Nickel Industries (NIC) Stock Overview
Engages in nickel ore mining, nickel pig iron, cobalt, and nickel matte production activities. More details
| Snowflake Score | |
|---|---|
| Valuation | 4/6 |
| Future Growth | 4/6 |
| Past Performance | 0/6 |
| Financial Health | 2/6 |
| Dividends | 0/6 |
Rewards
Risk Analysis
No risks detected for NIC from our risk checks.
NIC Community Fair Values
Create NarrativeSee what 90 others think this stock is worth. Follow their fair value or set your own to get alerts.
Analyst Price Targets
Nickel Industries Limited Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | AU$1.01 |
| 52 Week High | AU$1.13 |
| 52 Week Low | AU$0.64 |
| Beta | 1.02 |
| 1 Month Change | -0.49% |
| 3 Month Change | -0.49% |
| 1 Year Change | 49.63% |
| 3 Year Change | 19.53% |
| 5 Year Change | -0.98% |
| Change since IPO | 188.57% |
Recent News & Updates
Narrative Update • May 06
NIC: Revised Commodity Deck Will Shape Future Earnings Reset Narrative
Narrative Update on Nickel Industries Analysts have lifted their price target on Nickel Industries to A$1.20 from A$1.10, reflecting updated long term commodity price assumptions and adjustments to sector forecasts that feed into slightly higher fair value, modestly lower discount rates, firmer revenue growth and profit margin expectations, and a reduced future P/E input in their models. Analyst Commentary Recent research around Nickel Industries focuses on how updated long term commodity price assumptions feed into valuation, earnings expectations and perceived risk for the stock.Narrative Update • Apr 22
NIC: Revised Commodity Deck And Hengjaya Suspension Will Shape Future Earnings Reset Narrative
Analysts have lifted their price target on Nickel Industries to A$1.20 from A$1.10, reflecting updated commodity price assumptions and a modest recalibration of fair value, discount rate, margin and future P/E inputs. Analyst Commentary Bullish Takeaways Bullish analysts frame the A$1.20 price target as aligned with revised commodity assumptions for nickel and related metals.Narrative Update • Apr 08
NIC: Revised Commodity Price Decks Will Support Future Earnings Reset Narrative
Analysts have lifted their price target for Nickel Industries to A$1.20 from A$1.10, citing updated commodity price assumptions that contribute to higher sector-wide targets across Australian base metal producers. Analyst Commentary Recent research updates on Nickel Industries focus on revised commodity price assumptions and refreshed sector models, which flow directly into higher price targets and changed views on the shares.Recent updates
Narrative Update • May 06
NIC: Revised Commodity Deck Will Shape Future Earnings Reset Narrative
Narrative Update on Nickel Industries Analysts have lifted their price target on Nickel Industries to A$1.20 from A$1.10, reflecting updated long term commodity price assumptions and adjustments to sector forecasts that feed into slightly higher fair value, modestly lower discount rates, firmer revenue growth and profit margin expectations, and a reduced future P/E input in their models. Analyst Commentary Recent research around Nickel Industries focuses on how updated long term commodity price assumptions feed into valuation, earnings expectations and perceived risk for the stock.Narrative Update • Apr 22
NIC: Revised Commodity Deck And Hengjaya Suspension Will Shape Future Earnings Reset Narrative
Analysts have lifted their price target on Nickel Industries to A$1.20 from A$1.10, reflecting updated commodity price assumptions and a modest recalibration of fair value, discount rate, margin and future P/E inputs. Analyst Commentary Bullish Takeaways Bullish analysts frame the A$1.20 price target as aligned with revised commodity assumptions for nickel and related metals.Narrative Update • Apr 08
NIC: Revised Commodity Price Decks Will Support Future Earnings Reset Narrative
Analysts have lifted their price target for Nickel Industries to A$1.20 from A$1.10, citing updated commodity price assumptions that contribute to higher sector-wide targets across Australian base metal producers. Analyst Commentary Recent research updates on Nickel Industries focus on revised commodity price assumptions and refreshed sector models, which flow directly into higher price targets and changed views on the shares.
Narrative Update • Mar 24
NIC: Higher Commodity Price Decks Will Support Stronger Future Upside
Analysts have lifted their price target for Nickel Industries to A$1.20 from A$1.10, reflecting updated commodity price forecasts and revised long term assumptions for growth, margins, discount rate and future P/E multiples. Analyst Commentary Recent research points to a clear upswing in bullish sentiment around Nickel Industries, with several price target revisions and rating changes linked directly to updated commodity price assumptions.Narrative Update • Mar 09
NIC: Higher Commodity Price Decks Will Support Future Earnings Reset Narrative
Analysts have raised their price target on Nickel Industries to A$1.20 from A$1.10, reflecting updated commodity price assumptions. These updates flow through to slightly higher fair value, revenue growth, profit margin, and a lower future P/E in their models.Narrative Update • Feb 23
NIC: Higher Commodity Price Decks Will Support Future Earnings Rerating
Analysts have raised their fair value estimate for Nickel Industries from A$1.11 to A$1.17. This change reflects recent increases in sector price targets and updated commodity price assumptions across Australian base metal producers.Narrative Update • Feb 09
NIC: Higher Nickel Pricing And Margins Will Support Stronger Future Upside
Analysts have lifted their fair value estimate for Nickel Industries from A$1.73 to A$2.02 per share, citing updated commodity price assumptions, a higher assumed profit margin, and a richer future P/E multiple. This comes despite more moderate revenue growth forecasts and a slightly higher discount rate.Narrative Update • Jan 26
NIC: Higher Nickel Price Assumptions Will Support Future Earnings Rerating
Narrative update Analysts have lifted their fair value estimate for Nickel Industries from A$1.04 to about A$1.11, citing updated commodity price assumptions and refreshed sector valuations. These factors also underpin a higher A$1.05 price target in recent Street research.Narrative Update • Jan 11
NIC: Higher Profit Margins And Lower Risk Profile Will Support Rerating
Analysts have nudged their price target for Nickel Industries slightly higher, reflecting updated views on fair value, profit margins, and a lower discount rate, while also incorporating Street research that points to more constructive sentiment toward comparable financial names. Analyst Commentary Recent Street research on comparable financial names, including upgrades tied to higher price targets, offers a useful reference point for how analysts are thinking about valuation, execution, and growth trajectories.Narrative Update • Dec 25
NIC: Lower Risk Profile Will Support Stronger Future Earnings Multiple
Analysts have raised their price target for Nickel Industries, citing improved long term revenue growth expectations and a slightly lower discount rate that more than offset trimmed margin forecasts, lifting the valuation modestly from A$1.03 to A$1.03 per share on a higher future earnings multiple. Analyst Commentary Analyst discussions around Nickel Industries remain relatively aligned, leading to a broadly constructive outlook rather than a sharply divided bull and bear debate.Narrative Update • Dec 11
NIC: Improved Earnings Visibility Will Support Higher Future Multiple
Analysts have raised their fair value estimate for Nickel Industries from $0.94 to $1.03 per share, citing slightly stronger long term earnings visibility. This supports a higher future P/E multiple despite moderating revenue growth and slimmer projected margins.Analysis Article • Nov 30
Are Investors Undervaluing Nickel Industries Limited (ASX:NIC) By 36%?
Key Insights Using the 2 Stage Free Cash Flow to Equity, Nickel Industries fair value estimate is AU$1.14 Current share...Analysis Article • Sep 28
We Think Nickel Industries (ASX:NIC) Is Taking Some Risk With Its Debt
David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...Analysis Article • Jul 02
Nickel Industries Limited (ASX:NIC) Looks Inexpensive But Perhaps Not Attractive Enough
You may think that with a price-to-sales (or "P/S") ratio of 1.1x Nickel Industries Limited ( ASX:NIC ) is definitely a...Analysis Article • Mar 09
Does Nickel Industries (ASX:NIC) Have A Healthy Balance Sheet?
Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...
New Narrative • Feb 25
Hengjaya Mine Expansion Will Significantly Increase Production In 2025
Strategic acquisitions and new projects could drive substantial growth in revenue, profits, and operational efficiency through increased nickel production and enhanced self-sufficiency.Analysis Article • Jan 21
Nickel Industries Limited's (ASX:NIC) P/E Is On The Mark
With a price-to-earnings (or "P/E") ratio of 22.8x Nickel Industries Limited ( ASX:NIC ) may be sending bearish signals...Analysis Article • Dec 09
Here's Why Nickel Industries (ASX:NIC) Can Manage Its Debt Responsibly
The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...Analysis Article • Sep 23
Earnings Tell The Story For Nickel Industries Limited (ASX:NIC)
With a price-to-earnings (or "P/E") ratio of 24.7x Nickel Industries Limited ( ASX:NIC ) may be sending bearish signals...Analysis Article • May 24
Here's Why Nickel Industries Limited's (ASX:NIC) CEO Might See A Pay Rise Soon
Key Insights Nickel Industries will host its Annual General Meeting on 31st of May CEO Justin Werner's total...Analysis Article • May 12
We Think Nickel Industries (ASX:NIC) Can Stay On Top Of Its Debt
The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...Analysis Article • Apr 10
A Look At The Fair Value Of Nickel Industries Limited (ASX:NIC)
Key Insights Nickel Industries' estimated fair value is AU$0.90 based on Dividend Discount Model Current share price of...Analysis Article • Mar 10
Nickel Industries Limited (ASX:NIC) Stock Rockets 27% But Many Are Still Ignoring The Company
Nickel Industries Limited ( ASX:NIC ) shares have had a really impressive month, gaining 27% after a shaky period...Analysis Article • Mar 01
Nickel Industries Limited Earnings Missed Analyst Estimates: Here's What Analysts Are Forecasting Now
It's been a good week for Nickel Industries Limited ( ASX:NIC ) shareholders, because the company has just released its...Analysis Article • Dec 29
Estimating The Fair Value Of Nickel Industries Limited (ASX:NIC)
Key Insights The projected fair value for Nickel Industries is AU$0.73 based on Dividend Discount Model Nickel...Analysis Article • Sep 27
An Intrinsic Calculation For Nickel Industries Limited (ASX:NIC) Suggests It's 25% Undervalued
Key Insights Using the Dividend Discount Model, Nickel Industries fair value estimate is AU$0.99 Current share price of...Analysis Article • Jun 15
Calculating The Intrinsic Value Of Nickel Industries Limited (ASX:NIC)
Key Insights Using the Dividend Discount Model, Nickel Industries fair value estimate is AU$0.76 Current share price of...Shareholder Returns
| NIC | AU Metals and Mining | AU Market | |
|---|---|---|---|
| 7D | -2.9% | -1.7% | 0.08% |
| 1Y | 49.6% | 54.5% | 3.1% |
Return vs Industry: NIC underperformed the Australian Metals and Mining industry which returned 51.6% over the past year.
Return vs Market: NIC exceeded the Australian Market which returned 2.9% over the past year.
Price Volatility
| NIC volatility | |
|---|---|
| NIC Average Weekly Movement | 6.5% |
| Metals and Mining Industry Average Movement | 12.1% |
| Market Average Movement | 10.5% |
| 10% most volatile stocks in AU Market | 17.5% |
| 10% least volatile stocks in AU Market | 4.3% |
Stable Share Price: NIC has not had significant price volatility in the past 3 months compared to the Australian market.
Volatility Over Time: NIC's weekly volatility (6%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 2007 | n/a | Justin Werner | www.nickelindustries.com |
Nickel Industries Limited engages in nickel ore mining, nickel pig iron, cobalt, and nickel matte production activities. It also produces mixed hydroxide precipitate for use in the electric vehicle supply chain. The company was formerly known as Nickel Mines Limited and changed its name to Nickel Industries Limited in June 2022.
Nickel Industries Limited Fundamentals Summary
| NIC fundamental statistics | |
|---|---|
| Market cap | AU$4.39b |
| Earnings (TTM) | -AU$80.09m |
| Revenue (TTM) | AU$2.31b |
1.9x
P/S Ratio-54.8x
P/E RatioIs NIC overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| NIC income statement (TTM) | |
|---|---|
| Revenue | US$1.65b |
| Cost of Revenue | US$1.37b |
| Gross Profit | US$280.96m |
| Other Expenses | US$338.02m |
| Earnings | -US$57.06m |
Last Reported Earnings
Dec 31, 2025
Next Earnings Date
n/a
| Earnings per share (EPS) | -0.013 |
| Gross Margin | 17.04% |
| Net Profit Margin | -3.46% |
| Debt/Equity Ratio | 49.9% |
How did NIC perform over the long term?
See historical performance and comparisonCompany Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/05/22 09:38 |
| End of Day Share Price | 2026/05/22 00:00 |
| Earnings | 2025/12/31 |
| Annual Earnings | 2025/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Nickel Industries Limited is covered by 16 analysts. 7 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Taylor Guyot | Barrenjoey Markets Pty Limited |
| Richard Knights | Barrenjoey Markets Pty Limited |
| Dale Koenders | Barrenjoey Markets Pty Limited |