OB:ELE

Stock Analysis Report

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Executive Summary

Element ASAengages acquisition and development of mineral resources. More Details


Snowflake Analysis

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.


Market Performance


7 Day Return

-1.7%

ELE

4.6%

NO Metals and Mining

0.1%

NO Market


1 Year Return

18.4%

ELE

21.1%

NO Metals and Mining

-0.7%

NO Market

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.


Shareholder returns

ELEIndustryMarket
7 Day-1.7%4.6%0.1%
30 Day12.8%19.6%12.7%
90 Day10.7%17.2%8.8%
1 Year18.4%18.4%25.9%21.1%2.9%-0.7%
3 Year-92.0%-92.0%25.7%9.7%10.3%-2.1%
5 Year-87.7%-87.7%168.7%114.4%57.9%26.7%

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

Valuation

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

0.89x

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).


Next Steps

Future Growth

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

19.8%

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 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?

-25.8%

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.


Next Steps

Financial Health

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.


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: 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.


Next Steps

Dividend

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.


Next Steps

Management

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

1.9yrs

Average board tenure


CEO

Geir Johansen

1.5yrs

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 ($USD18.46K) is below average for companies of similar size in the Norwegian market ($USD386.18K).

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


Board Members

NamePositionTenureCompensationOwnership
Thomas W. Christensen
Chairman1.92yrsUS$957.00k7.41%
$ 6.3m
Kari Toverud
Board Member2.5yrsUS$350.00k0.15%
$ 128.1k
Viggo Leisner
Director0.50yrno datano data

1.9yrs

Average Tenure

Experienced Board: ELE's board of directors are not considered experienced ( 1.9 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 not been meaningfully diluted in the past year.


Top Shareholders

Company Information

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


Key Information

  • 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


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 Analysis2020/12/02 17:21
End of Day Share Price2020/12/01 00:00
Earnings2020/09/30
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.