Nico Resources Ltd (NC1) fair value: what the stock is really worth
As of Sep 24, 2026: fair value of Nico Resources Ltd A$0.03, price A$0.11, upside -71.4%, quality 43 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 23, 2026.
How to read this chart
56‑month range A$0.0680 – A$1.73 · fair‑value band A$0.0200 – A$0.0300 · the A$0.1050 price screens above the A$0.0300 fair value. Dashed = 300-day average. As of Sep 23, 2026.
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NICO Resources Limited engages in the acquisition, exploration, and development of mineral properties in Australia. Its flagship project is the Wingellina nickel-cobalt project located in Western Australia. The company was incorporated in 2021 and is based in Perth, Australia.
Stock analysis
Nico Resources Ltd (NC1) currently trades at A$0.1050, while our model-based Fair Value estimate is A$0.0300, implying the stock looks roughly 250.0% overvalued today.
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Valuation
How firm this estimate is: it rests on 1 models at a data quality of 95/100, which puts the evidence level at low.
Scenario range: A$0.0200 (bear) to A$0.0300 (bull), the price of A$0.1050 sits above 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 43/100 (below-average quality), in the Basic Materials sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Nico Resources Ltd reported revenue of A$1.7M in FY2025 versus A$5.9K in FY2021, a compound +310.9%/yr. Reported net income was −A$703K in FY2025.
Key figures
Market cap A$18.5M (≈ $13.0M) · P/S ratio 18.1 · EPS (TTM) A$−0.0100 · Net margin −41.5% · Return on equity −6.8% · Return on assets (EBIT) −13.5% · Revenue (TTM) A$1.0M · Revenue growth (YoY) +96.5%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 43 out of 100 (low confidence).
What moves the price
The share trades about 70% below its 52-week high and 13% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Basic Materials peers we cover trades at 10% fair-value upside, at −71%, NC1 screens richer than that median.
Fair Value models
Bear A$0.0200Fair Value A$0.0300Bull A$0.0300
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model.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.Evidence ⓘEvidence = 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.
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.38/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
+66.1%
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.
+194.6%
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.
+239.8%
Start year 2020 (pandemic)
Revenue growth 6 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.
+181.5%
’19
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Profit margin (trend) ⓘ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.
−855.8% (2020) → −85.0% (2025)
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: fiscal 2025 is a loss year, no rate is defined from a loss
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.Other Industrial Metals & Mining · 457 stocks
Beats the industry median on 4/8 measures
A mixed picture versus its industry peers.
Valuation
Quality Score44 · Above median
Fair Value upside−71% · Bottom 25%
Profitability
Return on assets−2% · Above median
Net margin (TTM)−42% · Bottom 25%
Operating margin (TTM)0% · Below median
Growth and dividend
Revenue growth97% · Top 25%
Valuation Multiplesvs Other Industrial Metals & Mining median · lower = cheaper
P/B0.72× · Cheapest 25%
P/S (TTM)12.76× · Priciest 25%
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 0
FUTURE (revenue growth)100· sector 36
PAST (return on equity)0· sector 0
HEALTH (low debt)0· sector 96
DIVIDEND (yield)0· sector 30
VALUE 0: the price sits above our fair-value range.
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Is Nico Resources Ltd (NC1) overvalued or undervalued?
As of Sep 23, 2026, our model estimates a fair value of A$0.0300 versus a price of A$0.1050, about −71% upside (overvalued).
What is the fair value of NC1?
Our model-based fair value for Nico Resources Ltd is A$0.0300 (as of Sep 23, 2026), built from audited fundamentals. The current price: A$0.1050.
What is the quality score of NC1?
Nico Resources Ltd has a Quality Score of 43/100. 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 Nico Resources Ltd (NC1)?
Our model-based price target is the fair value of A$0.0300 (as of Sep 23, 2026) from 1 valuation models. Cautious scenario A$0.0200, optimistic scenario A$0.0300. It is a calculation from audited fundamentals, not an analyst target.
What is the Nico Resources Ltd stock forecast for 2026?
Our models put fair value at A$0.0300, about −71% upside versus a price of A$0.1050 (overvalued). Cautious scenario A$0.0200, optimistic scenario A$0.0300. The calculation is refreshed regularly with new filings.
What is the revenue of Nico Resources Ltd (NC1)?
Nico Resources Ltd reported trailing-twelve-month revenue of about A$1.0M (latest available figure, as of Sep 23, 2026).
What is the intrinsic value of Nico Resources Ltd (NC1)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Nico Resources Ltd it is A$0.0300 per share (as of Sep 23, 2026), against a price of A$0.1050. It is the blended result of 1 valuation models (cash flow, earnings, asset, dividend).
Is Nico Resources Ltd stock overvalued or undervalued in 2026?
As of Sep 23, 2026, NC1 trades above its calculated fair value: price A$0.1050, fair value A$0.0300, a gap of about −71% (overvalued). 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 NC1?
No. The price is what the market pays today (A$0.1050); the fair value is what the company's own numbers justify (A$0.0300). For Nico Resources Ltd the two are A$0.0750 per share apart. That gap is exactly why we show both numbers side by side.
How much is Nico Resources Ltd worth?
The market values Nico Resources Ltd at about A$18.5M (market capitalisation, as of Sep 23, 2026). Per share that is A$0.1050; our models calculate a fair value of A$0.0300 per share.
What do the bullish and bearish scenarios say about NC1?
Our models span a range for Nico Resources Ltd: cautious scenario A$0.0200, base A$0.0300, optimistic A$0.0300 per share (as of Sep 23, 2026, price A$0.1050). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of Nico Resources Ltd (NC1)?
Balance-sheet figures for Nico Resources Ltd (as of Sep 23, 2026): return on equity −6.8%. They feed the Quality Score of 43/100, which measures business quality independently of the share price.
How far is NC1 from its 52-week high?
Nico Resources Ltd trades at A$0.1050, about 70% below its 52-week high of A$0.3500 and 13% above the low of A$0.0930 (as of Sep 24, 2026). Distance from the high says nothing about value: that is what the fair value of A$0.0300 is for.
Which stocks are comparable to Nico Resources Ltd?
From the same area (Basic Materials) we also value Vale S.A, Saudi Arabian Mining Company, CMOC Group, China Tungsten And Hightech Materials Co, 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 Nico Resources Ltd stock attractive at the current price?
The data as of Sep 23, 2026: price A$0.1050, calculated fair value A$0.0300 (−71%), Quality Score 43/100, from 1 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 NC1 calculated?
We run Nico Resources Ltd through 1 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of A$0.0300, 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 13.2 % above its aggregate fair value. Nico Resources Ltd itself currently trades above fair value. 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 Nico Resources Ltd (NC1)?
The closing price on Sep 24, 2026 was A$0.1050. Our model-based fair value is A$0.0300, about −71% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Nico Resources Ltd right now?
The price sits above even our optimistic bull case (A$0.0300). The favourable scenario is already priced in. Weak quality (43/100) and above fair value at the same time, the margin of safety is missing on both counts. 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 Nico Resources Ltd
How large is the market capitalisation of Nico Resources Ltd (NC1)?
The market capitalisation of Nico Resources Ltd is A$18.5M (≈ $13.0M). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Nico Resources Ltd (NC1)?
The price-to-sales ratio of Nico Resources Ltd is 18.1 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Nico Resources Ltd (NC1)?
Earnings per share at Nico Resources Ltd are A$−0.0100. Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Nico Resources Ltd (NC1)?
The net margin of Nico Resources Ltd is −41.5% (fiscal year 2025). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Nico Resources Ltd (NC1)?
The return on equity (ROE) of Nico Resources Ltd is −6.8% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Nico Resources Ltd (NC1)?
On an EBIT basis the return on assets of Nico Resources Ltd is −13.5% (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.
How fast is revenue growing at Nico Resources Ltd (NC1)?
Revenue at Nico Resources Ltd is growing +96.5% versus a year earlier (3y avg +195%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Nico Resources Ltd (NC1)?
Earnings per share at Nico Resources Ltd are growing −35.0% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Nico Resources Ltd (NC1) generate?
The free cash flow of Nico Resources Ltd is −A$2.2M (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net cash does Nico Resources Ltd (NC1) hold?
Nico Resources Ltd holds more cash than debt, A$2.3M net (fiscal year 2025). The company holds more cash than debt, a safety cushion.
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