Magna Mining Inc.

TSXV:NICU Stock Report

Market Cap: CA$849.4m

Magna Mining Valuation

Is NICU undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

1/6

Valuation Score 1/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Sales vs Peers

  • Price-To-Sales vs Industry

  • Price-To-Sales vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of NICU when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

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Below Fair Value: NICU (CA$3.35) is trading above our estimate of fair value (CA$0.63)

Significantly Below Fair Value: NICU is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for NICU?

Key metric: As NICU is barely profitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for NICU. This is calculated by dividing NICU's market cap by their current revenue.
What is NICU's PS Ratio?
PS Ratio21.3x
SalesCA$39.20m
Market CapCA$849.36m

Price to Sales Ratio vs Peers

How does NICU's PS Ratio compare to its peers?

The above table shows the PS ratio for NICU vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average26.3x
NEXT NextSource Materials
52.9x73.02%CA$83.2m
IVN Ivanhoe Mines
47.5x25.63%CA$22.9b
LUCA Luca Mining
2x23.14%CA$402.5m
ARG Amerigo Resources
3x10.22%CA$803.9m
NICU Magna Mining
21.3x62.00%CA$849.4m

Price-To-Sales vs Peers: NICU is good value based on its Price-To-Sales Ratio (21.3x) compared to the peer average (26.3x).

Historical Price to Sales Ratio

Historical Price to Sales Ratio compares a stock's price to its sales over time. Higher ratios indicate that investors are willing to pay more for the stock.

Fetching historical data

Price to Sales Ratio vs Industry

How does NICU's PS Ratio compare vs other companies in the CA Metals and Mining Industry?

89 CompaniesPrice / SalesEstimated GrowthMarket Cap
TECK.B Teck Resources
3.2x2.28%US$24.26b
EDV Endeavour Mining
3.5x9.42%US$12.90b
CS Capstone Copper
3.5x13.85%US$7.60b
OGC OceanaGold
4x18.14%US$6.82b
NICU 21.3xIndustry Avg. 7.7xNo. of Companies89PS01632486480+
89 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Sales vs Industry: NICU is expensive based on its Price-To-Sales Ratio (21.3x) compared to the Canadian Metals and Mining industry average (7.4x).

Price to Sales Ratio vs Fair Ratio

What is NICU's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

NICU PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio21.3x
Fair PS Ratio3.6x

Price-To-Sales vs Fair Ratio: NICU is expensive based on its Price-To-Sales Ratio (21.3x) compared to the estimated Fair Price-To-Sales Ratio (3.6x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst NICU forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentCA$3.35
CA$4.21
+25.75%
19.47%CA$5.00CA$3.10n/a4
Jan ’27CA$2.91
CA$4.21
+44.76%
19.47%CA$5.00CA$3.10n/a4
Dec ’26CA$2.75
CA$4.14
+50.45%
18.27%CA$5.00CA$3.10n/a4
Nov ’26CA$2.69
CA$4.14
+53.81%
18.27%CA$5.00CA$3.10n/a4
Oct ’26CA$2.77
CA$3.33
+20.34%
9.03%CA$3.75CA$3.05n/a3
Sep ’26CA$2.43
CA$3.69
+51.75%
16.05%CA$4.50CA$3.05n/a4
Aug ’26CA$1.69
CA$2.99
+76.78%
11.62%CA$3.50CA$2.60n/a4
Jul ’26CA$1.72
CA$2.73
+58.91%
9.60%CA$3.10CA$2.50n/a3
Jun ’26CA$1.52
CA$2.73
+79.82%
9.60%CA$3.10CA$2.50n/a3
May ’26CA$1.40
CA$2.62
+86.91%
13.63%CA$3.10CA$2.25n/a3
Apr ’26CA$1.56
CA$2.68
+71.47%
15.89%CA$3.10CA$2.25n/a2
Mar ’26CA$1.68
CA$2.75
+63.69%
18.18%CA$3.25CA$2.25n/a2
Feb ’26CA$1.73
CA$2.67
+54.14%
15.93%CA$3.25CA$2.25n/a3
Jan ’26CA$1.36
CA$2.63
+93.01%
23.81%CA$3.25CA$2.00CA$2.912
Dec ’25CA$1.46
CA$2.63
+79.79%
23.81%CA$3.25CA$2.00CA$2.752
Oct ’25CA$1.17
CA$2.63
+124.36%
23.81%CA$3.25CA$2.00CA$2.772
Sep ’25CA$0.81
CA$1.43
+75.93%
12.28%CA$1.60CA$1.25CA$2.432
Aug ’25CA$0.73
CA$1.43
+95.21%
12.28%CA$1.60CA$1.25CA$1.692
Jul ’25CA$0.72
CA$1.38
+90.97%
16.36%CA$1.60CA$1.15CA$1.722
Jun ’25CA$0.80
CA$1.92
+139.58%
41.10%CA$3.00CA$1.15CA$1.523
May ’25CA$0.81
CA$1.63
+100.62%
51.56%CA$3.00CA$0.90CA$1.404
Apr ’25CA$0.56
CA$1.60
+185.71%
53.76%CA$3.00CA$0.80CA$1.564
Mar ’25CA$0.41
CA$1.60
+295.06%
53.76%CA$3.00CA$0.80CA$1.684
Feb ’25CA$0.43
CA$1.60
+272.09%
53.76%CA$3.00CA$0.80CA$1.734
Jan ’25CA$0.56
CA$1.76
+214.73%
42.90%CA$3.00CA$0.95CA$1.364
CA$4.21
Fair Value
20.5% undervalued intrinsic discount
4
Number of Analysts

Analyst Forecast: Target price is more than 20% higher than the current share price, but analysts are not within a statistically confident range of agreement.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/01/08 06:48
End of Day Share Price 2026/01/08 00:00
Earnings2025/09/30
Annual Earnings2024/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

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.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Magna Mining Inc. is covered by 4 analysts. 2 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Dalton BarettoCanaccord Genuity
Bryce AdamsDesjardins Securities Inc.
David DavidsonParadigm Capital, Inc.