Nickel Industries Limited (NIC) Fair Value & Analysis
Basic Materials · AU · Market cap A$4.4B
Fair value as of: Jun 24, 2026
From 15 valuation models · updated 5 days ago
Fair value updated Jun 24, 2026 — revised from A$0.4300 to A$0.3700 (−14.0%) since Jun 23, 2026. Share price −12.6% over the past month.
Price vs Fair Value (12 months)
12‑month range A$0.6961 – A$1.14 · fair‑value band A$0.1600 – A$0.5200 · the A$0.9350 price screens above the A$0.3700 fair value. As of Jun 24, 2026.
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Nickel Industries Limited (NIC) currently trades at A$0.9350, while our model-based Fair Value estimate is A$0.3700 — implying the stock looks roughly 60.4% overvalued today. We read business quality at 81/100 (high quality), in the Basic Materials sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium — the entry price still matters most (evidence: medium).
Over the trailing twelve months, Nickel Industries Limited generated revenue of A$293M at a net margin of 42.3%. It earns a return on equity of 35.4%. Net debt stands at A$847M. Fundamentals as of Jun 24, 2026
Key figures & financial health
More key figures
Figures from reported company fundamentals (EODHD) · as of Jun 24, 2026. TTM = trailing twelve months.
About the company
Nickel Industries Limited engages in nickel ore mining, nickel pig iron, cobalt, and nickel matte production activities. It also produces mixed hydroxide precipitate for use in the electric vehicle supply chain. The company was formerly known as Nickel Mines Limited and changed its name to Nickel Industries Limited in June 2022. The company was incorporated in 2007 and is based in Sydney, Australia.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
Nickel Industries Limited reported revenue of A$1.7B in FY2025 versus A$646M in FY2021, a compound +27.5%/yr. Reported net income was −A$59.1M in FY2025.
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How we calculate Fair Value
Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data — nothing guessed.
Educational research only · not financial advice · no buy/sell recommendation. Model-based estimates are not certainties; their reliability depends on data quality and assumptions.