BST:XEN

Stock Analysis Report

Executive Summary

Element ASA engages in the acquisition and development of mineral resources.

Snowflake

Fundamentals

Mediocre balance sheet and overvalued.

Risks

  • Element is not covered by any analysts.

Share Price & News

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


Latest Share Price and Events


Market Performance


7 Day Return

0%

BST:XEN

-6.5%

DE Metals and Mining

-1.5%

DE Market


1 Year Return

n/a

BST:XEN

-48.4%

DE Metals and Mining

-10.4%

DE Market

No trading data on XEN.

No trading data on XEN.


Share holder returns

XENIndustryMarket
7 Day0%-6.5%-1.5%
30 Day0%-14.1%-4.3%
90 Day-0.8%-22.5%-5.9%
1 Yearn/a-47.6%-48.4%-7.6%-10.4%
3 Yearn/a-47.3%-49.1%9.4%0.03%
5 Yearn/a-43.0%-46.0%25.6%8.1%

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 based on future cash flows and its price relative to the stock market?

0.082x

Price to Book (PB) ratio


Intrinsic Value Based on Future Cash Flows

Unable to calculate intrinsic value for Element to establish if it is available at moderate discount.

Unable to calculate intrinsic value for Element to establish if it is available at substantial discount.


Price Based on Earnings

Element is loss making, we can't compare its value to the Europe Metals and Mining industry average.

Element is loss making, we can't compare the value of its earnings to the Germany market.


Price Based on Expected Growth

Unable to calculate PEG ratio for Element, we can't assess if its growth is good value.


Price Based on Value of Assets

Element is good value based on assets compared to the DE Metals and Mining industry average.


Next Steps

Future Growth

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

62.9%

Forecasted Metals and Mining 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?

-14.2%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Element does not make a profit and their year on year earnings growth rate was negative over the past 5 years.

Unable to compare Element's 1-year earnings growth to the 5-year average as it is not currently profitable.

Unable to compare Element's 1-year growth to the Europe Metals and Mining industry average as it is not currently profitable.


Return on Equity

It is difficult to establish if Element has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.


Return on Assets

It is difficult to establish if Element has efficiently used its assets last year compared to the Europe Metals and Mining industry average (Return on Assets) as it is loss-making.


Return on Capital Employed

It is difficult to establish if Element improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.


Next Steps

Financial Health

How is Element's financial position?


Financial Position Analysis

Element is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.

Element has no long term commitments.


Debt to Equity History and Analysis

Element's level of debt (14.9%) compared to net worth is satisfactory (less than 40%).

The level of debt compared to net worth has increased over the past 5 years (0% vs 14.9% today).


Balance Sheet

Low level of unsold assets.

Debt is covered by short term assets, assets are 7.6x 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.

Element has less than a year of cash runway based on current free cash flow.

Element has less than a year of cash runway if free cash flow continues to grow at historical rates of 36.2% each year.


Next Steps

Dividend

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


Dividend Yield and Payments Analysis

Unable to evaluate Element's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.

Unable to evaluate Element's dividend against the top 25% market benchmark as the company has not reported any payouts.

Unable to perform a dividend volatility check as Element has not reported any payouts.

Unable to verify if Element's dividend has been increasing as the company has not reported any payouts.


Current Payout to Shareholders

Unable to calculate sustainability of dividends as Element has not reported any payouts.


Future Payout to Shareholders

Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.


Next Steps

Management

What is the CEO of Element's salary, the management and board of directors tenure and is there insider trading?

0.7yrs

Average management tenure


CEO

Geir Johansen

0.1yrs

Tenure

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 ...


Management Age and Tenure

0.7yrs

Average Tenure

58yo

Average Age

The average tenure for the Element management team is less than 2 years, this suggests a new team.


Insider Trading

More shares have been bought than sold by Element individual insiders in the past 3 months.


Recent Insider Transactions

Buy€116,90525 Jun 19
Thomas Christensen
EntityIndividual
Role
Chairman of the Board
Shares400,000
Max Price€0.29
Buy€10,22206 Jun 19
Kari Toverud
EntityIndividual
Role
Member of the Board of Directors
Shares26,000
Max Price€0.39
Sell€56,14315 Mar 19
Nobelsystem Scandinavia AS
EntityCompany
Shares65,000
Max Price€0.86
Sell€10,53928 Dec 18
Frode Aschim
EntityIndividual
Shares8,128.9
Max Price€1.30
Buy€3,77614 Dec 18
Cecilie Grue
EntityIndividual
Shares2,000
Max Price€1.89
Buy€4,70006 Dec 18
Frode Aschim
EntityIndividual
Shares2,500
Max Price€1.88
Buy€9,40106 Dec 18
Lars Beitnes
EntityIndividual
Role
Consultant
Shares5,000
Max Price€1.88
Sell€47,59706 Sep 18
Nobelsystem Scandinavia AS
EntityCompany
Shares10,000
Max Price€4.76
Buy€10,30603 Sep 18
Cecilie Grue
EntityIndividual
Shares2,412
Max Price€4.27

Ownership Breakdown


Management Team

  • Leo Gamolo (58yo)

    Head of The Philippine Operations and Country Manager

    • Tenure: 6.0yrs
  • David Attewill (58yo)

    Chief Project Manager and Vice President of Projects

  • Andreas Qvale (75yo)

    Vice President of Communication & Corporate Affairs

    • Compensation: $203.00k
  • Geir Johansen

    CEO & CFO

    • Tenure: 0.1yrs
  • Joselito Bacani (61yo)

    President of Intex Resources Philippines Inc

  • Lars Beitnes (47yo)

    Consultant

    • Tenure: 0.6yrs
  • Hans Haavelsrud

    Chief Operating Officer

    • Tenure: 0.8yrs
    • Compensation: $1.39m

Board Members

  • Thomas Christensen

    Chairman

    • Tenure: 0.5yrs
  • Kari Toverud

    Member of the Board of Directors

    • Tenure: 1.1yrs
  • Kris Gram

    Member of the Board

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: kr20.265m
  • Listing Market Cap: kr2.091m
  • Shares outstanding: 12.67m
  • Website: Click here

Number of Employees


Location

  • Element ASA
  • Karenslyst Allé 53
  • Oslo
  • Oslo
  • 279
  • 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 ASA engages in the acquisition and development of mineral resources. It holds interests in the Bending Lake iron deposit in Ontario, Canada. The company was formerly known as Intex Resources ASA an ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/07/24 21:45
End of Day Share Price2019/04/26 00:00
Earnings2019/03/31
Annual Earnings2018/12/31


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.