Value is all about what a company is worth versus what price it is
available for. If you went into a grocery store and all the bananas were on sale
at half price, they could be considered
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
It is not possible to calculate the future cash flow value for
North American Nickel. This is due to cash flow or dividend data being
unavailable. The share price is
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for
it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing
when they are out of season, or how much your home is worth.
The amount the stock market is willing to pay for
North American Nickel's
is considered below, and whether this is a fair price.
Price based on past earnings
North American Nickel's earnings available for a low price, and how does
this compare to other companies in the same industry?
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 North American 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 Simply Wall St do have past financial data. You can see them here.
Show me the analysis anyway
The future performance of a company is measured in the same way as past
performance, by looking at estimated
and how much profit it is expected to make.
Future estimates come from
professional analysts. Just like forecasting the weather, they don’t always get
Expected Metals and Mining industry annual growth in earnings.
Earnings growth vs Low Risk Savings
North American Nickel
expected to grow at an
Unable to compare North American Nickel's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
Unable to compare North American Nickel's earnings growth to the Canada market average as no estimate data is available.
Unable to compare North American Nickel's revenue growth to the Canada market average as no estimate data is available.
Unable to determine if North American Nickel is high growth as no earnings estimate data is available.
Unable to determine if North American Nickel is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can
be gauged below. We look back 3 years and see if they were any good at
predicting what actually occurred. We also show the highest and lowest estimates
looking forward to see if there is a wide range.
North American Nickel's performance over the past 5 years by checking for:
Has earnings increased in past 5 years? (1 check)
Has the earnings growth in the last year exceeded that of the
Metals and Mining
industry? (1 check)
Is the recent earnings growth over the last year higher than the average annual growth over the
past 5 years? (1 check)
Is the Return on Equity (ROE) higher than 20%? (1 check)
Is the Return on Assets (ROA) above industry average? (1 check)
Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent
earnings report. Some checks require at least 3 or 5 years worth of data.
North American Nickel
has a total score of
0/6, see the detailed checks below.
Note: We use GAAP Net Income excluding extraordinary items in all our calculations.
A company's financial position is much like your own financial position,
it includes everything you own
The boxes below represent the relative size of what makes up
North American Nickel's finances.
The net worth of a company is the difference between its assets and liabilities.
North American Nickel is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
North American Nickel has no long term commitments.
This treemap shows a more detailed breakdown of
North American Nickel's finances. If any of them are yellow this
indicates they may be out of proportion and red means they relate to one of the
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
High level of physical assets or inventory.
North American Nickel has no debt, it does not need to be covered by short term assets.
Nearly all companies have debt. Debt in itself isn’t
however if the debt is too high, or the company can’t afford to pay the interest
on its debts this may have impacts in the future.
The graphic below shows equity (available funds) and debt, we ideally want to
see the red area (debt) decreasing.
If there is any debt we look at the companies capability to repay it, and
whether the level has increased over the past 5 years.
Management is one of the most important areas of a company. We look at
unreasonable CEO compensation, how long the team and board of directors have
been around for and insider trading.
TENURE AS CEO
Mr. Richard William Morrison, also known as Keith, P.Geo., has been the Chief Executive Officer of North American Nickel Inc. since December 18, 2014. Mr. Morrison served as the Chairman of the Board of Zenyatta Ventures Limited from January, 2018 to May 11, 2018. Mr. Morrison is a Co-Founder of Vismand Exploration Inc., and serves as its Chief Executive Officer. Mr. Morrison had been the Chief Executive Officer of Gedex Inc., since September 2008 until 2014. He Co-founded Quantec Geoscience Limited and served as its Chief Executive Officer from 1989 to 2005. Since 1986, he lead Quantec through successful global expansions on four continents and the proprietary research and development of the Titan24 deep exploration system. Mr. Morrison is a geophysicist and has over 30 years of international experience in the resources sector with an accomplished background in strategy, finance, exploration, technology, global operations, capital markets and corporate development. He has an extensive experience in all facets of mineral exploration and in international project development and finance. He also Co-founded QGX in 1994. He serves as Non-Executive Chairman of Security Devices International, Inc. since April 30, 2014 and Osgood Mountain Gold Ltd. since August 2016. He served as the Chairman of Aeroquest International Ltd. from August 17, 2007 to 2012 and served as its Director from October 13, 2006 to 2012. He has been a Director of North American Nickel Inc. since December 2014. He serves as a Director at Vismand Exploration Inc. and Quantec Geoscience Limited. He served as a Director of Gedex Inc from 2008 to 2014. He served as a Non-Executive & Independent Director of Era Resources Inc. since 2011. He served as a Director of Medoro Resources Ltd. from January 19, 2010 to October 2010. He is a Member of the Society of Exploration Geophysicists (SEG) and the Prospectors and Developers Association (PDA). He is a registered Professional Geoscientist with the APGO. Mr. Morrison holds Bachelor of Science in Applied Science and Engineering Geophysics from Queen's University and is a graduate of the University of Toronto Rotman School of Business ICD Program.
Keith's compensation has increased whilst company is loss making.
Keith's remuneration is higher than average for companies of similar size in Canada.
Management Team Tenure
Average tenure of the
North American Nickel
management team in years:
The tenure for the North American Nickel management team is about average.
CEO & Director
Chief Financial Officer
Board of Directors Tenure
Average tenure and age of the
North American Nickel
board of directors in years:
The tenure for the North American Nickel board of directors is about average.
North American Nickel Inc. operates as a mineral exploration and resource development company. It engages in the exploration and development of mineral properties in Greenland, Canada, and the United States. The company’s principal project is the Maniitsoq property, nickel-copper-cobalt-precious metal sulphide project that consists of two exploration licenses covering an area of 2,985 square kilometers located in Greenland. Its exploration projects also include the Post Creek property, which consists of 39 unpatented mining claims covering an area of 912 hectares; and the Halcyon property that comprises 53 unpatented mining claim units totaling 864 hectares located in the Sudbury Mining District of Ontario, Canada. The company was formerly known as Widescope Resources Inc. and changed its name to North American Nickel Inc. in April 2010. North American Nickel Inc. was incorporated in 1983 and is headquartered in Vancouver, Canada.
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