Nicola Mining Inc.

TSXV:NIM Stock Report

Market Cap: CA$79.7m

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: Insufficient data to calculate NIM's fair value for valuation analysis.

Significantly Below Fair Value: Insufficient data to calculate NIM's fair value for valuation analysis.

Key Valuation Metric

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

Key metric: As NIM barely has 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 Ratio-9.2x
Book-CA$8.63m
Market CapCA$79.68m

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 Average1.6x
ADY Adyton Resources
3xn/aCA$61.1m
VIO Vior
0.9xn/aCA$58.2m
AZM Azimut Exploration
1.4xn/aCA$70.2m
SPOT EarthLabs
0.9xn/aCA$33.1m
NIM Nicola Mining
n/an/aCA$79.7m

Price-To-Book vs Peers: NIM has negative equity and a Price-To-Book Ratio (-9.2x) compared to the peer average (1.6x).

Price to Book Ratio vs Industry

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

99 CompaniesPrice / BookEstimated GrowthMarket Cap
LAR Lithium Argentina
0.4x45.38%US$325.49m
AOT Ascot Resources
0.3x83.72%US$98.37m
LUC Lucara Diamond
0.3x-93.02%US$78.35m
NIF.UN Noranda Income Fund
0.3xn/aUS$72.05m
NIM is unprofitableIndustry Avg. 1.7xNo. of Companies140PB01.63.24.86.48+
99 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Book vs Industry: NIM has negative equity and a Price-To-Book Ratio (-9.2x) compared to the Canadian Metals and Mining industry average (1.7x).

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 Ratio-9.2x
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?

AnalystConsensusTarget
Consensus Narrative from 2 Analysts
CA$0.65
Fair Value
30.8% undervalued intrinsic discount
2
Number of Analysts

Analyst Forecast: Target price is more than 20% higher than the current share price, but there are not enough analysts covering the stock to determine statistical confidence in agreement.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/06/16 03:49
End of Day Share Price 2025/06/13 00:00
Earnings2025/03/31
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

Nicola Mining Inc. is covered by 1 analysts. 1 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Mark La ReichmanNOBLE Capital Markets, Inc.