TSXV:NAN

Stock Analysis Report

North American Nickel

Executive Summary

North American Nickel Inc. operates as a mineral exploration and resource development company.


Snowflake Analysis

Adequate balance sheet and overvalued.


Similar Companies

Share Price & News

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


Latest Share Price and Events

Stable Share Price: NAN has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

3.2%

NAN

4.7%

CA Metals and Mining

0.2%

CA Market


1 Year Return

-46.7%

NAN

4.8%

CA Metals and Mining

4.6%

CA Market

Return vs Industry: NAN underperformed the Canadian Metals and Mining industry which returned 4.8% over the past year.

Return vs Market: NAN underperformed the Canadian Market which returned 4.6% over the past year.


Shareholder returns

NANIndustryMarket
7 Day3.2%4.7%0.2%
30 Dayn/a5.2%0.5%
90 Day3.2%13.4%4.0%
1 Year-46.7%-46.7%5.5%4.8%7.9%4.6%
3 Year-81.2%-81.2%-2.8%-4.4%17.8%7.2%
5 Year-92.7%-92.7%25.5%21.8%33.7%14.2%

Price Volatility Vs. Market

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


Simply Wall St News

No news available

Valuation

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

0.18x

Price to Book (PB) ratio


Share Price vs. Fair Value

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

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


Price To Earnings Ratio

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

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


Price to Book Ratio

PB vs Industry: NAN is good value based on its PB Ratio (0.2x) compared to the CA Metals and Mining industry average (1.6x).


Next Steps

Future Growth

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

14.1%

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 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 SimplyWall St do have past financial data.


Next Steps

Past Performance

How has North American Nickel performed over the past 5 years?

5.7%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: NAN is currently unprofitable.

Growing Profit Margin: NAN is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: NAN is unprofitable, but has reduced losses over the past 5 years at a rate of 5.7% per year.

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

Earnings vs Industry: NAN is unprofitable, making it difficult to compare its past year earnings growth to the Metals and Mining industry (11.9%).


Return on Equity

High ROE: NAN has a negative Return on Equity (-4.1%), as it is currently unprofitable.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is North American Nickel's financial position?


Financial Position Analysis

Short Term Liabilities: NAN's short term assets (CA$412.0K) exceed its short term liabilities (CA$360.0K).

Long Term Liabilities: NAN has no long term liabilities.


Debt to Equity History and Analysis

Debt Level: NAN is debt free.

Reducing Debt: NAN had no debt 5 years ago.


Balance Sheet

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

Debt Coverage by Assets: Insufficient data to determine if NAN'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: NAN has less than a year of cash runway based on its current free cash flow.

Forecast Cash Runway: NAN has less than a year of cash runway if free cash flow continues to reduce at historical rates of -12.2% each year


Next Steps

Dividend

What is North American Nickel's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

companyn/amarketbottom25%2.0%markettop25%5.4%industryaverage1.2%forecastin3Yearsn/a

Current dividend yield vs market & industry

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

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

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

3.3yrs

Average management tenure


CEO

Keith Morrison (59yo)

5.2yrs

Tenure

CA$417,039

Compensation

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 Ze ...


CEO Compensation Analysis

Compensation vs Market: Keith's total compensation ($USD315.61K) is above average for companies of similar size in the Canadian market ($USD154.65K).

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


Leadership Team

NamePositionTenureCompensationOwnership
Richard Morrison
CEO & Director5.2yrsCA$417.04k0.50% CA$64.4k
Mark Fedikow
President4.4yrsCA$262.52k2.52% CA$323.6k
Sarah-Wenjia Zhu
Chief Financial Officer1.8yrsCA$239.69k0.23% CA$28.9k
Peter Lightfoot
Chief Geologist2.3yrsno datano data

3.3yrs

Average Tenure

59yo

Average Age

Experienced Management: NAN's management team is considered experienced (3.3 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Richard Morrison
CEO & Director5.2yrsCA$417.04k0.50% CA$64.4k
John Sabine
Independent Chairman of the Board5.3yrsCA$61.05k0.61% CA$78.6k
Alexander Balogh
Member of Advisory Board6.9yrsno datano data
Douglas Ford
Independent Director27.4yrsCA$47.53kno data
Edward Ford
Member of Advisory Board3.3yrsCA$27.47k0.45% CA$58.4k
Anthony Naldrett
Member of Advisory Board6.4yrsno datano data
Ole Anthon Christiansen
Member of Advisory Board5.5yrsno datano data
Patricia Tirschmann
Advisory Board Member2.1yrsCA$268.71kno data
Gilbert Clark
Independent Director7.8yrsCA$41.53k0.055% CA$7.0k
Christopher Messina
Independent Director4.3yrsCA$41.53k0.024% CA$3.1k

5.4yrs

Average Tenure

60.5yo

Average Age

Experienced Board: NAN's board of directors are considered experienced (5.4 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: NAN 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 19.4%.


Top Shareholders

Company Information

North American Nickel Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: North American Nickel Inc.
  • Ticker: NAN
  • Exchange: TSXV
  • Founded: 1983
  • Industry: Diversified Metals and Mining
  • Sector: Materials
  • Market Cap: US$9.723m
  • Listing Market Cap: US$12.848m
  • Shares outstanding: 88.39m
  • Website: https://www.northamericannickel.com

Number of Employees


Location

  • North American Nickel Inc.
  • 666 Burrard Street
  • Suite 2500
  • Vancouver
  • British Columbia
  • V6C 2X8
  • Canada

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
WSCR.FOTCPK (Pink Sheets LLC)YesCommon SharesUSUSDJan 1987
NANTSXV (TSX Venture Exchange)YesCommon SharesCACADJan 1987
N84ADB (Deutsche Boerse AG)YesCommon SharesDEEURJan 1987

Biography

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 asset is the Maniitsoq nickel-copper-cobalt-precious metal sulphide project covering an area of 3,048 square kilometers located in southwestern Greenland. 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. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/02/23 02:00
End of Day Share Price2020/02/21 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.