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Niocan Inc (NIO) fair value: what the stock is really worth

As of Nov 10, 2026: fair value (intrinsic value) of Niocan Inc stock C$0.05, price C$0.12, that is 56.0% below the price, quality 40 out of 100. Rating: strongly overvalued. The value is an estimate: none of our valuation models currently carries, it draws on revenue and assets compared with similar companies. Updated daily.

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Basic Materials CA · ISIN CA65445T1021

NI Niocan Inc logo Thin data Nov 10, 2026

Niocan Inc

NIO · V
Very expensive, weak quality

Our calculation puts a fair price 56% below what the stock costs today.

Low debt
Quality 40/100
Fair value C$0.0506 · Strongly overvalued
Weak Growth (revenue 5y −8.2 %/yr in CAD)
Negative free cash flow
Trails peers (1/7)
Narrow moat 16/100
Thin data
⟳ CyclicalEstimate⚠ Thinly traded
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What runs behind every stock

26 valuation models 8 families, DCF to NCAV 37 quality factors margins, balance sheet, cashflow, debt 6 AI factors moat, what no ratio measures 2,000+ data points verified, per stock, median

69 individual criteria per stock, every one traceable See the method →

Price vs Fair Value

C$0.3300 C$0.0400 Fair Value C$0.0506 Aug 2021 Nov 2026

White line = price, green steps = our fair value per fiscal year. As of Nov 10, 2026.

How to read this chart

60‑month range C$0.0400 – C$0.3300 · fair‑value band C$0.0379 – C$0.0632 · the C$0.1150 price screens above the C$0.0506 fair value. As of Nov 10, 2026.

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Company profile

Nio Strategic Metals Inc., a development stage company, engages in the exploration and development of mineral properties. It explores for uranium, niobium, and iron ores deposits.

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The company holds interest in the Oka mining property comprising 56 claims covering an area of approximately 5,409 acres located in Quebec.

It holds interest in the Great Whale Iron property consists of 27 claims covering an area of approximately 3,032 acres located in the Hudson Bay territory; and the Fafnir project comprising 129 claims covering approximately 18,860 hectares located near the northwest of Mont Laurier.

The company was formerly known as Niocan Inc. and changed its name to Nio Strategic Metals Inc. in June 2022. The company was incorporated in 1995 and is headquartered in Montreal, Canada.

Stock analysis

Niocan Inc (NIO) currently trades at C$0.1150, while our estimate is C$0.0506, 56% below the price, so the stock looks overvalued today.

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Valuation

None of our valuation models currently carries for this company, usually because of losses or heavy investment. The estimate draws on revenue and assets compared with similar companies and is less precise than a model-based fair value.

Scenario range: C$0.0379 (bear) to C$0.0632 (bull), the price of C$0.1150 sits above it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.

Quality & growth

The Quality Score stands at 40/100 (below-average quality), in the Basic Materials sector.

Weak Growth: Revenue is shrinking: the last year, the last three and the last five years are all negative.

Niocan Inc reported revenue of C$6.6K in FY2025 versus C$7.8K in FY2021, a compound −4.1%/yr. Reported net income was −C$957K in FY2025.

Key figures

Market cap C$16.5M (≈ $11.6M) Micro · EPS (TTM) C$−0.0200 · Return on equity −42.5% · Return on assets (EBIT) −41.1% (5-year average) · Operating margin −20,718% · Revenue (TTM) C$6.6K · Free cash flow −C$787K · Net debt C$942K.

Competitive moat

Our AI-assisted moat analysis scores the competitive advantage at 16 out of 100 (medium confidence).

What moves the price

The share trades about 65% below its 52-week high and 15% above its 52-week low, currently below its 200-day average.

For context, the median of 10 Basic Materials peers we cover trades at −10% fair-value upside, at −56%, NIO screens richer than that median.

Fair Value

Bear C$0.0379 Fair Value C$0.0506 Bull C$0.0632
Price C$0.1150 · Downside -56.0%
Estimate. None of our valuation models currently carries for this company, usually because of losses or heavy investment. The estimate draws on revenue and assets compared with similar companies and is less precise than a model-based fair value.

Quality Score breakdown

Overall quality 40/100

It rates the business: profits, how they develop, real cash, balance sheet, investing and share count.

Profitability 0
How much profit the company makes from its sales and capital
Quality Growth 30
Are margins and returns getting better?
Cashflow 30
Do the profits arrive as real cash?
Financial strength 92
Debt, balance sheet and risk of trouble
Investment 98
Does it invest with discipline instead of growing at any price?
Low Volatility 3
How calm the share price moves, does not count
Price momentum 35
Price momentum of the last 3 to 12 months, does not count
Near the 52-week high 28
Distance to the 52-week high, does not count
New shares 0
Buys back shares or issues new ones?

Open the full quality analysis →

Revenue & earnings trend

Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card. 0/100
Revenue is shrinking: the last year, the last three and the last five years are all negative.
Revenue growth 1 year
−22.4%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
−16.8%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
−8.2%
Start year 2020 (pandemic). Over 10 years: −1.9% a year
Revenue growth 12 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
−3.1%
Profit margin (trend) ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.
−1,872.3% (2020) → −15,400.9% (2025)
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: fiscal 2025 is a loss year, no rate is defined from a loss
not computed

NIO screens overvalued: fair value 56% below the price. Compare with BHP Group →

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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Other Industrial Metals & Mining · 577 stocks

Beats the industry median on 1/6 measures
Overall it trails its industry peers.
Valuation
Quality Score 40 · Above median
Fair Value upside −56.0% · Bottom 25%
Profitability
Return on assets −56.3% · Bottom 25%
Growth and dividend
Revenue growth (quarter YoY) 0.0% · Below median
Balance sheet
Debt / equity 0.33× · Highest 25%

Valuation Multiplesvs Other Industrial Metals & Mining median · lower = cheaper

P/B 10.88× · Priciest 25%

Strength profile in five axes (Snowflake)

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE (fair-value potential)0 · sector 4
FUTURE (revenue growth)0 · sector 45
PAST (return on equity)0 · sector 0
HEALTH (low debt)84 · sector 96
DIVIDEND (yield)0 · sector 33

VALUE 0: the price sits above our fair-value range.

Context: sector, industry, market

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

Similar stocks

10 more Other Industrial Metals & Mining stocks, each showing price versus our Fair Value estimate.

Stock Price Fair Value vs Fair Value Compare
Vedanta Limited VEDL ₹262.00 ₹334.17 +28% vs NIO
Saudi Arabian Mining Company 1211 57.00 SAR 64.24 SAR +13% vs NIO
Western Mining Co 601168 ¥28.25 ¥30.98 +10% vs NIO
Hindustan Zinc Limited HINDZINC ₹575.95 ₹624.91 +9% vs NIO
Boliden AB BOL kr 515.20 kr 464.45 −10% vs NIO
BHP Group BHP A$60.39 A$47.47 −21% vs NIO
Zhejiang Huayou Cobalt Co 603799 ¥32.69 ¥25.57 −22% vs NIO
Korea Zinc Company 010130 967,000 KRW 649,125 KRW −33% vs NIO
CMOC Group 603993 ¥13.71 ¥6.82 −50% vs NIO
China Tungsten And Hightech Materials Co 000657 ¥40.90 ¥4.44 −89% vs NIO

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Niocan Inc: fair value per Fair Value Calculator

Cite: Fair Value Calculator (2026). "Niocan Inc Fair Value". https://www.fairvalue-calculator.com/stock/NIO.V

Frequently asked questions

Is Niocan Inc (NIO) overvalued or undervalued?
As of Nov 10, 2026, our estimate of fair value is C$0.0506 versus a price of C$0.1150, about 56% lower (overvalued).
What is the fair value of NIO?
Our estimate for Niocan Inc is C$0.0506 (as of Nov 10, 2026), built from audited fundamentals. The current price: C$0.1150.
What is the quality score of NIO?
Niocan Inc has a Quality Score of 40/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for Niocan Inc (NIO)?
Our calculated price target is the estimate of C$0.0506 (as of Nov 10, 2026). Cautious scenario C$0.0379, optimistic scenario C$0.0632. It is an estimate from revenue and assets compared with similar companies, because none of our valuation models currently carries, not an analyst target.
What is the Niocan Inc stock forecast for 2026?
Our estimate puts fair value at C$0.0506, about 56% lower versus a price of C$0.1150 (overvalued). Cautious scenario C$0.0379, optimistic scenario C$0.0632. The calculation is refreshed regularly with new filings.
What is the revenue of Niocan Inc (NIO)?
Niocan Inc reported trailing-twelve-month revenue of about C$6.6K (latest available figure, as of Nov 10, 2026).
What is the intrinsic value of Niocan Inc (NIO)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Niocan Inc it is C$0.0506 per share (as of Nov 10, 2026), against a price of C$0.1150.
Is Niocan Inc stock overvalued or undervalued in 2026?
As of Nov 10, 2026, NIO trades above its calculated fair value: price C$0.1150, fair value C$0.0506, a gap of about −56% (overvalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of NIO?
No. The price is what the market pays today (C$0.1150); the fair value is what the company's own numbers justify (C$0.0506). For Niocan Inc the two are C$0.0644 per share apart. That gap is exactly why we show both numbers side by side.
How much is Niocan Inc worth?
The market values Niocan Inc at about C$16.5M (market capitalisation, as of Nov 10, 2026). Per share that is C$0.1150; our models calculate a fair value of C$0.0506 per share.
What do the bullish and bearish scenarios say about NIO?
Our models span a range for Niocan Inc: cautious scenario C$0.0379, base C$0.0506, optimistic C$0.0632 per share (as of Nov 10, 2026, price C$0.1150). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of Niocan Inc (NIO)?
Balance-sheet figures for Niocan Inc (as of Nov 10, 2026): return on equity −42.5%, debt of 0.33 per unit of equity. They feed the Quality Score of 40/100, which measures business quality independently of the share price.
How far is NIO from its 52-week high?
Niocan Inc trades at C$0.1150, about 65% below its 52-week high of C$0.3300 and 15% above the low of C$0.1000 (as of Nov 10, 2026). Distance from the high says nothing about value: that is what the fair value of C$0.0506 is for.
Which stocks are comparable to Niocan Inc?
From the same area (Basic Materials) we also value BHP Group, Saudi Arabian Mining Company, CMOC Group, Hindustan Zinc Limited, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Niocan Inc stock attractive at the current price?
The data as of Nov 10, 2026: price C$0.1150, calculated fair value C$0.0506 (−56%), Quality Score 40/100. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
Is it still worth investing in stocks now?
The global stock market currently sits 15.1% above its aggregate fair value. Niocan Inc itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Niocan Inc (NIO)?
The closing price on Nov 10, 2026 was C$0.1150. Our estimate is C$0.0506, about 56% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Niocan Inc right now?
The price sits above even our optimistic bull case (C$0.0632). The favourable scenario is already priced in. Weak quality (40/100) and above fair value at the same time, the margin of safety is missing on both counts. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution.

Key figures of Niocan Inc

How large is the market capitalisation of Niocan Inc (NIO)?
The market capitalisation of Niocan Inc is C$16.5M (≈ $11.6M). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What are the earnings per share of Niocan Inc (NIO)?
Earnings per share at Niocan Inc are C$−0.0200. Earnings per share over the last twelve months: total profit spread across every single share.
What is the return on equity of Niocan Inc (NIO)?
The return on equity (ROE) of Niocan Inc is −42.5% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Niocan Inc (NIO)?
On an EBIT basis the return on assets of Niocan Inc is −41.1% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Niocan Inc (NIO)?
The operating margin of Niocan Inc is −20,718% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How much free cash flow does Niocan Inc (NIO) generate?
The free cash flow of Niocan Inc is −C$787K (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does Niocan Inc (NIO) carry?
The net debt of Niocan Inc is C$942K (fiscal year 2021). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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