Canada Nickel Company Inc.

DB:4E0 Stock Report

Market Cap: €116.0m

Canada Nickel Valuation

Is 4E0 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

4/6

Valuation Score 4/6

  • 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 4E0 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 4E0 (€0.65) is trading below our estimate of fair value (€7.66)

Significantly Below Fair Value: 4E0 is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 4E0?

Key metric: As 4E0 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 4E0. This is calculated by dividing 4E0's market cap by their current book value.
What is 4E0's PB Ratio?
PB Ratio0.9x
BookCA$201.48m
Market CapCA$172.15m

Price to Book Ratio vs Peers

How does 4E0's PB Ratio compare to its peers?

The above table shows the PB ratio for 4E0 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PBEstimated GrowthMarket Cap
Peer Average27.1x
M0LY Greenland Resources
44.3xn/a€65.8m
W2C IberAmerican Lithium
27.7xn/a€2.0m
EIS Eisen- und Hüttenwerke
2.1xn/a€202.4m
PNX Pasinex Resources
34.3xn/a€1.5m
4E0 Canada Nickel
0.9x18.4%€172.1m

Price-To-Book vs Peers: 4E0 is good value based on its Price-To-Book Ratio (0.9x) compared to the peer average (27.7x).

Price to Book Ratio vs Industry

How does 4E0's PB Ratio compare vs other companies in the European Metals and Mining Industry?

23 CompaniesPrice / BookEstimated GrowthMarket Cap
4E0 0.9xIndustry Avg. 0.9xNo. of Companies28PB00.61.21.82.43+
23 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Book vs Industry: 4E0 is good value based on its Price-To-Book Ratio (0.9x) compared to the European Metals and Mining industry average (0.9x).

Price to Book Ratio vs Fair Ratio

What is 4E0'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.

4E0 PB Ratio vs Fair Ratio.
Fair Ratio
Current PB Ratio0.9x
Fair PB Ration/a

Price-To-Book vs Fair Ratio: Insufficient data to calculate 4E0'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?

The above table shows the analyst 4E0 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€0.65
€2.17
+236.5%
17.7%€2.70€1.69n/a4
Nov ’25€0.66
€2.15
+225.2%
17.7%€2.66€1.66n/a4
Oct ’25€0.75
€2.13
+184.2%
17.7%€2.64€1.65n/a4
Sep ’25€0.63
€2.25
+256.6%
16.1%€2.67€1.67n/a4
Aug ’25€0.71
€2.25
+216.5%
16.1%€2.67€1.67n/a4
Jul ’25€0.82
€2.36
+188.0%
15.2%€2.72€1.70n/a5
Jun ’25€0.93
€2.36
+154.5%
15.2%€2.72€1.70n/a5
May ’25€1.00
€2.37
+137.0%
15.2%€2.72€1.70n/a5
Apr ’25€0.95
€2.36
+148.8%
15.2%€2.71€1.70n/a5
Mar ’25€0.99
€2.37
+138.6%
15.2%€2.73€1.71n/a5
Feb ’25€0.95
€2.38
+150.2%
15.2%€2.74€1.71n/a5
Jan ’25€0.73
€2.40
+227.9%
14.3%€2.77€1.73n/a6
Dec ’24€0.68
€2.40
+253.5%
14.3%€2.77€1.73n/a6
Nov ’24€0.72
€2.40
+234.7%
14.3%€2.77€1.73€0.666
Oct ’24€0.83
€2.71
+224.4%
22.4%€3.59€1.71€0.756
Sep ’24€0.77
€2.79
+262.8%
23.2%€3.60€1.72€0.636
Aug ’24€0.87
€2.79
+220.3%
23.2%€3.60€1.72€0.716
Jul ’24€0.81
€2.82
+246.0%
23.2%€3.64€1.74€0.826
Jun ’24€0.85
€2.80
+230.2%
22.3%€3.59€1.71€0.936
May ’24€0.97
€2.80
+189.5%
23.2%€3.62€1.72€1.006
Apr ’24€1.06
€2.80
+164.6%
23.2%€3.62€1.72€0.956
Mar ’24€1.14
€2.64
+131.7%
22.2%€3.32€1.73€0.995
Feb ’24€1.18
€2.69
+127.6%
29.9%€4.12€1.72€0.956
Jan ’24€1.35
€2.70
+100.3%
29.9%€4.13€1.72€0.736
Dec ’23€1.00
€2.96
+196.0%
28.1%€4.46€1.86€0.686
Nov ’23€1.02
€2.96
+189.9%
28.1%€4.46€1.86€0.726

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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