Nicola Mining Inc.

TSXV:NIM Stock Report

Market Cap: CA$46.7m

Nicola Mining Valuation

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

Valuation Score

0/6

Valuation Score 0/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Book vs Peers

  • Price-To-Book vs Industry

  • Price-To-Book vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

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

Below Fair Value: NIM (CA$0.28) is trading above our estimate of fair value (CA$0.04)

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

Key Valuation Metric

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

Key metric: As NIM is unprofitable and pre-revenue we use its Price-To-Book Ratio for relative valuation analysis.

The above table shows the Price to Book ratio for NIM. This is calculated by dividing NIM's market cap by their current book value.
What is NIM's PB Ratio?
PB Ratio10.3x
BookCA$4.52m
Market CapCA$46.75m

Price to Book Ratio vs Peers

How does NIM's PB Ratio compare to its peers?

The above table shows the PB ratio for NIM vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PBEstimated GrowthMarket Cap
Peer Average3.2x
ADY Adyton Resources
3.1xn/aCA$45.4m
BSR Bluestone Resources
1.4xn/aCA$47.2m
VLT Volt Lithium
4.6xn/aCA$47.6m
DMX District Metals
3.6xn/aCA$46.4m
NIM Nicola Mining
10.3xn/aCA$46.7m

Price-To-Book vs Peers: NIM is expensive based on its Price-To-Book Ratio (10.3x) compared to the peer average (3.2x).

Price to Book Ratio vs Industry

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

89 CompaniesPrice / BookEstimated GrowthMarket Cap
S Sherritt International
0.1xn/aUS$48.32m
WM Wallbridge Mining
0.2xn/aUS$46.71m
NCU Nevada Copper
0.1xn/aUS$31.56m
ELR Eastern Platinum
0.3xn/aUS$25.33m
NIM 10.3xIndustry Avg. 1.4xNo. of Companies159PB01.22.43.64.86+
89 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Book vs Industry: NIM is expensive based on its Price-To-Book Ratio (10.3x) compared to the Canadian Metals and Mining industry average (1.4x).

Price to Book Ratio vs Fair Ratio

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

NIM PB Ratio vs Fair Ratio.
Fair Ratio
Current PB Ratio10.3x
Fair PB Ration/a

Price-To-Book vs Fair Ratio: Insufficient data to calculate NIM's Price-To-Book Fair Ratio for valuation analysis.

Analyst Price Targets

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

Analyst Forecast: Insufficient data to show price forecast.

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