CNSX:ZX

Stock Analysis Report

Zenith Exploration

Executive Summary

Zenith Exploration Inc., a resource exploration company, acquires and explores for mineral properties in Canada.


Snowflake Analysis

Adequate balance sheet with weak fundamentals.

Share Price & News

How has Zenith Exploration's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: ZX's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

0%

ZX

4.7%

CA Metals and Mining

0.1%

CA Market


1 Year Return

n/a

ZX

5.4%

CA Metals and Mining

4.5%

CA Market

Return vs Industry: Insufficient data to determine how ZX performed against the Canadian Metals and Mining industry.

Return vs Market: Insufficient data to determine how ZX performed against the Canadian Market.


Shareholder returns

ZXIndustryMarket
7 Day0%4.7%0.1%
30 Day-54.5%4.2%0.9%
90 Dayn/a14.1%3.7%
1 Yearn/a6.0%5.4%7.8%4.5%
3 Yearn/a0.2%-1.5%18.2%7.5%
5 Yearn/a26.6%22.9%33.7%14.2%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

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

3.45x

Price to Book (PB) ratio


Share Price vs. Fair Value

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

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


Price To Earnings Ratio

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

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


Price to Book Ratio

PB vs Industry: ZX is overvalued based on its PB Ratio (3.5x) compared to the CA Metals and Mining industry average (1.6x).


Next Steps

Future Growth

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

13.5%

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 Zenith Exploration 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 Zenith Exploration performed over the past 5 years?

-112.2%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: ZX is currently unprofitable.

Growing Profit Margin: ZX is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: ZX is unprofitable, and losses have increased over the past 5 years at a rate of -112.2% per year.

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

Earnings vs Industry: ZX is unprofitable, making it difficult to compare its past year earnings growth to the Metals and Mining industry (11.9%).


Return on Equity

High ROE: ZX has a negative Return on Equity (-120.23%), as it is currently unprofitable.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is Zenith Exploration's financial position?


Financial Position Analysis

Short Term Liabilities: ZX's short term assets (CA$116.8K) exceed its short term liabilities (CA$7.9K).

Long Term Liabilities: ZX has no long term liabilities.


Debt to Equity History and Analysis

Debt Level: ZX is debt free.

Reducing Debt: ZX had no debt 5 years ago.


Balance Sheet

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

Debt Coverage by Assets: Insufficient data to determine if ZX's debt is covered by short term assets.


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

Forecast Cash Runway: ZX has less than a year of cash runway if free cash flow continues to reduce at historical rates of -104.8% each year


Next Steps

Dividend

What is Zenith Exploration's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

companyn/amarketbottom25%2.0%markettop25%5.4%industryaverage1.2%forecastin3Yearsn/a

Current dividend yield vs market & industry

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

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

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


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

2.6yrs

Average board tenure


CEO

Brent Hahn (60yo)

2.6yrs

Tenure

0

Mr. Brent Francis Hahn serves as Chief Executive Officer, President and Director of Zenith Exploration Inc. since July 21, 2017. Mr. Hahn was Chief Executive Officer, President and Director at MJ Bioscienc ...


Board Members

NamePositionTenureCompensationOwnership
Brent Hahn
CEO, President & Director2.6yrsno data37.1% CA$534.1k
Barry Hartley
CFO, Corporate Secretary & Director2.6yrsno data37.1% CA$534.2k
James McCrea
Independent Director1.8yrsno data3.97% CA$57.2k
Jesse Hahn
Independent Director2.6yrsno data1.01% CA$14.5k

2.6yrs

Average Tenure

59yo

Average Age

Experienced Board: ZX's board of directors are not considered experienced ( 2.6 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 been diluted in the past year, with total shares outstanding growing by 23.9%.


Top Shareholders

Company Information

Zenith Exploration Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Zenith Exploration Inc.
  • Ticker: ZX
  • Exchange: CNSX
  • Founded: 2015
  • Industry: Diversified Metals and Mining
  • Sector: Materials
  • Market Cap: CA$1.440m
  • Shares outstanding: 28.80m
  • Website: https://null

Location

  • Zenith Exploration Inc.
  • 789 West Pender Street
  • Suite 1080
  • Vancouver
  • British Columbia
  • V6C 1H2
  • Canada

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
ZXCNSX (Canadian National Stock Exchange)YesCommon SharesCACADOct 2018

Biography

Zenith Exploration Inc., a resource exploration company, acquires and explores for mineral properties in Canada. It holds a 100% interest in the Scotch Creek property that includes eight mineral claims covering an area of 1,384.12 hectares in the Kamloops Mining Division of British Columbia. The company was incorporated in 2015 and is headquartered in Vancouver, Canada. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/02/24 02:32
End of Day Share Price2020/02/07 00:00
Earnings2019/10/31
Annual Earnings2019/07/31


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.