Nickel Industries (ASX:NIC) Goodwill: A$71 Mil (As of Dec. 2025)


ASX:NIC Nickel Industries Ltd ASX:NIC
65 GF Score
Price A$0.90
GF Value A$0.74
Valuation Modestly Overvalued
! 10 Warning Signs
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What is Nickel Industries Goodwill?

Nickel Industries ASX:NIC +1.12% 65 Goodwill is A$71 Mil as of Dec. 2025. GuruFocus rates ASX:NIC with a GF Score™ of 65/100 and a GF Value™ of A$0.74 (Modestly Overvalued). The stock has 10 warning signs investors should review.

A Goodwill is an intangible asset that arises as a result of the acquisition of one company by another for a premium value. The value of a company's brand name, solid customer base, good customer relations, good employee relations and any patents or proprietary technology represent goodwill. Nickel Industries's goodwill for the quarter that ended in Dec. 2025 was A$71 Mil.


Nickel Industries  (ASX:NIC) Goodwill Explanation

Goodwill to Asset ratio measures how much goodwill a company is recording compared to the total level of its assets.

It is calculated by dividing goodwill by total assets.

Nickel Industries's Goodwill-to-Asset Ratio for the fiscal year that ended in Dec. 2025 is calculated as

Goodwill-to-Asset (A: Dec. 2025 )=Goodwill/Total Assets
=71.253/6417.949
=0.01

Nickel Industries's Goodwill-to-Asset Ratio for the quarter that ended in Dec. 2025 is calculated as

Goodwill-to-Asset (Q: Dec. 2025 )=Goodwill/Total Assets
=71.253/6417.949
=0.01

* 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.

If the goodwill-to-asset ratio increases, it can mean that the company is recording a proportionately higher amount of goodwill, assuming total assets are remaining constant. It is generally good to see a company increasing its assets regularly; however, if these increases are coming from intangible assets, such as goodwill, the increases may not be as good.

Increases in the goodwill-to-asset ratio might suggest that a company has been aggressively acquiring other firms or has seen its tangible assets decrease in value. When a large portion of total assets are attributable to intangible assets (such as goodwill), the company may be at risk of having that portion of its asset base wiped out quickly if it must record any goodwill impairments. Decreases in the goodwill-to-assets ratio suggest that the company has either written down some goodwill or increased its tangible assets.

Asset needs vary from industry to industry. This is why comparing goodwill-to-assets ratios is generally most meaningful among companies within the same industry. By comparing a company's goodwill to assets ratio to those of other companies within the same industry, investors can get a feel for how a company is managing its goodwill.


Nickel Industries Goodwill Related Terms


Nickel Industries Goodwill Historical Data

* Premium members only.

The historical data trend for Nickel Industries's Goodwill 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.

Nickel Industries Goodwill Chart

Nickel Industries Annual Data
Trend Jun18 Jun19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Goodwill
Get a 7-Day Free Trial 109.02 152.27 153.51 74.76 71.25

Nickel Industries Semi-Annual Data
Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
Goodwill Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 153.51 0.00 74.76 0.00 71.25
ASX:NIC
65GF Score
Nickel Industries Ltd ASX:NIC
Goodwill is just one metric. See GF Score™, valuation, warning signs, and more.
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Nickel Industries Goodwill Calculation

A Goodwill is an intangible asset that arises as a result of the acquisition of one company by another for a premium value. The value of a company's brand name, solid customer base, good customer relations, good employee relations and any patents or proprietary technology represent goodwill. Goodwill is considered an intangible asset because it is not a physical asset like buildings or equipment. The goodwill account can be found in the assets portion of a company's balance sheet.

Frequently Asked Questions Learn more about Goodwill →
What does a Goodwill of A$71 Mil mean?
Nickel Industries (ASX:NIC) has a Goodwill of A$71 Mil as of Dec. 2025. Goodwill is the intangible assets representing the value in excess of the acquired company's value. View historical data on Nickel Industries and its competitors.
Is Nickel Industries' Goodwill too high?
Nickel Industries' current Goodwill is A$71 Mil. Overall, Nickel Industries has a GF Score™ of 65/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Nickel Industries' Goodwill compare to competitors?
Nickel Industries' Goodwill of A$71 Mil can be compared against companies in the Metals & Mining industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Goodwill for a Metals & Mining company?
A good Goodwill depends on the Metals & Mining industry context. However, Goodwill should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Goodwill mean?
A high Goodwill can signal that a stock is expensive relative to its fundamentals. Goodwill is the intangible assets representing the value in excess of the acquired company's value. View historical data on Nickel Industries and its competitors. Nickel Industries's current Goodwill is A$71 Mil. 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$0.90 — trading 21.6% above its estimated fair value. The current Goodwill is A$71 Mil. Nickel Industries' overall GF Score™ is 65/100 with 10 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Goodwill calculated?
Goodwill is calculated from a company's financial statements. For Nickel Industries (ASX:NIC), the current Goodwill is A$71 Mil as of Dec. 2025. 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$0.90 is trading 21.6% above its estimated GF Value™ of A$0.74. GuruFocus considers Nickel Industries to be Modestly Overvalued.

Key valuation signals for ASX:NIC:

  • Goodwill: A$71 Mil
  • GF Value™: A$0.74 vs. price of A$0.90 (21.6% above fair value)
  • GF Score™: 65/100 with 10 warning signs

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 Business Description

Other Exchanges NICMF:USANM5:Germany
Address 66 Hunter Street, Level 2, Sydney, NSW, AUS, 2000
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.
65GF Score

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Goodwill is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

A$0.90
Price
A$0.74
GF Value