exceeded the Canadian Market which returned -12.4% over the past year.
Price Volatility Vs. Market
How volatile is Eros Resources's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 month ago | Simply Wall StWe're Not So Sure You Should Rely on Eros Resources's (CVE:ERC) Statutory Earnings
2 months ago | Simply Wall StVolatility 101: Should Eros Resources (CVE:ERC) Shares Have Dropped 44%?
3 months ago | Simply Wall StCan We See Significant Insider Ownership On The Eros Resources Corp. (CVE:ERC) Share Register?
Is Eros Resources undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: ERC (CA$0.1) is trading below our estimate of fair value (CA$1.74)
Significantly Below Fair Value: ERC is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: ERC is good value based on its PE Ratio (2.3x) compared to the Metals and Mining industry average (24.4x).
PE vs Market: ERC is good value based on its PE Ratio (2.3x) compared to the Canadian market (13.1x).
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate ERC's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: ERC is good value based on its PB Ratio (0.7x) compared to the CA Metals and Mining industry average (2.2x).
How is Eros Resources forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
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 Eros 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.
- Examine whether Eros Resources is trading at an attractive price based on how much it is expected to earn in the future, and relative to its industry peers and the wider market.
- Eros Resources competitive advantages and company strategy can generally be found in its financial reports archived here.
- Explore growth companies in the Materials industry.
How has Eros Resources performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: ERC has a high level of non-cash earnings.
Growing Profit Margin: ERC became profitable in the past.
Past Earnings Growth Analysis
Earnings Trend: ERC has become profitable over the past 5 years, growing earnings by 4.7% per year.
Accelerating Growth: ERC has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.
Earnings vs Industry: ERC has become profitable in the last year, making it difficult to compare its past year earnings growth to the Metals and Mining industry (18.3%).
Return on Equity
High ROE: ERC's Return on Equity (31.4%) is considered high.
How is Eros Resources's financial position?
Financial Position Analysis
Short Term Liabilities: ERC's short term assets (CA$1.3M) exceed its short term liabilities (CA$462.3K).
Long Term Liabilities: ERC's short term assets (CA$1.3M) do not cover its long term liabilities (CA$2.8M).
Debt to Equity History and Analysis
Debt Level: ERC is debt free.
Reducing Debt: ERC has not had any debt for past 5 years.
Debt Coverage: ERC has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: ERC has no debt, therefore coverage of interest payments is not a concern.
What is Eros Resources's current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Notable Dividend: Unable to evaluate ERC's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate ERC's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if ERC's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if ERC's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of ERC's dividend in 3 years as they are not forecast to pay a notable one for the Canadian market.
How experienced are the management team and are they aligned to shareholders interests?
Average board tenure
Ron Netolitzky (78yo)
Mr. Ronald Kort Netolitzky, also known as Ron, M.Sc. (Geology), P.Geo., has been President and Chief Executive Officer at Eros Resources Corp. since January 16, 2018 and also its Director. Mr. Netolitzky h ...
CEO Compensation Analysis
Compensation vs Market: Ron's total compensation ($USD0.00) is below average for companies of similar size in the Canadian market ($USD173.28K).
Compensation vs Earnings: Ron's compensation has been consistent with company performance over the past year.
|Independent Chairman of the Board||2.5yrs||CA$12.00k||0.083% CA$4.0k|
|Independent Director||6.67yrs||CA$12.00k||no data|
Experienced Board: ERC's board of directors are considered experienced (6.3 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: ERC insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Eros Resources Corp.'s company bio, employee growth, exchange listings and data sources
- Name: Eros Resources Corp.
- Ticker: ERC
- Exchange: TSXV
- Industry: Diversified Metals and Mining
- Sector: Materials
- Market Cap: CA$4.845m
- Shares outstanding: 48.45m
- Website: https://www.erosresourcescorp.com
- Eros Resources Corp.
- 789 West Pender Street
- Suite 420
- British Columbia
- V6C 1H2
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|ERC||TSXV (TSX Venture Exchange)||Yes||Common Shares||CA||CAD||Jun 2007|
|BPUZ.F||OTCPK (Pink Sheets LLC)||Yes||Common Shares||US||USD||Jun 2007|
|6BP||DB (Deutsche Boerse AG)||Yes||Common Shares||DE||EUR||Jun 2007|
Eros Resources Corp. engages in the identification, acquisition, exploration, and development of mineral, and oil and gas resource properties in North America. The company explores for gold, silver, and uranium deposits. Its principal property is the Bell Mountain project, which consists of 174 unpatented lode claims covering a land package of 1,463 hectares located to the southeast of Reno, Nevada. The company was formerly known as Boss Power Corp. and changed its name to Eros Resources Corp. in July 2015. Eros Resources Corp. is based in Vancouver, Canada.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/07/05 00:07|
|End of Day Share Price||2020/07/03 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.