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ONX

OrminexASX:ONX Stock Report

Market Cap

AU$19.7m

7D

2.9%

1Y

50.0%

Updated

25 Oct, 2021

Data

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

ONX Overview

Orminex Limited operates as a gold development and exploration company in Australia.

Price History & Performance

Summary of all time highs, changes and price drops for Orminex
Historical stock prices
Current Share PriceAU$0.036
52 Week HighAU$0.019
52 Week LowAU$0.091
Beta1.84
1 Month Change-12.20%
3 Month Change9.09%
1 Year Change50.00%
3 Year Change-83.64%
5 Year Changen/a
Change since IPO-100.00%

Recent News & Updates

Shareholder Returns

ONXAU Metals and MiningAU Market
7D2.9%-1.7%0.6%
1Y50.0%10.8%21.3%

Return vs Industry: ONX exceeded the Australian Metals and Mining industry which returned 10.8% over the past year.

Return vs Market: ONX exceeded the Australian Market which returned 21.3% over the past year.

Price Volatility

Is ONX's price volatile compared to industry and market?
ONX volatility
ONX Beta1.84
Industry Beta0.97
Market Beta1

Stable Share Price: ONX is more volatile than 75% of Australian stocks over the past 3 months, typically moving +/- 15% a week.

Volatility Over Time: ONX's weekly volatility (15%) has been stable over the past year, but is still higher than 75% of Australian stocks.

About the Company

FoundedEmployeesCEOWebsite
1970n/an/ahttps://www.orminex.com.au

Orminex Limited operates as a gold development and exploration company in Australia. The company holds a 51% interest in the Comet Vale project located to the northwest of Kalgoorlie, Western Australia; a 50% interest in the Penny's Find project located in Western Australia; and a 100% ownership in Golden Lode project located to the northwest of Kalgoorlie, Western Australia. It also holds an agreement to acquire a 100% interest in the Rocmec gold project and the Denain gold project located in the Abitibi Belt region of Quebec, Canada.

Orminex Fundamentals Summary

How do Orminex's earnings and revenue compare to its market cap?
ONX fundamental statistics
Market CapAU$19.72m
Earnings (TTM)-AU$4.07m
Revenue (TTM)n/a

0x

P/S Ratio

-4.8x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
ONX income statement (TTM)
RevenueAU$0
Cost of RevenueAU$0
Gross ProfitAU$0
ExpensesAU$4.07m
Earnings-AU$4.07m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)-0.0074
Gross Margin0.00%
Net Profit Margin0.00%
Debt/Equity Ratio0.0%

How did ONX perform over the long term?

See historical performance and comparison

Valuation

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

2.55x

Price to Book (PB) ratio


Share Price vs. Fair Value

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

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


Price To Earnings Ratio

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

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


Price to Book Ratio

PB vs Industry: ONX's PB Ratio (2.5x) is in line with the AU Metals and Mining industry average.


Future Growth

How is Orminex 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 Orminex 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 Orminex performed over the past 5 years?

-42.1%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: ONX is currently unprofitable.

Growing Profit Margin: ONX is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: ONX is unprofitable, and losses have increased over the past 5 years at a rate of 42.1% per year.

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

Earnings vs Industry: ONX 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: ONX has a negative Return on Equity (-52.57%), as it is currently unprofitable.


Financial Health

How is Orminex's financial position?


Financial Position Analysis

Short Term Liabilities: ONX's short term assets (A$5.6M) exceed its short term liabilities (A$2.1M).

Long Term Liabilities: ONX has no long term liabilities.


Debt to Equity History and Analysis

Debt Level: ONX is debt free.

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

Forecast Cash Runway: ONX has sufficient cash runway for 2.4 years if free cash flow continues to grow at historical rates of 24% each year.


Dividend

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


Dividend Yield vs Market

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

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

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

3.7yrs

Average management tenure


CEO

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


Leadership Team

Experienced Management: ONX's management team is considered experienced (3.7 years average tenure).


Board Members

Experienced Board: ONX's board of directors are not considered experienced ( 0.3 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

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


Key Information

  • Name: Orminex Limited
  • Ticker: ONX
  • Exchange: ASX
  • Founded: 1970
  • Industry: Gold
  • Sector: Materials
  • Market Cap: AU$19.724m
  • Shares outstanding: 547.89m
  • Website: https://www.orminex.com.au

Location

  • Orminex Limited
  • Level 1, Suite 5
  • 460 Roberts Road
  • 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 Analysis2021/10/25 16:38
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.