Company DescriptionCanada Nickel Company Inc., together with its subsidiary, engages in the exploration, discovery, and development of nickel sulphide assets. It owns a 100% interest in the Crawford Nickel-Cobalt Sulphide project located in northern Ontario, Canada. The company serves electric vehicle, green energy, and stainless-steel markets. Canada Nickel Company Inc. was incorporated in 2019 and is headquartered in Toronto, Canada.

How the Company Makes Money

Canada Nickel Company Financial Statement Overview

Summary

Canada Nickel Company is in a pre-revenue exploration phase, characterized by zero revenue and negative income metrics. The balance sheet is strong with solid equity, which supports future capital raising. However, significant cash flow challenges persist due to ongoing cash burn and negative operating cash flow.

Income Statement

Very Negative

Canada Nickel Company shows zero revenue for both TTM and annual periods, which indicates lack of operational income. The company's EBIT and EBITDA margins are negative, reflecting ongoing operational losses. Despite this, the consistent negative net income suggests a controlled and perhaps expected financial trajectory in a pre-revenue phase typical for mining and resource exploration companies.

Balance Sheet

Neutral

The balance sheet shows strong stockholders' equity in comparison to liabilities, indicating a solid equity ratio. The low debt levels relative to equity suggest prudent financial management. However, the company does have increasing liabilities which require monitoring to ensure future financial stability.

Cash Flow

Negative

The negative operating and free cash flows indicate significant cash burn, typical for companies in the exploration phase without revenue streams. However, the positive financing cash flow shows the company can still raise capital to fund its activities. The free cash flow to net income ratio is not favorable, necessitating careful cash management.

TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Breakdown
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
-10.12M	-13.97M	-10.63M	-9.29M	-7.85M	-6.26M
	EBITDA
-2.34M	-13.85M	-10.51M	-2.39M	-6.38M	-3.08M
	Net Income Common Stockholders
-2.04M	-3.22M	-14.22M	-5.54M	-6.38M	-1.49M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
2.99M	4.66M	14.43M	13.01M	3.33M	11.17M
	Total Assets
265.90M	264.55M	183.07M	144.31M	55.25M	33.15M
	Total Debt
23.65M	21.61M	16.88M	13.29M	0.00	0.00
	Net Debt
20.67M	16.96M	2.44M	282.05K	-3.33M	-11.17M
	Total Liabilities
59.01M	59.18M	27.03M	25.49M	7.95M	1.76M
	Stockholders Equity
206.90M	205.38M	156.04M	118.83M	47.30M	31.39M
Cash Flow		Free Cash Flow
-19.66M	-15.08M	-7.51M	-2.10M	-6.71M	-14.99M
	Operating Cash Flow
-7.85M	-14.84M	-7.39M	-1.87M	-6.30M	-4.28M
	Investing Cash Flow
-62.87M	-56.91M	-37.37M	-49.51M	-19.84M	-10.87M
	Financing Cash Flow
31.02M	61.97M	46.19M	61.06M	18.30M	26.32M

Canada Nickel Company Peers Comparison

Overall Rating

UnderperformOutperform

Sector (51)

Financial Indicators

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
CNIKF		$140.58M	―	-0.58%	―	―	―
Sector *	51 Neutral	$2.02B	-1.14	-21.36%	3.64%	2.88%	-30.57%
FPX	40 Underperform	C$78.73M	―	-4.19%	―	―	48.82%
TN	37 Underperform	C$15.72M	―	-22.48%	―	―	6.12%
DLPRF		$33.95M	―	-271.21%	―	―	―
ELECF		$11.39M	―	-54.08%	―	―	―
EVNI	39 Underperform	C$23.12M	―	-92.05%	―	―	51.18%

* Basic Materials Sector Average

Performance Comparison

CNIKF

Canada Nickel Company

0.73

-0.24

-24.74%

TSE:FPX

FPX Nickel

0.25

-0.07

-21.88%

TSE:TN

Tartisan Nickel Corp

0.12

-0.05

-29.41%

DLPRF

DLP Resources

0.27

-0.01

-3.57%

ELECF

Electric Royalties

0.09

-0.07

-43.75%

TSE:EVNI

EV Nickel, Inc.

0.24

-0.44

-64.71%

Glossary

OutperformA stock rated as "Outperform" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock is likely to deliver higher returns compared to the average returns of other stocks in the same sector or market index. Investors might consider this stock a good buying opportunity.

NeutralA stock rated as "Neutral" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly attractive nor unattractive for investment. Investors may consider holding onto the stock, as it is not expected to either significantly outperform or underperform the market.

UnderperformA stock rated as "Underperform" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock may deliver lower returns compared to the average returns of other stocks in the same sector or market index. Investors might consider selling the stock or avoiding it as an investment.

Disclaimer

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