TSXV:FPX

Stock Analysis Report

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Executive Summary

FPX Nickel Corp., a junior nickel mining company, engages in the acquisition, exploration, and development of mineral properties. More Details


Snowflake Analysis

Imperfect balance sheet with weak fundamentals.

Share Price & News

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


Latest Share Price and Events

Stable Share Price: FPX is not significantly more volatile than the rest of Canadian stocks over the past 3 months, typically moving +/- 10% a week.

Volatility Over Time: FPX's weekly volatility has decreased from 17% to 10% over the past year.


Market Performance


7 Day Return

-12.4%

FPX

-0.7%

CA Metals and Mining

1.8%

CA Market


1 Year Return

300.0%

FPX

27.7%

CA Metals and Mining

16.0%

CA Market

Return vs Industry: FPX exceeded the Canadian Metals and Mining industry which returned 27.7% over the past year.

Return vs Market: FPX exceeded the Canadian Market which returned 16% over the past year.


Shareholder returns

FPXIndustryMarket
7 Day-12.4%-0.7%1.8%
30 Day-1.3%-5.4%2.9%
90 Day27.9%-4.0%6.8%
1 Year300.0%300.0%28.9%27.7%20.3%16.0%
3 Year500.0%500.0%42.0%39.0%24.7%12.8%
5 Year1,318.2%1,318.2%75.6%70.2%56.3%32.8%

Long-Term Price Volatility Vs. Market

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


Simply Wall St News

Valuation

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

32.8x

Price to Book (PB) ratio


Share Price vs. Fair Value

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

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


Price To Earnings Ratio

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

PE vs Market: FPX 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 FPX's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: FPX is overvalued based on its PB Ratio (32.8x) compared to the CA Metals and Mining industry average (2.7x).


Next Steps

Future Growth

How is FPX Nickel forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

24.9%

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 FPX Nickel 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 FPX Nickel performed over the past 5 years?

7.6%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: FPX is currently unprofitable.

Growing Profit Margin: FPX is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: FPX is unprofitable, but has reduced losses over the past 5 years at a rate of 7.6% per year.

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

Earnings vs Industry: FPX is unprofitable, making it difficult to compare its past year earnings growth to the Metals and Mining industry (58%).


Return on Equity

High ROE: FPX has a negative Return on Equity (-44.57%), as it is currently unprofitable.


Next Steps

Financial Health

How is FPX Nickel's financial position?


Financial Position Analysis

Short Term Liabilities: FPX's short term assets (CA$1.5M) exceed its short term liabilities (CA$289.1K).

Long Term Liabilities: FPX's short term assets (CA$1.5M) do not cover its long term liabilities (CA$7.7M).


Debt to Equity History and Analysis

Debt Level: FPX's debt to equity ratio (195.4%) is considered high.

Reducing Debt: FPX's debt to equity ratio has increased from 5.1% to 195.4% 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: FPX has sufficient cash runway for 11 months based on last reported free cash flow, but has since raised additional capital.

Forecast Cash Runway: Insufficient data to determine if FPX has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.


Next Steps

Dividend

What is FPX Nickel current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

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

High Dividend: Unable to evaluate FPX'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 FPX's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if FPX'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 FPX'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?

5.3yrs

Average management tenure


CEO

Martin Turenne

5.25yrs

Tenure

CA$325,000

Compensation

Mr. Martin Turenne, CPA, CA has been the Chief Executive Officer and President of FPX Nickel Corp. since December 1, 2015 and served as its Chief Financial Officer from September 1, 2012 to December 1, 201...


Leadership Team

NamePositionTenureCompensationOwnership
Martin Turenne
President5.25yrsCA$325.00kno data
Joseph Mitchell
CFO & Corporate Secretary5.25yrsCA$102.19k0.66%
CA$ 906.6k
Ronald Britten
5.25yrsCA$135.68kno data
Robert Watts
3.25yrsno datano data

5.3yrs

Average Tenure

79yo

Average Age

Experienced Management: FPX's management team is seasoned and experienced (5.3 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Martin Turenne
President5.25yrsCA$325.00kno data
John McDonald
Independent Director11.75yrsCA$37.50k0.28%
CA$ 384.8k
Peter M. Bradshaw
Independent Non-Executive Chairman9.08yrsCA$97.50k16.51%
CA$ 22.8m
William Myckatyn
Independent Director22.08yrsCA$37.50k0.52%
CA$ 713.0k
Robert Bruce Pease
Independent Director3.33yrsCA$37.50k0.70%
CA$ 968.1k
Peter Marshall
Independent Director3.5yrsCA$56.18k0.23%
CA$ 315.7k
James Gilbert
Independent Director9.08yrsCA$37.50k0.35%
CA$ 482.0k

9.1yrs

Average Tenure

66.5yo

Average Age

Experienced Board: FPX's board of directors are considered experienced (9.1 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 20.6%.


Top Shareholders

Company Information

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


Key Information

  • Name: FPX Nickel Corp.
  • Ticker: FPX
  • Exchange: TSXV
  • Founded: 1995
  • Industry: Diversified Metals and Mining
  • Sector: Materials
  • Market Cap: CA$138.112m
  • Shares outstanding: 186.64m
  • Website: https://fpxnickel.com

Number of Employees


Location

  • FPX Nickel Corp.
  • 1155 West Pender Street
  • Suite 620
  • Vancouver
  • British Columbia
  • V6E 2P4
  • Canada

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
FPXTSXV (TSX Venture Exchange)YesCommon SharesCACADSep 1995
FP5DB (Deutsche Boerse AG)YesCommon SharesDEEURSep 1995
FPOC.FOTCPK (Pink Sheets LLC)YesCommon SharesUSUSDSep 1995

Biography

FPX Nickel Corp., a junior nickel mining company, engages in the acquisition, exploration, and development of mineral properties. It primarily explores for awaruite, a nickel-iron alloy. Its flagship prope...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/03/06 00:18
End of Day Share Price2021/03/05 00:00
Earnings2020/09/30
Annual Earnings2019/12/31


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.