Global Ferronickel Holdings Inc (FNI) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of Global Ferronickel Holdings Inc stock PHP 2.46, price PHP 1.54, upside +60.0%, quality 46 out of 100. Rating: strongly undervalued. Calculated from audited financials with 13 of our 26 valuation models and 37 quality factors, updated daily.
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 7, 2026.
How to read this chart
60‑month range 0.9900 PHP – 3.09 PHP · fair‑value band 1.92 PHP – 3.21 PHP · the 1.54 PHP price screens below the 2.46 PHP fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 7, 2026.
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Global Ferronickel Holdings Inc (FNI) currently trades at 1.54 PHP, while our model-based Fair Value estimate is 2.46 PHP, implying the stock looks roughly 38% undervalued today.
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Valuation
Bull case: the Multiples group reads highest at a median of 2.89 PHP per share, and 10 of the 13 models we run sit above the 1.54 PHP price.
Bear case: the Earnings-Based group reads lowest at 1.09 PHP, and 3 of the 13 models stay below the price. Data coverage for this calculation is low.
Scenario range: 1.92 PHP (bear) to 3.21 PHP (bull), the price of 1.54 PHP sits below it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 46/100 (below-average quality), in the Basic Materials sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
Global Ferronickel Holdings Inc reported revenue of 7.6B PHP in FY2024 versus 7.3B PHP in FY2020, a compound +1.2%/yr. Reported net income was 744M PHP in FY2024, compounding −20.6%/yr from FY2020.
Key figures
Market cap 7.9B PHP (≈ $125M) Micro · P/E ratio 5.1 · P/S ratio 0.50 · EPS (TTM) 0.2542 PHP · Net margin 9.8% · Return on assets (EBIT) 16.3% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 45 out of 100 (low confidence).
What moves the price
The share trades about 40% below its 52-week high and 48% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Basic Materials peers we cover trades at 23% fair-value upside, at 60%, FNI screens cheaper than that median.
Fair Value models
Bear1.92 PHPFair Value 2.46 PHPBull3.21 PHP
Price 1.54 PHP · Upside +60.0%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models. Based on fiscal year 2024 figures (about 12 months old). Earnings retained since then (0.2542 PHP per share) are deliberately not added.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Coverage ⓘCoverage = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Best data coverage
Residual Income1.81 PHP1.80 PHP1.87 PHP76
EPV1.00 PHP1.09 PHP1.17 PHP74
ROIC Compounder1.00 PHP1.09 PHP1.17 PHP72
All 13 models by family
Earnings-Based
Graham-Dodd1.10 PHP2.80 PHP3.64 PHP65
PEG = 1.00.5200 PHP0.7400 PHP0.9600 PHP57
EPV1.00 PHP1.09 PHP1.17 PHP74
Multiples
P/E Multiple2.07 PHP2.76 PHP3.45 PHP63
P/S Multiple1.87 PHP2.49 PHP3.12 PHP58
P/B Multiple6.35 PHP8.47 PHP10.58 PHP55
EV/EBIT2.29 PHP3.02 PHP3.75 PHP66
EV/EBITDA2.67 PHP3.53 PHP4.39 PHP67
EV/Revenue1.85 PHP2.60 PHP3.35 PHP54
Asset-Based
NCAV (Graham)1.41 PHP1.89 PHP2.82 PHP54
Economic Profit
Residual Income1.81 PHP1.80 PHP1.87 PHP76
ROIC Compounder1.00 PHP1.09 PHP1.17 PHP72
Growth Earnings
Growth-Adj P/E1.63 PHP2.33 PHP3.03 PHP67
The fair value above starts from this blend and is adjusted for a cyclical trough year.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.17/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
−13.4%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
−0.4%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+2.7%
Revenue growth 10 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
−1.7%
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What shareholders gained per year (last 5 years), in PHP ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate. Measured in PHP: this currency has depreciated against the euro and dollar over the long run, so part of the nominal rate is currency erosion that never reaches a EUR/USD investor.
−9.5%
Earnings growth per share plus dividend.
Earnings per share, growth per year−9.5%
Dividend (yield on the price)0.0%
Profit margin 2019 to 2024 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.30% → 13%
Compare Global Ferronickel Holdings Inc with another stock
Price, fair value, quality and upside side by side.
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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Metals & Mining · 29 stocks
Beats the industry median on 6/8 measures
Overall it ranks above its industry peers.
Valuation
Quality Score46 · Below median
Fair Value upside+60.0% · Top 25%
Profitability
Return on assets4.4% · Top 25%
Net margin (12 months)9.8% · Top 25%
Operating margin (12 months)0.0% · Above median
Growth and dividend
Revenue growth (quarter YoY)0.0% · Top 25%
Balance sheet
Debt / equity0.09× · Above median
Valuation Multiplesvs Metals & Mining median · lower = cheaper
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Is Global Ferronickel Holdings Inc (FNI) overvalued or undervalued?
As of Nov 7, 2026, our model estimates a fair value of 2.46 PHP versus a price of 1.54 PHP, about +60% upside (undervalued).
What is the fair value of FNI?
Our model-based fair value for Global Ferronickel Holdings Inc is 2.46 PHP (as of Nov 7, 2026), built from audited fundamentals. The current price: 1.54 PHP.
What is the quality score of FNI?
Global Ferronickel Holdings Inc has a Quality Score of 46/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for Global Ferronickel Holdings Inc (FNI)?
Our model-based price target is the fair value of 2.46 PHP (as of Nov 7, 2026) from 13 valuation models. Cautious scenario 1.92 PHP, optimistic scenario 3.21 PHP. It is a calculation from audited fundamentals, not an analyst target.
What is the Global Ferronickel Holdings Inc stock forecast for 2026?
Our models put fair value at 2.46 PHP, about +60% upside versus a price of 1.54 PHP (undervalued). Cautious scenario 1.92 PHP, optimistic scenario 3.21 PHP. The calculation is refreshed regularly with new filings.
What is the intrinsic value of Global Ferronickel Holdings Inc (FNI)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Global Ferronickel Holdings Inc it is 2.46 PHP per share (as of Nov 7, 2026), against a price of 1.54 PHP. It is the blended result of 13 valuation models in 5 families (Earnings-Based, Multiples, Asset-Based, Economic Profit, Growth Earnings).
Is Global Ferronickel Holdings Inc stock overvalued or undervalued in 2026?
As of Nov 7, 2026, FNI trades below its calculated fair value: price 1.54 PHP, fair value 2.46 PHP, a gap of about +60% (undervalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of FNI?
No. The price is what the market pays today (1.54 PHP); the fair value is what the company's own numbers justify (2.46 PHP). For Global Ferronickel Holdings Inc the two are 0.9240 PHP per share apart. That gap is exactly why we show both numbers side by side.
How much is Global Ferronickel Holdings Inc worth?
The market values Global Ferronickel Holdings Inc at about 7.9B PHP (market capitalisation, as of Nov 7, 2026). Per share that is 1.54 PHP; our models calculate a fair value of 2.46 PHP per share.
What do the bullish and bearish scenarios say about FNI?
Our models span a range for Global Ferronickel Holdings Inc: cautious scenario 1.92 PHP, base 2.46 PHP, optimistic 3.21 PHP per share (as of Nov 7, 2026, price 1.54 PHP). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of FNI?
Global Ferronickel Holdings Inc trades at a price-to-earnings ratio of 5.1 (as of Nov 7, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 2.46 PHP is built from several models across several years. Median P/E at fiscal year-end, 9 fiscal years (2016 to 2024), reported earnings: 7.5.
How solid is the balance sheet of Global Ferronickel Holdings Inc (FNI)?
Balance-sheet figures for Global Ferronickel Holdings Inc (as of Nov 7, 2026): debt of 0.09 per unit of equity. They feed the Quality Score of 46/100, which measures business quality independently of the share price.
How far is FNI from its 52-week high?
Global Ferronickel Holdings Inc trades at 1.54 PHP, about 40% below its 52-week high of 2.57 PHP and 48% above the low of 1.04 PHP (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of 2.46 PHP is for.
Which stocks are comparable to Global Ferronickel Holdings Inc?
From the same area (Basic Materials) we also value PX, AT, LCB, APX, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Global Ferronickel Holdings Inc stock attractive at the current price?
The data as of Nov 7, 2026: price 1.54 PHP, calculated fair value 2.46 PHP (+60%), Quality Score 46/100, from 13 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of FNI calculated?
We run Global Ferronickel Holdings Inc through 13 models from 5 families: Earnings-Based, Multiples, Asset-Based, Economic Profit, Growth Earnings. Every model gets the same audited fundamentals; the fair value of 2.46 PHP builds on their evidence-weighted average, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 13.3% above its aggregate fair value. Global Ferronickel Holdings Inc currently trades 38% below its own fair value, and the market average says nothing about that. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Global Ferronickel Holdings Inc (FNI)?
The closing price on Nov 6, 2026 was 1.54 PHP. Our model-based fair value is 2.46 PHP, about +60% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Global Ferronickel Holdings Inc right now?
The large discount to fair value meets weak quality (46/100). That raises the risk this is a value trap rather than a bargain. The price is below even our cautious bear case (1.92 PHP). The market is more pessimistic than our downside scenario. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution.
Key figures of Global Ferronickel Holdings Inc
How large is the market capitalisation of Global Ferronickel Holdings Inc (FNI)?
The market capitalisation of Global Ferronickel Holdings Inc is 7.9B PHP (≈ $125M). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Global Ferronickel Holdings Inc (FNI)?
The price-to-sales ratio of Global Ferronickel Holdings Inc is 0.50 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Global Ferronickel Holdings Inc (FNI)?
Earnings per share at Global Ferronickel Holdings Inc are 0.2542 PHP (price ÷ EPS = P/E 5.1). Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Global Ferronickel Holdings Inc (FNI)?
The net margin of Global Ferronickel Holdings Inc is 9.8% (fiscal year 2024). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the EBIT return on assets of Global Ferronickel Holdings Inc (FNI)?
On an EBIT basis the return on assets of Global Ferronickel Holdings Inc is 16.3% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
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