Nickel IndustriesASX:NIC +1.60%63 EV-to-FCF is 26.28 as of Jun. 25, 2026, which is 102% above its 10-year median of 13.04. GuruFocus rates ASX:NIC with a GF Score™ of 63/100 and a GF Value™ of A$0.74 (Modestly Overvalued). The stock has 10 warning signs investors should review. Among 445 Metals & Mining companies, Nickel Industries ranks worse than 59.55% on this metric.
EV-to-FCF is calculated as enterprise value divided by its free cash flow. As of today, Nickel Industries's Enterprise Value is A$6,041 Mil.
Nickel Industries's Free Cash Flow for the trailing twelve months (TTM) ended in Dec. 2025 was A$230 Mil. Therefore, Nickel Industries's EV-to-FCF for today is 26.28.
The historical rank and industry rank for Nickel Industries's EV-to-FCF or its related term are showing as below:
ASX:NIC'
s EV-to-FCF Range Over the Past 10 Years
Min: -78.06 Med: 13.04 Max: 54.96
Current: 26.35
During the past 8 years, the highest EV-to-FCF of Nickel Industries was 54.96. The lowest was -78.06. And the median was 13.04.
ASX:NIC's EV-to-FCF is ranked worse than 59.55% of 445
companies
in the Metals & Mining industry
Industry Median: 19.18
vs ASX:NIC: 26.35
EV-to-FCF is a valuation multiple that allows analysts and investors to compare stocks, preferably in the same sector or industry. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio (TTM) to determine the fair market value of a company.
EV-to-FCF is a valuation multiple that allows analysts and investors to compare stocks, preferably in the same sector or industry. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio (TTM) to determine the fair market value of a company.
Nickel Industries's PE Ratio (TTM) for today is calculated as:
Nickel Industries's share price for today is A$0.95.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. Nickel Industries's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Dec. 2025 was A$-0.020.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Enterprise Value is used because it is a more complete measure in reflecting how much an investor pays when buying a company. Free Cash Flow is an important financial metric because it represents the actual amount of cash at a company's disposal. Companies with a low EV-to-FCF ratio, combined with a strong balance sheet are generally considered as undervalued.
Nickel Industries EV-to-FCF Related Terms
Nickel Industries EV-to-FCF Historical Data
* Premium members only.
The historical data trend for Nickel Industries's EV-to-FCF can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
For the Other Industrial Metals & Mining subindustry, Nickel Industries's EV-to-FCF, along with its competitors' market caps and EV-to-FCF data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Nickel Industries EV-to-FCF vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Nickel Industries's EV-to-FCF distribution charts can be found below:
* The bar in red indicates where Nickel Industries's EV-to-FCF falls into.
Nickel Industries's current Enterprise Value is A$6,041 Mil.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. Nickel Industries's Free Cash Flow for the trailing twelve months (TTM) ended in Dec. 2025 was A$230 Mil.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Nickel Industries (ASX:NIC) has a EV-to-FCF of 26.28 as of Jun. 25, 2026. EV to FCF ratio is the company's enterprise value divided by free cash flow. View historical data on Nickel Industries and its competitors. This is 102% above median its historical median of 13.04. According to the industry distribution chart, Nickel Industries ranks #265 out of 445 companies in the Metals & Mining industry, placing it in the top 59.6%.
Is Nickel Industries' EV-to-FCF too high?
Nickel Industries' current EV-to-FCF of 26.28 is 102% above median its 10-year median of 13.04. The Metals & Mining industry median EV-to-FCF is 19.18. Nickel Industries' value of 26.28 is 37% above this industry median. Based on the distribution chart, Nickel Industries ranks #265 out of 445 companies in the Metals & Mining industry, which is below the industry midpoint. Overall, Nickel Industries has a GF Score™ of 63/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Nickel Industries' EV-to-FCF compare to competitors?
According to the Metals & Mining industry distribution chart, Nickel Industries ranks #265 out of 445 companies for EV-to-FCF. This places Nickel Industries in the lower half of its industry. The industry median EV-to-FCF is 19.18. Nickel Industries' value of 26.28 is 37% above this benchmark. While the company's 10-year median is 13.04 vs. the industry median of 19.18, Nickel Industries has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good EV-to-FCF for a Metals & Mining company?
The median EV-to-FCF among Metals & Mining companies is 19.18, based on 445 companies in the industry. Companies in the top quartile (top 25%) have a EV-to-FCF significantly above this median, while those in the bottom quartile fall well below. However, EV-to-FCF should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Nickel Industries's current EV-to-FCF of 26.28 is 37% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high EV-to-FCF mean?
A high EV-to-FCF can signal that a stock is expensive relative to its fundamentals. EV to FCF ratio is the company's enterprise value divided by free cash flow. View historical data on Nickel Industries and its competitors. For the Metals & Mining industry, the median EV-to-FCF is 19.18 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Nickel Industries's current EV-to-FCF is 26.28, which is 102% above median its own 10-year median of 13.04. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nickel Industries stock overvalued right now?
Based on GuruFocus' analysis, Nickel Industries (ASX:NIC) is currently considered Modestly Overvalued. The stock's GF Value™ is A$0.74, compared to a current price of A$0.95 — trading 28.4% above its estimated fair value. The current EV-to-FCF is 26.28, which is 102% above median its 10-year median of 13.04 and 37% above the Metals & Mining industry median of 19.18. Nickel Industries' overall GF Score™ is 63/100 with 10 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EV-to-FCF calculated?
EV-to-FCF is calculated from a company's financial statements. For Nickel Industries (ASX:NIC), the current EV-to-FCF is 26.28 as of Jun. 25, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Nickel Industries (ASX:NIC) Overvalued in 2026?
Based on GuruFocus' analysis, Nickel Industries stock appears to be overvalued.
The current stock price of A$0.95 is trading 28.4% above its estimated GF Value™ of A$0.74.
GuruFocus considers Nickel Industries to be Modestly Overvalued.
Key valuation signals for ASX:NIC:
EV-to-FCF: 26.28 (102% above median its 10-year median of 13.04)
GF Value™: A$0.74 vs. price of A$0.95 (28.4% above fair value)
Industry Position: 37% above the Metals & Mining median (#265 of 445)
No single metric tells the full story. See the ASX:NIC stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Nickel Industries Ltd is engaged in acquiring, exploring, and developing nickel projects. The group has three segments: nickel ore mining in Indonesia, the RKEF projects in Indonesia and Singapore, and the HPAL projects in Indonesia. Its principal operations, located in Indonesia, are the Hengjaya Nickel, Oracle Nickel, and RKEF projects located within the Indonesia Morowali Industrial Park (IMIP), the Angel Nickel RKEF Project within the Indonesia Weda Bay Industrial Park (IWIP), and the Hengjaya Mine, a large tonnage, high grade nickel laterite deposit in proximity to the IMIP.
63GF Score
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