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NRX

NoronexASX:NRX Stock Report

Market Cap

AU$26.5m

7D

-6.7%

1Y

n/a

Updated

26 Oct, 2021

Data

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

NRX Overview

Noronex Limited operates as a mineral exploration company.

Price History & Performance

Summary of all time highs, changes and price drops for Noronex
Historical stock prices
Current Share PriceAU$0.14
52 Week HighAU$0.10
52 Week LowAU$0.19
Beta3.48
1 Month Change7.69%
3 Month Change-6.67%
1 Year Changen/a
3 Year Change16.67%
5 Year Changen/a
Change since IPO-36.36%

Recent News & Updates

Feb 24
We Think Noronex (ASX:NRX) Can Afford To Drive Business Growth

We Think Noronex (ASX:NRX) Can Afford To Drive Business Growth

There's no doubt that money can be made by owning shares of unprofitable businesses. For example, although Amazon.com...

Shareholder Returns

NRXAU Metals and MiningAU Market
7D-6.7%-0.4%0.8%
1Yn/a15.6%24.4%

Return vs Industry: Insufficient data to determine how NRX performed against the Australian Metals and Mining industry.

Return vs Market: Insufficient data to determine how NRX performed against the Australian Market.

Price Volatility

Is NRX's price volatile compared to industry and market?
NRX volatility
NRX Beta3.48
Industry Beta0.97
Market Beta1

Stable Share Price: NRX is not significantly more volatile than the rest of Australian stocks over the past 3 months, typically moving +/- 9% a week.

Volatility Over Time: NRX's weekly volatility (9%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
2015n/an/ahttps://noronexlimited.com.au

Noronex Limited operates as a mineral exploration company. The company primarily explores for base and precious metals, as well as copper deposit. Its flagship projects include the Witvlei and Dordabis projects comprising three prospecting licenses covering an area of approximately 78,000 hectares located in Kalahari Copper Belt, Namibia.

Noronex Fundamentals Summary

How do Noronex's earnings and revenue compare to its market cap?
NRX fundamental statistics
Market CapAU$26.53m
Earnings (TTM)-AU$2.15m
Revenue (TTM)n/a

0x

P/S Ratio

-12.4x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
NRX income statement (TTM)
RevenueAU$0
Cost of RevenueAU$0
Gross ProfitAU$0
ExpensesAU$2.15m
Earnings-AU$2.15m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)-0.011
Gross Margin0.00%
Net Profit Margin0.00%
Debt/Equity Ratio0.0%

How did NRX perform over the long term?

See historical performance and comparison

Valuation

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

5.2x

Price to Book (PB) ratio


Share Price vs. Fair Value

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

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


Price To Earnings Ratio

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

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


Price to Book Ratio

PB vs Industry: NRX is overvalued based on its PB Ratio (5.2x) compared to the AU Metals and Mining industry average (2.6x).


Future Growth

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

-0.5%

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 Noronex 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 Noronex performed over the past 5 years?

0.07%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: NRX is currently unprofitable.

Growing Profit Margin: NRX is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: NRX is unprofitable, but has reduced losses over the past 5 years at a rate of 0.07% per year.

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

Earnings vs Industry: NRX 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: NRX has a negative Return on Equity (-39.82%), as it is currently unprofitable.


Financial Health

How is Noronex's financial position?


Financial Position Analysis

Short Term Liabilities: NRX's short term assets (A$3.0M) exceed its short term liabilities (A$260.0K).

Long Term Liabilities: NRX has no long term liabilities.


Debt to Equity History and Analysis

Debt Level: NRX is debt free.

Reducing Debt: NRX currently has no debt however we can't compare to 5 years ago as we have no data for that period.


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: NRX has sufficient cash runway for more than a year based on its current free cash flow.

Forecast Cash Runway: NRX has sufficient cash runway for 1 years if free cash flow continues to reduce at historical rates of 30.4% each year.


Dividend

What is Noronex current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

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

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

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

1.4yrs

Average board tenure


CEO

Noronex has no CEO, or we have no data on them.


Board Members

Experienced Board: NRX's board of directors are not considered experienced ( 1.4 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 459.8%.


Top Shareholders

Company Information

Noronex Limited's employee growth, exchange listings and data sources


Key Information

  • Name: Noronex Limited
  • Ticker: NRX
  • Exchange: ASX
  • Founded: 2015
  • Industry: Copper
  • Sector: Materials
  • Market Cap: AU$26.528m
  • Shares outstanding: 189.49m
  • Website: https://noronexlimited.com.au

Location

  • Noronex Limited
  • 295 Rokeby Road
  • Suite 1
  • Subiaco
  • Western Australia
  • 6008
  • Australia

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/26 07:02
End of Day Share Price2021/10/25 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.