Keras Resources (GB:KRS)
LSE:KRS
Top Page
Keras Resources
(LSE:KRS)
Select Model
Select Model
Rating:44Neutral
Price Target:
1.50 p
▲(15.38% Upside)
Action:N/ADate:01/04/26
The score is weighed down primarily by weak financial performance (small/volatile revenue, ongoing losses, and sustained negative cash flow) and increased leverage risk in 2024. Technicals also remain bearish with the price below major moving averages and negative MACD, despite oversold readings. Valuation is constrained by negative earnings and the absence of a dividend yield.
Positive Factors
Product-based revenue model (manganese ore/concentrate sales)
Keras has a tangible, product-based revenue model anchored in producing and selling manganese ore/concentrate under sales/offtake arrangements. This provides a clear commercial pathway to monetize assets and scale production revenues as operations ramp, supporting a durable revenue foundation versus purely speculative exploration income.
Negative Factors
Persistent negative operating and free cash flow
Consistent negative operating and free cash flow is a structural weakness: it steadily erodes liquidity and forces reliance on external funding or asset disposals. Over 2–6 months this raises refinancing and dilution risk, limits capital for production scale-up or maintenance, and constrains strategic optionality if revenue recovery stalls.
Read all positive and negative factors
Positive Factors
Negative Factors
Product-based revenue model (manganese ore/concentrate sales)
Keras has a tangible, product-based revenue model anchored in producing and selling manganese ore/concentrate under sales/offtake arrangements. This provides a clear commercial pathway to monetize assets and scale production revenues as operations ramp, supporting a durable revenue foundation versus purely speculative exploration income.
Read all positive factors
Keras Resources (KRS) vs. iShares MSCI United Kingdom ETF (EWC)
Market Cap
£2.12M
Dividend YieldN/A
Average Volume (3M)32.25K
Price to Earnings (P/E)―
Beta (1Y)-0.08
Revenue GrowthN/A
EPS GrowthN/A
CountryUK
Employees5
SectorBasic Materials
Sector Strength58
IndustryIndustrial Materials
Share Statistics
EPS (TTM)>-0.01
Shares Outstanding156,873,050
10 Day Avg. Volume49,090
30 Day Avg. Volume32,253
Financial Highlights & Ratios
PEG Ratio-0.05
Price to Book (P/B)0.66
Price to Sales (P/S)1.74
P/FCF Ratio-1.27
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
Keras Resources Business Overview & Revenue Model
Company Description
Keras Resources Plc, a mineral resource company, engages in the exploration, evaluation, and development of mineral properties in West Africa. It holds 100% interests in the Diamond Creek phosphate project located in Salt Lake City, Utah; and 85% ...
How the Company Makes Money
Keras Resources makes money primarily through (1) selling mineral products and (2) monetising rights/interests in mineral projects where applicable. Its core revenue stream is generated when it produces and sells manganese ore/concentrate to custo...
Keras Resources Financial Statement Overview
Summary
Income Statement
26
Negative
Balance Sheet
52
Neutral
Cash Flow
30
Negative
| Breakdown | TTM | Dec 2023 | Dec 2023 | Jun 2023 | Sep 2021 | Sep 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 1.47M | 1.12M | 916.00K | 994.00K | 342.00K | 0.00 |
| Gross Profit | 685.50K | 294.00K | 530.00K | 731.00K | 39.00K | -76.00K |
| EBITDA | -396.00K | -460.00K | -157.00K | -504.00K | -1.30M | -1.16M |
| Net Income | -924.00K | -753.00K | -475.00K | -1.08M | -880.00K | -1.18M |
Balance Sheet | ||||||
| Total Assets | 5.73M | 6.15M | 4.73M | 6.68M | 5.91M | 3.48M |
| Cash, Cash Equivalents and Short-Term Investments | 38.00K | 249.00K | 185.00K | 207.00K | 166.00K | 438.00K |
| Total Debt | 2.14M | 2.00M | 0.00 | 126.00K | 219.00K | 0.00 |
| Total Liabilities | 2.67M | 3.20M | 1.54M | 2.90M | 2.63M | 467.00K |
| Stockholders Equity | 3.06M | 2.95M | 3.18M | 3.93M | 3.05M | 3.15M |
Cash Flow | ||||||
| Free Cash Flow | -1.46M | -1.54M | -567.00K | -921.00K | -1.32M | -739.00K |
| Operating Cash Flow | -1.10M | -261.00K | -567.00K | -921.00K | -189.00K | -738.00K |
| Investing Cash Flow | -2.72M | -2.11M | 1.01M | -286.00K | -1.58M | -939.00K |
| Financing Cash Flow | 2.21M | 2.46M | -468.00K | 1.27M | 1.48M | 1.93M |
Keras 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% | |
48 Neutral | £6.07M | -0.32 | -19.17% | ― | ― | ― | |
47 Neutral | £2.15M | -3.68 | -19.03% | ― | ― | -100.00% | |
46 Neutral | £1.90M | -0.34 | -41.22% | ― | ― | 22.22% | |
44 Neutral | £2.12M | -1.08 | -19.98% | ― | ― | ― | |
43 Neutral | £1.59M | -3.87 | -163.85% | ― | ― | ― | |
43 Neutral | £1.71M | -1.12 | -15.28% | ― | ― | ― |
* Basic Materials Sector Average
GB:KRS
Keras Resources
1.35
-0.25
-15.63%
GB:RRR
Red Rock Resources
0.02
-0.01
-37.50%
GB:SRES
Sunrise Resources
0.03
<0.01
50.00%
GB:GWMO
Great Western Mining
1.48
-0.67
-31.40%
GB:CHF
Chesterfield Resources Plc
0.85
0.55
183.33%
GB:BMV
Bluebird Merchant Ventures
0.09
-0.39
-82.29%
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.