FPX Nickel Corp.

OTCPK:FPOC.F Stock Report

Market Cap: US$57.4m

FPX Nickel Valuation

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

Below Fair Value: FPOC.F ($0.18) is trading below our estimate of fair value ($40.12)

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

Key Valuation Metric

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

Key metric: As FPOC.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 FPOC.F. This is calculated by dividing FPOC.F's market cap by their current book value.
What is FPOC.F's PB Ratio?
PB Ratio1.1x
BookCA$73.33m
Market CapCA$80.29m

Price to Book Ratio vs Peers

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

The above table shows the PB ratio for FPOC.F vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PBEstimated GrowthMarket Cap
Peer Average11.4x
NB NioCorp Developments
24.8xn/aUS$59.1m
ABAT American Battery Technology
1.1xn/aUS$66.3m
KMCM Key Mining
7.9xn/aUS$53.4m
PNRL.F Premium Resources
11.6xn/aUS$64.1m
FPOC.F FPX Nickel
1.1xn/aUS$80.3m

Price-To-Book vs Peers: FPOC.F is good value based on its Price-To-Book Ratio (1.1x) compared to the peer average (11.4x).

Price to Book Ratio vs Industry

How does FPOC.F's PB Ratio compare vs other companies in the US Metals and Mining Industry?

8 CompaniesPrice / BookEstimated GrowthMarket Cap
NEVD.Q Nevada Copper
0.1xn/aUS$26.02m
VITF.F Victoria Gold
0.06xn/aUS$23.43m
BMXI Brookmount Explorations
0.1xn/aUS$5.00m
LITM Snow Lake Resources
0.2xn/aUS$4.27m
FPOC.F 1.1xIndustry Avg. 1.7xNo. of Companies16PB012345+
8 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Book vs Industry: FPOC.F is good value based on its Price-To-Book Ratio (1.1x) compared to the US Metals and Mining industry average (1.7x).

Price to Book Ratio vs Fair Ratio

What is FPOC.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.

FPOC.F PB Ratio vs Fair Ratio.
Fair Ratio
Current PB Ratio1.1x
Fair PB Ration/a

Price-To-Book vs Fair Ratio: Insufficient data to calculate FPOC.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?

The above table shows the analyst FPOC.F forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUS$0.18
US$0.83
+363.6%
14.4%US$0.95US$0.71n/a2
Nov ’25US$0.20
US$0.84
+323.8%
14.2%US$0.95US$0.72n/a2
Oct ’25US$0.21
US$0.85
+302.9%
12.9%US$0.95US$0.74n/a2
Sep ’25US$0.19
US$0.84
+344.5%
13.1%US$0.95US$0.73n/a2
Aug ’25US$0.22
US$0.84
+283.9%
13.1%US$0.95US$0.73n/a2
Apr ’25US$0.22
US$0.85
+282.3%
13.0%US$0.96US$0.74n/a2
Mar ’25US$0.24
US$0.85
+253.6%
13.1%US$0.96US$0.74n/a2
Feb ’25US$0.25
US$0.85
+241.6%
12.8%US$0.96US$0.74n/a2
Jan ’25US$0.22
US$0.85
+286.5%
13.6%US$0.96US$0.73n/a2
Dec ’24US$0.26
US$0.85
+232.4%
13.6%US$0.96US$0.73n/a2
Nov ’24US$0.24
US$0.85
+248.0%
13.6%US$0.96US$0.73US$0.202
Oct ’24US$0.33
US$0.85
+157.6%
13.0%US$0.96US$0.74US$0.212
Jul ’24US$0.36
US$0.81
+125.8%
7.7%US$0.90US$0.75US$0.203
Jun ’24US$0.38
US$0.81
+113.8%
8.0%US$0.90US$0.74US$0.233
May ’24US$0.34
US$0.81
+141.9%
8.0%US$0.90US$0.74US$0.243
Apr ’24US$0.34
US$0.81
+138.6%
8.8%US$0.90US$0.73US$0.223
Mar ’24US$0.34
US$0.81
+140.1%
7.6%US$0.90US$0.75US$0.243
Feb ’24US$0.32
US$0.81
+154.3%
7.6%US$0.90US$0.75US$0.253
Jan ’24US$0.32
US$0.81
+154.7%
8.8%US$0.88US$0.74US$0.222
Dec ’23US$0.35
US$0.81
+131.2%
8.8%US$0.88US$0.74US$0.262
Nov ’23US$0.31
US$0.82
+168.0%
7.4%US$0.88US$0.76US$0.242

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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