Nickel Asia Corp
Nickel Asia Corp operates in Diversified Metals & Mining.
Nickel Asia Corp (NIKL) - Net Assets
Latest net assets as of September 2023: ₱37.23 Billion PHP
Based on the latest financial reports, Nickel Asia Corp (NIKL) has net assets worth ₱37.23 Billion PHP as of September 2023.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (₱59.37 Billion) and total liabilities (₱22.14 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 | ₱37.23 Billion |
| % of Total Assets | 62.71% |
| Annual Growth Rate | 3.46% |
| 5-Year Change | 20.31% |
| 10-Year Change | N/A |
| Growth Volatility | 4.92 |
Nickel Asia Corp - Net Assets Trend (2014–2022)
This chart illustrates how Nickel Asia Corp'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 Asia Corp (2014–2022)
The table below shows the annual net assets of Nickel Asia Corp from 2014 to 2022.
| Year | Net Assets | Change |
|---|---|---|
| 2022-12-31 | ₱35.69 Billion | +8.35% |
| 2021-12-31 | ₱32.94 Billion | +6.11% |
| 2020-12-31 | ₱31.04 Billion | -1.04% |
| 2019-12-31 | ₱31.37 Billion | +5.75% |
| 2018-12-31 | ₱29.66 Billion | +0.71% |
| 2017-12-31 | ₱29.46 Billion | +9.02% |
| 2016-12-31 | ₱27.02 Billion | +5.91% |
| 2015-12-31 | ₱25.51 Billion | -6.16% |
| 2014-12-31 | ₱27.19 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Nickel Asia Corp'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 grown by 12.5% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2022)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₱18.75 Billion | 52.55% |
| Common Stock | ₱6.84 Billion | 19.17% |
| Other Components | ₱10.09 Billion | 28.28% |
| Total Equity | ₱35.69 Billion | 100.00% |
Nickel Asia Corp Competitors by Market Cap
The table below lists competitors of Nickel Asia Corp ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Zuki Inc.
PINK:ZUKI
|
$765.08 |
|
SANLAM KENYA PLC
XNAI:PAN
|
$767.95 |
|
Eneraqua Technologies PLC
LSE:ETP
|
$768.01 |
|
LIBERTY KENYA HOLDINGS LTD
XNAI:CFCI
|
$768.65 |
|
CLEAN SEAS TUNA
MU:C7S
|
$762.62 |
|
Essex Resources Corp.
V:ESXR
|
$762.03 |
|
Duesenberg Technologies Inc
OTCQB:DUSYF
|
$762.00 |
|
Alterna Asesoría Internacional, S.A.B. de C.V.
MX:ALTERNAB
|
$761.93 |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Nickel Asia Corp's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2021 to 2022, total equity changed from 32,939,767,000 to 35,688,635,000, a change of 2,748,868,000 (8.3%).
- Net income of 7,931,150,000 contributed positively to equity growth.
- Dividend payments of 10,189,387,000 reduced retained earnings.
- Other factors increased equity by 5,007,105,000.
Equity Change Factors (2021 to 2022)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₱7.93 Billion | +22.22% |
| Dividends Paid | ₱10.19 Billion | -28.55% |
| Other Changes | ₱5.01 Billion | +14.03% |
| Total Change | ₱- | 8.35% |
Book Value vs Market Value Analysis
This analysis compares Nickel Asia Corp'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: 1.73x
- 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 2.30x to 1.73x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2016-12-31 | ₱1.97 | ₱4.54 | x |
| 2017-12-31 | ₱2.15 | ₱4.54 | x |
| 2018-12-31 | ₱2.17 | ₱4.54 | x |
| 2019-12-31 | ₱2.30 | ₱4.54 | x |
| 2020-12-31 | ₱2.28 | ₱4.54 | x |
| 2021-12-31 | ₱2.42 | ₱4.54 | x |
| 2022-12-31 | ₱2.62 | ₱4.54 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Nickel Asia Corp 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): 22.22%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 28.32%
- • Asset Turnover: 0.56x
- • Equity Multiplier: 1.39x
- Recent ROE (22.22%) is above the historical average (14.87%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2014 | 31.46% | 34.56% | 0.70x | 1.29x | ₱5.83 Billion |
| 2015 | 7.98% | 13.19% | 0.37x | 1.64x | ₱-516.04 Million |
| 2016 | 7.28% | 13.92% | 0.31x | 1.68x | ₱-735.94 Million |
| 2017 | 9.41% | 17.60% | 0.34x | 1.55x | ₱-174.93 Million |
| 2018 | 10.14% | 16.13% | 0.41x | 1.55x | ₱41.59 Million |
| 2019 | 8.56% | 14.98% | 0.37x | 1.54x | ₱-452.03 Million |
| 2020 | 13.11% | 18.69% | 0.45x | 1.58x | ₱964.49 Million |
| 2021 | 23.72% | 28.51% | 0.53x | 1.57x | ₱4.52 Billion |
| 2022 | 22.22% | 28.32% | 0.56x | 1.39x | ₱4.36 Billion |
Industry Comparison
This section compares Nickel Asia Corp's net assets metrics with peer companies in the Metals & Mining industry.
Industry Context
- Industry: Metals & Mining
- Average net assets among peers: $2,848,497,806
- Average return on equity (ROE) among peers: -0.65%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Nickel Asia Corp (NIKL) | ₱37.23 Billion | 31.46% | 0.59x | $764.59 |
| Atok Big Wedge Co Inc (AB) | $635.03 Million | -3.02% | 0.00x | $297.15 |
| Apollo Global Capital Inc (APL) | $2.72 Billion | -0.56% | 0.23x | $1.31 |
| Apex Mining Co Inc (APX) | $5.29 Billion | 8.08% | 1.29x | $2.39K |
| Century Peak Holdings Corp (CPM) | $2.47 Billion | -3.56% | 3.44x | $402.68 |
| Dizon Copper Silver Mines Inc (DIZ) | $40.13 Million | 2.60% | 0.89x | $645.20 |
| Global Ferronickel Holdings Inc (FNI) | $6.54 Billion | 17.00% | 0.39x | $307.09 |
| Geograce Resources Philippines Inc (GEO) | $13.01 Million | -21.05% | 1.06x | $12.73 |
| Imperial Resources Inc (IMP) | $571.42 Million | 7.25% | 0.06x | $137.57 |
| Lepanto Consolidated Mining Co (LC) | $7.26 Billion | -12.81% | 1.34x | $30.08 |
| Manila Mining Corp (MA) | $2.94 Billion | -0.43% | 0.07x | $1.27 |