ASX:FIN

Stock Analysis Report

Executive Summary

Fin Resources Limited focuses on exploring mineral properties in Western Australia.


Snowflake Analysis

Excellent balance sheet and overvalued.

Share Price & News

How has Fin Resources's share price performed over time and what events caused price changes?


Latest Share Price and Events

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


Market Performance


7 Day Return

0%

FIN

0.3%

AU Metals and Mining

0.02%

AU Market


1 Year Return

-13.3%

FIN

5.8%

AU Metals and Mining

14.6%

AU Market

Return vs Industry: FIN underperformed the Australian Metals and Mining industry which returned 5.8% over the past year.

Return vs Market: FIN underperformed the Australian Market which returned 14.6% over the past year.


Shareholder returns

FINIndustryMarket
7 Day0%0.3%0.02%
30 Day-7.1%-5.3%0.2%
90 Day8.3%5.3%5.7%
1 Year-13.3%-13.3%11.3%5.8%19.7%14.6%
3 Yearn/a57.1%38.0%38.7%20.2%
5 Year30.0%30.0%83.6%40.5%50.6%17.1%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

Is Fin Resources undervalued compared to its fair value and its price relative to the market?

0.85x

Price to Book (PB) ratio


Share Price vs. Fair Value

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

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


Price To Earnings Ratio

PE vs Industry: FIN is unprofitable, so we can't compare its PE Ratio to the Metals and Mining industry average.

PE vs Market: FIN 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 FIN's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: FIN is good value based on its PB Ratio (0.8x) compared to the AU Metals and Mining industry average (1.4x).


Next Steps

Future Growth

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

-1.2%

Forecasted Materials 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 Fin Resources 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 Fin Resources performed over the past 5 years?

57.8%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: FIN is currently unprofitable.

Growing Profit Margin: FIN is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: FIN is unprofitable, but has reduced losses over the past 5 years at a rate of 57.8% per year.

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

Earnings vs Industry: FIN is unprofitable, making it difficult to compare its past year earnings growth to the Metals and Mining industry (14.8%).


Return on Equity

High ROE: FIN has a negative Return on Equity (-6.15%), as it is currently unprofitable.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is Fin Resources's financial position?


Financial Position Analysis

Short Term Liabilities: FIN's short term assets (A$3.8M) exceed its short term liabilities (A$42.9K).

Long Term Liabilities: FIN has no long term liabilities.


Debt to Equity History and Analysis

Debt Level: FIN is debt free.

Reducing Debt: FIN has not had any debt for past 5 years.


Balance Sheet

Inventory Level: FIN has a low level of unsold assets or inventory.

Debt Coverage by Assets: Insufficient data to determine if FIN's debt is covered by short term assets.


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: FIN has sufficient cash runway for more than 3 years based on its current free cash flow.

Forecast Cash Runway: Insufficient data to determine if FIN has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.


Next Steps

Dividend

What is Fin Resources's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

companyn/amarketbottom25%2.3%markettop25%5.3%industryaverage4.4%forecastin3Yearsn/a

Current dividend yield vs market & industry

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

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


Stability and Growth of Payments

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

Growing Dividend: Insufficient data to determine if FIN'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 FIN'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?

1.8yrs

Average board tenure


CEO

Fin Resources has no CEO, or we have no data on them.


Board Members

NamePositionTenureCompensationOwnership
Jason Bontempo
Non-Executive Director8.6yrsAU$48.04kno data
Justin Tremain
Independent Director1.8yrsAU$38.62kno data
Andrew Radonjic
Non-Executive Director1.8yrsAU$38.62kno data

1.8yrs

Average Tenure

Experienced Board: FIN's board of directors are not considered experienced ( 1.8 years average tenure), which suggests a new board.


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.


Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 20.6%.


Top Shareholders

Company Information

Fin Resources Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Fin Resources Limited
  • Ticker: FIN
  • Exchange: ASX
  • Founded:
  • Industry: Diversified Metals and Mining
  • Sector: Materials
  • Market Cap: AU$3.792m
  • Shares outstanding: 291.69m
  • Website: https://www.finresources.com.au

Location

  • Fin Resources Limited
  • 35 Richardson Street
  • Level 1
  • West Perth
  • Western Australia
  • 6005
  • Australia

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
TMLASX (Australian Securities Exchange)NPV (ASX LISTING)AUAUDNo data
FINASX (Australian Securities Exchange)YesOrdinary SharesAUAUDJan 1992
FINCHIA (Chi-X Australia)YesOrdinary SharesAUAUDJan 1992

Biography

Fin Resources Limited focuses on exploring mineral properties in Western Australia. The company intends to explore for gold, base metals, and graphite deposits. It has a 51% interests in the McKenzie Springs project covering an area of approximately 134 square kilometers; the Sentinel project covering an area of approximately 44 square kilometers; and the South Big Bell project covering an area of approximately 50 square kilometers. The company was formerly known as Orca Energy Limited and changed its name to Fin Resources Limited in April 2018. Fin Resources Limited is based in West Perth, Australia. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/02/23 10:34
End of Day Share Price2020/02/19 00:00
Earnings2019/06/30
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.