NIC Stock Overview
Nickel Mines Limited produces and sells nickel pig iron used in the production of stainless steel.
Nickel Mines Competitors
Price History & Performance
|Historical stock prices|
|Current Share Price||AU$1.51|
|52 Week High||AU$1.65|
|52 Week Low||AU$0.89|
|1 Month Change||4.86%|
|3 Month Change||43.13%|
|1 Year Change||16.60%|
|3 Year Change||429.83%|
|5 Year Change||n/a|
|Change since IPO||331.43%|
Recent News & Updates
Further Upside For Nickel Mines Limited (ASX:NIC) Shares Could Introduce Price Risks After 29% Bounce
Nickel Mines Limited ( ASX:NIC ) shares have continued their recent momentum with a 29% gain in the last month alone...
|NIC||AU Metals and Mining||AU Market|
Return vs Industry: NIC exceeded the Australian Metals and Mining industry which returned 7% over the past year.
Return vs Market: NIC exceeded the Australian Market which returned 5.8% over the past year.
|NIC Average Weekly Movement||6.0%|
|Metals and Mining Industry Average Movement||10.8%|
|Market Average Movement||8.6%|
|10% most volatile stocks in AU Market||15.4%|
|10% least volatile stocks in AU Market||3.7%|
Stable Share Price: NIC is not significantly more volatile than the rest of Australian stocks over the past 3 months, typically moving +/- 6% a week.
Volatility Over Time: NIC's weekly volatility (6%) has been stable over the past year.
About the Company
Nickel Mines Limited produces and sells nickel pig iron used in the production of stainless steel. It holds an 80% interest in the Hengjaya Mineralindo Nickel Mine that covers an area of 5,983 hectares located in the Morowali Regency of Central Sulawesi, Indonesia; Ranger Nickel project; and Angel Nickel Project located in Indonesia. The company also has an option to acquire a 70% interest in the Oracle Nickel project.
Nickel Mines Fundamentals Summary
|NIC fundamental statistics|
Is NIC overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|NIC income statement (TTM)|
|Cost of Revenue||US$346.91m|
Last Reported Earnings
Jun 30, 2021
Next Earnings Date
Jan 27, 2022
|Earnings per share (EPS)||0.06|
|Net Profit Margin||25.93%|
How did NIC perform over the long term?See historical performance and comparison
2.6%Current Dividend Yield
Is Nickel Mines undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: NIC (A$1.51) is trading below our estimate of fair value (A$6.44)
Significantly Below Fair Value: NIC is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: NIC is poor value based on its PE Ratio (18.1x) compared to the Australian Metals and Mining industry average (16.4x).
PE vs Market: NIC is good value based on its PE Ratio (18.1x) compared to the Australian market (18.6x).
Price to Earnings Growth Ratio
PEG Ratio: NIC is good value based on its PEG Ratio (0.4x)
Price to Book Ratio
PB vs Industry: NIC's PB Ratio (2.8x) is in line with the AU Metals and Mining industry average.
How is Nickel Mines forecast to perform in the next 1 to 3 years based on estimates from 9 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: NIC's forecast earnings growth (47.7% per year) is above the savings rate (1.9%).
Earnings vs Market: NIC's earnings (47.7% per year) are forecast to grow faster than the Australian market (11.1% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: NIC's revenue (40.6% per year) is forecast to grow faster than the Australian market (4.8% per year).
High Growth Revenue: NIC's revenue (40.6% per year) is forecast to grow faster than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: NIC's Return on Equity is forecast to be high in 3 years time (21.8%)
How has Nickel Mines performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: NIC has high quality earnings.
Growing Profit Margin: NIC's current net profit margins (25.9%) are higher than last year (22.5%).
Past Earnings Growth Analysis
Earnings Trend: NIC has become profitable over the past 5 years, growing earnings by 63.3% per year.
Accelerating Growth: NIC's earnings growth over the past year (35.5%) is below its 5-year average (63.3% per year).
Earnings vs Industry: NIC earnings growth over the past year (35.5%) exceeded the Metals and Mining industry 33%.
Return on Equity
High ROE: NIC's Return on Equity (17.1%) is considered low.
How is Nickel Mines's financial position?
Financial Position Analysis
Short Term Liabilities: NIC's short term assets ($386.2M) exceed its short term liabilities ($39.0M).
Long Term Liabilities: NIC's short term assets ($386.2M) exceed its long term liabilities ($229.9M).
Debt to Equity History and Analysis
Debt Level: NIC has more cash than its total debt.
Reducing Debt: NIC's debt to equity ratio has reduced from 276.8% to 15.5% over the past 5 years.
Debt Coverage: NIC's debt is well covered by operating cash flow (90.2%).
Interest Coverage: NIC's interest payments on its debt are well covered by EBIT (38.8x coverage).
What is Nickel Mines's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: NIC's dividend (2.58%) is higher than the bottom 25% of dividend payers in the Australian market (2.25%).
High Dividend: NIC's dividend (2.58%) is low compared to the top 25% of dividend payers in the Australian market (5.52%).
Stability and Growth of Payments
Stable Dividend: Too early to tell whether NIC's dividend payments have been stable as they only just started paying a dividend.
Growing Dividend: Too early to tell if NIC's dividend payments are increasing as they only just started paying a dividend.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (48.2%), NIC's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: NIC's dividends in 3 years are forecast to be covered by earnings (80.6% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Justin Werner (47 yo)
Mr. Justin Charles Werner is a Non-Executive Director at Alpha HPA Limited (formerly known as Collerina Cobalt Limited) since December 23, 2010. He serves as Non-Executive Director at Far East Gold Limited...
CEO Compensation Analysis
Compensation vs Market: Justin's total compensation ($USD404.69K) is below average for companies of similar size in the Australian market ($USD1.73M).
Compensation vs Earnings: Justin's compensation has been consistent with company performance over the past year.
Experienced Management: NIC's management team is considered experienced (2.5 years average tenure).
Experienced Board: NIC's board of directors are considered experienced (4.3 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: NIC insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 3.9%.
Nickel Mines Limited's employee growth, exchange listings and data sources
- Name: Nickel Mines Limited
- Ticker: NIC
- Exchange: ASX
- Founded: 2007
- Industry: Diversified Metals and Mining
- Sector: Materials
- Implied Market Cap: AU$3.798b
- Shares outstanding: 2.52b
- Website: https://www.nickelmines.com.au
Number of Employees
- Nickel Mines Limited
- 66 Hunter Street
- Level 2
- New South Wales
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2022/01/22 07:02|
|End of Day Share Price||2022/01/21 00:00|
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 here.