AIM:KRS

Stock Analysis Report

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Executive Summary

Keras Resources Plc engages in the exploration, evaluation, and development of mineral properties in West Africa.


Snowflake Analysis

Flawless balance sheet and overvalued.

Share Price & News

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


Latest Share Price and Events

Stable Share Price: KRS's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

0%

KRS

-0.5%

GB Metals and Mining

1.8%

GB Market


1 Year Return

-57.1%

KRS

-6.1%

GB Metals and Mining

-12.2%

GB Market

Return vs Industry: KRS underperformed the UK Metals and Mining industry which returned -8.6% over the past year.

Return vs Market: KRS underperformed the UK Market which returned -14.4% over the past year.


Shareholder returns

KRSIndustryMarket
7 Day0%-0.5%1.8%
30 Day11.1%12.4%6.5%
90 Day3.4%0.9%-9.9%
1 Year-57.1%-57.1%1.1%-6.1%-8.0%-12.2%
3 Year-66.7%-66.7%40.5%16.8%-5.6%-17.2%
5 Year-73.9%-73.9%65.5%27.2%11.2%-13.7%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

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

0.33x

Price to Book (PB) ratio


Share Price vs. Fair Value

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

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


Price To Earnings Ratio

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

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


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: KRS is good value based on its PB Ratio (0.3x) compared to the GB Metals and Mining industry average (1.1x).


Next Steps

Future Growth

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

6.7%

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 Keras 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 Keras Resources performed over the past 5 years?

31.3%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: KRS is currently unprofitable.

Growing Profit Margin: KRS is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: KRS is unprofitable, but has reduced losses over the past 5 years at a rate of 31.3% per year.

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

Earnings vs Industry: KRS is unprofitable, making it difficult to compare its past year earnings growth to the Metals and Mining industry (7.3%).


Return on Equity

High ROE: KRS has a negative Return on Equity (-4.19%), as it is currently unprofitable.


Next Steps

Financial Health

How is Keras Resources's financial position?


Financial Position Analysis

Short Term Liabilities: KRS's short term assets (£10.1M) exceed its short term liabilities (£281.0K).

Long Term Liabilities: KRS has no long term liabilities.


Debt to Equity History and Analysis

Debt Level: KRS is debt free.

Reducing Debt: KRS has no debt compared to 5 years ago when its debt to equity ratio was 0.06%.


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: KRS has sufficient cash runway for more than 3 years based on its current free cash flow.

Forecast Cash Runway: KRS has sufficient cash runway for more than 3 years if free cash flow continues to grow at historical rates of 21.7% each year


Next Steps

Dividend

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


Dividend Yield vs Market

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

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

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


Next Steps

Management

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

9.8yrs

Average board tenure


CEO

Russell Lamming (49yo)

2.17yrs

Tenure

UK£149,000

Compensation

Mr. Russell John Lamming, B.Sc Hons, B.Com, is a Founder of Keras Resources Plc and has been its Director since August 23, 2010. Mr. Lamming served as a Non-Executive Director of Attis Oil & Gas Ltd since  ...


CEO Compensation Analysis

Compensation vs Market: Russell's total compensation ($USD181.73K) is below average for companies of similar size in the UK market ($USD336.01K).

Compensation vs Earnings: Russell's compensation has increased whilst the company is unprofitable.


Board Members

NamePositionTenureCompensationOwnership
Russell Lamming
Founder2.17yrsUK£149.00k4.6% £192.0k
Brian Moritz
Non-Executive Chairman of the Board9.75yrsUK£29.00k3.7% £154.4k
David Russell Reeves
Non-Executive Director9.75yrsUK£18.00k17.58% £734.3k

9.8yrs

Average Tenure

50yo

Average Age

Experienced Board: KRS's board of directors are considered experienced (9.8 years average tenure).


Ownership

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 been diluted in the past year, with total shares outstanding growing by 21.7%.


Top Shareholders

Company Information

Keras Resources Plc's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Keras Resources Plc
  • Ticker: KRS
  • Exchange: AIM
  • Founded: 2010
  • Industry: Diversified Metals and Mining
  • Sector: Materials
  • Market Cap: UK£4.177m
  • Shares outstanding: 2.78b
  • Website: https://www.kerasplc.com

Number of Employees


Location

  • Keras Resources Plc
  • 27/28 Eastcastle Street
  • London
  • Greater London
  • W1W 8DH
  • United Kingdom

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
KRSAIM (London Stock Exchange AIM Market)YesOrdinary SharesGBGBPJul 2011

Biography

Keras Resources Plc engages in the exploration, evaluation, and development of mineral properties in West Africa. The company holds an 85% interest in the Nayega manganese project, which covers an area of 92,390 hectares in northern Togo. It also explores for cobalt and nickel deposits. The company was formerly known as Ferrex PLC and changed its name to Keras Resources Plc in December 2015. Keras Resources Plc was incorporated in 2010 and is based in London, the United Kingdom. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/05/28 00:18
End of Day Share Price2020/05/27 00:00
Earnings2019/09/30
Annual Earnings2019/09/30


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.