FPX Nickel Corp. - FPX.V

FPX.V Returns vs S&P 500 ⓘ

ticker	1 day return %	1 week return %	1 month return %	3 months return %	6 months return %	1 year return %	3 years return %	5 years return %	10 years return %	maximum return %
FPX.V	0	6	-13.1	-5.4	-14.5	-24.3	-53.5	89.3	278.6	-70.6
S&P 500	-1.3	-1.9	0.1	5.7	10.7	29.1	24.8	88.0	186.1	33142.5

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Returns Charts ⓘ

Interactive Price Chart

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Real-time Full Quote

Attribute	Value
symbol	FPX.V
name	FPX Nickel Corp.
price	0.265
changes percentage	0
change	0
day low	0.26
day high	0.265
year high	0.4
year low	0.25
market cap	83442140
price avg 50	0.2824
price avg 200	0.3037
exchange	TSXV
volume	21000
avg volume	65696
open	0.265
previous close	0.265
eps	-0.01
pe	-26.5
earnings announcement	2024-11-20T12:00:00.000+0000
shares outstanding	314876000
timestamp	2024-11-15 20:23:41

Financial Statements ⓘ

We derive the score of a company's financial statements by evaluating the weighted average sentiment across key within the statements. The cumulative score, normalized to a sum of 1, serves as a metric for assessing the company's performance during the specified period. A higher score indicates stronger performance. However, it's crucial to note that while this score provides valuable insights, it is just one of many factors to consider when making informed investment decisions. A holistic evaluation, considering various aspects of the company's financial health and market conditions, is essential for a well-rounded investment strategy.

Overall Annual Financial Health: 35.3%

Overall Quarterly Financial Health: 26.0%

Income Statements ⓘ

• Annual Income Statement

Note: The years below are fiscal years in accounting.

	2023	2022	Y/Y change %
0000000000
revenue	0	0	NaN
gross profit	-138982	-88075	-57.80
gross profit ratio	0	0	NaN
research and development expenses	208022	82.62	251678.60
operating expenses	5533996	3765263	46.98
interest income	1234735	161760	663.31
interest expense	34201	14992	128.13
ebitda	-4273571	-3608343	-18.44
ebitdaratio	0	0	NaN
operating income	-5672978	-3691578	-53.67
operating income ratio	0	0	NaN
net income	-4340443	-3640941	-19.21
net income ratio	0	0	NaN
eps	-0.02	-0.02	0.60

Overall Score of Annual Income Statement

None

Detailed Analysis

• Quarterly Income Statement

Note: The years below are fiscal years in accounting.

	2024Q2	2024Q1	Q/Q change %
0000000000
revenue	0	0	NaN
gross profit	-68938	-44741	-54.08
gross profit ratio	0	0	NaN
research and development expenses	0	853	-100.00
operating expenses	970041	991213	-2.14
interest income	555159	495213	12.11
interest expense	7467	6424	16.24
ebitda	-377461	-468140	19.37
ebitdaratio	0	0	NaN
operating income	-1038979	-1035949	-0.29
operating income ratio	0	0	NaN
net income	-437345	-493664	11.41
net income ratio	0	0	NaN
eps	-0.0	-0.0	12.50

Overall Score of Quarterly Income Statement

0.33 out of 1

Detailed Analysis

• 📉 Negative Indicators

  Gross Profit: Gross Profit decreased to 0 million in 2024Q2 from 0 million in 2024Q1 representing a change of -54.08%. This indicates a sales profitability decline, which is a negative sign for the company.

  Research and Development (R&D) Expenses: R&D Expenses decreased to 0 million in 2024Q2 from 0 million in 2024Q1 representing a change of -100.0%. This shows that the company decreased investment in innovation and product development, which is not a good sign for long-term growth.

  EBITDA: EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) decreased to 0 million in 2024Q2 from 0 million in 2024Q1 representing a change of 19.37%. The decrease in EBITDA indicates declined operational efficiency and profitability.

  Net Income: Net income decreased to 0 million in 2024Q2 from 0 million in 2024Q1 representing a change of 11.41%. The decrease in net income shows worsen profitability and indicates that the company is generating less profit for each dollar of revenue.

• 📈 Positive Indicators

  Operating Expenses: Operating Expenses decreased to 1 million in 2024Q2 from 1 million in 2024Q1 representing a change of -2.14%. The decrease in operating expenses can be attributed to various factors such as improved profitability, cost optimization and financial stability, lower operating expenses can be positive indicators.

  Operating Income: Operating income increased to -1 million in 2024Q2 from -1 million in 2024Q1 representing a change of -0.29%. The increase in operating income indicates better operational performance and increased profitability.

Balance Sheets ⓘ

• Annual Balance Sheet

Note: The years below are fiscal years in accounting.

	2023	2022	Y/Y change %
0000000000
total assets	59893202	42266798	41.70
total liabilities	2327600	718431	223.98
total equity	57565602	41548367	38.55
cash and cash equivalents	28919936	18016082	60.52
short term investments	0	0	NaN
long term investments	188092	157970	19.07
total current assets	29772853	20492404	45.29
total non current assets	30120349	21774394	38.33
total current liabilities	1117564	654490	70.75
total non current liabilities	1210036	63941	1792.43
common stock	93905009	75319412	24.68
retained earnings	-50212807	-45872364	-9.46
total debt	269444	154070	74.88

Overall Score of Annual Balance Sheet

0.56 out of 1

Detailed Analysis

• 📈 Positive Indicators

  Total Assets: Total Assets increased to 60 million in 2023 from 42 million in 2022 representing a change of 41.7%. Suggesting a growth in asset holdings.

  Total Equity: Total Equity increased to 58 million in 2023 from 42 million in 2022 representing a change of 38.55%. This indicates an increase in shareholders' equity.

  Cash And Cash Equivalents: Cash And Cash Equivalents increased to 29 million in 2023 from 18 million in 2022 representing a change of 60.52%. This indicates an increase in available liquid assets.

  Total Current Assets: Total Current Assets increased to 30 million in 2023 from 20 million in 2022 representing a change of 45.29%. This indicates a better liquidity position.

  Common Stock: Common Stock increased to 94 in 2023 from 75 in 2022 representing a change of 24.68%. This indicates an increase in ownership interest.

• 📉 Negative Indicators

  Total Liabilities: Total Liabilities increased to 2 million in 2023 from 1 million in 2022 representing a change of 223.98%. This indicates an increase in overall liabilities.

  Total Current Liabilities: Total Current Liabilities increased to 1 million in 2023 from 1 million in 2022 representing a change of 70.75%. This indicates a higher short-term debt burden.

  Retained Earnings: Retained Earnings decreased to -50 million in 2023 from -46 million in 2022 representing a change of -9.46%. This indicates an accumulated losses.

  Total Debt: Total Debt increased to 0 million in 2023 from 0 million in 2022 representing a change of 74.88%. This indicates an increase in overall debt burden.

• Quarterly Balance Sheet

Note: The years below are fiscal years in accounting.

	2024Q2	2024Q1	Q/Q change %
0000000000
total assets	78954131	78199889	0.96
total liabilities	4155049	2946941	41.00
total equity	74799082	75252948	-0.60
cash and cash equivalents	43297303	45040572	-3.87
short term investments	0	0	NaN
long term investments	189366	188092	0.68
total current assets	44039877	46536609	-5.37
total non current assets	34914254	31663280	10.27
total current liabilities	2834797	1729500	63.91
total non current liabilities	1320252	1217440	8.44
common stock	112531661	112531661	0.00
retained earnings	-51143816	-50706471	-0.86
total debt	322606	231822	39.16

Overall Score of Quarterly Balance Sheet

0.12 out of 1

Detailed Analysis

• 📈 Positive Indicators

  Total Assets: Total Assets increased to 79 million in 2024Q2 from 78 million in 2024Q1 representing a change of 0.96%. Suggesting a growth in asset holdings.

• 📉 Negative Indicators

  Total Liabilities: Total Liabilities increased to 4 million in 2024Q2 from 3 million in 2024Q1 representing a change of 41.0%. This indicates an increase in overall liabilities.

  Total Equity: Total Equity decreased to 75 million in 2024Q2 from 75 million in 2024Q1 representing a change of -0.6%. This indicates a decrease in shareholders' equity.

  Cash And Cash Equivalents: Cash And Cash Equivalents decreased to 43 million in 2024Q2 from 45 million in 2024Q1 representing a change of -3.87%. This indicates a decrease in available liquid assets.

  Total Current Assets: Total Current Assets decreased to 44 million in 2024Q2 from 47 million in 2024Q1 representing a change of -5.37%. This indicates a worsen liquidity position.

  Total Current Liabilities: Total Current Liabilities increased to 3 million in 2024Q2 from 2 million in 2024Q1 representing a change of 63.91%. This indicates a higher short-term debt burden.

  Retained Earnings: Retained Earnings decreased to -51 million in 2024Q2 from -51 million in 2024Q1 representing a change of -0.86%. This indicates an accumulated losses.

  Total Debt: Total Debt increased to 0 million in 2024Q2 from 0 million in 2024Q1 representing a change of 39.16%. This indicates an increase in overall debt burden.

Cashflow Statements ⓘ

• Annual Cashflow Statement

Note: The years below are fiscal years in accounting.

	2023	2022	Y/Y change %
0000000000
net change in cash	10903854	3481058	213.23
operating cash flow	-1970122	-3217222	38.76
free cash flow	-2166507	-10535031	79.44
capital expenditure	-196385	-7317809	97.32
depreciation and amortization	138982	88075	57.80
deferred income tax	-1429	-2376060	99.94
stock based compensation	2172637	1367091	58.92
accounts payables	0	189328	-100.00
inventory	0	908124	-100.00
acquisitions net	0	0	NaN
investments in property plant and equipment	-196385	-7317809	97.32
net cash used for investing activites	-6393556	-7342182	12.92
debt repayment	0	0	NaN
common stock issued	18030710	12000000	50.26
common stock repurchased	0	0	NaN
dividends paid	0	0	NaN
net cash used provided by financing activities	19267532	14040462	37.23
cash at end of period	28919936	18016082	60.52
accounts receivables	83323	-908124	109.18
cash at beginning of period	18016082	14535024	23.95

Overall Score of Annual Cashflow Statement

0.5 out of 1

Detailed Analysis

• 📈 Positive Indicators

  Net Change in Cash: Net Change in Cash increased to 11 million in 2023 from 3 million in 2022 representing a change of 213.23%. Indicating an increased ability to generate cash from the company's operations or its cash flow position.

  Operating Cash Flow: Operating Cash Flow increased to -2 million in 2023 from -3 million in 2022 representing a change of 38.76%. This indicates that the company generated more cash from its core business operations.

  Free Cash Flow: Free Cash Flow increased to -2 million in 2023 from -11 million in 2022 representing a change of 79.44%. This indicates an increase in cash generated after accounting for capital expenditures.

  Accounts Payables: The absolute value of Accounts Payables decreased to 0 million in 2023 from 0 million in 2022 representing a change of -100.0%. This indicates that the company has reduced its outstanding obligations to its suppliers.

• 📉 Negative Indicators

  Capital Expenditure: Capital Expenditure increased to 0 million in 2023 from -7 million in 2022 representing a change of 97.32%. This indicates an increase in the cash outflow required for acquiring or improving long-term assets.

  Deferred Income Tax: Deferred Income Tax increased to 0 million in 2023 from -2 million in 2022 representing a change of 99.94%. This indicates that the company's tax liability for future periods has increased.

  Stock-Based Compensation: Stock-Based Compensation increased to 2 million in 2023 from 1 million in 2022 representing a change of 58.92%. This indicates increased expenses, which is generally considered a negative sign from a financial perspective.

  Accounts Receivables: Accounts Receivables increased to 0 in 2023 from -1 million in 2022 representing a change of 109.18%. This suggests that the company is less capable of collecting payments from its customers.

• Quarterly Cashflow Statement

Note: The years below are fiscal years in accounting.

	2024Q2	2024Q1	Q/Q change %
0000000000
operating cash flow	-244083	-362621	32.69
free cash flow	-244083	-2041970	88.05
capital expenditure	0	-1679349	100.00
depreciation and amortization	68938	44741	54.08
deferred income tax	0	0	NaN
stock based compensation	184805	107634	71.70
accounts receivables	-27261	-139412	80.45
accounts payables	0	0	NaN
inventory	0	0	NaN
acquisitions net	0	0	NaN
investments in property plant and equipment	0	-1679349	100.00
net cash used for investing activites	-1442376	-1679349	14.11
debt repayment	-56810	0	NaN
common stock issued	-794848	18761500	-104.24
common stock repurchased	0	0	NaN
dividends paid	0	0	NaN
net cash used provided by financing activities	-56810	18162606	-100.31
net change in cash	-1743269	16120636	-110.81
cash at end of period	43297303	45040572	-3.87
cash at beginning of period	45040572	28919936	55.74

Overall Score of Quarterly Cashflow Statement

0.33 out of 1

Detailed Analysis

• 📉 Negative Indicators

  Net Change in Cash: Net Change in Cash decreased to -2 million in 2024Q2 from 16 million in 2024Q1 representing a change of -110.81%. Indicating a declined ability to generate cash from the company's operations or its cash flow position.

  Capital Expenditure: Capital Expenditure increased to 0 million in 2024Q2 from -2 million in 2024Q1 representing a change of 100.0%. This indicates an increase in the cash outflow required for acquiring or improving long-term assets.

  Stock-Based Compensation: Stock-Based Compensation increased to 0 million in 2024Q2 from 0 million in 2024Q1 representing a change of 71.7%. This indicates increased expenses, which is generally considered a negative sign from a financial perspective.

  Accounts Receivables: Accounts Receivables increased to 0 in 2024Q2 from 0 million in 2024Q1 representing a change of 80.45%. This suggests that the company is less capable of collecting payments from its customers.

• 📈 Positive Indicators

  Operating Cash Flow: Operating Cash Flow increased to 0 million in 2024Q2 from 0 million in 2024Q1 representing a change of 32.69%. This indicates that the company generated more cash from its core business operations.

  Free Cash Flow: Free Cash Flow increased to 0 million in 2024Q2 from -2 million in 2024Q1 representing a change of 88.05%. This indicates an increase in cash generated after accounting for capital expenditures.

Earnings Transcripts ⓘ

No earnings transcripts available.

Earnings Per Share (EPS) ⓘ

Analyst Stock Recommendations ⓘ

Discover detailed analyst recommendations for stocks, including categories such as Buy, Hold, Sell, Strong Buy, and Strong Sell. These insights are based on thorough analysis of financial and market factors. The consensus is calculated by assigning a numerical score to each recommendation. These scores are then weighted and averaged over a specified period to provide a comprehensive view of the stock's outlook, with the final score determining the overall consensus.

Financial Ratios ⓘ

• Annual Financial Ratios

	2023-12-31	2022-12-31	Y/Y change %
FY
calendar year	2023	2022	NaN
revenue per share	0	0	NaN
net income per share	-0.02	-0.02	0.68
operating cash flow per share	-0.01	-0.01	48.98
free cash flow per share	-0.01	-0.05	82.87
cash per share	0.11	0.08	33.74
book value per share	0.22	0.19	15.43
tangible book value per share	0.22	0.19	15.43
shareholders equity per share	0.21	0.18	16.93
interest debt per share	0.0	0.0	90.06
market cap	74461095	93599184.03	-20.45
enterprise value	45810603	75737172.03	-39.51
pe ratio	-17.16	-25.71	33.27
price to sales ratio	0	0	NaN
pocfratio	-37.8	-29.09	-29.91
pfcf ratio	-34.37	-8.88	-286.84
pb ratio	1.33	2.34	-43.32
ptb ratio	1.33	2.34	-43.32
ev to sales	0	0	NaN
enterprise value over ebitda	-10.72	-20.99	48.93
ev to operating cash flow	-23.25	-23.54	1.23
ev to free cash flow	-21.14	-7.19	-194.13
earnings yield	-0.06	-0.04	-49.85
free cash flow yield	-0.03	-0.11	74.15
debt to equity	0	0	NaN
debt to assets	0	0	NaN
net debt to ebitda	6.7	4.95	35.43
current ratio	26.64	31.31	-14.91
interest coverage	-165.87	-246.24	32.64
income quality	0.44	0.87	-48.89
dividend yield	0	0	NaN
payout ratio	0	0	NaN
sales general and administrative to revenue	0	0	NaN
research and ddevelopement to revenue	0	0	NaN
intangibles to total assets	0	0	NaN
capex to operating cash flow	-0.1	-2.27	95.62
capex to revenue	0	0	NaN
capex to depreciation	1.41	83.09	-98.30
stock based compensation to revenue	0	0	NaN
graham number	0.28	0.26	7.77
roic	-0.1	-0.09	-11.61
return on tangible assets	-0.07	-0.09	15.87
graham net net	0.1	0.09	19.34
working capital	28655289	19837914	44.45
tangible asset value	57565602	41548367	38.55
net current asset value	27445253	19773973	38.79
invested capital	58587546	41454338	41.33
average receivables	1461759	1742926	-16.13
average payables	259918.15	476023.5	-45.40
average inventory	0	0	NaN
days sales outstanding	0	0	NaN
days payables outstanding	2.52	2150.32	-99.88
days of inventory on hand	0	0	NaN
receivables turnover	0	0	NaN
payables turnover	144.58	0.17	85075.32
inventory turnover	0	0	NaN
roe	-0.08	-0.09	15.06
capex per share	0.0	0.03	-97.76

• Negative

  ROE: Return on Equity (ROE) increased to -0.08 on 2023-12-31 from -0.09 on 2022-12-31, representing a change of 15.06%. However, ROE is <= 5%, suggesting that the company has not been generating high returns for its shareholders.

  Current Ratio: Current Ratio decreased to 26.64 on 2023-12-31 from 31.31 on 2022-12-31, representing a change of -14.91%. The current ratio has been declining, suggesting a decrease in the company's short-term liquidity. Since it's above 3, indicating poor management of working capital.

• Positive

  PE Ratio: Price-to-Earnings (P/E) Ratio increased to -17.16 on 2023-12-31 from -25.71 on 2022-12-31, representing a change of 33.27%. Indicating an increase in the relative valuation of the company's stock.

• Quarterly Financial Ratios

	2024-06-30 Q2	2024-03-31 Q1	Q/Q change %
FPX.V
calendar year	2024	2024	NaN
revenue per share	0	0	NaN
net income per share	-0.0	-0.0	14.71
operating cash flow per share	-0.0	-0.0	35.20
free cash flow per share	-0.0	-0.01	88.49
cash per share	0.14	0.15	-7.46
book value per share	0.24	0.25	-4.31
tangible book value per share	0.24	0.25	-4.31
shareholders equity per share	0.23	0.24	-4.30
interest debt per share	0.0	0.0	11.90
market cap	94462693.8	93968524.94	0.53
enterprise value	51487996.8	49159774.94	4.74
pe ratio	-54.0	-47.59	-13.47
price to sales ratio	0	0	NaN
pocfratio	-387.01	-259.14	-49.35
pfcf ratio	-387.01	-46.02	-740.99
pb ratio	1.29	1.27	1.13
ptb ratio	1.29	1.27	1.13
ev to sales	0	0	NaN
enterprise value over ebitda	-136.41	-105.01	-29.90
ev to operating cash flow	-210.94	-135.57	-55.60
ev to free cash flow	-210.94	-24.07	-776.21
earnings yield	-0.0	-0.01	11.87
free cash flow yield	-0.0	-0.02	88.11
debt to equity	0	0	NaN
debt to assets	0	0	NaN
net debt to ebitda	113.85	95.72	18.95
current ratio	15.54	26.91	-42.26
interest coverage	-139.14	-161.26	13.72
income quality	0.54	0.73	-26.79
dividend yield	0	0	NaN
payout ratio	0	0	NaN
sales general and administrative to revenue	0	0	NaN
research and ddevelopement to revenue	0	0	NaN
intangibles to total assets	0	0	NaN
capex to operating cash flow	0	-4.63	100.00
capex to revenue	0	0	NaN
capex to depreciation	0	37.53	-100.00
stock based compensation to revenue	0	0	NaN
graham number	0.09	0.09	-9.66
roic	-0.01	-0.01	-6.13
return on tangible assets	-0.01	-0.01	12.25
graham net net	0.13	0.14	-11.96
working capital	41205080	44807109	-8.04
tangible asset value	74799082	75252948	-0.60
net current asset value	39884828	43589668	-8.50
invested capital	41654998	45185838	-7.81
average receivables	833353	1023535.5	-18.58
average payables	725642	726122.65	-0.07
average inventory	0	0	NaN
days sales outstanding	0	0	NaN
days payables outstanding	0	2919.37	-100.00
days of inventory on hand	0	0	NaN
receivables turnover	0	0	NaN
payables turnover	0	0.03	-100.00
inventory turnover	0	0	NaN
roe	-0.01	-0.01	10.88
capex per share	0	0.01	-100.00

• Negative

  ROE: Return on Equity (ROE) decreased to -0.01 on 2024-06-30 Q2 from -0.01 on 2024-03-31 Q1, representing a change of 10.88%. Suggesting that the company has not been generating high returns for its shareholders.

  PE Ratio: Price-to-Earnings (P/E) Ratio decreased to -54.00 on 2024-06-30 Q2 from -47.59 on 2024-03-31 Q1, representing a change of -13.47%. Indicating a decrease in the relative valuation of the company's stock.

  Current Ratio: Current Ratio decreased to 15.54 on 2024-06-30 Q2 from 26.91 on 2024-03-31 Q1, representing a change of -42.26%. The current ratio has been declining, suggesting a decrease in the company's short-term liquidity. Since it's above 3, indicating poor management of working capital.

Growth Rates ⓘ

• Annual Growth

• Quarterly Growth

Intrinsic Value (Discounted Cash Flow) ⓘ

Negative Sentiment: Discounted Cash Flow value is 0.11 which is lower than current price 0.27, indicates the company may be overvalued.