Nickel Asia (PSE:NIKL) - Stock Price, News & Analysis

NIKL Stock Overview

Engages in the mining and exploration of nickel saprolite, limonite ore, limestone, and quarry materials in the Philippines. More details

NIKL fundamental analysis
Snowflake Score
Valuation	1/6
Future Growth	1/6
Past Performance	2/6
Financial Health	5/6
Dividends	3/6

Rewards

Price-To-Earnings ratio (16.3x) is below the Metals and Mining industry average (19.6x)

Earnings are forecast to grow 9.69% per year

Risk Analysis

Dividend of 6.43% is not well covered by free cash flows

Profit margins (12.3%) are lower than last year (18.8%)

Nickel Asia Corporation Competitors

Philex Mining

PSE:PX

₱16.1b

OceanaGold (Philippines)

PSE:OGP

₱32.5b

Global Ferronickel Holdings

PSE:FNI

₱6.7b

Benguet

PSE:BC

₱2.6b

Price History & Performance

Summary of all time highs, changes and price drops for Nickel Asia
Historical stock prices
Current Share Price	₱3.11
52 Week High	₱5.48
52 Week Low	₱3.07
Beta	1.32
11 Month Change	-7.72%
3 Month Change	-2.20%
1 Year Change	-38.66%
33 Year Change	-40.08%
5 Year Change	0.65%
Change since IPO	90.84%

Recent updates

Shareholder Returns

	NIKL	PH Metals and Mining	PH Market
7D	-1.9%	-1.2%	3.6%
1Y	-38.7%	-19.3%	14.8%

Return vs Industry: NIKL underperformed the PH Metals and Mining industry which returned -19.3% over the past year.

Return vs Market: NIKL underperformed the PH Market which returned 14.8% over the past year.

Price Volatility

Is NIKL's price volatile compared to industry and market?
NIKL volatility
NIKL Average Weekly Movement	5.4%
Metals and Mining Industry Average Movement	5.7%
Market Average Movement	5.1%
10% most volatile stocks in PH Market	9.8%
10% least volatile stocks in PH Market	2.9%

Stable Share Price: NIKL has not had significant price volatility in the past 3 months compared to the PH market.

Volatility Over Time: NIKL's weekly volatility (5%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
1977	2,294	Martin Antonio Zamora	www.nickelasia.com

Nickel Asia Corporation engages in the mining and exploration of nickel saprolite, limonite ore, limestone, and quarry materials in the Philippines. It operates through Mining, Services, and Power segments. The company operates five mines, including the Rio Tuba, Taganito, Tagana-an, Cagdianao, and Dinapigue mines located in the Philippines.

Nickel Asia Corporation Fundamentals Summary

How do Nickel Asia's earnings and revenue compare to its market cap?
NIKL fundamental statistics
Market cap	₱43.33b
Earnings (TTM)	₱2.66b
Revenue (TTM)	₱21.61b

16.3x

P/E Ratio

2.0x

P/S Ratio

Is NIKL overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
NIKL income statement (TTM)
Revenue	₱21.61b
Cost of Revenue	₱13.22b
Gross Profit	₱8.39b
Other Expenses	₱5.73b
Earnings	₱2.66b

Last Reported Earnings

Sep 30, 2024

Next Earnings Date

Nov 25, 2024

Earnings per share (EPS)	0.19
Gross Margin	38.82%
Net Profit Margin	12.29%
Debt/Equity Ratio	20.8%

How did NIKL perform over the long term?

See historical performance and comparison

Dividends

6.4%

Current Dividend Yield

42%

Payout Ratio

NIKL Stock Overview

Rewards

Risk Analysis

Nickel Asia Corporation Competitors

PSE:PX

₱16.1b

PSE:OGP

₱32.5b

PSE:FNI

₱6.7b

PSE:BC

₱2.6b

Price History & Performance

Recent News & Updates

Third quarter 2024 earnings released: EPS: ₱0.10 (vs ₱0.13 in 3Q 2023)

Investor sentiment improves as stock rises 16%

Consensus EPS estimates fall by 12%

Second quarter 2024 earnings released: EPS: ₱0.07 (vs ₱0.063 in 2Q 2023)

Insider recently bought ₱363k worth of stock

Insider recently bought ₱365k worth of stock

Recent updates

Third quarter 2024 earnings released: EPS: ₱0.10 (vs ₱0.13 in 3Q 2023)

Investor sentiment improves as stock rises 16%

Consensus EPS estimates fall by 12%

Second quarter 2024 earnings released: EPS: ₱0.07 (vs ₱0.063 in 2Q 2023)

Insider recently bought ₱363k worth of stock

Insider recently bought ₱365k worth of stock

Price target decreased by 24% to ₱4.46

Nickel Asia Corporation Announces Committee Changes

First quarter 2024 earnings released: EPS: ₱0.01 (vs ₱0.067 in 1Q 2023)

Price target decreased by 9.0% to ₱5.20

Consensus EPS estimates fall by 41%

Insider recently sold ₱396k worth of stock

Full year 2023 earnings: EPS and revenues miss analyst expectations

Insider recently sold ₱3.2m worth of stock

Upcoming dividend of ₱0.13 per share

Dividend of ₱0.13 announced

Nickel Asia Corporation, Annual General Meeting, Jun 07, 2024

Price target decreased by 13% to ₱6.69

Independent Director recently bought ₱519k worth of stock

Independent Director recently bought ₱4.9m worth of stock

Consensus EPS estimates increase by 19%

Upcoming dividend of ₱0.07 per share at 7.7% yield

New minor risk - Shareholder dilution

Third quarter 2023 earnings released: EPS: ₱0.13 (vs ₱0.23 in 3Q 2022)

Nickel Asia Corporation Approves Declaration of Special Cash Dividend , Payable on December 7, 2023

Insider recently bought ₱210k worth of stock

Investor sentiment improves as stock rises 16%

Key Executive recently bought ₱386k worth of stock

Independent Director recently bought ₱4.1m worth of stock

Consensus EPS estimates fall by 17%

New minor risk - Profit margin trend

Second quarter 2023 earnings released: EPS: ₱0.06 (vs ₱0.20 in 2Q 2022)

Independent Director recently bought ₱1.4m worth of stock

Independent Director recently bought ₱464k worth of stock

First quarter 2023 earnings released: EPS: ₱0.07 (vs ₱0.079 in 1Q 2022)

Insider recently sold ₱1.1m worth of stock

Consensus EPS estimates fall by 26%

Price target decreased by 7.9% to ₱8.57

Upcoming dividend of ₱0.17 per share at 6.0% yield

Full year 2022 earnings released: EPS: ₱0.58 (vs ₱0.57 in FY 2021)

Investor sentiment improves as stock rises 16%

Price target increased to ₱9.49

Consensus forecasts updated

Less than half of directors are independent

Nickel Asia Corporation Announces Special Dividend, Payable on December 9, 2022

Nickel Asia Corporation (PSE:NIKL) acquire 5.625% of Coral Bay Nickel Corporation from Sumitomo Metal Mining Co., Ltd. (TSE:5713) for $26 million.

Price target decreased to ₱8.78

Now 20% undervalued after recent price drop

Insider recently bought ₱189k worth of stock

Nickel Asia Corporation Announces Board Changes

Second quarter 2022 earnings released: EPS: ₱0.20 (vs ₱0.16 in 2Q 2021)

Nickel Asia Corporation Announces Board Changes

First quarter 2022 earnings: EPS and revenues exceed analyst expectations

Price target increased to ₱8.88

Less than half of directors are independent

Nickel Asia Corporation Declares Special Cash Dividends, Payable on April 7, 2022

Consensus forecasts updated

Price target increased to ₱8.88

Upcoming dividend of ₱0.22 per share