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PNM

Pacific Nickel MinesASX:PNM Stock Report

Market Cap

AU$25.8m

7D

-17.2%

1Y

84.6%

Updated

25 Oct, 2021

Data

Company Financials
PNM fundamental analysis
Snowflake Score
Valuation0/6
Future Growth0/6
Past Performance0/6
Financial Health4/6
Dividends0/6

PNM Overview

Pacific Nickel Mines Limited engages in the exploration and development mineral deposits in Solomon Islands.

Pacific Nickel Mines Competitors

Investigator Resources

ASX:IVR

AU$100.6m

White Rock Minerals

ASX:WRM

AU$47.0m

Argent Minerals

ASX:ARD

AU$36.0m

Silver Mines

ASX:SVL

AU$284.1m

Price History & Performance

Summary of all time highs, changes and price drops for Pacific Nickel Mines
Historical stock prices
Current Share PriceAU$0.12
52 Week HighAU$0.036
52 Week LowAU$0.17
Beta-0.89
1 Month Change60.00%
3 Month Change93.55%
1 Year Change84.62%
3 Year Change-65.71%
5 Year Change-60.00%
Change since IPO-99.11%

Recent News & Updates

Shareholder Returns

PNMAU Metals and MiningAU Market
7D-17.2%-1.7%0.6%
1Y84.6%10.8%21.3%

Return vs Industry: PNM exceeded the Australian Metals and Mining industry which returned 10.8% over the past year.

Return vs Market: PNM exceeded the Australian Market which returned 21.3% over the past year.

Price Volatility

Is PNM's price volatile compared to industry and market?
PNM volatility
PNM Beta-0.89
Industry Beta0.97
Market Beta1

Stable Share Price: PNM is more volatile than 90% of Australian stocks over the past 3 months, typically moving +/- 23% a week.

Volatility Over Time: PNM's weekly volatility (23%) has been stable over the past year, but is still higher than 75% of Australian stocks.

About the Company

FoundedEmployeesCEOWebsite
1996n/aGeoff Hillerhttps://pacificnickel.com

Pacific Nickel Mines Limited engages in the exploration and development mineral deposits in Solomon Islands. It holds 80% interests in the Jejevo and Kolosori nickel projects located on Santa Isabel Island in the Solomon Islands. The company was formerly known as Malachite Resources Limited and changed its name to Pacific Nickel Mines Limited in November 2020.

Pacific Nickel Mines Fundamentals Summary

How do Pacific Nickel Mines's earnings and revenue compare to its market cap?
PNM fundamental statistics
Market CapAU$25.79m
Earnings (TTM)-AU$2.40m
Revenue (TTM)AU$2.47k

12.0kx

P/S Ratio

-10.8x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
PNM income statement (TTM)
RevenueAU$2.47k
Cost of RevenueAU$0
Gross ProfitAU$2.47k
ExpensesAU$2.40m
Earnings-AU$2.40m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)-0.011
Gross Margin100.00%
Net Profit Margin-97,027.95%
Debt/Equity Ratio3.1%

How did PNM perform over the long term?

See historical performance and comparison

Valuation

Is Pacific Nickel Mines undervalued compared to its fair value and its price relative to the market?

4.12x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate PNM's fair value to establish if it is undervalued.

Significantly Below Fair Value: Insufficient data to calculate PNM's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: PNM is unprofitable, so we can't compare its PE Ratio to the Australian Metals and Mining industry average.

PE vs Market: PNM is unprofitable, so we can't compare its PE Ratio to the Australian market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate PNM's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: PNM is overvalued based on its PB Ratio (4.1x) compared to the AU Metals and Mining industry average (2.6x).


Future Growth

How is Pacific Nickel Mines forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

-0.5%

Forecasted Materials industry annual growth in earnings


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 Pacific Nickel Mines 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 SimplyWall St do have past financial data.


Past Performance

How has Pacific Nickel Mines performed over the past 5 years?

-26.1%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: PNM is currently unprofitable.

Growing Profit Margin: PNM is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: PNM is unprofitable, and losses have increased over the past 5 years at a rate of 26.1% per year.

Accelerating Growth: Unable to compare PNM's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: PNM is unprofitable, making it difficult to compare its past year earnings growth to the Metals and Mining industry (35.3%).


Return on Equity

High ROE: PNM has a negative Return on Equity (-38.3%), as it is currently unprofitable.


Financial Health

How is Pacific Nickel Mines's financial position?


Financial Position Analysis

Short Term Liabilities: PNM's short term assets (A$1.9M) exceed its short term liabilities (A$993.8K).

Long Term Liabilities: PNM has no long term liabilities.


Debt to Equity History and Analysis

Debt Level: PNM's debt to equity ratio (3.1%) is considered satisfactory.

Reducing Debt: PNM's debt to equity ratio has reduced from 30.7% to 3.1% over the past 5 years.


Balance Sheet


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.

Stable Cash Runway: PNM has less than a year of cash runway based on its current free cash flow.

Forecast Cash Runway: PNM has less than a year of cash runway if free cash flow continues to reduce at historical rates of 6.8% each year


Dividend

What is Pacific Nickel Mines's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

Notable Dividend: Unable to evaluate PNM's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate PNM's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if PNM's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if PNM's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of PNM's dividend in 3 years as they are not forecast to pay a notable one for the Australian market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

6.2yrs

Average management tenure


CEO

Geoff Hiller (57 yo)

10.58yrs

Tenure

AU$268,917

Compensation

Mr. Geoffrey Ross Hiller, as known as Geoff, has been Chief Executive Officer of Pacific Nickel Mines Limited (formerly known as Malachite Resources Limited) since March 21, 2011 and serves as its Executiv...


CEO Compensation Analysis

Compensation vs Market: Geoff's total compensation ($USD201.59K) is below average for companies of similar size in the Australian market ($USD302.38K).

Compensation vs Earnings: Geoff's compensation has increased whilst the company is unprofitable.


Leadership Team

Experienced Management: PNM's management team is seasoned and experienced (6.2 years average tenure).


Board Members

Experienced Board: PNM's board of directors are considered experienced (5.1 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have been substantially diluted in the past year, with total shares outstanding growing by 67.9%.


Top Shareholders

Company Information

Pacific Nickel Mines Limited's employee growth, exchange listings and data sources


Key Information

  • Name: Pacific Nickel Mines Limited
  • Ticker: PNM
  • Exchange: ASX
  • Founded: 1996
  • Industry: Diversified Metals and Mining
  • Sector: Materials
  • Market Cap: AU$25.787m
  • Shares outstanding: 214.90m
  • Website: https://pacificnickel.com

Location

  • Pacific Nickel Mines Limited
  • 283 George Street
  • Level 4
  • Sydney
  • New South Wales
  • 2000
  • Australia

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/25 16:43
End of Day Share Price2021/10/25 00:00
Earnings2021/06/30
Annual Earnings2021/06/30


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.