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: 1.92
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

$0.95

24 Oct
2024

-0.015

OPEN

$0.96

-1.55%

HIGH

$0.97

9,592,732

LOW

$0.95

TARGET
$1.104 16.2% upside
OTHER COMPANIES IN THE SAME SECTOR
ARL . CTM . IGO . LEG . POS . QPM . SRL . WIN .
FNARENA'S MARKET CONSENSUS FORECASTS
NIC: 1
Title FY24
Forecast		 FY25
Forecast
EPS (cps) 4.3 xxx
DPS (cps) 5.2 xxx
EPS Growth N/A xxx
DPS Growth N/A xxx
PE Ratio 22.1 xxx
Dividend Yield 5.4% xxx
Div Pay Ratio(%) 120.2% 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: 4.25%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 4.69

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: 03/09 - (franking ex-di

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

1.0

No. Of Recommendations

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

Morgan Stanley

xx/xx/xxxx

1

xxxxxxxxxx

$xx.xx

xx.xx%

Broker commentary and detailed analysis is available for Full Members Only.
Login above or Get a Free Trial

Macquarie

xx/xx/xxxx

1

xxxxxxxxxx

$xx.xx

xx.xx%

Broker commentary and detailed analysis is available for Full Members Only.
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Citi

03/09/2024

1

Buy, High Risk

$1.05

10.53%

First half earnings (EBITDA) for Nickel Industries matched Citi's forecast while the 2.5c interim dividend beat the expected 1.18c due to a higher-than-guidance payout ratio of 65% of free cash flow.

The broker's Buy, High Risk rating is supported by NPI pricing back above US$12k/t with management seeing markets outside of China for NPI for the first time. By way of example, European stainless producers are purchasing NPI over scrap, observe the analysts.

The $1.05 target is unchanged.

This research was released yesterday by Citi.

FORECAST
Citi forecasts a full year FY24 dividend of 5.00 cents and EPS of 3.47 cents.
Citi forecasts a full year FY25 dividend of 5.00 cents and EPS of 12.23 cents.

Bell Potter

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Login above or Get a Free Trial

UBS

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

Broker commentary and detailed analysis is available for Full Members Only.
Login above or Get a Free Trial
Access Stockbroker Research History >
EXTRA COVERAGE
Display All Commentary

No. Of Recommendations

1

Please note: unlike Broker Call Report, BC Extra is not updated daily. The info you see might not be the latest. FNArena does its best to update ASAP.

BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Canaccord Genuity

16/10/2024

3

Hold

$1.00

5.26%

Canaccord Genuity reviews fundamentals for base metals and electric vehicle materials and updates forecasts for relevant stocks under research coverage.

The broker increases its near-term nickel and zinc price forecasts to US$7.71/lb and US$1.25/lb, respectively, and lowers the near-term cobalt price to US$12.50/lb, and to US$13.61/lb for both 2025 and 2026.

The near-term lithium price forecasts for spodumene and chemicals fall by -9% and -14%, respectively.

For Nickel Industries, the broker expects a 3Q bounce in EBITDA to US$110m on stronger volumes from rotary kiln-electric furnaces (RKEF's) and mining operations.

The target rises to $1.00 from 85c.
Access Extra Coverage Research History >

NIC STOCK CHART

FNArena News on NIC

1
Rudi’s View: Earnings, Best Ideas & Favourite Stock Picks

Oct 24 2024 - Rudi's View
2
Rudi’s View: Australia’s Most Highly Recommended Stocks

Oct 23 2024 - Rudi's View
3
Australian Broker Call *Extra* Edition – Oct 17, 2024

Oct 17 2024 - Daily Market Reports
4
Rudi’s View: China Scepsis, Energy Preferences & The US Election

Oct 10 2024 - Rudi's View
5
Rudi’s View: AGL, GPT, James Hardie, Qantas, Pilbara & Xero

Oct 03 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