# Aclara Resources (ARA.TO) fundamentals

Data as of 2026-09-08. TSX, Canada. Sector: Basic Materials / Metals & Mining. Price C$3.56, market value C$883 million.

## Valuation
- **P/E (trailing): n/a** (negative earnings). Aclara Resources reported negative earnings over the last twelve months, so the P/E is not meaningful; use price-to-sales, EV/EBITDA and free-cash-flow yield instead.
- **Price / book: 3.2×**. The shares trade at 3.2× book value; book value is a meaningful part of the valuation.
- **Free-cash-flow yield: -8.8%** (5-yr avg -27.9%). Free cash flow is negative: the business is consuming cash, which is normal for heavy investment phases but a warning otherwise.

## Profitability
- **Return on equity: -5.5%**. Return on equity is negative because earnings are negative.
- **Return on invested capital: -6.8%**. Return on all capital, debt included, is -6.8%: close to or below the cost of capital, so growth may not create value.
- **Return on assets: -4.6%**. Each dollar of assets produces -4.6% of profit.

## Growth
- **EPS growth (1 yr): 8.3%**. Earnings per share rose 8.3%.

## Financial health
- **Debt to equity: 0.00**. Debt is 0.00 times equity: a conservative balance sheet.
- **Net debt / EBITDA: 1.6×**. It would take 1.6 years of operating earnings to repay net borrowings, within the comfortable range.
- **Current ratio: 2.60** (quick 2.60). Current assets cover the next year's liabilities 2.60 times.
- **Altman Z-score: 49.52**. A Z-score of 49.52 places the company in the safe zone for bankruptcy risk.
- **Piotroski F-score: 3/9**. 3 of 9 checks pass: weak or deteriorating financials.

## Dividends
- **Dividend: none**. Aclara Resources does not currently pay a dividend, but it returned -7.8% of its market value through buybacks over the last year.

## Analyst view
- **Analyst consensus: buy** (3 analysts). 3 analysts cover Aclara Resources; the consensus is buy, with an average price target of C$4.60 (+29% from the current price). Analyst opinion is shown for context; it is not part of the Fundamental Score.

## Price and momentum
- **Total return (1 yr): 114.5%** (YTD 64.8%, 3-mo -15.2%). The shares are up 114.5% over twelve months including dividends.
- **From 52-week high: -34.1%** (128.2% above the low). Trading 34% below its 52-week high, deep in a drawdown.
- **200-day average: below**. The price sits below its 200-day moving average, the usual definition of a downtrend.
- **RSI (14-day): 42**. An RSI of 42 is neutral.
- **Beta (1 yr): 2.40** (volatility 103%). Beta of 2.40 against the S&P/TSX Composite: the shares move much more than the market.

Live score and charts: https://foliofundamentals.com/analyzer?s=ARA.TO · Page: https://foliofundamentals.com/stocks/ara.to

Not investment advice.