Primary HydrogenHNATF +5.05%15 EV-to-FCF is -0.81 as of Jun. 29, 2026. GuruFocus rates HNATF with a GF Score™ of 15/100. The stock has 1 warning sign investors should review. Among 448 Metals & Mining companies, Primary Hydrogen ranks worse than 223214.06% on this metric.
EV-to-FCF is calculated as enterprise value divided by its free cash flow. As of today, Primary Hydrogen's Enterprise Value is $2.28 Mil.
Primary Hydrogen's Free Cash Flow for the trailing twelve months (TTM) ended in Feb. 2026 was $-2.83 Mil. Therefore, Primary Hydrogen's EV-to-FCF for today is -0.81.
The historical rank and industry rank for Primary Hydrogen's EV-to-FCF or its related term are showing as below:
HNATF'
s EV-to-FCF Range Over the Past 10 Years
Min: -0.83 Med: 0 Max: 0
Current: -0.83
HNATF's EV-to-FCF is ranked worse than 100% of 448
companies
in the Metals & Mining industry
Industry Median: 18.39
vs HNATF: -0.83
EV-to-FCF is a valuation multiple that allows analysts and investors to compare stocks, preferably in the same sector or industry. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio (TTM) to determine the fair market value of a company.
EV-to-FCF is a valuation multiple that allows analysts and investors to compare stocks, preferably in the same sector or industry. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio (TTM) to determine the fair market value of a company.
Primary Hydrogen's PE Ratio (TTM) for today is calculated as:
Primary Hydrogen's share price for today is $0.6949.
Primary Hydrogen's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Feb. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $-0.592.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Enterprise Value is used because it is a more complete measure in reflecting how much an investor pays when buying a company. Free Cash Flow is an important financial metric because it represents the actual amount of cash at a company's disposal. Companies with a low EV-to-FCF ratio, combined with a strong balance sheet are generally considered as undervalued.
Primary Hydrogen EV-to-FCF Related Terms
Primary Hydrogen EV-to-FCF Historical Data
* Premium members only.
The historical data trend for Primary Hydrogen's EV-to-FCF can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
For the Other Industrial Metals & Mining subindustry, Primary Hydrogen's EV-to-FCF, along with its competitors' market caps and EV-to-FCF data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Primary Hydrogen EV-to-FCF vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Primary Hydrogen's EV-to-FCF distribution charts can be found below:
* The bar in red indicates where Primary Hydrogen's EV-to-FCF falls into.
Primary Hydrogen's current Enterprise Value is $2.28 Mil.
Primary Hydrogen's Free Cash Flow for the trailing twelve months (TTM) ended in Feb. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $-2.83 Mil.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Primary Hydrogen (HNATF) has a EV-to-FCF of -0.81 as of Jun. 29, 2026. EV to FCF ratio is the company's enterprise value divided by free cash flow. View historical data on Primary Hydrogen and its competitors. According to the industry distribution chart, Primary Hydrogen ranks #999999 out of 448 companies in the Metals & Mining industry.
Is Primary Hydrogen's EV-to-FCF too high?
Primary Hydrogen's current EV-to-FCF is -0.81. Based on the distribution chart, Primary Hydrogen ranks #999999 out of 448 companies in the Metals & Mining industry, which is in the bottom quartile relative to peers. Overall, Primary Hydrogen has a GF Score™ of 15/100, reflecting its overall financial health beyond just this single metric.
How does Primary Hydrogen's EV-to-FCF compare to competitors?
According to the Metals & Mining industry distribution chart, Primary Hydrogen ranks #999999 out of 448 companies for EV-to-FCF. This places Primary Hydrogen in the lower half of its industry. The industry median EV-to-FCF is 18.39. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good EV-to-FCF for a Metals & Mining company?
The median EV-to-FCF among Metals & Mining companies is 18.39, based on 448 companies in the industry. Companies in the top quartile (top 25%) have a EV-to-FCF significantly above this median, while those in the bottom quartile fall well below. However, EV-to-FCF should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high EV-to-FCF mean?
A high EV-to-FCF can signal that a stock is expensive relative to its fundamentals. EV to FCF ratio is the company's enterprise value divided by free cash flow. View historical data on Primary Hydrogen and its competitors. For the Metals & Mining industry, the median EV-to-FCF is 18.39 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Primary Hydrogen's current EV-to-FCF is -0.81. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Primary Hydrogen stock overvalued right now?
Primary Hydrogen (HNATF) has a current EV-to-FCF of -0.81. The current EV-to-FCF is -0.81. Primary Hydrogen's overall GF Score™ is 15/100 with 1 warning sign to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EV-to-FCF calculated?
EV-to-FCF is calculated from a company's financial statements. For Primary Hydrogen (HNATF), the current EV-to-FCF is -0.81 as of Jun. 29, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Primary Hydrogen Corp. is engaged in the acquisition, exploration, and development of natural hydrogen properties. The group has an extensive portfolio of properties covering over 210 square kilometres across Canada including the Blakelock and Hopkins projects in Ontario, the Point Rosie, Gaspe Ophiolite, Coquihalla, Cogburn, and Crooked Amphibolite. The Marys Harbour and Point Rosie properties are located in Southern Newfoundland and Labrador. The Coquihalla, Cogburn, and Crooked Amphibolite properties are located in Southern British Columbia. The Gaspe Ophiolite property is located in Southern Quebec.
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