NICKEL INDUSTRIES LIMITED |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 0.91 AUD | +4.00% |
|
+7.06% | +30.94% |
| 04-16 | Indices: The FTSE 100 awakens |  |
| 04-09 | Nickel Industries attracts strong interest for its Indonesian supply | RE |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 765.3 | 2,058 | 2,611 | 1,805 | 2,028 | 2,558 | - | - |
| Enterprise Value (EV) 2 | 735.1 | 1,751 | 2,801 | 2,220 | 2,028 | 3,186 | 3,176 | 2,823 |
| P/E ratio | 9.02 x | 15.4 x | 18.9 x | 11 x | 12.6 x | 18 x | 9.07 x | 6.67 x |
| Yield | - | 2.71% | 2.8% | 4.12% | - | 4.87% | 6.41% | 7.33% |
| Capitalization / Revenue | 11.8 x | 3.93 x | 4.04 x | 1.48 x | 1.08 x | 1.43 x | 1.28 x | 1.07 x |
| EV / Revenue | 11.3 x | 3.35 x | 4.34 x | 1.82 x | 1.08 x | 1.78 x | 1.59 x | 1.18 x |
| EV / EBITDA | 35.9 x | 8.88 x | 11.5 x | 6.82 x | 5.17 x | 8.08 x | 5.83 x | 4.14 x |
| EV / FCF | -47.8 x | 12.3 x | -6.85 x | -6.05 x | - | -29.5 x | 15 x | 6.09 x |
| FCF Yield | -2.09% | 8.14% | -14.6% | -16.5% | - | -3.39% | 6.69% | 16.4% |
| Price to Book | 2.16 x | 2.34 x | 2.53 x | 1.35 x | - | 1.02 x | 0.96 x | 0.86 x |
| Nbr of stocks (in thousands) | 1,665,468 | 2,420,245 | 2,515,029 | 2,731,273 | 4,285,810 | 4,285,810 | - | - |
| Reference price 3 | 0.6550 | 1.105 | 1.430 | 0.9700 | 0.6950 | 0.9100 | 0.9100 | 0.9100 |
| Announcement Date | 29/08/19 | 24/02/21 | 22/02/22 | 27/02/23 | 28/02/24 | - | - | - |
1AUD in Million2USD in Million3AUD
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 64.94 | 523.5 | 645.9 | 1,217 | 1,880 | 1,787 | 1,996 | 2,383 |
| EBITDA 1 | 20.45 | 197.1 | 242.5 | 325.5 | 392.3 | 394.2 | 544.6 | 681.5 |
| EBIT 1 | 13.61 | 157.7 | 194 | 258.9 | 280.7 | 293.6 | 434.1 | 653.4 |
| Operating Margin | 20.96% | 30.12% | 30.04% | 21.27% | 14.93% | 16.43% | 21.75% | 27.42% |
| Earnings before Tax (EBT) 1 | 71.89 | 154.6 | 181 | 217 | 203.3 | 261.3 | 501.1 | 592.7 |
| Net income 1 | 65.53 | 110.6 | 137.9 | 159 | 121.6 | 171.2 | 260.1 | 393 |
| Net margin | 100.91% | 21.13% | 21.35% | 13.06% | 6.47% | 9.58% | 13.03% | 16.49% |
| EPS 2 | 0.0726 | 0.0718 | 0.0758 | 0.0882 | 0.0550 | 0.0507 | 0.1004 | 0.1365 |
| Free Cash Flow 1 | -15.38 | 142.6 | -408.8 | -367 | - | -108.1 | 212.4 | 463.8 |
| FCF margin | -23.68% | 27.23% | -63.29% | -30.15% | - | -6.05% | 10.64% | 19.46% |
| FCF Conversion (EBITDA) | - | 72.33% | - | - | - | - | 38.99% | 68.05% |
| FCF Conversion (Net income) | - | 128.89% | - | - | - | - | 81.65% | 118.02% |
| Dividend per Share 2 | - | 0.0300 | 0.0400 | 0.0400 | - | 0.0443 | 0.0583 | 0.0667 |
| Announcement Date | 29/08/19 | 24/02/21 | 22/02/22 | 27/02/23 | 28/02/24 | - | - | - |
1USD in Million2AUD
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2020 S2 | 2021 S1 | 2021 S2 | 2022 S1 | 2022 S2 | 2023 S1 | 2023 S2 | 2024 S1 | 2024 S2 | 2025 S1 | 2025 S2 | 2026 S1 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 295.6 | 288.7 | 357.2 | 515 | 702 | 932.3 | 947.8 | 850 | 927 | - | - | - |
| EBITDA 1 | - | 105.8 | 136.5 | 166.7 | 158.8 | 161.3 | 231 | 99 | 182 | - | - | - |
| EBIT 1 | - | 88.9 | 105.1 | 140.1 | 118.8 | 110.7 | 170 | 26 | 106 | - | - | - |
| Operating Margin | - | 30.79% | 29.43% | 27.2% | 16.93% | 11.87% | 17.94% | 3.06% | 11.43% | - | - | - |
| Earnings before Tax (EBT) 1 | - | 85.27 | 95.77 | 124.4 | 92.67 | 58.03 | 145.3 | -17 | 61 | - | - | - |
| Net income 1 | - | 65.29 | 72.65 | 92.38 | 66.6 | 27.13 | 94.47 | -14 | 46 | - | - | - |
| Net margin | - | 22.61% | 20.34% | 17.94% | 9.49% | 2.91% | 9.97% | -1.65% | 4.96% | - | - | - |
| EPS 2 | 0.0541 | 0.0358 | 0.0399 | 0.0510 | 0.0360 | 0.0140 | 0.0410 | -0.004560 | 0.0167 | - | - | - |
| Dividend per Share 2 | - | 0.0200 | 0.0200 | 0.0200 | 0.0200 | 0.0200 | - | - | 0.0200 | 0.0250 | 0.0250 | 0.0300 |
| Announcement Date | 24/02/21 | 25/08/21 | 22/02/22 | 30/08/22 | 27/02/23 | 30/08/23 | 28/02/24 | - | - | - | - | - |
1USD in Million2AUD
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | - | - | 190 | 415 | - | 628 | 618 | 265 |
| Net Cash position 1 | 30.2 | 306 | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | - | - | 0.7825 x | 1.275 x | - | 1.594 x | 1.135 x | 0.3883 x |
| Free Cash Flow 1 | -15.4 | 143 | -409 | -367 | - | -108 | 212 | 464 |
| ROE (net income / shareholders' equity) | 15.8% | 16.2% | 14% | 13.8% | - | 7.8% | 16% | 20.2% |
| ROA (Net income/ Total Assets) | - | 10.4% | 9.08% | 7.16% | - | 5% | 9% | 10% |
| Assets 1 | - | 1,066 | 1,519 | 2,222 | - | 3,424 | 2,890 | 3,930 |
| Book Value Per Share 2 | 0.3000 | 0.4700 | 0.5700 | 0.7200 | - | 0.8900 | 0.9500 | 1.060 |
| Cash Flow per Share 2 | - | 0.1000 | 0.1000 | 0.0300 | - | 0.1300 | 0.1700 | 0.3300 |
| Capex 1 | 19.5 | 7.39 | 6.49 | 9.39 | - | 755 | 230 | 18.9 |
| Capex / Sales | 30.03% | 1.41% | 1.01% | 0.77% | - | 42.27% | 11.53% | 0.79% |
| Announcement Date | 29/08/19 | 24/02/21 | 22/02/22 | 27/02/23 | 28/02/24 | - | - | - |
1USD in Million2AUD
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Year-on-year evolution of the Yield
Change in Enterprise Value/EBITDA
Trading Rating
Investor Rating
ESG Refinitiv
C+
Sell
Buy
Mean consensus
BUY
Number of Analysts
8
Last Close Price
0.91
AUD
Average target price
1.29
AUD
Spread / Average Target
+41.76%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| +30.94% | 2.45B | |
| -3.00% | 3.69B | |
| 0.00% | 3.66B | |
| -18.56% | 3.5B | |
| -26.09% | 972M | |
| 0.00% | 270M | |
| +30.70% | 195M | |
| -5.83% | 168M | |
| +7.83% | 162M | |
| -2.87% | 111M |
- Stock Market
- Equities
- NIC Stock
- Financials Nickel Industries Limited
