Executive Summary
Poseidon Nickel Limited engages in the exploration, development, mining, and production of nickel and other mineral properties in Australia. More Details
Risk Analysis
Snowflake Analysis
Adequate balance sheet with weak fundamentals.
Similar Companies
Share Price & News
How has Poseidon Nickel's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: POS's share price has been volatile over the past 3 months.
Market Performance
7 Day Return
5.8%
POS
-2.7%
AU Metals and Mining
-1.6%
AU Market
1 Year Return
5.8%
POS
9.8%
AU Metals and Mining
-10.9%
AU Market
Return vs Industry: POS underperformed the Australian Metals and Mining industry which returned 9.8% over the past year.
Return vs Market: POS exceeded the Australian Market which returned -10.9% over the past year.
Shareholder returns
| POS | Industry | Market | |
|---|---|---|---|
| 7 Day | 5.8% | -2.7% | -1.6% |
| 30 Day | -5.2% | -4.4% | -3.7% |
| 90 Day | 103.7% | 2.6% | -1.4% |
| 1 Year | 5.8%5.8% | 14.9%9.8% | -7.7%-10.9% |
| 3 Year | 120.0%120.0% | 60.4%38.3% | 16.2%1.3% |
| 5 Year | -11.3%-11.3% | 123.8%80.7% | 37.8%9.6% |
Price Volatility Vs. Market
How volatile is Poseidon Nickel's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 month ago | Simply Wall St
What Type Of Shareholders Own The Most Number of Poseidon Nickel Limited (ASX:POS) Shares?2 years ago | Simply Wall St
What does Poseidon Nickel Limited's (ASX:POS) Balance Sheet Tell Us About Its Future?2 years ago | Simply Wall St
One Thing To Consider Before Buying Poseidon Nickel Limited (ASX:POS)Valuation
Is Poseidon Nickel undervalued compared to its fair value and its price relative to the market?
2.37x
Price to Book (PB) ratio
Share Price vs. Fair Value
Below Fair Value: Insufficient data to calculate POS's fair value to establish if it is undervalued.
Significantly Below Fair Value: Insufficient data to calculate POS's fair value to establish if it is undervalued.
Price To Earnings Ratio
PE vs Industry: POS is unprofitable, so we can't compare its PE Ratio to the AU Metals and Mining industry average.
PE vs Market: POS 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 POS's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: POS is overvalued based on its PB Ratio (2.4x) compared to the AU Metals and Mining industry average (2.2x).
Next Steps
Future Growth
How is Poseidon Nickel forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
2.6%
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 Poseidon Nickel 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 Poseidon Nickel'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.
- Poseidon Nickel 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 Poseidon Nickel performed over the past 5 years?
37.4%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: POS is currently unprofitable.
Growing Profit Margin: POS is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: POS is unprofitable, but has reduced losses over the past 5 years at a rate of 37.4% per year.
Accelerating Growth: Unable to compare POS's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: POS is unprofitable, making it difficult to compare its past year earnings growth to the Metals and Mining industry (19.4%).
Return on Equity
High ROE: POS has a negative Return on Equity (-20.98%), as it is currently unprofitable.
Next Steps
Financial Health
How is Poseidon Nickel's financial position?
Financial Position Analysis
Short Term Liabilities: POS's short term assets (A$45.9M) exceed its short term liabilities (A$30.2M).
Long Term Liabilities: POS's short term assets (A$45.9M) do not cover its long term liabilities (A$48.2M).
Debt to Equity History and Analysis
Debt Level: POS's debt to equity ratio (40.3%) is considered high.
Reducing Debt: POS's debt to equity ratio has reduced from 72% to 40.3% 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: POS has sufficient cash runway for more than 3 years based on its current free cash flow.
Forecast Cash Runway: POS has sufficient cash runway for more than 3 years if free cash flow continues to grow at historical rates of 3.3% each year
Next Steps
Dividend
What is Poseidon Nickel current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Notable Dividend: Unable to evaluate POS's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate POS'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 POS's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if POS'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 POS'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?
1.0yrs
Average management tenure
CEO
Peter Harold (57 yo)
0.92
Tenure
AU$543,085
Compensation
Mr. Peter John Harold, B.AppSc (Chem), AFAICD, serves as Chief Executive Officer and Director of Poseidon Nickel Limited since November 22, 2019 and its Managing Director since March 2020. He serves as an ...
CEO Compensation Analysis
Compensation vs Market: Peter's total compensation ($USD389.31K) is above average for companies of similar size in the Australian market ($USD279.42K).
Compensation vs Earnings: Insufficient data to compare Peter's compensation with company performance.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| MD, CEO & Director | 0.92yr | AU$543.09k | no data | |
| CFO & Joint Company Secretary | 1.08yrs | AU$302.50k | no data | |
| Chief Geologist | 1.67yrs | no data | no data | |
| Joint Company Secretary | 0.92yr | no data | no data |
1.0yrs
Average Tenure
Experienced Management: POS's management team is not considered experienced ( 1 years average tenure), which suggests a new team.
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| MD, CEO & Director | 0.92yr | AU$543.09k | no data | |
| Independent Non-Executive Director | 0.17yr | no data | no data | |
| Independent Non-Executive Chairman | 0.83yr | AU$96.65k | no data | |
| Non-Executive Director | 2yrs | AU$74.09k | no data | |
| Non-Executive Director | 0.25yr | no data | no data |
0.8yrs
Average Tenure
Experienced Board: POS's board of directors are not considered experienced ( 0.8 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
Poseidon Nickel Limited's company bio, employee growth, exchange listings and data sources
Key Information
- Name: Poseidon Nickel Limited
- Ticker: POS
- Exchange: ASX
- Founded: 1993
- Industry: Diversified Metals and Mining
- Sector: Materials
- Market Cap: AU$140.063m
- Shares outstanding: 2.64b
- Website: https://poseidon-nickel.com.au
Location
- Poseidon Nickel Limited
- Churchill Court
- Unit 8
- Subiaco
- Western Australia
- 6008
- Australia
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| POS | ASX (Australian Securities Exchange) | Yes | Ordinary Shares | AU | AUD | Dec 1993 |
| NYG1 | DB (Deutsche Boerse AG) | Yes | Ordinary Shares | DE | EUR | Dec 1993 |
| PSDN.F | OTCPK (Pink Sheets LLC) | Yes | Ordinary Shares | US | USD | Dec 1993 |
| POS | CHIA (Chi-X Australia) | Yes | Ordinary Shares | AU | AUD | Dec 1993 |
Biography
Poseidon Nickel Limited engages in the exploration, development, mining, and production of nickel and other mineral properties in Australia. It holds interests in the Mt Windarra, the Black Swan, and the L ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/10/01 10:40 |
| End of Day Share Price | 2020/10/01 00:00 |
| Earnings | 2020/06/30 |
| Annual Earnings | 2020/06/30 |
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.