TSXV:ZNX

Stock Analysis Report

Executive Summary

ZincX Resources Corp. explores for and evaluates mineral resource properties in Canada.

Rewards

Earnings have grown 10.6% per year over the past 5 years

Risk Analysis

Has less than 1 year of cash runway

Currently unprofitable and not forecast to become profitable over the next 3 years

Does not have a meaningful market cap (CA$17M)



Snowflake Analysis

Adequate balance sheet and overvalued.

Share Price & News

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


Latest Share Price and Events

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


Market Performance


7 Day Return

0%

ZNX

4.6%

CA Metals and Mining

0.2%

CA Market


1 Year Return

-52.4%

ZNX

4.5%

CA Metals and Mining

4.9%

CA Market

Return vs Industry: ZNX underperformed the Canadian Metals and Mining industry which returned 4.5% over the past year.

Return vs Market: ZNX underperformed the Canadian Market which returned 4.9% over the past year.


Shareholder returns

ZNXIndustryMarket
7 Day0%4.6%0.2%
30 Day-16.7%3.7%0.4%
90 Day-9.1%10.7%3.7%
1 Year-52.4%-52.4%5.1%4.5%8.2%4.9%
3 Year-73.0%-73.0%-5.4%-7.0%15.9%5.5%
5 Year-61.5%-61.5%26.4%22.6%33.8%14.3%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

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

0.22x

Price to Book (PB) ratio


Share Price vs. Fair Value

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

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


Price To Earnings Ratio

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

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


Price to Book Ratio

PB vs Industry: ZNX is good value based on its PB Ratio (0.2x) compared to the CA Metals and Mining industry average (1.5x).


Next Steps

Future Growth

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

15.8%

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 ZincX 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 ZincX Resources performed over the past 5 years?

10.6%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: ZNX is currently unprofitable.

Growing Profit Margin: ZNX is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: ZNX is unprofitable, but has reduced losses over the past 5 years at a rate of 10.6% per year.

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

Earnings vs Industry: ZNX is unprofitable, making it difficult to compare its past year earnings growth to the Metals and Mining industry (10.1%).


Return on Equity

High ROE: ZNX has a negative Return on Equity (-1.22%), as it is currently unprofitable.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is ZincX Resources's financial position?


Financial Position Analysis

Short Term Liabilities: ZNX's short term assets (CA$2.3M) exceed its short term liabilities (CA$422.9K).

Long Term Liabilities: ZNX's short term assets (CA$2.3M) exceed its long term liabilities (CA$1.6M).


Debt to Equity History and Analysis

Debt Level: ZNX is debt free.

Reducing Debt: ZNX had no debt 5 years ago.


Balance Sheet

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

Debt Coverage by Assets: Insufficient data to determine if ZNX's debt is 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: ZNX has less than a year of cash runway based on its current free cash flow.

Forecast Cash Runway: ZNX has less than a year of cash runway if free cash flow continues to grow at historical rates of 2.2% each year.


Next Steps

Dividend

What is ZincX 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 ZNX's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.

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

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

12.3yrs

Average board tenure


CEO

Peeyush Varshney (52yo)

14.4yrs

Tenure

CA$153,085

Compensation

Mr. Peeyush Kumar Varshney, L.L.M., L.L.B., & B.Com., has been the Chief Executive Officer and President of Hastings Resources Corp., since May 2008. Mr. Varshney has been the Chairman and Chief Executive  ...


Board Members

NamePositionTenureCompensationOwnership
Peeyush Varshney
Chairman14.4yrsCA$153.09k0.25% CA$42.5k
Praveen Varshney
CFO & Director9.4yrsCA$153.09k0.050% CA$8.6k
John Thomas
Independent Director12.3yrsCA$5.00kno data
Marco Strub
Independent Director15.3yrsCA$20.00k0.22% CA$38.0k
Xinfu Hu
Independent Director1.3yrsno datano data

12.3yrs

Average Tenure

58yo

Average Age

Experienced Board: ZNX's board of directors are seasoned and experienced ( 12.3 years average tenure).


Ownership

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


Insider Trading Volume

Insider Buying: ZNX insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

ZincX Resources Corp.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: ZincX Resources Corp.
  • Ticker: ZNX
  • Exchange: TSXV
  • Founded: 1988
  • Industry: Diversified Metals and Mining
  • Sector: Materials
  • Market Cap: CA$17.034m
  • Shares outstanding: 170.34m
  • Website: https://www.zincxresources.com

Number of Employees


Location

  • ZincX Resources Corp.
  • Royal Centre
  • Suite 2050
  • Vancouver
  • British Columbia
  • V6E 3P3
  • Canada

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
M9RDB (Deutsche Boerse AG)YesCommon SharesDEEURAug 1989
ZNXTSXV (TSX Venture Exchange)YesCommon SharesCACADAug 1989
CZXM.FOTCPK (Pink Sheets LLC)YesCommon SharesUSUSDAug 1989

Biography

ZincX Resources Corp. explores for and evaluates mineral resource properties in Canada. The company explores for zinc, lead, and silver deposits. It holds a 100% interest in the Akie property that consists of 46 mineral claims covering an area of approximately 116 square kilometers; and the Kechika Regional project comprising 184 mineral claims covering an area of approximately 682 square kilometers located in northeastern British Columbia. The company was formerly known as Canada Zinc Metals Corp. and changed its name to ZincX Resources Corp. in May 2018. ZincX Resources Corp. was incorporated in 1988 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 Analysis2020/02/19 01:15
End of Day Share Price2020/02/18 00:00
Earnings2019/09/30
Annual Earnings2019/06/30


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.