One-glance verdict
Not enough data
Fair value unavailable
Not enough cash-flow history to value this one with our method.
Fundamentals snapshot
Northern Dynasty Minerals Ltd.
NAK · ASE · Basic Materials · Other Industrial Metals & Mining
Current price
$0.66
52-week range
$0.58 - $2.66
Market cap
$373.64M
Balance sheet
Healthy
-25.75x Concerning
Net cash $35.02M. Interest coverage shows how many times profit covers the interest bill.
What stands out
0 Rewards
2 Risks
0 rewards · 2 risks
- Risk Return on equity was -261.3% last year — the company lost money on shareholders' equity.
- Risk Insider ownership is only 1.7% (peer median: 2.6%).
What this company does
Northern Dynasty Minerals Ltd.
Northern Dynasty Minerals Ltd. is a company focused on finding valuable metal deposits, like copper and gold, in Alaska. Their main project is a very large area in southwest Alaska where they are exploring for these minerals, and the money they hope to make will come from eventually mining and selling these metals. This matters because if they find a lot of valuable metals, it could lead to a big mining operation that creates jobs and generates significant revenue.
How the company got here
Northern Dynasty Minerals Ltd. was incorporated in 1983 and is based in Vancouver, Canada. The company's history is deeply intertwined with the discovery and development of the Pebble Project in Alaska. Initial exploration in the late 1980s led to the discovery of the Pebble deposit in 1989. Over the years, Northern Dynasty significantly expanded the known mineral resource, leading to comprehensive studies for a large-scale mine. The company acquired 100% ownership of the Pebble deposit in 2005. A key turning point was the initiation of the federal permitting process in late 2017, aiming for a more streamlined project design. However, the project has faced regulatory hurdles, including a permit denial in November 2020, though an administrative appeal is ongoing.
What it actually does
Northern Dynasty Minerals Ltd. is a mineral exploration company focused on acquiring, exploring, and developing mineral properties. Its primary focus is the Pebble Project, a large deposit of copper, gold, molybdenum, silver, and rhenium located in southwest Alaska. The company's business is centered around advancing this significant resource towards potential mining operations. Northern Dynasty aims to develop a modern mine that is both economically viable and socially responsible, adhering to Alaska's rigorous environmental standards.
Pebble Project
The Pebble Project is the company's sole and core asset, representing one of the world's largest undeveloped copper and gold resources. Located in southwest Alaska, this deposit contains substantial estimated mineral resources, including billions of pounds of copper and molybdenum, and millions of ounces of gold and silver. The project is currently in the federal permitting process, which involves multiple regulatory agencies at federal, state, and local levels. Northern Dynasty, through its subsidiary the Pebble Partnership, is working to advance this project towards potential development, subject to obtaining the necessary permits. The company has invested significantly in environmental and engineering studies to support the project's design and permitting efforts.
What management is betting on now
Management's primary strategic priority is to successfully navigate the complex permitting process to gain approval for the Pebble Project. They are focused on designing, permitting, building, and operating a modern mine that aims to enhance the economic and social well-being of the local Alaskan communities. This involves ongoing engagement with stakeholders, adherence to stringent environmental and regulatory standards, and demonstrating the project's potential for responsible resource development. The company is also exploring opportunities to secure access to commodities crucial for the energy transition and economic development.
Price history
How the share price has moved
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Is it cheap or expensive?
Fair value — vs current price $0.66
We couldn't calculate a fair value right now.
Is it drowning in debt?
Healthy
Net cash $35.0M - more cash than debt. Interest coverage -25.7x.
Net debt
$-35.02M
Interest coverage
-25.75x
Northern Dynasty Minerals Ltd.'s profit covers its interest bill about 0.0 times over. which is weaker than most peers shown here and 3 peers sit below 1x, which is the danger zone where profit does not fully cover the interest bill.
Healthy
Worse cushion
Baseline
Better cushion
NAK
BASELINE
Northern Dynasty Minerals Ltd.
Total debt $2.45M Interest coverage -25.75x This is the baseline the peer rows are being compared against.
Total debt $81.00K Interest coverage -8.15x Neither company has much profit cushion over interest right now.
Total debt $1.03M Interest coverage -3.80x Neither company has much profit cushion over interest right now.
Total debt $534.39M Interest coverage 1.21x This peer still has a real interest-payment cushion, while NAK does not.
Total debt $794.23M Interest coverage -20.93x Neither company has much profit cushion over interest right now.
What you should know
The case for and against NAK
0 Rewards
2 Risks
Rewards
Risks
-
Return on equity was -261.3% last year — the company lost money on shareholders' equity.
-
Insider ownership is only 1.7% (peer median: 2.6%).
The numbers
All the key metrics, grouped by purpose
Tap any ? icon to learn what it means.
Valuation
How expensive the stock looks
P/E (TTM)
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Forward P/E
-93.35x
P/B
46.67x
P/S
—
EV/EBITDA
-11.94x
PEG ratio
2.06x
Profitability
How much profit each dollar creates
Gross margin
0.0%
Operating margin
0.0%
Net margin
0.0%
ROE
-261.3%
ROA
-14.0%
Health
Liquidity and balance-sheet strength
Debt / equity
0.30x
Current ratio
0.50x
Quick ratio
0.49x
Total debt
$2.45M
Total cash
$37.47M
Growth
How the business has been compounding
Revenue TTM
$0.00
Revenue 5Y CAGR
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EPS TTM
-0.09
EPS 5Y CAGR
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Cash flow
How much cash the business throws off
Operating CF TTM
$-16.42M
Free CF TTM
$-16.42M
FCF margin
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Dividend
Shareholder payout
Yield
0.0%
Payout ratio
0.0%
Last ex-div date
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