TSXV:ORX

Stock Analysis Report

Orefinders Resources

Executive Summary

Orefinders Resources Inc. engages in the exploration, development, and production of gold assets in the Abitibi region of Ontario.


Snowflake Analysis

Mediocre balance sheet and overvalued.

Share Price & News

How has Orefinders Resources's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: ORX has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

0%

ORX

3.1%

CA Metals and Mining

0.6%

CA Market


1 Year Return

-9.1%

ORX

4.7%

CA Metals and Mining

5.3%

CA Market

Return vs Industry: ORX underperformed the Canadian Metals and Mining industry which returned 4.7% over the past year.

Return vs Market: ORX underperformed the Canadian Market which returned 5.3% over the past year.


Shareholder returns

ORXIndustryMarket
7 Day0%3.1%0.6%
30 Day-9.1%3.5%1.0%
90 Day0%11.9%4.5%
1 Year-9.1%-9.1%5.4%4.7%8.6%5.3%
3 Year25.0%25.0%-4.3%-5.9%18.0%7.4%
5 Year66.7%66.7%24.6%21.0%34.4%14.9%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

Is Orefinders Resources undervalued compared to its fair value and its price relative to the market?

0.64x

Price to Book (PB) ratio


Share Price vs. Fair Value

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

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


Price To Earnings Ratio

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

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


Price to Book Ratio

PB vs Industry: ORX is good value based on its PB Ratio (0.6x) compared to the CA Metals and Mining industry average (1.5x).


Next Steps

Future Growth

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

15.9%

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 Orefinders Resources 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 Orefinders Resources performed over the past 5 years?

-23.8%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: ORX is currently unprofitable.

Growing Profit Margin: ORX is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: ORX is unprofitable, and losses have increased over the past 5 years at a rate of -23.8% per year.

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

Earnings vs Industry: ORX is unprofitable, making it difficult to compare its past year earnings growth to the Metals and Mining industry (11.7%).


Return on Equity

High ROE: ORX has a negative Return on Equity (-11.28%), as it is currently unprofitable.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is Orefinders Resources's financial position?


Financial Position Analysis

Short Term Liabilities: ORX's short term assets (CA$1.1M) exceed its short term liabilities (CA$678.8K).

Long Term Liabilities: ORX has no long term liabilities.


Debt to Equity History and Analysis

Debt Level: ORX's debt to equity ratio (0.4%) is considered satisfactory.

Reducing Debt: Insufficient data to determine if ORX's debt to equity ratio has reduced over the past 5 years.


Balance Sheet

Inventory Level: ORX has a high level of physical assets or inventory.

Debt Coverage by Assets: ORX's debt is covered by short term assets (assets are 32.4x debt).


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

Forecast Cash Runway: ORX has less than a year of cash runway if free cash flow continues to grow at historical rates of 13.5% each year.


Next Steps

Dividend

What is Orefinders Resources's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

companyn/amarketbottom25%1.9%markettop25%5.3%industryaverage1.1%forecastin3Yearsn/a

Current dividend yield vs market & industry

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

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

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

2.8yrs

Average management tenure


CEO

Stephen Stewart (39yo)

4.7yrs

Tenure

CA$146,000

Compensation

Mr. Stephen Alexander Nelson Stewart, MBA, MSRE, M.sc., has been the President of Xmet Inc. since December 15, 2013. Mr. Stewart has been Director and served as Nominee Director of Mistango River Resources ...


CEO Compensation Analysis

Compensation vs Market: Stephen's total compensation ($USD110.09K) is about average for companies of similar size in the Canadian market ($USD154.33K).

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


Leadership Team

NamePositionTenureCompensationOwnership
Stephen Stewart
CEO, Secretary & Director4.7yrsCA$146.00k4.61% CA$295.8k
Jeffrey Potwarka
Chief Financial Officer3.5yrsCA$43.25kno data
Gautam Narayanan
Manager of Corporate Development2.1yrsno datano data
Antoine Schwartzmann
Project Geologist1.7yrsno datano data

2.8yrs

Average Tenure

Experienced Management: ORX's management team is considered experienced (2.8 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Stephen Stewart
CEO, Secretary & Director4.7yrsCA$146.00k4.61% CA$295.8k
Alexander Stewart
Chairman0yrsCA$136.00k3.27% CA$210.0k
Charles Beaudry
VP of Exploration & Director2.7yrsCA$76.90k3.62% CA$232.5k
Claude Bouchard
Independent Director5.1yrsno data0.16% CA$10.0k
Anthony Moreau
Independent Director0.8yrsno datano data

3.8yrs

Average Tenure

Experienced Board: ORX's board of directors are considered experienced (3.8 years average tenure).


Ownership

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


Insider Trading Volume

Insider Buying: ORX 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 32.5%.


Top Shareholders

Company Information

Orefinders Resources Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Orefinders Resources Inc.
  • Ticker: ORX
  • Exchange: TSXV
  • Founded: 2011
  • Industry: Gold
  • Sector: Materials
  • Market Cap: CA$6.424m
  • Shares outstanding: 128.48m
  • Website: https://www.orefinders.ca

Location

  • Orefinders Resources Inc.
  • 55 University Avenue
  • Suite 1805
  • Toronto
  • Ontario
  • M5J 2H7
  • Canada

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
ORXTSXV (TSX Venture Exchange)YesCommon SharesCACADDec 2012
ORFD.FOTCPK (Pink Sheets LLC)YesCommon SharesUSUSDDec 2012

Biography

Orefinders Resources Inc. engages in the exploration, development, and production of gold assets in the Abitibi region of Ontario. The company also explores for copper, cobalt, and nickel. The company’s properties include the Mirado project that comprises 12 patented claims covering an area of 5,800 acres located in the Town of Kirkland Lake in north-eastern Ontario; the McGarry project comprising 46 patented mining claims and 5 mining licenses covering an area of 681 hectares situated in Virginiatown, Ontario; and the Knight project consisting of 14 patented leases and 79 mining claims covering an area of 2,200 hectares situated in the Knight and Tyrrell townships of Ontario. It also hold interests in the Mann cobalt-silver mine and the MacMurchy nickel property located in Cobalt, Ontario, as well as the Opemiska copper mine complex situated in the town of Chapais, Quebec. The company was founded in 2011 and is headquartered in Toronto, Canada. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/02/21 02:11
End of Day Share Price2020/02/20 00:00
Earnings2019/07/31
Annual Earnings2018/10/31


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.