Nick Scali Past Earnings Performance
Past criteria checks 3/6
Nick Scali's earnings have been declining at an average annual rate of -3.1%, while the Specialty Retail industry saw earnings declining at 4% annually. Revenues have been growing at an average rate of 7.2% per year. Nick Scali's return on equity is 24.7%, and it has net margins of 13.4%.
Key information
-3.05%
Earnings growth rate
-3.98%
EPS growth rate
| Specialty Retail Industry Growth | 19.75% |
| Revenue growth rate | 7.18% |
| Return on equity | 24.68% |
| Net Margin | 13.36% |
| Last Earnings Update | 31 Dec 2025 |
Recent past performance updates
Recent updates
Narrative Update • Jun 26
NCK: Repriced Forecasts Will Support A More Attractive Future Earnings Multiple
The analyst price target for Nick Scali has been revised from A$29.30 to A$26.43. Analysts cited adjustments to fair value, discount rate, forecast revenue growth, and profit margins, while keeping future P/E assumptions broadly consistent.
Narrative Update • Jun 11
NCK: Future Returns Will Be Supported By Steady Margins And Fair Pricing
Analysts have trimmed their price target for Nick Scali to A$18.73 from A$19.20 as they now apply a slightly lower discount rate and make modest adjustments to assumptions for revenue growth, profit margins and future P/E. What's in the News No recent company specific news, periodical coverage or key developments for Nick Scali are provided in the available sources.Narrative Update • May 28
NCK: Future Returns Will Be Supported By Stable Margins And Fair Pricing
Analysts have revised their fair value estimate for Nick Scali to A$19.20 from A$25.73 as they update assumptions around discount rates, revenue growth, profit margins and future P/E multiples. What's in the News Nick Scali Limited appointed Keith Toms as Chief Financial Officer, bringing experience from ASX-listed companies, global multinationals and high growth start ups, including prior roles at mycar, Qantas, Coty and Koala (Key Developments).Narrative Update • Feb 08
NCK: Future Returns Will Be Supported By Stable Margins And Fair Pricing
Analysts have nudged their price target for Nick Scali slightly higher, with fair value moving from A$25.66 to A$25.73 as they fine tune assumptions around discount rates, revenue growth, profit margins and future P/E multiples. Valuation Changes The Fair Value Estimate has risen slightly, moving from A$25.66 to A$25.73 per share.Analysis Article • Jan 30
When Should You Buy Nick Scali Limited (ASX:NCK)?
Nick Scali Limited ( ASX:NCK ), might not be a large cap stock, but it saw a double-digit share price rise of over 10...Narrative Update • Jan 24
NCK: Future Returns Will Be Supported By Stable Margins And Fair Pricing
Analysts have nudged their price target on Nick Scali slightly higher, to A$25.66 from A$25.56, reflecting small adjustments to their fair value, discount rate, revenue growth, profit margin and future P/E assumptions. Valuation Changes Fair Value: Adjusted slightly higher from A$25.56 to A$25.66 per share.Narrative Update • Jan 10
NCK: Future Returns Will Be Underpinned By Stable Margins And Fair Pricing
Analysts have kept their A$25.56 price target for Nick Scali broadly unchanged, with only small tweaks to inputs such as the discount rate and future P/E, reflecting fine tuning rather than a shift in their overall view on the stock. Valuation Changes Fair Value: The model fair value estimate is unchanged at A$25.56 per share.Narrative Update • Dec 26
NCK: Future Returns Are Expected To Remain Supported By Stable Margins
Analysts have inched up their price target on Nick Scali by approximately $0.07, citing slightly stronger long term revenue growth expectations and a marginally lower discount rate. These factors more than offset a modest trim to projected profit margins and future valuation multiples.Narrative Update • Dec 11
NCK: Shares Will Rise As Stable Margins Support Strong Future Returns
Analysts have modestly raised their price target on Nick Scali to approximately $25.49 per share, citing a slightly higher required return and marginally richer future valuation multiples, while retaining broadly unchanged growth and margin expectations. Valuation Changes Fair Value: Unchanged at approximately A$25.49 per share, indicating no revision to the intrinsic valuation estimate.Analysis Article • Nov 28
Investors Interested In Nick Scali Limited's (ASX:NCK) Earnings
With a price-to-earnings (or "P/E") ratio of 35.4x Nick Scali Limited ( ASX:NCK ) may be sending very bearish signals...Narrative Update • Nov 27
NCK: Shares Will Reflect Balanced Outlook Amid Stable Profit Margins
Analysts have modestly raised their price target for Nick Scali from $25.32 to $25.49 per share, citing slightly improved long-term profitability expectations and a minor uptick in the company's projected growth metrics. Valuation Changes Fair Value has increased marginally from A$25.32 to A$25.49 per share.Narrative Update • Nov 13
NCK: Shares Will Reflect Balanced Outlook Amid Stable Profit Margins
Analysts have raised their price target for Nick Scali from $23.14 to $25.32 per share, citing modest improvements in forecasted revenue growth and profit margins. Valuation Changes Fair Value: Increased from A$23.14 to A$25.32 per share.Narrative Update • Oct 29
Sales Momentum And Higher Margins Will Help Drive Balanced Returns Ahead
Analysts have increased their price target for Nick Scali from $21.58 to $23.14, citing modest improvements in revenue growth and profit margin projections. What's in the News Nick Scali Limited issued new revenue guidance for the first quarter of 2026, projecting increased written sales for July by 7.7%.Analysis Article • Sep 26
Nick Scali's (ASX:NCK) Dividend Will Be A$0.33
Nick Scali Limited ( ASX:NCK ) will pay a dividend of A$0.33 on the 28th of October. This payment means the dividend...Analysis Article • Sep 10
Nick Scali (ASX:NCK) Has Announced A Dividend Of A$0.33
Nick Scali Limited's ( ASX:NCK ) investors are due to receive a payment of A$0.33 per share on 28th of October. This...Analysis Article • Aug 29
After Leaping 27% Nick Scali Limited (ASX:NCK) Shares Are Not Flying Under The Radar
The Nick Scali Limited ( ASX:NCK ) share price has done very well over the last month, posting an excellent gain of...Analysis Article • Aug 26
Is There An Opportunity With Nick Scali Limited's (ASX:NCK) 30% Undervaluation?
Key Insights Nick Scali's estimated fair value is AU$34.09 based on 2 Stage Free Cash Flow to Equity Current share...Analysis Article • Aug 13
Nick Scali (ASX:NCK) Has Announced A Dividend Of A$0.33
The board of Nick Scali Limited ( ASX:NCK ) has announced that it will pay a dividend of A$0.33 per share on the 28th...New Narrative • Aug 10
Expanding ANZ Stores And UK Turnaround Will Empower Retail Evolution
Expansion in Australia, New Zealand, and the U.K., combined with new store openings and refurbishments, supports sustainable revenue and earnings growth.Analysis Article • Feb 15
Nick Scali (ASX:NCK) Is Reducing Its Dividend To A$0.30
Nick Scali Limited's ( ASX:NCK ) dividend is being reduced from last year's payment covering the same period to A$0.30...Analysis Article • Dec 14
These 4 Measures Indicate That Nick Scali (ASX:NCK) Is Using Debt Safely
The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...Analysis Article • Aug 28
Nick Scali (ASX:NCK) Has Announced A Dividend Of A$0.35
The board of Nick Scali Limited ( ASX:NCK ) has announced that it will pay a dividend of A$0.35 per share on the 18th...Analysis Article • Aug 13
Nick Scali (ASX:NCK) Will Pay A Dividend Of A$0.35
The board of Nick Scali Limited ( ASX:NCK ) has announced that it will pay a dividend on the 18th of October, with...Analysis Article • Feb 08
Nick Scali's (ASX:NCK) Shareholders Will Receive A Bigger Dividend Than Last Year
Nick Scali Limited ( ASX:NCK ) will increase its dividend from last year's comparable payment on the 28th of March to...Analysis Article • Nov 24
Is It Too Late To Consider Buying Nick Scali Limited (ASX:NCK)?
While Nick Scali Limited ( ASX:NCK ) might not be the most widely known stock at the moment, it saw a double-digit...Analysis Article • Sep 27
Nick Scali's (ASX:NCK) Dividend Will Be Increased To A$0.35
Nick Scali Limited ( ASX:NCK ) will increase its dividend from last year's comparable payment on the 24th of October to...Revenue & Expenses Breakdown
Revenue & Expenses Breakdown
How Nick Scali makes and spends money. Based on latest reported earnings, on an LTM basis.
Earnings and Revenue History
| Date | Revenue | Earnings | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 31 Dec 25 | 513 | 69 | 163 | 0 |
| 30 Sep 25 | 504 | 63 | 161 | 0 |
| 30 Jun 25 | 495 | 58 | 160 | 0 |
| 31 Mar 25 | 494 | 63 | 156 | 0 |
| 31 Dec 24 | 493 | 68 | 152 | 0 |
| 30 Sep 24 | 480 | 74 | 143 | 0 |
| 30 Jun 24 | 468 | 81 | 134 | 0 |
| 31 Mar 24 | 459 | 82 | 128 | 0 |
| 31 Dec 23 | 450 | 84 | 123 | 0 |
| 30 Sep 23 | 479 | 92 | 125 | 0 |
| 30 Jun 23 | 508 | 101 | 128 | 0 |
| 31 Mar 23 | 526 | 102 | 128 | 0 |
| 31 Dec 22 | 545 | 102 | 129 | 0 |
| 30 Sep 22 | 493 | 88 | 119 | 0 |
| 30 Jun 22 | 441 | 75 | 109 | 0 |
| 31 Mar 22 | 412 | 76 | 100 | 0 |
| 31 Dec 21 | 382 | 77 | 91 | 0 |
| 30 Sep 21 | 378 | 81 | 87 | 0 |
| 30 Jun 21 | 373 | 84 | 83 | 0 |
| 31 Mar 21 | 335 | 73 | 80 | 0 |
| 31 Dec 20 | 296 | 61 | 76 | 0 |
| 30 Sep 20 | 279 | 52 | 77 | 0 |
| 30 Jun 20 | 262 | 42 | 78 | 0 |
| 31 Mar 20 | 263 | 40 | 86 | 0 |
| 31 Dec 19 | 264 | 38 | 95 | 0 |
| 30 Sep 19 | 266 | 40 | 100 | 0 |
| 30 Jun 19 | 268 | 42 | 106 | 0 |
| 31 Mar 19 | 266 | 42 | 104 | 0 |
| 31 Dec 18 | 264 | 43 | 102 | 0 |
| 30 Sep 18 | 257 | 42 | 99 | 0 |
| 30 Jun 18 | 251 | 41 | 96 | 0 |
| 31 Mar 18 | 247 | 41 | 94 | 0 |
| 31 Dec 17 | 242 | 40 | 93 | 0 |
| 30 Sep 17 | 238 | 39 | 92 | 0 |
| 30 Jun 17 | 233 | 37 | 91 | 0 |
| 31 Mar 17 | 226 | 35 | 88 | 0 |
| 31 Dec 16 | 219 | 32 | 86 | 0 |
| 30 Sep 16 | 211 | 29 | 85 | 0 |
| 30 Jun 16 | 203 | 26 | 84 | 0 |
| 31 Mar 16 | 192 | 24 | 81 | 0 |
| 31 Dec 15 | 181 | 21 | 77 | 0 |
| 30 Sep 15 | 168 | 19 | 73 | 0 |
Quality Earnings: NCK has high quality earnings.
Growing Profit Margin: NCK's current net profit margins (13.4%) are lower than last year (13.7%).
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: NCK's earnings have declined by 3.1% per year over the past 5 years.
Accelerating Growth: NCK's earnings growth over the past year (1.5%) exceeds its 5-year average (-3.1% per year).
Earnings vs Industry: NCK earnings growth over the past year (1.5%) did not outperform the Specialty Retail industry 2.8%.
Return on Equity
High ROE: NCK's Return on Equity (24.7%) is considered high.
Return on Assets
Return on Capital Employed
Discover strong past performing companies
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/07/04 22:24 |
| End of Day Share Price | 2026/07/03 00:00 |
| Earnings | 2025/12/31 |
| Annual Earnings | 2025/06/30 |
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 |
| |
| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
| |
| Ownership | 10 years |
| |
| 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
Nick Scali Limited is covered by 21 analysts. 11 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 |
|---|---|
| Peter Marks | Barrenjoey Markets Pty Limited |
| Daniel Morgan | Barrenjoey Markets Pty Limited |
| Thomas Kierath | Barrenjoey Markets Pty Limited |