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Oceanic Iron Ore Corp (FEO) fair value: what the stock is really worth

As of Nov 10, 2026: fair value (intrinsic value) of Oceanic Iron Ore Corp stock C$0.48, price C$0.59, that is 19.1% below the price, quality 15 out of 100. Rating: overvalued. The value is an estimate: none of our valuation models currently carries, it draws on revenue and assets compared with similar companies. Updated daily.

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Basic Materials CA · ISIN CA67524Q1321

OI Oceanic Iron Ore Corp logo Thin data Nov 10, 2026

Oceanic Iron Ore Corp

FEO · V
Expensive, weak quality

Our calculation puts a fair price 19% below what the stock costs today.

Moderate debt
Fair value C$0.4774 · Overvalued
Quality 15/100
Negative free cash flow
Trails peers (2/9)
Narrow moat 3/100 · thin data
Thin data
⟳ CyclicalEstimate
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What runs behind every stock

69 individual criteria per stock, every one traceable See the method →

Price vs Fair Value

C$1.04 C$0.0500 Fair Value C$0.4774 Aug 2021 Nov 2026

White line = price, green steps = our fair value per fiscal year. As of Nov 10, 2026.

How to read this chart

60‑month range C$0.0500 – C$1.04 · fair‑value band C$0.3581 – C$0.5968 · the C$0.5900 price screens above the C$0.4774 fair value. As of Nov 10, 2026.

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Company profile

Oceanic Iron Ore Corp., an exploration stage company, engages in the acquisition and exploration of iron ore properties in Québec, Canada.

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It holds a 100% interest in the Ungava Bay iron property comprising three project areas, including Hopes Advance, Morgan Lake, and Roberts Lake with 861 claim cells covering an area of approximately 36,040 hectares of iron formation located in Nunavik, Quebec.

The company was formerly known as Pacific Harbour Capital Ltd. and changed its name to Oceanic Iron Ore Corp. in November 2010. Oceanic Iron Ore Corp. was incorporated in 1986 and is headquartered in Vancouver, Canada.

Stock analysis

Oceanic Iron Ore Corp (FEO) currently trades at C$0.5900, while our estimate is C$0.4774, 19% below the price, so the stock looks overvalued today.

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Valuation

None of our valuation models currently carries for this company, usually because of losses or heavy investment. The estimate draws on revenue and assets compared with similar companies and is less precise than a model-based fair value.

Scenario range: C$0.3581 (bear) to C$0.5968 (bull), the price of C$0.5900 sits inside it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.

Quality & growth

The Quality Score stands at 15/100 (below-average quality), in the Basic Materials sector.

Oceanic Iron Ore Corp reported revenue of C$0 in FY2025 versus C$0 in FY2021. Reported net income was −C$87.5M in FY2025.

Key figures

Market cap C$154M (≈ $109M) Micro · EPS (TTM) C$−0.6300 · Return on equity −163% · Return on assets (EBIT) −1.7% (5-year average) · EPS growth (YoY) +6.0% · Free cash flow −C$617K · Net debt C$38.5M.

Competitive moat

Our AI-assisted moat analysis scores the competitive advantage at 3 out of 100 (low confidence).

What moves the price

The share trades about 43% below its 52-week high and 4% above its 52-week low, currently below its 200-day average.

For context, the median of 10 Basic Materials peers we cover trades at −10% fair-value upside, at −19%, FEO screens richer than that median.

Fair Value

Bear C$0.3581 Fair Value C$0.4774 Bull C$0.5968
Price C$0.5900 · Downside -19.1%
Estimate. None of our valuation models currently carries for this company, usually because of losses or heavy investment. The estimate draws on revenue and assets compared with similar companies and is less precise than a model-based fair value.

Quality Score breakdown

Overall quality 15/100

It rates the business: profits, how they develop, real cash, balance sheet, investing and share count.

Profitability 0
How much profit the company makes from its sales and capital
Quality Growth 25
Are margins and returns getting better?
Cashflow 0
Do the profits arrive as real cash?
Financial strength 3
Debt, balance sheet and risk of trouble
Investment 97
Does it invest with discipline instead of growing at any price?
Low Volatility 0
How calm the share price moves, does not count
Price momentum 20
Price momentum of the last 3 to 12 months, does not count
Near the 52-week high 6
Distance to the 52-week high, does not count
New shares 0
Buys back shares or issues new ones?

Open the full quality analysis →

Revenue & earnings trend

What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: fiscal 2025 is a loss year, no rate is defined from a loss
not computed

FEO screens overvalued: fair value 19% below the price. Compare with BHP Group →

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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Other Industrial Metals & Mining · 577 stocks

Beats the industry median on 2/8 measures
Overall it trails its industry peers.
Valuation
Quality Score 15 · Bottom 25%
Fair Value upside −19.1% · Above median
Profitability
Return on assets −188.9% · Bottom 25%
Operating margin (12 months) 0.0% · Above median
Growth and dividend
Revenue growth (quarter YoY) 0.0% · Below median
Balance sheet
Debt / equity 0.61× · Highest 25%

Valuation Multiplesvs Other Industrial Metals & Mining median · lower = cheaper

P/B 19.71× · Priciest 25%
PEG 1.49× · Pricier than median

Strength profile in five axes (Snowflake)

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE (fair-value potential)8 · sector 4
FUTURE (revenue growth)0 · sector 45
PAST (return on equity)0 · sector 0
HEALTH (low debt)70 · sector 96
DIVIDEND (yield)0 · sector 33

Context: sector, industry, market

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

Similar stocks

10 more Other Industrial Metals & Mining stocks, each showing price versus our Fair Value estimate.

Stock Price Fair Value vs Fair Value Compare
Vedanta Limited VEDL ₹262.00 ₹334.17 +28% vs FEO
Saudi Arabian Mining Company 1211 57.00 SAR 64.24 SAR +13% vs FEO
Western Mining Co 601168 ¥28.25 ¥30.98 +10% vs FEO
Hindustan Zinc Limited HINDZINC ₹575.95 ₹624.91 +9% vs FEO
Boliden AB BOL kr 515.20 kr 464.45 −10% vs FEO
BHP Group BHP A$60.39 A$47.47 −21% vs FEO
Zhejiang Huayou Cobalt Co 603799 ¥32.69 ¥25.57 −22% vs FEO
Korea Zinc Company 010130 967,000 KRW 649,125 KRW −33% vs FEO
CMOC Group 603993 ¥13.71 ¥6.82 −50% vs FEO
China Tungsten And Hightech Materials Co 000657 ¥40.90 ¥4.44 −89% vs FEO

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Oceanic Iron Ore Corp: fair value per Fair Value Calculator

Cite: Fair Value Calculator (2026). "Oceanic Iron Ore Corp Fair Value". https://www.fairvalue-calculator.com/stock/FEO

Frequently asked questions

Is Oceanic Iron Ore Corp (FEO) overvalued or undervalued?
As of Nov 10, 2026, our estimate of fair value is C$0.4774 versus a price of C$0.5900, about 19% lower (overvalued).
What is the fair value of FEO?
Our estimate for Oceanic Iron Ore Corp is C$0.4774 (as of Nov 10, 2026), built from audited fundamentals. The current price: C$0.5900.
What is the quality score of FEO?
Oceanic Iron Ore Corp has a Quality Score of 15/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for Oceanic Iron Ore Corp (FEO)?
Our calculated price target is the estimate of C$0.4774 (as of Nov 10, 2026). Cautious scenario C$0.3581, optimistic scenario C$0.5968. It is an estimate from revenue and assets compared with similar companies, because none of our valuation models currently carries, not an analyst target.
What is the Oceanic Iron Ore Corp stock forecast for 2026?
Our estimate puts fair value at C$0.4774, about 19% lower versus a price of C$0.5900 (overvalued). Cautious scenario C$0.3581, optimistic scenario C$0.5968. The calculation is refreshed regularly with new filings.
What is the intrinsic value of Oceanic Iron Ore Corp (FEO)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Oceanic Iron Ore Corp it is C$0.4774 per share (as of Nov 10, 2026), against a price of C$0.5900.
Is Oceanic Iron Ore Corp stock overvalued or undervalued in 2026?
As of Nov 10, 2026, FEO trades above its calculated fair value: price C$0.5900, fair value C$0.4774, a gap of about −19% (overvalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of FEO?
No. The price is what the market pays today (C$0.5900); the fair value is what the company's own numbers justify (C$0.4774). For Oceanic Iron Ore Corp the two are C$0.1126 per share apart. That gap is exactly why we show both numbers side by side.
How much is Oceanic Iron Ore Corp worth?
The market values Oceanic Iron Ore Corp at about C$154M (market capitalisation, as of Nov 10, 2026). Per share that is C$0.5900; our models calculate a fair value of C$0.4774 per share.
What do the bullish and bearish scenarios say about FEO?
Our models span a range for Oceanic Iron Ore Corp: cautious scenario C$0.3581, base C$0.4774, optimistic C$0.5968 per share (as of Nov 10, 2026, price C$0.5900). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the PEG ratio of FEO?
The PEG ratio of Oceanic Iron Ore Corp is 1.49 (P/E divided by earnings growth, as of Nov 10, 2026). That is above 1, so the growth is already paid for in the price.
How solid is the balance sheet of Oceanic Iron Ore Corp (FEO)?
Balance-sheet figures for Oceanic Iron Ore Corp (as of Nov 10, 2026): return on equity −163.2%, debt of 0.61 per unit of equity. They feed the Quality Score of 15/100, which measures business quality independently of the share price.
How far is FEO from its 52-week high?
Oceanic Iron Ore Corp trades at C$0.5900, about 43% below its 52-week high of C$1.04 and 4% above the low of C$0.5700 (as of Nov 10, 2026). Distance from the high says nothing about value: that is what the fair value of C$0.4774 is for.
Which stocks are comparable to Oceanic Iron Ore Corp?
From the same area (Basic Materials) we also value BHP Group, Saudi Arabian Mining Company, CMOC Group, Hindustan Zinc Limited, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Oceanic Iron Ore Corp stock attractive at the current price?
The data as of Nov 10, 2026: price C$0.5900, calculated fair value C$0.4774 (−19%), Quality Score 15/100. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
Is it still worth investing in stocks now?
The global stock market currently sits 15.1% above its aggregate fair value. Oceanic Iron Ore Corp itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Oceanic Iron Ore Corp (FEO)?
The closing price on Nov 10, 2026 was C$0.5900. Our estimate is C$0.4774, about 19% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Oceanic Iron Ore Corp right now?
Weak quality (15/100) and above fair value at the same time, the margin of safety is missing on both counts. Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual.

Key figures of Oceanic Iron Ore Corp

How large is the market capitalisation of Oceanic Iron Ore Corp (FEO)?
The market capitalisation of Oceanic Iron Ore Corp is C$154M (≈ $109M). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What are the earnings per share of Oceanic Iron Ore Corp (FEO)?
Earnings per share at Oceanic Iron Ore Corp are C$−0.6300. Earnings per share over the last twelve months: total profit spread across every single share.
What is the return on equity of Oceanic Iron Ore Corp (FEO)?
The return on equity (ROE) of Oceanic Iron Ore Corp is −163% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Oceanic Iron Ore Corp (FEO)?
On an EBIT basis the return on assets of Oceanic Iron Ore Corp is −1.7% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
How fast are earnings growing at Oceanic Iron Ore Corp (FEO)?
Earnings per share at Oceanic Iron Ore Corp are growing +6.0% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Oceanic Iron Ore Corp (FEO) generate?
The free cash flow of Oceanic Iron Ore Corp is −C$617K (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does Oceanic Iron Ore Corp (FEO) carry?
The net debt of Oceanic Iron Ore Corp is C$38.5M (fiscal year 2025). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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