(NB) NioCorp Developments Common - Overview
Sector: Basic Materials | Industry: Other Industrial Metals & Mining | Exchange: NASDAQ (USA) | Market Cap: 786m USD | Total Return: 122.2% in 12m
Avg Turnover: 23.1M
Warnings
Share dilution 230.7% YoY
High Debt/EBITDA (12.5) with thin interest coverage (-706.5)
High Debt while negative Cash Flow
Interest Coverage Ratio -706.5 is critical
Choppy
Tailwinds
No distinct edge detected
NioCorp Developments Ltd. is a mining and exploration firm focused on developing the Elk Creek project in Johnson County, Nebraska. The company primary targets the extraction of niobium, scandium, and titanium, while also researching aluminum-scandium alloy applications. Based in Colorado, the firm operates within the critical minerals sector, which is essential for aerospace, defense, and high-strength steel production.
The business model centers on the development of high-value mineral deposits within North America to provide a domestic supply chain for specialized industrial materials. Niobium is a key element used to increase the heat resistance and structural integrity of steel alloys, while scandium is increasingly sought for lightweighting in transportation sectors. These materials are often classified as critical minerals by government agencies due to their limited geographic availability and strategic importance.
Investors can evaluate the long-term feasibility and valuation of these mining assets by reviewing the detailed financial models on ValueRay. NioCorp continues to advance its Nebraska site through land acquisition and mineral rights options as it moves toward potential production phases.
- Securing project financing for Elk Creek construction remains critical for valuation
- Strategic metal demand for EV batteries and defense sectors drives revenue outlook
- Regulatory approval of domestic niobium and scandium supply chains impacts investor sentiment
- Commodity price volatility for titanium and rare earths influences long-term profitability
- Successful transition from mineral exploration to commercial production dictates share price trajectory
| Net Income: error (cannot be calculated; needs Net Income TTM and Revenue TTM) |
| FCF/TA: -0.22 > 0.02 and ΔFCF/TA 20.33 > 1.0 |
| NWC/Revenue: error (cannot be calculated; needs Current Assets/Liabilities and Revenue current+prev) |
| CFO/TA -0.04 > 3% & CFO -16.7m > Net Income -49.5m |
| Net Debt/EBITDA: error (EBITDA <= 0) |
| Current Ratio: 31.08 > 1.5 & < 3 |
| Outstanding Shares: last quarter (136.2m) vs 12m ago 230.7% < -2% |
| Gross Margin: error (current vs previous; cannot be calculated due to missing/invalid data or negative margin) |
| Asset Turnover: 0.0% > 50% (prev 0.0%; Δ 0.0% > 0%) |
| Interest Coverage Ratio: -706.5 > 6 (EBITDA TTM -33.7m / Interest Expense TTM 48.0k) |
| A: 0.87 (Total Current Assets 423.5m - Total Current Liabilities 13.6m) / Total Assets 469.0m |
| B: -0.47 (Retained Earnings -221.9m / Total Assets 469.0m) |
| C: -0.14 (EBIT TTM -33.9m / Avg Total Assets 243.7m) |
| D: 12.59 (Book Value of Equity 435.4m / Total Liabilities 34.6m) |
| Altman-Z'' = 16.48 = AAA |
As of May 26, 2026, the stock is trading at USD 5.40 with a total of 3,384,900 shares traded.
Over the past week, the price has changed by -1.10%,
over one month by -8.78%,
over three months by -2.53% and
over the past year by +122.22%.
NioCorp Developments Common has received a consensus analysts rating of 4.00. Therefore, it is recommended to buy NB.
- StrongBuy: 0
- Buy: 2
- Hold: 0
- Sell: 0
- StrongSell: 0
| Analysts Target Price | 11.4 | 110.7% |
P/B = 1.8057
Revenue TTM = 0.0 USD
EBIT TTM = -33.9m USD
EBITDA TTM = -33.7m USD
Long Term Debt = 217k USD (estimated: total debt 379k - short term 162k)
Short Term Debt = 162k USD (from shortTermDebt, last quarter)
Debt = 379k USD (from shortLongTermDebtTotal, last quarter) (leases 379k already included)
Net Debt = -420.9m USD (calculated: Debt 379k - CCE 421.3m)
Enterprise Value = 365.3m USD (786.2m + Debt 379k - CCE 421.3m)
Interest Coverage Ratio = -706.5 (Ebit TTM -33.9m / Interest Expense TTM 48.0k)
EV/FCF = -3.48x (Enterprise Value 365.3m / FCF TTM -105.0m)
FCF Yield = -28.74% (FCF TTM -105.0m / Enterprise Value 365.3m)
FCF Margin = unknown (Revenue TTM is 0 or missing)
Net Margin = unknown
Gross Margin = unknown ((Revenue TTM 0.0 - Cost of Revenue TTM 3.00k) / Revenue TTM)
Tobins Q-Ratio = 0.78 (Enterprise Value 365.3m / Total Assets 469.0m)
Interest Expense / Debt = 12.66% (Interest Expense 48.0k / Debt 379k)
Taxrate = 0.0% (0.0 / 325k)
NOPAT = -33.9m (EBIT -33.9m * (1 - 0.00%)) [loss with tax shield]
Current Ratio = 25.47 (Total Current Assets 423.5m / Total Current Liabilities 16.6m)
Debt / Equity = 0.00 (Debt 379k / totalStockholderEquity, last quarter 435.4m)
Debt / EBITDA = 12.48 (negative EBITDA) (Net Debt -420.9m / EBITDA -33.7m)
Debt / FCF = 4.01 (negative FCF - burning cash) (Net Debt -420.9m / FCF TTM -105.0m)
Total Stockholder Equity = 231.0m (last 4 quarters mean from totalStockholderEquity)
RoA = -20.31% (Net Income -49.5m / Total Assets 469.0m)
RoE = -10.93% (Net Income TTM -49.5m / Total Stockholder Equity 452.9m)
RoCE = -7.48% (EBIT -33.9m / Capital Employed (Equity 452.9m + L.T.Debt 217k))
RoIC = -8.07% (negative operating profit) (NOPAT -33.9m / Invested Capital 420.4m)
WACC = 6.84% (E(786.2m)/V(786.5m) * Re(6.84%) + D(379k)/V(786.5m) * Rd(12.66%) * (1-Tc(0.0)))
Discount Rate = 6.84% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 98.88 | Cagr: 87.10%
[DCF] Fair Price = unknown (Cash Flow -105.0m)
EPS Correlation: N/A | EPS CAGR: N/A | SUE: -0.63 | # QB: 0
Revenue Correlation: N/A | Revenue CAGR: N/A | SUE: 0.0 | # QB: 0
EPS next Quarter (2026-09-30): EPS=-0.06 | Chg30d=+21.43% | Revisions=N/A | Analysts=2
EPS current Year (2026-06-30): EPS=-0.54 | Chg30d=-8.00% | Revisions=+20% | GrowthEPS=-50.0% | GrowthRev=+0.0%
EPS next Year (2027-06-30): EPS=-0.30 | Chg30d=-22.45% | Revisions=+20% | GrowthEPS=+44.4% | GrowthRev=+0.0%
[Analyst] Revisions Ratio: +20%