Cash flow Vast Resources plc

Equities

VAST

GB00BQ7WTT20

Diversified Mining

Market Closed - London S.E. Other stock markets 09:05:01 06/09/2024 pm IST			5-day change	1st Jan Change
0.1025 ^GBX	+5.13%		+7.89%	-84.74%

15/07	EARNINGS AND TRADING: Genedrive in FDA boost; Bango revenue rises	AN
15/07	Vast Resources Plc Raises Funds for Mine Reorganization Via Share Placing	MT

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Published financial data: VAST RESOURCES PLC

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: April	2019	2020	2021	2022	2023
Revenues	3.17M	-	896K	3.78M	3.72M
Total Revenues	3.17M	-	896K	3.78M	3.72M
Cost of Goods Sold, Total	4.01M	-	2.64M	7.4M	8.4M
Gross Profit	-842K	-	-1.75M	-3.62M	-4.68M
Selling General & Admin Expenses, Total	3.99M	4.09M	4.24M	4.52M	3.88M
Stock-Based Compensation (IS)	244K	440K	178K	356K	274K
Depreciation & Amortization - (IS)	1.11M	913K	724K	812K	706K
Impairment of Oil, Gas & Mineral Properties - (IS)	-	-	-	-	-
Other Operating Expenses	-287K	-175K	-88K	-59K	5K
Other Operating Expenses, Total	5.06M	5.27M	5.05M	5.63M	4.86M
Operating Income	-5.9M	-5.27M	-6.8M	-9.25M	-9.55M
Interest Expense, Total	-780K	-1.1M	-3.51M	-2.49M	-2.37M
Interest And Investment Income	923	30K	4K	-	-
Net Interest Expenses	-779K	-1.07M	-3.5M	-2.49M	-2.37M
Currency Exchange Gains (Loss)	-2.58M	-1.98M	2.61M	-3.75M	1.41M
EBT, Excl. Unusual Items	-9.26M	-8.31M	-7.69M	-15.49M	-10.51M
Impairment of Goodwill	-	-	-	-	-
Gain (Loss) On Sale Of Investments	-	-	-29K	-3K	-
Gain (Loss) On Sale Of Assets	77.54K	-	2K	-	-
Asset Writedown	-	-	-	-	-
Other Unusual Items	-	-	-	-	-
EBT, Incl. Unusual Items	-9.19M	-8.31M	-7.72M	-15.49M	-10.51M
Income Tax Expense	-	-	-	-	-
Earnings From Continuing Operations	-9.19M	-8.31M	-7.72M	-15.49M	-10.51M
Earnings Of Discontinued Operations	15.74M	-	-	-	-
Net Income to Company	6.55M	-8.31M	-7.72M	-15.49M	-10.51M
Minority Interest	-6.33M	312K	-36K	-	-
Net Income - (IS)	224K	-8M	-7.76M	-15.49M	-10.51M
Net Income to Common Incl Extra Items	224K	-8M	-7.76M	-15.49M	-10.51M
Net Income to Common Excl. Extra Items	-15.51M	-8M	-7.76M	-15.49M	-10.51M
Per Share Items
Net EPS - Basic	-	-0.5	-0.29	-0.34	-0.03
Basic EPS - Continuing Operations	-	-0.5	-0.29	-0.34	-0.03
Basic Weighted Average Shares Outstanding	9.81M	16M	26.39M	45.05M	310M
Net EPS - Diluted	-	-0.5	-0.29	-0.34	-0.03
Diluted EPS - Continuing Operations	-	-0.5	-0.29	-0.34	-0.03
Diluted Weighted Average Shares Outstanding	9.81M	16M	26.39M	45.05M	310M
Normalized Basic EPS	-	-0.31	-0.18	-0.21	-0.02
Normalized Diluted EPS	-	-0.31	-0.18	-0.21	-0.02
Supplemental Items
EBITDA	-1.7M	-4.35M	-6.08M	-8.44M	-8.84M
EBITA	-5.9M	-5.27M	-6.8M	-9.25M	-9.55M
EBIT	-5.9M	-5.27M	-6.8M	-9.25M	-9.55M
Effective Tax Rate - (Ratio)	-	-	-	-	-
Deferred Foreign Taxes	-	-	-	-	-
Total Deferred Taxes	-	-	-	-	-
Normalized Net Income	-12.12M	-4.88M	-4.84M	-9.68M	-6.57M
Interest on Long-Term Debt	-	-	-	-	-
Supplemental Operating Expense Items
Marketing Expenses	-	-	-	-	-
General and Administrative Expenses	-	-	-	-	-
Stock-Based Comp., G&A Exp. (Total)	-	-	-	-	-
Stock-Based Comp., Other (Total)	244K	440K	178K	356K	274K
Total Stock-Based Compensation	244K	440K	178K	356K	274K

Fiscal Period: April	2019	2020	2021	2022	2023
Assets
Cash And Equivalents	569K	478K	1.38M	103K	530K
Short Term Investments	-	920K	-	-	-
Total Cash And Short Term Investments	569K	1.4M	1.38M	103K	530K
Accounts Receivable, Total	-	359K	899K	151K	215K
Other Receivables	2.29M	1.81M	1.91M	2.19M	2.26M
Notes Receivable	174K	212K	309K	312K	335K
Total Receivables	2.46M	2.38M	3.12M	2.65M	2.81M
Inventory	413K	476K	936K	839K	973K
Prepaid Expenses	74K	81K	89K	183K	125K
Restricted Cash	-	-	-	-	-
Total Current Assets	3.52M	4.34M	5.53M	3.78M	4.44M
Gross Property Plant And Equipment	15.78M	17.95M	23.73M	22.64M	25.22M
Accumulated Depreciation	-4.52M	-5.22M	-6.44M	-6.42M	-7.38M
Net Property Plant And Equipment	11.26M	12.74M	17.28M	16.21M	17.84M
Long-term Investments	-	-	891K	1.31M	1.31M
Other Intangibles, Total	-	-	-	-	-
Deferred Tax Assets Long-Term	-	-	-	-	-
Total Assets	14.78M	17.07M	23.7M	21.3M	23.59M
Liabilities
Accounts Payable, Total	1.19M	1.64M	1.43M	2.61M	3.46M
Accrued Expenses, Total	217K	239K	35K	68K	101K
Short-term Borrowings	1.48M	195K	268K	241K	228K
Current Portion of Long-Term Debt	-	197K	9.32M	10.08M	8.94M
Current Income Taxes Payable	1.03M	672K	1.53M	1.32M	3.35M
Other Current Liabilities	1.03M	864K	789K	1.75M	1.87M
Total Current Liabilities	4.95M	3.81M	13.38M	16.07M	17.95M
Long-Term Debt	4.04M	8.34M	-	-	-
Deferred Tax Liability Non Current	-	-	-	-	-
Other Non Current Liabilities	489K	420K	1.21M	3.1M	3.1M
Total Liabilities	9.48M	12.58M	14.58M	19.17M	21.04M
Common Stock, Total	10.85M	14.25M	28.24M	649K	3.56M
Additional Paid In Capital	81.68M	83M	89.35M	94.71M	103M
Retained Earnings	-101M	-107M	-122M	-136M	-145M
Comprehensive Income and Other	13.74M	14.98M	13.24M	43.01M	40.17M
Total Common Equity	5.34M	4.84M	9.12M	2.13M	2.54M
Minority Interest	-41K	-349K	-	-	-
Total Equity	5.3M	4.5M	9.12M	2.13M	2.54M
Total Liabilities And Equity	14.78M	17.07M	23.7M	21.3M	23.59M
Supplemental Items
ECS Total Shares Outstanding on Filing Date	13.19M	17.74M	35.47M	81.72M	488M
ECS Total Common Shares Outstanding	13.19M	17.74M	35.47M	81.72M	488M
Book Value / Share	0.41	0.27	0.26	0.03	0.01
Tangible Book Value	5.34M	4.84M	9.12M	2.13M	2.54M
Tangible Book Value Per Share	0.41	0.27	0.26	0.03	0.01
Total Debt	5.52M	8.74M	9.59M	10.32M	9.17M
Net Debt	4.95M	7.34M	8.21M	10.21M	8.64M
Minority Interest, Total (Incl. Fin. Div)	-41K	-349K	-	-	-
Equity Method Investments, Total	-	-	-	417K	417K
Account Code - Inventory Valuation	6	6	6	6	6
Inventories - Raw Materials, Total	352K	418K	670K	654K	571K
Inventories - Finished Goods, Total	61K	58K	266K	185K	402K
Buildings, Total	3.21M	3.09M	3.33M	3.15M	3.25M
Machinery, Total	3.61M	3.53M	5.53M	4.44M	5.33M
Full Time Employees	219	179	226	367	350
Accumulated Allowance for Doubtful Accounts (Supple)	-	-	-	-	-

Fiscal Period: April	2019	2020	2021	2022	2023
Net Income	224K	-8M	-7.76M	-15.49M	-10.51M
Depreciation & Amortization - CF	4.2M	913K	724K	812K	706K
Impairment of Oil, Gas & Mineral Properties - (CF)	-	-	-	-	-
Depreciation & Amortization, Total	4.2M	913K	724K	812K	706K
(Gain) Loss From Sale Of Asset	-70.15K	-	-2K	-	-
(Gain) Loss on Sale of Investments - (CF)	9.23K	-	-	-	-
Asset Writedown & Restructuring Costs	-	-	-	-	-
Stock-Based Compensation (CF)	244K	440K	178K	356K	274K
Net Cash From Discontinued Operations	7.75M	-	-	-	-
Other Operating Activities, Total	-9.41M	-282K	3.54M	6.43M	709K
Change In Accounts Receivable	1.98M	346K	-1.51M	373K	-101K
Change In Inventories	1.19M	131K	-981K	97K	-134K
Change In Accounts Payable	-1.18M	1.22M	-153K	3.86M	2.66M
Cash from Operations	4.94M	-5.23M	-5.96M	-3.56M	-6.4M
Capital Expenditure	-10.51M	-2.76M	-4.39M	-1.47M	-1.9M
Sale of Property, Plant, and Equipment	155K	-	2K	-	25K
Cash Acquisitions	-4.14M	-	-	-	-
Divestitures	-	-	-	-	-
Sale (Purchase) of Intangible assets	-	-	-	-	-
Investment in Marketable and Equity Securities, Total	516K	-891K	-	-417K	-
Net (Increase) Decrease in Loans Originated / Sold - Investing	-	-	-	-	-
Other Investing Activities, Total	1.67M	-	-	-	-
Cash from Investing	-12.31M	-3.65M	-4.39M	-1.88M	-1.87M
Long-Term Debt Issued, Total	6.16M	6.52M	-	-	4.5M
Total Debt Issued	5.69M	6.52M	-	-	4.5M
Long-Term Debt Repaid, Total	-7.03M	-2.36M	-2M	-364K	-5.62M
Total Debt Repaid	-6.49M	-2.36M	-2M	-364K	-5.62M
Issuance of Common Stock	7.49M	4.62M	13.26M	4.53M	9.82M
Other Financing Activities, Total	-	-	-	-	-
Cash from Financing	6.69M	8.79M	11.25M	4.16M	8.69M
Foreign Exchange Rate Adjustments	-	-	-	-	-
Net Change in Cash	-675K	-91K	907K	-1.28M	427K
Supplemental Items
Levered Free Cash Flow	-	-5M	-10.77M	-5.2M	-5.58M
Unlevered Free Cash Flow	-	-4.31M	-8.58M	-3.64M	-4.09M
Change In Net Working Capital	-	-381K	840K	-2.44M	-2.79M
Net Debt Issued / Repaid	-798K	4.16M	-2M	-364K	-1.12M

Fiscal Period: April	2019	2020	2021	2022	2023
Profitability
Return on Assets	-	-20.67	-20.84	-25.69	-26.59
Return on Total Capital	-	-26.9	-26.61	-37.1	-49.4
Return On Equity %	-	-169.68	-113.41	-275.49	-449.74
Return on Common Equity	-	-157.06	-111.09	-275.49	-449.74
Margin Analysis
Gross Profit Margin %	-26.57	-	-194.87	-95.79	-125.86
SG&A Margin	125.93	-	473.1	119.47	104.3
EBITDA Margin %	-53.58	-	-678.01	-223.12	-237.66
EBITA Margin %	-186.28	-	-758.82	-244.59	-256.64
EBIT Margin %	-186.28	-	-758.82	-244.59	-256.64
Income From Continuing Operations Margin %	-289.95	-	-861.5	-409.73	-282.42
Net Income Margin %	7.08	-	-865.51	-409.73	-282.42
Net Avail. For Common Margin %	-489.63	-	-865.51	-409.73	-282.42
Normalized Net Income Margin	-382.43	-	-540.57	-256.03	-176.51
Levered Free Cash Flow Margin	-	-	-1.2K	-137.46	-149.87
Unlevered Free Cash Flow Margin	-	-	-957.41	-96.35	-110.05
Asset Turnover
Asset Turnover	-	-	0.04	0.17	0.17
Fixed Assets Turnover	-	-	0.06	0.23	0.22
Receivables Turnover (Average Receivables)	-	-	1.42	7.2	20.33
Inventory Turnover (Average Inventory)	-	-	3.74	8.34	9.27
Short Term Liquidity
Current Ratio	0.71	1.14	0.41	0.24	0.25
Quick Ratio	0.58	0.94	0.31	0.15	0.17
Operating Cash Flow to Current Liabilities	1	-1.37	-0.45	-0.22	-0.36
Days Sales Outstanding (Average Receivables)	-	-	256.23	50.68	17.96
Days Outstanding Inventory (Average Inventory)	-	-	97.54	43.76	39.36
Average Days Payable Outstanding	-	-	181.15	100.97	129.69
Cash Conversion Cycle (Average Days)	-	-	172.62	-6.53	-72.38
Long Term Solvency
Total Debt/Equity	104.09	194.33	105.21	484.55	360.56
Total Debt / Total Capital	51	66.02	51.27	82.89	78.29
LT Debt/Equity	76.25	185.61	-	-	-
Long-Term Debt / Total Capital	37.36	63.06	-	-	-
Total Liabilities / Total Assets	64.13	73.67	61.53	90	89.22
EBIT / Interest Expense	-7.57	-4.79	-1.94	-3.72	-4.03
EBITDA / Interest Expense	-2.18	-3.96	-1.73	-3.39	-3.73
(EBITDA - Capex) / Interest Expense	-15.66	-6.47	-2.98	-3.98	-4.53
Total Debt / EBITDA	-3.25	-2.01	-1.58	-1.22	-1.04
Net Debt / EBITDA	-2.92	-1.69	-1.35	-1.21	-0.98
Total Debt / (EBITDA - Capex)	-0.45	-1.23	-0.92	-1.04	-0.85
Net Debt / (EBITDA - Capex)	-0.41	-1.03	-0.78	-1.03	-0.8
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	-	-	-	321.99	-1.61
Gross Profit, 1 Yr. Growth %	-	-	-	107.45	29.27
EBITDA, 1 Yr. Growth %	-	156.43	39.56	38.86	4.8
EBITA, 1 Yr. Growth %	-	-10.76	29.11	36.02	3.23
EBIT, 1 Yr. Growth %	-	-10.76	29.11	36.02	3.23
Earnings From Cont. Operations, 1 Yr. Growth %	-	-9.51	-7.13	100.7	-32.18
Net Income, 1 Yr. Growth %	-	-3.67K	-3.06	99.77	-32.18