FEC Resources (FECOF) AI Stock Analysis

• Market Cap: $1.19M
• Dividend Yield: N/A
• Average Volume (3M): N/A
• Price to Earnings (P/E): ―
• Beta (1Y): 0.42
• Revenue Growth: N/A
• EPS Growth: -33.33%
• Country: US
• Employees: N/A
• Sector: Energy
• Sector Strength: 52
• Industry: Oil & Gas Exploration & Production
• EPS (TTM): 0.00
• Shares Outstanding: 992,646,100
• 10 Day Avg. Volume: N/A
• 30 Day Avg. Volume: N/A
• PEG Ratio: -0.12
• Price to Book (P/B): 0.19
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -9.33
• Enterprise Value/Market Cap: 1.02
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: -6.34
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 45 Neutral
• Price Target: $0.01 ▲(775.00% Upside)
• Action: Upgraded Date: 12/30/25
• Date: Action: Upgraded 12/30/25

The score is primarily constrained by weak financial performance (no revenue, persistent losses, and continued cash burn), only partially offset by a meaningful equity base. Technical and valuation inputs are unavailable, so they do not provide positive or negative support beyond neutral assumptions.

Positive Factors

Strong Equity Position

A strong equity position indicates financial resilience, providing a buffer against liabilities and potential downturns, enhancing long-term stability.

Industry Focus

Focusing on the energy sector, particularly oil and gas, positions FEC Resources to capitalize on long-term demand for fossil fuels, supporting potential growth.

Partnership Strategy

Strategic partnerships can enhance resource access and risk-sharing, potentially leading to successful project outcomes and improved financial returns.

Negative Factors

Zero Revenue Generation

The inability to generate revenue highlights significant operational challenges, impacting the company's ability to sustain and grow its business.

Rising Liabilities

Increasing liabilities can strain financial resources, reducing flexibility and increasing risk, potentially impacting long-term financial health.

Negative Cash Flow

Negative cash flow from operations suggests unsustainable cash generation, potentially leading to liquidity issues and limiting growth opportunities.

FEC Resources Business Overview & Revenue Model

Company Description

FEC Resources Inc. engages in the exploration and development of oil and gas properties in the Philippines. The company, through its 6.8% interest in Forum Energy Limited, primarily owns a 70% interest in the GSEC101 offshore license covering an area of approximately 10,360 square kilometers located to the north west of the Philippine Island of Palawan. FEC Resources Inc. was incorporated in 1982 and is headquartered in Vancouver, Canada.

How the Company Makes Money

FEC Resources generates revenue primarily through its investments and holdings in oil and gas exploration projects. The company earns income from its equity interests in exploration ventures, which can include royalties, dividends, and capital gains from successful projects. FEC Resources may partner with other energy companies or investors to fund and develop its exploration activities, sharing both the risks and potential financial returns. Additionally, the company's earnings are influenced by oil and gas market prices, exploration success rates, and effective management of its asset portfolio.

FEC Resources Financial Statement Overview

Summary

Financials are very weak: no reported revenue across periods, recurring net losses (TTM net loss about -$316.1K), and ongoing cash burn (TTM operating cash flow about -$283.5K; negative free cash flow). The main offset is a relatively solid equity cushion (TTM equity about $6.0M on assets about $6.1M) and modest leverage indicators, but profitability and self-funding capacity remain absent.

Income Statement

Across annual periods (2020–2024) and TTM (Trailing-Twelve-Months), the company reports no revenue and persistent operating losses (TTM EBIT -$256.7K; TTM net loss -$316.1K). Losses have not meaningfully improved versus prior years (2024 net loss -$244.4K; 2023 -$192.0K), and margins are effectively non-existent due to zero revenue. The primary strength is that losses remain in the hundreds of thousands (not accelerating to multi-million levels), but the lack of a revenue base and continued negative earnings keep the income statement very weak.

Balance Sheet

The balance sheet shows a meaningful equity cushion (TTM equity ~$6.0M on assets ~$6.1M), which helps financial resilience despite ongoing losses. Leverage appears modest in 2024 (debt-to-equity ~0.12) and higher in 2023 (~0.38), but TTM total debt is shown as negative (-$146.6K), which likely reflects net cash/working-capital presentation and makes leverage signals harder to interpret. Returns on equity are consistently negative (TTM about -4.9%), highlighting that capital is not currently generating profits, but overall capitalization looks stronger than the income statement and cash flow profile.

Cash Flow

Cash generation is consistently negative: operating cash flow and free cash flow are below zero in every period provided (TTM operating cash flow -$283.5K; 2024 -$156.9K). While TTM free cash flow growth is positive versus the prior period, the absolute level remains a cash burn, implying reliance on financing or balance sheet resources to sustain operations. A relative positive is that free cash flow broadly tracks net income in magnitude, but the core issue is that both remain negative with no evident path to self-funding from operations.

Breakdown	TTM	Jun 2025	Mar 2024	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	0.00	0.00	0.00	0.00	0.00	0.00
Gross Profit	0.00	0.00	0.00	0.00	0.00	-205.00
EBITDA	-190.97K	-21.43K	-25.37K	-178.00K	-159.84K	-182.51K
Net Income	-316.12K	-244.44K	-192.00K	-193.00K	-168.00K	-187.05K
Balance Sheet
Total Assets	6.05M	8.58M	2.48M	2.28M	2.18M	2.38M
Cash, Cash Equivalents and Short-Term Investments	21.01K	5.76K	7.41K	13.07K	114.00K	181.24K
Total Debt	-146.60K	895.64K	678.15K	289.26K	0.00	0.00
Total Liabilities	29.34K	937.24K	695.20K	304.62K	13.32K	42.73K
Stockholders Equity	6.02M	7.65M	1.78M	1.98M	2.17M	2.34M
Cash Flow
Free Cash Flow	-283.48K	-156.94K	-158.16K	-180.93K	-191.80K	-271.67K
Operating Cash Flow	-283.48K	-156.94K	-158.16K	-180.93K	-191.80K	-271.67K
Investing Cash Flow	0.00	0.00	-204.00K	-198.62K	124.56K	-347.14K
Financing Cash Flow	273.55K	155.29K	356.50K	278.62K	0.00	757.50K

FEC Resources Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	65 Neutral	$15.17B	7.61	4.09%	5.20%	3.87%	-62.32%
BRN	47 Neutral	$12.53M	-1.59	―	―	-32.91%	-23.72%
FECOF	45 Neutral	$1.19M	―	-4.43%	―	―	-33.33%
SKYQ	45 Neutral	$8.65M	-0.59	-192.25%	―	―	―