NICKEL INDUSTRIES LIMITED |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 0.96 AUD | +2.67% |
|
-3.52% | +38.13% |
| May. 31 | Transcript : Nickel Industries Limited - Shareholder/Analyst Call | |
| May. 23 | Nickel Industries Establishes New $250 Million Term Loan Facility | MT |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 765.3 | 2,058 | 2,611 | 1,805 | 2,028 | 2,732 | - | - |
| Enterprise Value (EV) 2 | 735.1 | 1,751 | 2,801 | 2,220 | 2,028 | 3,400 | 3,433 | 3,092 |
| P/E ratio | 9.02 x | 15.4 x | 18.9 x | 11 x | 12.6 x | 13.1 x | 8.86 x | 6.64 x |
| Yield | - | 2.71% | 2.8% | 4.12% | - | 5.74% | 6.33% | 6.93% |
| Capitalization / Revenue | 11.8 x | 3.93 x | 4.04 x | 1.48 x | 1.08 x | 1.52 x | 1.36 x | 1.14 x |
| EV / Revenue | 11.3 x | 3.35 x | 4.34 x | 1.82 x | 1.08 x | 1.89 x | 1.71 x | 1.29 x |
| EV / EBITDA | 35.9 x | 8.88 x | 11.5 x | 6.82 x | 5.17 x | 7.76 x | 5.99 x | 4.36 x |
| EV / FCF | -47.8 x | 12.3 x | -6.85 x | -6.05 x | - | -24.5 x | 12.3 x | 6.55 x |
| FCF Yield | -2.09% | 8.14% | -14.6% | -16.5% | - | -4.07% | 8.15% | 15.3% |
| Price to Book | 2.16 x | 2.34 x | 2.53 x | 1.35 x | - | 1.02 x | 0.97 x | 0.89 x |
| Nbr of stocks (in thousands) | 1,665,468 | 2,420,245 | 2,515,029 | 2,731,273 | 4,285,810 | 4,285,810 | - | - |
| Reference price 3 | 0.6550 | 1.105 | 1.430 | 0.9700 | 0.6950 | 0.9600 | 0.9600 | 0.9600 |
| Announcement Date | 8/29/19 | 2/24/21 | 2/22/22 | 2/27/23 | 2/28/24 | - | - | - |
1AUD in Million2USD in Million3AUD
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 64.94 | 523.5 | 645.9 | 1,217 | 1,880 | 1,797 | 2,009 | 2,389 |
| EBITDA 1 | 20.45 | 197.1 | 242.5 | 325.5 | 392.3 | 438.2 | 573.4 | 708.6 |
| EBIT 1 | 13.61 | 157.7 | 194 | 258.9 | 280.7 | 322.5 | 469.1 | 606.9 |
| Operating Margin | 20.96% | 30.12% | 30.04% | 21.27% | 14.93% | 17.94% | 23.34% | 25.4% |
| Earnings before Tax (EBT) 1 | 71.89 | 154.6 | 181 | 217 | 203.3 | 320.6 | 479.2 | 628.7 |
| Net income 1 | 65.53 | 110.6 | 137.9 | 159 | 121.6 | 203.3 | 295.6 | 408.5 |
| Net margin | 100.91% | 21.13% | 21.35% | 13.06% | 6.47% | 11.31% | 14.71% | 17.1% |
| EPS 2 | 0.0726 | 0.0718 | 0.0758 | 0.0882 | 0.0550 | 0.0730 | 0.1083 | 0.1446 |
| Free Cash Flow 1 | -15.38 | 142.6 | -408.8 | -367 | - | -138.5 | 279.6 | 472.4 |
| FCF margin | -23.68% | 27.23% | -63.29% | -30.15% | - | -7.71% | 13.92% | 19.77% |
| FCF Conversion (EBITDA) | - | 72.33% | - | - | - | - | 48.77% | 66.67% |
| FCF Conversion (Net income) | - | 128.89% | - | - | - | - | 94.62% | 115.65% |
| Dividend per Share 2 | - | 0.0300 | 0.0400 | 0.0400 | - | 0.0551 | 0.0608 | 0.0666 |
| Announcement Date | 8/29/19 | 2/24/21 | 2/22/22 | 2/27/23 | 2/28/24 | - | - | - |
1USD in Million2AUD
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2020 S2 | 2021 S1 | 2021 S2 | 2022 S1 | 2022 S2 | 2023 S1 | 2023 S2 | 2024 S1 | 2024 S2 | 2025 S1 | 2025 S2 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 295.6 | 288.7 | 357.2 | 515 | 702 | 932.3 | 947.8 | 881 | 983 | - | - |
| EBITDA 1 | - | 105.8 | 136.5 | 166.7 | 158.8 | 161.3 | 231 | 115 | 227 | - | - |
| EBIT 1 | - | 88.9 | 105.1 | 140.1 | 118.8 | 110.7 | 170 | 48 | 157 | - | - |
| Operating Margin | - | 30.79% | 29.43% | 27.2% | 16.93% | 11.87% | 17.94% | 5.45% | 15.97% | - | - |
| Earnings before Tax (EBT) 1 | - | 85.27 | 95.77 | 124.4 | 92.67 | 58.03 | 145.3 | 6 | 113 | - | - |
| Net income 1 | - | 65.29 | 72.65 | 92.38 | 66.6 | 27.13 | 94.47 | 3 | 85 | - | - |
| Net margin | - | 22.61% | 20.34% | 17.94% | 9.49% | 2.91% | 9.97% | 0.34% | 8.65% | - | - |
| EPS 2 | 0.0541 | 0.0358 | 0.0399 | 0.0510 | 0.0360 | 0.0140 | 0.0410 | 0.001520 | 0.0305 | - | - |
| Dividend per Share 2 | - | 0.0200 | 0.0200 | 0.0200 | 0.0200 | 0.0200 | - | 0.005000 | 0.0300 | 0.0350 | 0.0350 |
| Announcement Date | 2/24/21 | 8/25/21 | 2/22/22 | 8/30/22 | 2/27/23 | 8/30/23 | 2/28/24 | - | - | - | - |
1USD in Million2AUD
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | - | - | 190 | 415 | - | 668 | 701 | 360 |
| Net Cash position 1 | 30.2 | 306 | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | - | - | 0.7825 x | 1.275 x | - | 1.524 x | 1.223 x | 0.5086 x |
| Free Cash Flow 1 | -15.4 | 143 | -409 | -367 | - | -139 | 280 | 472 |
| ROE (net income / shareholders' equity) | 15.8% | 16.2% | 14% | 13.8% | - | 8.36% | 13.2% | 17.1% |
| ROA (Net income/ Total Assets) | - | 10.4% | 9.08% | 7.16% | - | 8% | 9% | 9% |
| Assets 1 | - | 1,066 | 1,519 | 2,222 | - | 2,541 | 3,284 | 4,539 |
| Book Value Per Share 2 | 0.3000 | 0.4700 | 0.5700 | 0.7200 | - | 0.9400 | 0.9900 | 1.070 |
| Cash Flow per Share 2 | - | 0.1000 | 0.1000 | 0.0300 | - | 0.1500 | 0.1300 | 0.2400 |
| Capex 1 | 19.5 | 7.39 | 6.49 | 9.39 | - | 725 | 243 | 12 |
| Capex / Sales | 30.03% | 1.41% | 1.01% | 0.77% | - | 40.33% | 12.07% | 0.5% |
| Announcement Date | 8/29/19 | 2/24/21 | 2/22/22 | 2/27/23 | 2/28/24 | - | - | - |
1USD in Million2AUD
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Year-on-year evolution of the Yield
Change in Enterprise Value/EBITDA
Trading Rating
Investor Rating
ESG Refinitiv
C+
Sell
Buy
Mean consensus
BUY
Number of Analysts
9
Last Close Price
0.96
AUD
Average target price
1.342
AUD
Spread / Average Target
+39.79%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| +38.13% | 2.73B | |
| +19.64% | 4.45B | |
| +0.50% | 3.9B | |
| -22.76% | 3.51B | |
| +15.31% | 3.04B | |
| -26.09% | 963M | |
| -.--% | 249M | |
| +24.56% | 189M | |
| -4.85% | 172M | |
| +7.33% | 162M |
- Stock Market
- Equities
- NIC Stock
- Financials Nickel Industries Limited
