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S2 Resources
(Sydney:S2R)
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Rating:48Neutral
Price Target:
AU$0.05
▼(-10.00% Downside)
Action:Reiterated
Date:09/17/26
The score is held down primarily by weak operating performance and ongoing cash burn despite a strong low-debt balance sheet. Technical signals also point to soft momentum. Valuation looks optically cheap on P/E, but the benefit is limited by the low quality of earnings and lack of dividend support.
Positive Factors
Very Low Leverage
A near-zero debt-to-equity position limits interest and refinancing pressure, preserving financial flexibility while exploration projects progress. This conservative capital structure can help S2 Resources withstand funding volatility and direct available resources toward geological work and tenement development.
Negative Factors
Persistent Cash Burn
Repeated negative operating and free cash flow indicate that the business is not self-funding and must continue consuming financial resources to maintain operations. Persistent burn can increase dependence on future funding and constrain the pace of exploration or development over coming periods.
Read all positive and negative factors
Positive Factors
Negative Factors
Very Low Leverage
A near-zero debt-to-equity position limits interest and refinancing pressure, preserving financial flexibility while exploration projects progress. This conservative capital structure can help S2 Resources withstand funding volatility and direct available resources toward geological work and tenement development.
Read all positive factors
S2 Resources (S2R) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$29.24M
Dividend YieldN/A
Average Volume (3M)152.26K
Price to Earnings (P/E)2.2
Beta (1Y)-0.39
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. Volume116,669
30 Day Avg. Volume152,256
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
0.06
Negative
0.07
Negative
Market Momentum
>-0.01
Negative
41.87
Neutral
29.49
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 0.06 is below the 20-day moving average (MA) of 0.06, 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 Negative momentum. The RSI at 41.87 is Neutral, neither overbought nor oversold. The STOCH value of 29.49 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% | |
49 Neutral | AU$32.77M | -6.80 | -19.15% | ― | ― | -11.36% | |
48 Neutral | AU$29.24M | 2.21 | 50.59% | ― | ― | ― | |
48 Neutral | AU$25.17M | -4.74 | -19.95% | ― | ― | -2.96% | |
46 Neutral | AU$16.00M | -3.50 | -42.15% | ― | -11.28% | 41.18% | |
42 Neutral | AU$33.60M | -3.50 | -12.51% | ― | ― | -59.40% | |
38 Underperform | AU$34.68M | -11.67 | -4.04% | ― | ― | ― |
* Basic Materials Sector Average
AU:S2R
S2 Resources
0.06
-0.06
-50.00%
AU:LIT
Lithium Australia NL
0.01
>-0.01
-28.57%
AU:LEL
Lithium Energy Ltd.
0.30
-0.07
-18.92%
AU:AR3
Australian Rare Earths Limited
0.10
-0.06
-36.13%
AU:PL9
Arizona Lithium Limited
0.01
0.00
0.00%
AU:PL3
Patagonia Lithium Limited
0.10
0.05
96.08%
S2 Resources Corporate Events
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...
S2 Resources Reports Strong Cash Backing and Active Exploration Across Australian Projects
Jul 26, 2026
S2 Resources reported steady exploration progress in the June 2026 quarter, with key tenements granted at Jillewarra in Western Australia and Loch Lilly in New South Wales, along with heritage surveys and a project-wide aeromagnetic survey complet...
S2 Resources Director Mark Bennett Adds to Shareholding
Jul 15, 2026
S2 Resources has disclosed a change in the equity interests of director Mark Bennett, who increased his direct holding in the company through an on-market share purchase. Bennett acquired 38,299 fully paid ordinary shares at $0.06 per share, lifti...
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.