Nickel Industries (ASX:NIC) ROCE %: 1.99% (As of Dec. 2025)


ASX:NIC Nickel Industries Ltd ASX:NIC
63 GF Score
Price A$0.95
GF Value A$0.74
Valuation Modestly Overvalued
! 10 Warning Signs
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What is Nickel Industries ROCE %?

Nickel Industries ASX:NIC +1.60% 63 ROCE % is 1.99% as of Dec. 2025. 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.

ROCE % measures how well a company generates profits from its capital. It is calculated as EBIT divided by Capital Employed, where Capital Employed is calculated as Total Assets minus Total Current Liabilities. Nickel Industries's annualized ROCE % for the quarter that ended in Dec. 2025 was 1.99%.

Nickel Industries  (ASX:NIC) ROCE % Explanation

ROCE % can be especially useful when comparing the performance of capital-intensive companies. Unlike ROE %, which indicates the profitability of Shareholders Equity, ROCE % also considers long-term debt in Capital Employed. This can be helpful when analyzing companies with significant debt, as the result is neutralized by taking debt into consideration.

Generally speaking, a higher ROCE % indicates a stonger profitability for a company. Moreover, it is important to look at the ratio from a long term perspective. Investors tend to favor companies with stable and rising ROCE % trend over those with volatile ones.

Nickel Industries ROCE % Related Terms

Nickel Industries ROCE % Historical Data

* Premium members only.

The historical data trend for Nickel Industries's ROCE % 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 ROCE % Chart

Nickel Industries Annual Data
Trend Jun18 Jun19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
ROCE %
Get a 7-Day Free Trial 13.64 12.25 9.74 -1.88 3.64

Nickel Industries Semi-Annual Data
Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
ROCE % 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 11.81 4.26 -8.09 5.57 1.99
ASX:NIC
63GF Score
Nickel Industries Ltd ASX:NIC
ROCE % is just one metric. See GF Score™, valuation, warning signs, and more.
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Nickel Industries ROCE % Calculation

Nickel Industries's annualized ROCE % for the fiscal year that ended in Dec. 2025 is calculated as:

ROCE %=EBIT/( (Capital Employed+Capital Employed)/ count )
(A: Dec. 2025 )  (A: Dec. 2024 )(A: Dec. 2025 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(A: Dec. 2025 )  (A: Dec. 2024 )(A: Dec. 2025 )
=201.48/( ( (6152.176 - 560.51) + (6417.949 - 940.89) )/ 2 )
=201.48/( (5591.666+5477.059)/ 2 )
=201.48/5534.3625
=3.64 %

Nickel Industries's ROCE % of for the quarter that ended in Dec. 2025 is calculated as:

ROCE %=EBIT (1)/( (Capital Employed+Capital Employed)/ count )
(Q: Dec. 2025 )  (Q: Jun. 2025 )(Q: Dec. 2025 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(Q: Dec. 2025 )  (Q: Jun. 2025 )(Q: Dec. 2025 )
=106.886/( ( (5893.741 - 643.868) + (6417.949 - 940.89) )/ 2 )
=106.886/( ( 5249.873 + 5477.059 )/ 2 )
=106.886/5363.466
=1.99 %

(1) Note: The EBIT data used here is two times the semi-annual (Dec. 2025) EBIT data.

* 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.

Frequently Asked Questions Learn more about ROCE % →
What does a ROCE % of 1.99% mean?
Nickel Industries (ASX:NIC) has a ROCE % of 1.99% as of Dec. 2025.
Is Nickel Industries' ROCE % too high?
Nickel Industries' current ROCE % is 1.99%. 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' ROCE % compare to competitors?
Nickel Industries' ROCE % of 1.99% 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 ROCE % for a Metals & Mining company?
A good ROCE % depends on the Metals & Mining industry context. However, ROCE % 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 ROCE % mean?
A high ROCE % can signal that a stock is expensive relative to its fundamentals. Nickel Industries's current ROCE % is 1.99%. 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 ROCE % is 1.99%. 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 ROCE % calculated?
ROCE % is calculated from a company's financial statements. For Nickel Industries (ASX:NIC), the current ROCE % is 1.99% 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$0.95 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:

  • ROCE %: 1.99%
  • GF Value™: A$0.74 vs. price of A$0.95 (28.4% above fair value)
  • GF Score™: 63/100 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.
63GF Score

Get the complete analysis for ASX:NIC

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

A$0.95
Price
A$0.74
GF Value