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S2 Resources
(Sydney:S2R)
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Rating:53Neutral
Price Target:
AU$0.06
▲(3.33% Upside)
Action:Reiterated
Date:10/13/26
The score is held back primarily by weak operating fundamentals and persistent cash burn, despite a strong low-debt balance sheet. Technicals are supportive with the stock above major moving averages, but overbought readings add near-term risk. Valuation appears low on P/E, but the quality of earnings is questionable given negative cash flow.
Positive Factors
Low Leverage
Very low leverage limits interest and refinancing pressure, preserving financial flexibility while S2 Resources funds exploration. This conservative capital structure can help the company withstand weak operating periods and pursue opportunities without the balance-sheet strain associated with heavy debt.
Negative Factors
Persistent Cash Burn
Recurring negative operating and free cash flow shows that the business is not self-funding its activities and continues to consume cash. This creates ongoing dependence on funding resources, constrains investment flexibility, and makes sustained exploration progress harder without additional capital.
Read all positive and negative factors
Positive Factors
Negative Factors
Low Leverage
Very low leverage limits interest and refinancing pressure, preserving financial flexibility while S2 Resources funds exploration. This conservative capital structure can help the company withstand weak operating periods and pursue opportunities without the balance-sheet strain associated with heavy debt.
Read all positive factors
S2 Resources (S2R) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$32.43M
Dividend YieldN/A
Average Volume (3M)190.43K
Price to Earnings (P/E)2.4
Beta (1Y)-0.34
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. Volume128,186
30 Day Avg. Volume190,432
Financial Highlights & Ratios
PEG Ratio-0.01
Price to Book (P/B)1.29
Price to Sales (P/S)0.00
P/FCF Ratio-6.68
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)-0.01
Revenue Forecast (FY)N/A
S2 Resources Business Overview & Revenue Model
Company Description
S2 Resources Ltd specializes in the exploration and evaluation of mineral properties, primarily targeting deposits rich in gold, nickel, copper, and platinum-group elements. Its extensive portfolio includes several key Australian projects such as ...
How the Company Makes Money
null...
S2 Resources Financial Statement Overview
Summary
Income Statement
22
Negative
Balance Sheet
70
Positive
Cash Flow
28
Negative
| Breakdown | Jun 2026 | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 0.00 | 201.68K | 469.04K | 129.55K | 166.91K |
| Gross Profit | -94.32K | 201.68K | 469.04K | -18.18K | 27.88K |
| EBITDA | -5.90M | -6.14M | -7.47M | -6.06M | -7.21M |
| Net Income | 12.73M | -2.59M | -8.19M | -6.76M | -7.37M |
Balance Sheet | |||||
| Total Assets | 26.30M | 10.07M | 8.99M | 9.69M | 10.51M |
| Cash, Cash Equivalents and Short-Term Investments | 24.31M | 3.83M | 5.80M | 6.86M | 7.83M |
| Total Debt | 116.08K | 56.92K | 90.22K | 159.81K | 228.59K |
| Total Liabilities | 942.19K | 948.84K | 898.06K | 804.74K | 572.35K |
| Stockholders Equity | 25.36M | 9.12M | 8.09M | 8.88M | 9.94M |
Cash Flow | |||||
| Free Cash Flow | -4.91M | -5.17M | -7.08M | -6.01M | -6.58M |
| Operating Cash Flow | -4.86M | -5.17M | -6.96M | -5.94M | -6.54M |
| Investing Cash Flow | 16.39M | 851.04K | 70.80K | 329.56K | 109.68K |
| Financing Cash Flow | 3.27M | 2.77M | 6.45M | 5.91M | 4.56M |
S2 Resources Technical Analysis
Negative
0.06
Price Trends
0.07
Negative
0.07
Negative
0.07
Negative
Market Momentum
>-0.01
Positive
39.27
Neutral
-7.08
Positive
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 0.06 is below the 20-day moving average (MA) of 0.07, below the 50-day MA of 0.07, and below the 200-day MA of 0.07, indicating a bearish trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 39.27 is Neutral, neither overbought nor oversold. The STOCH value of -7.08 is Positive, 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% | |
53 Neutral | AU$32.43M | 2.45 | 50.59% | ― | ― | ― | |
46 Neutral | AU$14.86M | -3.00 | -42.15% | ― | -11.28% | 41.18% | |
44 Neutral | AU$26.33M | -4.90 | -19.95% | ― | ― | -2.96% | |
42 Neutral | AU$31.92M | -3.33 | -12.51% | ― | ― | -59.40% | |
42 Neutral | AU$31.13M | -6.46 | -19.15% | ― | ― | -11.36% | |
38 Underperform | AU$31.79M | 12.50 | -0.46% | ― | ― | ― |
* Basic Materials Sector Average
AU:S2R
S2 Resources
0.06
-0.03
-30.68%
AU:LIT
Lithium Australia NL
0.01
>-0.01
-9.09%
AU:LEL
Lithium Energy Ltd.
0.29
-0.09
-22.97%
AU:AR3
Australian Rare Earths Limited
0.10
-0.12
-54.67%
AU:PL9
Arizona Lithium Limited
0.01
0.00
0.00%
AU:PL3
Patagonia Lithium Limited
0.10
0.05
97.92%
S2 Resources Corporate Events
S2 Resources Sets Date and Process for 2026 AGM
Oct 28, 2026
S2 Resources has called its Annual General Meeting of shareholders for 27 November 2026 at corporate offices in Perth, Western Australia. The board has opted for a physical meeting and is encouraging all shareholders to participate either in perso...
S2 Resources Calls 2026 AGM, Seeks Approval on Board, Pay and Capital Moves
Oct 28, 2026
S2 Resources Ltd has called its Annual General Meeting for 27 November 2026 in Perth, setting 25 November 2026 as the record date to determine eligible shareholders. The meeting will consider standard annual items including the receipt of financia...
S2 Resources Details Corporate Structure in 2026 Annual Report
Oct 26, 2026
S2 Resources Ltd, an ASX-listed mineral exploration company based in Perth, operates within the resources sector with a governance structure led by an executive chairman and supported by non-executive directors and a company secretary. The firm...
S2 Resources Updates Director Mark Bennett’s Equity Holdings After Option Expiry
Oct 21, 2026
S2 Resources has reported a change in the interests of director Mark Bennett, detailing adjustments to his direct and indirect holdings in company securities. The disclosure highlights the mix of ordinary shares and options that underpin the direc...
S2 Resources Cleans Up Capital Structure as 8.1m Options Expire
Oct 21, 2026
S2 Resources Ltd has announced the cessation of 8,100,000 options with an exercise price of $0.20, which expired on 21 October 2026 without being exercised or converted. The expiry of these options reduces the company’s pool of potential dil...
S2 Resources Denies Undisclosed News Behind Share Price Surge
Oct 12, 2026
S2 Resources has responded to an ASX price query following a sharp rise in its share price from $0.059 to $0.081 and a notable increase in trading volumes over several days. The company stated it is not aware of any undisclosed information that co...
S2R Resources Sets Date for AGM and Director Nomination Deadline
Oct 8, 2026
S2R Resources Limited has set 27 November 2026 as the date for its Annual General Meeting, aligning with ASX Listing Rule requirements and signalling the next key forum for shareholder engagement. The company has also announced 16 October 2026 as ...
S2 Resources Updates Corporate Governance Framework for FY2026
Sep 15, 2026
S2 Resources has reaffirmed its commitment to high corporate governance standards for the year to 30 June 2026, aligning its practices with the ASX Corporate Governance Principles and Recommendations. The Board states that governance is integral t...
S2 Resources Files 2026 Financial Report
Sep 15, 2026
S2 Resources Ltd has released its financial report for the year ended 30 June 2026, providing shareholders and regulators with a full set of consolidated financial statements and accompanying notes. The document outlines the company’s profit...
S2 Resources Ramps Up Gold and Copper Exploration Across Australian Projects
Aug 24, 2026
S2 Resources has outlined an active exploration schedule across its Warraweena, Loch Lilly and Jillewarra projects in Australia, aimed at advancing both gold and copper prospects. At Warraweena, the company is running trial magnetotelluric geophys...
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.