Pacific Nickel Mines Limited (PNM) AI Stock Analysis

• Market Cap: €10.04M
• Dividend Yield: N/A
• Average Volume (3M): 0.00
• Price to Earnings (P/E): ―
• Beta (1Y): -0.59
• Revenue Growth: N/A
• EPS Growth: N/A
• Country: AU
• Employees: 12
• Sector: Basic Materials
• Sector Strength: 63
• Industry: Gold
• EPS (TTM): -0.03
• Shares Outstanding: 420,993,100
• 10 Day Avg. Volume: 0
• 30 Day Avg. Volume: 0
• PEG Ratio: 1.31
• Price to Book (P/B): 1.28
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -2.21
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0

• Rating: 31 Underperform
• Price Target: ―

Pacific Nickel Mines Limited struggles with financial stability, exhibiting significant losses and high leverage. Despite revenue growth, the company's negative profitability metrics and cash flow challenges highlight financial vulnerabilities. Technical analysis reveals stagnant price movement, and the negative P/E ratio underscores unattractiveness from a valuation perspective. Overall, these factors contribute to a low stock score, indicating caution for potential investors.

Pacific Nickel Mines Limited Business Overview & Revenue Model

Company Description

Pacific Nickel Mines Limited explores for and develops nickel deposits in Solomon Islands. Its principal properties include the Jejevo and Kolosori nickel projects located on Santa Isabel Island. The company was formerly known as Malachite Resources Limited and changed its name to Pacific Nickel Mines Limited in November 2020. Pacific Nickel Mines Limited was incorporated in 1996 and is based in Sydney, Australia.

How the Company Makes Money

Pacific Nickel Mines Limited generates revenue through the exploration, development, and eventual production of nickel resources. The company's primary revenue stream comes from the sale of nickel ores extracted from its mining operations. PNM is involved in various stages of the mining process, from exploration to extraction, and eventually selling the mined nickel to industrial customers and other stakeholders in the commodities market. Significant partnerships with local governments, mining contractors, and industry players enhance its operational capabilities and market reach, contributing to its financial performance. Additionally, fluctuations in global nickel prices and demand from sectors such as electric vehicles and stainless steel production significantly impact the company's earnings.

Pacific Nickel Mines Limited Financial Statement Overview

Summary

Pacific Nickel Mines Limited faces significant financial hurdles. While revenue growth is notable, the company is burdened by consistent losses and heavy reliance on debt. Profitability remains elusive, and cash flow issues persist, indicating a need for strategic financial restructuring to ensure long-term sustainability.

Income Statement

Pacific Nickel Mines Limited shows substantial revenue growth, with TTM revenue of $14.97 million compared to $11.87 million annually. However, the company struggles with profitability, evidenced by negative gross profit margins, net profit margins, and EBIT margins across periods. The TTM gross profit margin is negative, and net income remains in deficit, highlighting significant operational challenges.

Balance Sheet

The balance sheet reveals high leverage, with a debt-to-equity ratio substantially above 1, presenting financial risk. Stockholders' equity has diminished over time, indicating potential instability. The equity ratio is weak, suggesting the company is heavily reliant on debt financing. Despite a growing asset base, the financial position remains precarious.

Cash Flow

Cash flow analysis indicates negative operating cash flow and free cash flow, reflecting ongoing liquidity issues. Although financing activities provide some cash inflow, they are insufficient to offset cash flow deficits. The free cash flow to net income ratio is negative, underscoring cash generation challenges.

Breakdown	TTM	Jun 2024	Jun 2023	Jun 2022	Jun 2021	Jun 2020
Income Statement
Total Revenue	14.97M	11.87M	14.54K	7.55K	2.47K	8.33K
Gross Profit	-7.39M	-6.40M	-33.15K	-32.82K	-10.81K	-1.45K
EBITDA	-10.05M	-9.21M	-786.07K	-717.26K	-598.07K	-4.71M
Net Income	-13.26M	-14.37M	-854.22K	-772.20K	-2.40M	-5.30M
Balance Sheet
Total Assets	64.12M	57.65M	25.04M	11.67M	7.26M	3.32M
Cash, Cash Equivalents and Short-Term Investments	1.20M	537.57K	1.14M	681.24K	1.81M	28.00K
Total Debt	43.99M	38.24M	4.64M	65.00K	195.00K	2.01M
Total Liabilities	59.71M	53.96M	5.41M	931.64K	993.85K	2.64M
Stockholders Equity	6.71M	6.77M	19.64M	10.74M	6.26M	688.91K
Cash Flow
Free Cash Flow	-11.61M	-29.95M	-11.38M	-6.11M	-2.50M	-516.62K
Operating Cash Flow	-8.02M	-21.14M	-5.28M	-5.85M	-2.33M	-516.62K
Investing Cash Flow	-3.59M	-8.81M	-6.11M	-343.37K	-906.59K	-195.33K
Financing Cash Flow	5.87M	28.66M	11.86M	5.06M	5.02M	44.00K

Pacific Nickel Mines Limited Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 0.02
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Positive
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:PNM, the sentiment is Negative. The current price of 0.02 is below the 20-day moving average (MA) of 0.02, below the 50-day MA of 0.02, and below the 200-day MA of 0.02, indicating a bearish trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 29.17 is Positive, neither overbought nor oversold. The STOCH value of 0.00 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for AU:PNM.

Pacific Nickel Mines Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	44 Neutral	C$953.01M	-6.70	-13.31%	2.79%	17.55%	-32.28%
NWM	42 Neutral	AU$11.62M	―	-6.39%	―	―	-6.25%
ADG	38 Underperform	AU$10.34M	―	-36.18%	―	―	-85.71%
PGO	33 Underperform	AU$9.48M	―	-5.13%	―	―	32.73%
PNM	31 Underperform	€10.04M	―		―	―	―
ANTMF		$6.22M	―	-34.77%	―	―	―
SNG		AU$10.29M	―	-57.14%	―	―	―

Pacific Nickel Mines Limited Corporate Events

Pacific Nickel Mines Faces Continued Suspension on ASX

The Australian Securities Exchange (ASX) has announced the continuation of the suspension of Pacific Nickel Mines Limited’s securities from quotation due to concerns over the company’s operational levels and financial condition. The suspension, initiated in July 2024, will remain in place until the company complies with ASX Listing Rules, impacting its market presence and stakeholder confidence.