Element ASAengages acquisition and development of mineral resources. More Details
Flawless 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 is not significantly more volatile than the rest of Norwegian stocks over the past 3 months, typically moving +/- 9% a week.
Volatility Over Time: ELE's weekly volatility has decreased from 17% to 9% over the past year.
7 Day Return
NO Metals and Mining
1 Year Return
NO Metals and Mining
Return vs Industry: ELE matched the Norwegian Metals and Mining industry which returned 19.2% over the past year.
Return vs Market: ELE exceeded the Norwegian Market which returned 0.4% over the past year.
Long-Term 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 StElement ASA (OB:ELE) Insiders Increased Their Holdings
5 months ago | Simply Wall StHave Insiders Been Buying Element ASA (OB:ELE) Shares This Year?
6 months ago | Simply Wall StIf You Had Bought Element (OB:ELE) Stock Five Years Ago, You'd Be Sitting On A 97% Loss, Today
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 XE 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 (1.4x).
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.
- Examine Element's financial health to determine how well-positioned it is against times of financial stress by looking at its level of debt over time and how much cash it has left.
- 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 25.8% 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 (-21.8%).
Return on Equity
High ROE: ELE has a negative Return on Equity (-70.49%), as it is currently unprofitable.
How is Element's financial position?
Financial Position Analysis
Short Term Liabilities: ELE's short term assets ($2.0M) exceed its short term liabilities ($191.0K).
Long Term Liabilities: ELE has no long term liabilities.
Debt to Equity History and Analysis
Debt Level: ELE is debt free.
Reducing Debt: ELE had no debt 5 years ago.
Cash Runway Analysis
For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: ELE has sufficient cash runway for more than a year based on its current free cash flow.
Forecast Cash Runway: ELE has sufficient cash runway for 1 years if free cash flow continues to reduce at historical rates of 8.6% each year.
What is Element current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Notable Dividend: Unable to evaluate ELE's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate ELE's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if ELE's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if ELE's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of ELE's dividend in 3 years as they are not forecast to pay a notable one for the Norwegian market.
How experienced are the management team and are they aligned to shareholders interests?
Average board tenure
Mr. Geir Johansen serves as the Chief Financial Officer of Element ASA since December 7, 2018 and its CEO since June 6, 2019. He served as Chief Financial Officer at Nickel Mountain Group AB (publ) from Ja...
CEO Compensation Analysis
Compensation vs Market: Geir's total compensation ($USD18.46K) is below average for companies of similar size in the Norwegian market ($USD386.18K).
Compensation vs Earnings: Insufficient data to compare Geir's compensation with company performance.
|Board Member||2.5yrs||US$350.00k||0.15% |
|Director||0.50yr||no data||no data|
Experienced Board: ELE's board of directors are not considered experienced ( 1.9 years average tenure), which suggests a new board.
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
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
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: kr85.237m
- Shares outstanding: 18.90m
- Website: https://www.elementasa.com
Number of Employees
- Element ASA
- Grundingen 2
|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 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
|Data||Last Updated (UTC time)|
|Company Analysis||2020/12/02 17:21|
|End of Day Share Price||2020/12/01 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.