Solaris Resources Inc. (SLSR) 10-Year Financial Performance & Capital Metrics

SLSR • • Industrial / General

Basic MaterialsPrecious MetalsBase Metals & Multi-Metal MiningCopper-Gold Developers

AboutSolaris Resources Inc. engages in exploration of mineral properties. It focuses on exploring copper, molybdenum, gold, lead, zinc, and silver. The company's flagship project is the 100% owned Warintza Copper and Gold Project comprising nine metallic mineral concessions, which covers an area of 268 km2 located in Ecuador. It holds interest in Capricho and Paco Orco projects located in Peru; Ricardo and Tamarugo property in Chile; and La Verde property in Mexico. The company was formerly known as Solaris Copper Inc. and changed its name to Solaris Resources Inc. in December 2019. Solaris Resources Inc. was incorporated in 2018 and is based in Vancouver, Canada.Show more

Revenue $0
EBITDA -$72M -78.8%
Net Income -$77M -87.8%
EPS (Diluted) -0.47 -62.1%
Gross Margin -
EBITDA Margin -
Operating Margin -
Net Margin -
ROE -954.42% -524.4%
ROIC -444.45% -113.8%
Debt/Equity -
Interest Coverage -15.12 +94.6%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Momentum leader: RS Rating 87 (top 13%)
✓Trading near 52-week high

✗Weaknesses

✗Weak Piotroski F-Score: 1/9
✗Shares diluted 10.7% in last year
✗Low asset turnover indicates capital-intensive operations

Price & Volume

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Growth Metrics

Revenue CAGR

10Y-

5Y-

3Y-

TTM-

Profit (Net Income) CAGR

10Y-

5Y-

3Y-

TTM5.22%

EPS CAGR

10Y-

5Y-

3Y-

TTM14.26%

ROCE

10Y Avg-71.11%

5Y Avg-104.92%

3Y Avg-134.07%

Latest-145.08%

Peer Comparison

Copper-Gold Developers

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
SLSRSolaris Resources Inc.	1.5B	9.01	-19.17			-9.54%

Profit & Loss

	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	0	0	0	0	0	0	0	0
Revenue Growth %	-	-	-	-	-	-	-	-
Cost of Goods Sold+	2.07K	5.69K	13.3K	0	0	0	0	0
COGS % of Revenue	-	-	-	-	-	-	-	-
Gross Profit+	-2.07K	-5.69K	-13.3K	0	0	0	0	0
Gross Margin %	-	-	-	-	-	-	-	-
Gross Profit Growth %	-	-1.75%	-1.34%	1%	-	-	-	-
Operating Expenses+	1.93M	2.84M	5.54M	19.34M	59.35M	60.31M	41.17M	72.98M
OpEx % of Revenue	-	-	-	-	-	-	-	-
Selling, General & Admin	1.93M	2.84M	5.54M	19.34M	9.5M	8.82M	10.22M	11.47M
SG&A % of Revenue	-	-	-	-	-	-	-	-
Research & Development	0	0	0	0	0	0	0	0
R&D % of Revenue	-	-	-	-	-	-	-	-
Other Operating Expenses	0	0	0	0	49.85M	51.49M	30.95M	61.51M
Operating Income+	-1.93M	-2.85M	-5.56M	-19.34M	-59.35M	-60.31M	-41.17M	-72.98M
Operating Margin %	-	-	-	-	-	-	-	-
Operating Income Growth %	-	-0.48%	-0.95%	-2.48%	-2.07%	-0.02%	0.32%	-0.77%
EBITDA+	-1.93M	-2.84M	-5.54M	-19.31M	-58.94M	-59.52M	-40.24M	-71.96M
EBITDA Margin %	-	-	-	-	-	-	-	-
EBITDA Growth %	-	-0.47%	-0.95%	-2.48%	-2.05%	-0.01%	0.32%	-0.79%
D&A (Non-Cash Add-back)	2.07K	5.69K	13.3K	26K	408K	783K	928K	1.01M
EBIT	-1.92M	-3M	-2.83M	-19.34M	-59.35M	-60.31M	-40.94M	-72.01M
Net Interest Income+	0	0	0	87.38K	398K	366K	444K	-3.91M
Interest Income	0	0	0	92.65K	398K	366K	590K	918.67K
Interest Expense	0	0	0	5.26K	0	0	146K	4.83M
Other Income/Expense	7.25K	782.11K	2.72M	-6.65M	2.49M	1.59M	88K	-4.11M
Pretax Income+	-1.92M	-1.96M	-2.83M	-25.99M	-56.86M	-58.72M	-41.08M	-77.08M
Pretax Margin %	-	-	-	-	-	-	-	-
Income Tax+	3	-40.8K	0	0	0	0	0	0
Effective Tax Rate %	1%	0.98%	0.98%	1%	1%	1%	1%	1%
Net Income+	-1.92M	-1.92M	-2.78M	-25.92M	-56.8M	-58.66M	-41.01M	-77.02M
Net Margin %	-	-	-	-	-	-	-	-
Net Income Growth %	-	0%	-0.45%	-8.33%	-1.19%	-0.03%	0.3%	-0.88%
Net Income (Continuing)	-1.92M	-1.96M	-2.83M	-25.99M	-56.86M	-58.72M	-41.08M	-77.08M
Discontinued Operations	0	0	0	0	0	0	0	0
Minority Interest	7.92M	7.88M	7.82M	7.91M	7.91M	7.91M	7.91M	7.91M
EPS (Diluted)+	-0.03	-0.03	-0.06	-0.35	-0.52	-0.50	-0.29	-0.47
EPS Growth %	-	0%	-1.37%	-4.76%	-0.49%	0.04%	0.42%	-0.62%
EPS (Basic)	-0.03	-0.03	-0.06	-0.35	-0.52	-0.50	-0.29	-0.47
Diluted Shares Outstanding	74.5M	74.5M	45.72M	77.4M	107.59M	113.6M	142.12M	157.32M
Basic Shares Outstanding	74.5M	74.5M	45.72M	77.4M	107.59M	113.6M	142.12M	157.32M
Dividend Payout Ratio	-	-	-	-	-	-	-	-

Balance Sheet

	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	129K	311K	6.19M	73.84M	34.85M	15.26M	39.39M	32.58M
Cash & Short-Term Investments	92K	241K	6.09M	73.59M	33.9M	14.77M	38.87M	31.74M
Cash Only	92K	241K	6.09M	73.59M	33.9M	14.77M	38.87M	31.74M
Short-Term Investments	0	0	0	0	0	0	0	0
Accounts Receivable	37K	0	0	0	147K	251K	198K	165K
Days Sales Outstanding	-	-	-	-	-	-	-	-
Inventory	0	0	0	0	86K	102K	95K	142.91K
Days Inventory Outstanding	-	-	-	-	-	-	-	-
Other Current Assets	0	0	0	244K	0	0	0	86
Total Non-Current Assets+	20.22M	21.9M	24.39M	21.09M	22.8M	23.27M	22.43M	24.62M
Property, Plant & Equipment	43K	45K	20.32M	835K	22.72M	22.96M	21.86M	24.05M
Fixed Asset Turnover	-	-	-	-	-	-	-	-
Goodwill	0	0	0	0	0	0	0	0
Intangible Assets	0	0	0	0	0	0	0	0
Long-Term Investments	0	1.67M	0	70K	0	0	0	570.66K
Other Non-Current Assets	20.18M	20.18M	4.07M	20.18M	74K	313K	571K	340
Total Assets+	20.35M	22.21M	30.58M	94.92M	57.65M	38.53M	61.82M	57.2M
Asset Turnover	-	-	-	-	-	-	-	-
Asset Growth %	-	0.09%	0.38%	2.1%	-0.39%	-0.33%	0.6%	-0.07%
Total Current Liabilities+	144K	155K	456K	7.35M	12.67M	8.85M	5.36M	13.05M
Accounts Payable	0	155K	379K	0	10.75M	8.34M	5.27M	12.84M
Days Payables Outstanding	-	9.94K	10.4K	-	-	-	-	-
Short-Term Debt	0	0	0	56K	0	0	0	215.87K
Deferred Revenue (Current)	0	0	0	0	0	0	0	0
Other Current Liabilities	144K	0	0	7.29M	1.78M	365K	0	-215.87K
Current Ratio	0.90x	2.01x	13.58x	10.05x	2.75x	1.73x	7.35x	2.50x
Quick Ratio	0.90x	2.01x	13.58x	10.05x	2.74x	1.71x	7.33x	2.48x
Cash Conversion Cycle	-	-	-	-	-	-	-	-
Total Non-Current Liabilities+	0	1.27M	1.57M	1.01M	1.86M	1.46M	31.03M	53.43M
Long-Term Debt	0	0	0	0	0	0	29.36M	49.21M
Capital Lease Obligations	0	0	65K	79K	188K	90K	3K	217K
Deferred Tax Liabilities	0	0	0	0	0	0	0	0
Other Non-Current Liabilities	0	1.27M	1.51M	936K	1.67M	1.37M	1.67M	4M
Total Liabilities	144K	1.43M	2.03M	8.36M	14.53M	10.3M	36.39M	66.48M
Total Debt+	0	0	97K	135K	324K	235K	29.45M	49.64M
Net Debt	-92K	-241K	-6M	-73.46M	-33.57M	-14.54M	-9.41M	17.9M
Debt / Equity	-	-	0.00x	0.00x	0.01x	0.01x	1.16x	-
Debt / EBITDA	-	-	-	-	-	-	-	-
Net Debt / EBITDA	-	-	-	-	-	-	-	-
Interest Coverage	-	-	-	-3673.73x	-	-	-281.99x	-15.12x
Total Equity+	20.21M	20.78M	28.55M	86.56M	43.12M	28.23M	25.43M	-9.29M
Equity Growth %	-	0.03%	0.37%	2.03%	-0.5%	-0.35%	-0.1%	-1.37%
Book Value per Share	0.27	0.28	0.62	1.12	0.40	0.25	0.18	-0.06
Total Shareholders' Equity	12.29M	12.9M	20.73M	78.64M	35.21M	20.32M	17.52M	-17.2M
Common Stock	0	32.7M	43.1M	110.24M	119.56M	169.95M	206.36M	244.57M
Retained Earnings	-14.26M	-20.47M	-23.19M	-49.1M	-105.9M	-164.56M	-205.57M	-282.58M
Treasury Stock	0	0	0	0	0	0	0	0
Accumulated OCI	26.54M	671K	0	17.51M	1.72M	1.04M	1.58M	2.12M
Minority Interest	7.92M	7.88M	7.82M	7.91M	7.91M	7.91M	7.91M	7.91M

Cash Flow

	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	-1.83M	-2.76M	-4.66M	-14.11M	-46.66M	-58.39M	-38.31M	-58.39M
Operating CF Margin %	-	-	-	-	-	-	-	-
Operating CF Growth %	-	-0.51%	-0.69%	-2.03%	-2.31%	-0.25%	0.34%	-0.52%
Net Income	-1.92M	-1.92M	-2.78M	-25.99M	-56.86M	-58.72M	-41.08M	-77.08M
Depreciation & Amortization	2.07K	5.69K	13.3K	68K	408K	783K	928K	963.41K
Stock-Based Compensation	0	0	212	1.59M	4.9M	3.51M	5.13M	4M
Deferred Taxes	0	0	0	0	0	0	0	0
Other Non-Cash Items	-2.07K	-829.43K	-2.47M	7.55M	-1.96M	-1.83M	100K	6.36M
Working Capital Changes	93.24K	25.62K	601.67K	2.67M	6.85M	-2.14M	-3.39M	7.37M
Change in Receivables	6.22K	-30.37K	0	0	0	0	0	0
Change in Inventory	0	0	0	0	0	0	0	0
Change in Payables	0	0	0	2.8M	7.47M	-2.54M	-3.4M	0
Cash from Investing+	38.33K	-7.59K	-78.79K	-684K	-1.09M	-1.35M	-347K	-2.66M
Capital Expenditures	0	-7.59K	-7.16K	-684K	-1.68M	-1.12M	-89K	-250K
CapEx % of Revenue	-	-	-	-	-	-	-	-
Acquisitions	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-
Other Investing	0	0	-70K	0	596K	-239K	-258K	-2.17M
Cash from Financing+	1.78M	2.91M	10.67M	81.17M	7.21M	41.25M	62.27M	54.47M
Debt Issued (Net)	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-
Dividends Paid	0	0	0	0	0	0	0	0
Share Repurchases	-	-	-	-	-	-	-	-
Other Financing	1.78M	2.91M	-66K	2.67M	7.48M	41.41M	22.43M	86K
Net Change in Cash	-	-	-	-	-	-	-	-
Free Cash Flow+	-1.83M	-2.76M	-4.66M	-14.8M	-48.34M	-59.51M	-38.4M	-61.05M
FCF Margin %	-	-	-	-	-	-	-	-
FCF Growth %	-	-0.51%	-0.69%	-2.17%	-2.27%	-0.23%	0.35%	-0.59%
FCF per Share	-0.02	-0.04	-0.10	-0.19	-0.45	-0.52	-0.27	-0.39
FCF Conversion (FCF/Net Income)	0.95x	1.44x	1.68x	0.54x	0.82x	1.00x	0.93x	0.76x
Interest Paid	0	0	0	0	0	0	87K	4.75M
Taxes Paid	0	0	0	0	0	0	0	0

Key Ratios

Metric	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	-9.5%	-9.35%	-11.26%	-45.03%	-87.6%	-164.42%	-152.86%	-954.42%
Return on Invested Capital (ROIC)	-7.19%	-10.5%	-19.35%	-81.36%	-393.1%	-389.23%	-207.86%	-444.45%
Debt / Equity	-	-	0.00x	0.00x	0.01x	0.01x	1.16x	-
Interest Coverage	-	-	-	-3673.73x	-	-	-281.99x	-15.12x
FCF Conversion	0.95x	1.44x	1.68x	0.54x	0.82x	1.00x	0.93x	0.76x

Frequently Asked Questions

Growth & Financials

Solaris Resources Inc. (SLSR) grew revenue by 0.0% over the past year. Growth has been modest.

Solaris Resources Inc. (SLSR) reported a net loss of $58.0M for fiscal year 2024.

Dividend & Returns

Solaris Resources Inc. (SLSR) has a return on equity (ROE) of -954.4%. Negative ROE indicates the company is unprofitable.

Solaris Resources Inc. (SLSR) generated $32.9M in free cash flow for fiscal year 2024. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

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