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PXX

PolarXASX:PXX Stock Report

Market Cap

AU$27.6m

7D

0%

1Y

30.0%

Updated

22 Oct, 2021

Data

Company Financials
PXX fundamental analysis
Snowflake Score
Valuation1/6
Future Growth0/6
Past Performance0/6
Financial Health4/6
Dividends0/6

PXX Overview

PolarX Limited engages in the exploration and development of mineral properties in the United States.

Price History & Performance

Summary of all time highs, changes and price drops for PolarX
Historical stock prices
Current Share PriceAU$0.039
52 Week HighAU$0.027
52 Week LowAU$0.06
Beta2.32
1 Month Change5.41%
3 Month Change18.18%
1 Year Change30.00%
3 Year Change-35.00%
5 Year Change-61.00%
Change since IPO-98.60%

Recent News & Updates

Sep 30
Companies Like PolarX (ASX:PXX) Could Be Quite Risky

Companies Like PolarX (ASX:PXX) Could Be Quite Risky

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

Shareholder Returns

PXXAU Metals and MiningAU Market
7D0%-0.3%0.7%
1Y30.0%12.5%21.4%

Return vs Industry: PXX exceeded the Australian Metals and Mining industry which returned 12.5% over the past year.

Return vs Market: PXX exceeded the Australian Market which returned 21.4% over the past year.

Price Volatility

Is PXX's price volatile compared to industry and market?
PXX volatility
PXX Beta2.32
Industry Beta0.97
Market Beta1

Stable Share Price: PXX is not significantly more volatile than the rest of Australian stocks over the past 3 months, typically moving +/- 11% a week.

Volatility Over Time: PXX's weekly volatility (11%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
19451Frazer Metallicahttps://www.polarx.com.au

PolarX Limited engages in the exploration and development of mineral properties in the United States. The company explores for copper, silver, and gold deposits. Its principal property is the Alaska Range project, which comprise Stellar and Caribou Dome project covering an area of approximately 262 square kilometers located in Alaska.

PolarX Fundamentals Summary

How do PolarX's earnings and revenue compare to its market cap?
PXX fundamental statistics
Market CapAU$27.56m
Earnings (TTM)-AU$1.30m
Revenue (TTM)n/a

0x

P/S Ratio

-20.2x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
PXX income statement (TTM)
RevenueAU$0
Cost of RevenueAU$0
Gross ProfitAU$0
ExpensesAU$1.30m
Earnings-AU$1.30m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)-0.0019
Gross Margin0.00%
Net Profit Margin0.00%
Debt/Equity Ratio0.0%

How did PXX perform over the long term?

See historical performance and comparison

Valuation

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

0.83x

Price to Book (PB) ratio


Share Price vs. Fair Value

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

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


Price To Earnings Ratio

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

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


Price to Book Ratio

PB vs Industry: PXX is good value based on its PB Ratio (0.8x) compared to the AU Metals and Mining industry average (2.6x).


Future Growth

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

-0.07%

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 PolarX 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 PolarX performed over the past 5 years?

-41.2%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: PXX is currently unprofitable.

Growing Profit Margin: PXX is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: PXX is unprofitable, and losses have increased over the past 5 years at a rate of 41.2% per year.

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

Earnings vs Industry: PXX 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: PXX has a negative Return on Equity (-4.1%), as it is currently unprofitable.


Financial Health

How is PolarX's financial position?


Financial Position Analysis

Short Term Liabilities: PXX's short term assets (A$3.9M) exceed its short term liabilities (A$177.2K).

Long Term Liabilities: PXX has no long term liabilities.


Debt to Equity History and Analysis

Debt Level: PXX is debt free.

Reducing Debt: PXX had no debt 5 years ago.


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: PXX has less than a year of cash runway based on its current free cash flow.

Forecast Cash Runway: PXX has less than a year of cash runway if free cash flow continues to reduce at historical rates of 16.4% each year


Dividend

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


Dividend Yield vs Market

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

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

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

5.5yrs

Average board tenure


CEO

Frazer Metallica

4.25yrs

Tenure

AU$210,490

Compensation

Dr. Charles Tabeart Terra Metallica, also known as Frazer, Ph D., BSc (Hons) ARSM, MAIG has been the Chief Executive officer and Managing Director at African Energy Resources Limited (also known as African...


Board Members

Experienced Board: PXX's board of directors are considered experienced (5.5 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.


Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 24.1%.


Top Shareholders

Company Information

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


Key Information

  • Name: PolarX Limited
  • Ticker: PXX
  • Exchange: ASX
  • Founded: 1945
  • Industry: Diversified Metals and Mining
  • Sector: Materials
  • Market Cap: AU$27.561m
  • Shares outstanding: 672.22m
  • Website: https://www.polarx.com.au

Number of Employees


Location

  • PolarX Limited
  • 245 Churchill Avenue
  • 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 Analysis2021/10/22 07:05
End of Day Share Price2021/10/22 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.