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 92 others think this stock is worth. Follow their fair value or set your own to get alerts.
Analyst Price Targets
ST
stuart_roberts
Community ContributorCA$5.07FV • 68.0% undervalued intrinsic discount
4849.4%Revenue growth p.a.
13.2k
37
1
269
Nickel Industries Limited Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | AU$1.04 |
| 52 Week High | AU$1.07 |
| 52 Week Low | AU$0.54 |
| Beta | 0.95 |
| 1 Month Change | 16.95% |
| 3 Month Change | 13.11% |
| 1 Year Change | 88.18% |
| 3 Year Change | 11.89% |
| 5 Year Change | -6.76% |
| Change since IPO | 195.71% |
Recent News & Updates
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.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.
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.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.Recent updates
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.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.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.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.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.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.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.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.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.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.Are Investors Undervaluing Nickel Industries Limited (ASX:NIC) By 36%?
Nov 30
We Think Nickel Industries (ASX:NIC) Is Taking Some Risk With Its Debt
Sep 28Nickel Industries Limited (ASX:NIC) Looks Inexpensive But Perhaps Not Attractive Enough
Jul 02Does Nickel Industries (ASX:NIC) Have A Healthy Balance Sheet?
Mar 09
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.Nickel Industries Limited's (ASX:NIC) P/E Is On The Mark
Jan 21Here's Why Nickel Industries (ASX:NIC) Can Manage Its Debt Responsibly
Dec 09Earnings Tell The Story For Nickel Industries Limited (ASX:NIC)
Sep 23Here's Why Nickel Industries Limited's (ASX:NIC) CEO Might See A Pay Rise Soon
May 24We Think Nickel Industries (ASX:NIC) Can Stay On Top Of Its Debt
May 12A Look At The Fair Value Of Nickel Industries Limited (ASX:NIC)
Apr 10Nickel Industries Limited (ASX:NIC) Stock Rockets 27% But Many Are Still Ignoring The Company
Mar 10Nickel Industries Limited Earnings Missed Analyst Estimates: Here's What Analysts Are Forecasting Now
Mar 01Estimating The Fair Value Of Nickel Industries Limited (ASX:NIC)
Dec 29An Intrinsic Calculation For Nickel Industries Limited (ASX:NIC) Suggests It's 25% Undervalued
Sep 27Calculating The Intrinsic Value Of Nickel Industries Limited (ASX:NIC)
Jun 15Shareholder Returns
| NIC | AU Metals and Mining | AU Market | |
|---|---|---|---|
| 7D | 4.5% | -2.6% | -1.7% |
| 1Y | 88.2% | 52.9% | 6.8% |
Return vs Industry: NIC exceeded the Australian Metals and Mining industry which returned 52.9% over the past year.
Return vs Market: NIC exceeded the Australian Market which returned 6.8% over the past year.
Price Volatility
| NIC volatility | |
|---|---|
| NIC Average Weekly Movement | 6.8% |
| Metals and Mining Industry Average Movement | 12.7% |
| Market Average Movement | 10.7% |
| 10% most volatile stocks in AU Market | 17.7% |
| 10% least volatile stocks in AU Market | 4.6% |
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 (7%) 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$4.60b |
| Earnings (TTM) | -AU$80.17m |
| Revenue (TTM) | AU$2.32b |
1.9x
P/S Ratio-56.1x
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 | 2026/04/30 16:24 |
| End of Day Share Price | 2026/04/30 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 |