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Forsys Metals

TSX:FSY
Snowflake Description

Flawless balance sheet with weak fundamentals.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
FSY
TSX
CA$17M
Market Cap
  1. Home
  2. CA
  3. Energy
Company description

Forsys Metals Corp., an exploration stage company, acquires, explores, and develops uranium and gold mineral properties in Namibia, Africa. The last earnings update was 135 days ago. More info.


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FSY Share Price and Events
7 Day Returns
11.1%
TSX:FSY
15.2%
CA Oil and Gas
11.4%
CA Market
1 Year Returns
-50%
TSX:FSY
-41.5%
CA Oil and Gas
-22%
CA Market
FSY Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Forsys Metals (FSY) 11.1% 5.3% -28.6% -50% -23.1% -60%
CA Oil and Gas 15.2% -37.6% -42.4% -41.5% -49.8% -53.6%
CA Market 11.4% -22.2% -23.5% -22% -19.8% -13.3%
1 Year Return vs Industry and Market
  • FSY underperformed the Oil and Gas industry which returned -41.5% over the past year.
  • FSY underperformed the Market in Canada which returned -22% over the past year.
Price Volatility
FSY
Industry
5yr Volatility vs Market

Value

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

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
  • It is not possible to calculate the future cash flow value for Forsys Metals. This is due to cash flow or dividend data being unavailable. The share price is CA$0.1.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Forsys Metals's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Forsys Metals's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
TSX:FSY PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-09-30) in CAD CA$0.00
TSX:FSY Share Price ** TSX (2020-03-27) in CAD CA$0.1
Canada Oil and Gas Industry PE Ratio Median Figure of 55 Publicly-Listed Oil and Gas Companies 6.35x
Canada Market PE Ratio Median Figure of 499 Publicly-Listed Companies 10.74x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Forsys Metals.

TSX:FSY PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= TSX:FSY Share Price ÷ EPS (both in CAD)

= 0.1 ÷ 0.00

-42.83x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Forsys Metals is loss making, we can't compare its value to the CA Oil and Gas industry average.
  • Forsys Metals is loss making, we can't compare the value of its earnings to the Canada market.
Price based on expected Growth
Does Forsys Metals's expected growth come at a high price?
Raw Data
TSX:FSY PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -42.83x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
Canada Oil and Gas Industry PEG Ratio Median Figure of 29 Publicly-Listed Oil and Gas Companies -0.04x
Canada Market PEG Ratio Median Figure of 234 Publicly-Listed Companies 0.69x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Forsys Metals, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Forsys Metals's assets?
Raw Data
TSX:FSY PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-09-30) in CAD CA$0.09
TSX:FSY Share Price * TSX (2020-03-27) in CAD CA$0.1
Canada Oil and Gas Industry PB Ratio Median Figure of 198 Publicly-Listed Oil and Gas Companies 0.38x
Canada Market PB Ratio Median Figure of 2,352 Publicly-Listed Companies 1x
TSX:FSY PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= TSX:FSY Share Price ÷ Book Value per Share (both in CAD)

= 0.1 ÷ 0.09

1.09x

* Primary Listing of Forsys Metals.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Forsys Metals is overvalued based on assets compared to the CA Oil and Gas industry average.
X
Value checks
We assess Forsys Metals's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Oil and Gas industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Oil and Gas industry average (and greater than 0)? (1 check)
  5. Forsys Metals has a total score of 0/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

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

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 Forsys Metals 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 Simply Wall St do have past financial data. You can see them here.

Show me the analysis anyway

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
-3.9%
Expected Oil and Gas industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Forsys Metals expected to grow at an attractive rate?
  • Unable to compare Forsys Metals's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Forsys Metals's earnings growth to the Canada market average as no estimate data is available.
  • Unable to compare Forsys Metals's revenue growth to the Canada market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
TSX:FSY Future Growth Rates Data Sources
Data Point Source Value (per year)
Canada Oil and Gas Industry Earnings Growth Rate Market Cap Weighted Average -3.9%
Canada Oil and Gas Industry Revenue Growth Rate Market Cap Weighted Average 1%
Canada Market Earnings Growth Rate Market Cap Weighted Average 7.7%
Canada Market Revenue Growth Rate Market Cap Weighted Average 3.9%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
TSX:FSY Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (5 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in CAD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
TSX:FSY Past Financials Data
Date (Data in CAD Millions) Revenue Cash Flow Net Income *
2019-09-30 0 0
2019-06-30 0 0
2019-03-31 -1 -1
2018-12-31 -1 0
2018-09-30 0 -75
2018-06-30 -1 -75
2018-03-31 0 -75
2017-12-31 0 -75
2017-09-30 -1 -1
2017-06-30 -1 -1
2017-03-31 -1 -1
2016-12-31 -1 -1

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Forsys Metals is high growth as no earnings estimate data is available.
  • Unable to determine if Forsys Metals is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
TSX:FSY Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (5 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Forsys Metals Company Filings, last reported 5 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

TSX:FSY Past Financials Data
Date (Data in CAD Millions) EPS *
2019-09-30 0.00
2019-06-30 0.00
2019-03-31 0.00
2018-12-31 0.00
2018-09-30 -0.49
2018-06-30 -0.49
2018-03-31 -0.50
2017-12-31 -0.51
2017-09-30 -0.01
2017-06-30 -0.01
2017-03-31 -0.01
2016-12-31 -0.01

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Forsys Metals will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Examine Forsys Metals'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.
  2. Forsys Metals's future outlook can be gauged by looking at industry trends and market size, and determining how well-positioned the company is compared to its competitors. Take a look at other high-growth Energy companies here
  3. Forsys Metals's competitive advantages and company strategy can generally be found in its financial reports archived here.
  4. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Future performance checks
We assess Forsys Metals's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Canada market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Canada market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Forsys Metals has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Forsys Metals performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Forsys Metals's growth in the last year to its industry (Oil and Gas).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Forsys Metals does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
  • Unable to compare Forsys Metals's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Forsys Metals's 1-year growth to the CA Oil and Gas industry average as it is not currently profitable.
Earnings and Revenue History
Forsys Metals's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Forsys Metals Company Filings, last reported 5 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

TSX:FSY Past Revenue, Cash Flow and Net Income Data
Date (Data in CAD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-09-30 -0.37 0.31
2019-06-30 -0.41 0.35
2019-03-31 -0.58 0.44
2018-12-31 -0.37 0.45
2018-09-30 -74.55 0.57
2018-06-30 -74.61 0.64
2018-03-31 -74.60 0.63
2017-12-31 -74.88 0.68
2017-09-30 -1.31 0.61
2017-06-30 -1.35 0.62
2017-03-31 -1.40 0.71
2016-12-31 -1.50 0.82
2016-09-30 -0.91 1.12
2016-06-30 -0.98 1.16
2016-03-31 -1.07 1.22
2015-12-31 -1.19 1.30
2015-09-30 -2.13 1.39
2015-06-30 -2.36 1.63
2015-03-31 -2.35 1.62
2014-12-31 -2.39 1.66
2014-09-30 -3.19 1.51
2014-06-30 -3.00 1.34
2014-03-31 -3.12 1.46
2013-12-31 -3.16 1.50
2013-09-30 -1.80 2.12
2013-06-30 -1.97 2.29
2013-03-31 -2.47 2.40

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • It is difficult to establish if Forsys Metals has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if Forsys Metals has efficiently used its assets last year compared to the CA Oil and Gas industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if Forsys Metals improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess Forsys Metals's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Oil and Gas industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Forsys Metals has a total score of 0/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Forsys Metals's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Forsys Metals's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Forsys Metals is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Forsys Metals has no long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Forsys Metals's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Forsys Metals has no debt, it does not need to be covered by short term assets.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Forsys Metals Company Filings, last reported 5 months ago.

TSX:FSY Past Debt and Equity Data
Date (Data in CAD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-09-30 14.23 0.00 0.75
2019-06-30 14.99 0.00 0.41
2019-03-31 14.97 0.00 0.52
2018-12-31 15.44 0.00 0.65
2018-09-30 14.63 0.00 0.64
2018-06-30 13.45 0.00 0.20
2018-03-31 18.04 0.00 0.35
2017-12-31 15.56 0.00 0.28
2017-09-30 85.58 0.00 0.03
2017-06-30 88.92 0.00 0.12
2017-03-31 88.91 0.00 0.22
2016-12-31 88.50 0.00 0.42
2016-09-30 88.28 0.00 0.58
2016-06-30 84.61 0.00 0.18
2016-03-31 84.91 0.00 0.41
2015-12-31 85.75 0.00 0.88
2015-09-30 87.43 1.03 1.02
2015-06-30 90.26 0.31 0.11
2015-03-31 91.37 0.00 0.60
2014-12-31 90.07 0.00 1.74
2014-09-30 88.26 0.00 0.37
2014-06-30 89.20 0.00 1.14
2014-03-31 91.41 0.00 1.80
2013-12-31 90.28 0.00 2.56
2013-09-30 92.55 0.00 3.18
2013-06-30 94.64 0.00 4.04
2013-03-31 96.76 0.00 5.38
  • Forsys Metals has no debt.
  • Forsys Metals currently has no debt however we can't compare to 5 years ago as we have no data for that period.
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.

  • Forsys Metals has sufficient cash runway for 1.7 years based on current free cash flow.
  • Forsys Metals has sufficient cash runway for 1.5 years if free cash flow continues to reduce at historical rates of -36.1% each year.
X
Financial health checks
We assess Forsys Metals's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Forsys Metals has a total score of 6/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is Forsys Metals's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from Forsys Metals dividends.
If you bought CA$2,000 of Forsys Metals shares you are expected to receive CA$0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate Forsys Metals's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Forsys Metals's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
TSX:FSY Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
Canada Oil and Gas Industry Average Dividend Yield Market Cap Weighted Average of 37 Stocks 8%
Canada Market Average Dividend Yield Market Cap Weighted Average of 327 Stocks 4.7%
Canada Minimum Threshold Dividend Yield 10th Percentile 1.3%
Canada Bottom 25% Dividend Yield 25th Percentile 2.7%
Canada Top 25% Dividend Yield 75th Percentile 8.5%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as Forsys Metals has not reported any payouts.
  • Unable to verify if Forsys Metals's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Forsys Metals's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Forsys Metals 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.
X
Income/ dividend checks
We assess Forsys Metals's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.3%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Forsys Metals afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Forsys Metals has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

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

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Mark Frewin
COMPENSATION CA$250,432
TENURE AS CEO 1.3 years
CEO Bio

Mr. Mark R. Frewin has been a Director and Interim Chief Executive Officer of Forsys Metals Corp. since September 5, 2005 and November 15, 2018 respectively. He served as Vice President of Legal Affairs at Forsys Metals Corp. since June 2010 until March 2017. He is Director of Caledonian Consultancy Limited since June 2013. Mr. Frewin has been a Partner of McCarthy Tétrault since January 2006 to June 2013. He serves as an International Counsel for First Quantum Minerals a Canadian company listed in both London and Toronto and with its corporate headquarters in Vancouver. He was a Partner of the Wall Street law firm Milbank Tweed. His legal practice focused on energy and mining and participated in numerous international financings including several for companies which do business in Africa. He served as the Head of Legal Affairs of Forsys Metals Corp. since June 2007 until June 2010. He has specialized in mining and metals practices and financing for numerous international projects including the Mantos Blancos copper mine in Chile, Lisheen zInc. mine in Ireland, Kasese cobalt mine in Uganda, Bulyanhulu gold and copper mine in Tanzania, the Kansanshi copper mine in Zambia, a rutile project in Sierra Leone and a nickel project in Turkey. He served as the Chairman of the Board of Westbridge Energy Corporation from August 17, 2012 to November 2015. He has been an Independent Director at UNX Energy Corp., (Formerly Universal Power Corp.) since February 9, 2010. He served as a Director of IC Potash Corp., from September 27, 2011 to May 31, 2012. He served as a Member of Advisory Board at Westbridge Energy Corporation since April 2012. Mr. Frewin served as a Director of Giyani Gold Corp from June 1, 2012 to February 2016. He is the author of various articles on aspects of project financing and received an acknowledgement in J.G. Collier's 'International Law and Practice - the Conflicts of Law'. He is included in Euromoney's 'Guide to the World's Leading Project Finance Lawyers'. He was recipient of the Dr. Cooper Award in his college final year. He has a Law Degree at Trinity Hall Cambridge in 1984. Mr. Frewin has BA from Cambridge University (Trinity Hall) and is admitted as a solicitor in England and Wales.

CEO Compensation
  • Mark's compensation has increased whilst company is loss making.
  • Mark's remuneration is about average for companies of similar size in Canada.
Management Team Tenure

Average tenure of the Forsys Metals management team in years:

1.3
Average Tenure
  • The average tenure for the Forsys Metals management team is less than 2 years, this suggests a new team.
Management Team

Mark Frewin

TITLE
Interim CEO & Director
COMPENSATION
CA$250K
TENURE
1.3 yrs

Miles Nagamatsu

TITLE
Chief Financial Officer
COMPENSATION
CA$59K
AGE
63
TENURE
1.3 yrs

Jorge Estepa

TITLE
Corporate Secretary & Director
COMPENSATION
CA$48K
TENURE
15.9 yrs
Board of Directors Tenure

Average tenure and age of the Forsys Metals board of directors in years:

12.4
Average Tenure
61
Average Age
  • The average tenure for the Forsys Metals board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Board of Directors

Martin Rowley

TITLE
Independent Chairman of the Board
COMPENSATION
CA$32K
AGE
64
TENURE
12.4 yrs

Mark Frewin

TITLE
Interim CEO & Director
COMPENSATION
CA$250K
TENURE
14.5 yrs

Jorge Estepa

TITLE
Corporate Secretary & Director
COMPENSATION
CA$48K
TENURE
5 yrs

Paul Matysek

TITLE
Independent Director
COMPENSATION
CA$32K
AGE
61
TENURE
12.4 yrs

Elia Shikongo

TITLE
Director
AGE
50
TENURE
0.8 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (CA$) Value (CA$)
X
Management checks
We assess Forsys Metals's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Forsys Metals has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Does Forsys Metals Corp. (TSE:FSY) Have A High Beta?

Modern finance theory considers volatility to be a measure of risk, and there are two main types of price volatility. … Some investors use beta as a measure of how much a certain stock is impacted by market risk (volatility). … A stock with a beta below one is either less volatile than the market, or more volatile but not corellated with the overall market.

Simply Wall St -

Forsys Metals Corp (TSE:FSY): Risks You Need To Consider Before Buying

The other type of risk, which cannot be diversified away, is market risk. … Every stock in the market is exposed to this risk, which arises from macroeconomic factors such as economic growth and geo-political tussles just to name a few. … Different characteristics of a stock expose it to various levels of market risk.

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Company Info

Description

Forsys Metals Corp., an exploration stage company, acquires, explores, and develops uranium and gold mineral properties in Namibia, Africa. Its flagship project is Norasa, which comprises the Valencia project covering an area of 735.6 hectares located in the north-east of the town of Swakopmund in central-west Namibia; and the Namibplaas project located in the north east of Valencia. The company was formerly known as Forsys Technologies Inc. and changed its name to Forsys Metals Corp. in June 2005. Forsys Metals Corp. was incorporated in 1985 and is headquartered in Toronto, Canada.

Details
Name: Forsys Metals Corp.
FSY
Exchange: TSX
Founded: 1985
CA$16,689,946
166,899,467
Website: http://www.forsysmetals.com
Address: Forsys Metals Corp.
Toronto Bank Tower,
Suite 5300,
Toronto,
Ontario, M5K 1E6,
Canada
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
TSX FSY Class A Common Shares The Toronto Stock Exchange CA CAD 02. Oct 2000
OTCPK FOSY.F Class A Common Shares Pink Sheets LLC US USD 02. Oct 2000
DB F2T Class A Common Shares Deutsche Boerse AG DE EUR 02. Oct 2000
NMSE FSY Class A Common Shares Namibian Stock Exchange NA ZAR 02. Oct 2000
Number of employees
Current staff
Staff numbers
4
Forsys Metals employees.
Industry
Coal and Consumable Fuels
Energy
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/03/28 01:49
End of day share price update: 2020/03/27 00:00
Last earnings filing: 2019/11/14
Last earnings reported: 2019/09/30
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.