FANCF (First Atlantic Nickelbalt) Return-on-Tangible-Equity: -41.19% (As of Jan. 2026)


FANCF First Atlantic Nickel & Cobalt Corp FANCF
34 GF Score
Price $0.63
! 1 Warning Sign
View Full Analysis

What is First Atlantic Nickelbalt Return-on-Tangible-Equity?

First Atlantic Nickelbalt FANCF +0.63% 34 Return-on-Tangible-Equity is -41.19% as of Jan. 2026. GuruFocus rates FANCF with a GF Score™ of 34/100. The stock has 1 warning sign investors should review. Among 2,378 Metals & Mining companies, First Atlantic Nickelbalt ranks worse than 60.85% on this metric.

Return-on-Tangible-Equity is calculated as Net Income divided by its average total shareholder tangible equity. Total shareholder tangible equity equals to Total Stockholders Equity minus Intangible Assets. First Atlantic Nickelbalt's annualized net income for the quarter that ended in Jan. 2026 was $-2.85 Mil. First Atlantic Nickelbalt's average shareholder tangible equity for the quarter that ended in Jan. 2026 was $6.92 Mil. Therefore, First Atlantic Nickelbalt's annualized Return-on-Tangible-Equity for the quarter that ended in Jan. 2026 was -41.19%.

The historical rank and industry rank for First Atlantic Nickelbalt's Return-on-Tangible-Equity or its related term are showing as below:

FANCF' s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -175.23   Med: -49.38   Max: -19.79
Current: -29.19

During the past 13 years, First Atlantic Nickelbalt's highest Return-on-Tangible-Equity was -19.79%. The lowest was -175.23%. And the median was -49.38%.

FANCF's Return-on-Tangible-Equity is ranked worse than
60.85% of 2378 companies
in the Metals & Mining industry
Industry Median: -16.365 vs FANCF: -29.19

First Atlantic Nickelbalt  (OTCPK:FANCF) Return-on-Tangible-Equity Explanation

Return-on-Tangible-Equity measures the rate of return on the ownership interest (shareholder's tangible equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' tangible equity (shareholders equity minus intangibles). Return-on-Tangible-Equity shows how well a company uses investment funds to generate earnings growth. Return-on-Tangible-Equitys between 15% and 20% are considered desirable.


Be Aware

Net Income is used.

Because a company can increase its Return-on-Tangible-Equity by having more financial leverage, it is important to watch the leverage ratio when investing in high Return-on-Tangible-Equity companies. Like Return-on-Tangible-Asset, Return-on-Tangible-Equity is calculated with only 12 months data. Fluctuations in company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.

Asset light businesses require very few assets to generate very high earnings. Their Return-on-Tangible-Equitys can be extremely high.


First Atlantic Nickelbalt Return-on-Tangible-Equity Related Terms


First Atlantic Nickelbalt Return-on-Tangible-Equity Historical Data

* Premium members only.

The historical data trend for First Atlantic Nickelbalt's Return-on-Tangible-Equity 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.

First Atlantic Nickelbalt Return-on-Tangible-Equity Chart

First Atlantic Nickelbalt Annual Data
Trend Jan17 Jan18 Jan19 Jan20 Jan21 Jan22 Jan23 Jan24 Jan25 Jan26
Return-on-Tangible-Equity
Get a 7-Day Free Trial Premium Member Only Premium Member Only -19.84 -167.70 -57.39 -40.61 -27.37

First Atlantic Nickelbalt Quarterly Data
Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24 Jul24 Oct24 Jan25 Apr25 Jul25 Oct25 Jan26
Return-on-Tangible-Equity Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -46.94 -65.14 31.64 -45.22 -41.19

First Atlantic Nickelbalt Return-on-Tangible-Equity Competitor Comparison

For the Other Industrial Metals & Mining subindustry, First Atlantic Nickelbalt's Return-on-Tangible-Equity, along with its competitors' market caps and Return-on-Tangible-Equity 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.


First Atlantic Nickelbalt Return-on-Tangible-Equity vs Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, First Atlantic Nickelbalt's Return-on-Tangible-Equity distribution charts can be found below:

* The bar in red indicates where First Atlantic Nickelbalt's Return-on-Tangible-Equity falls into.


FANCF
34GF Score
First Atlantic Nickel & Cobalt Corp FANCF
Return-on-Tangible-Equity is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

First Atlantic Nickelbalt Return-on-Tangible-Equity Calculation

First Atlantic Nickelbalt's annualized Return-on-Tangible-Equity for the fiscal year that ended in Jan. 2026 is calculated as

Return-on-Tangible-Equity=Net Income/( (Total Tangible Equity+Total Tangible Equity)/ count )
(A: Jan. 2026 )  (A: Jan. 2025 )(A: Jan. 2026 )
=Net Income/( (Total Stockholders Equity - Intangible Assets+Total Stockholders Equity - Intangible Assets )/ count )
(A: Jan. 2026 )  (A: Jan. 2025 )(A: Jan. 2026 )
=-1.744/( (4.556+8.186 )/ 2 )
=-1.744/6.371
=-27.37 %

First Atlantic Nickelbalt's annualized Return-on-Tangible-Equity for the quarter that ended in Jan. 2026 is calculated as

Return-on-Tangible-Equity=Net Income/( (Total Tangible Equity+Total Tangible Equity)/ count )
(Q: Jan. 2026 )  (Q: Oct. 2025 )(Q: Jan. 2026 )
=Net Income/( (Total Stockholders Equity - Intangible Assets+Total Stockholders Equity - Intangible Assets)/ count )
(Q: Jan. 2026 )  (Q: Oct. 2025 )(Q: Jan. 2026 )
=-2.848/( (5.644+8.186)/ 2 )
=-2.848/6.915
=-41.19 %

* 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.

In the calculation of annual Return-on-Tangible-Equity, the net income of the last fiscal year and the average total shareholder tangible equity over the fiscal year are used. In calculating the quarterly data, the net income data used here is four times the quarterly (Jan. 2026) net income data. Return-on-Tangible-Equity is displayed in the 10-year financial page.

What does a Return-on-Tangible-Equity of -41.19% mean?
First Atlantic Nickelbalt (FANCF) has a Return-on-Tangible-Equity of -41.19% as of Jan. 2026. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on First Atlantic Nickelbalt and its competitors. According to the industry distribution chart, First Atlantic Nickelbalt ranks #1447 out of 2378 companies in the Metals & Mining industry, placing it in the top 60.8%.
Is First Atlantic Nickelbalt's Return-on-Tangible-Equity too high?
First Atlantic Nickelbalt's current Return-on-Tangible-Equity is -41.19%. Based on the distribution chart, First Atlantic Nickelbalt ranks #1447 out of 2378 companies in the Metals & Mining industry, which is below the industry midpoint. Overall, First Atlantic Nickelbalt has a GF Score™ of 34/100, reflecting its overall financial health beyond just this single metric.
How does First Atlantic Nickelbalt's Return-on-Tangible-Equity compare to competitors?
According to the Metals & Mining industry distribution chart, First Atlantic Nickelbalt ranks #1447 out of 2378 companies for Return-on-Tangible-Equity. This places First Atlantic Nickelbalt in the lower half of its industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Return-on-Tangible-Equity for a Metals & Mining company?
A good Return-on-Tangible-Equity depends on the Metals & Mining industry context. However, Return-on-Tangible-Equity 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 Return-on-Tangible-Equity mean?
A high Return-on-Tangible-Equity can signal that a stock is expensive relative to its fundamentals. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on First Atlantic Nickelbalt and its competitors. First Atlantic Nickelbalt's current Return-on-Tangible-Equity is -41.19%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is First Atlantic Nickelbalt stock overvalued right now?
First Atlantic Nickelbalt (FANCF) has a current Return-on-Tangible-Equity of -41.19%. The current Return-on-Tangible-Equity is -41.19%. First Atlantic Nickelbalt's overall GF Score™ is 34/100 with 1 warning sign to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Return-on-Tangible-Equity calculated?
Return-on-Tangible-Equity is calculated from a company's financial statements. For First Atlantic Nickelbalt (FANCF), the current Return-on-Tangible-Equity is -41.19% as of Jan. 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.

First Atlantic Nickelbalt Business Description

Other Exchanges P210:GermanyFAN:Canada
Address 1075 West Georgia Street, Suite 1890, Vancouver, BC, CAN, V6E 3C9
First Atlantic Nickel & Cobalt Corp is engaged in the identification, evaluation and acquisition of mineral properties in Canada. The Company owned a 100% interest in, or held options to acquire the Voisey's West Property, Rey Lake Property, Lucky Mike Mineral Property, Pipestone XL, Atlantis Project and the Ophiolite X Project.
34GF Score

Get the complete analysis for FANCF

Return-on-Tangible-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$0.63
Price