NICKEL INDUSTRIES LIMITED (NIC)
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NIC - NICKEL INDUSTRIES LIMITED

FNArena Sector : Nickel
Year End: December
GICS Industry Group : Materials
Debt/EBITDA: 1.92
Index: ASX200 | ASX300 | ALL-ORDS

Nickel Mines is an Australian producer of nickel pig iron, a key ingredient in the manufacture of stainless steel. Its assets & production facilities are in Indonesia. The company listed in 2018.

LAST PRICE CHANGE +/- CHANGE % VOLUME

$1.00

07 May
2024

0.015

OPEN

$0.99

1.52%

HIGH

$1.00

10,035,067

LOW

$0.96

TARGET
$1.178 17.8% upside
Franking for last dividend paid out: 0%
OTHER COMPANIES IN THE SAME SECTOR
ARL . CTM . IGO . LEG . PAN . POS . QPM . SRL . WIN .
FNARENA'S MARKET CONSENSUS FORECASTS
NIC: 1
Title FY24
Forecast		 FY25
Forecast
EPS (cps) 7.7 xxx
DPS (cps) 4.6 xxx
EPS Growth N/A xxx
DPS Growth N/A xxx
PE Ratio 12.7 xxx
Dividend Yield 4.7% xxx
Div Pay Ratio(%) 59.5% xxx
This company reports in USD.
All estimates have been converted into AUD by FNArena at present FX values.

Dividend yield today if purchased 3 years ago: 4.05%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 4.57

Estimated Dividend Growth
(Average Of Past Three Years)

  %

Amount Invested

 $ 

Tell Me The Dividend After This Many Years
Past performance is no guarantee for the future. Investors should take into account that heavy swings in share price or exceptional circumstances (a la 2009) can have a significant impact on short term calculations and averages

Last ex-div: 03/08 - ex-div 2c (franking 0%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2024 FactSet UK Limited. All rights reserved
Title 201820192020202120222023
EPS Basic xxxxxxxxxxxxxxx5.4
DPS All xxxxxxxxxxxxxxx4.5
Sales/Revenue xxxxxxxxxxxxxxx2,832.5 M
Book Value Per Share xxxxxxxxxxxxxxx82.9
Net Operating Cash Flow xxxxxxxxxxxxxxx269.3 M
Net Profit Margin xxxxxxxxxxxxxxx6.47 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201820192020202120222023
Return on Capital Employed xxxxxxxxxxxxxxx6.70 %
Return on Invested Capital xxxxxxxxxxxxxxx5.13 %
Return on Assets xxxxxxxxxxxxxxx3.70 %
Return on Equity xxxxxxxxxxxxxxx6.70 %
Return on Total Capital xxxxxxxxxxxxxxx10.58 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx-159.4 M

Return on Capital Employed

Return on Invested Capital

Return on Assets

Return on Equity

Return on Total Capital

Free Cash Flow ex dividends

Title 201820192020202120222023
Short-Term Debt xxxxxxxxxxxxxxx377 M
Long Term Debt xxxxxxxxxxxxxxx861 M
Total Debt xxxxxxxxxxxxxxx1,238 M
Goodwill - Gross xxxxxxxxxxxxxxx-
Cash & Equivalents - Generic xxxxxxxxxxxxxxx1,141 M
Price To Book Value xxxxxxxxxxxxxxx0.84

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 201820192020202120222023
Capex xxxxxxxxxxxxxxx359.9 M
Capex % of Sales xxxxxxxxxxxxxxx12.71 %
Cost of Goods Sold xxxxxxxxxxxxxxx2,328 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx28 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx773 M

Capex

Capex % of Sales

Cost of Goods Sold

Selling, General & Admin. Exp & Other

Research & Development

Investments - Total

EXPERT VIEWS
Display All Commentary

Sentiment Indicator

0.8

No. Of Recommendations

5
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Bell Potter

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Morgan Stanley

xx/xx/xxxx

1

xxxxxxxxxx

$xx.xx

xx.xx%

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Macquarie

01/05/2024

1

Outperform

$1.20

20.00%

Nickel Industries reported mixed first quarter results with a 2% beat on nickel metal production, versus a -59% miss on nickel matte production according to Macquarie.

The difference reflects the switch in production to NPI at Hengjaya as a result of falling margins for matte.

EBITDA of US$70.3m met expectations and came within the guidance range, however the RKEF earnings were -20% below estimates and -43% below the previous corresponding quarter, as a result of delays to the RKAB mining licence.

The company's cash position was better than anticipated at US$553.3m however that represents a -29% fall year-on-year.

Macquarie adjusts the EPS forecast by 4% for FY24 and the target lifts 2% to $1.20.

Overweight rating unchanged.

FORECAST
Macquarie forecasts a full year FY24 dividend of 4.42 cents and EPS of 9.60 cents.
Macquarie forecasts a full year FY25 dividend of 7.32 cents and EPS of 16.15 cents.

Citi

xx/xx/xxxx

3

xxxxxxxxx xx xxxxxxx xxxx xxx

$xx.xx

xx.xx%

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UBS

xx/xx/xxxx

1

xxxxxxxxxx xx xxxxxxxx xxxx xxx

$xx.xx

xx.xx%

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Access Stockbroker Research History >

NIC STOCK CHART

FNArena News on NIC

1
Weekly Ratings, Targets, Forecast Changes – 03-05-24

May 06 2024 - Weekly Reports
2
ESG Focus: Counting Psychosocial Costs On ASX

Apr 22 2024 - ESG Focus
3
Material Matters: Base Metals, Coal & Iron Ore

Apr 17 2024 - Commodities
4
Material Matters: Pressure On Dividends, Steel & Iron Ore

Apr 04 2024 - Commodities
5
Rudi’s View: Selective Opportunities Among Discounted REITs

Mar 20 2024 - Rudi's View

Latest Nickel News

1
Nickel Industries: Potential & Risks

May 18 2023 - Small Caps
2
Investors Remain Attached To IGO’s Lithium Story

Nov 03 2022 - Australia
3
You Go Where IGO

Mar 08 2022 - Technicals
4
Nickel Mines’ Bumper Quarter Well Received

Jan 27 2021 - Australia
5
Odysseus Holds The Key To Western Areas

Nov 02 2020 - Australia
6
Nickel Mines An Emerging Force

Oct 21 2020 - Small Caps
7
Nickel Mines Poised For Price Recovery

Jul 10 2020 - Small Caps
8
SPONSORED: Galileo, Next Fraser Range Nickel Success Story?

Mar 04 2020 - FYI
9
IGO Dependent On Exploration Success

Feb 03 2020 - Australia
10
Independence Day?

Oct 29 2019 - Technicals