Nickel Asia Corporation

OTCPK:NCKA.F Stock Report

Market Cap: US$734.7m

Nickel Asia Valuation

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

Valuation Score

2/6

Valuation Score 2/6

  • 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 NCKA.F when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: NCKA.F ($0.01) is trading above our estimate of fair value ($0.01)

Significantly Below Fair Value: NCKA.F is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for NCKA.F?

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

The above table shows the Price to Earnings ratio for NCKA.F. This is calculated by dividing NCKA.F's market cap by their current earnings.
What is NCKA.F's PE Ratio?
PE Ratio16.3x
Earnings₱2.66b
Market Cap₱43.33b

Price to Earnings Ratio vs Peers

How does NCKA.F's PE Ratio compare to its peers?

The above table shows the PE ratio for NCKA.F vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average68.6x
GSM Ferroglobe
21.2x49.4%US$849.2m
EUBG Entrepreneur Universe Bright Group
196.3xn/aUS$362.2m
MTRN Materion
32.7x27.4%US$2.3b
IDR Idaho Strategic Resources
24.2x30.3%US$163.0m
NCKA.F Nickel Asia
16.3x7.8%US$43.3b

Price-To-Earnings vs Peers: NCKA.F is good value based on its Price-To-Earnings Ratio (16.3x) compared to the peer average (68.6x).

Price to Earnings Ratio vs Industry

How does NCKA.F's PE Ratio compare vs other companies in the US Metals and Mining Industry?

5 CompaniesPrice / EarningsEstimated GrowthMarket Cap
VITF.F Victoria Gold
2.1xn/aUS$23.43m
BMXI Brookmount Explorations
0.5xn/aUS$5.42m
RMRI Rocky Mountain Industrials
0.9xn/aUS$1.76m
ZCRM.F Zincore Metals
0.5xn/aUS$852.33k
NCKA.F 16.3xIndustry Avg. 19.3xNo. of Companies6PE01224364860+
5 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: NCKA.F is good value based on its Price-To-Earnings Ratio (16.3x) compared to the US Metals and Mining industry average (19.9x).

Price to Earnings Ratio vs Fair Ratio

What is NCKA.F'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.

NCKA.F PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio16.3x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate NCKA.F's Price-To-Earnings Fair Ratio for valuation analysis.

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 NCKA.F forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUS$0.013
US$0.071
+450.5%
24.3%US$0.098US$0.049n/a4
Nov ’25n/a
US$0.074
0%
24.3%US$0.10US$0.051n/a4
Oct ’25n/a
US$0.074
0%
24.3%US$0.10US$0.051n/a4
Sep ’25n/a
US$0.076
0%
16.7%US$0.098US$0.068n/a4
Aug ’25n/a
US$0.076
0%
16.7%US$0.098US$0.068n/a4
Jul ’25n/a
US$0.076
0%
16.7%US$0.098US$0.068n/a4
Jun ’25n/a
US$0.10
0%
38.3%US$0.17US$0.069n/a4
May ’25n/a
US$0.09
0%
31.4%US$0.13US$0.07n/a3
Apr ’25n/a
US$0.10
0%
24.4%US$0.13US$0.073n/a3
Mar ’25US$0.07
US$0.10
+46.1%
24.3%US$0.13US$0.073n/a3
Feb ’25n/a
US$0.14
0%
21.2%US$0.17US$0.10n/a3
Jan ’25n/a
US$0.14
0%
21.2%US$0.17US$0.10n/a3
Dec ’24n/a
US$0.14
0%
21.2%US$0.17US$0.10n/a3
Nov ’24n/a
US$0.14
0%
18.9%US$0.17US$0.11n/a3
Oct ’24n/a
US$0.14
0%
18.7%US$0.17US$0.11n/a3
Sep ’24n/a
US$0.14
0%
18.7%US$0.17US$0.11n/a3
Aug ’24n/a
US$0.15
0%
9.6%US$0.17US$0.14n/a3
Jul ’24n/a
US$0.15
0%
9.6%US$0.17US$0.14n/a3
Jun ’24n/a
US$0.15
0%
9.6%US$0.17US$0.14n/a3
May ’24n/a
US$0.15
0%
8.1%US$0.17US$0.14n/a3
Apr ’24n/a
US$0.17
0%
18.6%US$0.22US$0.15n/a3
Mar ’24n/a
US$0.18
0%
15.4%US$0.21US$0.15US$0.073
Feb ’24n/a
US$0.17
0%
17.0%US$0.21US$0.15n/a3
Jan ’24n/a
US$0.16
0%
26.0%US$0.21US$0.12n/a2
Dec ’23n/a
US$0.16
0%
26.0%US$0.21US$0.12n/a2
Nov ’23n/a
US$0.15
0%
21.4%US$0.19US$0.12n/a2

Analyst Forecast: Target price is more than 20% higher than the current share price, but analysts are not within a statistically confident range of agreement.

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