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FRED

Fredonia Mining TSXV:FRED Stock Report

Last Price

CA$0.12

Market Cap

CA$20.2m

7D

4.5%

1Y

-20.7%

Updated

13 Aug, 2022

Data

Company Financials
FRED fundamental analysis
Snowflake Score
Valuation1/6
Future Growth0/6
Past Performance0/6
Financial Health6/6
Dividends0/6

FRED Stock Overview

Fredonia Mining Inc. engages in the exploration of gold and silver resources.

Fredonia Mining Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Fredonia Mining
Historical stock prices
Current Share PriceCA$0.12
52 Week HighCA$0.37
52 Week LowCA$0.095
Beta0
1 Month Change-17.86%
3 Month Change-28.13%
1 Year Change-20.69%
3 Year Changen/a
5 Year Changen/a
Change since IPO-54.00%

Recent News & Updates

Shareholder Returns

FREDCA Metals and MiningCA Market
7D4.5%4.4%3.0%
1Y-20.7%-14.2%0.7%

Return vs Industry: FRED underperformed the Canadian Metals and Mining industry which returned -14.2% over the past year.

Return vs Market: FRED underperformed the Canadian Market which returned 0.7% over the past year.

Price Volatility

Is FRED's price volatile compared to industry and market?
FRED volatility
FRED Average Weekly Movementn/a
Metals and Mining Industry Average Movement11.7%
Market Average Movement10.6%
10% most volatile stocks in CA Market18.9%
10% least volatile stocks in CA Market4.3%

Stable Share Price: Insufficient data to determine FRED's volatility over the past 3 months.

Volatility Over Time: Insufficient data to determine FRED's volatility change over the past year.

About the Company

FoundedEmployeesCEOWebsite
2012n/aEstani Auriemmahttps://www.fredoniamanagement.com

Fredonia Mining Inc. engages in the exploration of gold and silver resources. Its flagship project is the El Dorado Monserrat project that comprises various license blocks covering approximately 6,000 ha. The company was incorporated in 2012 and is headquartered in Toronto, Canada.

Fredonia Mining Fundamentals Summary

How do Fredonia Mining's earnings and revenue compare to its market cap?
FRED fundamental statistics
Market CapUS$15.79m
Earnings (TTM)-US$2.37m
Revenue (TTM)n/a

0.0x

P/S Ratio

-6.7x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
FRED income statement (TTM)
RevenueUS$0
Cost of RevenueUS$0
Gross ProfitUS$0
Other ExpensesUS$2.37m
Earnings-US$2.37m

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

n/a

Earnings per share (EPS)-0.013
Gross Margin0.00%
Net Profit Margin0.00%
Debt/Equity Ratio0.0%

How did FRED perform over the long term?

See historical performance and comparison
We’ve recently updated our valuation analysis.

Valuation

Is FRED undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

1/6

Valuation Score 1/6

  • Price-To-Book vs Peers

  • Price-To-Book vs Industry

  • Price-To-Book vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

Which metric is best to use when looking at relative valuation for FRED?

Other financial metrics that can be useful for relative valuation.

FRED key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenuen/a
Enterprise Value/EBITDA-7.6x
PEG Ration/a

Price to Book Ratio vs Peers

How does FRED's PB Ratio compare to its peers?

FRED PB Ratio vs Peers
The above table shows the PB ratio for FRED vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPBEstimated GrowthMarket Cap
Peer Average9x
CAPT Capitan Mining
2.4xn/aCA$19.9m
RK Rockhaven Resources
0.5xn/aCA$20.7m
ABI Abcourt Mines
0.6xn/aCA$18.9m
TDG TDG Gold
1.7xn/aCA$22.2m
FRED Fredonia Mining
3.2xn/aCA$20.2m

Price-To-Book vs Peers: FRED is good value based on its Price-To-Book Ratio (3.2x) compared to the peer average (9x).


Price to Earnings Ratio vs Industry

How does FRED's PE Ratio compare vs other companies in the CA Metals and Mining Industry?

Price-To-Book vs Industry: FRED is expensive based on its Price-To-Book Ratio (3.2x) compared to the Canadian Metals and Mining industry average (1.7x)


Price to Book Ratio vs Fair Ratio

What is FRED's PB Ratio compared to its Fair PB Ratio? This is the expected PB Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

FRED PB Ratio vs Fair Ratio.
Fair Ratio
Current PB Ratio3.2x
Fair PB Ration/a

Price-To-Book vs Fair Ratio: Insufficient data to calculate FRED's Price-To-Book Fair Ratio for valuation analysis.


Share Price vs Fair Value

What is the Fair Price of FRED when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: Insufficient data to calculate FRED's fair value for valuation analysis.

Significantly Below Fair Value: Insufficient data to calculate FRED's fair value for valuation analysis.


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Insufficient data to show price forecast.


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Future Growth

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

Future Growth Score

0/6

Future Growth Score 0/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


13.2%

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 Fredonia Mining 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.


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  • Examine Fredonia Mining's financial health to determine how well-positioned it is against times of financial stress by looking at its level of debt over time and how much cash it has left.
  • Fredonia Mining competitive advantages and company strategy can generally be found in its financial reports archived here.

Past Performance

How has Fredonia Mining performed over the past 5 years?

Past Performance Score

0/6

Past Performance Score 0/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


-524.3%

Last years earnings growth

Earnings and Revenue History

Quality Earnings: FRED is currently unprofitable.

Growing Profit Margin: FRED is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: Insufficient data to determine if FRED's year-on-year earnings growth rate was positive over the past 5 years.

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

Earnings vs Industry: FRED is unprofitable, making it difficult to compare its past year earnings growth to the Metals and Mining industry (-16.2%).


Return on Equity

High ROE: FRED has a negative Return on Equity (-47.92%), as it is currently unprofitable.


Discover strong past performing companies

Financial Health

How is Fredonia Mining's financial position?

Financial Health Score

6/6

Financial Health Score 6/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Stable Cash Runway

  • Forecast Cash Runway

Financial Position Analysis

Short Term Liabilities: FRED's short term assets ($1.5M) exceed its short term liabilities ($319.1K).

Long Term Liabilities: FRED has no long term liabilities.


Debt to Equity History and Analysis

Debt Level: FRED is debt free.

Reducing Debt: FRED had no debt 5 years ago.


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: FRED has sufficient cash runway for 5 months based on last reported free cash flow, but has since raised additional capital.

Forecast Cash Runway: FRED is forecast to have sufficient cash runway for 3 months based on free cash flow estimates, but has since raised additional capital.


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Dividend

What is Fredonia Mining current dividend yield, its reliability and sustainability?

Dividend Score

0/6

Dividend Score 0/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage

Dividend Yield vs Market

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

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

Growing Dividend: Insufficient data to determine if FRED's dividend payments have been increasing.


Earnings Payout to Shareholders

Earnings Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: Unable to calculate sustainability of dividends as FRED has not reported any payouts.


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Management

How experienced are the management team and are they aligned to shareholders interests?

0.3yrs

Average management tenure


CEO

Estani Auriemma (48 yo)

1.08yrs

Tenure

US$166,089

Compensation

Mr. Estanislao Ricardo Auriemma, also known as Estani, has been an Independent Director of Neo Lithium Corporation since November 20, 2018. Mr. Auriemma is Director of Pentagon I Capital Corp. He joined Gr...


CEO Compensation Analysis

Compensation vs Market: Estani's total compensation ($USD166.09K) is about average for companies of similar size in the Canadian market ($USD186.79K).

Compensation vs Earnings: Insufficient data to compare Estani's compensation with company performance.


Leadership Team

Experienced Management: FRED's management team is not considered experienced ( 0.3 years average tenure), which suggests a new team.


Board Members

Experienced Board: FRED's board of directors are not considered experienced ( 1.1 years average tenure), which suggests a new board.


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.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 16.4%.


Top Shareholders

Company Information

Fredonia Mining Inc.'s employee growth, exchange listings and data sources


Key Information

  • Name: Fredonia Mining Inc.
  • Ticker: FRED
  • Exchange: TSXV
  • Founded: 2012
  • Industry: Precious Metals and Minerals
  • Sector: Materials
  • Implied Market Cap: CA$20.202m
  • Shares outstanding: 175.67m
  • Website: https://www.fredoniamanagement.com

Location

  • Fredonia Mining Inc.
  • 350 Bay Street # 700
  • Toronto
  • Ontario
  • M5H 2S6
  • Canada

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/08/13 00:00
End of Day Share Price2022/08/12 00:00
Earnings2022/03/31
Annual Earnings2021/09/30


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.