First Helium Inc. (HELI) AI Stock Analysis

• Market Cap: C$5.35M
• Dividend Yield: N/A
• Average Volume (3M): 184.13K
• Price to Earnings (P/E): ―
• Beta (1Y): -0.59
• Revenue Growth: -71.68%
• EPS Growth: 78.98%
• Country: CA
• Employees: N/A
• Sector: Energy
• Sector Strength: 68
• Industry: Chemicals
• EPS (TTM): -0.02
• Shares Outstanding: 213,899,020
• 10 Day Avg. Volume: 146,100
• 30 Day Avg. Volume: 184,129
• PEG Ratio: -0.08
• Price to Book (P/B): 0.24
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -1.85
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0

• Rating: 44 Neutral
• Price Target: ―

First Helium Inc.'s overall stock score reflects substantial financial difficulties, including declining revenues and poor profitability. Technical analysis supports the bearish outlook, with negative momentum indicators. Valuation metrics indicate a lack of attractiveness due to negative earnings. While recent positive corporate events present future opportunities, they have yet to materially impact the company's challenging financial status.

First Helium Inc. Business Overview & Revenue Model

Company Description

First Helium Inc. (HELI) is a Canadian exploration and development company focused on identifying, acquiring, and developing helium-rich assets in North America. The company operates within the natural resources sector, concentrating on the discovery and production of helium, a critical and scarce resource used in various high-tech and industrial applications, including medical imaging, electronics manufacturing, and scientific research.

How the Company Makes Money

First Helium Inc. generates revenue through the exploration and development of helium-rich properties, primarily by extracting and selling helium gas to industrial and commercial customers. The company's revenue model is based on the successful identification and commercialization of helium reserves. Key revenue streams include the sale of helium produced from its wells and potential joint ventures or partnerships with other resource developers to leverage infrastructure and market access. Factors contributing to its earnings include the global demand for helium, advancements in extraction technology, and strategic partnerships that enhance operational efficiency and market reach.

First Helium Inc. Financial Statement Overview

Summary

First Helium Inc. faces significant financial challenges, with a negative growth trajectory in revenue and negative profit margins. The balance sheet shows a strong equity base with no debt but highlights potential liquidity risks due to high liabilities. Cash flow management is problematic, with negative operating and free cash flows offset by external financing.

Income Statement

The company's income statement shows significant volatility. Revenue has decreased sharply in recent periods, with a negative growth trajectory. Gross profit and net profit margins are negative, indicating ongoing profitability challenges. EBIT and EBITDA margins are also negative, reflecting operational inefficiencies.

Balance Sheet

The balance sheet reflects a relatively strong equity position with no total debt in the latest period, resulting in a low debt-to-equity ratio. However, there are concerns about asset efficiency and potential liquidity risks given the high liabilities relative to cash and cash equivalents.

Cash Flow

The cash flow statement reveals negative operating and free cash flows, highlighting cash management issues. The ratio of operating cash flow to net income is not applicable due to consistent net losses. Financing activities have provided substantial cash inflows, mitigating some cash flow concerns temporarily.

Breakdown
TTM	Mar 2024	Mar 2023	Mar 2022	Mar 2021	Mar 2020
Income Statement		Total Revenue
493.86K	1.13M	8.22M	3.57M	0.00	0.00
	Gross Profit
-22.28K	-220.74K	5.75M	2.55M	-1.43K	-2.17K
	EBIT
-2.03M	-3.00M	1.45M	-405.96K	-376.02K	-498.75K
	EBITDA
-2.14M	-1.87M	1.25M	-396.19K	-356.31K	-487.57K
	Net Income Common Stockholders
-2.93M	-3.20M	-6.93M	-465.84K	-523.68K	-560.30K
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
165.27K	157.79K	165.27K	5.53M	3.47M	1.92K
	Total Assets
17.07M	16.22M	17.07M	20.31M	15.79M	2.16M
	Total Debt
140.99K	60.63K	140.99K	0.00	2.49M	1.05M
	Net Debt
-24.29K	-97.16K	-24.29K	-5.53M	-974.54K	1.05M
	Total Liabilities
2.79M	2.59M	2.79M	3.55M	3.89M	1.49M
	Stockholders Equity
14.28M	13.63M	14.28M	16.76M	11.90M	663.48K
Cash Flow		Free Cash Flow
-2.31M	-2.32M	-1.43M	-3.04M	-2.00M	-869.14K
	Operating Cash Flow
-2.04M	-2.02M	2.82M	-493.64K	-450.11K	-377.14K
	Investing Cash Flow
96.52K	-252.47K	-12.15M	-6.55M	-1.55M	-492.01K
	Financing Cash Flow
4.49M	2.27M	3.96M	2.04M	12.53M	871.06K

First Helium Inc. Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 0.02
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Positive
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:HELI, the sentiment is Negative. The current price of 0.02 is above the 20-day moving average (MA) of 0.02, below the 50-day MA of 0.02, and below the 200-day MA of 0.04, indicating a neutral trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 19.46 is Positive, neither overbought nor oversold. The STOCH value of <0.01 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for TSE:HELI.

First Helium Inc. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
PSI	75 Outperform	C$1.01B	14.15	14.68%	4.06%	12.43%	-44.90%
NVA	74 Outperform	$3.06B	8.28	16.78%	―	-15.57%	-12.73%
FEC	72 Outperform	C$517.11M	29.96	0.67%	3.75%	-0.37%	-92.83%
PEY	68 Neutral	C$4.11B	13.82	11.17%	6.39%	2.80%	-7.94%
Sector *	58 Neutral	$7.53B	3.34	-4.45%	10.13%	0.83%	-49.64%
HELI	44 Neutral	C$5.35M	―	-19.36%	―	-71.68%	78.98%

First Helium Inc. Corporate Events

First Helium Unveils Major Discoveries at Worsley Project

First Helium Inc. announced significant discoveries at its Worsley Project, including a shallow heavy oil find and the extension of a helium-enriched natural gas play. The shallow heavy oil discovery, confirmed through the 7-30 and 7-15 wells, presents a large, repeatable development opportunity with attractive economic returns, prompting the company to prepare a development plan. Additionally, the extension of the Blue Ridge helium-enriched natural gas play to the eastern part of the Worsley land base enhances the potential for large-scale development, making it appealing to potential partners.

First Helium Advances Worsley Property Drilling Operations

First Helium Inc. announced the successful drilling and casing of its 7-15 exploration well at the Worsley Property in Northern Alberta, planning to complete and test both the 7-15 and 7-30 wells. This development is significant as the proximity of the two wells allows for efficient operations, and completion before spring break up could strategically position the company for systematic development of its land holdings, potentially enhancing its market presence and operations.