Nickel AsiaNCKAF 93 EV-to-FCF is 19.47 as of Jul. 01, 2026, which is 130% above its 10-year median of 8.48. GuruFocus rates NCKAF with a GF Score™ of 93/100 and a GF Value™ of $0.06 (Significantly Overvalued). The stock has 3 warning signs investors should review. Among 447 Metals & Mining companies, Nickel Asia ranks worse than 52.13% on this metric.
EV-to-FCF is calculated as enterprise value divided by its free cash flow. As of today, Nickel Asia's Enterprise Value is $930.3 Mil.
Nickel Asia's Free Cash Flow for the trailing twelve months (TTM) ended in Mar. 2026 was $47.8 Mil. Therefore, Nickel Asia's EV-to-FCF for today is 19.47.
The historical rank and industry rank for Nickel Asia's EV-to-FCF or its related term are showing as below:
NCKAF'
s EV-to-FCF Range Over the Past 10 Years
Min: -548.46 Med: 8.48 Max: 80.6
Current: 19.86
During the past 13 years, the highest EV-to-FCF of Nickel Asia was 80.60. The lowest was -548.46. And the median was 8.48.
NCKAF's EV-to-FCF is ranked worse than 52.13% of 447
companies
in the Metals & Mining industry
Industry Median: 18.31
vs NCKAF: 19.86
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 Asia's PE Ratio (TTM) for today is calculated as:
Nickel Asia's share price for today is $0.10.
Nickel Asia's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $0.007.
* 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 Asia EV-to-FCF Related Terms
Nickel Asia EV-to-FCF Historical Data
* Premium members only.
The historical data trend for Nickel Asia'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 Asia'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 Asia EV-to-FCF vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Nickel Asia's EV-to-FCF distribution charts can be found below:
* The bar in red indicates where Nickel Asia's EV-to-FCF falls into.
Nickel Asia's current Enterprise Value is $930.3 Mil.
Nickel Asia's Free Cash Flow for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $47.8 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 Asia (NCKAF) has a EV-to-FCF of 19.47 as of Jul. 01, 2026. EV to FCF ratio is the company's enterprise value divided by free cash flow. View historical data on Nickel Asia and its competitors. This is 130% above median its historical median of 8.48. According to the industry distribution chart, Nickel Asia ranks #233 out of 447 companies in the Metals & Mining industry, placing it in the top 52.1%.
Is Nickel Asia's EV-to-FCF too high?
Nickel Asia's current EV-to-FCF of 19.47 is 130% above median its 10-year median of 8.48. The Metals & Mining industry median EV-to-FCF is 18.31. Nickel Asia's value of 19.47 is 6.3% above this industry median. Based on the distribution chart, Nickel Asia ranks #233 out of 447 companies in the Metals & Mining industry, which is below the industry midpoint. Overall, Nickel Asia has a GF Score™ of 93/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Nickel Asia's EV-to-FCF compare to competitors?
According to the Metals & Mining industry distribution chart, Nickel Asia ranks #233 out of 447 companies for EV-to-FCF. This places Nickel Asia in the lower half of its industry. The industry median EV-to-FCF is 18.31. Nickel Asia's value of 19.47 is 6.3% above this benchmark. While the company's 10-year median is 8.48 vs. the industry median of 18.31, Nickel Asia 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 18.31, based on 447 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 Asia's current EV-to-FCF of 19.47 is 6.3% 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 Asia and its competitors. For the Metals & Mining industry, the median EV-to-FCF is 18.31 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Nickel Asia's current EV-to-FCF is 19.47, which is 130% above median its own 10-year median of 8.48. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nickel Asia stock overvalued right now?
Based on GuruFocus' analysis, Nickel Asia (NCKAF) is currently considered Significantly Overvalued. The stock's GF Value™ is $0.06, compared to a current price of $0.10 — trading 66.7% above its estimated fair value. The current EV-to-FCF is 19.47, which is 130% above median its 10-year median of 8.48 and 6.3% above the Metals & Mining industry median of 18.31. Nickel Asia's overall GF Score™ is 93/100 with 3 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 Asia (NCKAF), the current EV-to-FCF is 19.47 as of Jul. 01, 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 Asia (NCKAF) Overvalued in 2026?
Based on GuruFocus' analysis, Nickel Asia stock appears to be overvalued.
The current stock price of $0.10 is trading 66.7% above its estimated GF Value™ of $0.06.
GuruFocus considers Nickel Asia to be Significantly Overvalued.
Key valuation signals for NCKAF:
EV-to-FCF: 19.47 (130% above median its 10-year median of 8.48)
GF Value™: $0.06 vs. price of $0.10 (66.7% above fair value)
Industry Position: 6.3% above the Metals & Mining median (#233 of 447)
No single metric tells the full story. See the NCKAF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Nickel Asia Corp is a diversified natural resources development company is principally engaged in the business of producing beneficiated nickel ore, limestone, and quarry materials, rendering of services, and generating revenue from sale of power. The company has three operating segments which is The mining segment which accounts for a majority of the company's revenue includes the mining and exploration of nickel saprolite and limonite ore, limestone, and quarry materials, the services segment includes chartering out of LCT, construction and rendering of services to CBNC, THNC, and other parties and leasing of aircraft to WAISC, and the power segment is into power generation and exploration for geothermal resources.
93GF Score
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