Nickel Asia (NIKL) Stock Overview
Engages in the mining and exploration of nickel saprolite, limonite ore, limestone, and quarry materials in the Philippines. More details
| Snowflake Score | |
|---|---|
| Valuation | 3/6 |
| Future Growth | 0/6 |
| Past Performance | 4/6 |
| Financial Health | 5/6 |
| Dividends | 3/6 |
NIKL Community Fair Values
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Analyst Price Targets
Top Community Narratives
₱5.18
FV
28.6% undervalued intrinsic discount29.04%
Revenue growth p.a.
117
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Nickel Asia Corporation Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | ₱3.70 |
| 52 Week High | ₱5.73 |
| 52 Week Low | ₱2.15 |
| Beta | 0.93 |
| 1 Month Change | 1.93% |
| 3 Month Change | -28.85% |
| 1 Year Change | 59.48% |
| 3 Year Change | -41.73% |
| 5 Year Change | -36.97% |
| Change since IPO | 127.05% |
Recent News & Updates
Narrative Update • Jul 20
NIKL: Higher Profitability Assumptions Will Support Stronger Forward Earnings Power
Analysts have revised their fair value estimate for Nickel Asia to ₱6.00 from ₱4.40, citing updated assumptions on revenue growth, profit margins, discount rate and future P/E that they view as better reflected in the current valuation. What's in the News for Nickel Asia Nickel Asia scheduled a board meeting on Jun 05, 2026 to consider the election of officers for the ensuing year, including their corresponding shareholdings in the issuer.
Narrative Update • Jul 06
NIKL: Higher Profitability Assumptions Will Support Stronger Future Share Repricing
Analysts lifted their fair value estimate for Nickel Asia from ₱3.15 to ₱4.20, citing updated assumptions around revenue growth, profit margins, and a lower future P/E multiple as key drivers of the higher price target. What’s in the News for Nickel Asia A board meeting is scheduled for June 5, 2026, to consider the election of officers for the ensuing year, including a review of their corresponding shareholdings in Nickel Asia Corporation.
Narrative Update • Jun 22
NIKL: Future Returns Will Rely On Dividends And Board Appointment Stability
Analysts have trimmed their fair value estimate for Nickel Asia from ₱5.60 to ₱5.10, citing updated assumptions for revenue growth, profit margins, discount rate and future P/E that align their price target more closely with recent valuation work in broader research. What's in the News Nickel Asia has scheduled a board meeting on June 5, 2026, to consider the election of officers for the ensuing year, review their corresponding shareholdings in the issuer, finalize the list of board committees and memberships, and address other material resolutions, transactions, and corporate actions.Narrative Update • Jun 05
NIKL: Future Returns Will Rely On Dividends And Stable Board Stewardship
Analysts have revised their price target on Nickel Asia to ₱5.60. This change reflects updated assumptions on the discount rate, revenue growth, profit margins, and a revised future P/E multiple, similar to how other stocks have seen rating changes as valuations are reassessed.Recent updates
Narrative Update • Jul 20
NIKL: Higher Profitability Assumptions Will Support Stronger Forward Earnings Power
Analysts have revised their fair value estimate for Nickel Asia to ₱6.00 from ₱4.40, citing updated assumptions on revenue growth, profit margins, discount rate and future P/E that they view as better reflected in the current valuation. What's in the News for Nickel Asia Nickel Asia scheduled a board meeting on Jun 05, 2026 to consider the election of officers for the ensuing year, including their corresponding shareholdings in the issuer.Narrative Update • Jul 06
NIKL: Higher Profitability Assumptions Will Support Stronger Future Share Repricing
Analysts lifted their fair value estimate for Nickel Asia from ₱3.15 to ₱4.20, citing updated assumptions around revenue growth, profit margins, and a lower future P/E multiple as key drivers of the higher price target. What’s in the News for Nickel Asia A board meeting is scheduled for June 5, 2026, to consider the election of officers for the ensuing year, including a review of their corresponding shareholdings in Nickel Asia Corporation.Narrative Update • Jun 22
NIKL: Future Returns Will Rely On Dividends And Board Appointment Stability
Analysts have trimmed their fair value estimate for Nickel Asia from ₱5.60 to ₱5.10, citing updated assumptions for revenue growth, profit margins, discount rate and future P/E that align their price target more closely with recent valuation work in broader research. What's in the News Nickel Asia has scheduled a board meeting on June 5, 2026, to consider the election of officers for the ensuing year, review their corresponding shareholdings in the issuer, finalize the list of board committees and memberships, and address other material resolutions, transactions, and corporate actions.Narrative Update • Jun 05
NIKL: Future Returns Will Rely On Dividends And Stable Board Stewardship
Analysts have revised their price target on Nickel Asia to ₱5.60. This change reflects updated assumptions on the discount rate, revenue growth, profit margins, and a revised future P/E multiple, similar to how other stocks have seen rating changes as valuations are reassessed.Narrative Update • May 14
NIKL: Future Returns Will Rely On Dividends And New Subsidiaries
Analysts have raised their fair value estimate for Nickel Asia from ₱4.95 to ₱5.60. This change reflects updated assumptions around revenue growth, profit margins and a lower forward P/E multiple.Narrative Update • Apr 24
NIKL: Future Returns Will Depend On Dividends And New Subsidiaries
Analysts have kept their fair value estimate for Nickel Asia steady at ₱4.95 per share, with only small model tweaks to the discount rate, long term revenue growth, profit margin and future P/E underpinning the unchanged price target. What's in the News The board has set a meeting for February 25, 2026 to consider the appointment of Mr. Joselito G.Narrative Update • Apr 09
NIKL: Steady Outlook Will Rely On Dividends And New Subsidiaries
Nickel Asia's analyst price target remains at ₱4.95. Analysts cite relatively unchanged fair value estimates and only minor tweaks to the discount rate and forward P/E assumptions as support for holding the line on valuation.Narrative Update • Mar 26
NIKL: Higher Profitability Expectations And Energy Expansion Will Support Future Upside
Analysts have raised their fair value estimate for Nickel Asia from ₱4.30 to ₱4.95, citing updated assumptions for the discount rate, revenue growth, profit margin and future P/E as the key drivers behind the change. What's in the News A board meeting is scheduled for February 25, 2026 to consider the appointment of Mr. Joselito G.Narrative Update • Mar 11
NIKL: Higher Discount Rate And Weaker Margins Will Restrain Future Upside
Analysts have updated their view on Nickel Asia, keeping fair value steady at ₱4.30 while adjusting assumptions for the discount rate, revenue growth, profit margin, and forward P/E. These changes feed into a refreshed price target narrative for the stock.Narrative Update • Feb 25
NIKL: Lower Future P/E Multiple Will Limit Share Price Upside
Analysts have lifted their fair value estimate for Nickel Asia from ₱4.10 to ₱4.30, reflecting updated assumptions on revenue growth, profit margin and a lower future P/E multiple. Valuation Changes Fair Value: Raised slightly from ₱4.10 to ₱4.30 per share.Narrative Update • Feb 10
NIKL: Higher P/E And Special Dividend Will Constrain Future Returns
Analysts have lifted their fair value estimate for Nickel Asia from ₱3.58 to ₱4.10, reflecting updated assumptions around revenue growth, profit margins and the discount rate, as well as a slightly higher forward P/E outlook. What's in the News A board meeting is scheduled for November 11, 2025 to consider promotion and appointment, expansion of role, change of scope and title, and other matters (company disclosure).Narrative Update • Jan 27
NIKL: Softer Revenue Outlook And Higher Discount Rate Will Pressure Shares
Analysts have trimmed their fair value estimate for Nickel Asia from $3.85 to $3.58, citing more cautious assumptions on revenue growth, profit margins and a higher discount rate, which are partly offset by a higher future P/E multiple. What's in the News A board meeting is scheduled for November 11, 2025, with an agenda that includes promotion and appointment, expansion of role, change of scope and title, and other related matters.Narrative Update • Sep 22
EV Adoption And Renewable Energy Integration Will Energize Nickel Markets
Upgrades to consensus revenue growth forecasts from 1.7% to 5.6% per annum and a higher expected future P/E multiple have driven the Analyst Price Target for Nickel Asia up from ₱3.22 to ₱3.85. What's in the News Board approved the establishment of a new wholly-owned real estate subsidiary with PHP 1 billion authorized capital; initial subscription of PHP 250 million.New Narrative • Sep 07
EV Adoption And Renewable Energy Integration Will Energize Nickel Markets
Key Takeaways Expansion into renewable energy and downstream processing aims to diversify revenue and improve margins, while divestments free up capital for growth initiatives. Tight nickel supply and increasing global demand are expected to sustain high prices, supporting revenue growth and stable long-term cash flow.Shareholder Returns
| NIKL | PH Metals and Mining | PH Market | |
|---|---|---|---|
| 7D | 3.9% | 8.7% | -0.6% |
| 1Y | 59.5% | 68.5% | -2.4% |
Return vs Industry: NIKL underperformed the PH Metals and Mining industry which returned 68.5% over the past year.
Return vs Market: NIKL exceeded the PH Market which returned -2.4% over the past year.
Price Volatility
| NIKL volatility | |
|---|---|
| NIKL Average Weekly Movement | 6.7% |
| Metals and Mining Industry Average Movement | 6.7% |
| Market Average Movement | 5.1% |
| 10% most volatile stocks in PH Market | 10.2% |
| 10% least volatile stocks in PH Market | 2.5% |
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 (7%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 1977 | 2,337 | 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 six mines, including the Rio Tuba, Taganito, Tagana-an, Cagdianao, Manicani, and Dinapigue mines located in the Philippines.
Nickel Asia Corporation Fundamentals Summary
| NIKL fundamental statistics | |
|---|---|
| Market cap | ₱52.38b |
| Earnings (TTM) | ₱6.14b |
| Revenue (TTM) | ₱28.75b |
8.4x
P/E Ratio1.8x
P/S RatioIs NIKL overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| NIKL income statement (TTM) | |
|---|---|
| Revenue | ₱28.75b |
| Cost of Revenue | ₱14.93b |
| Gross Profit | ₱13.82b |
| Other Expenses | ₱7.68b |
| Earnings | ₱6.14b |
Last Reported Earnings
Mar 31, 2026
Next Earnings Date
Aug 07, 2026
| Earnings per share (EPS) | 0.44 |
| Gross Margin | 48.07% |
| Net Profit Margin | 21.35% |
| Debt/Equity Ratio | 24.8% |
How did NIKL perform over the long term?
See historical performance and comparisonDividends
5.7%
Current Dividend Yield32%
Payout RatioCompany Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/07/27 11:24 |
| End of Day Share Price | 2026/07/27 00:00 |
| Earnings | 2026/03/31 |
| Annual Earnings | 2025/12/31 |
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 |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| 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
Nickel Asia Corporation is covered by 7 analysts. 2 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 |
|---|---|
| Philip Felix | BofA Global Research |
| Edser Trinidad | CGS International |
| Amos Ong | CLSA |