OTCPK:NRIS

Stock Analysis Report

Executive Summary

Norris Industries, Inc. acquires, explores for, and develops crude oil and natural gas properties in Texas.

Snowflake

Fundamentals

Weak fundamentals or lack of information.

Share Price & News

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


Latest Share Price and Events


Market Performance


7 Day Return

30.9%

NRIS

1.7%

US Oil and Gas

1.0%

US Market


1 Year Return

-61.7%

NRIS

-21.2%

US Oil and Gas

6.7%

US Market

Return vs Industry: NRIS underperformed the US Oil and Gas industry which returned -21.2% over the past year.

Return vs Market: NRIS underperformed the US Market which returned 6.7% over the past year.


Share holder returns

NRISIndustryMarket
7 Day30.9%1.7%1.0%
30 Day30.9%-3.7%-1.8%
90 Day-55.3%-8.3%-1.8%
1 Year-61.7%-61.7%-18.3%-21.2%9.1%6.7%
3 Year-95.7%-95.7%-5.7%-14.1%46.1%36.6%
5 Yearn/a-21.8%-32.6%66.9%48.6%

Price Volatility Vs. Market

How volatile is Norris Industries's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is Norris Industries undervalued based on future cash flows and its price relative to the stock market?

60.48x

Price to Book (PB) ratio


Intrinsic Value Based on Future Cash Flows

Undervalued: Insufficient data to calculate NRIS's fair value to establish if it is undervalued.

Significantly Undervalued: Insufficient data to calculate NRIS's fair value to establish if it is undervalued.


Price Based on Earnings

PE vs Industry: NRIS is unprofitable, so we can't compare its PE Ratio to the Oil and Gas industry average.

PE vs Market: NRIS is unprofitable, so we can't compare its PE Ratio to the US market.


Price Based on Expected Growth

Low PEG Ratio: Insufficient data to calculate NRIS's PEG Ratio to determine if it is good value.


Price Based on Value of Assets

PB vs Industry: NRIS is overvalued based on its PB Ratio (60.5x) compared to the US Oil and Gas industry average (0.9x).


Next Steps

Future Growth

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

14.7%

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 Norris Industries 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 NRIS’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 Norris Industries's filings and announcements here.
  • Explore growth companies in the Energy industry.

Past Performance

How has Norris Industries performed over the past 5 years?

-27.4%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: NRIS is unprofitable, and losses have increased over the past 5 years at a rate of -27.4% per year.

Accelerating Growth: Unable to compare NRIS's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: NRIS is unprofitable, making it difficult to compare its past year earnings growth to the Oil and Gas industry (22.6%).


Return on Equity

High ROE: NRIS has a negative Return on Equity (-1413.17%), as it is currently unprofitable.


Return on Assets

ROA vs Industry: NRIS is currently unprofitable, so its Return on Assets is negative.


Return on Capital Employed

ROCE Improving: NRIS is currently unprofitable, so its Return on Capital Employed is negative.


Next Steps

Financial Health

How is Norris Industries's financial position?


Financial Position Analysis

Short Term Liabilities: NRIS's short term assets ($154.0K) do not cover its short term liabilities ($207.4K)

Long Term Liabilities: NRIS's short term assets (154.0K) do not cover its long term liabilities (2.5M)


Debt to Equity History and Analysis

Debt Level: NRIS's debt to equity ratio (2984.3%) is considered high

Reducing Debt: Insufficient data to determine if NRIS's debt to equity ratio has reduced over the past 5 years.


Balance Sheet

Inventory Level: NRIS has a high level of physical assets or inventory.

Debt Coverage by Assets: NRIS's debt is not covered by short term assets (assets are 0.1x 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: NRIS has less than a year of cash runway based on its current free cash flow.

Forecast Cash Runway: NRIS has less than a year of cash runway if free cash flow continues to reduce at historical rates of -0.2% each year


Next Steps

Dividend

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


Dividend Yield vs Market

companyn/amarketbottom25%1.5%markettop25%3.8%industryaverage3.9%forecastin3Yearsn/a

Current dividend yield vs market & industry


Dividend Yield and Payments Analysis

Notable Dividend: Unable to evaluate NRIS's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.

High Dividend: Unable to evaluate NRIS's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.

Stable Dividend: Insufficient data to determine if NRIS's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if NRIS'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 NRIS's dividend in 3 years as they are not forecast to pay a notable one for the US market.


Next Steps

Management

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


CEO

Patrick Norris (61yo)

2.2yrs

Tenure

0

Mr. Patrick Norris has been Chairman, Chief Executive Officer, President, Chief Financial Officer, Treasurer and Secretary at International Western Petroleum, Inc. since August 2, 2017 and serves as its Ch ...


Insider Trading

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown


Management Team

  • Ross Ramsey (31yo)

    President of the Oil & Gas Division and Director

    • Tenure: 5.7yrs
    • Compensation: US$66.48k
  • Syed Ahmad (79yo)

    Chief Geologist

    • Tenure: 5.7yrs
  • Brian O’Connell

    Operations Manager

    • Tenure: 0yrs
  • Patrick Norris (61yo)

    Chairman

    • Tenure: 2.2yrs

Board Members

  • Ross Ramsey (31yo)

    President of the Oil & Gas Division and Director

    • Tenure: 5.7yrs
    • Compensation: US$66.48k
  • Patrick Norris (61yo)

    Chairman

    • Tenure: 2.2yrs

Company Information

Norris Industries, Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Norris Industries, Inc.
  • Ticker: NRIS
  • Exchange: OTCPK
  • Founded: 2014
  • Industry: Oil and Gas Exploration and Production
  • Sector: Energy
  • Market Cap: US$4.799m
  • Shares outstanding: 89.44m
  • Website: https://www.iwpetroleum.com

Number of Employees


Location

  • Norris Industries, Inc.
  • 102 Palo Pinto Street
  • Suite B
  • Weatherford
  • Texas
  • 76086
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
NRISOTCPK (Pink Sheets LLC)YesCommon StockUSUSDApr 2016

Biography

Norris Industries, Inc. acquires, explores for, and develops crude oil and natural gas properties in Texas. Its principal properties are located in the Ellenberger formation in Coleman County, as well as t ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/13 02:12
End of Day Share Price2019/10/11 00:00
Earnings2019/08/31
Annual Earnings2019/02/28


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.

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