Risk factor
Considerable default risk
Profitability factor
Favourable analyst view
About
Nickel Industries Limited, headquartered in Sydney, Australia, operates in Singapore and Indonesia, focusing on nickel ore extraction and nickel pig iron production. The company possesses an 80% ownership stake in the extensive 5,983-hectare Hengjaya Mine, located within Central Sulawesi's Morowali Regency. Its portfolio also includes an 80% interest in the Ranger Nickel project and a 70% share in the Angel Nickel project. Additionally, Nickel Industries holds an option to acquire a 70% interest in the Oracle Nickel project. Founded in 2007, the company was formerly known as Nickel Mines Limited until its name was officially changed in June 2022.
Company Valuation
Considering past and projected metrics, the stock is moderately 'expensive' compared to its peers. Specifically, the stock is fairly valued on P/E, neutral on EV/EBITDA,
Target Price
The average target price of NIC.AX is 1.17 and suggests 38.5% upside potential. Usually, this means a BUY recommendation among investment firms, or a recommendation to in