S2 Resources Ltd. (AU:S2R)
ASX:S2R
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S2 Resources
(Sydney:S2R)
Select Model
Select Model
Rating:43Neutral
Price Target:
AU$0.06
▼(-20.00% 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
Sustained 33.4% top-line growth indicates expanding project activity and demand for outputs from exploration/early-development work. Over a 2–6 month horizon this supports resource advancement, partner interest and potential scale economies if cost control follows revenue expansion.
Negative Factors
Negative Profitability
Ongoing negative EBIT and net margins indicate the business is not yet converting revenue into operating profit. Structurally weak profitability implies either high operating/project costs or immature project economics, increasing likelihood of further capital raises and delaying investor returns for months to come.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue Growth
Sustained 33.4% top-line growth indicates expanding project activity and demand for outputs from exploration/early-development work. Over a 2–6 month horizon this supports resource advancement, partner interest and potential scale economies if cost control follows revenue expansion.
Read all positive factors
S2 Resources (S2R) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$29.24M
Dividend YieldN/A
Average Volume (3M)757.42K
Price to Earnings (P/E)0.7
Beta (1Y)>-0.01
Revenue GrowthN/A
EPS Growth69.84%
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
Negative
0.07
Price Trends
0.07
Negative
0.07
Negative
0.08
Negative
Market Momentum
>-0.01
Negative
45.89
Neutral
69.00
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:S2R, the sentiment is Negative. 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 bearish trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 45.89 is Neutral, neither overbought nor oversold. The STOCH value of 69.00 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative 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% | |
52 Neutral | AU$139.37M | 51.54 | -0.50% | ― | ― | 12.50% | |
44 Neutral | AU$32.22M | -1.90 | -12.11% | ― | ― | 23.60% | |
43 Neutral | AU$29.24M | 0.72 | 43.34% | ― | ― | 69.84% | |
43 Neutral | AU$36.96M | -11.22 | -0.02% | ― | ― | -12.34% | |
43 Neutral | AU$37.67M | -2.50 | -26.62% | ― | ― | -18.18% | |
42 Neutral | AU$47.63M | -13.00 | -71.61% | ― | ― | -26.67% |
* Basic Materials Sector Average
AU:S2R
S2 Resources
0.06
-0.05
-47.62%
AU:GL1
Global Lithium Resources Ltd.
0.53
0.35
194.44%
AU:ARD
Argent Minerals Limited
0.03
<0.01
33.33%
AU:BKT
Black Rock Mining Limited
0.02
>-0.01
-16.67%
AU:LEL
Lithium Energy Ltd.
0.33
-0.04
-10.81%
AU:GCM
Chase Mining Corporation Limited
0.01
<0.01
30.00%
S2 Resources Corporate Events
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...
S2 Resources Bolsters Cash Reserves and Exploration Pipeline With Agnico Deal and Project Advances
Jan 29, 2026
S2 Resources has strengthened its balance sheet and strategic partnerships during the December 2025 quarter, selling its Fosterville exploration licence to Agnico Eagle for A$17 million in cash and completing a A$3 million private placement with A...
S2 Resources Director Mark Bennett Increases Shareholding via On‑Market Purchase
Jan 12, 2026
S2 Resources has disclosed a change in the shareholding of director Mark Bennett, in line with ASX requirements for director interest notices. The filing shows Bennett increased his direct holding by 324,528 fully paid ordinary shares via an on...
S2 Resources Issues New Shares Under Earn-In Agreement and Confirms Disclosure Compliance
Jan 12, 2026
S2 Resources has issued 373,134 fully paid ordinary shares as consideration under an Earn In Agreement, with the new securities forming part of its existing class of quoted ordinary shares on the ASX. The company confirmed that the shares were iss...
S2 Resources Issues Shares for Loch Lilly Earn-In Deal
Jan 12, 2026
S2 Resources has applied for quotation on the ASX of 373,134 new fully paid ordinary shares, issued as consideration to the vendor under an Earn-In Agreement for the Loch Lilly Exploration Project in New South Wales. The share issuance formalises ...
S2 Resources Plans Modest Share Placement to Raise New Equity
Jan 11, 2026
S2 Resources Ltd has notified the ASX of a proposed issue of up to 373,134 fully paid ordinary shares via a placement or similar capital-raising mechanism, with the new securities expected to be issued on 12 January 2026. The move signals a modest...
S2 Resources Secures Major Earn-In to Underexplored Loch Lilly Multi-Commodity Project
Jan 11, 2026
S2 Resources has struck a deal to earn up to a 75% interest in the Loch Lilly-Kars project in far‑western New South Wales, securing exposure to a 955 square kilometre, largely concealed greenfields belt considered prospective for polymetalli...
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.