TSXV:FEO

Stock Analysis Report

Executive Summary

Oceanic Iron Ore Corp., an exploration stage company, acquires and explores for iron ore properties in Québec, Canada.


Snowflake Analysis

Overvalued with worrying balance sheet.

Share Price & News

How has Oceanic Iron Ore's share price performed over time and what events caused price changes?


Latest Share Price and Events

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


Market Performance


7 Day Return

0%

FEO

9.6%

CA Metals and Mining

2.1%

CA Market


1 Year Return

5.3%

FEO

-4.9%

CA Metals and Mining

-21.2%

CA Market

Return vs Industry: FEO exceeded the Canadian Metals and Mining industry which returned -4.9% over the past year.

Return vs Market: FEO exceeded the Canadian Market which returned -21.2% over the past year.


Shareholder returns

FEOIndustryMarket
7 Day0%9.6%2.1%
30 Day-35.5%-7.0%-13.8%
90 Day-16.7%-7.1%-21.9%
1 Year5.3%5.3%-4.2%-4.9%-18.6%-21.2%
3 Year-54.5%-54.5%-16.3%-17.8%-11.0%-19.3%
5 Year-39.4%-39.4%14.8%11.6%1.6%-13.6%

Price Volatility Vs. Market

How volatile is Oceanic Iron Ore's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Oceanic Iron Ore undervalued compared to its fair value and its price relative to the market?

0.18x

Price to Book (PB) ratio


Share Price vs. Fair Value

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

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


Price To Earnings Ratio

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

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


Price to Book Ratio

PB vs Industry: FEO is good value based on its PB Ratio (0.2x) compared to the CA Metals and Mining industry average (1.2x).


Next Steps

Future Growth

How is Oceanic Iron Ore forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

13.0%

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 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 SimplyWall St do have past financial data.


Next Steps

Past Performance

How has Oceanic Iron Ore performed over the past 5 years?

9.5%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: FEO is currently unprofitable.

Growing Profit Margin: FEO is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: FEO is unprofitable, but has reduced losses over the past 5 years at a rate of 9.5% per year.

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

Earnings vs Industry: FEO is unprofitable, making it difficult to compare its past year earnings growth to the Metals and Mining industry (16.5%).


Return on Equity

High ROE: FEO has a negative Return on Equity (-6.09%), as it is currently unprofitable.


Next Steps

Financial Health

How is Oceanic Iron Ore's financial position?


Financial Position Analysis

Short Term Liabilities: FEO's short term assets (CA$689.7K) do not cover its short term liabilities (CA$955.7K).

Long Term Liabilities: FEO's short term assets (CA$689.7K) do not cover its long term liabilities (CA$5.0M).


Debt to Equity History and Analysis

Debt Level: FEO's debt to equity ratio (11.8%) is considered satisfactory.

Reducing Debt: FEO's debt to equity ratio has increased from 6.6% to 11.8% over the past 5 years.


Balance Sheet


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

Forecast Cash Runway: FEO has less than a year of cash runway if free cash flow continues to grow at historical rates of 38.5% each year.


Next Steps

Dividend

What is Oceanic Iron Ore's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

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

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

Growing Dividend: Insufficient data to determine if FEO'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 FEO'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?

5.4yrs

Average management tenure


CEO

Bing Pan

2.83s

Tenure

CA$45,000

Compensation

Mr. Bing Pan has been an Interim Chief Executive Officer of Oceanic Iron Ore Corp. since June 13, 2017. Mr. Pan is the Senior Partner of Sinocan Consultant Hong Kong Limited (Sinocan?), a consulting firm s ...


Leadership Team

NamePositionTenureCompensationOwnership
Steven Dean
Executive Chairman9.25yrsCA$86.25k4.55% CA$421.6k
Bing Pan
Interim Chief Executive Officer2.83yrsCA$45.00k0.23% CA$20.9k
Christopher Batalha
Corporate Secretary & CFO5.42yrsCA$59.99k1.47% CA$136.1k
Eddy Canova
Director of Exploration9.25yrsno datano data
Irfan Shariff
no dataCA$149.51kno data

5.4yrs

Average Tenure

Experienced Management: FEO's management team is seasoned and experienced (5.4 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Steven Dean
Executive Chairman9.25yrsCA$86.25k4.55% CA$421.6k
Gordon Keep
Independent Director9.58yrsCA$7.50k2.51% CA$232.0k
John Reynolds
Independent Director9.58yrsCA$7.50k0.17% CA$16.0k
Cathy Chan
Independent Director2.58yrsCA$7.50kno data
Tao Liu
Independent Director1.5yrsno datano data
Thomas Lau
Directorno datano datano data

9.3yrs

Average Tenure

62yo

Average Age

Experienced Board: FEO's board of directors are considered experienced (9.3 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: FEO 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 6.1%.


Top Shareholders

Company Information

Oceanic Iron Ore Corp.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Oceanic Iron Ore Corp.
  • Ticker: FEO
  • Exchange: TSXV
  • Founded: 1986
  • Industry: Steel
  • Sector: Materials
  • Market Cap: CA$9.256m
  • Shares outstanding: 92.56m
  • Website: https://www.oceanicironore.com

Location

  • Oceanic Iron Ore Corp.
  • Three Bentall Centre
  • Suite 3083
  • Vancouver
  • British Columbia
  • V7X 1L3
  • Canada

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
FEOV.FOTCPK (Pink Sheets LLC)YesCommon SharesUSUSDOct 1989
FEOTSXV (TSX Venture Exchange)YesCommon SharesCACADOct 1989
5OINDB (Deutsche Boerse AG)YesCommon SharesDEEUROct 1989

Biography

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 29,214 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. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/04/08 07:20
End of Day Share Price2020/04/07 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.