Executive Summary
FPX Nickel Corp., a junior nickel mining company, engages in the acquisition, exploration, and development of mineral properties. More Details
Rewards
Risk Analysis
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 +/- 14% a week.
Volatility Over Time: FPX's weekly volatility (14%) has been stable over the past year.
Market Performance
7 Day Return
8.7%
FPX
-5.8%
CA Metals and Mining
-0.5%
CA Market
1 Year Return
400.0%
FPX
33.4%
CA Metals and Mining
1.6%
CA Market
Return vs Industry: FPX exceeded the Canadian Metals and Mining industry which returned 33.4% over the past year.
Return vs Market: FPX exceeded the Canadian Market which returned 1.6% over the past year.
Shareholder returns
| FPX | Industry | Market | |
|---|---|---|---|
| 7 Day | 8.7% | -5.8% | -0.5% |
| 30 Day | 11.9% | -2.1% | 3.4% |
| 90 Day | 17.2% | -4.0% | 13.2% |
| 1 Year | 400.0%400.0% | 34.5%33.4% | 5.3%1.6% |
| 3 Year | 476.9%476.9% | 36.0%33.1% | 13.1%2.3% |
| 5 Year | 1,400.0%1,400.0% | 175.5%166.8% | 66.0%40.5% |
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
2 weeks ago | Simply Wall St
What Type Of Shareholders Make Up FPX Nickel Corp.'s (CVE:FPX) Share Registry?2 months ago | Simply Wall St
Allyn knoche Just Bought 15% More Shares In FPX Nickel Corp. (CVE:FPX)4 months ago | Simply Wall St
How Much Are FPX Nickel Corp. (CVE:FPX) Insiders Spending On Buying Shares?Valuation
Is FPX Nickel undervalued compared to its fair value and its price relative to the market?
31.54x
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 (31.5x) compared to the CA Metals and Mining industry average (2.9x).
Next Steps
Future Growth
How is FPX Nickel forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?
27.6%
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
- Take a look at our analysis of FPX’s management and see if the CEO’s compensation is within a reasonable range, who is on the board and if insiders have been trading lately.
- FPX Nickel competitive advantages and company strategy can generally be found in its financial reports archived here.
- Explore growth companies in the Materials industry.
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 (71.8%).
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?
5.1yrs
Average management tenure
CEO
Martin Turenne
5.08yrs
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
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 5.08yrs | CA$325.00k | no data | |
| CFO & Corporate Secretary | 5.08yrs | CA$102.19k | 0.65% CA$ 881.3k | |
| 5.08yrs | CA$135.68k | no data | ||
| 3.08yrs | no data | no data |
5.1yrs
Average Tenure
79yo
Average Age
Experienced Management: FPX's management team is seasoned and experienced (5.1 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 5.08yrs | CA$325.00k | no data | |
| Independent Director | 11.58yrs | CA$37.50k | 0.26% CA$ 352.5k | |
| Independent Non-Executive Chairman | 8.92yrs | CA$97.50k | 17.03% CA$ 23.1m | |
| Independent Director | 21.92yrs | CA$37.50k | 0.39% CA$ 535.2k | |
| Independent Director | 3.17yrs | CA$37.50k | 0.72% CA$ 981.2k | |
| Independent Director | 3.33yrs | CA$56.18k | 0.24% CA$ 319.9k | |
| Independent Director | 8.92yrs | CA$37.50k | 0.36% CA$ 488.5k |
8.9yrs
Average Tenure
66.5yo
Average Age
Experienced Board: FPX's board of directors are considered experienced (8.9 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: FPX 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 17%.
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$135.732m
- Shares outstanding: 180.98m
- Website: https://fpxnickel.com
Number of Employees
Location
- FPX Nickel Corp.
- 1155 West Pender Street
- Suite 620
- Vancouver
- British Columbia
- V6E 2P4
- Canada
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| FPX | TSXV (TSX Venture Exchange) | Yes | Common Shares | CA | CAD | Sep 1995 |
| FP5 | DB (Deutsche Boerse AG) | Yes | Common Shares | DE | EUR | Sep 1995 |
| FPOC.F | OTCPK (Pink Sheets LLC) | Yes | Common Shares | US | USD | Sep 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
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/01/18 00:34 |
| End of Day Share Price | 2021/01/15 00:00 |
| Earnings | 2020/09/30 |
| Annual Earnings | 2019/12/31 |
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.