NICKEL INDUSTRIES LIMITED (NIC)
Share Price Analysis and Chart

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NIC - NICKEL INDUSTRIES LIMITED

FNArena Sector : Nickel
Year End: December
GICS Industry Group : Materials
Debt/EBITDA: 1.67
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

$0.715

28 Feb
2024

0.010

OPEN

$0.72

1.42%

HIGH

$0.74

8,812,909

LOW

$0.71

TARGET
$1.143 59.9% 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 FY23
Forecast
FY24
Forecast
EPS (cps) 8.0 xxx
DPS (cps) 4.1 xxx
EPS Growth N/A xxx
DPS Growth N/A xxx
PE Ratio 8.8 xxx
Dividend Yield 5.7% xxx
Div Pay Ratio(%) 50.3% 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: 2.86%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

5.63

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 201720182019202020212022
EPS Basic xxxxxxxxxxxxxxx8.6
DPS All xxxxxxxxxxxxxxx4.0
Sales/Revenue xxxxxxxxxxxxxxx1,755.6 M
Book Value Per Share xxxxxxxxxxxxxxx70.1
Net Operating Cash Flow xxxxxxxxxxxxxxx52.4 M
Net Profit Margin xxxxxxxxxxxxxxx13.06 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201720182019202020212022
Return on Capital Employed xxxxxxxxxxxxxxx13.78 %
Return on Invested Capital xxxxxxxxxxxxxxx10.01 %
Return on Assets xxxxxxxxxxxxxxx7.14 %
Return on Equity xxxxxxxxxxxxxxx13.78 %
Return on Total Capital xxxxxxxxxxxxxxx13.81 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx-225.3 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 201720182019202020212022
Short-Term Debt xxxxxxxxxxxxxxx11 M
Long Term Debt xxxxxxxxxxxxxxx813 M
Total Debt xxxxxxxxxxxxxxx825 M
Goodwill - Gross xxxxxxxxxxxxxxx-
Cash & Equivalents - Generic xxxxxxxxxxxxxxx213 M
Price To Book Value xxxxxxxxxxxxxxx1.38

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 201720182019202020212022
Capex xxxxxxxxxxxxxxx172.8 M
Capex % of Sales xxxxxxxxxxxxxxx9.84 %
Cost of Goods Sold xxxxxxxxxxxxxxx1,337 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx20 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx-

Capex

Capex % of Sales

Cost of Goods Sold

Selling, General & Admin. Exp & Other

Research & Development

Investments - Total

EXPERT VIEWS
Display All Commentary

Sentiment Indicator

1.0

No. Of Recommendations

3
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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Macquarie

31/01/2024

1

Outperform

$1.10

53.85%

Nickel Industries posted strong Dec Q production results with nickel pig iron production 15% above Macquarie's estimate and nickel metal production 2% above. Underlying earnings beat the broker by 41% on lower than expected costs and higher realised prices.

The company announced a revised dividend payout policy of 30-60% of free cash flow and a US$100m share buyback, subject to shareholder approval, which is expected to be conducted over a 12-month period.

The second half dividend of 2.5c beat the broker's 2.0c estimate. Target rises to $1.10 from $1.00, Outperform retained.

FORECAST
Macquarie forecasts a full year FY23 dividend of 3.10 cents and EPS of 4.10 cents.
Macquarie forecasts a full year FY24 dividend of 2.00 cents and EPS of 4.40 cents.

Citi

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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NIC STOCK CHART