company background image
FIN

Fin ResourcesASX:FIN Stock Report

Market Cap

AU$22.1m

7D

5.0%

1Y

23.5%

Updated

18 Oct, 2021

Data

Company Financials
FIN fundamental analysis
Snowflake Score
Valuation0/6
Future Growth0/6
Past Performance0/6
Financial Health6/6
Dividends0/6

FIN Overview

Fin Resources Limited engages in the exploration and evaluation of mineral properties in Western Australia.

Price History & Performance

Summary of all time highs, changes and price drops for Fin Resources
Historical stock prices
Current Share PriceAU$0.042
52 Week HighAU$0.015
52 Week LowAU$0.062
Beta1.34
1 Month Change-6.67%
3 Month Change5.00%
1 Year Change23.53%
3 Year Change133.33%
5 Year Changen/a
Change since IPO-100.00%

Recent News & Updates

Jan 03
Should You Take Comfort From Insider Transactions At Fin Resources Limited (ASX:FIN)?

Should You Take Comfort From Insider Transactions At Fin Resources Limited (ASX:FIN)?

We often see insiders buying up shares in companies that perform well over the long term. On the other hand, we'd be...

Shareholder Returns

FINAU Metals and MiningAU Market
7D5.0%4.3%0.9%
1Y23.5%12.2%20.2%

Return vs Industry: FIN exceeded the Australian Metals and Mining industry which returned 12.2% over the past year.

Return vs Market: FIN exceeded the Australian Market which returned 20.2% over the past year.

Price Volatility

Is FIN's price volatile compared to industry and market?
FIN volatility
FIN Beta1.34
Industry Beta0.97
Market Beta1

Stable Share Price: FIN is not significantly more volatile than the rest of Australian stocks over the past 3 months, typically moving +/- 10% a week.

Volatility Over Time: FIN's weekly volatility has decreased from 16% to 10% over the past year.

About the Company

FoundedEmployeesCEOWebsite
1985n/an/ahttps://www.finresources.com.au

Fin Resources Limited engages in the exploration and evaluation of mineral properties in Western Australia. The company explore for gold, base metals, graphite, nickel, copper, and cobalt deposits. It holds 80% interests in the North Onslow Solar Salt Project covering an area of 425 square kilometers; 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 located in Western Australia.

Fin Resources Fundamentals Summary

How do Fin Resources's earnings and revenue compare to its market cap?
FIN fundamental statistics
Market CapAU$22.07m
Earnings (TTM)-AU$880.12k
Revenue (TTM)n/a

0x

P/S Ratio

-24.6x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
FIN income statement (TTM)
RevenueAU$0
Cost of RevenueAU$0
Gross ProfitAU$0
ExpensesAU$880.12k
Earnings-AU$880.12k

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)-0.0017
Gross Margin0.00%
Net Profit Margin0.00%
Debt/Equity Ratio0.0%

How did FIN perform over the long term?

See historical performance and comparison

Valuation

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

3.82x

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 Australian 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 overvalued based on its PB Ratio (3.8x) compared to the AU Metals and Mining industry average (2.6x).


Future Growth

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

-0.3%

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.


Past Performance

How has Fin Resources performed over the past 5 years?

9.3%

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 9.3% 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 (35.3%).


Return on Equity

High ROE: FIN has a negative Return on Equity (-15.59%), as it is currently unprofitable.


Financial Health

How is Fin Resources's financial position?


Financial Position Analysis

Short Term Liabilities: FIN's short term assets (A$5.1M) exceed its short term liabilities (A$352.6K).

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


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: FIN has sufficient cash runway for more than 3 years if free cash flow continues to grow at historical rates of 1% each year


Dividend

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


Dividend Yield vs Market

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

High Dividend: Unable to evaluate FIN'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 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?

2.4yrs

Average board tenure


CEO

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


Board Members

Experienced Board: FIN's board of directors are not considered experienced ( 2.4 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.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have been substantially diluted in the past year, with total shares outstanding growing by 76%.


Top Shareholders

Company Information

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


Key Information

  • Name: Fin Resources Limited
  • Ticker: FIN
  • Exchange: ASX
  • Founded: 1985
  • Industry: Diversified Metals and Mining
  • Sector: Materials
  • Market Cap: AU$22.072m
  • Shares outstanding: 513.30m
  • Website: https://www.finresources.com.au

Location

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

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/18 07:04
End of Day Share Price2021/10/18 00:00
Earnings2021/06/30
Annual Earnings2021/06/30


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.