Element ASA engages in the acquisition and development of mineral resources.
+ 2 more risks
Imperfect 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: ELE's share price has been volatile over the past 3 months.
7 Day Return
NO Metals and Mining
1 Year Return
NO Metals and Mining
Return vs Industry: ELE underperformed the Norwegian Metals and Mining industry which returned 7.5% over the past year.
Return vs Market: ELE underperformed the Norwegian Market which returned 4.5% over the past year.
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
2 months ago | Simply Wall StHow Much Are Element ASA (OB:ELE) Insiders Spending On Buying Shares?
1 year ago | Simply Wall StWho Owns Most Of Element ASA (OB:ELE)?
1 year ago | Simply Wall StDoes Element ASA (OB:ELE) Go Up With The Market?
Is Element undervalued compared to its fair value and its price relative to the market?
Price to Book (PB) ratio
Share Price vs. Fair Value
Below Fair Value: Insufficient data to calculate ELE's fair value to establish if it is undervalued.
Significantly Below Fair Value: Insufficient data to calculate ELE's fair value to establish if it is undervalued.
Price To Earnings Ratio
PE vs Industry: ELE is unprofitable, so we can't compare its PE Ratio to the Metals and Mining industry average.
PE vs Market: ELE is unprofitable, so we can't compare its PE Ratio to the Norwegian market.
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate ELE's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: ELE is good value based on its PB Ratio (0.9x) compared to the XE Metals and Mining industry average (1x).
How is Element forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
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.
- Take a look at our analysis of ELE’s management and see if the CEO’s compensation is within a reasonable range, who is on the board and if insiders have been trading lately.
- Element competitive advantages and company strategy can generally be found in its financial reports archived here.
- Explore growth companies in the Materials industry.
How has Element performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: ELE is currently unprofitable.
Growing Profit Margin: ELE is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: ELE is unprofitable, and losses have increased over the past 5 years at a rate of -33.7% per year.
Accelerating Growth: Unable to compare ELE's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: ELE is unprofitable, making it difficult to compare its past year earnings growth to the Metals and Mining industry (-9.2%).
Return on Equity
High ROE: ELE has a negative Return on Equity (-86.57%), as it is currently unprofitable.
Return on Assets
Return on Capital Employed
How is Element's financial position?
Financial Position Analysis
Short Term Liabilities: ELE's short term assets ($12.6M) exceed its short term liabilities ($3.4M).
Long Term Liabilities: ELE's short term assets ($12.6M) do not cover its long term liabilities ($-1,000.0).
Debt to Equity History and Analysis
Debt Level: ELE's debt to equity ratio (2.1%) is considered satisfactory.
Reducing Debt: Insufficient data to determine if ELE's debt to equity ratio has reduced over the past 5 years.
Inventory Level: ELE has a low level of unsold assets or inventory.
Debt Coverage by Assets: ELE's debt is covered by short term assets (assets are 47.6x 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.
Stable Cash Runway: ELE has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: Insufficient data to determine if ELE has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.
What is Element's current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: Unable to evaluate ELE's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.
High Dividend: Unable to evaluate ELE'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 ELE's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if ELE'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 ELE's dividend in 3 years as they are not forecast to pay a notable one for the Norwegian market.
What is the CEO of Element's salary, the management and board of directors tenure and is there insider trading?
Average management tenure
Geir Johansen 0
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
Experienced Management: ELE's management team is not considered experienced ( 1.2 years average tenure), which suggests a new team.
Board Age and Tenure
Experienced Board: ELE's board of directors are not considered experienced ( 1 years average tenure), which suggests a new board.
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Chairman of the Board
Member of the Board of Directors
Member of the Board of Directors
Dilution of Shares: Shareholders have been substantially diluted in the past year, with total shares outstanding growing by 301.7%.
Leo Gamolo (58yo)
Head of The Philippine Operations and Country Manager
- Tenure: 6.5yrs
David Attewill (58yo)
Chief Project Manager and Vice President of Projects
Andreas Qvale (75yo)
Vice President of Communication & Corporate Affairs
- Compensation: US$72.00k
CEO & CFO
- Tenure: 0.6yrs
Joselito Bacani (61yo)
President of Intex Resources Philippines Inc
Lars Beitnes (47yo)
- Tenure: 1.1yrs
Chief Operating Officer
- Tenure: 1.3yrs
- Compensation: US$1.39m
- Tenure: 1yrs
Member of the Board of Directors
- Tenure: 1.6yrs
Member of the Board
- Tenure: 0.5yrs
Element ASA's company bio, employee growth, exchange listings and data sources
- Name: Element ASA
- Ticker: ELE
- Exchange: OB
- Founded: 1996
- Industry: Diversified Metals and Mining
- Sector: Materials
- Market Cap: kr109.507m
- Shares outstanding: 18.58m
- Website: https://www.elementasa.com
Number of Employees
- Element ASA
- Karenslyst Allé 53
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|ELE||OB (Oslo Bors)||Yes||Ordinary Shares||NO||NOK||Oct 1996|
|XEN||DB (Deutsche Boerse AG)||Yes||Ordinary Shares||DE||EUR||Oct 1996|
|0HTS||LSE (London Stock Exchange)||Yes||Ordinary Shares||GB||NOK||Oct 1996|
|XEN||BST (Boerse-Stuttgart)||Yes||Ordinary Shares||DE||EUR||Oct 1996|
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 and changed its name to Element ASA in October 2017. Element ASA was incorporated in 1996 and is headquartered in Oslo, Norway.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/01/20 20:59|
|End of Day Share Price||2020/01/20 00:00|
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.