49 North Resources Inc (FNR) Fair Value & Analysis
Financial Services · CA · Market cap C$4.2M
Fair value as of: Jun 26, 2026
From 12 valuation models · updated 6 days ago
Fair value updated Jun 26, 2026 — revised from C$0.0600 to C$0.0390 (−35.0%) since Jun 25, 2026. Share price −16.7% over the past month.
Price vs Fair Value (12 months)
12‑month range C$0.0240 – C$0.0600 · fair‑value band C$0.0345 – C$0.0435 · the C$0.0300 price screens below the C$0.0390 fair value. As of Jun 26, 2026.
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49 North Resources Inc (FNR) currently trades at C$0.0300, while our model-based Fair Value estimate is C$0.0390 — implying the stock looks roughly 30.0% undervalued today. We read business quality at 57/100 (solid quality), in the Financial Services sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: medium) — always confirm before acting.
Over the trailing twelve months, 49 North Resources Inc generated revenue of C$3.7M at a net margin of 79.1%. Revenue grew 119.4% year over year. It earns a return on equity of 35.2%. Net debt stands at C$5.4M. Fundamentals as of Jun 26, 2026
Key figures & financial health
More key figures
Figures from reported company fundamentals (EODHD) · as of Jun 26, 2026. TTM = trailing twelve months.
About the company
49 North Resources Inc. is a venture capital firm specializing in seed capital and early stage investments. The firm typically invests in a diversified portfolio of common shares and other securities of resource issuers including all sectors of mineral exploration as well as oil and gas exploration and production around the globe. It focuses on resource issuers with exploration programs in Saskatchewan. The firm also seeks to co-invest. 49 North Resources Inc. was founded in 2005 and is based in Saskatoon, Canada.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
49 North Resources Inc reported revenue of C$593K in FY2025 versus −C$6.1M in FY2021. Reported net income was C$1.0M in FY2025.
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How we calculate Fair Value
Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data — nothing guessed.
Educational research only · not financial advice · no buy/sell recommendation. Model-based estimates are not certainties; their reliability depends on data quality and assumptions.