Nickel 28 Capital Corp (NKL) AI Stock Analysis

• Market Cap: C$65.15M
• Dividend Yield: N/A
• Average Volume (3M): 15.46K
• Price to Earnings (P/E): ―
• Beta (1Y): 1.41
• Revenue Growth: N/A
• EPS Growth: -1151.22%
• Country: CA
• Employees: 7
• Sector: Basic Materials
• Sector Strength: 66
• Industry: Industrial Materials
• EPS (TTM): N/A
• Shares Outstanding: 85,728,910
• 10 Day Avg. Volume: 22,377
• 30 Day Avg. Volume: 15,461
• PEG Ratio: 0.00
• Price to Book (P/B): 0.16
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -2.18K
• Enterprise Value/Market Cap: 1.99
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: -22.44
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0

• Rating: 53 Neutral
• Price Target: ―

Nickel 28 Capital Corp's financial challenges, characterized by zero revenue and persistent losses, weigh heavily on its stock score. Technical analysis provides a more favorable outlook, with upward price momentum. Valuation remains a concern with negative earnings. Recent corporate events such as production resumption and leadership changes reflect operational improvements but don't significantly alter financial performance.

Nickel 28 Capital Corp Business Overview & Revenue Model

Company Description

Nickel 28 Capital Corp. operates as a base metals company. The company holds an 8.56% joint-venture interest in the Ramu Nickel-Cobalt operation located in Papua New Guinea. It also manages a portfolio of 13 nickel and cobalt royalties on exploration and development projects in Canada, Australia, and Papua New Guinea. It intends to invest in a battery metals-focused portfolio of streams, royalties, and direct interests in mineral properties containing battery metals. The company was formerly known as Conic Metals Corp. and changed its name to Nickel 28 Capital Corp. in March 2021. Nickel 28 Capital Corp. was incorporated in 2019 and is headquartered in Toronto, Canada.

How the Company Makes Money

Nickel 28 Capital Corp makes money primarily through its investments in nickel and cobalt streams and royalties. The company earns revenue by receiving a percentage of the production output or sales from the mines in which it has a stake. These streams and royalties are acquired through strategic partnerships and investments in mining operations, allowing Nickel 28 to benefit from the global demand for nickel and cobalt without the high costs associated with direct mining operations. Additionally, the company's earnings are influenced by fluctuations in global metal prices and the performance of its partner mines.

Nickel 28 Capital Corp Financial Statement Overview

Summary

Nickel 28 Capital Corp faces significant financial challenges, with zero revenue and ongoing losses. Despite moderate leverage and positive equity, negative cash flow and income metrics highlight financial instability.

Income Statement

The company has consistently reported zero revenue across all periods, which is a significant concern. The net income has been negative in recent periods, indicating ongoing losses without any revenue generation. The EBIT and EBITDA margins are also negative, reflecting operational challenges and inefficiencies.

Balance Sheet

The company has a moderate debt-to-equity ratio of approximately 0.44 in TTM, which indicates some leverage but not excessively high. However, the declining total assets over time could be a concern. Stockholders' equity remains positive, suggesting some stability, but the lack of revenue generation is a risk.

Cash Flow

The company has been generating negative free cash flow consistently, reflecting challenges in generating cash from operations. The operating cash flow to net income ratio is negative, and free cash flow growth is also negative, indicating cash flow issues.

Breakdown
TTM	Mar 2024	Mar 2023	Mar 2022	Dec 2020	Dec 2019
Income Statement		Total Revenue
0.00	0.00	0.00	0.00	0.00	0.00
	Gross Profit
0.00	0.00	0.00	0.00	0.00	0.00
	EBIT
-6.41M	-11.43M	-8.07M	-9.23M	-3.83M	-7.94M
	EBITDA
-1.06M	0.00	14.71M	18.26M	3.91M	128.34K
	Net Income Common Stockholders
-6.09M	-6.18M	6.11M	11.18M	2.56M	-6.18M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
9.35M	7.86M	2.39M	4.08M	6.52M	5.55M
	Total Assets
136.11M	141.74M	154.72M	160.13M	176.22M	191.10M
	Total Debt
38.23M	44.15M	55.90M	73.42M	107.10M	123.83M
	Net Debt
28.89M	36.31M	53.53M	69.46M	100.73M	119.40M
	Total Liabilities
48.83M	55.14M	63.97M	76.51M	107.18M	125.26M
	Stockholders Equity
87.28M	86.60M	90.75M	83.62M	69.05M	65.84M
Cash Flow		Free Cash Flow
-5.96M	-8.37M	-7.14M	-5.71M	-3.17M	―
	Operating Cash Flow
-5.96M	-8.37M	-7.14M	-5.70M	-3.17M	―
	Investing Cash Flow
7.01M	14.51M	6.93M	3.18M	5.18M	―
	Financing Cash Flow
-1.51M	-678.20K	-1.39M	110.97K	-69.94K	67.31K

Nickel 28 Capital Corp Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 0.76
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:NKL, the sentiment is Positive. The current price of 0.76 is above the 20-day moving average (MA) of 0.73, above the 50-day MA of 0.64, and above the 200-day MA of 0.73, indicating a bullish trend. The MACD of 0.04 indicates Negative momentum. The RSI at 62.97 is Neutral, neither overbought nor oversold. The STOCH value of 44.44 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TSE:NKL.

Nickel 28 Capital Corp Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
LUN	75 Outperform	$12.00B	25.63	2.66%	0.76%	-8.36%	-200.42%
CNC	54 Neutral	$165.58M	―	-0.58%	―	―	91.44%
NKL	53 Neutral	C$65.15M	―	-2.28%	―	―	-1151.22%
S	51 Neutral	C$79.41M	―	-12.73%	―	-12.97%	38.42%
Sector *	51 Neutral	$2.03B	-1.27	-21.09%	3.98%	2.91%	-30.50%
PTM	33 Underperform	C$215.67M	―	-18.53%	―	―	13.77%