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
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
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
is considered below, and whether this is a fair price.
Price based on past earnings
Oceanic Iron Ore's earnings available for a low price, and how does
this compare to other companies in the same industry?
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
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
Expected Metals and Mining industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Oceanic Iron Ore
expected to grow at an
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.
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.
Oceanic Iron Ore's performance over the past 5 years by checking for:
Has earnings increased in past 5 years? (1 check)
Has the earnings growth in the last year exceeded that of the
Metals and Mining
industry? (1 check)
Is the recent earnings growth over the last year higher than the average annual growth over the
past 5 years? (1 check)
Is the Return on Equity (ROE) higher than 20%? (1 check)
Is the Return on Assets (ROA) above industry average? (1 check)
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.
A company's financial position is much like your own financial position,
it includes everything you own
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.
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.
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
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.
Nearly all companies have debt. Debt in itself isn’t
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.
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.
TENURE AS CEO
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.
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:
The tenure for the Oceanic Iron Ore management team is about average.
Interim Chief Executive Officer
Corporate Secretary & CFO
Director of Exploration
Board of Directors Tenure
Average tenure and age of the
Oceanic Iron Ore
board of directors in years:
The tenure for the Oceanic Iron Ore board of directors is about average.
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.
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.
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.
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.
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.
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.
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.
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