Giga Metals Corporation - HNCKF

HNCKF 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 %
HNCKF	0	14.1	3.0	-4.2	-13.2	-34.5	-19.7	16.2	4.5	4.5
S&P 500	0.9	0.9	2.0	3.4	8.7	24.7	37.2	82.1	193.2	34153.9

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Returns Charts ⓘ

Interactive Price Chart

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Real-time Full Quote

Attribute	Value
symbol	HNCKF
name	Giga Metals Corporation
price	0.186
changes percentage	3.0471
change	0.0055
day low	0.18285
day high	0.188
year high	0.35
year low	0.161
market cap	19261787
price avg 50	0.18604
price avg 200	0.21029
exchange	PNK
volume	59492
avg volume	39624
open	0.1834
previous close	0.1805
eps	-0.02
pe	-9.3
earnings announcement	2023-08-22T00:00:00.000+0000
shares outstanding	103557997
timestamp	2023-07-21 19:09:47

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: 60.0%

Overall Quarterly Financial Health: 52.7%

Income Statements ⓘ

• Annual Income Statement

Note: The years below are fiscal years in accounting.

	2022	2021	Y/Y change %
0001336364
revenue	0	0	NaN
gross profit	-105368	-98676	-6.78
gross profit ratio	0	0	NaN
research and development expenses	0	0	NaN
operating expenses	2678959	3021273	-11.33
interest income	70380	16694	321.59
interest expense	14777	21045	-29.78
ebitda	-2563035	-2618438	2.12
ebitdaratio	0	0	NaN
operating income	-2668403	-2717114	1.79
operating income ratio	0	0	NaN
net income	-3030996	-3145345	3.64
net income ratio	0	0	NaN
eps	-0.03	-0.04	19.28

Overall Score of Annual Income Statement

0.33 out of 1

Detailed Analysis

• 📉 Negative Indicators

  Gross Profit: Gross Profit decreased to 0 million in 2022 from 0 million in 2021 representing a change of -6.78%. This indicates a sales profitability decline, which is a negative sign for the company.

  EBITDA: EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) decreased to -3 million in 2022 from -3 million in 2021 representing a change of 2.12%. The decrease in EBITDA indicates declined operational efficiency and profitability.

  Operating Income: Operating income decreased to -3 million in 2022 from -3 million in 2021 representing a change of 1.79%. The decrease in operating income indicates worse operational performance and decreased profitability.

  Net Income: Net income decreased to -3 million in 2022 from -3 million in 2021 representing a change of 3.64%. 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 3 million in 2022 from 3 million in 2021 representing a change of -11.33%. 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.

  Earnings per Share (EPS): EPS increased to -0.03 in 2022 from -0.03 in 2021 representing a change of 19.28%. This indicates that the company's earnings are increasing and it is becoming more profitable on a per-share basis.

• Quarterly Income Statement

Note: The years below are fiscal years in accounting.

	2023Q2	2023Q1	Q/Q change %
0001336364
revenue	0	0	NaN
gross profit	-27508	-27465	-0.16
gross profit ratio	0	0	NaN
research and development expenses	0	0	NaN
operating expenses	495170	508884	-2.69
interest income	37480	47963	-21.86
interest expense	7887	8539	-7.64
ebitda	-450653	-449368	-0.29
ebitdaratio	0	0	NaN
operating income	-478161	-476833	-0.28
operating income ratio	0	0	NaN
net income	-486762	-499919	2.63
net income ratio	0	0	NaN
eps	-0.01	-0.01	1.96

Overall Score of Quarterly Income Statement

0.6 out of 1

Detailed Analysis

• 📉 Negative Indicators

  Gross Profit: Gross Profit decreased to 0 million in 2023Q2 from 0 million in 2023Q1 representing a change of -0.16%. This indicates a sales profitability decline, which is a negative sign for the company.

  Net Income: Net income decreased to 0 million in 2023Q2 from 0 million in 2023Q1 representing a change of 2.63%. 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 0 million in 2023Q2 from 1 million in 2023Q1 representing a change of -2.69%. 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.

  EBITDA: EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) increased to 0 million in 2023Q2 from 0 million in 2023Q1 representing a change of -0.29%. The increase in EBITDA indicates improved operational efficiency and profitability.

  Operating Income: Operating income increased to 0 million in 2023Q2 from 0 million in 2023Q1 representing a change of -0.28%. 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.

	2022	2021	Y/Y change %
0001336364
total assets	25239930	14985639	68.43
total liabilities	1370049	935437	46.46
total equity	23869881	14050202	69.89
cash and cash equivalents	7234134	1493365	384.42
short term investments	0	0	NaN
long term investments	0	0	NaN
total current assets	7494109	1933226	287.65
total non current assets	17745821	13052413	35.96
total current liabilities	705568	442932	59.29
total non current liabilities	664481	492505	34.92
common stock	68642773	65238663	5.22
retained earnings	-58973630	-60752641	2.93
total debt	271828	169212	60.64

Overall Score of Annual Balance Sheet

0.67 out of 1

Detailed Analysis

• 📈 Positive Indicators

  Total Assets: Total Assets increased to 25 million in 2022 from 15 million in 2021 representing a change of 68.43%. Suggesting a growth in asset holdings.

  Total Equity: Total Equity increased to 24 million in 2022 from 14 million in 2021 representing a change of 69.89%. This indicates an increase in shareholders' equity.

  Cash And Cash Equivalents: Cash And Cash Equivalents increased to 7 million in 2022 from 1 million in 2021 representing a change of 384.42%. This indicates an increase in available liquid assets.

  Total Current Assets: Total Current Assets increased to 7 million in 2022 from 2 million in 2021 representing a change of 287.65%. This indicates a better liquidity position.

  Common Stock: Common Stock increased to 69 in 2022 from 65 in 2021 representing a change of 5.22%. This indicates an increase in ownership interest.

  Retained Earnings: Retained Earnings increased to -59 million in 2022 from -61 million in 2021 representing a change of 2.93%. This indicates an accumulated profits.

• 📉 Negative Indicators

  Total Liabilities: Total Liabilities increased to 1 million in 2022 from 1 million in 2021 representing a change of 46.46%. This indicates an increase in overall liabilities.

  Total Current Liabilities: Total Current Liabilities increased to 1 million in 2022 from 0 million in 2021 representing a change of 59.29%. This indicates a higher short-term debt burden.

  Total Debt: Total Debt increased to 0 million in 2022 from 0 million in 2021 representing a change of 60.64%. This indicates an increase in overall debt burden.

• Quarterly Balance Sheet

Note: The years below are fiscal years in accounting.

	2023Q2	2023Q1	Q/Q change %
0001336364
total assets	24217563	24699984	-1.95
total liabilities	1095377	1195686	-8.39
total equity	23122186	23504298	-1.63
cash and cash equivalents	3523781	5889377	-40.17
short term investments	0	0	NaN
long term investments	0	0	NaN
total current assets	3781118	6194183	-38.96
total non current assets	20436445	18505801	10.43
total current liabilities	483507	557027	-13.20
total non current liabilities	611870	638659	-4.19
common stock	68642773	68642773	0.00
retained earnings	-59954697	-59467935	-0.82
total debt	228214	251176	-9.14

Overall Score of Quarterly Balance Sheet

0.38 out of 1

Detailed Analysis

• 📉 Negative Indicators

  Total Assets: Total Assets decreased to 24 million in 2023Q2 from 25 million in 2023Q1 representing a change of -1.95%. Suggesting a decrease in asset holdings.

  Total Equity: Total Equity decreased to 23 million in 2023Q2 from 24 million in 2023Q1 representing a change of -1.63%. This indicates a decrease in shareholders' equity.

  Cash And Cash Equivalents: Cash And Cash Equivalents decreased to 4 million in 2023Q2 from 6 million in 2023Q1 representing a change of -40.17%. This indicates a decrease in available liquid assets.

  Total Current Assets: Total Current Assets decreased to 4 million in 2023Q2 from 6 million in 2023Q1 representing a change of -38.96%. This indicates a worsen liquidity position.

  Retained Earnings: Retained Earnings decreased to -60 million in 2023Q2 from -59 million in 2023Q1 representing a change of -0.82%. This indicates an accumulated losses.

• 📈 Positive Indicators

  Total Liabilities: Total Liabilities decreased to 1 million in 2023Q2 from 1 million in 2023Q1 representing a change of -8.39%. This indicates a decrease in overall liabilities.

  Total Current Liabilities: Total Current Liabilities decreased to 0 million in 2023Q2 from 1 million in 2023Q1 representing a change of -13.2%. This indicates a lower short-term debt burden.

  Total Debt: Total Debt decreased to 0 million in 2023Q2 from 0 million in 2023Q1 representing a change of -9.14%. This indicates a reduction in overall debt burden.

Cashflow Statements ⓘ

• Annual Cashflow Statement

Note: The years below are fiscal years in accounting.

	2022	2021	Y/Y change %
0001336364
net change in cash	5740769	-2269615	352.94
operating cash flow	-1558331	-1826065	14.66
free cash flow	-1562482	-8326107	81.23
capital expenditure	-4151	-6500042	99.94
depreciation and amortization	105368	98676	6.78
deferred income tax	0	0	NaN
stock based compensation	1029860	1289383	-20.13
accounts payables	0	0	NaN
inventory	0	0	NaN
acquisitions net	0	0	NaN
investments in property plant and equipment	-4151	-6500042	99.94
net cash used for investing activites	-4236268	-6622584	36.03
debt repayment	0	0	NaN
common stock issued	4164488	7042528	-40.87
common stock repurchased	0	0	NaN
dividends paid	0	0	NaN
net cash used provided by financing activities	11535368	6179034	86.69
cash at end of period	7234134	1493365	384.42
accounts receivables	0	0	NaN
cash at beginning of period	1493365	3762980	-60.31

Overall Score of Annual Cashflow Statement

0.8 out of 1

Detailed Analysis

• 📈 Positive Indicators

  Net Change in Cash: Net Change in Cash increased to 6 million in 2022 from -2 million in 2021 representing a change of 352.94%. 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 2022 from -2 million in 2021 representing a change of 14.66%. This indicates that the company generated more cash from its core business operations.

  Free Cash Flow: Free Cash Flow increased to -2 million in 2022 from -8 million in 2021 representing a change of 81.23%. This indicates an increase in cash generated after accounting for capital expenditures.

  Stock-Based Compensation: Stock-Based Compensation decreased to 1 million in 2022 from 1 million in 2021 representing a change of -20.13%. This indicates decreased expenses, which is generally considered a positive sign from a financial perspective.

• 📉 Negative Indicators

  Capital Expenditure: Capital Expenditure increased to 0 million in 2022 from -7 million in 2021 representing a change of 99.94%. This indicates an increase in the cash outflow required for acquiring or improving long-term assets.

• Quarterly Cashflow Statement

Note: The years below are fiscal years in accounting.

	2023Q2	2023Q1	Q/Q change %
0001336364
operating cash flow	-318276	-360440	11.70
free cash flow	-2342634	-1324105	-76.92
capital expenditure	-2024358	-963665	-110.07
depreciation and amortization	27508	27465	0.16
deferred income tax	0	0	NaN
stock based compensation	102801	124251	-17.26
accounts receivables	0	0	NaN
accounts payables	0	0	NaN
inventory	0	0	NaN
acquisitions net	0	0	NaN
investments in property plant and equipment	-2024358	-963665	-110.07
net cash used for investing activites	-2024358	-963665	-110.07
debt repayment	0	0	NaN
common stock issued	0	0	NaN
common stock repurchased	0	0	NaN
dividends paid	0	0	NaN
net cash used provided by financing activities	-22962	-20652	-11.19
net change in cash	-2365596	-1344757	-75.91
cash at end of period	3523781	5889377	-40.17
cash at beginning of period	5889377	7234134	-18.59

Overall Score of Quarterly Cashflow Statement

0.6 out of 1

Detailed Analysis

• 📉 Negative Indicators

  Net Change in Cash: Net Change in Cash decreased to -2 million in 2023Q2 from -1 million in 2023Q1 representing a change of -75.91%. Indicating a declined ability to generate cash from the company's operations or its cash flow position.

  Free Cash Flow: Free Cash Flow decreased to -2 million in 2023Q2 from -1 million in 2023Q1 representing a change of -76.92%. This indicates a decrease in cash generated after accounting for capital expenditures.

• 📈 Positive Indicators

  Operating Cash Flow: Operating Cash Flow increased to 0 million in 2023Q2 from 0 million in 2023Q1 representing a change of 11.7%. This indicates that the company generated more cash from its core business operations.

  Capital Expenditure: Capital Expenditure decreased to -2 million in 2023Q2 from -1 million in 2023Q1 representing a change of -110.07%. This indicates a possible improved efficiency or a shift in the company's strategic priorities.

  Stock-Based Compensation: Stock-Based Compensation decreased to 0 million in 2023Q2 from 0 million in 2023Q1 representing a change of -17.26%. This indicates decreased expenses, which is generally considered a positive sign from a financial perspective.

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	-0.03	32.15
operating cash flow per share	-0.01	-0.02	7.97
free cash flow per share	-0.02	-0.02	-37.70
cash per share	0.02	0.07	-79.25
book value per share	0.23	0.25	-8.06
tangible book value per share	0.23	0.25	-8.06
shareholders equity per share	0.19	0.21	-8.73
interest debt per share	0.0	0.0	-41.86
market cap	18112263.68	29949656.45	-39.52
enterprise value	16730573.68	22987350.45	-27.22
pe ratio	-9.22	-10.48	12.05
price to sales ratio	0	0	NaN
pocfratio	-12.46	-19.22	35.15
pfcf ratio	-8.31	-19.17	56.66
pb ratio	0.96	1.46	-34.61
ptb ratio	0.96	1.46	-34.61
ev to sales	0	0	NaN
enterprise value over ebitda	-8.75	-8.4	-4.14
ev to operating cash flow	-11.51	-14.75	21.96
ev to free cash flow	-7.67	-14.71	47.84
earnings yield	-0.11	-0.1	-13.69
free cash flow yield	-0.12	-0.05	-130.74
debt to equity	0.01	0.01	-44.52
debt to assets	0.01	0.01	-44.31
net debt to ebitda	0.72	2.54	-71.61
current ratio	4.46	10.62	-58.05
interest coverage	-69.72	-180.58	61.39
income quality	0.74	0.55	35.59
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	-0.5	-0.0	-18680.57
capex to revenue	0	0	NaN
capex to depreciation	6.42	0.04	16191.29
stock based compensation to revenue	0	0	NaN
graham number	0.3	0.38	-21.31
roic	-0.09	-0.11	19.39
return on tangible assets	-0.08	-0.11	25.37
graham net net	0.01	0.06	-90.36
working capital	1366721	6788541	-79.87
tangible asset value	22239395	23869881	-6.83
net current asset value	746648	6124060	-87.81
invested capital	22435468	24110362	-6.95
average receivables	86200.5	177311.5	-51.38
average payables	279940	355298.5	-21.21
average inventory	0	0	NaN
days sales outstanding	0	0	NaN
days payables outstanding	410.91	1497.69	-72.56
days of inventory on hand	0	0	NaN
receivables turnover	0	0	NaN
payables turnover	0.89	0.24	264.48
inventory turnover	0	0	NaN
roe	-0.1	-0.14	25.66
capex per share	0.01	0.0	17183.10

• Negative

  ROE: Return on Equity (ROE) increased to -0.10 on 2023-12-31 from -0.14 on 2022-12-31, representing a change of 25.66%. However, ROE is <= 5%, suggesting that the company has not been generating high returns for its shareholders.

  Current Ratio: Current Ratio decreased to 4.46 on 2023-12-31 from 10.62 on 2022-12-31, representing a change of -58.05%. 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 -9.22 on 2023-12-31 from -10.48 on 2022-12-31, representing a change of 12.05%. Indicating an increase in the relative valuation of the company's stock.

  Debt-to-Equity Ratio: Debt-to-Equity Ratio decreased to 0.01 on 2023-12-31 from 0.01 on 2022-12-31, representing a change of -44.52%. The debt-to-equity ratio has been decreasing, indicating that the company has been relying less on debt financing. A ratio of 1 or below is often considered healthy and indicates that the company's total debt is equal to or less than its total equity.

• Quarterly Financial Ratios

	2024-09-30 Q3	2024-06-30 Q2	Q/Q change %
HNCKF
calendar year	2024	2024	NaN
revenue per share	0	0	NaN
net income per share	-0.0	-0.0	-9.88
operating cash flow per share	-0.0	-0.0	-3.51
free cash flow per share	-0.01	-0.0	-78.95
cash per share	0.01	0.0	87.47
book value per share	0.22	0.22	-1.14
tangible book value per share	0.22	0.22	-1.14
shareholders equity per share	0.19	0.19	-0.49
interest debt per share	0.0	0.0	-34.73
market cap	14324784.46	15664660.48	-8.55
enterprise value	13492182.46	15296444.48	-11.80
pe ratio	-8.98	-11.28	20.37
price to sales ratio	0	0	NaN
pocfratio	-39.42	-46.63	15.47
pfcf ratio	-22.6	-46.21	51.10
pb ratio	0.75	0.86	-12.07
ptb ratio	0.75	0.86	-12.07
ev to sales	0	0	NaN
enterprise value over ebitda	-35.15	-43.12	18.48
ev to operating cash flow	-37.12	-45.53	18.46
ev to free cash flow	-21.28	-45.13	52.84
earnings yield	-0.03	-0.02	-25.58
free cash flow yield	-0.04	-0.02	-104.51
debt to equity	0.0	0.0	-34.66
debt to assets	0.0	0.0	-34.08
net debt to ebitda	2.17	1.04	108.98
current ratio	4.83	2.55	89.38
interest coverage	0	-88.39	100.00
income quality	0.87	0.87	0.89
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	-0.74	-0.01	-8237.08
capex to revenue	0	0	NaN
capex to depreciation	9.25	0.1	8918.50
stock based compensation to revenue	0	0	NaN
graham number	0.13	0.12	4.57
roic	0	-0.02	100.00
return on tangible assets	-0.02	-0.02	-11.41
graham net net	0.0	-0.0	138.08
working capital	858292	388080	121.16
tangible asset value	22209267	21495578	3.32
net current asset value	268292	-201920	232.87
invested capital	22375267	21661578	3.29
average receivables	72663	75965	-4.35
average payables	91109.5	74819	21.77
average inventory	0	0	NaN
days sales outstanding	0	0	NaN
days payables outstanding	237.87	322.86	-26.33
days of inventory on hand	0	0	NaN
receivables turnover	0	0	NaN
payables turnover	0.38	0.28	35.73
inventory turnover	0	0	NaN
roe	-0.02	-0.02	-10.43
capex per share	0.0	0.0	8529.59

• Negative

  ROE: Return on Equity (ROE) decreased to -0.02 on 2024-09-30 Q3 from -0.02 on 2024-06-30 Q2, representing a change of -10.43%. Suggesting that the company has not been generating high returns for its shareholders.

  Current Ratio: Current Ratio increased to 4.83 on 2024-09-30 Q3 from 2.55 on 2024-06-30 Q2, representing a change of 89.38%. The current ratio has been increasing, suggesting an increase 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 -8.98 on 2024-09-30 Q3 from -11.28 on 2024-06-30 Q2, representing a change of 20.37%. Indicating an increase in the relative valuation of the company's stock.

  Debt-to-Equity Ratio: Debt-to-Equity Ratio decreased to 0.00 on 2024-09-30 Q3 from 0.00 on 2024-06-30 Q2, representing a change of -34.66%. The debt-to-equity ratio has been decreasing, indicating that the company has been relying less on debt financing. A ratio of 1 or below is often considered healthy and indicates that the company's total debt is equal to or less than its total equity.

Growth Rates ⓘ

• Annual Growth

• Quarterly Growth

Intrinsic Value (Discounted Cash Flow) ⓘ

None