TSX:NCP

Stock Analysis Report

Nickel Creek Platinum

Executive Summary

Nickel Creek Platinum Corp. engages in the exploration and development of nickel and platinum group metals in North America.


Snowflake Analysis

Adequate balance sheet and overvalued.

Share Price & News

How has Nickel Creek Platinum's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: NCP's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

-9.5%

NCP

-1.5%

CA Metals and Mining

-3.8%

CA Market


1 Year Return

26.7%

NCP

4.9%

CA Metals and Mining

0.5%

CA Market

Return vs Industry: NCP exceeded the Canadian Metals and Mining industry which returned 4.9% over the past year.

Return vs Market: NCP exceeded the Canadian Market which returned 0.5% over the past year.


Shareholder returns

NCPIndustryMarket
7 Day-9.5%-1.5%-3.8%
30 Day5.6%3.2%-2.0%
90 Day26.7%10.2%-0.3%
1 Year26.7%26.7%5.6%4.9%3.7%0.5%
3 Year-72.5%-72.5%-1.9%-3.6%13.6%3.4%
5 Year-83.9%-83.9%28.2%24.6%30.2%11.2%

Price Volatility Vs. Market

How volatile is Nickel Creek Platinum's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Nickel Creek Platinum undervalued compared to its fair value and its price relative to the market?

0.94x

Price to Book (PB) ratio


Share Price vs. Fair Value

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

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


Price To Earnings Ratio

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

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


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: NCP is good value based on its PB Ratio (0.9x) compared to the CA Metals and Mining industry average (1.5x).


Next Steps

Future Growth

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

13.7%

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 Nickel Creek Platinum 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.


Next Steps

Past Performance

How has Nickel Creek Platinum performed over the past 5 years?

-18.0%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: NCP is currently unprofitable.

Growing Profit Margin: NCP is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: NCP is unprofitable, and losses have increased over the past 5 years at a rate of -18% per year.

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

Earnings vs Industry: NCP is unprofitable, making it difficult to compare its past year earnings growth to the Metals and Mining industry (11.8%).


Return on Equity

High ROE: NCP has a negative Return on Equity (-13.01%), as it is currently unprofitable.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is Nickel Creek Platinum's financial position?


Financial Position Analysis

Short Term Liabilities: NCP's short term assets (CA$1.9M) exceed its short term liabilities (CA$520.5K).

Long Term Liabilities: NCP's short term assets (CA$1.9M) exceed its long term liabilities (CA$640.0K).


Debt to Equity History and Analysis

Debt Level: NCP is debt free.

Reducing Debt: NCP has no debt compared to 5 years ago when its debt to equity ratio was 0.1%.


Balance Sheet

Inventory Level: NCP has a high level of physical assets or inventory.

Debt Coverage by Assets: Insufficient data to determine if NCP's debt is covered by short term assets.


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: NCP has less than a year of cash runway based on its current free cash flow.

Forecast Cash Runway: NCP has less than a year of cash runway if free cash flow continues to grow at historical rates of 3.8% each year.


Next Steps

Dividend

What is Nickel Creek Platinum's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

companyn/amarketbottom25%2.0%markettop25%5.7%industryaverage1.2%forecastin3Yearsn/a

Current dividend yield vs market & industry

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

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


Stability and Growth of Payments

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

Growing Dividend: Insufficient data to determine if NCP'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 NCP's dividend in 3 years as they are not forecast to pay a notable one for the Canadian market.


Next Steps

Management

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

3.0yrs

Average management tenure


CEO

Diane Garrett (58yo)

3.7yrs

Tenure

CA$718,435

Compensation

Dr. Diane Renee Garrett, MA, M.Sc., Ph.D., Mineral Economics, Eng., has been an Independent Director of Novagold Resources Inc. since May 4, 2018. Dr. Garrett serves as Advisor of Revival Gold Inc. since D ...


CEO Compensation Analysis

Compensation vs Market: Diane's total compensation ($USD540.65K) is above average for companies of similar size in the Canadian market ($USD155.12K).

Compensation vs Earnings: Diane's compensation has been consistent with company performance over the past year.


Leadership Team

NamePositionTenureCompensationOwnership
Diane Garrett
President3.7yrsCA$718.44k0.92% CA$237.5k
Joseph Romagnolo
Senior VP & CFO3.5yrsCA$350.00k0.16% CA$41.9k
Heather White
Senior VP & COO2.5yrsCA$378.00k0.13% CA$34.5k
James Berry
Chief Geologist2.6yrsno datano data

3.0yrs

Average Tenure

Experienced Management: NCP's management team is considered experienced (3 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Diane Garrett
President3.7yrsCA$718.44k0.92% CA$237.5k
Michele Darling
Independent Director4.4yrsCA$65.00k0.074% CA$19.0k
Mark Fields
Independent Director3.9yrsCA$71.00kno data
Harry Kirk
Independent Director3.9yrsCA$65.00kno data
Michel J. Sylvestre
Independent Director8yrsCA$56.00k0.022% CA$5.7k
Myron Manternach
Independent Chairman of the Board5.4yrsCA$96.80k0.092% CA$23.8k
Jacqueline Murray
Board Observer4.1yrsno datano data

4.1yrs

Average Tenure

65yo

Average Age

Experienced Board: NCP's board of directors are considered experienced (4.1 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 diluted in the past year, with total shares outstanding growing by 2.7%.


Top Shareholders

Company Information

Nickel Creek Platinum Corp.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Nickel Creek Platinum Corp.
  • Ticker: NCP
  • Exchange: TSX
  • Founded: 2006
  • Industry: Diversified Metals and Mining
  • Sector: Materials
  • Market Cap: CA$25.787m
  • Shares outstanding: 271.45m
  • Website: https://www.nickelcreekplatinum.com

Number of Employees


Location

  • Nickel Creek Platinum Corp.
  • 666 Burrard Street
  • Suite 1700
  • Vancouver
  • British Columbia
  • V6C 2X8
  • Canada

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
NCPTSX (The Toronto Stock Exchange)YesCommon SharesCACADMay 2011
P94PDB (Deutsche Boerse AG)YesCommon SharesDEEURMay 2011
NCPC.FOTCPK (Pink Sheets LLC)YesCommon SharesUSUSDMay 2011

Biography

Nickel Creek Platinum Corp. engages in the exploration and development of nickel and platinum group metals in North America. It also explores for copper, cobalt, and gold deposits. The company’s flagship asset is its 100% owned Nickel Shäw project located in the south west of Yukon Territory, Canada. The company was formerly known as Wellgreen Platinum Ltd. and changed its name to Nickel Creek Platinum Corp. in January 2018. Nickel Creek Platinum Corp. was incorporated in 2006 and is headquartered in Vancouver, Canada. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/02/26 01:39
End of Day Share Price2020/02/25 00:00
Earnings2019/09/30
Annual Earnings2018/12/31


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.