FPX Nickel Corp (FPX) fair value: what the stock is really worth
As of Sep 28, 2026: fair value of FPX Nickel Corp C$0.06, price C$0.30, upside -79.7%, quality 32 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 27, 2026.
How to read this chart
60‑month range C$0.2200 – C$0.8700 · fair‑value band C$0.0400 – C$0.0700 · the C$0.2950 price screens above the C$0.0600 fair value. Dashed = 300-day average. As of Sep 27, 2026.
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FPX Nickel Corp. engages in the acquisition, exploration, and development of mineral resource properties in Canada. The company explores for nickel and iron deposits. Its flagship project is the Baptiste Nickel project covering an area of 451 square kilometers located in Decar Nickel District in central British Columbia.
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FPX Nickel Corp. engages in the acquisition, exploration, and development of mineral resource properties in Canada. The company explores for nickel and iron deposits. Its flagship project is the Baptiste Nickel project covering an area of 451 square kilometers located in Decar Nickel District in central British Columbia. The company was formerly known as First Point Minerals Corp. and changed its name to FPX Nickel Corp. in May 2017. The company was incorporated in 1995 and is headquartered in Vancouver, Canada.
Stock analysis
FPX Nickel Corp (FPX) currently trades at C$0.2950, while our model-based Fair Value estimate is C$0.0600, implying the stock looks roughly 391.6% overvalued today.
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Valuation
How firm this estimate is: it rests on 1 models at a data quality of 91/100, which puts the evidence level at low.
Scenario range: C$0.0400 (bear) to C$0.0700 (bull), the price of C$0.2950 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 32/100 (below-average quality), in the Basic Materials sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
FPX Nickel Corp reported revenue of C$0 in FY2025 versus C$0 in FY2021. Reported net income was −C$5.1M in FY2025.
Key figures
Market cap C$106M (≈ $74.6M) · EPS (TTM) C$−0.0200 · Return on equity −9.8% · Return on assets (EBIT) −9.1% · Free cash flow −C$3.5M · Net cash C$28.7M.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 27 out of 100 (low confidence).
What moves the price
The share trades about 55% below its 52-week high and 5% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Basic Materials peers we cover trades at −11% fair-value upside, at −80%, FPX screens richer than that median.
Fair Value models
Bear C$0.0400Fair Value C$0.0600Bull C$0.0700
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Evidence ⓘEvidence = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
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.28/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
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.
+1,788.9%
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.
+569.8%
Revenue growth 6 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.
+387.8%
’96
’97
’98
’99
’00
’02
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.
−103,904,900.0% (1997) → −4,360.8% (2002)
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
Price, fair value, quality and upside side by side.
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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 · 450 stocks
Beats the industry median on 3/7 measures
A mixed picture versus its industry peers.
Valuation
Quality Score41 · Above median
Fair Value upside−79.7% · Bottom 25%
Profitability
Return on assets−6.5% · Below median
Operating margin (TTM)0.0% · Below median
Growth and dividend
Revenue growth0.0% · Below median
Balance sheet
Debt / equity0.05× · Below median
Valuation Multiplesvs Other Industrial Metals & Mining median · lower = cheaper
P/B1.12× · Cheaper than median
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 0
FUTURE (revenue growth)0· sector 39
PAST (return on equity)0· sector 0
HEALTH (low debt)97· sector 96
DIVIDEND (yield)0· sector 31
VALUE 0: the price sits above our fair-value range.
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Is FPX Nickel Corp (FPX) overvalued or undervalued?
As of Sep 27, 2026, our model estimates a fair value of C$0.0600 versus a price of C$0.2950, about −80% upside (overvalued).
What is the fair value of FPX?
Our model-based fair value for FPX Nickel Corp is C$0.0600 (as of Sep 27, 2026), built from audited fundamentals. The current price: C$0.2950.
What is the quality score of FPX?
FPX Nickel Corp has a Quality Score of 32/100. 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 FPX Nickel Corp (FPX)?
Our model-based price target is the fair value of C$0.0600 (as of Sep 27, 2026) from 1 valuation models. Cautious scenario C$0.0400, optimistic scenario C$0.0700. It is a calculation from audited fundamentals, not an analyst target.
What is the FPX Nickel Corp stock forecast for 2026?
Our models put fair value at C$0.0600, about −80% upside versus a price of C$0.2950 (overvalued). Cautious scenario C$0.0400, optimistic scenario C$0.0700. The calculation is refreshed regularly with new filings.
What is the intrinsic value of FPX Nickel Corp (FPX)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For FPX Nickel Corp it is C$0.0600 per share (as of Sep 27, 2026), against a price of C$0.2950. It is the blended result of 1 valuation models (cash flow, earnings, asset, dividend).
Is FPX Nickel Corp stock overvalued or undervalued in 2026?
As of Sep 27, 2026, FPX trades above its calculated fair value: price C$0.2950, fair value C$0.0600, a gap of about −80% (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 FPX?
No. The price is what the market pays today (C$0.2950); the fair value is what the company's own numbers justify (C$0.0600). For FPX Nickel Corp the two are C$0.2350 per share apart. That gap is exactly why we show both numbers side by side.
How much is FPX Nickel Corp worth?
The market values FPX Nickel Corp at about C$106M (market capitalisation, as of Sep 27, 2026). Per share that is C$0.2950; our models calculate a fair value of C$0.0600 per share.
What do the bullish and bearish scenarios say about FPX?
Our models span a range for FPX Nickel Corp: cautious scenario C$0.0400, base C$0.0600, optimistic C$0.0700 per share (as of Sep 27, 2026, price C$0.2950). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of FPX Nickel Corp (FPX)?
Balance-sheet figures for FPX Nickel Corp (as of Sep 27, 2026): return on equity −9.8%, debt of 0.05 per unit of equity. They feed the Quality Score of 32/100, which measures business quality independently of the share price.
How far is FPX from its 52-week high?
FPX Nickel Corp trades at C$0.2950, about 55% below its 52-week high of C$0.6600 and 5% above the low of C$0.2800 (as of Sep 28, 2026). Distance from the high says nothing about value: that is what the fair value of C$0.0600 is for.
Which stocks are comparable to FPX Nickel Corp?
From the same area (Basic Materials) we also value Saudi Arabian Mining Company, Vale S.A, 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 FPX Nickel Corp stock attractive at the current price?
The data as of Sep 27, 2026: price C$0.2950, calculated fair value C$0.0600 (−80%), Quality Score 32/100, from 1 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of FPX calculated?
We run FPX Nickel Corp through 1 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of C$0.0600, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 15.9 % above its aggregate fair value. FPX Nickel Corp 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 FPX Nickel Corp (FPX)?
The closing price on Sep 28, 2026 was C$0.2950. Our model-based fair value is C$0.0600, about −80% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with FPX Nickel Corp right now?
The price sits above even our optimistic bull case (C$0.0700). The favourable scenario is already priced in. Weak quality (32/100) 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 FPX Nickel Corp
How large is the market capitalisation of FPX Nickel Corp (FPX)?
The market capitalisation of FPX Nickel Corp is C$106M (≈ $74.6M). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What are the earnings per share of FPX Nickel Corp (FPX)?
Earnings per share at FPX Nickel Corp are C$−0.0200. Earnings per share over the last twelve months: total profit spread across every single share.
What is the return on equity of FPX Nickel Corp (FPX)?
The return on equity (ROE) of FPX Nickel Corp is −9.8% (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 FPX Nickel Corp (FPX)?
On an EBIT basis the return on assets of FPX Nickel Corp is −9.1% (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.
How much free cash flow does FPX Nickel Corp (FPX) generate?
The free cash flow of FPX Nickel Corp is −C$3.5M (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net cash does FPX Nickel Corp (FPX) hold?
FPX Nickel Corp holds more cash than debt, C$28.7M net (fiscal year 2023). The company holds more cash than debt, a safety cushion.
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