TSXV:FGR

Stock Analysis Report

Fengro Industries

Executive Summary

Fengro Industries Corp. engages in the exploration, development, and production of phosphate fertilizers in Brazil.


Snowflake Analysis

Weak fundamentals or lack of information.

Share Price & News

How has Fengro Industries's share price performed over time and what events caused price changes?


Latest Share Price and Events

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


Market Performance


7 Day Return

0%

FGR

1.6%

CA Chemicals

-1.5%

CA Market


1 Year Return

-87.5%

FGR

-24.8%

CA Chemicals

2.5%

CA Market

Return vs Industry: FGR underperformed the Canadian Chemicals industry which returned -7% over the past year.

Return vs Market: FGR underperformed the Canadian Market which returned 10.4% over the past year.


Shareholder returns

FGRIndustryMarket
7 Day0%1.6%-1.5%
30 Day0%-5.0%-0.7%
90 Day0%-10.6%1.8%
1 Year-87.5%-87.5%-22.2%-24.8%5.7%2.5%
3 Year-99.0%-99.0%-33.4%-37.5%16.8%6.2%
5 Year-99.8%-99.8%-28.1%-36.0%32.0%12.8%

Price Volatility Vs. Market

How volatile is Fengro Industries's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Fengro Industries undervalued compared to its fair value and its price relative to the market?


In this section, we usually try to help investors determine whether Fengro Industries is trading at an attractive price based on the cash flow it is expected to produce in the future. But as Fengro Industries has not provided consistent financial data, and the stock also has no analyst forecast or coverage, its intrinsic value cannot be reliably calculated by extrapolating past data or using analyst consensus cash flow predictions.

This is quite a rare situation as 89% of companies covered by Simply Wall St do have a valuation analysis.


Next Steps

  • Take a look at our analysis of FGR’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.
  • When valuing a company like this, investors focus more on how they perceive the size of the opportunity, the company's ability to deliver and scale, and the strength of the team. While we are not analysing this type of data at the moment, if you don’t know where to start, we recommend reading through Fengro Industries regulatory filings.
  • Explore potentially undervalued companies in the Materials industry.

Future Growth

How is Fengro Industries forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

12.6%

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 Fengro Industries 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 Fengro Industries performed over the past 5 years?

3.6%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: FGR is currently unprofitable.

Growing Profit Margin: FGR is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: FGR is unprofitable, but has reduced losses over the past 5 years at a rate of 3.6% per year.

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

Earnings vs Industry: FGR is unprofitable, making it difficult to compare its past year earnings growth to the Chemicals industry (-18.6%).


Return on Equity

High ROE: FGR's liabilities exceed its assets, so it is difficult to calculate its Return on Equity.


Next Steps

Financial Health

How is Fengro Industries's financial position?


Financial Position Analysis

Short Term Liabilities: FGR has negative shareholder equity, which is a more serious situation than short term assets not covering short term liabilities.

Long Term Liabilities: FGR has negative shareholder equity, which is a more serious situation than short term assets not covering long term liabilities.


Debt to Equity History and Analysis

Debt Level: FGR has negative shareholder equity, which is a more serious situation than a high debt level.

Reducing Debt: FGR's has negative shareholder equity, so we do not need to check if its debt has reduced over time.


Balance Sheet

Inventory Level: FGR has a low level of unsold assets or inventory.

Debt Coverage by Assets: FGR has negative shareholder equity (liabilities exceed assets) therefore debt is not covered by short term assets.


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

Forecast Cash Runway: FGR has less than a year of cash runway if free cash flow continues to grow at historical rates of 11.8% each year.


Next Steps

Dividend

What is Fengro Industries's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

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

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

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

4.0yrs

Average board tenure


CEO

Giles Baynham (46yo)

4yrs

Tenure

CA$390,661

Compensation

Mr. Giles Edward Baynham, ARSM, has been the Chief Executive Officer of Fengro Industries Corp. (formerly, DuSolo Fertilizers Inc.) since January 12, 2016. Mr. Baynham has been Director of Corporate Develo ...


CEO Compensation Analysis

Compensation vs Market: Giles's total compensation ($USD299.01K) is above average for companies of similar size in the Canadian market ($USD165.67K).

Compensation vs Earnings: Giles's compensation has increased whilst the company is unprofitable.


Board Members

NamePositionTenureCompensationOwnership
Giles Baynham
President4yrsCA$390.66k0.030% CA$75.0
Peter Ruxton
Interim CFO & Non-Executive Director5.3yrsCA$43.23kno data
Mohan Vulimiri
Advisory Board Member8.5yrsno datano data
Keith Carpenter
Non-Executive Director2.5yrsCA$43.23kno data
David Cather
Non-Executive Director2.8yrsCA$43.23kno data
Duane Lo
Independent Non-Executive Director3.8yrsCA$43.23kno data
Zelia Cardoso Mello
Member of Advisory Board8.8yrsno datano data

4.0yrs

Average Tenure

59yo

Average Age

Experienced Board: FGR's board of directors are considered experienced (4 years average tenure).


Ownership

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.


Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 40.1%.


Top Shareholders

Company Information

Fengro Industries Corp.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Fengro Industries Corp.
  • Ticker: FGR
  • Exchange: TSXV
  • Founded: 2004
  • Industry: Fertilizers and Agricultural Chemicals
  • Sector: Materials
  • Market Cap: CA$250.259k
  • Shares outstanding: 50.05m
  • Website: https://fengro.com

Location

  • Fengro Industries Corp.
  • 1111 Melville Street
  • Suite 1100
  • Vancouver
  • British Columbia
  • V6E 3V6
  • Canada

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
FGRTSXV (TSX Venture Exchange)YesCommon SharesCACADAug 2006
E6R1DB (Deutsche Boerse AG)YesCommon SharesDEEURAug 2006
ELGS.FOTCPK (Pink Sheets LLC)YesCommon SharesUSUSDAug 2006

Biography

Fengro Industries Corp. engages in the exploration, development, and production of phosphate fertilizers in Brazil. Its flagship project is the Bonfim property located in the state of Tocantin, Brazil. The company sells direct application natural fertilizer products to farmers and agricultural companies. The company was formerly known as DuSolo Fertilizers Inc. and changed its name to Fengro Industries Corp. in December 2017. Fengro Industries Corp. was incorporated in 2004 and is based in Vancouver, Canada. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/01/26 00:49
End of Day Share Price2019/10/28 00:00
Earnings2019/06/30
Annual Earnings2018/09/30


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.