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Oceanic Iron Ore

TSXV:FEO
Snowflake Description

Imperfect balance sheet and overvalued.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
FEO
TSXV
CA$6M
Market Cap
  1. Home
  2. CA
  3. Materials
Company description

Oceanic Iron Ore Corp., an exploration stage company, acquires and explores for iron ore properties in Québec, Canada. The last earnings update was 118 days ago. More info.


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  • Oceanic Iron Ore has significant price volatility in the past 3 months.
FEO Share Price and Events
7 Day Returns
5.9%
TSXV:FEO
-1.5%
CA Metals and Mining
0.9%
CA Market
1 Year Returns
-18.2%
TSXV:FEO
-7%
CA Metals and Mining
1.2%
CA Market
FEO Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Oceanic Iron Ore (FEO) 5.9% 28.6% 100% -18.2% -37.9% -89.4%
CA Metals and Mining -1.5% 1.3% 9.8% -7% 6.9% -22.5%
CA Market 0.9% 2.3% 12.4% 1.2% 16.1% 5.9%
1 Year Return vs Industry and Market
  • FEO underperformed the Metals and Mining industry which returned -7% over the past year.
  • FEO underperformed the Market in Canada which returned 1.2% over the past year.
Price Volatility
FEO
Industry
5yr Volatility vs Market

Value

 Is Oceanic Iron Ore 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 Oceanic Iron Ore. This is due to cash flow or dividend data being unavailable. The share price is CA$0.09.
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 Oceanic Iron Ore's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Oceanic Iron Ore's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
TSXV:FEO 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:FEO Share Price ** TSXV (2019-03-19) in CAD CA$0.09
Canada Metals and Mining Industry PE Ratio Median Figure of 115 Publicly-Listed Metals and Mining Companies 13.44x
Canada Market PE Ratio Median Figure of 542 Publicly-Listed Companies 14.83x

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

** Primary Listing of Oceanic Iron Ore.

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

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

= 0.09 ÷ -0.01

-7.34x

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

  • Oceanic Iron Ore is loss making, we can't compare its value to the CA Metals and Mining industry average.
  • Oceanic Iron Ore is loss making, we can't compare the value of its earnings to the Canada market.
Price based on expected Growth
Does Oceanic Iron Ore's expected growth come at a high price?
Raw Data
TSXV:FEO PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -7.34x
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 252 Publicly-Listed Companies 1.21x

*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 Oceanic Iron Ore, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Oceanic Iron Ore's assets?
Raw Data
TSXV:FEO PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-09-30) in CAD CA$0.59
TSXV:FEO Share Price * TSXV (2019-03-19) in CAD CA$0.09
Canada Metals and Mining Industry PB Ratio Median Figure of 1,079 Publicly-Listed Metals and Mining Companies 1.42x
Canada Market PB Ratio Median Figure of 2,347 Publicly-Listed Companies 1.56x
TSXV:FEO PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 0.09 ÷ 0.59

0.15x

* Primary Listing of Oceanic Iron Ore.

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

  • Oceanic Iron Ore is good value based on assets compared to the CA Metals and Mining industry average.
X
Value checks
We assess Oceanic Iron Ore'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. Oceanic Iron Ore 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.

Future Performance

 How is Oceanic Iron Ore 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 Oceanic Iron Ore 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
33.3%
Expected Metals and Mining industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Oceanic Iron Ore expected to grow at an attractive rate?
  • Unable to compare Oceanic Iron Ore's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Oceanic Iron Ore's earnings growth to the Canada market average as no estimate data is available.
  • Unable to compare Oceanic Iron Ore's revenue growth to the Canada market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
TSXV:FEO Future Growth Rates Data Sources
Data Point Source Value (per year)
Canada Metals and Mining Industry Earnings Growth Rate Market Cap Weighted Average 33.3%
Canada Metals and Mining Industry Revenue Growth Rate Market Cap Weighted Average 7%
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:FEO 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:FEO Past Financials Data
Date (Data in CAD Millions) Revenue Cash Flow Net Income *
2018-09-30 0 -1
2018-06-30 0 -1
2018-03-31 0 -1
2017-12-31 -1 -1
2017-09-30 -1 -1
2017-06-30 -1 -1
2017-03-31 -1 -1
2016-12-31 -1 -1
2016-09-30 -1 -1
2016-06-30 -1 -2
2016-03-31 -1 -2
2015-12-31 -1 -2

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Oceanic Iron Ore is high growth as no earnings estimate data is available.
  • Unable to determine if Oceanic Iron Ore 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:FEO 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 Oceanic Iron Ore Company Filings, last reported 5 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

TSXV:FEO Past Financials Data
Date (Data in CAD Millions) EPS *
2018-09-30 -0.01
2018-06-30 -0.02
2018-03-31 -0.03
2017-12-31 -0.02
2017-09-30 -0.03
2017-06-30 -0.03
2017-03-31 -0.03
2016-12-31 -0.03
2016-09-30 -0.03
2016-06-30 -0.04
2016-03-31 -0.05
2015-12-31 -0.06

*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 Oceanic Iron Ore will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Take a look at our analysis of FEO’s management and see if the CEO’s compensation is within a reasonable range, who is on the board and if insiders have been trading lately.
  2. Oceanic Iron Ore'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. Oceanic Iron Ore'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 Oceanic Iron Ore'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.
Oceanic Iron Ore 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.

Past Performance

  How has Oceanic Iron Ore 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 Oceanic Iron Ore'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.
  • Oceanic Iron Ore does not make a profit even though their year on year earnings growth rate was positive over the past 5 years.
  • Unable to compare Oceanic Iron Ore's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Oceanic Iron Ore's 1-year growth to the CA Metals and Mining industry average as it is not currently profitable.
Earnings and Revenue History
Oceanic Iron Ore'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 Oceanic Iron Ore Company Filings, last reported 5 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

TSXV:FEO 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 -0.80 0.50
2018-06-30 -0.95 0.57
2018-03-31 -1.45 0.68
2017-12-31 -1.21 0.80
2017-09-30 -1.36 0.85
2017-06-30 -1.37 0.88
2017-03-31 -1.36 0.87
2016-12-31 -1.32 0.87
2016-09-30 -1.42 1.00
2016-06-30 -1.57 1.08
2016-03-31 -1.74 1.17
2015-12-31 -2.01 1.31
2015-09-30 -2.31 1.48
2015-06-30 -2.32 1.55
2015-03-31 -2.30 1.66
2014-12-31 -1.99 1.49
2014-09-30 -2.07 1.74
2014-06-30 -2.03 1.83
2014-03-31 -2.41 2.25
2013-12-31 -2.80 2.76
2013-09-30 -2.69 2.67
2013-06-30 -2.85 2.82
2013-03-31 -2.63 2.44
2012-12-31 -2.63 2.23
2012-09-30 -3.56 2.59
2012-06-30 -4.25 2.30
2012-03-31 -4.95 2.51

*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.
  • It is difficult to establish if Oceanic Iron Ore has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if Oceanic Iron Ore has efficiently used its assets last year compared to the CA Metals and Mining industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if Oceanic Iron Ore 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 Oceanic Iron Ore'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.
Oceanic Iron Ore has a total score of 0/6, 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.

Health

 How is Oceanic Iron Ore'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 Oceanic Iron Ore's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Oceanic Iron Ore's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Oceanic Iron Ore's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Oceanic Iron Ore'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.
  • Debt is not covered by short term assets, assets are 0.2x debt.
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 Oceanic Iron Ore Company Filings, last reported 5 months ago.

TSXV:FEO Past Debt and Equity Data
Date (Data in CAD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-09-30 40.56 0.84 0.11
2018-06-30 40.65 0.88 0.20
2018-03-31 40.48 1.18 0.33
2017-12-31 41.23 0.51 0.52
2017-09-30 39.14 2.78 0.65
2017-06-30 39.38 1.91 0.07
2017-03-31 39.65 1.86 0.23
2016-12-31 39.87 1.80 0.66
2016-09-30 40.07 1.74 0.98
2016-06-30 39.36 1.69 0.41
2016-03-31 39.62 1.64 0.61
2015-12-31 39.90 1.59 0.95
2015-09-30 38.82 2.93 1.32
2015-06-30 39.21 2.82 1.56
2015-03-31 39.62 2.71 1.94
2014-12-31 40.13 2.60 1.98
2014-09-30 37.67 2.50 0.36
2014-06-30 38.09 2.41 1.09
2014-03-31 38.53 2.31 2.09
2013-12-31 39.09 2.15 3.06
2013-09-30 39.59 2.11 4.17
2013-06-30 40.18 4.86 4.02
2013-03-31 39.77 3.12 2.36
2012-12-31 40.21 3.12 3.41
2012-09-30 37.43 3.12 2.49
2012-06-30 37.92 2.38 4.51
2012-03-31 38.38 1.69 6.97
  • Oceanic Iron Ore's level of debt (2.1%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (5.3% vs 2.1% today).
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.

  • Oceanic Iron Ore has less than a year of cash runway based on current free cash flow.
  • Oceanic Iron Ore has less than a year of cash runway if free cash flow continues to reduce at historical rates of -25.4% each year.
X
Financial health checks
We assess Oceanic Iron Ore'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. Oceanic Iron Ore has a total score of 2/6, 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.

Dividends

 What is Oceanic Iron Ore'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 Oceanic Iron Ore dividends.
If you bought CA$2,000 of Oceanic Iron Ore 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 Oceanic Iron Ore's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Oceanic Iron Ore'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:FEO 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 330 Stocks 3.5%
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 5.7%

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 Oceanic Iron Ore has not reported any payouts.
  • Unable to verify if Oceanic Iron Ore's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Oceanic Iron Ore's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Oceanic Iron Ore 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 Oceanic Iron Ore'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 Oceanic Iron Ore afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Oceanic Iron Ore 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.

Management

 What is the CEO of Oceanic Iron Ore'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
Bing Pan
COMPENSATION CA$60,000
TENURE AS CEO 1.8 years
CEO Bio

Mr. Bing Pan has been an Interim Chief Executive Officer of Oceanic Iron Ore Corp. since June 14, 2017. Mr. Pan is the Senior Partner of Sinocan Consultant Hong Kong Limited (Sinocan?), a consulting firm specializing in assisting Canadian companies with strategic partnership, business development and merger and acquisition opportunities in China. He was a Consultant to the Oceanic Iron Ore Corp. Mr. Pan has over 20 years of experience in corporate strategy, business development, consulting & advisory services in the technology, alternative energy, carbon credit and natural resources industries in China and North America. Mr. Pan has served as a Director of Cadillac Ventures, Inc. and as an Advisor of the board of TSXV listed Northern Freegold. Mr. Pan holds an MBA degree from Richard Ivey School of Business and a Bachelor's of Science from South China University of Technology.

CEO Compensation
  • Insufficient data for Bing to compare compensation growth.
  • Bing's remuneration is lower than average for companies of similar size in Canada.
Management Team Tenure

Average tenure of the Oceanic Iron Ore management team in years:

4.3
Average Tenure
  • The tenure for the Oceanic Iron Ore management team is about average.
Management Team

Steven Dean

TITLE
Executive Chairman
COMPENSATION
CA$115K
AGE
58

Bing Pan

TITLE
Interim Chief Executive Officer
COMPENSATION
CA$60K
TENURE
1.8 yrs

Chris Batalha

TITLE
Corporate Secretary & CFO
COMPENSATION
CA$60K
TENURE
4.3 yrs

Eddy Canova

TITLE
Director of Exploration
TENURE
8.2 yrs

Irfan Shariff

TITLE
COMPENSATION
CA$150K
Board of Directors Tenure

Average tenure and age of the Oceanic Iron Ore board of directors in years:

8.3
Average Tenure
61
Average Age
  • The tenure for the Oceanic Iron Ore board of directors is about average.
Board of Directors

Steven Dean

TITLE
Executive Chairman
COMPENSATION
CA$115K
AGE
58
TENURE
8.2 yrs

Garry Keep

TITLE
Director
COMPENSATION
CA$10K
AGE
61
TENURE
8.5 yrs

John Reynolds

TITLE
Independent Director
COMPENSATION
CA$10K
AGE
76
TENURE
8.5 yrs

Cathy Chan

TITLE
Independent Director
TENURE
1.5 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$) Value (CA$)
03. Dec 18 Sell Frank Giustra Individual 30. Nov 18 30. Nov 18 -163,500 CA$0.05 CA$-7,685
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Management checks
We assess Oceanic Iron Ore'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. Oceanic Iron Ore 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.

News

Simply Wall St News

Are Oceanic Iron Ore Corp's (CVE:FEO) Interest Costs Too High?

Oceanic Iron Ore Corp (CVE:FEO) is a small-cap stock with a market capitalization of CA$3.74m. … While investors primarily focus on the growth potential and competitive landscape of the small-cap companies, they end up ignoring a key aspect, which could be the biggest threat to its existence: its financial health.

Simply Wall St -

What Investors Should Know About Oceanic Iron Ore Corp's (CVE:FEO) Financial Strength

How does FEO’s operating cash flow stack up against its debt? … Moving onto cash from operations, its small level of operating cash flow means calculating cash-to-debt wouldn't be too useful, though these low levels of cash means that operational efficiency is worth a look. … Investors' risk associated with debt is virtually non-existent with FEO, and the company has plenty of headroom and ability to raise debt should it need to in the future.Next Steps: Although FEO’s debt level is relatively low, its cash flow levels still could not copiously cover its borrowings.

Simply Wall St -

Who Are The Top Investors In Oceanic Iron Ore Corp (CVE:FEO)?

The impact of a company's ownership structure affects both its short- and long-term performance. … See our latest analysis for Oceanic Iron Ore TSXV:FEO Ownership_summary Apr 5th 18 Institutional Ownership Due to the big order sizes of institutional investors, a company's shares can experience large, one-sided momentum, driven by high volume of shares removed from, or injected into, the market. … Insider ownership has to do more with how the company is managed and less to do with the direct impact of the magnitude of shares trading on the market.

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Oceanic Iron Ore Corp (CVE:FEO): How Does It Impact Your Portfolio?

A popular measure of market risk for a stock is its beta, and the market as a whole represents a beta value of one. … Oceanic Iron Ore has a beta of 1.66, which means that the percentage change in its stock value will be higher than the entire market in times of booms and busts. … FEO, with its market capitalisation of CA$6.80M, is a small-cap stock, which generally have higher beta than similar companies of larger size.

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Oceanic Iron Ore Corp (CVE:FEO): Time For A Financial Health Check

Moving onto cash from operations, its small level of operating cash flow means calculating cash-to-debt wouldn't be too useful, though these low levels of cash means that operational efficiency is worth a look. … With a debt-to-equity ratio of 1.23%, FEO's debt level is relatively low. … FEO's risk around capital structure is almost non-existent, and the company has the headroom and ability to raise debt should it need to in the future.Next Steps: Although FEO’s debt level is relatively low, its cash flow levels still could not copiously cover its borrowings.

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How Financially Strong Is Oceanic Iron Ore Corp (TSXV:FEO)?

FEO’s recent operating cash flow was -0.43 times its debt within the past year. … Although FEO’s debt level is relatively low, its cash flow levels still could not copiously cover its borrowings. … But its current cash flow coverage of existing debt, along with its low liquidity, is concerning.

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Company Info

Description

Oceanic Iron Ore Corp., an exploration stage company, acquires and explores for iron ore properties in Québec, Canada. It holds a 100% interest in the Ungava Bay iron property that covers three project areas, including Hopes Advance, Morgan Lake, and Roberts Lake, which covers approximately 39,717 hectares of iron formation located in the Nunavik region of Northern Québec. The company was formerly known as Pacific Harbour Capital Ltd. and changed its name to Oceanic Iron Ore Corp. in November 2010. Oceanic Iron Ore Corp. was incorporated in 1986 and is headquartered in Vancouver, Canada.

Details
Name: Oceanic Iron Ore Corp.
FEO
Exchange: TSXV
Founded: 1986
CA$6,215,026
69,055,849
Website: http://www.oceanicironore.com
Address: Oceanic Iron Ore Corp.
3083 Three Bentall Centre,
Suite 3083,
Vancouver,
British Columbia, V7X 1L3,
Canada
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
TSXV FEO Common Shares TSX Venture Exchange CA CAD 31. Oct 1989
OTCPK FEOV.F Common Shares Pink Sheets LLC US USD 31. Oct 1989
DB 5OIN Common Shares Deutsche Boerse AG DE EUR 31. Oct 1989
Number of employees
Current staff
Staff numbers
0
Oceanic Iron Ore employees.
Industry
Steel
Materials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/03/20 00:02
End of day share price update: 2019/03/19 00:00
Last earnings filing: 2018/11/22
Last earnings reported: 2018/09/30
Last annual earnings reported: 2018/03/31


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.