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Fancamp Exploration (TSXV:FNC) Owner Earnings per Share (TTM) : 0.01 (As of Jul. 2024)


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What is Fancamp Exploration Owner Earnings per Share (TTM)?

In 1986 Berkshire Hathaway Shareholder Letter, Warren Buffett defined owner earnings as follows:

"These represent (a) reported earnings plus (b) depreciation, depletion, amortization, and certain other non-cash charges...less (c) the average annual amount of capitalized expenditures for plant and equipment, etc. that the business requires to fully maintain its long-term competitive position and its unit volume (If the business requires additional working capital to maintain its competitive position and unit volume, the increment also should be included in (c))...Our owner-earnings equation does not yield the deceptively precise figures provided by GAAP, since (c) must be a guess - and one sometimes very difficult to make. Despite this problem, we consider the owner earnings figure, not the GAAP figure, to be the relevant item for valuation purposes - both for investors in buying stocks and for managers in buying entire businesses...All of this points up the absurdity of the 'cash flow' numbers that are often set forth in Wall Street reports. These numbers routinely include (a) plus (b) - but do not subtract (c)."

Fancamp Exploration's Owner Earnings per Share (TTM) ended in Jul. 2024 was C$0.01. It's Price-to-Owner-Earnings ratio for today is 7.5.


The historical rank and industry rank for Fancamp Exploration's Owner Earnings per Share (TTM) or its related term are showing as below:

TSXV:FNC' s Price-to-Owner-Earnings Range Over the Past 10 Years
Min: 8.75   Med: 22.5   Max: 37.5
Current: 15


During the past 13 years, the highest Price-to-Owner-Earnings ratio of Fancamp Exploration was 37.50. The lowest was 8.75. And the median was 22.50.


TSXV:FNC's Price-to-Owner-Earnings is ranked worse than
51.44% of 348 companies
in the Metals & Mining industry
Industry Median: 14.575 vs TSXV:FNC: 15.00

Fancamp Exploration's Earnings per Share (Diluted) for the three months ended in Jul. 2024 was C$0.00. Its Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Jul. 2024 was C$0.02. It's PE Ratio (TTM) ratio for today is 5.00.

Fancamp Exploration's EPS without NRI for the three months ended in Jul. 2024 was C$0.00. Its EPS without NRI for the trailing twelve months (TTM) ended in Jul. 2024 was C$0.00. It's PE Ratio without NRI ratio for today is 75.00.


Fancamp Exploration Owner Earnings per Share (TTM) Historical Data

The historical data trend for Fancamp Exploration's Owner Earnings per Share (TTM) can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Fancamp Exploration Owner Earnings per Share (TTM) Chart

Fancamp Exploration Annual Data
Trend Apr15 Apr16 Apr17 Apr18 Apr19 Apr20 Apr21 Apr22 Apr23 Apr24
Owner Earnings per Share (TTM)
Get a 7-Day Free Trial Premium Member Only Premium Member Only -0.03 0.09 -0.03 0.02 -0.01

Fancamp Exploration Quarterly Data
Jul19 Oct19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Apr24 Jul24
Owner Earnings per Share (TTM) Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.02 0.05 - -0.01 0.01

Competitive Comparison of Fancamp Exploration's Owner Earnings per Share (TTM)

For the Other Industrial Metals & Mining subindustry, Fancamp Exploration's Price-to-Owner-Earnings, along with its competitors' market caps and Price-to-Owner-Earnings data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Fancamp Exploration's Price-to-Owner-Earnings Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Fancamp Exploration's Price-to-Owner-Earnings distribution charts can be found below:

* The bar in red indicates where Fancamp Exploration's Price-to-Owner-Earnings falls into.



Fancamp Exploration Owner Earnings per Share (TTM) Calculation

In 1986 Berkshire Hathaway Shareholder Letter, Warren Buffett defined owner earnings as follows:

"These represent (a) reported earnings plus (b) depreciation, depletion, amortization, and certain other non-cash charges...less (c) the average annual amount of capitalized expenditures for plant and equipment, etc. that the business requires to fully maintain its long-term competitive position and its unit volume. (If the business requires additional working capital to maintain its competitive position and unit volume, the increment also should be included in (c))...Our owner-earnings equation does not yield the deceptively precise figures provided by GAAP, since (c) must be a guess - and one sometimes very difficult to make. Despite this problem, we consider the owner earnings figure, not the GAAP figure, to be the relevant item for valuation purposes - both for investors in buying stocks and for managers in buying entire businesses...All of this points up the absurdity of the 'cash flow' numbers that are often set forth in Wall Street reports. These numbers routinely include (a) plus (b) - but do not subtract (c)."

To make it simple, then you will have:

Owner Earnings per Share (TTM) = (Net Income + Depreciation, Depletion and Amortization + Change In Deferred Tax - 5Y Average of Maintenance Capital Expenditure + Change In Working Capital) / Shares Outstanding (Diluted Average)

Fancamp Exploration's Owner Earnings per Share (TTM) Calculation:

TTM / Last Quarter Average of Last 20 Quarters
Net Income 2.95
Depreciation, Depletion and Amortization 0.00
Change In Deferred Tax 0.00
5Y Average of Maintenance Capital Expenditure 1.00
Change In Working Capital -0.69
Shares Outstanding (Diluted Average) 240.93

1. Start with "Net Income" from income statement. Fancamp Exploration's Net Income for the trailing twelve months (TTM) ended in Jul. 2024 was C$2.95 Mil.

2. "Depreciation, Depletion and Amortization" is from cashflow statement. Fancamp Exploration's Depreciation, Depletion and Amortization for the trailing twelve months (TTM) ended in Jul. 2024 was C$0.00 Mil. This needs to be added back because company does not actually need to pay cash for it. It is a non-cash item.

3. Other non-cash charges usually include "Stock Based Compensation" and "Change In Deferred Tax":
However, to be conservative, GuruFocus will not add Stock Based Compensation back to net income. Fancamp Exploration's Change In Deferred Tax for the trailing twelve months (TTM) ended in Jul. 2024 was C$0.00 Mil.

4. Average maintenance capital expenditure over a business/industry cycle: 5-Year Average Maintenance Capital Expenditure = C$1.00 Mil

It is usually best to take a long-term average of maintenance capital expenditure. Ideally this would be as long as 10 years and include at least one economic downturn. However, since many companies do not have as long as 10-year history, here GuruFocus uses the latest 5 years data to do the calculation. To smooth out unusual years but reflect recent developments, we take an average of the 5 year maintenance capital expenditure.

The following shows how to get maintenance capital expenditure.

First, calculate the revenue change regarding to the previous quarter. If the revenue decreased from the previous quarter, then the Maintenance Capital Expenditure = Capital Expenditure (positive).
Second, if the revenue increased from the previous quarter, then calculate the percentage of Net PPE as of corresponding Revenue.
Growth Capital Expenditure = Percentage of Property, Plant and Equipment as of corresponding Revenue * Revenue Increase
Third, calculate Capital Expenditure (positive) - Growth Capital Expenditure.
If [Capital Expenditure (positive) - Growth Capital Expenditure] was negative, then the Maintenance Capital Expenditure = Capital Expenditure (positive).
If [Capital Expenditure (positive) - Growth Capital Expenditure] was positive, then the Maintenance Capital Expenditure = Capital Expenditure (positive) - Growth Capital Expenditure.
Fourth, get the average of the 5 years maintenance capital expenditure.

Fancamp Exploration's 5-Year Average Maintenance Capital Expenditure = C$1.00 Mil

5. "Change In Working Capital" is from cashflow statement. Fancamp Exploration's Change In Working Capital for the trailing twelve months (TTM) ended in Jul. 2024 was C$-0.69 Mil.
Note: GuruFocus' Change in Working Capital is provided by Morningstar. It is calculated by adding the items under "Change in operating assets and liabilities" (may refer to a different name for different company) section in Cash Flow Statement from original financial report. And sometimes it includes non-current parts of assets and liabilities.

6. Fancamp Exploration's Shares Outstanding (Diluted Average) for the months ended in Jul. 2024 was 240.934 Mil.

Fancamp Exploration's Onwer Earnings Per Share for Jul. 2024 is calculated as:

Owner Earnings per Share (TTM)
=( Net Income+Depreciation, Depletion and Amortization+Change In Deferred Tax
=( 2.949 +0+0
-5Y Avg of Maintenance CAPEX+Change In Working Capital )/Shares Outstanding (Diluted Average)
-1.0002105263158+-0.694)/240.934
=0.01

Price-to-Owner-Earnings=Current Price/Owner Earnings per Share (TTM)
=0.075/0.01
=7.5

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Be Aware

Assumption: Companies usually do not report maintenance capital expenditures and growth capital expenditures separately. Here we use estimated numbers and average them over 5 years. The method to estimate maintenance capital expenditures can be found in above part 4.

Note: GuruFocus' Change In Working Capital is provided by Morningstar. It is calculated by adding the items under "Change in operating assets and liabilities" (may refer to a different name for different company) section in Cash Flow Statement from original financial report. And it includes non-current parts of assets and liabilities.


Fancamp Exploration Owner Earnings per Share (TTM) Related Terms

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Fancamp Exploration Business Description

Traded in Other Exchanges
Address
7290 Gray Avenue, Burnaby, BC, CAN, V5J 3Z2
Fancamp Exploration Ltd is a mineral exploration corporation dedicated to its value-added approach of advancing mineral properties through exploration and development. The company owns numerous mineral resource properties in Quebec, Ontario and New Brunswick, including gold, rare earth metals, strategic and base metals, zinc, chromium, titanium and others.
Executives
Leonard Francis Macdonald Director
Francois Auclair Senior Officer
James Robert Hunter 10% Security Holder
Ashwath Mehra Director
Champion Iron Mines Limited (formerly Champion Minerals Inc.) 10% Security Holder
Paul Russell Ankcorn Director

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