49 North Resources Inc.

OTCPK:FNIN.F Stock Report

Market Cap: US$2.4m

49 North Resources Valuation

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

Valuation Score

2/6

Valuation Score 2/6

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

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

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


Key Valuation Metric

Which metric is best to use when looking at relative valuation for FNIN.F?

Key metric: As FNIN.F 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 FNIN.F. This is calculated by dividing FNIN.F's market cap by their current book value.
What is FNIN.F's PB Ratio?
PB Ratio0.5x
BookCA$6.34m
Market CapCA$3.33m

Price to Book Ratio vs Peers

How does FNIN.F's PB Ratio compare to its peers?

The above table shows the PB ratio for FNIN.F vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PBEstimated GrowthMarket Cap
Peer Average1.1x
WINS.F Wins Finance Holdings
1.4xn/aUS$4.0m
BKFG BKF Capital Group
1.6xn/aUS$11.7m
NCPL Netcapital
0.04xn/aUS$1.5m
IWSH Wright Investors' Service Holdings
1.2xn/aUS$3.2m
FNIN.F 49 North Resources
0.5xn/aUS$3.3m

Price-To-Book vs Peers: FNIN.F is good value based on its Price-To-Book Ratio (0.5x) compared to the peer average (0.9x).


Price to Book Ratio vs Industry

How does FNIN.F's PB Ratio compare vs other companies in the US Capital Markets Industry?

8 CompaniesPrice / BookEstimated GrowthMarket Cap
AMTD AMTD IDEA Group
0.06xn/aUS$81.25m
JPPY.Y Jupai Holdings
0.009xn/aUS$1.91m
NCPL Netcapital
0.04xn/aUS$1.48m
LGHL Lion Group Holding
0.04xn/aUS$1.35m
FNIN.F 0.5xIndustry Avg. 1.7xNo. of Companies13PB00.61.21.82.43+
8 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Book vs Industry: FNIN.F is good value based on its Price-To-Book Ratio (0.5x) compared to the US Capital Markets industry average (1.6x).


Price to Book Ratio vs Fair Ratio

What is FNIN.F'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.

FNIN.F PB Ratio vs Fair Ratio.
Fair Ratio
Current PB Ratio0.5x
Fair PB Ration/a

Price-To-Book vs Fair Ratio: Insufficient data to calculate FNIN.F'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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