Executive Summary
Solaris Resources Inc., engages in acquisition, exploration, and development of mineral properties. More Details
Risk Analysis
Earnings are forecast to decline by an average of 47% per year for the next 3 years
Currently unprofitable and not forecast to become profitable over the next 3 years
Snowflake Analysis
Flawless balance sheet with weak fundamentals.
Share Price & News
How has Solaris Resources's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: SLS is not significantly more volatile than the rest of Canadian stocks over the past 3 months, typically moving +/- 8% a week.
Volatility Over Time: SLS's weekly volatility (8%) has been stable over the past year.
Market Performance
7 Day Return
1.5%
SLS
1.9%
CA Metals and Mining
-0.2%
CA Market
1 Year Return
n/a
SLS
33.4%
CA Metals and Mining
1.5%
CA Market
Return vs Industry: Insufficient data to determine how SLS performed against the Canadian Metals and Mining industry.
Return vs Market: Insufficient data to determine how SLS performed against the Canadian Market.
Shareholder returns
| SLS | Industry | Market | |
|---|---|---|---|
| 7 Day | 1.5% | 1.9% | -0.2% |
| 30 Day | 13.8% | -0.6% | 2.7% |
| 90 Day | 44.1% | -2.4% | 12.5% |
| 1 Year | n/a | 34.6%33.4% | 5.2%1.5% |
| 3 Year | n/a | 39.6%36.6% | 13.5%2.7% |
| 5 Year | n/a | 161.0%152.6% | 60.0%35.5% |
Long-Term Price Volatility Vs. Market
How volatile is Solaris Resources's share price compared to the market and industry in the last 5 years?
Simply Wall St News
2 weeks ago | Simply Wall St
The Executive Chairman of Solaris Resources Inc. (CVE:SLS), Richard Warke, Just Bought 32% More Shares1 month ago | Simply Wall St
We're Not Very Worried About Solaris Resources' (CVE:SLS) Cash Burn Rate2 months ago | Simply Wall St
The Executive Chairman of Solaris Resources Inc. (CVE:SLS), Richard Warke, Just Bought 5.0% More SharesValuation
Is Solaris Resources undervalued compared to its fair value and its price relative to the market?
17.42x
Price to Book (PB) ratio
Share Price vs. Fair Value
Below Fair Value: Insufficient data to calculate SLS's fair value to establish if it is undervalued.
Significantly Below Fair Value: Insufficient data to calculate SLS's fair value to establish if it is undervalued.
Price To Earnings Ratio
PE vs Industry: SLS is unprofitable, so we can't compare its PE Ratio to the CA Metals and Mining industry average.
PE vs Market: SLS 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 SLS's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: SLS is overvalued based on its PB Ratio (17.4x) compared to the CA Metals and Mining industry average (3x).
Next Steps
Future Growth
How is Solaris Resources forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?
-47.0%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: SLS is forecast to remain unprofitable over the next 3 years.
Earnings vs Market: SLS is forecast to remain unprofitable over the next 3 years.
High Growth Earnings: SLS is forecast to remain unprofitable over the next 3 years.
Revenue vs Market: Insufficient data to determine if SLS's revenue is forecast to grow faster than the Canadian market.
High Growth Revenue: Insufficient data to determine if SLS's revenue is forecast to grow faster than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: Insufficient data to determine if SLS's Return on Equity is forecast to be high in 3 years time
Next Steps
Past Performance
How has Solaris Resources performed over the past 5 years?
-514.9%
Last years earnings growth
Earnings and Revenue History
Quality Earnings: SLS is currently unprofitable.
Growing Profit Margin: SLS is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: Insufficient data to determine if SLS's year-on-year earnings growth rate was positive over the past 5 years.
Accelerating Growth: Unable to compare SLS's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: SLS is unprofitable, making it difficult to compare its past year earnings growth to the Metals and Mining industry (78.3%).
Return on Equity
High ROE: SLS has a negative Return on Equity (-35.64%), as it is currently unprofitable.
Next Steps
Financial Health
How is Solaris Resources's financial position?
Financial Position Analysis
Short Term Liabilities: SLS's short term assets ($17.7M) exceed its short term liabilities ($3.1M).
Long Term Liabilities: SLS's short term assets ($17.7M) exceed its long term liabilities ($544.0K).
Debt to Equity History and Analysis
Debt Level: SLS is debt free.
Reducing Debt: SLS has not had any debt for 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: SLS has sufficient cash runway for more than a year based on its current free cash flow.
Forecast Cash Runway: SLS has sufficient cash runway for 1.4 years if free cash flow continues to reduce at historical rates of 51.8% each year.
Next Steps
Dividend
What is Solaris Resources's current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Notable Dividend: Unable to evaluate SLS's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate SLS'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 SLS's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if SLS'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 SLS'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?
1.2yrs
Average management tenure
CEO
Dan Earle
1.17yrs
Tenure
US$475,384
Compensation
Mr. Daniel Earle, also known as Dan, serves as Director of Bullfrog Gold Corporation since October 26, 2020. He is a President, CEO and a Director at Solaris Resources Inc. He joined the firm in November 2...
CEO Compensation Analysis
Compensation vs Market: Dan's total compensation ($USD475.38K) is below average for companies of similar size in the Canadian market ($USD790.06K).
Compensation vs Earnings: Insufficient data to compare Dan's compensation with company performance.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 1.17yrs | US$475.38k | 3.58% $ 25.2m | |
| Chief Financial Officer | 1.17yrs | US$211.30k | 0.059% $ 418.7k | |
| Vice President of Operations & Corporate Affairs | 1.33yrs | US$237.19k | 0.012% $ 84.5k | |
| Vice President of Exploration | 6yrs | US$249.45k | no data | |
| Executive Chairman | 1yr | no data | 26.18% $ 184.3m | |
| Vice President of Investor Relations | 1.17yrs | no data | 0.14% $ 1.0m | |
| Vice President of Legal | 0.17yr | no data | no data | |
| Senior VP of Corporate Affairs & Corporate Secretary | 1.17yrs | no data | 0.45% $ 3.1m | |
| Vice President | no data | no data | no data |
1.2yrs
Average Tenure
54yo
Average Age
Experienced Management: SLS's management team is not considered experienced ( 1.2 years average tenure), which suggests a new team.
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 1.17yrs | US$475.38k | 3.58% $ 25.2m | |
| Executive Chairman | 1yr | no data | 26.18% $ 184.3m | |
| Director | 2.5yrs | US$139.55k | 0.32% $ 2.2m | |
| Independent Non-Executive Director | 1yr | no data | 0.13% $ 881.4k | |
| Independent Director | 0.83yr | no data | 0.038% $ 268.0k |
1.0yrs
Average Tenure
60yo
Average Age
Experienced Board: SLS's board of directors are not considered experienced ( 1 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: SLS insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Ownership Breakdown
Dilution of Shares: SLS only recently listed within the past 12 months.
Top Shareholders
Company Information
Solaris Resources Inc.'s company bio, employee growth, exchange listings and data sources
Key Information
- Name: Solaris Resources Inc.
- Ticker: SLS
- Exchange: TSXV
- Founded: 2018
- Industry: Diversified Metals and Mining
- Sector: Materials
- Market Cap: CA$703.869m
- Shares outstanding: 105.06m
- Website: https://www.solarisresources.com
Location
- Solaris Resources Inc.
- 999 Canada Place
- Suite 555
- Vancouver
- British Columbia
- V6C 3E1
- Canada
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| SLS | TSXV (TSX Venture Exchange) | Yes | Common Shares | CA | CAD | Jul 2020 |
| SLSS.F | OTCPK (Pink Sheets LLC) | Yes | Common Shares | US | USD | Jul 2020 |
Biography
Solaris Resources Inc., engages in acquisition, exploration, and development of mineral properties. It focuses on exploring copper, molybdenum, gold, lead, zinc, and silver. The company primarily holds int...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/01/23 23:17 |
| End of Day Share Price | 2021/01/22 00:00 |
| Earnings | 2020/09/30 |
| Annual Earnings | 2019/12/31 |
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.