NIKL Stock Overview
Nickel Asia Corporation engages in the mining and exploration of nickel saprolite, limonite ore, limestone, and quarry materials in the Philippines.
Nickel Asia Competitors
Price History & Performance
|Historical stock prices|
|Current Share Price||₱6.33|
|52 Week High||₱9.77|
|52 Week Low||₱4.88|
|1 Month Change||-12.33%|
|3 Month Change||-21.17%|
|1 Year Change||13.24%|
|3 Year Change||181.33%|
|5 Year Change||80.86%|
|Change since IPO||288.43%|
Recent News & Updates
|NIKL||PH Metals and Mining||PH Market|
Return vs Industry: NIKL exceeded the PH Metals and Mining industry which returned -23.8% over the past year.
Return vs Market: NIKL exceeded the PH Market which returned -10.1% over the past year.
|NIKL Average Weekly Movement||7.2%|
|Metals and Mining Industry Average Movement||6.3%|
|Market Average Movement||5.4%|
|10% most volatile stocks in PH Market||10.4%|
|10% least volatile stocks in PH Market||3.1%|
Stable Share Price: NIKL is more volatile than 75% of PH stocks over the past 3 months, typically moving +/- 7% a week.
Volatility Over Time: NIKL's weekly volatility (7%) has been stable over the past year, but is still higher than 75% of PH stocks.
About the Company
|1977||1,942||Martin Antonio Zamora||https://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 four mines, including Rio Tuba, Taganito, Cagdianao, and Taganaan mines located in the Philippines.
Nickel Asia Fundamentals Summary
|NIKL fundamental statistics|
Is NIKL overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|NIKL income statement (TTM)|
|Cost of Revenue||₱12.17b|
Last Reported Earnings
Mar 31, 2022
Next Earnings Date
|Earnings per share (EPS)||0.61|
|Net Profit Margin||30.83%|
How did NIKL perform over the long term?See historical performance and comparison
7.0%Current Dividend Yield
Is NIKL undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score 4/6
Price-To-Earnings vs Peers
Price-To-Earnings vs Industry
Price-To-Earnings vs Fair Ratio
Below Fair Value
Significantly Below Fair Value
Key Valuation Metric
Which metric is best to use when looking at relative valuation for NIKL?
Other financial metrics that can be useful for relative valuation.
|What is NIKL's n/a Ratio?|
Price to Earnings Ratio vs Peers
How does NIKL's PE Ratio compare to its peers?
|NIKL PE Ratio vs Peers|
|Company||PE||Estimated Growth||Market Cap|
PX Philex Mining
FNI Global Ferronickel Holdings
MARC Marcventures Holdings
NIKL Nickel Asia
Price-To-Earnings vs Peers: NIKL is expensive based on its Price-To-Earnings Ratio (10.4x) compared to the peer average (5.2x).
Price to Earnings Ratio vs Industry
How does NIKL's PE Ratio compare vs other companies in the Asian Metals and Mining Industry?
Price-To-Earnings vs Industry: NIKL is expensive based on its Price-To-Earnings Ratio (10.4x) compared to the PH Metals and Mining industry average (6.6x)
Price to Earnings Ratio vs Fair Ratio
What is NIKL's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.
|Current PE Ratio||10.4x|
|Fair PE Ratio||28.2x|
Price-To-Earnings vs Fair Ratio: NIKL is good value based on its Price-To-Earnings Ratio (10.4x) compared to the estimated Fair Price-To-Earnings Ratio (28.2x).
Share Price vs Fair Value
What is the Fair Price of NIKL when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: NIKL (₱6.33) is trading below our estimate of fair value (₱14.08)
Significantly Below Fair Value: NIKL is trading below fair value by more than 20%.
Price to Earnings Growth Ratio
PEG Ratio: NIKL is good value based on its PEG Ratio (0.3x)
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How is Nickel Asia forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?
Future Growth Score3/6
Future Growth Score 3/6
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: NIKL's forecast earnings growth (29.9% per year) is above the savings rate (5%).
Earnings vs Market: NIKL's earnings (29.9% per year) are forecast to grow faster than the PH market (21.3% per year).
High Growth Earnings: NIKL's earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: Insufficient data to determine if NIKL's revenue is forecast to grow faster than the PH market.
High Growth Revenue: Insufficient data to determine if NIKL's revenue is forecast to grow faster than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: Insufficient data to determine if NIKL's Return on Equity is forecast to be high in 3 years time
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How has Nickel Asia performed over the past 5 years?
Past Performance Score6/6
Past Performance Score 6/6
Growing Profit Margin
Earnings vs Industry
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: NIKL has high quality earnings.
Growing Profit Margin: NIKL's current net profit margins (30.8%) are higher than last year (21.5%).
Past Earnings Growth Analysis
Earnings Trend: NIKL's earnings have grown significantly by 23% per year over the past 5 years.
Accelerating Growth: NIKL's earnings growth over the past year (74.7%) exceeds its 5-year average (23% per year).
Earnings vs Industry: NIKL earnings growth over the past year (74.7%) exceeded the Metals and Mining industry 57%.
Return on Equity
High ROE: NIKL's Return on Equity (29.6%) is considered high.
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How is Nickel Asia's financial position?
Financial Health Score6/6
Financial Health Score 6/6
Short Term Liabilities
Long Term Liabilities
Financial Position Analysis
Short Term Liabilities: NIKL's short term assets (₱23.6B) exceed its short term liabilities (₱10.3B).
Long Term Liabilities: NIKL's short term assets (₱23.6B) exceed its long term liabilities (₱3.6B).
Debt to Equity History and Analysis
Debt Level: NIKL has more cash than its total debt.
Reducing Debt: NIKL's debt to equity ratio has reduced from 14.9% to 6.8% over the past 5 years.
Debt Coverage: NIKL's debt is well covered by operating cash flow (430.9%).
Interest Coverage: NIKL's interest payments on its debt are well covered by EBIT (1149.5x coverage).
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What is Nickel Asia current dividend yield, its reliability and sustainability?
Dividend Score 4/6
Future Dividend Coverage
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: NIKL's dividend (6.95%) is higher than the bottom 25% of dividend payers in the PH market (1.53%).
High Dividend: NIKL's dividend (6.95%) is in the top 25% of dividend payers in the PH market (5.01%)
Stability and Growth of Payments
Stable Dividend: NIKL's dividend payments have been volatile in the past 10 years.
Growing Dividend: NIKL's dividend payments have increased over the past 10 years.
Earnings Payout to Shareholders
Earnings Coverage: With its reasonably low payout ratio (28%), NIKL's dividend payments are well covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: With its reasonable cash payout ratio (65.7%), NIKL's dividend payments are covered by cash flows.
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How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Martin Antonio Zamora (50 yo)
Mr. Martin Antonio G. Zamora has been the President of Nickel Asia Corporation since August 7, 2018 and its Chief Executive Officer since January 1, 2020. Mr. Zamora served as an Executive Vice President a...
Experienced Management: NIKL's management team is not considered experienced ( 1.5 years average tenure), which suggests a new team.
Experienced Board: NIKL's board of directors are not considered experienced ( 1.6 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: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Nickel Asia Corporation's employee growth, exchange listings and data sources
- Name: Nickel Asia Corporation
- Ticker: NIKL
- Exchange: PSE
- Founded: 1977
- Industry: Diversified Metals and Mining
- Sector: Materials
- Implied Market Cap: ₱86.283b
- Shares outstanding: 13.63b
- Website: https://www.nickelasia.com
Number of Employees
- Nickel Asia Corporation
- NAC Tower
- 28th Floor
- Taguig City
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2022/07/03 00:00|
|End of Day Share Price||2022/07/01 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.