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Nickel Mines

ASX:NIC · AU0000018236
Metals & MiningMedium

360

25
EV / EBIT68
Price / Owner Earnings1
Owner Earnings Yield60
Dividend Yield83
Price/Sales60
EV / Gross Profit39
Price/Book51
Return on Capital49
Cash Return on Capital60
Return on Equity42
EBIT Margin41
Gross Profitability30
Accruals74
Owner Earnings Margin53
Sales growth71
Profit Growth67
Long-Term EPS Growth5
Reinvestment91
Price momentum66
Debt load44
Refinancing57
Debt Payback5
Liquidity38
Analyst ratings78
Opinion Changes9
Price Target Upside45
Market mood43
Value Creation8/20creating some value
  • Creates more value than its capital costs
  • Owner earnings growing
  • Owner earnings per share growing
  • Reinvests at strong returns
  • Solid earnings base

What this means

Nickel Mines clears its cost of capital, but the record is mixed across the five tests. Real value creation, just not yet consistent.

Profile

CountryAustralia
IndustryMetals & Mining
SizeMedium
TypePublic Company
ExchangeASX
Founded2007
Employees14
Websitenickelindustries.com
ISINAU0000018236
Last UpdateApr 2, 2026
Indices
ASX 200 (Australia)ASX 300 (Australia)
Themes
CleanTechElectric VehicleMining TechnologyMiningNatural Resources

Description

Nickel Industries Limited engages in the development and operation of nickel mining projects in Indonesia. The company operates multiple significant nickel projects and is recognized as a major player in the nickel industry. Its activities encompass…

Analysis

Middle-of-the-road

Nickel Industries Limited sits in the middle of our grid: average quality, average price, no obvious signal in either direction.

On valuation, the picture is expensive. The owner-earnings multiple stands at 138.8×; owner earnings: the cash an owner could take out each year.

Growth is moderate; the safety picture is stretched. The company scores 8/20 on our value-creation score: creating some value.

Flags to be aware of: The financial cushion is thinner than comfortable. As always: this describes the company's numbers; it is not a recommendation.

360° rank · history

1007550250
78
2023202420252026

All-time high

78

Jun 2026

All-time low

30

Feb 2023

Average rank

55

across all years

Detailed & Historical Ranks

Deep dive into 15 detailed ranks and 3 years of history.

Current202520242023
Price/Sales
60
65
64
23
Price/Earnings
70
44
74
35
Price/Book
51
68
83
27
Dividend Yield
83
89
91
89
Value (overall)
72
92
88
99

Cells are coloured by rank band (red weak → green strong). Sentiment & 360° history begins 2023.

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Make Sense of the Ranks

Every rank runs 1–100 against true peers. Higher is always better.

360° View
1 · Watch OutGood· 100
Value
1 · ExpensiveGood Value· 100
Quality
1 · Weak FundamentalsHigh Quality· 100
Growth
1 · Tough TimesHigh Growth· 100
Safety
1 · High LeverageWell-Financed· 100
Sentiment
1 · SkepticismPositive· 100
Learn More →