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
Pure 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
is considered below, and whether this is a fair price.
Price based on past earnings
Pure 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 Pure 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
expected to grow at an
Unable to compare Pure Nickel's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
Unable to compare Pure Nickel's earnings growth to the Canada market average as no estimate data is available.
Unable to compare Pure Nickel's revenue growth to the Canada market average as no estimate data is available.
Unable to determine if Pure Nickel is high growth as no earnings estimate data is available.
Unable to determine if Pure 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.
Pure 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.
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.
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. Robert David Russell serves as Chairman of the Board of Pure Nickel Inc and has been its CEO and President since January 2019. Mr. Russell was an Interim President & CEO of Atlanta Gold Inc since May 10, 2017 until December 20, 2018. Mr. Russell has over 35 years of experience in the mining industry. Mr. Russell was the Founder, President, CEO and Director of the former Apollo Gold Corporation, (now Primero Mining Corp.). Additional positions included Vice-President and Chief Operating Officer of Getchell Gold Company/Placer Dome Gold, General Manager, US Operations, LAC Minerals Ltd. (now Barrick Gold). He was a Manager of Underground Mining at Independence Mining Company, Project Manager at Hecla Mining Company, Manager of Lincoln Project at FMC/MeridianGold. He was a Director of Atlanta Gold Inc since April 25, 2017 until December 20, 2018. He graduated from the University of Montana, at Montana Tech, School of Mineral, Science and Technology with a Bachelor of Science Degree in Mining Engineering.
Robert's compensation has been consistent with company performance over the past year.
Robert's remuneration is lower than average for companies of similar size in Canada.
Management Team Tenure
Average tenure of the
management team in years:
The tenure for the Pure Nickel management team is about average.
Does The Pure Nickel Inc (CVE:NIC) Share Price Fall With The Market?
Some investors use beta as a measure of how much a certain stock is impacted by market risk (volatility). … While we should keep in mind that Warren Buffett has cautioned that 'Volatility is far from synonymous with risk', beta is still a useful factor to consider. … A stock with a beta greater than one is more sensitive to broader market movements than a stock with a beta of less than one.
Is Pure Nickel Inc's (CVE:NIC) ROE Of 87.02% Sustainable?
I am writing today to help inform people who are new to the stock market. … If NIC borrows debt to invest in its business, its profits will be higher. … But ROE does not capture any debt, so we only see high profits and low equity, which is great on the surface.
Is It Time To Buy Pure Nickel Inc (CVE:NIC) Based Off Its PE Ratio?
and want to begin learning the link between Pure Nickel Inc (CVE:NIC)’s fundamentals and stock market performance. … Pure Nickel Inc (CVE:NIC) is trading with a trailing P/E of 10.9x, which is lower than the industry average of 11x. … While NIC might seem like an attractive stock to buy, it is important to understand the assumptions behind the P/E ratio before you make any investment decisions
Is Pure Nickel Inc's (CVE:NIC) PE Ratio A Signal To Sell For Investors?
It compares a stock’s price per share to the stock’s earnings per share. … Formula Price-Earnings Ratio = Price per share ÷ Earnings per share P/E Calculation for NIC Price per share = CA$0.03 Earnings per share = CA$0.002 ∴ Price-Earnings Ratio = CA$0.03 ÷ CA$0.002 = 19.1x The P/E ratio isn’t a metric you view in isolation and only becomes useful when you compare it against other similar companies. … Ultimately, our goal is to compare the stock’s P/E ratio to the average of companies that have similar attributes to NIC, such as company lifetime and products sold.
Pure Nickel Inc. engages in the acquisition, exploration, and development of mineral properties in Canada and the United States. The company primarily explores for nickel, platinum group elements, copper, gold, and silver deposits, as well as other base and precious metals. The company holds interests in the William Lake property with 55 claims covering approximately 10,566 hectares located in central Manitoba; and the Manibridge property with 2 claims covering approximately 274 hectares located in Manitoba. The company also holds interests in the Fond du Lac property comprising 4 contiguous claims covering approximately 19,700 hectares located in Saskatchewan; the HPM property with 14 claims covering approximately 748 hectares located in Quebec; and the Tower property comprising 35 mining claims located in Manitoba. Pure Nickel Inc. is headquartered in Toronto, Canada.
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