EQ RESOURCES LIMITED

Financials EQ Resources Limited

Equities

EQR

AU0000122749

Specialty Mining & Metals

Market Closed - Australian S.E. Other stock markets 12:35:59 2024-05-16 am EDT			5-day change	1st Jan Change
0.0555 ^AUD	-2.63%		+2.78%	-2.63%

May. 10	EQ Resources Secures Tax Rebate for Fiscal Year 2023	MT
May. 08	EQ Resources Secures AU$20 Million Facility for Expansion of Queensland Tungsten Mine	MT

Valuation

Fiscal Period: June	2018	2019	2020	2021	2022	2023
Capitalization ¹	10.54	24.74	31.09	36.77	63.18	103.2
Enterprise Value (EV) ¹	9.94	26.86	29.27	34.22	67.98	105.1
P/E ratio	-6.55 x	4.63 x	-9.33 x	-7.13 x	-10.4 x	-26.8 x
Yield	-	-	-	-	-	-
Capitalization / Revenue	357 x	1,099 x	41.5 x	8.09 x	15.5 x	20.1 x
EV / Revenue	336 x	1,193 x	39.1 x	7.53 x	16.7 x	20.5 x
EV / EBITDA	-7.02 x	6.36 x	-11 x	-7.79 x	-15 x	-97 x
EV / FCF	-6.28 x	-18.6 x	-7.26 x	-35.2 x	-10.6 x	50.7 x
FCF Yield	-15.9%	-5.38%	-13.8%	-2.84%	-9.41%	1.97%
Price to Book	3.95 x	2.27 x	2.08 x	2.2 x	4.41 x	6.33 x
Nbr of stocks (in thousands)	554,876	798,108	1,110,230	1,313,355	1,344,187	1,474,487
Reference price ²	0.0190	0.0310	0.0280	0.0280	0.0470	0.0700
Announcement Date	9/28/18	9/26/19	9/29/20	9/29/21	9/30/22	9/28/23

¹AUD in Million²AUD

Estimates

Income Statement Evolution (Annual data)

Fiscal Period: June	2018	2019	2020	2021	2022	2023
Net sales ¹	0.0295	0.0225	0.7486	4.547	4.072	5.138
EBITDA ¹	-1.415	4.224	-2.665	-4.391	-4.535	-1.084
EBIT ¹	-1.416	4.223	-3.016	-4.816	-4.988	-1.87
Operating Margin	-4,793.15%	18,755.95%	-402.96%	-105.91%	-122.5%	-36.39%
Earnings before Tax (EBT) ¹	-1.479	3.809	-3.016	-4.576	-6.065	-3.716
Net income ¹	-1.479	3.809	-3.016	-4.576	-6.065	-3.716
Net margin	-5,004.89%	16,917%	-402.96%	-100.63%	-148.94%	-72.33%
EPS ²	-0.002899	0.006699	-0.003000	-0.003926	-0.004537	-0.002616
Free Cash Flow ¹	-1.582	-1.444	-4.032	-0.971	-6.399	2.072
FCF margin	-5,355.72%	-6,413.35%	-538.66%	-21.36%	-157.14%	40.32%
FCF Conversion (EBITDA)	-	-	-	-	-	-
FCF Conversion (Net income)	-	-	-	-	-	-
Dividend per Share	-	-	-	-	-	-
Announcement Date	9/28/18	9/26/19	9/29/20	9/29/21	9/30/22	9/28/23

¹AUD in Million²AUD

Estimates

Balance Sheet Analysis

Fiscal Period: June	2018	2019	2020	2021	2022	2023
Net Debt ¹	-	2.12	-	-	4.81	1.9
Net Cash position ¹	0.6	-	1.82	2.56	-	-
Leverage (Debt/EBITDA)	-	0.501 x	-	-	-1.06 x	-1.75 x
Free Cash Flow ¹	-1.58	-1.44	-4.03	-0.97	-6.4	2.07
ROE (net income / shareholders' equity)	-58.6%	56.1%	-23.3%	-28.9%	-39.1%	-24.3%
ROA (Net income/ Total Assets)	-32.7%	28%	-10.1%	-12.8%	-10.9%	-2.7%
Assets ¹	4.528	13.59	29.91	35.85	55.46	137.4
Book Value Per Share ²	0	0.0100	0.0100	0.0100	0.0100	0.0100
Cash Flow per Share ²	0	0	0	0	0	0
Capex ¹	0	0.01	2.22	2.06	6.45	7.38
Capex / Sales	8.85%	57.02%	297.2%	45.25%	158.37%	143.61%
Announcement Date	9/28/18	9/26/19	9/29/20	9/29/21	9/30/22	9/28/23

¹AUD in Million²AUD

Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

Analysts' Consensus

Sell

Consensus

Buy

Mean consensus

BUY

Number of Analysts

1

Last Close Price

0.0555 AUD

Average target price

0.13 AUD

Spread / Average Target

+134.23%

Annual profits - Rate of surprise

Company calendar

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