BST:XEN

Stock Analysis Report

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Executive Summary

Element ASAengages acquisition and development of mineral resources.


Snowflake Analysis

Adequate balance sheet and overvalued.

Share Price & News

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


Latest Share Price and Events

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


Market Performance


7 Day Return

10.6%

XEN

6.2%

DE Metals and Mining

2.6%

DE Market


1 Year Return

n/a

XEN

-12.8%

DE Metals and Mining

8.1%

DE Market

Return vs Industry: Insufficient data to determine how XEN performed against the German Metals and Mining industry.

Return vs Market: Insufficient data to determine how XEN performed against the German Market.


Shareholder returns

XENIndustryMarket
7 Day10.6%6.2%2.6%
30 Day12.3%7.1%0.6%
90 Day64.6%23.7%11.5%
1 Yearn/a-12.1%-12.8%10.5%8.1%
3 Yearn/a-60.1%-61.3%6.3%-2.1%
5 Yearn/a-52.0%-54.6%15.2%-0.3%

Price Volatility Vs. Market

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


Simply Wall St News

No news available

Valuation

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

2.65x

Price to Book (PB) ratio


Share Price vs. Fair Value

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

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


Price To Earnings Ratio

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

PE vs Market: XEN is unprofitable, so we can't compare its PE Ratio to the German market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate XEN's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: XEN is good value based on its PB Ratio (2.7x) compared to the DE Metals and Mining industry average (3.5x).


Next Steps

Future Growth

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

14.0%

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 Element 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 Element performed over the past 5 years?

-34.2%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: XEN is currently unprofitable.

Growing Profit Margin: XEN is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: XEN is unprofitable, and losses have increased over the past 5 years at a rate of 34.2% per year.

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

Earnings vs Industry: XEN is unprofitable, making it difficult to compare its past year earnings growth to the Metals and Mining industry (-7.8%).


Return on Equity

High ROE: XEN has a negative Return on Equity (-113.66%), as it is currently unprofitable.


Next Steps

Financial Health

How is Element's financial position?


Financial Position Analysis

Short Term Liabilities: XEN's short term assets ($2.6M) exceed its short term liabilities ($1.6M).

Long Term Liabilities: XEN has no long term liabilities.


Debt to Equity History and Analysis

Debt Level: XEN is debt free.

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

Forecast Cash Runway: XEN has less than a year of cash runway if free cash flow continues to reduce at historical rates of 9.4% each year


Next Steps

Dividend

What is Element current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

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

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

Growing Dividend: Insufficient data to determine if XEN'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 XEN's dividend in 3 years as they are not forecast to pay a notable one for the German market.


Next Steps

Management

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

1.9yrs

Average management tenure


CEO

Geir Johansen

1.17yrs

Tenure

US$1,431,000

Compensation

Mr. Geir Johansen serves as the Chief Financial Officer of Element ASA since December 7, 2018 and its CEO since June 6, 2019. He served as Chief Financial Officer at Nickel Mountain Group AB (publ) from Ja ...


CEO Compensation Analysis

Compensation vs Market: Geir's total compensation ($USD158.20K) is below average for companies of similar size in the German market ($USD476.02K).

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


Leadership Team

NamePositionTenureCompensationOwnership
Geir Johansen
CEO & CFO1.17yrsUS$1.43m0.26%
$ 25.8k
Hans Haavelsrud
Chief Operating Officer1.92yrsUS$1.57m0.26%
$ 25.8k
Andreas Qvale
Vice President of Communication & Corporate Affairsno dataUS$72.00kno data
Leo Gamolo
Head of The Philippine Operations and Country Manager7.08yrsno datano data
David Attewill
Chief Project Manager and Vice President of Projectsno datano datano data
Joselito Bacani
President of Intex Resources Philippines Incno datano datano data

1.9yrs

Average Tenure

60.5yo

Average Age

Experienced Management: XEN's management team is not considered experienced ( 1.9 years average tenure), which suggests a new team.


Board Members

NamePositionTenureCompensationOwnership
Thomas W. Christensen
Chairman1.58yrsUS$957.00k7.41%
$ 722.2k
Kari Toverud
Board Member2.17yrsUS$350.00k0.15%
$ 14.7k
Per Bråthen
Member of Nomination Committee0.17yrUS$18.00k2.95%
$ 288.0k
Odd Aarhus
Member of Nomination Committee0.17yrno datano data
Viggo Leisner
Director0.17yrno datano data
Odd Lindland
Member of Nomination Committee0.17yrno datano data

0.2yrs

Average Tenure

Experienced Board: XEN's board of directors are not considered experienced ( 0.2 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 49.1%.


Top Shareholders

Company Information

Element ASA's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Element ASA
  • Ticker: XEN
  • Exchange: BST
  • Founded: 1996
  • Industry: Diversified Metals and Mining
  • Sector: Materials
  • Market Cap: kr103.948m
  • Listing Market Cap: kr9.750m
  • Shares outstanding: 18.90m
  • Website: https://www.elementasa.com

Number of Employees


Location

  • Element ASA
  • Grundingen 2
  • Oslo
  • Oslo
  • 250
  • Norway

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
ELEOB (Oslo Bors)YesOrdinary SharesNONOKOct 1996
XENDB (Deutsche Boerse AG)YesOrdinary SharesDEEUROct 1996
0HTSLSE (London Stock Exchange)YesOrdinary SharesGBNOKOct 1996
XENBST (Boerse-Stuttgart)YesOrdinary SharesDEEUROct 1996

Biography

Element ASAengages acquisition and development of mineral resources. It holds interests in the nickel-cobalt-mineralized areas on the island of Mindoro in the Philippines. The company’s main assets are cu ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/08/08 21:55
End of Day Share Price2020/08/07 00:00
Earnings2020/03/31
Annual Earnings2019/12/31


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.