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NSRP

Novo Resources OTCPK:NSRP.F Stock Report

Last Price

US$0.35

Market Cap

US$86.6m

7D

10.3%

1Y

-75.0%

Updated

30 Sep, 2022

Data

Company Financials +
NSRP.F fundamental analysis
Snowflake Score
Valuation4/6
Future Growth2/6
Past Performance0/6
Financial Health4/6
Dividends0/6

NSRP.F Stock Overview

Novo Resources Corp., together with its subsidiaries, engages in evaluating, acquiring, exploring, and developing natural resource properties in Canada, Australia, and the United States.

Novo Resources Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Novo Resources
Historical stock prices
Current Share PriceUS$0.35
52 Week HighUS$1.48
52 Week LowUS$0.30
Beta1.66
1 Month Change-5.34%
3 Month Change1.46%
1 Year Change-74.98%
3 Year Change-81.42%
5 Year Change-94.87%
Change since IPO-11.24%

Recent News & Updates

Shareholder Returns

NSRP.FUS Metals and MiningUS Market
7D10.3%-2.2%-3.1%
1Y-75.0%-14.1%-21.5%

Return vs Industry: NSRP.F underperformed the US Metals and Mining industry which returned -14.1% over the past year.

Return vs Market: NSRP.F underperformed the US Market which returned -21.5% over the past year.

Price Volatility

Is NSRP.F's price volatile compared to industry and market?
NSRP.F volatility
NSRP.F Average Weekly Movement12.6%
Metals and Mining Industry Average Movement8.8%
Market Average Movement6.9%
10% most volatile stocks in US Market15.7%
10% least volatile stocks in US Market2.8%

Stable Share Price: NSRP.F is more volatile than 75% of US stocks over the past 3 months, typically moving +/- 13% a week.

Volatility Over Time: NSRP.F's weekly volatility (13%) has been stable over the past year, but is still higher than 75% of US stocks.

About the Company

FoundedEmployeesCEOWebsite
2009113Mike Spreadboroughhttps://www.novoresources.com

Novo Resources Corp., together with its subsidiaries, engages in evaluating, acquiring, exploring, and developing natural resource properties in Canada, Australia, and the United States. The company primarily explores for gold deposits. Its flagship property is the Beatons Creek property located in the Pilbara region of Western Australia.

Novo Resources Fundamentals Summary

How do Novo Resources's earnings and revenue compare to its market cap?
NSRP.F fundamental statistics
Market CapUS$86.64m
Earnings (TTM)-US$12.41m
Revenue (TTM)US$97.88m

0.9x

P/S Ratio

-7.0x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
NSRP.F income statement (TTM)
RevenueCA$134.38m
Cost of RevenueCA$151.24m
Gross Profit-CA$16.86m
Other ExpensesCA$182.00k
Earnings-CA$17.04m

Last Reported Earnings

Jun 30, 2022

Next Earnings Date

n/a

Earnings per share (EPS)-0.068
Gross Margin-12.55%
Net Profit Margin-12.68%
Debt/Equity Ratio20.4%

How did NSRP.F perform over the long term?

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

Valuation

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

Valuation Score

4/6

Valuation Score 4/6

  • Price-To-Sales vs Peers

  • Price-To-Sales vs Industry

  • Price-To-Sales 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 NSRP.F?

Other financial metrics that can be useful for relative valuation.

NSRP.F 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/Revenue0.7x
Enterprise Value/EBITDA5.2x
PEG Ration/a

Price to Sales Ratio vs Peers

How does NSRP.F's PS Ratio compare to its peers?

NSRP.F PS Ratio vs Peers
The above table shows the PS ratio for NSRP.F vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPSEstimated GrowthMarket Cap
Peer Average10.2x
HYMC Hycroft Mining Holding
1.8xn/aUS$119.0m
DYNR DynaResource
1.1xn/aUS$44.4m
LODE Comstock
36.7xn/aUS$33.3m
CMCL Caledonia Mining
1.3x-1.8%US$170.4m
NSRP.F Novo Resources
0.9x26.8%US$86.6m

Price-To-Sales vs Peers: NSRP.F is good value based on its Price-To-Sales Ratio (0.9x) compared to the peer average (10.2x).


Price to Earnings Ratio vs Industry

How does NSRP.F's PE Ratio compare vs other companies in the US Metals and Mining Industry?

Price-To-Sales vs Industry: NSRP.F is good value based on its Price-To-Sales Ratio (0.9x) compared to the US Metals and Mining industry average (1x)


Price to Sales Ratio vs Fair Ratio

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

NSRP.F PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio0.9x
Fair PS Ratio0.6x

Price-To-Sales vs Fair Ratio: NSRP.F is expensive based on its Price-To-Sales Ratio (0.9x) compared to the estimated Fair Price-To-Sales Ratio (0.6x).


Share Price vs Fair Value

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

Below Fair Value: NSRP.F ($0.35) is trading below our estimate of fair value ($2.17)

Significantly Below Fair Value: NSRP.F is trading below fair value by more than 20%.


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.


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Future Growth

How is Novo Resources forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

Future Growth Score

2/6

Future Growth Score 2/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


26.8%

Forecasted annual revenue growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: Insufficient data to determine if NSRP.F's forecast earnings growth is above the savings rate (1.9%).

Earnings vs Market: Insufficient data to determine if NSRP.F's earnings are forecast to grow faster than the US market

High Growth Earnings: Insufficient data to determine if NSRP.F's earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: NSRP.F's revenue (26.8% per year) is forecast to grow faster than the US market (7.6% per year).

High Growth Revenue: NSRP.F's revenue (26.8% per year) 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 NSRP.F's Return on Equity is forecast to be high in 3 years time


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Past Performance

How has Novo Resources performed over the past 5 years?

Past Performance Score

0/6

Past Performance Score 0/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


9.1%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: NSRP.F is currently unprofitable.

Growing Profit Margin: NSRP.F is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: NSRP.F is unprofitable, but has reduced losses over the past 5 years at a rate of 9.1% per year.

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

Earnings vs Industry: NSRP.F is unprofitable, making it difficult to compare its past year earnings growth to the Metals and Mining industry (82.4%).


Return on Equity

High ROE: NSRP.F has a negative Return on Equity (-6.75%), as it is currently unprofitable.


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Financial Health

How is Novo Resources's financial position?

Financial Health Score

4/6

Financial Health Score 4/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Stable Cash Runway

  • Forecast Cash Runway

Financial Position Analysis

Short Term Liabilities: NSRP.F's short term assets (CA$148.4M) exceed its short term liabilities (CA$85.8M).

Long Term Liabilities: NSRP.F's short term assets (CA$148.4M) exceed its long term liabilities (CA$47.0M).


Debt to Equity History and Analysis

Debt Level: NSRP.F has more cash than its total debt.

Reducing Debt: Insufficient data to determine if NSRP.F's debt to equity ratio has reduced over the 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: NSRP.F has sufficient cash runway for more than a year based on its current free cash flow.

Forecast Cash Runway: Insufficient data to determine if NSRP.F has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.


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Dividend

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

Dividend Score

0/6

Dividend Score 0/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage

Dividend Yield vs Market

Novo Resources Dividend Yield vs Market
How does Novo Resources dividend yield compare to the market?
SegmentDividend Yield
Company (Novo Resources)n/a
Market Bottom 25% (US)1.7%
Market Top 25% (US)4.7%
Industry Average (Metals and Mining)3.6%
Analyst forecast in 3 Years (Novo Resources)n/a

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

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

Growing Dividend: Insufficient data to determine if NSRP.F'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 NSRP.F has not reported any payouts.


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Management

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

1.8yrs

Average board tenure


CEO

Mike Spreadborough

1.67yrs

Tenure

CA$3,230,848

Compensation

Mr. Michael John Spreadborough, also known as Mike, B.Eng. (Mining) (Hons), MBA, serves as Executive Co-Chairman at Novo Resources Corp. since August 2021 and is Acting Chief Executive Officer from April 2...


CEO Compensation Analysis

Mike Spreadborough's Compensation vs Novo Resources Earnings
How has Mike Spreadborough's remuneration changed compared to Novo Resources's earnings?
DateTotal Comp.SalaryCompany Earnings
Jun 30 2022n/an/a

-CA$17m

Mar 31 2022n/an/a

-CA$15m

Dec 31 2021CA$3mCA$236k

-CA$704k

Compensation vs Market: Mike's total compensation ($USD2.35M) is above average for companies of similar size in the US market ($USD772.00K).

Compensation vs Earnings: Insufficient data to compare Mike's compensation with company performance.


Board Members

Experienced Board: NSRP.F's board of directors are not considered experienced ( 1.8 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: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

OTCPK:NSRP.F Recent Insider Transactions by Companies or Individuals
DateValueNameEntityRoleSharesMax Price
18 May 22BuyUS$57,576Michael SpreadboroughIndividual100,000US$0.58

Ownership Breakdown

What is the ownership structure of NSRP.F?
Owner TypeNumber of SharesOwnership Percentage
Individual Insiders3,678,4501.5%
Institutions14,871,2266.0%
General Public230,772,37892.6%

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


Top Shareholders

Top 14 shareholders own 7.44% of the company
OwnershipNameSharesCurrent ValueChange %Portfolio %
4.41%
Van Eck Associates Corporation
10,996,892CA$3.8m1.75%0.01%
1.4%
Quinton Hennigh
3,497,400CA$1.2m0%no data
1.29%
AMG Fondsverwaltungs AG
3,225,000CA$1.1m0%0.21%
0.082%
SICAV PLACEURO (Conseil) S.A.
204,530CA$71.1k0%0.1%
0.08%
iW Partners S.A.
200,000CA$69.5k0%0.24%
0.065%
State Street Global Advisors, Inc.
162,053CA$56.3k2.74%no data
0.04%
Michael Spreadborough
100,000CA$34.8k0%no data
0.024%
Robert Humphryson
60,000CA$20.9k0%no data
0.02%
Invesco Ltd.
48,984CA$17.0k-96.11%no data
0.0074%
Ronan Sabo-Walsh
18,550CA$6.4k0%no data
0.0049%
Dimensional Fund Advisors LP
12,300CA$4.3k0%no data
0.0047%
Tradition Wealth Management LLC
11,767CA$4.1k0%no data
0.004%
MAI Capital Management, LLC
10,000CA$3.5k0%no data
0.001%
Michael Barrett
2,500CA$868.70%no data

Company Information

Novo Resources Corp.'s employee growth, exchange listings and data sources


Key Information

  • Name: Novo Resources Corp.
  • Ticker: NSRP.F
  • Exchange: OTCPK
  • Founded: 2009
  • Industry: Gold
  • Sector: Materials
  • Implied Market Cap: US$86.639m
  • Shares outstanding: 249.32m
  • Website: https://www.novoresources.com

Number of Employees


Location

  • Novo Resources Corp.
  • 580 Hornby Street
  • Suite 880
  • Vancouver
  • British Columbia
  • V6C 3B6
  • Canada


Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
NSRP.FOTCPK (Pink Sheets LLC)YesCommon SharesUSUSDFeb 2012
1NODB (Deutsche Boerse AG)YesCommon SharesDEEURFeb 2012
NVOTSX (The Toronto Stock Exchange)YesCommon SharesCACADFeb 2012

Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/09/30 00:00
End of Day Share Price2022/09/30 00:00
Earnings2022/06/30
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.