Oceanic Iron Ore Corp., an exploration stage company, acquires and explores for iron ore properties in Québec, Canada. More Details
Mediocre balance sheet and overvalued.
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 is more volatile than 75% of Canadian stocks over the past 3 months, typically moving +/- 15% a week.
Volatility Over Time: FEO's weekly volatility (15%) has been stable over the past year, but is still higher than 75% of Canadian stocks.
7 Day Return
CA Metals and Mining
1 Year Return
CA Metals and Mining
Return vs Industry: FEO exceeded the Canadian Metals and Mining industry which returned 14.1% over the past year.
Return vs Market: FEO exceeded the Canadian Market which returned 39.2% over the past year.
Long-Term 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
1 year ago | Simply Wall StCould The Oceanic Iron Ore Corp. (CVE:FEO) Ownership Structure Tell Us Something Useful?
1 year ago | Simply Wall StOceanic Iron Ore (CVE:FEO) Shareholders Have Enjoyed A 100% Share Price Gain
2 years ago | Simply Wall StAre Oceanic Iron Ore Corp's (CVE:FEO) Interest Costs Too High?
Is Oceanic Iron Ore undervalued compared to its fair value and its price relative to the market?
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 Canadian 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 (0.7x) compared to the CA Metals and Mining industry average (2.9x).
How is Oceanic Iron Ore forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
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.
How has Oceanic Iron Ore performed over the past 5 years?
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 1.2% 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 (107.4%).
Return on Equity
High ROE: FEO has a negative Return on Equity (-12.56%), as it is currently unprofitable.
How is Oceanic Iron Ore's financial position?
Financial Position Analysis
Short Term Liabilities: FEO's short term assets (CA$59.2K) do not cover its short term liabilities (CA$1.2M).
Long Term Liabilities: FEO's short term assets (CA$59.2K) do not cover its long term liabilities (CA$6.0M).
Debt to Equity History and Analysis
Debt Level: FEO's debt to equity ratio (15.2%) is considered satisfactory.
Reducing Debt: FEO's debt to equity ratio has increased from 4% to 15.2% over the past 5 years.
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 sufficient cash runway for 2 months based on last reported free cash flow, but has since raised additional capital.
Forecast Cash Runway: FEO is forecast to have sufficient cash runway for 2 months based on free cash flow estimates, but has since raised additional capital.
What is Oceanic Iron Ore 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 recent payouts.
High Dividend: Unable to evaluate FEO's dividend yield against the top 25% of dividend payers, as the company has not reported any recent 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.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
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...
Experienced Management: FEO's management team is seasoned and experienced (6.5 years average tenure).
Experienced Board: FEO's board of directors are seasoned and experienced ( 10.3 years average tenure).
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
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 2.5%.
Oceanic Iron Ore Corp.'s company bio, employee growth, exchange listings and data sources
- Name: Oceanic Iron Ore Corp.
- Ticker: FEO
- Exchange: TSXV
- Founded: 1986
- Industry: Steel
- Sector: Materials
- Market Cap: CA$26.283m
- Shares outstanding: 93.87m
- Website: https://www.oceanicironore.com
- Oceanic Iron Ore Corp.
- Three Bentall Centre
- Suite 3083
- British Columbia
- V7X 1L3
Oceanic Iron Ore Corp., an exploration stage company, acquires and explores for iron ore properties in Québec, Canada. It owns a 100% interest in the Ungava Bay iron property comprising three project areas...
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/05/15 22:34|
|End of Day Share Price||2021/05/13 00:00|
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.