TSXV:NIO

Stock Analysis Report

Executive Summary

Niocan Inc., a development stage company, engages in the exploration and development of mineral properties in the province of Quebec, Canada.


Snowflake Analysis

Weak fundamentals or lack of information.

Share Price & News

How has Niocan's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: NIO has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

50.0%

NIO

-6.0%

CA Metals and Mining

-6.2%

CA Market


1 Year Return

8.3%

NIO

2.2%

CA Metals and Mining

-2.0%

CA Market

Return vs Industry: NIO exceeded the Canadian Metals and Mining industry which returned 2.2% over the past year.

Return vs Market: NIO exceeded the Canadian Market which returned -2% over the past year.


Shareholder returns

NIOIndustryMarket
7 Day50.0%-6.0%-6.2%
30 Day-9.3%-1.0%-5.0%
90 Day69.6%4.9%-2.8%
1 Year8.3%8.3%2.9%2.2%1.1%-2.0%
3 Year290.0%290.0%-2.8%-4.5%10.7%0.6%
5 Year95.0%95.0%25.0%21.4%27.6%8.9%

Price Volatility Vs. Market

How volatile is Niocan's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Niocan undervalued compared to its fair value and its price relative to the market?


In this section, we usually try to help investors determine whether Niocan is trading at an attractive price based on the cash flow it is expected to produce in the future. But as Niocan has not provided consistent financial data, and the stock also has no analyst forecast or coverage, its intrinsic value cannot be reliably calculated by extrapolating past data or using analyst consensus cash flow predictions.

This is quite a rare situation as 89% of companies covered by Simply Wall St do have a valuation analysis.


Next Steps

  • Take a look at our analysis of NIO’s management and see if the CEO’s compensation is within a reasonable range, who is on the board and if insiders have been trading lately.
  • When valuing a company like this, investors focus more on how they perceive the potential returns from the core activities, the size of each contract's opportunity, and the capacity of the team. While we are not analysing this type of data at the moment, if you don’t know where to start, we recommend reading through Niocan regulatory filings.
  • Explore potentially undervalued companies in the Materials industry.

Future Growth

How is Niocan forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

15.0%

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 Niocan 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.


Next Steps

Past Performance

How has Niocan performed over the past 5 years?

22.6%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: NIO is currently unprofitable.

Growing Profit Margin: NIO is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: NIO is unprofitable, but has reduced losses over the past 5 years at a rate of 22.6% per year.

Accelerating Growth: Unable to compare NIO's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: NIO is unprofitable, making it difficult to compare its past year earnings growth to the Metals and Mining industry (11.8%).


Return on Equity

High ROE: NIO's liabilities exceed its assets, so it is difficult to calculate its Return on Equity.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is Niocan's financial position?


Financial Position Analysis

Short Term Liabilities: NIO has negative shareholder equity, which is a more serious situation than short term assets not covering short term liabilities.

Long Term Liabilities: NIO has negative shareholder equity, which is a more serious situation than short term assets not covering long term liabilities.


Debt to Equity History and Analysis

Debt Level: NIO has negative shareholder equity, which is a more serious situation than a high debt level.

Reducing Debt: NIO's has negative shareholder equity, so we do not need to check if its debt has reduced over time.


Balance Sheet

Inventory Level: NIO has a high level of physical assets or inventory.

Debt Coverage by Assets: NIO has negative shareholder equity (liabilities exceed assets) therefore debt is not 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: NIO has less than a year of cash runway based on its current free cash flow.

Forecast Cash Runway: NIO has less than a year of cash runway if free cash flow continues to grow at historical rates of 21.3% each year.


Next Steps

Dividend

What is Niocan's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

companyn/amarketbottom25%2.1%markettop25%5.9%industryaverage1.2%forecastin3Yearsn/a

Current dividend yield vs market & industry

Notable Dividend: Unable to evaluate NIO's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.

High Dividend: Unable to evaluate NIO'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 NIO's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if NIO'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 NIO's dividend in 3 years as they are not forecast to pay a notable one for the Canadian market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

7.3yrs

Average board tenure


CEO

Hubert Marleau (75yo)

9.1yrs

Tenure

CA$60,000

Compensation

Mr. Hubert R. Marleau is the Economist and Co-Founder of Palos Management. Mr. Marleau serves as Chairman of Dundee Sustainable Technologies Inc. since November 2019. Mr. Marleau is President, Founder and  ...


CEO Compensation Analysis

Compensation vs Market: Hubert's total compensation ($USD44.90K) is below average for companies of similar size in the Canadian market ($USD157.16K).

Compensation vs Earnings: Hubert's compensation has increased whilst the company is unprofitable.


Board Members

NamePositionTenureCompensationOwnership
Hubert Marleau
Chairman9.1yrsCA$60.00k3.11% CA$157.8k
Guy Charette
Director1.7yrsCA$5.00kno data
Mark Wallace
Independent Director8.5yrsno datano data
Joel Bell
Independent Director7.3yrsCA$10.00kno data
Guy Arbour
Independent Director5.1yrsCA$10.00kno data

7.3yrs

Average Tenure

70yo

Average Age

Experienced Board: NIO's board of directors are considered experienced (7.3 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Niocan Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Niocan Inc.
  • Ticker: NIO
  • Exchange: TSXV
  • Founded: 1995
  • Industry: Diversified Metals and Mining
  • Sector: Materials
  • Market Cap: CA$5.066m
  • Shares outstanding: 25.98m
  • Website: https://www.niocan.com

Location

  • Niocan Inc.
  • 1 Place Ville Marie
  • Suite 1670
  • Montreal
  • Quebec
  • H3B 2B6
  • Canada

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
NIOTSXV (TSX Venture Exchange)YesCommon SharesCACADOct 1999
NIOC.FOTCPK (Pink Sheets LLC)YesCommon SharesUSUSDOct 1999

Biography

Niocan Inc., a development stage company, engages in the exploration and development of mineral properties in the province of Quebec, Canada. The company focuses on financing, developing, and obtaining permits for its 100%-owned Oka mining property with 1 mining lease and 49 claims covering 2,350 acres. It also holds interest in the Great Whale Iron property covering an area of approximately 35,000 acres located on the Hudson Bay territory. The company was founded in 1995 and is headquartered in Montreal, Canada. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/02/28 00:47
End of Day Share Price2020/02/26 00:00
Earnings2019/09/30
Annual Earnings2018/12/31


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.