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

$0.68

05 Dec
2023

-0.030

OPEN

$0.70

-4.23%

HIGH

$0.70

4,936,424

LOW

$0.68

TARGET
$1.267 86.3% 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) 9.7 xxx
DPS (cps) 4.4 xxx
EPS Growth N/A xxx
DPS Growth N/A xxx
PE Ratio 7.2 xxx
Dividend Yield 6.2% xxx
Div Pay Ratio(%) 44.9% 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: 4.04%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 5.67

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 © 2023 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

Citi

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Macquarie

01/11/2023

1

Outperform

$1.10

61.76%

Macquarie found Nickel Industries' Q3 performance in line with its own forecasts. NPI production proved stronger, but lower grade proved the offset.

Macquarie notes EBITDA margins improved during the period, with all of falls in nickel ore, smelting coal, and electricity prices contributing.

Any contributions from the company's 10% interest in HNC have not yet been included. The company intends to finalise its accountancy treatment in the months ahead, the broker explains.

The Outperform rating and target price of $1.10 are retained. No changes have been made to forecasts.

FORECAST
Macquarie forecasts a full year FY23 dividend of 2.70 cents and EPS of 4.90 cents.
Macquarie forecasts a full year FY24 dividend of 2.00 cents and EPS of 6.60 cents.

Bell Potter

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Access Stockbroker Research History >

NIC STOCK CHART

FNArena News on NIC

1
ESG Focus: Day Of The TRIFRS

Nov 09 2023 - ESG Focus
2
Weekly Ratings, Targets, Forecast Changes – 03-11-23

Nov 06 2023 - Weekly Reports
3
FNArena Corporate Results Monitor – 01-09-2023

Sep 01 2023 - Australia
4
Australian Broker Call *Extra* Edition – Jul 24, 2023

Jul 24 2023 - Daily Market Reports
5
Next Week At A Glance – 3-7 Jul 2023

Jun 30 2023 - Weekly Reports

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