Executive Summary
Fin Resources Limited engages in the exploration and evaluation of mineral properties in Western Australia. More Details
Risk Analysis
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 is more volatile than 75% of Australian stocks over the past 3 months, typically moving +/- 16% a week.
Volatility Over Time: FIN's weekly volatility (16%) has been stable over the past year, but is still higher than 75% of Australian stocks.
Market Performance
7 Day Return
9.5%
FIN
-0.4%
AU Metals and Mining
1.4%
AU Market
1 Year Return
64.3%
FIN
25.8%
AU Metals and Mining
-0.6%
AU Market
Return vs Industry: FIN exceeded the Australian Metals and Mining industry which returned 25.8% over the past year.
Return vs Market: FIN exceeded the Australian Market which returned -0.6% over the past year.
Shareholder returns
| FIN | Industry | Market | |
|---|---|---|---|
| 7 Day | 9.5% | -0.4% | 1.4% |
| 30 Day | 21.1% | 7.3% | 3.0% |
| 90 Day | -11.5% | 23.6% | 11.9% |
| 1 Year | 64.3%64.3% | 32.6%25.8% | 2.8%-0.6% |
| 3 Year | n/a | 71.3%47.6% | 27.0%11.4% |
| 5 Year | -23.3%-23.3% | 277.7%207.4% | 68.6%34.6% |
Long-Term 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
3 weeks ago | Simply Wall St
Should You Take Comfort From Insider Transactions At Fin Resources Limited (ASX:FIN)?4 months ago | Simply Wall St
Need To Know: Fin Resources Limited (ASX:FIN) Insiders Have Been Buying Shares7 months ago | Simply Wall St
Have Insiders Been Buying Fin Resources Limited (ASX:FIN) Shares This Year?Valuation
Is Fin Resources undervalued compared to its fair value and its price relative to the market?
1.6x
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 AU 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 (1.6x) compared to the AU Metals and Mining industry average (3x).
Next Steps
Future Growth
How is Fin Resources forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
7.3%
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.
Next Steps
- Examine Fin Resources's financial health to determine how well-positioned it is against times of financial stress by looking at its level of debt over time and how much cash it has left.
- Fin Resources competitive advantages and company strategy can generally be found in its financial reports archived here.
- Explore growth companies in the Materials industry.
Past Performance
How has Fin Resources performed over the past 5 years?
36.5%
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 36.5% 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 (38%).
Return on Equity
High ROE: FIN has a negative Return on Equity (-7.02%), as it is currently unprofitable.
Next Steps
Financial Health
How is Fin Resources's financial position?
Financial Position Analysis
Short Term Liabilities: FIN's short term assets (A$3.5M) exceed its short term liabilities (A$30.8K).
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: 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
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?
2.7yrs
Average board tenure
CEO
Fin Resources has no CEO, or we have no data on them.
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Non-Executive Director | 9.5yrs | AU$49.24k | 2.4% A$ 161.0k | |
| Independent Non-Executive Director | 0.58yr | no data | 0.34% A$ 23.0k | |
| Independent Non-Executive Director | 2.67yrs | AU$39.82k | no data |
2.7yrs
Average Tenure
Experienced Board: FIN's board of directors are not considered experienced ( 2.7 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 not been meaningfully diluted in the past year.
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: 1985
- Industry: Diversified Metals and Mining
- Sector: Materials
- Market Cap: AU$6.709m
- 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
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| FIN | ASX (Australian Securities Exchange) | Yes | Ordinary Shares | AU | AUD | Jan 1992 |
| FIN | CHIA (Chi-X Australia) | Yes | Ordinary Shares | AU | AUD | Jan 1992 |
Biography
Fin Resources Limited engages in the exploration and evaluation of mineral properties in Western Australia. The company intends to explore for gold, base metals, and graphite deposits. It holds 51% interes...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/01/24 07:06 |
| End of Day Share Price | 2021/01/22 00:00 |
| Earnings | 2020/06/30 |
| Annual Earnings | 2020/06/30 |
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.