How does FPX's PB Ratio compare to its peers?

FPX is good value based on its Price-To-Book Ratio (1.1x) compared to the peer average (3.2x).

How does FPX's PB Ratio compare vs other companies in the CA Metals and Mining Industry?

FPX is good value based on its Price-To-Book Ratio (1.1x) compared to the Canadian Metals and Mining industry average (1.4x).

What is FPX's PB Ratio compared to its Fair PB Ratio? This is the expected PB Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

Insufficient data to calculate FPX's Price-To-Book Fair Ratio for valuation analysis.

What is the Fair Price of FPX when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

FPX (CA$0.25) is trading below our estimate of [[fair value]] (CA$57.9)

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Target price is more than 20% higher than the current share price, but there are not enough analysts covering the stock to determine [[statistical confidence]] in agreement.

FPX Nickel (TSXV:FPX) - Stock Price, News & Analysis

FPX Stock Overview

A junior nickel mining company, engages in the acquisition, exploration, and development of mineral resource properties in Canada. More details

FPX fundamental analysis
Snowflake Score
Valuation	4/6
Future Growth	0/6
Past Performance	0/6
Financial Health	5/6
Dividends	0/6

Rewards

Trading at 99.6% below our estimate of its fair value

Risk Analysis

Makes less than USD$1m in revenue (CA$0)

Has less than 1 year of cash runway

Earnings have declined by 16.8% per year over past 5 years

Shareholders have been diluted in the past year

+ 1 more risk

FPX Nickel Corp. Competitors

Talon Metals

TSX:TLO

CA$79.5m

Kenorland Minerals

TSXV:KLD

CA$84.5m

Alpha Exploration

TSXV:ALEX

CA$76.2m

Highlander Silver

CNSX:HSLV

CA$83.7m

Price History & Performance

Summary of all time highs, changes and price drops for FPX Nickel
Historical stock prices
Current Share Price	CA$0.24
52 Week High	CA$0.40
52 Week Low	CA$0.24
Beta	0.96
11 Month Change	-12.50%
3 Month Change	-9.26%
1 Year Change	-28.99%
33 Year Change	-52.88%
5 Year Change	104.17%
Change since IPO	-5.77%

We're Interested To See How FPX Nickel (CVE:FPX) Uses Its Cash Hoard To Grow

Sep 14

Recent updates

We're Interested To See How FPX Nickel (CVE:FPX) Uses Its Cash Hoard To Grow

Sep 14

Here's Why We're Not Too Worried About FPX Nickel's (CVE:FPX) Cash Burn Situation

Jan 17

Should You Take Comfort From Insider Transactions At FPX Nickel Corp. (CVE:FPX)?

Feb 22

What Type Of Shareholders Make Up FPX Nickel Corp.'s (CVE:FPX) Share Registry?

Dec 31

Shareholder Returns

	FPX	CA Metals and Mining	CA Market
7D	0%	-0.6%	1.0%
1Y	-29.0%	25.4%	23.0%

Return vs Industry: FPX underperformed the Canadian Metals and Mining industry which returned 25.4% over the past year.

Return vs Market: FPX underperformed the Canadian Market which returned 23% over the past year.

Price Volatility

Is FPX's price volatile compared to industry and market?
FPX volatility
FPX Average Weekly Movement	7.6%
Metals and Mining Industry Average Movement	10.5%
Market Average Movement	8.4%
10% most volatile stocks in CA Market	17.8%
10% least volatile stocks in CA Market	3.0%

Stable Share Price: FPX has not had significant price volatility in the past 3 months compared to the Canadian market.

Volatility Over Time: FPX's weekly volatility (8%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
1995	n/a	Martin Turenne	www.fpxnickel.com

FPX Nickel Corp., a junior nickel mining company, engages in the acquisition, exploration, and development of mineral resource properties in Canada. Its flagship property is Baptiste Nickel project covering an area of 451 square kilometers located in Decar Nickel District in central British Columbia. The company was formerly known as First Point Minerals Corp. and changed its name to FPX Nickel Corp. in May 2017.

FPX Nickel Corp. Fundamentals Summary

How do FPX Nickel's earnings and revenue compare to its market cap?
FPX fundamental statistics
Market cap	CA$77.93m
Earnings (TTM)	-CA$2.57m
Revenue (TTM)	n/a

0.0x

P/S Ratio

-30.1x

P/E Ratio

Is FPX overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
FPX income statement (TTM)
Revenue	CA$0
Cost of Revenue	CA$0
Gross Profit	CA$0
Other Expenses	CA$2.57m
Earnings	-CA$2.57m

Last Reported Earnings

Sep 30, 2024

Next Earnings Date

n/a

Earnings per share (EPS)	-0.0081
Gross Margin	0.00%
Net Profit Margin	0.00%
Debt/Equity Ratio	0%

How did FPX perform over the long term?

See historical performance and comparison

FPX Stock Overview

Rewards

Risk Analysis

FPX Nickel Corp. Competitors

TSX:TLO

CA$79.5m

TSXV:KLD

CA$84.5m

TSXV:ALEX

CA$76.2m

CNSX:HSLV

CA$83.7m

Price History & Performance

Recent News & Updates

FPX Nickel Rock Sampling Program Establishes Mich Property as Compelling Large-Scale Target with Surface Grades Comparable to Baptiste Nickel Project

FPX Nickel Corp. Produces Battery-Grade Nickel Sulphate and Successfully Completes Pilot-Scale Refinery Testwork

FPX Nickel Corp. Produces Battery-Grade Nickel Sulphate and Successfully Completes Pilot-Scale Refinery Testwork

FPX Nickel Corp. Announces Director Appointments

FPX Nickel Corp. Commences Scoping Study to Develop North America's Nickel Sulphate Refinery for the EV Battery Market

We're Interested To See How FPX Nickel (CVE:FPX) Uses Its Cash Hoard To Grow

Recent updates

FPX Nickel Rock Sampling Program Establishes Mich Property as Compelling Large-Scale Target with Surface Grades Comparable to Baptiste Nickel Project

FPX Nickel Corp. Produces Battery-Grade Nickel Sulphate and Successfully Completes Pilot-Scale Refinery Testwork

FPX Nickel Corp. Produces Battery-Grade Nickel Sulphate and Successfully Completes Pilot-Scale Refinery Testwork

FPX Nickel Corp. Announces Director Appointments

FPX Nickel Corp. Commences Scoping Study to Develop North America's Nickel Sulphate Refinery for the EV Battery Market

We're Interested To See How FPX Nickel (CVE:FPX) Uses Its Cash Hoard To Grow

FPX Nickel Corp. Provides an Update on Value Engineering Studies That Have Improved the Conceptual Mine Plan and Facilities of the Baptiste Nickel Project in Central British Columbia

New minor risk - Insider selling

Fpx Nickel Corp. Reports Value Engineering Studies Outlining Improvements in Mineral Processing Facilities and Validating Pfs Project Schedule

FPX Nickel Corp. Re-Initiates Exploration at the Mich Property in the Yukon

FPX Nickel Corp. Announces That William H. Myckatyn Does Not Stand for Re-Election to the Board

FPX Nickel Corp. Completes Confirmatory Large-Scale Mineral Processing Pilot Testwork with Funding Support from the Government of Canada

FPX Nickel Corp., Annual General Meeting, May 29, 2024

Independent Non-Executive Chairman exercised options to buy CA$66k worth of stock.

Independent Director exercised options to buy CA$76k worth of stock.

FPX Nickel Corp. Appoints Kim Baird to Board of Directors

New major risk - Financial position

FPX Nickel Corp. announced that it has received CAD 14.450154 million in funding from Sumitomo Metal Mining Co., Ltd.

FPX Nickel Corp. announced that it expects to receive CAD 14.450154 million in funding from Sumitomo Metal Mining Co., Ltd.

Here's Why We're Not Too Worried About FPX Nickel's (CVE:FPX) Cash Burn Situation

FPX Nickel Files Preliminary Feasibility Study for Baptiste Nickel Project

FPX Nickel Corp. Announces Appointment of Felicia De La Paz as Corporate Secretary

FPX Nickel (CVE:FPX) Is In A Good Position To Deliver On Growth Plans

New major risk - Financial position

FPX Nickel Corp. Appoints Tim Bekhuys as Senior Vice President, Sustainability & External Relations

Independent Non-Executive Chairman recently bought CA$56k worth of stock

New minor risk - Share price stability

FPX Nickel Corp. Announces Resignation of Chris Mitchell as Corporate Secretary

New minor risk - Market cap size

Fpx Nickel Corp. Confirms Optimization of Baptiste Process Flowsheet, Improving Recovery by 4% for Upcoming Preliminary Feasibility Study

FPX Nickel Corp. announced that it has received CAD 16.08 million in funding from Outokumpu Oyj

FPX Nickel Corp. Achieves Successful Production of Battery-Grade Nickel Sulphate from Optimized Refinery Flowsheet

We're Not Very Worried About FPX Nickel's (CVE:FPX) Cash Burn Rate

Independent Director recently sold CA$71k worth of stock

FPX Nickel Corp. Reports on Large-Scale Pilot Testwork, with Results Validating Baptiste Flowsheet and Overall Recovery Basis

FPX Nickel Corp. Commences Preliminary Feasibility Study on the Baptiste Nickel Project

President exercised options to buy CA$410k worth of stock.

FPX Nickel Announces Positive Step-Out Drill Results Expanding Van Target Mineralized Footprint to a Scale Comparable to Baptiste Nickel Deposit

Insider recently bought CA$75k worth of stock

FPX Nickel Confirms Continuation of Strong Nickel Mineralization in Step-Out Drilling At Van Target, Returning the Highest-Grade Near-Surface Nickel Interval To-Date

FPX Nickel Corp. announced that it has received CAD 12 million in funding

FPX Nickel Corp. announced that it expects to receive CAD 12 million in funding

Insufficient new directors

FPX Nickel Corp. Reports Updated Mineral Resource Estimate for the Baptiste Nickel Project At the Decar Nickel District in Central British Columbia

Independent Director recently sold CA$104k worth of stock

FPX Nickel Corp. Prepares Updated Mineral Resource Estimate for Baptiste Nickel Project with Inclusion of Total Nickel, Cobalt and Iron Grades

FPX Nickel Corp. Completes Van Target Step-Out Drilling Program at Decar Nickel District in Central British Columbia

We're Not Worried About FPX Nickel's (CVE:FPX) Cash Burn

FPX Nickel Corp. Scoping Study Outlines Development of Integrated Nickel Sulphate Operation for EV Battery Supply Chain At Baptiste Project in British Columbia

FPX Nickel Corp. Presents Results from Phase 2 and Initial Results from Phase 3 of an Ongoing Three-Phase Metallurgical Test Program of Baptiste Nickel Project

FPX Nickel Commences Van Target Step-Out Drilling Program At Decar Nickel District in Central British Columbia

CO2 Lock Corp. Appoints Cooper Quinn as President

FPX Nickel Corp. Executes Development Memorandum of Agreement with Indigenous Partner Binche Whut'en for the Decar Nickel District in Central British Columbia

FPX Nickel Completes Trade-Off Studies Demonstrating Tangible Improvements to the Baptiste Nickel Project

FPX Nickel Corp. Testing Continues to Demonstrate Potential for Significant Carbon Mineralization At Baptiste Nickel Project

FPX Nickel Corp. Plans Step-Out Drilling Program to Test Expansion of Significant New Nickel Discovery At Van Target

FPX Nickel Corp. Plans Step-Out Drilling Program to Test Expansion of Significant New Nickel Discovery At Van Target

Insider recently bought CA$51k worth of stock

We're Interested To See How FPX Nickel (CVE:FPX) Uses Its Cash Hoard To Grow