Company Valuation: SPC Nickel Corp.

Data adjusted to current consolidation scope
Fiscal Period: August 2021 2022 2023 2024 2025
Capitalization 1 17.37 8.127 9.608 7.692 12.88
Change - -53.22% 18.22% -19.94% 67.47%
Enterprise Value (EV) 1 12.17 4.431 7.618 5.716 10.1
Change - -63.61% 71.94% -24.96% 76.63%
P/E ratio -3.65x -1.63x -1.94x -2.97x -2.41x
PBR 3.63x 2.14x 5.23x 4.22x 5.88x
PEG -0x 0.1x 0.1x 0x -0.32x
Capitalization / Revenue - - - - -
EV / Revenue - - - - -
EV / EBITDA - - - - -
EV / EBIT -2.79x -0.98x -1.72x -2.33x -3.1x
EV / FCF -6.54x -1.58x -3.28x -4.32x -6.44x
FCF Yield -15.3% -63.4% -30.5% -23.1% -15.5%
Dividend per Share 2 - - - - -
Rate of return - - - - -
EPS 2 -0.0466 -0.0399 -0.0335 -0.0135 -0.0145
Distribution rate - - - - -
Net sales - - - - -
EBITDA -4.336 -4.479 -4.415 -2.445 -3.25
EBIT 1 -4.356 -4.508 -4.431 -2.457 -3.259
Net income 1 -4.31 -4.505 -4.354 -2.191 -3.023
Net Debt 1 -5.198 -3.696 -1.99 -1.976 -2.785
Reference price 2 0.1700 0.0650 0.0650 0.0400 0.0350
Nbr of stocks (in thousands) 1,02,192 1,25,034 1,47,820 1,92,304 3,68,054
Announcement Date 17/12/21 15/12/22 21/12/23 12/12/24 11/12/25
1CAD in Million2CAD
Estimates

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
- - - - 1.62Cr
24.33x8.88x13.38x2.5% 14TCr
20.57x2.91x6.7x1.07% 8.1TCr
20.8x1.84x9.49x1.88% 5.95TCr
34.22x4.83x18.35x0.7% 2.35TCr
41.43x2.2x23.86x1.19% 2.21TCr
14.81x0.36x12.31x2.3% 2.23TCr
81.56x - - 0.36% 1.85TCr
11.95x1.5x6.28x2.82% 1.88TCr
Average 31.21x 3.22x 12.91x 1.6% 4.3TCr
Weighted average by Cap. 26.17x 4.88x 11.80x 1.82%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

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  2. Equities
  3. SPC Stock
  4. Valuation SPC Nickel Corp.
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