East Star Resources (GB:EST)
LSE:EST
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East Star Resources
(LSE:EST)
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Rating:50Neutral
Price Target:
4.00 p
▲(100.00% Upside)
Action:Reiterated
Date:05/16/26
The score is held back primarily by weak financial performance: no revenue, ongoing losses, and sharply higher 2025 cash burn alongside renewed debt and declining equity. Technicals are comparatively supportive with the price above major moving averages and positive momentum indicators, but valuation is unfavorable/unclear due to negative earnings and no dividend yield provided.
Positive Factors
Positive equity and asset base
The balance sheet shows positive shareholders' equity of 2.44m and assets of 4.43m in 2025, providing a tangible capital buffer. That cushion gives the company durable optionality to absorb near-term losses, support basic operations, and pursue restructuring or financing over the next months.
Negative Factors
No revenue generation
The company reports no revenue for 2021–2025, indicating the business model has not yet produced market sales or validated product-market fit. Reliance on financing rather than operating cash reduces long-term viability and increases execution risk over the next several months.
Read all positive and negative factors
Positive Factors
Negative Factors
Positive equity and asset base
The balance sheet shows positive shareholders' equity of 2.44m and assets of 4.43m in 2025, providing a tangible capital buffer. That cushion gives the company durable optionality to absorb near-term losses, support basic operations, and pursue restructuring or financing over the next months.
Read all positive factors
East Star Resources (EST) vs. iShares MSCI United Kingdom ETF (EWC)
Market Cap
£20.35M
Dividend YieldN/A
Average Volume (3M)5.97M
Price to Earnings (P/E)―
Beta (1Y)1.31
Revenue GrowthN/A
EPS Growth-21.43%
CountryUK
Employees13
SectorBasic Materials
Sector Strength58
IndustryShell Companies
Share Statistics
EPS (TTM)>-0.01
Shares Outstanding550,012,940
10 Day Avg. Volume7,710,900
30 Day Avg. Volume5,971,667
Financial Highlights & Ratios
PEG Ratio-0.21
Price to Book (P/B)5.66
Price to Sales (P/S)0.00
P/FCF Ratio-5.42
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
East Star Resources Business Overview & Revenue Model
Company Description
East Star Resources Plc focuses on the discovery and development of gold, copper, and base metals in Kazakhstan. It undertakes an exploration programme, including five licenses covering 1,442 km² in three mineral rich districts. The company was fo...
East Star Resources Financial Statement Overview
Summary
Income Statement
12
Very Negative
Balance Sheet
38
Negative
Cash Flow
18
Very Negative
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Nov 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | -9.00K | -31.00K | -10.00K | -9.00K | 0.00 |
| EBITDA | -752.00K | -1.07M | -514.00K | -3.10M | -394.94K |
| Net Income | -2.30M | -1.10M | -1.53M | -3.10M | -421.21K |
Balance Sheet | |||||
| Total Assets | 4.43M | 3.27M | 2.93M | 3.94M | 1.94M |
| Cash, Cash Equivalents and Short-Term Investments | 442.00K | 678.00K | 635.00K | 1.46M | 1.25M |
| Total Debt | 1.71M | 0.00 | 0.00 | 0.00 | 840.00K |
| Total Liabilities | 1.99M | 116.00K | 115.00K | 127.00K | 139.11K |
| Stockholders Equity | 2.44M | 3.15M | 2.81M | 3.81M | 1.80M |
Cash Flow | |||||
| Free Cash Flow | -2.55M | -576.00K | -1.39M | -1.57M | -436.80K |
| Operating Cash Flow | -2.53M | -543.00K | -501.00K | -117.00K | -436.77K |
| Investing Cash Flow | -834.00K | -611.00K | -890.00K | -1.44M | -511.08K |
| Financing Cash Flow | 3.14M | 1.14M | 525.00K | 2.98M | 2.20M |
East Star 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 | £35.07M | -5.12 | 138.95% | ― | ― | -36.54% | |
50 Neutral | £20.35M | -5.99 | -58.34% | ― | ― | -21.43% | |
50 Neutral | £5.25M | ― | ― | ― | ― | ― | |
48 Neutral | £528.75K | ― | ― | ― | ― | ― | |
44 Neutral | £1.11M | -4.33 | ― | ― | ― | 91.18% | |
42 Neutral | £3.62M | ― | ― | ― | ― | ― |
* Basic Materials Sector Average
GB:EST
East Star Resources
3.70
2.30
164.29%
GB:BIH
Boston International Holdings
0.30
0.02
7.14%
GB:BAY
Bay Capital Plc
7.50
1.75
30.43%
GB:ALK
Alkemy Capital Investments Plc
319.50
179.50
128.21%
GB:REDC
Red Capital PLC
31.50
18.50
142.31%
GB:MII
Milton Capital PLC
0.25
-0.33
-56.90%
East Star Resources Corporate Events
Business Operations and Strategy
East Star Resources launches interactive investor hub to deepen shareholder engagement
Positive
May 15, 2026
East Star Resources, the Kazakhstan-focused gold and copper explorer listed in London, has launched an interactive Investor Hub designed as a central gateway to all its shareholder-facing content, from regulatory announcements and reports to prese...
Business Operations and StrategyExecutive/Board ChangesPrivate Placements and Financing
Endeavour Mining Exploration Chief Joins East Star Board After Strategic Investment
Positive
May 13, 2026
East Star Resources has strengthened its board by appointing Sonia Scarselli, Executive Vice President of Exploration at FTSE 100 gold producer Endeavour Mining, as a director with immediate effect. Her appointment follows Endeavour’s £...
Business Operations and StrategyDelistings and Listing ChangesPrivate Placements and Financing
East Star Secures Major JVs and Funding in Transformational Year
Positive
May 12, 2026
East Star Resources reported a transformational 2025, securing a US$65 million farm-in joint venture with Hong Kong Xinhai Mining Services to fund Verkhuba’s progression to production while retaining a 30% stake, and expanding its Rulikha VM...
Delistings and Listing ChangesFinancial DisclosuresRegulatory Filings and Compliance
East Star Resources Suspends Trading Briefly as FY25 Results Face Short Audit Delay
Negative
May 1, 2026
East Star Resources has delayed publication of its audited financial results for the year ended 31 December 2025 by about a week, after a randomly applied audit by the Kazakhstan Tax Department on a local subsidiary disrupted the final phase of it...
Private Placements and Financing
East Star Resources Expands Share Capital After Warrant Exercise
Positive
Apr 30, 2026
East Star Resources has strengthened its capital base following the exercise of 446,538 warrants at £0.03 each, raising gross proceeds of £13,396.14 and issuing an equivalent number of new ordinary shares. The new shares are expected to ...
Business Operations and StrategyPrivate Placements and Financing
East Star seals Xinhai joint venture to fast-track Verkhuba copper project
Positive
Mar 19, 2026
East Star Resources has signed a formal joint venture agreement with Hong Kong Xinhai Mining Services under which Xinhai will finance and develop the Verkhuba Copper Deposit in Kazakhstan to production. The deal will see a new joint venture compan...
Delistings and Listing ChangesRegulatory Filings and Compliance
East Star Updates Share Capital and Voting Rights After New Share Admission
Neutral
Feb 17, 2026
East Star Resources has confirmed the admission to trading on the London Stock Exchange’s Main Market of 74,391,304 additional ordinary shares fully fungible with its existing stock. Following this admission, which stems from a recent conver...
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.