S2 Resources Ltd. (AU:S2R)
ASX:S2R
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S2 Resources
(Sydney:S2R)
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Rating:43Neutral
Price Target:
AU$0.07
▼(-5.71% Downside)
Action:ReiteratedDate:04/02/26
The score is weighed down primarily by weak financial performance—ongoing losses and cash flow pressure despite strong revenue growth—plus a technically weak trend with negative MACD and price below major moving averages. Valuation is somewhat supportive due to the very low P/E, but not enough to offset profitability and momentum risks.
Positive Factors
Revenue Growth
A 33.4% year-over-year revenue increase signals durable demand expansion for the company's products. Sustained top-line growth provides a base to scale fixed-cost leverage, fund strategic investments and improve unit economics over months if management arrests losses.
Negative Factors
Negative Profitability
Persistent negative EBIT and net margins point to structural operating losses rather than short-term fluctuation. Continued unprofitability erodes equity, constrains reinvestment, and requires a clear operational turnaround to achieve sustainable free cash generation over the medium term.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue Growth
A 33.4% year-over-year revenue increase signals durable demand expansion for the company's products. Sustained top-line growth provides a base to scale fixed-cost leverage, fund strategic investments and improve unit economics over months if management arrests losses.
Read all positive factors
S2 Resources (S2R) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$36.15M
Dividend YieldN/A
Average Volume (3M)757.42K
Price to Earnings (P/E)0.7
Beta (1Y)>-0.01
Revenue GrowthN/A
EPS GrowthN/A
CountryAU
Employees9
SectorBasic Materials
Sector Strength58
IndustryIndustrial Materials
Share Statistics
EPS (TTM)0.02
Shares Outstanding531,586,360
10 Day Avg. Volume731,834
30 Day Avg. Volume757,420
Financial Highlights & Ratios
PEG Ratio-0.43
Price to Book (P/B)1.03
Price to Sales (P/S)46.51
P/FCF Ratio-1.81
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
S2 Resources Business Overview & Revenue Model
Company Description
S2 Resources Ltd engages in the exploration and evaluation of mineral properties. The company primarily explores for gold, nickel, copper, and platinum-group elements deposits. It holds interests in the Jillewarra, West Murchison, Three Springs, K...
How the Company Makes Money
null...
S2 Resources Financial Statement Overview
Summary
Income Statement
35
Negative
Balance Sheet
45
Neutral
Cash Flow
30
Negative
| Breakdown | TTM | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 50.49K | 201.68K | 469.04K | 129.55K | 166.91K | 56.31K |
| Gross Profit | 985.00 | 201.68K | 469.04K | -18.18K | 27.88K | -95.53K |
| EBITDA | -5.90M | -6.14M | -7.47M | -6.06M | -7.21M | -7.62M |
| Net Income | 7.39M | -2.59M | -8.19M | -6.76M | -7.37M | -7.23M |
Balance Sheet | ||||||
| Total Assets | 27.78M | 10.07M | 8.99M | 9.69M | 10.51M | 16.66M |
| Cash, Cash Equivalents and Short-Term Investments | 23.09M | 3.83M | 5.80M | 6.86M | 7.83M | 13.89M |
| Total Debt | 28.15K | 56.92K | 90.22K | 159.81K | 228.59K | 176.92K |
| Total Liabilities | 2.80M | 948.84K | 898.06K | 804.74K | 572.35K | 1.03M |
| Stockholders Equity | 24.97M | 9.12M | 8.09M | 8.88M | 9.94M | 15.64M |
Cash Flow | ||||||
| Free Cash Flow | -4.92M | -5.17M | -7.08M | -6.01M | -6.58M | -5.93M |
| Operating Cash Flow | -4.90M | -5.17M | -6.96M | -5.94M | -6.54M | -5.83M |
| Investing Cash Flow | 18.09M | 851.04K | 70.80K | 329.56K | 109.68K | -105.98K |
| Financing Cash Flow | 6.13M | 2.77M | 6.45M | 5.91M | 4.56M | 7.14M |
S2 Resources Technical Analysis
Positive
0.07
Price Trends
0.07
Positive
0.07
Positive
0.08
Negative
Market Momentum
<0.01
Negative
63.51
Neutral
83.71
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:S2R, the sentiment is Positive. The current price of 0.07 is above the 20-day moving average (MA) of 0.06, above the 50-day MA of 0.07, and below the 200-day MA of 0.08, indicating a neutral trend. The MACD of <0.01 indicates Negative momentum. The RSI at 63.51 is Neutral, neither overbought nor oversold. The STOCH value of 83.71 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for AU:S2R.
S2 Resources Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
51 Neutral | AU$27.95M | -3.45 | -12.22% | ― | ― | -67.65% | |
47 Neutral | AU$20.64M | 25.00 | -7.13% | ― | -25.35% | 95.00% | |
46 Neutral | AU$34.50M | -4.34 | -19.53% | ― | ― | -8.74% | |
45 Neutral | AU$44.64M | -33.33 | -28.53% | ― | ― | ― | |
43 Neutral | AU$36.15M | 0.72 | 43.34% | ― | ― | ― | |
43 Neutral | AU$34.72M | -11.22 | -0.02% | ― | ― | 13.53% |
* Basic Materials Sector Average
AU:S2R
S2 Resources
0.07
-0.03
-30.61%
AU:LIT
Lithium Australia NL
0.01
0.00
0.00%
AU:LEL
Lithium Energy Ltd.
0.31
-0.06
-16.22%
AU:AR3
Australian Rare Earths Limited
0.14
0.06
90.14%
AU:PL9
Arizona Lithium Limited
0.01
0.00
0.00%
AU:PL3
Patagonia Lithium Limited
0.14
0.08
136.84%
S2 Resources Corporate Events
S2 Resources Builds Drilling Momentum on Strong Cash and Investment Base
Apr 29, 2026
S2 Resources reported a cash balance of A$19.78 million at 31 March 2026 and an additional A$6.64 million in value from its 24.53% stake in TSXV-listed Valkea Resources, underpinning a strong funding position for exploration. During the March quar...
S2 Resources Records Expiry of 200,000 Listed Options
Apr 28, 2026
S2 Resources has announced the cessation of 200,000 listed options with the code S2RAP, which expired on 27 April 2026 without being exercised. The expiry slightly reduces the company’s pool of potential future equity dilution from options, ...
S2 Resources Issues 450,000 Unquoted Options Under Employee Incentive Scheme
Apr 22, 2026
S2 Resources Ltd has notified the market of the issuance of 450,000 unquoted options under an employee incentive scheme, each exercisable at $0.095 and expiring on April 22, 2030. The new options, which will not be quoted on the ASX, form part of ...
S2 Resources Updates Market on Expiry of 300,000 Unexercised Options
Apr 20, 2026
S2 Resources has confirmed the lapse of 300,000 options with an exercise price of $0.25 that expired unexercised on 18 April 2026. The cessation of these options slightly reduces the pool of potential future equity dilution for existing shareholde...
S2 Resources Secures Heritage Deal to Fast-Track Jillewarra Gold Exploration
Mar 19, 2026
S2 Resources and its earn-in partner Black Raven Mining have signed a Heritage Protection Agreement with the Wajarri Yamaji traditional owners covering the Jillewarra joint venture area near Meekatharra in Western Australia. The agreement enables ...
S2 Resources Releases Half Year Financial Report for December 2025
Mar 11, 2026
S2 Resources Ltd has released its half year financial report for the period ended 31 December 2025, providing investors with an overview of its financial performance and position. The report includes key consolidated financial statements and accom...
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.