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Apex Resources

TSXV:APX
Snowflake Description

Flawless balance sheet with acceptable track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
APX
TSXV
CA$1M
Market Cap
  1. Home
  2. CA
  3. Materials
Company description

Apex Resources Inc., an exploration stage company, engages in the exploration and evaluation of mineral properties in Canada. The last earnings update was 108 days ago. More info.


Add to Portfolio Compare Print
  • Apex Resources has significant price volatility in the past 3 months.
APX Share Price and Events
7 Day Returns
23.1%
TSXV:APX
-0.1%
CA Metals and Mining
0.9%
CA Market
1 Year Returns
-11.1%
TSXV:APX
-7%
CA Metals and Mining
-0.2%
CA Market
APX Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Apex Resources (APX) 23.1% 23.1% 100% -11.1% -20% -20%
CA Metals and Mining -0.1% 2.7% 11.6% -7% 7.6% -24.1%
CA Market 0.9% 2.2% 10.5% -0.2% 15.7% 4.9%
1 Year Return vs Industry and Market
  • APX underperformed the Metals and Mining industry which returned -7% over the past year.
  • APX underperformed the Market in Canada which returned -0.2% over the past year.
Price Volatility
APX
Industry
5yr Volatility vs Market

APX Value

 Is Apex Resources undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
  • It is not possible to calculate the future cash flow value for Apex Resources. This is due to cash flow or dividend data being unavailable. The share price is CA$0.08.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Apex Resources's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Apex Resources's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
TSXV:APX PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-09-30) in CAD CA$0.01
TSXV:APX Share Price ** TSXV (2019-03-15) in CAD CA$0.08
Canada Metals and Mining Industry PE Ratio Median Figure of 115 Publicly-Listed Metals and Mining Companies 13.41x
Canada Market PE Ratio Median Figure of 542 Publicly-Listed Companies 14.84x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Apex Resources.

TSXV:APX PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= TSXV:APX Share Price ÷ EPS (both in CAD)

= 0.08 ÷ 0.01

15.36x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Apex Resources is overvalued based on earnings compared to the CA Metals and Mining industry average.
  • Apex Resources is overvalued based on earnings compared to the Canada market.
Price based on expected Growth
Does Apex Resources's expected growth come at a high price?
Raw Data
TSXV:APX PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 15.36x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
Canada Metals and Mining Industry PEG Ratio Median Figure of 35 Publicly-Listed Metals and Mining Companies 0.69x
Canada Market PEG Ratio Median Figure of 251 Publicly-Listed Companies 1.2x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Apex Resources, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Apex Resources's assets?
Raw Data
TSXV:APX PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-09-30) in CAD CA$0.23
TSXV:APX Share Price * TSXV (2019-03-15) in CAD CA$0.08
Canada Metals and Mining Industry PB Ratio Median Figure of 1,081 Publicly-Listed Metals and Mining Companies 1.45x
Canada Market PB Ratio Median Figure of 2,348 Publicly-Listed Companies 1.57x
TSXV:APX PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= TSXV:APX Share Price ÷ Book Value per Share (both in CAD)

= 0.08 ÷ 0.23

0.34x

* Primary Listing of Apex Resources.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Apex Resources is good value based on assets compared to the CA Metals and Mining industry average.
X
Value checks
We assess Apex Resources's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Metals and Mining industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Metals and Mining industry average (and greater than 0)? (1 check)
  5. Apex Resources has a total score of 1/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

APX Future Performance

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

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 Apex 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 Simply Wall St do have past financial data. You can see them here.

Show me the analysis anyway

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
33.4%
Expected Metals and Mining industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Apex Resources expected to grow at an attractive rate?
  • Unable to compare Apex Resources's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Apex Resources's earnings growth to the Canada market average as no estimate data is available.
  • Unable to compare Apex Resources's revenue growth to the Canada market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
TSXV:APX Future Growth Rates Data Sources
Data Point Source Value (per year)
Canada Metals and Mining Industry Earnings Growth Rate Market Cap Weighted Average 33.4%
Canada Metals and Mining Industry Revenue Growth Rate Market Cap Weighted Average 6.9%
Canada Market Earnings Growth Rate Market Cap Weighted Average 17.9%
Canada Market Revenue Growth Rate Market Cap Weighted Average 6.8%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
TSXV:APX Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (5 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in CAD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
TSXV:APX Past Financials Data
Date (Data in CAD Millions) Revenue Cash Flow Net Income *
2018-09-30 0 0
2018-06-30 0 0
2018-03-31 0 0
2017-12-31 0 0
2017-09-30 -1 0
2017-06-30 -1 0
2017-03-31 0 0
2016-12-31 0 0
2016-09-30 0 -3
2016-06-30 0 -3
2016-03-31 0 -3
2015-12-31 0 -3

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Apex Resources is high growth as no earnings estimate data is available.
  • Unable to determine if Apex Resources is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
TSXV:APX Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (5 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Apex Resources Company Filings, last reported 5 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

TSXV:APX Past Financials Data
Date (Data in CAD Millions) EPS *
2018-09-30 0.01
2018-06-30 -0.02
2018-03-31 0.00
2017-12-31 -0.01
2017-09-30 0.00
2017-06-30 0.01
2017-03-31 -0.01
2016-12-31 0.01
2016-09-30 -0.23
2016-06-30 -0.23
2016-03-31 -0.23
2015-12-31 -0.23

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Apex Resources will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Examine Apex Resources'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.
  2. Apex Resources's future outlook can be gauged by looking at industry trends and market size, and determining how well-positioned the company is compared to its competitors. Take a look at other high-growth Materials companies here
  3. Apex Resources's competitive advantages and company strategy can generally be found in its financial reports archived here.
  4. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Future performance checks
We assess Apex Resources's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Canada market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Canada market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Apex Resources has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

APX Past Performance

  How has Apex Resources performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Apex Resources's growth in the last year to its industry (Metals and Mining).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Apex Resources has delivered over 20% year on year earnings growth in the past 5 years.
  • Apex Resources's 1-year earnings growth exceeds its 5-year average (61% vs 30.6%)
  • Apex Resources's earnings growth has exceeded the CA Metals and Mining industry average in the past year (61% vs -23.7%).
Earnings and Revenue History
Apex Resources's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Apex Resources Company Filings, last reported 5 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

TSXV:APX Past Revenue, Cash Flow and Net Income Data
Date (Data in CAD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-09-30 0.07 0.26
2018-06-30 -0.31 0.26
2018-03-31 0.04 0.24
2017-12-31 -0.07 0.39
2017-09-30 0.05 0.42
2017-06-30 0.15 0.44
2017-03-31 -0.11 0.46
2016-12-31 0.08 0.30
2016-09-30 -3.14 0.30
2016-06-30 -3.12 0.29
2016-03-31 -3.11 0.29
2015-12-31 -3.16 0.32
2015-09-30 -0.49 0.35
2015-06-30 -0.51 0.34
2015-03-31 -0.52 0.35
2014-12-31 -0.49 0.34
2014-09-30 -2.04 0.33
2014-06-30 -1.95 0.33
2014-03-31 -1.99 0.34
2013-12-31 -2.16 0.35
2013-09-30 -0.74 0.58
2013-06-30 -0.81 0.59
2013-03-31 -0.85 0.59
2012-12-31 -0.77 0.61
2012-09-30 -0.61 0.41
2012-06-30 -0.62 0.43
2012-03-31 -0.58 0.43

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Apex Resources has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Apex Resources used its assets less efficiently than the CA Metals and Mining industry average last year based on Return on Assets.
  • It is difficult to establish if Apex Resources improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess Apex Resources's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Metals and Mining industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Apex Resources has a total score of 3/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

APX Health

 How is Apex Resources's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Apex Resources's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Apex Resources is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Apex Resources has no long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Apex Resources's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Apex Resources has no debt, it does not need to be covered by short term assets.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Apex Resources Company Filings, last reported 5 months ago.

TSXV:APX Past Debt and Equity Data
Date (Data in CAD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-09-30 3.29 0.00 0.65
2018-06-30 3.15 0.00 0.51
2018-03-31 3.34 0.00 0.57
2017-12-31 3.46 0.00 0.60
2017-09-30 3.23 0.00 0.25
2017-06-30 3.47 0.00 0.44
2017-03-31 3.31 0.00 0.17
2016-12-31 3.40 0.00 0.30
2016-09-30 3.02 0.00 0.08
2016-06-30 3.12 0.00 0.13
2016-03-31 3.21 0.00 0.15
2015-12-31 3.27 0.00 0.17
2015-09-30 6.12 0.00 0.20
2015-06-30 6.23 0.00 0.31
2015-03-31 6.33 0.00 0.44
2014-12-31 6.43 0.00 0.54
2014-09-30 6.60 0.00 0.27
2014-06-30 6.75 0.00 0.41
2014-03-31 6.84 0.02 0.12
2013-12-31 6.92 0.02 0.09
2013-09-30 8.64 0.02 0.25
2013-06-30 8.70 0.02 0.12
2013-03-31 8.84 0.00 0.14
2012-12-31 9.08 0.00 0.36
2012-09-30 9.18 0.00 0.49
2012-06-30 9.31 0.00 0.68
2012-03-31 9.49 0.00 0.04
  • Apex Resources has no debt.
  • Apex Resources has no debt compared to 5 years ago when it was 0.2%.
  • Apex Resources has no debt, it does not need to be covered by operating cash flow.
  • Apex Resources has no debt, therefore coverage of interest payments is not a concern.
X
Financial health checks
We assess Apex Resources's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Apex Resources has a total score of 6/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

APX Dividends

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

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from Apex Resources dividends.
If you bought CA$2,000 of Apex Resources shares you are expected to receive CA$0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate Apex Resources's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Apex Resources's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
TSXV:APX Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
Canada Metals and Mining Industry Average Dividend Yield Market Cap Weighted Average of 28 Stocks 1.2%
Canada Market Average Dividend Yield Market Cap Weighted Average of 331 Stocks 3.6%
Canada Minimum Threshold Dividend Yield 10th Percentile 1.1%
Canada Bottom 25% Dividend Yield 25th Percentile 2.1%
Canada Top 25% Dividend Yield 75th Percentile 5.6%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as Apex Resources has not reported any payouts.
  • Unable to verify if Apex Resources's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Apex Resources's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Apex Resources has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Apex Resources's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.1%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Apex Resources afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Apex Resources has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

APX Management

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

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Art Troup
COMPENSATION CA$208,465
AGE 74
TENURE AS CEO 21.8 years
CEO Bio

Mr. Arthur G. Troup, also known as Art, M.Sc., P.Eng., P.Geo., has been the President and Chief Executive Officer of Sultan Minerals Inc. since June 1997. Mr. Troup has been the Vice-President Exploration of LMC Management Services Ltd. since January 2002. He has 30 years experience in the mining industry throughout the world including working for Rio Algom Exploration, Teck Corporation, Canada Nickel Corporation, Placer Dome Canada Limited and the Geological Survey of Canada. Mr. Troup has been extensively involved in mineral and geological exploration since 1969. He served as Vice President of Exploration at Agave Silver Corp, (a/k/a, Cream Minerals Ltd) from September 24, 1987 to November 08, 2010. For 5 years, he served as the Vice- President of Exploration level positions at western Canadian companies involved in mineral exploration. He served as the Chief Geologist of Valgold Resources Ltd. since January 2005. Mr. Troup served as the Vice President of Exploration of Lang Mining Corporation from January 1997 to January 2002. He also served as the Vice-President, Exploration of Emgold Mining Corp. from September 1993 to June 2005. He served as the Vice-President, Exploration of ValGold Resources Ltd. (formerly Valerie Gold Resources Ltd.) from June 1996 to January 2005. Mr. Troup was a Geological Consultant and served as President of Archean Engineering Ltd. He was an Independent Director of Alba Minerals Ltd. since September 25, 2001. He serves as a Director of Astorius Resources Ltd. He has been a Director of Sultan Minerals Inc. since June 15, 1989. He served as an Independent Director of Alita Resources Ltd., until February 10, 2014. He served as a Director at Altima Resources Ltd since November 14, 2003. He served as a Director of Agave Silver Corp, (a/k/a, Cream Minerals Ltd) from September 25, 1997 to November 08, 2010. He served as a Director of Armadillo Resources Ltd., and Alder Resources Ltd. He is a registered Professional Engineer. Mr. Troup holds a Bachelor of Science in Geology Degree and Master of Science in Geology Degree from the McMaster University, Hamilton, Ontario.

CEO Compensation
  • Art's compensation has been consistent with company performance over the past year.
  • Art's remuneration is higher than average for companies of similar size in Canada.
Management Team

Art Troup

TITLE
President
COMPENSATION
CA$208K
AGE
74
TENURE
21.8 yrs

Marc H. Lee

TITLE
CFO & Corporate Secretary
COMPENSATION
CA$37K
TENURE
7.9 yrs
Board of Directors Tenure

Average tenure of the Apex Resources board of directors in years:

7.1
Average Tenure
  • The tenure for the Apex Resources board of directors is about average.
Board of Directors

Art Troup

TITLE
President
COMPENSATION
CA$208K
AGE
74
TENURE
29.8 yrs

Robin Merrifield

TITLE
Director
COMPENSATION
CA$23K
AGE
75
TENURE
9.3 yrs

Linda Dandy

TITLE
Director
COMPENSATION
CA$32K
TENURE
4.8 yrs

Ralph Gonzalez

TITLE
Director
COMPENSATION
CA$3K
TENURE
1.7 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (CA$) Value (CA$)
11. Jun 18 Buy Istana Developments Ltd. Company 08. Jun 18 08. Jun 18 20,000 CA$0.09 CA$1,800
04. May 18 Sell Arthur Troup Individual 04. May 18 04. May 18 -200 CA$0.10 CA$-20
X
Management checks
We assess Apex Resources's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Apex Resources has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

APX News

Simply Wall St News

Some Apex Resources (CVE:APX) Shareholders Are Down 30%

Apex Resources Inc. … Apex Resources hasn't yet reported any revenue yet, so it's as much a business idea as a business. … When it reported in September 2018 Apex Resources had minimal net cash consider its expenditure: just CA$601k to be specific.

Simply Wall St -

Will Apex Resources Inc (CVE:APX) Continue To Underperform Its Industry?

This analysis is intended to introduce important early concepts to people who are starting to invest. … Apex Resources Inc (CVE:APX) delivered a less impressive 1.1% ROE over the past year, compared to the 11.5% return generated by its industry. … See our latest analysis for Apex Resources

Simply Wall St -

Is Apex Resources Inc (CVE:APX) A Sell At Its Current PE Ratio?

The content of this article will benefit those of you who are starting to educate yourself about investing in the stock market. … and want to better understand how you can grow your money by investing in Apex Resources Inc (CVE:APX). … Apex Resources Inc (CVE:APX) trades with a trailing P/E of 31x, which is higher than the industry average of 11x.

Simply Wall St -

Is Apex Resources Inc's (CVE:APX) CEO Being Overpaid?

This is because, if incentives are aligned, more value is created for shareholders which directly impacts your returns as an investor. … Profitability of a company is a strong indication of APX's ability to generate returns on shareholders' funds through corporate activities. … Taking into account APX's size and performance, in terms of market cap and earnings, it seems that Troup is paid in-line with other Canadian CEOs of small-caps, on average.

Simply Wall St -

Why You Need To Look At This Factor Before Buying Apex Resources Inc (CVE:APX)

Apex Resources has a beta of 1.6, which means that the percentage change in its stock value will be higher than the entire market in times of booms and busts. … A high level of beta means investors face higher risk associated with potential gains and losses driven by market movements. … APX, with its market capitalisation of CA$1.42M, is a small-cap stock, which generally have higher beta than similar companies of larger size.

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Should You Be Concerned About Apex Resources Inc's (CVE:APX) Investors?

This size of ownership gives retail investors collective power in deciding on major policy decisions such as executive compensation, appointment of directors and acquisitions of businesses. … This level of ownership gives retail investors the power to sway key policy decisions such as board composition, executive compensation, and potential acquisitions. … Private Company Ownership Potential investors in APX should also look at another important group of investors: private companies, with a stake of 8.66%, who are primarily invested because of strategic and capital gain interests.

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Why Apex Resources Inc's (CVE:APX) ROE Of 1.40% Does Not Tell The Whole Story

Apex Resources Inc (TSXV:APX) generated a below-average return on equity of 1.40% in the past 12 months, while its industry returned 9.02%. … See our latest analysis for Apex Resources What you must know about ROE Return on Equity (ROE) weighs Apex Resources’s profit against the level of its shareholders’ equity. … For now, let’s just look at the cost of equity number for Apex Resources, which is 16.74%.

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Is It Time To Sell Apex Resources Inc (CVE:APX) Based Off Its PE Ratio?

Formula Price-Earnings Ratio = Price per share ÷ Earnings per share P/E Calculation for APX Price per share = CA$0.13 Earnings per share = CA$0.003 ∴ Price-Earnings Ratio = CA$0.13 ÷ CA$0.003 = 38.3x On its own, the P/E ratio doesn’t tell you much; however, it becomes extremely useful when you compare it with other similar companies. … For example, if you accidentally compared lower growth firms with APX, then APX’s P/E would naturally be higher since investors would reward APX’s higher growth with a higher price. … Alternatively, if you inadvertently compared riskier firms with APX, APX’s P/E would again be higher since investors would reward APX’s lower risk with a higher price as well.

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Is Apex Resources Inc's (CVE:APX) CEO Paid Enough Relative To Peers?

I will break down Troup’s pay and compare this to the company’s performance over the same period, as well as measure it against other Canadian CEOs leading companies of similar size and profitability. … In this exercise, I will use profits as a proxy for Troup's performance. … Based on the size of APX in terms of market cap, as well as its performance, using earnings as a proxy, it appears that Troup is paid on a similar level to other comparable Canadian CEOs of profitable small-caps.

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What You Must Know About Apex Resources Inc's (CVE:APX) Return on Equity

View our latest analysis for Apex Resources Peeling the layers of ROE – trisecting a company’s profitability Return on Equity (ROE) weighs Apex Resources’s profit against the level of its shareholders’ equity. … Since Apex Resources’s return does not cover its cost, with a difference of -15.79%, this means its current use of equity is not efficient and not sustainable. … Apex Resources’s below-industry ROE is disappointing, furthermore, its returns were not even high enough to cover its own cost of equity.

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APX Company Info

Description

Apex Resources Inc., an exploration stage company, engages in the exploration and evaluation of mineral properties in Canada. The company primarily explores for gold, silver, and copper. It holds interests in the Kena property covering an area of 8,173 hectares located near the community of Ymir in southeastern British Columbia; and the Golden Triangle property located in British Columbia. The company also holds interests in the Red Ridge property 72 claims covering approximately 1360 hectares located in Yukon, British Columbia; the Mount Anderson property covering approximately 31 square kilometres; and the Ore Hill Gold property. The company was formerly known as Sultan Minerals Inc. and changed its name to Apex Resources Inc. in July 2016. Apex Resources Inc. is based in Vancouver, Canada.

Details
Name: Apex Resources Inc.
APX
Exchange: TSXV
Founded:
CA$1,134,177
14,177,215
Website: http://www.apxresources.com
Address: Apex Resources Inc.
1066 West Hastings Street,
Suite 2000,
Vancouver,
British Columbia, V6E 3X2,
Canada
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
TSXV APX Common Shares TSX Venture Exchange CA CAD 12. Sep 1989
OTCPK SLML.F Common Shares Pink Sheets LLC US USD 12. Sep 1989
DB RZN1 Common Shares Deutsche Boerse AG DE EUR 12. Sep 1989
Number of employees
Current staff
Staff numbers
0
Apex Resources employees.
Industry
Diversified Metals and Mining
Materials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/03/17 23:43
End of day share price update: 2019/03/15 00:00
Last earnings filing: 2018/11/29
Last earnings reported: 2018/09/30
Last annual earnings reported: 2017/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.