North American Nickel Inc. operates as a mineral exploration and resource development company.
Adequate balance sheet and overvalued.
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.
7 Day Return
CA Metals and Mining
1 Year Return
CA Metals and Mining
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.
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
Is North American Nickel undervalued compared to its fair value and its price relative to the market?
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).
How is North American Nickel forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
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.
- Examine North American Nickel's financial health to determine how well-positioned it is against times of financial stress by looking at its level of debt over time and how much cash it has left.
- North American Nickel competitive advantages and company strategy can generally be found in its financial reports archived here.
- Explore growth companies in the Materials industry.
How has North American Nickel performed over the past 5 years?
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
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.
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
What is North American Nickel's current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
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.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Keith Morrison (59yo)
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.
|CEO & Director||5.2yrs||CA$417.04k||0.50% CA$64.4k|
|Chief Financial Officer||1.8yrs||CA$239.69k||0.23% CA$28.9k|
|Chief Geologist||2.3yrs||no data||no data|
Experienced Management: NAN's management team is considered experienced (3.3 years average tenure).
|CEO & Director||5.2yrs||CA$417.04k||0.50% CA$64.4k|
|Independent Chairman of the Board||5.3yrs||CA$61.05k||0.61% CA$78.6k|
|Member of Advisory Board||6.9yrs||no data||no data|
|Independent Director||27.4yrs||CA$47.53k||no data|
|Member of Advisory Board||3.3yrs||CA$27.47k||0.45% CA$58.4k|
|Member of Advisory Board||6.4yrs||no data||no data|
|Member of Advisory Board||5.5yrs||no data||no data|
|Advisory Board Member||2.1yrs||CA$268.71k||no data|
|Independent Director||7.8yrs||CA$41.53k||0.055% CA$7.0k|
|Independent Director||4.3yrs||CA$41.53k||0.024% CA$3.1k|
Experienced Board: NAN's board of directors are considered experienced (5.4 years average tenure).
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
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 19.4%.
North American Nickel Inc.'s company bio, employee growth, exchange listings and data sources
- 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
- North American Nickel Inc.
- 666 Burrard Street
- Suite 2500
- British Columbia
- V6C 2X8
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|WSCR.F||OTCPK (Pink Sheets LLC)||Yes||Common Shares||US||USD||Jan 1987|
|NAN||TSXV (TSX Venture Exchange)||Yes||Common Shares||CA||CAD||Jan 1987|
|N84A||DB (Deutsche Boerse AG)||Yes||Common Shares||DE||EUR||Jan 1987|
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
|Data||Last Updated (UTC time)|
|Company Analysis||2020/02/23 02:00|
|End of Day Share Price||2020/02/21 00:00|
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.