Orminex Limited operates as a gold development and exploration company in Australia.
Price History & Performance
|Historical stock prices|
|Current Share Price||AU$0.036|
|52 Week High||AU$0.019|
|52 Week Low||AU$0.091|
|1 Month Change||-12.20%|
|3 Month Change||9.09%|
|1 Year Change||50.00%|
|3 Year Change||-83.64%|
|5 Year Change||n/a|
|Change since IPO||-100.00%|
Recent News & Updates
|ONX||AU Metals and Mining||AU Market|
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.
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
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
|ONX fundamental statistics|
Is ONX overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|ONX income statement (TTM)|
|Cost of Revenue||AU$0|
Last Reported Earnings
Jun 30, 2021
Next Earnings Date
|Earnings per share (EPS)||-0.0074|
|Net Profit Margin||0.00%|
How did ONX perform over the long term?See historical performance and comparison
Is Orminex undervalued compared to its fair value and its price relative to the market?
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.
How is Orminex forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
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.
How has Orminex performed over the past 5 years?
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.
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.
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.
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.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Orminex has no CEO, or we have no data on them.
Experienced Management: ONX's management team is considered experienced (3.7 years average tenure).
Experienced Board: ONX's board of directors are not considered experienced ( 0.3 years average tenure), which suggests a new board.
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
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Orminex Limited's employee growth, exchange listings and data sources
- 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
- Orminex Limited
- Level 1, Suite 5
- 460 Roberts Road
- Western Australia
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/10/25 16:38|
|End of Day Share Price||2021/10/25 00:00|
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.