ASX:FZR

Stock Analysis Report

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Executive Summary

Fitzroy River Corporation Limited operates as an oil and gas investment holding company in Western Australia and the Gulf of Mexico.


Snowflake Analysis

Mediocre balance sheet with weak fundamentals.

Share Price & News

How has Fitzroy River's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: FZR has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

0%

FZR

-1.2%

AU Oil and Gas

2.2%

AU Market


1 Year Return

-24.3%

FZR

-33.5%

AU Oil and Gas

-10.5%

AU Market

Return vs Industry: FZR exceeded the Australian Oil and Gas industry which returned -33.5% over the past year.

Return vs Market: FZR underperformed the Australian Market which returned -10.5% over the past year.


Shareholder returns

FZRIndustryMarket
7 Day0%-1.2%2.2%
30 Day-12.5%-7.7%0.1%
90 Dayn/a10.3%17.5%
1 Year-24.3%-24.3%-30.6%-33.5%-6.9%-10.5%
3 Year-12.5%-12.5%-18.8%-28.9%16.1%0.8%
5 Year-44.0%-44.0%-22.9%-36.9%31.2%2.9%

Price Volatility Vs. Market

How volatile is Fitzroy River's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Fitzroy River undervalued compared to its fair value and its price relative to the market?

1.28x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate FZR's fair value to establish if it is undervalued.

Significantly Below Fair Value: Insufficient data to calculate FZR's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: FZR is unprofitable, so we can't compare its PE Ratio to the Oil and Gas industry average.

PE vs Market: FZR is unprofitable, so we can't compare its PE Ratio to the Australian market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate FZR's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: FZR is overvalued based on its PB Ratio (1.3x) compared to the AU Oil and Gas industry average (1.1x).


Next Steps

Future Growth

How is Fitzroy River forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

13.7%

Forecasted Energy industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Fitzroy River has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Next Steps

Past Performance

How has Fitzroy River performed over the past 5 years?

-6.9%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: FZR is currently unprofitable.

Growing Profit Margin: FZR is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: FZR is unprofitable, and losses have increased over the past 5 years at a rate of -6.9% per year.

Accelerating Growth: Unable to compare FZR's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: FZR is unprofitable, making it difficult to compare its past year earnings growth to the Oil and Gas industry (-15.6%).


Return on Equity

High ROE: FZR has a negative Return on Equity (-25.21%), as it is currently unprofitable.


Next Steps

Financial Health

How is Fitzroy River's financial position?


Financial Position Analysis

Short Term Liabilities: FZR's short term assets (A$8.7M) do not cover its short term liabilities (A$11.7M).

Long Term Liabilities: FZR has no long term liabilities.


Debt to Equity History and Analysis

Debt Level: FZR's debt to equity ratio (53.2%) is considered high.

Reducing Debt: Insufficient data to determine if FZR's debt to equity ratio has reduced over the past 5 years.


Balance Sheet


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: FZR has sufficient cash runway for more than 3 years based on its current free cash flow.

Forecast Cash Runway: FZR has sufficient cash runway for more than 3 years if free cash flow continues to grow at historical rates of 22.9% each year


Next Steps

Dividend

What is Fitzroy River current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

Notable Dividend: Unable to evaluate FZR's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate FZR's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if FZR's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if FZR's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of FZR's dividend in 3 years as they are not forecast to pay a notable one for the Australian market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

7.7yrs

Average board tenure


CEO

Fitzroy River has no CEO, or we have no data on them.


Board Members

NamePositionTenureCompensationOwnership
Justin Clyne
Company Secretary & Non-Executive Director6yrsAU$80.00kno data
Malcolm McComas
Independent Non-Executive Chairman7.67yrsAU$60.00k0.48% A$58.5k
Susan Thomas
Independent Non-Executive Director7.67yrsAU$40.00k21.01% A$2.5m

7.7yrs

Average Tenure

62yo

Average Age

Experienced Board: FZR's board of directors are considered experienced (7.7 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Fitzroy River Corporation Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Fitzroy River Corporation Limited
  • Ticker: FZR
  • Exchange: ASX
  • Founded: 1996
  • Industry: Oil and Gas Exploration and Production
  • Sector: Energy
  • Market Cap: AU$12.091m
  • Shares outstanding: 86.36m
  • Website: https://www.fitzroyriver.net.au

Location

  • Fitzroy River Corporation Limited
  • 28 O'Connell Street
  • Suite 6.02
  • Sydney
  • New South Wales
  • 2000
  • Australia

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
FZRASX (Australian Securities Exchange)YesOrdinary SharesAUAUDMar 1998
KIODB (Deutsche Boerse AG)YesOrdinary SharesDEEURMar 1998
FZRCHIA (Chi-X Australia)YesOrdinary SharesAUAUDMar 1998

Biography

Fitzroy River Corporation Limited operates as an oil and gas investment holding company in Western Australia and the Gulf of Mexico. The company focuses on non-operational assets, such as royalties, free carried interests, and equity investments. It holds royalty interests in various permits in the onshore Canning Superbasin, Western Australia. The company was incorporated in 1996 and is based in Sydney, Australia. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/07/08 10:34
End of Day Share Price2020/07/01 00:00
Earnings2019/12/31
Annual Earnings2019/06/30


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.