company background image

Asiamet Resources AIM:ARS Stock Report

Last Price


Market Cap







13 Aug, 2022


Company Financials
ARS fundamental analysis
Snowflake Score
Future Growth0/6
Past Performance0/6
Financial Health6/6

ARS Stock Overview

Asiamet Resources Limited, together with its subsidiaries, engages in the exploration and development of mineral properties in Indonesia.

Asiamet Resources Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Asiamet Resources
Historical stock prices
Current Share PriceUK£0.012
52 Week HighUK£0.033
52 Week LowUK£0.01
1 Month Change-6.00%
3 Month Change-41.98%
1 Year Change-46.59%
3 Year Change-67.59%
5 Year Change-78.24%
Change since IPO-92.17%

Recent News & Updates

Jun 17
Here's Why We're Watching Asiamet Resources' (LON:ARS) Cash Burn Situation

Here's Why We're Watching Asiamet Resources' (LON:ARS) Cash Burn Situation

We can readily understand why investors are attracted to unprofitable companies. For example, biotech and mining...

Shareholder Returns

ARSGB Metals and MiningGB Market

Return vs Industry: ARS underperformed the UK Metals and Mining industry which returned -13.4% over the past year.

Return vs Market: ARS underperformed the UK Market which returned -7.8% over the past year.

Price Volatility

Is ARS's price volatile compared to industry and market?
ARS volatility
ARS Average Weekly Movement6.6%
Metals and Mining Industry Average Movement7.7%
Market Average Movement5.4%
10% most volatile stocks in GB Market10.8%
10% least volatile stocks in GB Market2.7%

Stable Share Price: ARS is not significantly more volatile than the rest of UK stocks over the past 3 months, typically moving +/- 7% a week.

Volatility Over Time: ARS's weekly volatility (7%) has been stable over the past year.

About the Company

2017n/aDarryn McClelland

Asiamet Resources Limited, together with its subsidiaries, engages in the exploration and development of mineral properties in Indonesia. The company explores for copper, gold, zinc, lead, and silver deposits. Its flagship project is the BKM copper project, which covers an area of 390 square kilometers located in Kalimantan.

Asiamet Resources Fundamentals Summary

How do Asiamet Resources's earnings and revenue compare to its market cap?
ARS fundamental statistics
Market CapUS$27.68m
Earnings (TTM)-US$5.88m
Revenue (TTM)n/a


P/S Ratio


P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
ARS income statement (TTM)
Cost of RevenueUS$0
Gross ProfitUS$0
Other ExpensesUS$5.88m

Last Reported Earnings

Dec 31, 2021

Next Earnings Date


Earnings per share (EPS)-0.003
Gross Margin0.00%
Net Profit Margin0.00%
Debt/Equity Ratio0%

How did ARS perform over the long term?

See historical performance and comparison
We’ve recently updated our valuation analysis.


Is ARS undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score


Valuation Score 1/6

  • Price-To-Book vs Peers

  • Price-To-Book vs Industry

  • Price-To-Book vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

Which metric is best to use when looking at relative valuation for ARS?

Other financial metrics that can be useful for relative valuation.

ARS key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenuen/a
Enterprise Value/EBITDA-3.4x
PEG Ration/a

Price to Book Ratio vs Peers

How does ARS's PB Ratio compare to its peers?

ARS PB Ratio vs Peers
The above table shows the PB ratio for ARS vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPBEstimated GrowthMarket Cap
Peer Average5.8x
KEFI KEFI Gold and Copper
LND Landore Resources
MTL Metals Exploration
KDNC Cadence Minerals
ARS Asiamet Resources

Price-To-Book vs Peers: ARS is good value based on its Price-To-Book Ratio (3.7x) compared to the peer average (5.8x).

Price to Earnings Ratio vs Industry

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

Price-To-Book vs Industry: ARS is expensive based on its Price-To-Book Ratio (3.7x) compared to the UK Metals and Mining industry average (1.2x)

Price to Book Ratio vs Fair Ratio

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

ARS PB Ratio vs Fair Ratio.
Fair Ratio
Current PB Ratio3.7x
Fair PB Ration/a

Price-To-Book vs Fair Ratio: Insufficient data to calculate ARS's Price-To-Book Fair Ratio for valuation analysis.

Share Price vs Fair Value

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

Below Fair Value: Insufficient data to calculate ARS's fair value for valuation analysis.

Significantly Below Fair Value: Insufficient data to calculate ARS's fair value for valuation analysis.

Analyst Price Targets

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

Analyst Forecast: Insufficient data to show price forecast.

Discover undervalued companies

Future Growth

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

Future Growth Score


Future Growth Score 0/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


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 Asiamet 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.

Discover growth companies

  • Examine Asiamet Resources's financial health to determine how well-positioned it is against times of financial stress by looking at its level of debt over time and how much cash it has left.
  • Asiamet Resources competitive advantages and company strategy can generally be found in its financial reports archived here.

Past Performance

How has Asiamet Resources performed over the past 5 years?

Past Performance Score


Past Performance Score 0/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: ARS is currently unprofitable.

Growing Profit Margin: ARS is currently unprofitable.

Past Earnings Growth Analysis

Earnings Trend: ARS is unprofitable, but has reduced losses over the past 5 years at a rate of 13.4% per year.

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

Earnings vs Industry: ARS is unprofitable, making it difficult to compare its past year earnings growth to the Metals and Mining industry (9.8%).

Return on Equity

High ROE: ARS has a negative Return on Equity (-81.33%), as it is currently unprofitable.

Discover strong past performing companies

Financial Health

How is Asiamet Resources's financial position?

Financial Health Score


Financial Health Score 6/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Stable Cash Runway

  • Forecast Cash Runway

Financial Position Analysis

Short Term Liabilities: ARS's short term assets ($9.1M) exceed its short term liabilities ($981.0K).

Long Term Liabilities: ARS's short term assets ($9.1M) exceed its long term liabilities ($794.0K).

Debt to Equity History and Analysis

Debt Level: ARS is debt free.

Reducing Debt: ARS has no debt compared to 5 years ago when its debt to equity ratio was 14.7%.

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: ARS has sufficient cash runway for more than a year based on its current free cash flow.

Forecast Cash Runway: ARS has sufficient cash runway for 1.2 years if free cash flow continues to reduce at historical rates of 1.8% each year.

Discover healthy companies


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

Dividend Score


Dividend Score 0/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage

Dividend Yield vs Market

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

High Dividend: Unable to evaluate ARS'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 ARS's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if ARS's dividend payments have been increasing.

Earnings Payout to Shareholders

Earnings Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.

Cash Payout to Shareholders

Cash Flow Coverage: Unable to calculate sustainability of dividends as ARS has not reported any payouts.

Discover strong dividend paying companies


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


Average management tenure


Darryn McClelland



Mr. Darryn McClelland serves as Chief Executive Officer of Asiamet Resources Limited since June 13, 2022. He serves as Chief Operating Officer for PT Agincourt Resources leading the operational and explora...

Leadership Team

Experienced Management: ARS's management team is considered experienced (4 years average tenure).

Board Members

Experienced Board: ARS's board of directors are considered experienced (5.9 years average tenure).


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

Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.

Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.

Top Shareholders

Company Information

Asiamet Resources Limited's employee growth, exchange listings and data sources

Key Information

  • Name: Asiamet Resources Limited
  • Ticker: ARS
  • Exchange: AIM
  • Founded: 2017
  • Industry: Diversified Metals and Mining
  • Sector: Materials
  • Implied Market Cap: UK£22.833m
  • Shares outstanding: 1.94b
  • Website:


  • Asiamet Resources Limited
  • Gedung Graha Simatupang
  • 7th Floor
  • Jakarta
  • Jakarta Raya
  • Indonesia


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/08/13 00:00
End of Day Share Price2022/08/12 00:00
Annual Earnings2021/12/31

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.