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Korab Resources Limited (AU:KOR)
:KOR
Australian Market

Korab Resources Limited (KOR) AI Stock Analysis

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AU

Korab Resources Limited

(Sydney:KOR)

Rating:40Underperform
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 (KOR) vs. iShares MSCI Australia ETF (EWA)

Korab Resources Limited Business Overview & Revenue Model

Company DescriptionKorab 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 MoneyKorab 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
30
Negative
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
35
Negative
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
40
Negative
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.
BreakdownJun 2024Jun 2023Jun 2022Jun 2021Jun 2020
Income Statement
Total Revenue0.000.0036.36K364.88K230.00K
Gross Profit0.00-20.66K36.36K364.88K230.00K
EBITDA-495.00K192.31K-294.00K194.70K-36.30K
Net Income-932.00K-1.36M-612.00K-531.00K-261.00K
Balance Sheet
Total Assets4.69M4.59M5.45M4.36M4.50M
Cash, Cash Equivalents and Short-Term Investments93.35K112.38K815.78K93.31K163.84K
Total Debt4.29M3.31M2.83M2.73M2.24M
Total Liabilities4.53M3.50M3.00M3.11M2.72M
Stockholders Equity155.70K1.09M2.45M1.25M1.78M
Cash Flow
Free Cash Flow-155.84K-447.80K-515.45K67.88K-234.35K
Operating Cash Flow-86.11K-92.84K-171.56K208.31K-85.38K
Investing Cash Flow-69.73K-354.96K-343.89K-70.89K45.35K
Financing Cash Flow136.81K-255.60K1.24M-207.94K121.15K

Korab Resources Limited Peers Comparison

Overall Rating
UnderperformOutperform
Sector (43)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
AUTLM
51
Neutral
$32.96M-20.67%4.00%
AUKAI
46
Neutral
AU$76.30M-6.55%-50.00%
43
Neutral
AU$1.41B-6.14-40.62%3.98%-4.78%-42.91%
AUKOR
40
Underperform
AU$2.94M-149.92%32.43%
AUMEU
35
Underperform
AU$48.31M-2.31%-33.33%
AUARV
32
Underperform
AU$15.21M-53.93%-1133.33%
AUG88
28
Underperform
AU$5.44M-31.24%30.16%
* Basic Materials Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
AU:KOR
Korab Resources Limited
0.01
0.00
0.00%
AU:KAI
Kairos Minerals
0.03
0.02
190.00%
AU:ARV
Artemis Resources
0.01
>-0.01
-16.67%
AU:TLM
Talisman Mining Limited
0.15
-0.10
-40.00%
AU:MEU
Marmota Limited
0.04
0.00
0.00%
AU:G88
Golden Mile Resources Ltd.
0.01
0.00
0.00%

Korab Resources Limited Corporate Events

Korab Resources Sells Ukrainian Subsidiary to Focus on Core Assets
Apr 9, 2025

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.

Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.Date of analysis: Apr 08, 2025