Korab Resources Limited (KOR) AI Stock Analysis

• Market Cap: AU$2.94M
• Dividend Yield: N/A
• Average Volume (3M): 2.53M
• Price to Earnings (P/E): ―
• Beta (1Y): 1.34
• Revenue Growth: N/A
• EPS Growth: 32.43%
• Country: AU
• Employees: 3
• Sector: Basic Materials
• Sector Strength: 71
• Industry: Industrial Materials
• EPS (TTM): >-0.01
• Shares Outstanding: 367,050,000
• 10 Day Avg. Volume: 2,529,047
• 30 Day Avg. Volume: 2,529,047
• PEG Ratio: -1.18
• Price to Book (P/B): 4.69
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -21.12
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0

• Rating: 40 Underperform
• Price Target: ―

Korab Resources Limited struggles with financial instability, reflected in persistent losses and high leverage. The company's inability to generate revenue growth or improve cash flows is concerning. Technical analysis suggests a stagnant stock price without significant momentum, and valuation metrics highlight potential overvaluation. These factors combine to suggest a cautious outlook for the stock.

Korab Resources Limited Business Overview & Revenue Model

Company Description

Korab Resources Limited (KOR) is an Australian-based company engaged primarily in the exploration and development of mineral resources. The company's operations focus on the exploration of polymetallic deposits, with a particular emphasis on gold, silver, copper, and other base metals. Korab Resources operates through its various projects located in Australia and Europe, aiming to develop these assets into commercially viable mining operations.

How the Company Makes Money

Korab Resources Limited makes money through the exploration and development of its mineral assets, ultimately aiming to sell extracted minerals commercially. The company's revenue model is centered around discovering mineral deposits and advancing these projects to production stages or selling them to other mining entities. Key revenue streams include the potential sale of mined minerals like gold and silver, along with potential joint ventures or partnerships with other mining companies. Additionally, Korab Resources may engage in strategic alliances or agreements that provide financial support and shared expertise to advance its projects. However, as an exploration company, its earnings are significantly influenced by market conditions, exploration success, and the realization of its mineral assets' commercial potential.

Korab Resources Limited Financial Statement Overview

Summary

Korab Resources Limited faces significant financial challenges, highlighted by persistent losses, high leverage, and negative cash flows. The company needs to address its operational inefficiencies and improve its capital structure to ensure long-term viability.

Income Statement

Korab Resources Limited has shown a lack of revenue and significant net losses over the years, with a recent increase in net losses from -611,654 to -932,096 AUD. The EBIT and EBITDA margins are both negative and have deteriorated, reflecting ongoing operational challenges. The absence of revenue growth further highlights this financial strain.

Balance Sheet

The company is heavily leveraged with a rising debt-to-equity ratio reaching 27.53, indicating heightened financial risk. Stockholders' equity has significantly decreased, suggesting potential solvency issues. The equity ratio has also declined, reflecting a lower proportion of assets financed by equity.

Cash Flow

Operating cash flow remains negative, although there is slight improvement, accompanied by negative free cash flow, indicating cash management issues. The operating cash flow to net income ratio is unfavorable, suggesting inefficiency in converting income to cash.

Breakdown	Jun 2024	Jun 2023	Jun 2022	Jun 2021	Jun 2020
Income Statement
Total Revenue	0.00	0.00	36.36K	364.88K	230.00K
Gross Profit	0.00	-20.66K	36.36K	364.88K	230.00K
EBITDA	-495.00K	192.31K	-294.00K	194.70K	-36.30K
Net Income	-932.00K	-1.36M	-612.00K	-531.00K	-261.00K
Balance Sheet
Total Assets	4.69M	4.59M	5.45M	4.36M	4.50M
Cash, Cash Equivalents and Short-Term Investments	93.35K	112.38K	815.78K	93.31K	163.84K
Total Debt	4.29M	3.31M	2.83M	2.73M	2.24M
Total Liabilities	4.53M	3.50M	3.00M	3.11M	2.72M
Stockholders Equity	155.70K	1.09M	2.45M	1.25M	1.78M
Cash Flow
Free Cash Flow	-155.84K	-447.80K	-515.45K	67.88K	-234.35K
Operating Cash Flow	-86.11K	-92.84K	-171.56K	208.31K	-85.38K
Investing Cash Flow	-69.73K	-354.96K	-343.89K	-70.89K	45.35K
Financing Cash Flow	136.81K	-255.60K	1.24M	-207.94K	121.15K

Korab Resources Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
TLM	51 Neutral	$32.96M	―	-20.67%	―	―	4.00%
KAI	46 Neutral	AU$76.30M	―	-6.55%	―	―	-50.00%
Sector *	43 Neutral	AU$1.41B	-6.14	-40.62%	3.98%	-4.78%	-42.91%
KOR	40 Underperform	AU$2.94M	―	-149.92%	―	―	32.43%
MEU	35 Underperform	AU$48.31M	―	-2.31%	―	―	-33.33%
ARV	32 Underperform	AU$15.21M	―	-53.93%	―	―	-1133.33%
G88	28 Underperform	AU$5.44M	―	-31.24%	―	―	30.16%

Korab Resources Limited Corporate Events

Korab Resources Sells Ukrainian Subsidiary to Focus on Core Assets

Korab Resources Ltd has announced the sale of its Ukrainian subsidiary, Donetsky Kryazh, which holds the Bobrikovo gold and silver project, to IRTIS, a subsidiary of SLAVUTYCH-INVEST. The transaction, completed for a cash amount of A$51,000 and a royalty agreement, will allow Korab to retire debt and fund exploration and development at its Rum Jungle Project. This strategic divestment is expected to streamline Korab’s operations and focus on its core assets, without impacting its board or requiring new securities issuance.