Risk factor
Considerable default risk
Profitability factor
Weak margins and returns
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
From both historical and forecast perspectives, the stock is fairly priced compared to similar stocks. In particular, the stock is reasonably priced on P/E, of fair value
Target Price
The average target price of NIC.AX is 1.2 and suggests 21.9% upside potential. Usually, this means a BUY recommendation among investment firms, or a recommendation to inc