Executive Summary
Fin Resources Limited focuses on exploring mineral properties in Western Australia.
Rewards
Risk Analysis
Currently unprofitable and not forecast to become profitable over the next 3 years
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
2.5%
AU Metals and Mining
0.6%
AU Market
1 Year Return
-25.0%
FIN
27.5%
AU Metals and Mining
20.2%
AU Market
Return vs Industry: FIN underperformed the Australian Metals and Mining industry which returned 22% over the past year.
Return vs Market: FIN underperformed the Australian Market which returned 19.4% over the past year.
Shareholder returns
| FIN | Industry | Market | |
|---|---|---|---|
| 7 Day | 0% | 2.5% | 0.6% |
| 30 Day | -7.7% | 6.2% | 4.3% |
| 90 Day | 0% | 12.9% | 4.9% |
| 1 Year | -25.0%-25.0% | 33.9%27.5% | 25.6%20.2% |
| 3 Year | n/a | 58.6%38.9% | 39.4%20.7% |
| 5 Year | -7.7%-7.7% | 115.7%65.9% | 60.8%24.6% |
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
2 weeks ago | Simply Wall St
We're Not Very Worried About Fin Resources's (ASX:FIN) Cash Burn Rate7 months ago | Simply Wall St
Imagine Owning Fin Resources (ASX:FIN) While The Price Tanked 63%1 year ago | Simply Wall St
What Kind Of Shareholder Owns Most Fin Resources Limited (ASX:FIN) Stock?Valuation
Is Fin Resources undervalued compared to its fair value and its price relative to the market?
0.78x
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 (1.5x).
Next Steps
Future Growth
How is Fin Resources forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
2.0%
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?
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 (7.8%).
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
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
What is the CEO of Fin Resources's salary, the management and board of directors tenure and is there insider trading?
1.7yrs
Average board tenure
CEO
Fin Resources has no CEO, or we have no data on them.
Board Age and Tenure
1.7yrs
Average Tenure
Experienced Board: FIN's board of directors are not considered experienced ( 1.7 years average tenure), which suggests a new board.
Insider Trading
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%.
Management Team
Aaron Bertolatti (36yo)
Company Secretary
- Tenure: 5.3yrs
- Compensation: AU$68.62k
Board Members
Jason Bontempo (45yo)
Non-Executive Director
- Tenure: 8.5yrs
- Compensation: AU$48.04k
Justin Tremain
Independent Director
- Tenure: 1.7yrs
- Compensation: AU$38.62k
Andrew Radonjic
Non-Executive Director
- Tenure: 1.7yrs
- Compensation: AU$38.62k
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$3.500m
- 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 |
|---|---|---|---|---|---|---|
| TML | ASX (Australian Securities Exchange) | NPV (ASX LISTING) | AU | AUD | No data | |
| 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 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.Â
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/01/23 10:34 |
| End of Day Share Price | 2020/01/22 00:00 |
| Earnings | 2019/06/30 |
| Annual Earnings | 2019/06/30 |
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.