Nickel Industries Ltd
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, Austral… Read more
Nickel Industries Ltd (NIC) - Net Assets
Latest net assets as of December 2025: AU$2.46 Billion AUD
Based on the latest financial reports, Nickel Industries Ltd (NIC) has net assets worth AU$2.46 Billion AUD as of December 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (AU$4.27 Billion) and total liabilities (AU$1.81 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | AU$2.46 Billion |
| % of Total Assets | 57.65% |
| Annual Growth Rate | 74.87% |
| 5-Year Change | 89.55% |
| 10-Year Change | 163364.24% |
| Growth Volatility | 1901.51 |
Nickel Industries Ltd - Net Assets Trend (2014–2025)
This chart illustrates how Nickel Industries Ltd's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Nickel Industries Ltd (2014–2025)
The table below shows the annual net assets of Nickel Industries Ltd from 2014 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | AU$2.46 Billion | -3.46% |
| 2024-12-31 | AU$2.55 Billion | -12.33% |
| 2023-12-31 | AU$2.91 Billion | +60.19% |
| 2022-12-31 | AU$1.81 Billion | +39.80% |
| 2021-12-31 | AU$1.30 Billion | +19.49% |
| 2020-12-31 | AU$1.09 Billion | +5.74% |
| 2019-12-31 | AU$1.03 Billion | +58.42% |
| 2018-12-31 | AU$648.46 Million | +537.59% |
| 2017-12-31 | AU$101.70 Million | +6657.72% |
| 2016-12-31 | AU$1.51 Million | -76.69% |
| 2015-12-31 | AU$6.46 Million | +22.76% |
| 2014-12-31 | AU$5.26 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Nickel Industries Ltd's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 1624125800.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | AU$2.06 Billion | 100.80% |
| Other Comprehensive Income | AU$19.77 Million | 0.97% |
| Total Equity | AU$2.04 Billion | 100.00% |
Nickel Industries Ltd Competitors by Market Cap
The table below lists competitors of Nickel Industries Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Westamerica Bancorporation
NASDAQ:WABC
|
$1.18 Billion |
|
Hooker Ltd Ord
OTCGREY:HOKRF
|
$1.18 Billion |
|
Insigma
SHG:600797
|
$1.18 Billion |
|
Deluxe Corporation
NYSE:DLX
|
$1.18 Billion |
|
Shenzhen Fortune Trend Technology Co Ltd
SHG:688318
|
$1.17 Billion |
|
Dynamic Holding Co. Ltd.
TW:3715
|
$1.17 Billion |
|
Tsubakimoto Chain Co
F:TSB
|
$1.17 Billion |
|
China Cinda Asset Management Co., Ltd.
F:0CI
|
$1.17 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Nickel Industries Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 2,116,017,340 to 2,044,441,474, a change of -71,575,866 (-3.4%).
- Net loss of 59,051,256 reduced equity.
- Dividend payments of 17,606,933 reduced retained earnings.
- Other comprehensive income increased equity by 714,898.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | AU$-59.05 Million | -2.89% |
| Dividends Paid | AU$17.61 Million | -0.86% |
| Other Comprehensive Income | AU$714.90K | +0.03% |
| Other Changes | AU$4.37 Million | +0.21% |
| Total Change | AU$- | -3.38% |
Book Value vs Market Value Analysis
This analysis compares Nickel Industries Ltd's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 1.99x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 299.56x to 1.99x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2015-12-31 | AU$0.00 | AU$0.94 | x |
| 2016-12-31 | AU$0.00 | AU$0.94 | x |
| 2017-12-31 | AU$0.07 | AU$0.94 | x |
| 2018-12-31 | AU$-0.10 | AU$0.94 | x |
| 2019-12-31 | AU$0.36 | AU$0.94 | x |
| 2020-12-31 | AU$0.48 | AU$0.94 | x |
| 2021-12-31 | AU$0.40 | AU$0.94 | x |
| 2022-12-31 | AU$0.48 | AU$0.94 | x |
| 2023-12-31 | AU$0.71 | AU$0.94 | x |
| 2024-12-31 | AU$0.49 | AU$0.94 | x |
| 2025-12-31 | AU$0.47 | AU$0.94 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Nickel Industries Ltd utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -2.89%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -3.46%
- • Asset Turnover: 0.40x
- • Equity Multiplier: 2.09x
- Recent ROE (-2.89%) is above the historical average (-4.42%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2014 | -70.95% | -1664.17% | 0.01x | 5.36x | AU$-4.26 Million |
| 2015 | -41.71% | -30.34% | 0.16x | 8.41x | AU$-2.35 Million |
| 2016 | 0.00% | -44.58% | 0.31x | 0.00x | AU$-5.03 Million |
| 2017 | -4.31% | -24.44% | 0.16x | 1.08x | AU$-14.19 Million |
| 2018 | 0.00% | 100.91% | 0.09x | 0.00x | AU$79.85 Million |
| 2019 | 26.74% | 23.94% | 0.53x | 2.10x | AU$101.81 Million |
| 2020 | 17.09% | 30.69% | 0.42x | 1.31x | AU$66.66 Million |
| 2021 | 13.75% | 21.35% | 0.36x | 1.77x | AU$37.65 Million |
| 2022 | 12.24% | 13.06% | 0.46x | 2.06x | AU$29.12 Million |
| 2023 | 5.01% | 4.41% | 0.68x | 1.68x | AU$-120.91 Million |
| 2024 | -7.97% | -9.66% | 0.45x | 1.84x | AU$-380.19 Million |
| 2025 | -2.89% | -3.46% | 0.40x | 2.09x | AU$-263.50 Million |
Industry Comparison
This section compares Nickel Industries Ltd's net assets metrics with peer companies in the Other Industrial Metals & Mining industry.
Industry Context
- Industry: Other Industrial Metals & Mining
- Average net assets among peers: $2,995,611
- Average return on equity (ROE) among peers: -21.65%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Nickel Industries Ltd (NIC) | AU$2.46 Billion | -70.95% | 0.73x | $1.17 Billion |
| EXULTANT FPO [10X] (10X) | $5.63 Million | -1.35% | 0.01x | $1.10K |
| Morella Corporation Ltd (1MC) | $5.43 Million | -6.71% | 0.57x | $2.93 Million |
| 6K Additive Inc (6KA) | $-21.36 Million | 0.00% | 0.00x | $24.91 Million |
| Atlantic Lithium Ltd (A11) | $789.39K | -143.95% | 0.47x | $71.83 Million |
| African Gold Ltd (A1G) | $6.42 Million | -11.14% | 0.01x | $170.41 Million |
| Albright Metals Ltd (ABR) | $5.61 Million | 0.47% | 0.11x | $1.11 Million |
| Audalia Resources Ltd (ACP) | $2.12 Million | -18.55% | 0.04x | $893.85K |
| Accent Resources NL (ACS) | $4.38 Million | -14.12% | 0.03x | $211.71K |
| Acdc Metals Ltd (ADC) | $10.13 Million | -6.86% | 0.04x | $1.02 Million |
| Admiralty Resources NL (ADY) | $10.81 Million | -14.31% | 1.16x | $5.70 Million |