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Nickel Industries Valuation Multiples
Discover revenue and EBITDA valuation multiples for Nickel Industries and similar public comparables like Emerald Resources, Salzgitter, Peabody Energy, Ero Copper and more.
Nickel Industries Overview
About Nickel Industries
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.
Founded
2007
HQ

Employees
N/A
Website
Sectors
Financials (LTM)
EV
$4B
Nickel Industries Financials
Nickel Industries reported last 12-month revenue of $2B and EBITDA of $357M.
In the same LTM period, Nickel Industries generated $357M in EBITDA and $28M in net income.
Revenue (LTM)
Nickel Industries P&L
In the most recent fiscal year, Nickel Industries reported revenue of $2B and EBITDA of $251M.
Nickel Industries expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $2B | XXX | $2B | XXX | XXX | XXX |
| Gross Profit | — | XXX | $281M | XXX | XXX | XXX |
| Gross Margin | — | XXX | 17% | XXX | XXX | XXX |
| EBITDA | $357M | XXX | $251M | XXX | XXX | XXX |
| EBITDA Margin | 20% | XXX | 15% | XXX | XXX | XXX |
| EBIT Margin | 12% | XXX | 8% | XXX | XXX | XXX |
| Net Profit | $28M | XXX | ($57M) | XXX | XXX | XXX |
| Net Margin | 2% | XXX | (3%) | XXX | XXX | XXX |
| Net Debt | — | — | $903M | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
Nickel Industries Stock Performance
Nickel Industries has current market cap of $3B, and enterprise value of $4B.
Market Cap Evolution
Nickel Industries' stock price is $0.71.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $4B | $3B | 0.0% | XXX | XXX | XXX | $-0.01 |
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Start Free TrialNickel Industries Valuation Multiples
Nickel Industries trades at 2.2x EV/Revenue multiple, and 11.1x EV/EBITDA.
EV / Revenue (LTM)
Nickel Industries Financial Valuation Multiples
As of April 20, 2026, Nickel Industries has market cap of $3B and EV of $4B.
Equity research analysts estimate Nickel Industries' 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Nickel Industries has a P/E ratio of 108.1x.
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $3B | XXX | $3B | XXX | XXX | XXX |
| EV (current) | $4B | XXX | $4B | XXX | XXX | XXX |
| EV/Revenue | 2.2x | XXX | 2.4x | XXX | XXX | XXX |
| EV/EBITDA | 11.1x | XXX | 15.9x | XXX | XXX | XXX |
| EV/EBIT | 18.5x | XXX | 31.2x | XXX | XXX | XXX |
| EV/Gross Profit | — | XXX | 14.2x | XXX | XXX | XXX |
| P/E | 108.1x | XXX | (53.9x) | XXX | XXX | XXX |
| EV/FCF | 15.7x | XXX | 21.5x | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified Nickel Industries Valuation Multiples
Access all public comps and forward-looking valuation multiples like EV/Revenue in 2027, based on consensus analyst estimates. Powered by FactSet and Morningstar.


Nickel Industries Margins & Growth Rates
Nickel Industries' revenue in the last 12 month grew by 32%.
Nickel Industries' rule of 40 is 63% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
Nickel Industries' rule of X is 118% (created by Bessemer, rule of X is another metric to measure SaaS companies, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).
Nickel Industries Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 32% | XXX | 36% | XXX | XXX | XXX |
| EBITDA Margin | 20% | XXX | 15% | XXX | XXX | XXX |
| EBITDA Growth | 95% | XXX | 142% | XXX | XXX | XXX |
| Rule of 40 | — | XXX | 63% | XXX | XXX | XXX |
| Bessemer Rule of X | — | XXX | 118% | XXX | XXX | XXX |
| G&A Expenses to Revenue | — | XXX | 0% | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 10% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Nickel Industries Public Comps
See public comps and valuation multiples for other Metals & Mining comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| Nickel Industries | XXX | XXX | XXX | XXX | XXX | XXX |
| Emerald Resources | XXX | XXX | XXX | XXX | XXX | XXX |
| Salzgitter | XXX | XXX | XXX | XXX | XXX | XXX |
| Peabody Energy | XXX | XXX | XXX | XXX | XXX | XXX |
| Ero Copper | XXX | XXX | XXX | XXX | XXX | XXX |
| İsdemir | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc.
Nickel Industries M&A Activity
Nickel Industries acquired XXX companies to date.
Last acquisition by Nickel Industries was on XXXXXXXX, XXXXX. Nickel Industries acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by Nickel Industries
| Acquired Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
Get Verified M&A Valuation Multiples
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Start Free TrialNickel Industries Investment Activity
Nickel Industries invested in XXX companies to date.
Nickel Industries made its latest investment on XXXXXXXX, XXXXX. Nickel Industries invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by Nickel Industries
| Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialAbout Nickel Industries
| When was Nickel Industries founded? | Nickel Industries was founded in 2007. |
| Where is Nickel Industries headquartered? | Nickel Industries is headquartered in Australia. |
| Is Nickel Industries publicly listed? | Yes, Nickel Industries is a public company listed on Australian Securities Exchange. |
| What is the stock symbol of Nickel Industries? | Nickel Industries trades under NIC ticker. |
| When did Nickel Industries go public? | Nickel Industries went public in 2018. |
| Who are competitors of Nickel Industries? | Nickel Industries main competitors are Emerald Resources, Salzgitter, Peabody Energy, Ero Copper. |
| What is the current market cap of Nickel Industries? | Nickel Industries' current market cap is $3B. |
| What is the current revenue of Nickel Industries? | Nickel Industries' last 12 months revenue is $2B. |
| What is the current revenue growth of Nickel Industries? | Nickel Industries revenue growth (NTM/LTM) is 32%. |
| What is the current EV/Revenue multiple of Nickel Industries? | Current revenue multiple of Nickel Industries is 2.2x. |
| Is Nickel Industries profitable? | Yes, Nickel Industries is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of Nickel Industries? | Nickel Industries' last 12 months EBITDA is $357M. |
| What is Nickel Industries' EBITDA margin? | Nickel Industries' last 12 months EBITDA margin is 20%. |
| What is the current EV/EBITDA multiple of Nickel Industries? | Current EBITDA multiple of Nickel Industries is 11.1x. |
| What is the current FCF of Nickel Industries? | Nickel Industries' last 12 months FCF is $254M. |
| What is Nickel Industries' FCF margin? | Nickel Industries' last 12 months FCF margin is 14%. |
| What is the current EV/FCF multiple of Nickel Industries? | Current FCF multiple of Nickel Industries is 15.7x. |
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