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Verde Resources OTCPK:VRDR Stock Report

Last Price


Market Cap







23 Sep, 2022


Company Financials
VRDR fundamental analysis
Snowflake Score
Future Growth0/6
Past Performance0/6
Financial Health3/6

VRDR Stock Overview

Verde Resources, Inc., through its subsidiaries, engages in the gold mining business in Malaysia.

Verde Resources Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Verde Resources
Historical stock prices
Current Share PriceUS$0.13
52 Week HighUS$0.27
52 Week LowUS$0.03
1 Month Change30.00%
3 Month Change30.00%
1 Year Change64.56%
3 Year Change1,200.00%
5 Year Change62.50%
Change since IPO-89.84%

Recent News & Updates

Shareholder Returns

VRDRUS Metals and MiningUS Market

Return vs Industry: VRDR exceeded the US Metals and Mining industry which returned -12.8% over the past year.

Return vs Market: VRDR exceeded the US Market which returned -21.6% over the past year.

Price Volatility

Is VRDR's price volatile compared to industry and market?
VRDR volatility
VRDR Average Weekly Movement23.1%
Metals and Mining Industry Average Movement8.6%
Market Average Movement6.9%
10% most volatile stocks in US Market15.9%
10% least volatile stocks in US Market2.9%

Stable Share Price: VRDR is more volatile than 90% of US stocks over the past 3 months, typically moving +/- 23% a week.

Volatility Over Time: VRDR's weekly volatility (23%) has been stable over the past year, but is still higher than 75% of US stocks.

About the Company


Verde Resources, Inc., through its subsidiaries, engages in the gold mining business in Malaysia. The company holds interests in the Merapoh gold mine that covers an area of 400 acres located in northern Pahang, Malaysia. Verde Resources, Inc. was incorporated in 2010 and is headquartered in Wanchai, Hong Kong.

Verde Resources Fundamentals Summary

How do Verde Resources's earnings and revenue compare to its market cap?
VRDR fundamental statistics
Market CapUS$106.69m
Earnings (TTM)-US$3.35m
Revenue (TTM)US$2.39k


P/S Ratio


P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
VRDR income statement (TTM)
Cost of RevenueUS$86.70k
Gross Profit-US$84.31k
Other ExpensesUS$3.26m

Last Reported Earnings

Mar 31, 2022

Next Earnings Date


Earnings per share (EPS)-0.0041
Gross Margin-3,533.74%
Net Profit Margin-140,216.89%
Debt/Equity Ratio117.9%

How did VRDR perform over the long term?

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


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

Valuation Score


Valuation Score 0/6

  • 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 VRDR?

Other financial metrics that can be useful for relative valuation.

VRDR 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/Revenue51551.6x
Enterprise Value/EBITDA-73.9x
PEG Ration/a

Price to Book Ratio vs Peers

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

VRDR PB Ratio vs Peers
The above table shows the PB ratio for VRDR vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPBEstimated GrowthMarket Cap
Peer Average2.3x
GDRZ.F Gold Reserve
FTCO Fortitude Gold
VGZ Vista Gold
GORO Gold Resource
VRDR Verde Resources

Price-To-Book vs Peers: VRDR is expensive based on its Price-To-Book Ratio (7x) compared to the peer average (2.3x).

Price to Earnings Ratio vs Industry

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

Price-To-Book vs Industry: VRDR is expensive based on its Price-To-Book Ratio (7x) compared to the US Metals and Mining industry average (1.5x)

Price to Book Ratio vs Fair Ratio

What is VRDR'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.

VRDR PB Ratio vs Fair Ratio.
Fair Ratio
Current PB Ratio7x
Fair PB Ration/a

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

Share Price vs Fair Value

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

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

Significantly Below Fair Value: Insufficient data to calculate VRDR'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.

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Future Growth

How is Verde 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 Verde 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.

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  • While we do not consider unaudited financials to be a reliable enough to include in our analysis, you can access them on the OTC Markets Website. If you are looking for more of a qualitative research into the company, you can access Verde Resources's filings and announcements here.

Past Performance

How has Verde 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: VRDR is currently unprofitable.

Growing Profit Margin: VRDR is currently unprofitable.

Past Earnings Growth Analysis

Earnings Trend: VRDR is unprofitable, and losses have increased over the past 5 years at a rate of 59.7% per year.

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

Earnings vs Industry: VRDR 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: VRDR has a negative Return on Equity (-21.97%), as it is currently unprofitable.

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Financial Health

How is Verde Resources's financial position?

Financial Health Score


Financial Health Score 3/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Stable Cash Runway

  • Forecast Cash Runway

Financial Position Analysis

Short Term Liabilities: VRDR's short term assets ($1.9M) exceed its short term liabilities ($775.8K).

Long Term Liabilities: VRDR's short term assets ($1.9M) do not cover its long term liabilities ($18.0M).

Debt to Equity History and Analysis

Debt Level: VRDR's net debt to equity ratio (106.6%) is considered high.

Reducing Debt: VRDR's debt to equity ratio has increased from 0% to 117.9% 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: VRDR has sufficient cash runway for more than a year based on its current free cash flow.

Forecast Cash Runway: VRDR has sufficient cash runway for 1 years if free cash flow continues to reduce at historical rates of 44.4% each year.

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What is Verde 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 VRDR's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

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

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

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


Average board tenure


Verde Resources has no CEO, or we have no data on them.

Board Members

Experienced Board: VRDR's board of directors are considered experienced (6.6 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.

Ownership Breakdown

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

Top Shareholders

Top 6 shareholders own 65.09% of the company
OwnershipNameSharesCurrent ValueChange %Portfolio %
Taipan International Limited
192,900,000$25.1m0%no data
Borneo Oil Berhad
186,666,667$24.3m0%no data
Ming Ding Wu
70,343,443$9.1m0%no data
The Wision Project Limited
64,300,000$8.4m0%no data
Ching Chen
12,341,608$1.6m0%no data
Balakrishnan B. S. Muthu
7,595,233$987.4k0%no data

Company Information

Verde Resources, Inc.'s employee growth, exchange listings and data sources

Key Information

  • Name: Verde Resources, Inc.
  • Ticker: VRDR
  • Exchange: OTCPK
  • Founded: 2010
  • Industry: Gold
  • Sector: Materials
  • Implied Market Cap: US$106.689m
  • Shares outstanding: 820.69m
  • Website:

Number of Employees


  • Verde Resources, Inc.
  • Great Smart Tower
  • 20th Floor
  • Wan Chai
  • Hong Kong


TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
VRDROTCPK (Pink Sheets LLC)YesCommon StockUSUSDFeb 2014

Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/09/23 00:00
End of Day Share Price2022/09/23 00:00
Annual Earnings2021/06/30

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.