CNSX:PSE

Stock Analysis Report

Pasinex Resources

Executive Summary

Pasinex Resources Limited acquires, explores for, and develops mineral properties.


Snowflake Analysis

Worrying balance sheet with weak fundamentals.

Share Price & News

How has Pasinex Resources's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: PSE has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

-20.0%

PSE

1.9%

CA Metals and Mining

1.4%

CA Market


1 Year Return

-71.4%

PSE

28.1%

CA Metals and Mining

10.1%

CA Market

Return vs Industry: PSE underperformed the Canadian Metals and Mining industry which returned 26.9% over the past year.

Return vs Market: PSE underperformed the Canadian Market which returned 10.4% over the past year.


Shareholder returns

PSEIndustryMarket
7 Day-20.0%1.9%1.4%
30 Day0%5.1%2.6%
90 Day-20.0%10.8%6.5%
1 Year-71.4%-71.4%29.0%28.1%13.7%10.1%
3 Year-84.6%-84.6%-1.6%-3.4%17.8%7.1%
5 Yearn/a26.4%22.2%36.3%16.3%

Price Volatility Vs. Market

How volatile is Pasinex Resources's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

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

4.37x

Price to Book (PB) ratio


Share Price vs. Fair Value

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

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


Price To Earnings Ratio

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

PE vs Market: PSE is unprofitable, so we can't compare its PE Ratio to the Canadian market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate PSE's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: PSE is overvalued based on its PB Ratio (4.2x) compared to the CA Metals and Mining industry average (1.5x).


Next Steps

Future Growth

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

15.5%

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 Pasinex Resources 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

Past Performance

How has Pasinex Resources performed over the past 5 years?

-23.2%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: PSE is currently unprofitable.

Growing Profit Margin: PSE is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: PSE is unprofitable, and losses have increased over the past 5 years at a rate of -23.2% per year.

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

Earnings vs Industry: PSE is unprofitable, making it difficult to compare its past year earnings growth to the Metals and Mining industry (-1.4%).


Return on Equity

High ROE: PSE has a negative Return on Equity (-2301.45%), as it is currently unprofitable.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is Pasinex Resources's financial position?


Financial Position Analysis

Short Term Liabilities: PSE's short term assets (CA$379.3K) do not cover its short term liabilities (CA$1.9M).

Long Term Liabilities: PSE has no long term liabilities.


Debt to Equity History and Analysis

Debt Level: PSE's debt to equity ratio (211.6%) is considered high.

Reducing Debt: Insufficient data to determine if PSE's debt to equity ratio has reduced over the past 5 years.


Balance Sheet

Inventory Level: PSE has a high level of physical assets or inventory.

Debt Coverage by Assets: PSE's debt is not covered by short term assets (assets are 0.4x debt).


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: Insufficient data to determine if PSE has enough cash runway based on its current free cash flow.

Forecast Cash Runway: Insufficient data to determine if PSE has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.


Next Steps

Dividend

What is Pasinex Resources's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

companyn/amarketbottom25%1.9%markettop25%5.4%industryaverage1.1%forecastin3Yearsn/a

Current dividend yield vs market & industry

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

High Dividend: Unable to evaluate PSE's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if PSE's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if PSE'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 PSE's dividend in 3 years as they are not forecast to pay a notable one for the Canadian market.


Next Steps

Management

What is the CEO of Pasinex Resources's salary, the management and board of directors tenure and is there insider trading?

2.5yrs

Average management tenure


CEO

Steve Williams 0

9.8yrs

Tenure

CA$144,000

Compensation

Mr. Steven Robert Williams, also known as Steve, MBA, has been the Chief Executive Officer and President of Pasinex Resources Limited since April 23, 2012 and March 2010 respectively. Mr. Williams served a ...


Management Age and Tenure

2.5yrs

Average Tenure

Experienced Management: PSE's management team is considered experienced (2.5 years average tenure).


Board Age and Tenure

5.2yrs

Average Tenure

Experienced Board: PSE's board of directors are considered experienced (5.2 years average tenure).


Insider Trading

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 not been meaningfully diluted in the past year.


Management Team

  • Andrew Gottwald

    Chief Financial Officer

    • Tenure: 0.5yrs
  • Steve Williams

    CEO, President & Director

    • Tenure: 9.8yrs
    • Compensation: CA$144.00k
  • Evan White

    Manager of Corporate Communications

    • Tenure: 2.5yrs

Board Members

  • Jonathan Challis (67yo)

    Independent Director

    • Tenure: 5.3yrs
  • Vic Wells (79yo)

    Chairman of the Board

    • Tenure: 3.3yrs
    • Compensation: CA$24.00k
  • Steve Williams

    CEO, President & Director

    • Tenure: 9.8yrs
    • Compensation: CA$144.00k
  • Larry Seeley

    Director

    • Tenure: 5.2yrs
  • Joachim Rainer

    Independent Director

    • Tenure: 5.2yrs

Company Information

Pasinex Resources Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Pasinex Resources Limited
  • Ticker: PSE
  • Exchange: CNSX
  • Founded: 2006
  • Industry: Diversified Metals and Mining
  • Sector: Materials
  • Market Cap: €1.371m
  • Listing Market Cap: €1.985m
  • Shares outstanding: 144.35m
  • Website: https://www.pasinex.com

Location

  • Pasinex Resources Limited
  • 82 Richmond Street East
  • Suite 200
  • Toronto
  • Ontario
  • M5C 1P1
  • Canada

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
PNXDB (Deutsche Boerse AG)YesCommon SharesDEEURApr 2009
PSECNSX (Canadian National Stock Exchange)YesCommon SharesCACADApr 2009
PSXR.FOTCPK (Pink Sheets LLC)YesCommon SharesUSUSDApr 2009

Biography

Pasinex Resources Limited acquires, explores for, and develops mineral properties. The company explores for zinc, lead, silver, and copper deposits. It holds a 50% interest in the Pinargozu zinc mine located in Adana Province, Turkey. The company also holds an option to acquire 80% interest in the Spur zinc exploration project in Nevada. Pasinex Resources Limited was incorporated in 2006 and is headquartered in Toronto, Canada. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/01/21 00:58
End of Day Share Price2020/01/20 00:00
Earnings2019/09/30
Annual Earnings2018/12/31


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.