OTCPK:FMTN.F

Stock Analysis Report

Executive Summary

Point Loma Resources Ltd. engages in the acquisition, development, and production of petroleum and natural gas reserves in the province of Alberta, Canada.

Snowflake

Fundamentals

Weak fundamentals or lack of information.

Risks

  • Point Loma Resources has significant price volatility in the past 3 months.
  • Point Loma Resources is not covered by any analysts.

Share Price & News

How has Point Loma Resources's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

0%

OTCPK:FMTN.F

2.9%

US Oil and Gas

2.9%

US Market


1 Year Return

-70.0%

OTCPK:FMTN.F

-22.7%

US Oil and Gas

0.2%

US Market

FMTN.F underperformed the Oil and Gas industry which returned -22.7% over the past year.

FMTN.F underperformed the Market in United States of America which returned -0.7% over the past year.


Share holder returns

FMTN.FIndustryMarket
7 Day0%2.9%2.9%
30 Day-36.9%-7.9%-2.3%
90 Day-49.3%-6.6%3.1%
1 Year-70.0%-70.0%-19.9%-22.7%2.4%0.2%
3 Yearn/a-6.3%-14.7%41.7%32.4%
5 Yearn/a-33.0%-42.0%55.1%37.9%

Price Volatility Vs. Market

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


Simply Wall St News

No news available

Valuation

Is Point Loma Resources undervalued based on future cash flows and its price relative to the stock market?


In this section, we usually try to help investors determine whether Point Loma Resources is trading at an attractive price based on the cash flow it is expected to produce in the future. But as Point Loma Resources has not provided consistent financial data, and the stock also has no analyst forecast or coverage, its intrinsic value cannot be reliably calculated by extrapolating past data or using analyst consensus cash flow predictions.

This is quite a rare situation as 89% of companies covered by Simply Wall St do have a valuation analysis.


Next Steps

  • Take a look at our analysis of FMTN.F’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.
  • When valuing a company like this, investors focus more on how they perceive the potential returns from the core activities, the size of each contract's opportunity, and the capacity of the team. While we are not analysing this type of data at the moment, if you don’t know where to start, we recommend reading through Point Loma Resources regulatory filings and announcements here.
  • Explore potentially undervalued companies in the Energy industry.

Future Growth

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

14.3%

Forecasted Energy 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 Point Loma Resources 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

  • Take a look at our analysis of FMTN.F’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.
  • While we do not consider unaudited financials to be a reliable enough to include in our analysis, you can access them on the OTC Markets Website. If you are looking for more of a qualitative research into the company, you can access Point Loma Resources's filings and announcements here.
  • Explore growth companies in the Energy industry.

Past Performance

How has Point Loma Resources performed over the past 5 years?

-47.4%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

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

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

Unable to compare Point Loma Resources's 1-year growth to the US Oil and Gas industry average as it is not currently profitable.


Return on Equity

It is difficult to establish if Point Loma Resources has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) due to its liabilities exceeding its assets.


Return on Assets

It is difficult to establish if Point Loma Resources has efficiently used its assets last year compared to the US Oil and Gas industry average (Return on Assets) as it is loss-making.


Return on Capital Employed

It is difficult to establish if Point Loma Resources 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 Point Loma Resources's financial position?


Financial Position Analysis

Point Loma Resources's short term (1 year) commitments are greater than its holdings of cash and other short term assets.

Point Loma Resources's long term commitments exceed its cash and other short term assets.


Debt to Equity History and Analysis

Point Loma Resources has negative shareholder equity (liabilities exceed assets), this is a more serious situation compared with a high debt level.

Irrelevant to check if Point Loma Resources's debt level has increased considering it has negative shareholder equity.


Balance Sheet

High level of physical assets or inventory.

Point Loma Resources has negative shareholder equity (liabilities exceed assets) therefore debt is not covered by short term assets.


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.

Point Loma Resources has less than a year of cash runway based on current free cash flow.

Point Loma Resources has less than a year of cash runway if free cash flow continues to grow at historical rates of 30.5% each year.


Next Steps

Dividend

What is Point Loma Resources's current dividend yield, its reliability and sustainability?


Dividend Yield and Payments Analysis

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

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

Unable to perform a dividend volatility check as Point Loma Resources has not reported any payouts.

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


Current Payout to Shareholders

Unable to calculate sustainability of dividends as Point Loma Resources 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 Point Loma Resources's salary, the management and board of directors tenure and is there insider trading?

2.7yrs

Average management tenure


CEO

Terry Meek 0

3.2yrs

Tenure

CA$175,942

Compensation

Mr. Terence Stanley Meek, also known as Terry, P. Eng., has been Chief Executive Officer, President and Executive Director at Point Loma Resources Ltd. since June 28, 2016. Mr. Meek served as Chief Operati ...


CEO Compensation Analysis

Terry's remuneration is lower than average for companies of similar size in United States of America.

Terry's compensation has been consistent with company performance over the past year, both up more than 20%.


Management Age and Tenure

2.7yrs

Average Tenure

The tenure for the Point Loma Resources management team is about average.


Board Age and Tenure

3.2yrs

Average Tenure

The tenure for the Point Loma Resources board of directors is about average.


Insider Trading

No 3 month open market individual insider trading information.


Recent Insider Transactions

BuyCA$68,25526 Feb 19
Bruce Mitchell
EntityIndividual
Shares500,000
Max PriceCA$0.14
BuyCA$194,29020 Feb 19
Bruce Mitchell
EntityIndividual
Shares1,420,000
Max PriceCA$0.14
BuyCA$135,78019 Feb 19
Bruce Mitchell
EntityIndividual
Shares1,000,000
Max PriceCA$0.14
BuyCA$160,50725 Jan 19
Bruce Mitchell
EntityIndividual
Shares1,064,000
Max PriceCA$0.15
BuyCA$11,02220 Nov 18
Bruce Mitchell
EntityIndividual
Shares73,000
Max PriceCA$0.15
BuyCA$4,08213 Nov 18
Bruce Mitchell
EntityIndividual
Shares27,000
Max PriceCA$0.15
BuyCA$7,61702 Nov 18
Troy Wagner
EntityIndividual
Role
Chief Operating Officer
Vice President of Engineering & Operations
Shares50,000
Max PriceCA$0.15
BuyCA$19,12801 Nov 18
Kevin Angus
EntityIndividual
Shares86,200
Max PriceCA$0.22
BuyCA$15,97331 Oct 18
Bruce Mitchell
EntityIndividual
Shares100,000
Max PriceCA$0.16
BuyCA$11,07129 Oct 18
Travis Brookson
EntityIndividual
Role
Senior Key Executive
Vice President of Exploration
Shares49,893
Max PriceCA$0.22
BuyCA$38,78829 Oct 18
Steve Dabner
EntityIndividual
Role
Chairman of the Board
Chairman
Shares174,800
Max PriceCA$0.22
BuyCA$76,55529 Oct 18
Kevin Baker
EntityIndividual
Role
Member of the Board of Directors
Director
Shares345,000
Max PriceCA$0.22
BuyCA$19,12927 Oct 18
Terence Meek
EntityIndividual
Role
Chief Executive Officer
CEO, President & Executive Director
Shares86,207
Max PriceCA$0.22
BuyCA$443,79826 Oct 18
Bruce Mitchell
EntityIndividual
Shares2,000,000
Max PriceCA$0.22
BuyCA$19,12826 Oct 18
Gordon Cameron
EntityIndividual
Role
Secretary
Corporate Secretary
Shares86,200
Max PriceCA$0.22
BuyCA$11,53926 Oct 18
Bradley Johnston
EntityIndividual
Shares52,000
Max PriceCA$0.22

Ownership Breakdown


Management Team

  • Terry Meek

    CEO, President & Executive Director

    • Tenure: 3.2yrs
    • Compensation: CA$175.94k
  • Thomas Love (67yo)

    VP of Finance & CFO

    • Tenure: 0.9yrs
    • Compensation: CA$105.65k
  • Troy Wagner (49yo)

    Vice President of Engineering & Operations

    • Tenure: 0.0yrs
  • Gord Cameron

    Corporate Secretary

    • Tenure: 3.2yrs
  • Travis Brookson

    Vice President of Exploration

    • Tenure: 2.2yrs

Board Members

  • Doug Dafoe (64yo)

    Director

    • Tenure: 3.2yrs
    • Compensation: CA$5.30k
  • Terry Meek

    CEO, President & Executive Director

    • Tenure: 3.2yrs
    • Compensation: CA$175.94k
  • Don Brown

    Director

    • Tenure: 4.8yrs
    • Compensation: CA$5.31k
  • Steve Dabner

    Chairman

    • Tenure: 0.0yrs
    • Compensation: CA$4.26k
  • Kevin Baker (70yo)

    Director

    • Tenure: 2.3yrs
    • Compensation: CA$5.25k
  • Jianjun Cui

    Director

    • Tenure: 2.2yrs
    • Compensation: CA$5.25k

Company Information

Point Loma Resources Ltd.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Point Loma Resources Ltd.
  • Ticker: FMTN.F
  • Exchange: OTCPK
  • Founded:
  • Industry: Oil and Gas Exploration and Production
  • Sector: Energy
  • Market Cap: CA$7.890m
  • Listing Market Cap: CA$5.944m
  • Shares outstanding: 75.14m
  • Website: https://www.pointloma.ca

Number of Employees


Location

  • Point Loma Resources Ltd.
  • 2000, 350 – 7th Avenue SW
  • Calgary
  • Alberta
  • T2P 3N9
  • Canada

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
PLXTSXV (TSX Venture Exchange)YesCommon SharesCACADJun 2016
FMTN.FOTCPK (Pink Sheets LLC)YesCommon SharesUSUSDJun 2016
2LPDB (Deutsche Boerse AG)YesCommon SharesDEEURJun 2016

Biography

Point Loma Resources Ltd. engages in the acquisition, development, and production of petroleum and natural gas reserves in the province of Alberta, Canada. The company holds interests in approximately 160, ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/08/22 00:42
End of Day Share Price2019/08/06 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.