TSXV:SLS

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Solaris Resources

Executive Summary

Solaris Resources Inc., engages in acquisition, exploration, and development of mineral properties. More Details


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

1.8%

CA Metals and Mining

-0.2%

CA Market


1 Year Return

n/a

SLS

33.7%

CA Metals and Mining

1.4%

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

SLSIndustryMarket
7 Day1.5%1.8%-0.2%
30 Day13.8%-0.6%2.8%
90 Day44.1%-2.3%12.4%
1 Yearn/a34.8%33.7%5.0%1.4%
3 Yearn/a39.7%36.7%13.4%2.7%
5 Yearn/a161.5%153.1%59.7%35.2%

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

Valuation

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

NamePositionTenureCompensationOwnership
Daniel Earle
President1.17yrsUS$475.38k3.58%
$ 25.2m
Linda Chang
Chief Financial Officer1.17yrsUS$211.30k0.059%
$ 418.7k
Federico Velásquez
Vice President of Operations & Corporate Affairs1.33yrsUS$237.19k0.012%
$ 84.5k
Jorge Fierro
Vice President of Exploration6yrsUS$249.45kno data
Richard Warke
Executive Chairman1yrno data26.18%
$ 184.3m
Jacqueline Wagenaar
Vice President of Investor Relations1.17yrsno data0.14%
$ 1.0m
Tom Ladner
Vice President of Legal0.17yrno datano data
Purni Parikh
Senior VP of Corporate Affairs & Corporate Secretary1.17yrsno data0.45%
$ 3.1m
Chad Wolahan
Vice Presidentno datano datano 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

NamePositionTenureCompensationOwnership
Daniel Earle
President1.17yrsUS$475.38k3.58%
$ 25.2m
Richard Warke
Executive Chairman1yrno data26.18%
$ 184.3m
Gregory Smith
Director2.5yrsUS$139.55k0.32%
$ 2.2m
Donald Taylor
Independent Non-Executive Director1yrno data0.13%
$ 881.4k
Ronald Walsh
Independent Director0.83yrno data0.038%
$ 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

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
SLSTSXV (TSX Venture Exchange)YesCommon SharesCACADJul 2020
SLSS.FOTCPK (Pink Sheets LLC)YesCommon SharesUSUSDJul 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

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/01/23 23:17
End of Day Share Price2021/01/22 00:00
Earnings2020/09/30
Annual Earnings2019/12/31


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.