ASX:FMS

Stock Analysis Report

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Executive Summary

Flinders Mines Limited explores for and develops mineral properties in Australia. More Details


Snowflake Analysis

Mediocre balance sheet and overvalued.


Similar Companies

Share Price & News

How has Flinders Mines's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: FMS is more volatile than 90% of Australian stocks over the past 3 months, typically moving +/- 23% a week.

Volatility Over Time: FMS's weekly volatility (23%) has been stable over the past year, but is still higher than 75% of Australian stocks.


Market Performance


7 Day Return

26.2%

FMS

1.3%

AU Metals and Mining

-0.6%

AU Market


1 Year Return

-57.4%

FMS

15.6%

AU Metals and Mining

0.009%

AU Market

Return vs Industry: FMS underperformed the Australian Metals and Mining industry which returned 15.6% over the past year.

Return vs Market: FMS underperformed the Australian Market which returned 0% over the past year.


Shareholder returns

FMSIndustryMarket
7 Day26.2%1.3%-0.6%
30 Day-27.8%9.2%11.0%
90 Day-60.6%1.5%8.8%
1 Year-55.1%-57.4%21.8%15.6%3.4%0.009%
3 Year-61.7%-63.9%58.6%36.7%23.0%7.8%
5 Year113.1%100.0%210.4%151.5%58.4%26.1%

Long-Term Price Volatility Vs. Market

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


Simply Wall St News

Valuation

Is Flinders Mines undervalued compared to its fair value and its price relative to the market?

1.68x

Price to Book (PB) ratio


Share Price vs. Fair Value

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

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


Price To Earnings Ratio

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

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


Price to Book Ratio

PB vs Industry: FMS is good value based on its PB Ratio (1.7x) compared to the AU Metals and Mining industry average (2.5x).


Next Steps

Future Growth

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

2.7%

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 Flinders Mines 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 Flinders Mines performed over the past 5 years?

36.9%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: FMS is currently unprofitable.

Growing Profit Margin: FMS is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: FMS is unprofitable, but has reduced losses over the past 5 years at a rate of 36.9% per year.

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

Earnings vs Industry: FMS is unprofitable, making it difficult to compare its past year earnings growth to the Metals and Mining industry (38%).


Return on Equity

High ROE: FMS has a negative Return on Equity (-12.41%), as it is currently unprofitable.


Next Steps

Financial Health

How is Flinders Mines's financial position?


Financial Position Analysis

Short Term Liabilities: FMS's short term assets (A$4.6M) exceed its short term liabilities (A$587.0K).

Long Term Liabilities: FMS's short term assets (A$4.6M) exceed its long term liabilities (A$3.8M).


Debt to Equity History and Analysis

Debt Level: FMS's debt to equity ratio (4.8%) is considered satisfactory.

Reducing Debt: Insufficient data to determine if FMS'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: FMS has less than a year of cash runway based on its current free cash flow.

Forecast Cash Runway: FMS has less than a year of cash runway if free cash flow continues to reduce at historical rates of 0.2% each year


Next Steps

Dividend

What is Flinders Mines's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

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

High Dividend: Unable to evaluate FMS'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 FMS's dividends per share have been stable in the past.

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

4.0yrs

Average board tenure


CEO

Flinders Mines has no CEO, or we have no data on them.


Board Members

NamePositionTenureCompensationOwnership
Neil Warburton
Independent Non-Executive Chairman4yrsAU$233.00kno data
Michael Wolley
Non-Independent Non-Executive Director4.17yrsAU$119.00kno data
James Gurry
Independent Non-Executive Director1.25yrsAU$124.74k0.024%
A$ 26.3k
Cheryl Edwardes
Independent Non-Executive Deputy Chairperson of the Board1.42yrsAU$229.00k0.012%
A$ 13.4k
Evan Davies
Non-Independent Non-Executive Director4.17yrsAU$119.00kno data

4.0yrs

Average Tenure

64yo

Average Age

Experienced Board: FMS's board of directors are considered experienced (4 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 been diluted in the past year, with total shares outstanding growing by 21.1%.


Top Shareholders

Company Information

Flinders Mines Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Flinders Mines Limited
  • Ticker: FMS
  • Exchange: ASX
  • Founded: 2000
  • Industry: Steel
  • Sector: Materials
  • Market Cap: AU$109.751m
  • Shares outstanding: 168.85m
  • Website: https://www.flindersmines.com

Location

  • Flinders Mines Limited
  • 45 Ventnor Avenue
  • West Perth
  • Western Australia
  • 6005
  • Australia

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
FMSASX (Australian Securities Exchange)YesOrdinary SharesAUAUDFeb 2002
FLND.FOTCPK (Pink Sheets LLC)YesOrdinary SharesUSUSDFeb 2002
FMSCHIA (Chi-X Australia)YesOrdinary SharesAUAUDFeb 2002
FMSDAASX (Australian Securities Exchange)NPV DFD 01/12/20(EX-SPLIT)AUAUDNov 2020

Biography

Flinders Mines Limited explores for and develops mineral properties in Australia. The company explores for iron, gold, and base metal deposits. Its flagship asset is the Pilbara iron ore project located in...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/12/02 07:02
End of Day Share Price2020/12/02 00:00
Earnings2020/06/30
Annual Earnings2020/06/30


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.