Nickel Mines Limited produces nickel pig iron used in the production of stainless steel. More Details
Excellent balance sheet and good value.
Share Price & News
How has Nickel Mines's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: NIC is not significantly more volatile than the rest of Australian stocks over the past 3 months, typically moving +/- 7% a week.
Volatility Over Time: NIC's weekly volatility (7%) has been stable over the past year.
7 Day Return
AU Metals and Mining
1 Year Return
AU Metals and Mining
Return vs Industry: NIC exceeded the Australian Metals and Mining industry which returned 26.4% over the past year.
Return vs Market: NIC exceeded the Australian Market which returned -1.6% over the past year.
Long-Term Price Volatility Vs. Market
How volatile is Nickel Mines's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 week ago | Simply Wall StIs There An Opportunity With Nickel Mines Limited's (ASX:NIC) 50% Undervaluation?
3 months ago | Simply Wall StWhat Is The Ownership Structure Like For Nickel Mines Limited (ASX:NIC)?
7 months ago | Simply Wall StNickel Mines Limited (ASX:NIC) Is Employing Capital Very Effectively
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$1.23) is trading below our estimate of fair value (A$3.01)
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 (13.7x) compared to the AU Metals and Mining industry average (13.1x).
PE vs Market: NIC is good value based on its PE Ratio (13.7x) compared to the Australian market (22.6x).
Price to Earnings Growth Ratio
PEG Ratio: NIC is good value based on its PEG Ratio (0.6x)
Price to Book Ratio
PB vs Industry: NIC is overvalued based on its PB Ratio (3.7x) compared to the AU Metals and Mining industry average (2.8x).
How is Nickel Mines forecast to perform in the next 1 to 3 years based on estimates from 6 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: NIC's forecast earnings growth (24.2% per year) is above the savings rate (2%).
Earnings vs Market: NIC's earnings (24.2% per year) are forecast to grow faster than the Australian market (18.1% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: NIC's revenue (18.5% per year) is forecast to grow faster than the Australian market (5.1% per year).
High Growth Revenue: NIC's revenue (18.5% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: NIC's Return on Equity is forecast to be low in 3 years time (19.7%).
How has Nickel Mines performed over the past 5 years?
Last years revenue growth
Earnings and Revenue History
Quality Earnings: NIC has a high level of non-cash earnings.
Growing Profit Margin: NIC became profitable in the past.
Past Earnings Growth Analysis
Earnings Trend: Insufficient data to determine if NIC's year-on-year earnings growth rate was positive over the past 5 years.
Accelerating Growth: NIC has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.
Earnings vs Industry: NIC has become profitable in the last year, making it difficult to compare its past year earnings growth to the Metals and Mining industry (38%).
Return on Equity
High ROE: NIC's Return on Equity (25.3%) is considered high.
How is Nickel Mines's financial position?
Financial Position Analysis
Short Term Liabilities: NIC's short term assets ($204.6M) exceed its short term liabilities ($58.1M).
Long Term Liabilities: NIC's short term assets ($204.6M) exceed its long term liabilities ($117.2M).
Debt to Equity History and Analysis
Debt Level: NIC's debt to equity ratio (9%) is considered satisfactory.
Reducing Debt: Insufficient data to determine if NIC's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: NIC's debt is well covered by operating cash flow (117.6%).
Interest Coverage: NIC's interest payments on its debt are well covered by EBIT (37.7x coverage).
What is Nickel Mines's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: NIC's dividend (1.48%) isn’t notable compared to the bottom 25% of dividend payers in the Australian market (2.11%).
High Dividend: NIC's dividend (1.48%) is low compared to the top 25% of dividend payers in the Australian market (5.03%).
Stability and Growth of Payments
Stable Dividend: Too early to tell whether NIC's dividend payments have been stable as they only just started paying a dividend.
Growing Dividend: Too early to tell if NIC's dividend payments are increasing as they only just started paying a dividend.
Current Payout to Shareholders
Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: NIC's dividends in 3 years are forecast to be well covered by earnings (29.7% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average board tenure
Justin Werner (46 yo)
Mr. Justin Charles Werner is a Non-Executive Director at Alpha HPA Limited (formerly known as Collerina Cobalt Limited) since December 23, 2010. Mr. Werner serves as Managing Director of Nickel Mines Limit...
CEO Compensation Analysis
Compensation vs Market: Justin's total compensation ($USD0.00) is below average for companies of similar size in the Australian market ($USD1.27M).
Compensation vs Earnings: Justin's compensation has been consistent with company performance over the past year.
|MD & Director||no data||US$202.28k||1.21% |
|Executive Deputy Chairman||2.75yrs||US$70.31k||5.11% |
|CFO & Executive Director||13.33yrs||US$131.00k||1.14% |
|Independent Non-Executive Director||12.67yrs||US$30.35k||0.27% |
|Independent Non-Executive Chairman||2.75yrs||US$91.03k||0.029% |
|Independent Non-Executive Director||3.83yrs||US$30.35k||1.43% |
|Non-Executive Director||0.67yr||no data||no data|
|Non-Executive Director||2.75yrs||US$30.35k||no data|
|Non-Executive Director||2.75yrs||US$30.35k||0.060% |
Experienced Board: NIC's board of directors are not considered experienced ( 2.8 years average tenure), which suggests a new board.
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: NIC insiders have only sold shares 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 45.3%.
Nickel Mines Limited's company bio, employee growth, exchange listings and data sources
- Name: Nickel Mines Limited
- Ticker: NIC
- Exchange: ASX
- Founded: 2007
- Industry: Diversified Metals and Mining
- Sector: Materials
- Market Cap: AU$3.050b
- Shares outstanding: 2.42b
- Website: https://www.nickelmines.com.au
- Nickel Mines Limited
- 66 Hunter Street
- Level 2
- New South Wales
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|NIC||ASX (Australian Securities Exchange)||Yes||Ordinary Shares||AU||AUD||Aug 2018|
|NIC||CHIA (Chi-X Australia)||Yes||Ordinary Shares||AU||AUD||Aug 2018|
|NICM.F||OTCPK (Pink Sheets LLC)||Yes||Ordinary Shares||US||USD||Aug 2018|
Nickel Mines Limited produces 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 6,249 hectares located in th...
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/01/18 07:07|
|End of Day Share Price||2021/01/18 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.