OTCPK:FNEC

Stock Analysis Report

NOT FOR DISTRIBUTION
Header cover image

Executive Summary

First National Energy Corporation focuses on providing wind-driven solutions for power generation.


Snowflake Analysis

Mediocre balance sheet with weak fundamentals.

Share Price & News

How has First National Energy's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: FNEC's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

0%

FNEC

3.4%

US Renewable Energy

3.8%

US Market


1 Year Return

-37.5%

FNEC

-0.8%

US Renewable Energy

9.7%

US Market

Return vs Industry: FNEC underperformed the US Renewable Energy industry which returned -0.8% over the past year.

Return vs Market: FNEC underperformed the US Market which returned 9.7% over the past year.


Shareholder returns

FNECIndustryMarket
7 Day0%3.4%3.8%
30 Day0%13.7%11.4%
90 Dayn/a-6.6%6.8%
1 Year-37.5%-37.5%2.3%-0.8%12.1%9.7%
3 Year-53.3%-53.3%38.6%24.8%36.2%27.2%
5 Year1066.7%1066.7%12.2%-13.5%63.7%45.4%

Price Volatility Vs. Market

How volatile is First National Energy's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is First National Energy undervalued compared to its fair value and its price relative to the market?


In this section, we usually try to help investors determine whether First National Energy is trading at an attractive price based on the cash flow it is expected to produce in the future. But as First National Energy 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 FNEC’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 size of the opportunity, the company's ability to deliver and scale, and the strength 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 First National Energy regulatory filings here.
  • Explore potentially undervalued companies in the Utilities industry.

Future Growth

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

19.4%

Forecasted Utilities 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 First National Energy 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 FNEC’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 First National Energy's filings and announcements here.
  • Explore growth companies in the Utilities industry.

Past Performance

How has First National Energy performed over the past 5 years?

15.4%

Historical Utilities annual earnings growth


In this section we usually display a company’s past earnings and revenues to help investors visualise the trend through time. We also gauge the company’s performance by benchmarking its returns and growth to its industry peers and the wider market. However, First National Energy has not provided sufficient past data to assess its track record.

This is quite a rare situation as 97% of companies covered by Simply Wall St do have historical data.


Next Steps

Financial Health

How is First National Energy's financial position?


In this section we usually analyse First National Energy's finance health to determine how well-positioned it is against times of financial distress, in particular, its ability to manage its cash and debt levels. First National Energy has not provided adequate balance sheet data, its financial health cannot be properly assessed as it.

This is quite a rare situation as 97% of companies covered by Simply Wall St do have financial information.


Next Steps

  • Take a look at our analysis of FNEC’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.
  • Investors tend to look at the financial health of a company this size in order to assess the sustainability of its current operations. 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.
  • Financial health is measured at one point in time, so the latest financial report is the best representation of the company’s current financial status. Check when First National Energy's financial data was last updated here.
  • Explore more healthy companies in the Utilities industry.

Dividend

What is First National Energy's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

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

High Dividend: Unable to evaluate FNEC'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 FNEC's dividends per share have been stable in the past.

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


Next Steps

Management

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

13.6yrs

Average management tenure


CEO

Gregory Sheller (61yo)

9.75yrs

Tenure

Mr. Gregory Dale Sheller serves as Chairman, Chief Executive Officer and President of Pavana Power Corp. Mr. Sheller has been the Chairman, Chief Executive Officer and President of First National Energy Co ...


Leadership Team

NamePositionTenureCompensationOwnership
Gregory Sheller
Chairman of the Board9.75yrsno datano data
Peter Wanner
Director16.08yrsno datano data
Gianni Caputo
Director11.08yrsno datano data
Alvin Snaper
Chairman of Advisory Board and Head of Propless Wind Power Generatorno datano datano data

13.6yrs

Average Tenure

63.5yo

Average Age

Experienced Management: FNEC's management team is seasoned and experienced (13.6 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Gregory Sheller
Chairman of the Board9.75yrsno datano data
Peter Wanner
Director16.08yrsno datano data
Gianni Caputo
Director11.08yrsno datano data
Alvin Snaper
Chairman of Advisory Board and Head of Propless Wind Power Generatorno datano datano data

11.1yrs

Average Tenure

63.5yo

Average Age

Experienced Board: FNEC's board of directors are seasoned and experienced ( 11.1 years average tenure).


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.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

First National Energy Corporation's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: First National Energy Corporation
  • Ticker: FNEC
  • Exchange: OTCPK
  • Founded: 2000
  • Industry: Renewable Electricity
  • Sector: Utilities
  • Market Cap: US$35.077m
  • Shares outstanding: 100.22m
  • Website: https://www.firstnationalenergy.com

Location

  • First National Energy Corporation
  • 44 Greystone Crescent
  • Georgetown
  • Ontario
  • L7G 1G9
  • Canada

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
FNECOTCPK (Pink Sheets LLC)YesCommon SharesUSUSDMar 2003

Biography

First National Energy Corporation focuses on providing wind-driven solutions for power generation. It intends to build, install, and operate its proprietary supplemental wind generation devices. The company was formerly known as First National Power Corp. and changed its name to First National Energy Corporation in February 2009. First National Energy Corporation was founded in 2000 and is based in Georgetown, Canada. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/06/06 04:24
End of Day Share Price2020/06/01 00:00
Earnings2018/09/30
Annual Earnings2017/12/31


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.