Nickel Asia Corporation

PSE:NIKL Stock Report

Market Cap: ₱34.7b

Nickel Asia Valuation

Is NIKL undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

3/6

Valuation Score 3/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

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.

Discounted Cash Flow
Simply Wall St
₱2.52
Fair Value
1.3% undervalued intrinsic discount
2
Number of Analysts

Below Fair Value: NIKL (₱2.49) is trading below our estimate of fair value (₱2.52)

Significantly Below Fair Value: NIKL is trading below fair value, but not by a significant amount.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for NIKL?

Key metric: As NIKL is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for NIKL. This is calculated by dividing NIKL's market cap by their current earnings.
What is NIKL's PE Ratio?
PE Ratio13.1x
Earnings₱2.66b
Market Cap₱34.69b

Price to Earnings Ratio vs Peers

How does NIKL's PE Ratio compare to its peers?

The above table shows the PE ratio for NIKL vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average18.7x
PX Philex Mining
28.3x73.9%₱23.0b
OGP OceanaGold (Philippines)
28.5x38.6%₱38.3b
FNI Global Ferronickel Holdings
11.4xn/a₱5.6b
BC Benguet
6.7xn/a₱2.6b
NIKL Nickel Asia
13.1x2.6%₱34.7b

Price-To-Earnings vs Peers: NIKL is good value based on its Price-To-Earnings Ratio (13.1x) compared to the peer average (18.7x).

Price to Earnings Ratio vs Industry

How does NIKL's PE Ratio compare vs other companies in the Asian Metals and Mining Industry?

30 CompaniesPrice / EarningsEstimated GrowthMarket Cap
NIKL 13.1xIndustry Avg. 18.7xNo. of Companies95PE01632486480+
30 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: NIKL is good value based on its Price-To-Earnings Ratio (13.1x) compared to the Asian Metals and Mining industry average (18.6x).

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.

NIKL PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio13.1x
Fair PE Ratio9.8x

Price-To-Earnings vs Fair Ratio: NIKL is expensive based on its Price-To-Earnings Ratio (13.1x) compared to the estimated Fair Price-To-Earnings Ratio (9.8x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst NIKL forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current₱2.49
₱2.83
+13.5%
2.7%₱2.90₱2.75n/a2
Feb ’26₱2.17
₱2.83
+30.2%
2.7%₱2.90₱2.75n/a2
Jan ’26₱3.49
₱3.45
-1.1%
15.9%₱4.00₱2.90n/a2
Dec ’25₱2.97
₱4.19
+41.0%
24.3%₱5.75₱2.90n/a4
Nov ’25₱3.42
₱4.19
+22.4%
24.3%₱5.75₱2.90n/a4
Oct ’25₱3.66
₱4.19
+14.4%
24.3%₱5.75₱2.90n/a4
Sep ’25₱3.37
₱4.46
+32.4%
16.7%₱5.75₱4.00n/a4
Aug ’25₱3.42
₱4.46
+30.5%
16.7%₱5.75₱4.00n/a4
Jul ’25₱3.71
₱4.46
+20.3%
16.7%₱5.75₱4.00n/a4
Jun ’25₱4.05
₱5.85
+44.4%
38.3%₱9.54₱4.00n/a4
May ’25₱4.02
₱5.20
+29.4%
31.4%₱7.51₱4.00n/a3
Apr ’25₱3.92
₱5.72
+45.9%
24.4%₱7.51₱4.10n/a3
Mar ’25₱4.50
₱5.74
+27.6%
24.3%₱7.51₱4.10n/a3
Feb ’25₱4.70
₱7.56
+60.8%
21.2%₱9.54₱5.62₱2.173
Jan ’25₱5.48
₱7.56
+37.9%
21.2%₱9.54₱5.62₱3.493
Dec ’24₱5.00
₱7.56
+51.1%
21.2%₱9.54₱5.62₱2.973
Nov ’24₱5.45
₱7.68
+41.0%
18.9%₱9.54₱6.00₱3.423
Oct ’24₱6.12
₱7.75
+26.6%
18.7%₱9.54₱6.00₱3.663
Sep ’24₱5.19
₱7.75
+49.3%
18.7%₱9.54₱6.00₱3.373
Aug ’24₱6.34
₱8.41
+32.7%
9.6%₱9.54₱7.70₱3.423
Jul ’24₱5.98
₱8.41
+40.7%
9.6%₱9.54₱7.70₱3.713
Jun ’24₱5.94
₱8.41
+41.6%
9.6%₱9.54₱7.70₱4.053
May ’24₱6.62
₱8.57
+29.4%
8.1%₱9.54₱8.00₱4.023
Apr ’24₱6.75
₱9.30
+37.8%
18.6%₱11.75₱8.00₱3.923
Mar ’24₱7.08
₱9.74
+37.5%
15.4%₱11.75₱8.16₱4.503
Feb ’24₱6.43
₱9.49
+47.5%
17.0%₱11.75₱8.16₱4.703
Analyst Price Target
Consensus Narrative from 2 Analysts
₱2.83
Fair Value
11.9% undervalued intrinsic discount
2
Number of Analysts

Analyst Forecast: Target price is less than 20% higher than the current share price.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/02/15 09:13
End of Day Share Price 2025/02/14 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

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.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* 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 8 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.

AnalystInstitution
Philip FelixBofA Global Research
Edser TrinidadCGS International
Amos OngCLSA