Nick Scali Limited (AU:NCK)
ASX:NCK
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Nick Scali Limited
(Sydney:NCK)
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Rating:61Neutral
Price Target:
AU$17.00
▼(-19.66% Downside)
Action:ReiteratedDate:02/14/26
The score is primarily supported by solid financial performance (strong revenue growth and margins) but is tempered by leverage risk and weaker profitability trend. Technicals are a major drag due to a pronounced downtrend and bearish momentum despite oversold signals. Valuation is mixed, with a relatively high P/E partly balanced by a moderate dividend yield.
Positive Factors
Strong Revenue Growth
A 53.9% revenue increase signals durable demand expansion and greater market penetration. Sustained top-line growth supports operating leverage, funds reinvestment in stores and e-commerce, and underpins longer-term profit recovery even if near-term margins fluctuate.
Negative Factors
Declining Net Profit Margin
A falling net margin signals pressure below the gross-profit line—higher operating costs, logistics, or SG&A may be eroding profitability. If persistent, this reduces retained earnings, constrains reinvestment capacity, and weakens resilience to future cost shocks.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong Revenue Growth
A 53.9% revenue increase signals durable demand expansion and greater market penetration. Sustained top-line growth supports operating leverage, funds reinvestment in stores and e-commerce, and underpins longer-term profit recovery even if near-term margins fluctuate.
Read all positive factors
Nick Scali Limited (NCK) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$1.37B
Dividend Yield2.63%
Average Volume (3M)269.77K
Price to Earnings (P/E)12.3
Beta (1Y)1.35
Revenue Growth5.79%
EPS Growth-31.70%
CountryAU
Employees930
SectorConsumer Cyclical
Sector Strength84
IndustrySpecialty Retail
Share Statistics
EPS (TTM)0.48
Shares Outstanding85,530,700
10 Day Avg. Volume282,624
30 Day Avg. Volume269,768
Financial Highlights & Ratios
PEG Ratio-0.86
Price to Book (P/B)5.83
Price to Sales (P/S)3.14
P/FCF Ratio15.42
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
AU$22.56Price Target Upside6.59% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering6
EPS Forecast (FY)0.92
Revenue Forecast (FY)AU$542.84M
Nick Scali Limited Business Overview & Revenue Model
Company Description
Nick Scali Limited (NCK) is an Australian furniture retailer that specializes in the design, manufacture, and retail of high-quality furniture and home decor products. Founded in 1962, the company operates in the home furnishings sector, offering ...
How the Company Makes Money
Nick Scali makes money primarily by retailing furniture and homewares to consumers. The core revenue stream is sales of products (e.g., sofas, dining settings, beds and associated home furnishings) sold through its showrooms and e-commerce, genera...
Nick Scali Limited Financial Statement Overview
Summary
Income Statement
75
Positive
Balance Sheet
65
Positive
Cash Flow
70
Positive
| Breakdown | TTM | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 513.47M | 495.28M | 468.19M | 507.72M | 440.96M | 373.04M |
| Gross Profit | 190.58M | 314.62M | 306.80M | 322.41M | 268.98M | 236.75M |
| EBITDA | 173.00M | 157.49M | 176.95M | 199.52M | 158.78M | 159.04M |
| Net Income | 68.62M | 57.68M | 80.61M | 101.08M | 74.92M | 84.24M |
Balance Sheet | ||||||
| Total Assets | 720.35M | 705.81M | 704.88M | 607.64M | 616.39M | 489.25M |
| Cash, Cash Equivalents and Short-Term Investments | 91.68M | 100.99M | 111.33M | 89.25M | 74.62M | 106.89M |
| Total Debt | 546.40M | 316.14M | 320.37M | 318.17M | 329.60M | 226.98M |
| Total Liabilities | 442.35M | 439.13M | 447.10M | 427.73M | 475.47M | 375.22M |
| Stockholders Equity | 278.00M | 266.68M | 257.78M | 179.91M | 140.93M | 114.03M |
Cash Flow | ||||||
| Free Cash Flow | 118.79M | 100.92M | 102.72M | 121.03M | 102.25M | 124.26M |
| Operating Cash Flow | 143.41M | 115.49M | 131.18M | 133.92M | 121.23M | 139.90M |
| Investing Cash Flow | -25.77M | 15.43M | -64.91M | -12.89M | -121.50M | -15.62M |
| Financing Cash Flow | -114.06M | -113.02M | -74.19M | -66.40M | -72.00M | -80.43M |
Nick Scali Limited Technical Analysis
Negative
21.16
Price Trends
20.15
Negative
21.54
Negative
21.07
Negative
Market Momentum
-1.19
Negative
33.75
Neutral
42.44
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:NCK, the sentiment is Negative. The current price of 21.16 is above the 20-day moving average (MA) of 16.59, above the 50-day MA of 20.15, and above the 200-day MA of 21.07, indicating a bearish trend. The MACD of -1.19 indicates Negative momentum. The RSI at 33.75 is Neutral, neither overbought nor oversold. The STOCH value of 42.44 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for AU:NCK.
Nick Scali Limited Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
65 Neutral | AU$49.19M | 1.19 | 13.53% | 9.03% | 8.39% | 3.21% | |
63 Neutral | AU$378.41M | 9.38 | 16.86% | 2.86% | 1.89% | -3.30% | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
61 Neutral | AU$1.37B | 12.30 | 25.20% | 2.63% | 5.79% | -31.70% | |
61 Neutral | AU$246.50M | 6.10 | 8.37% | 5.85% | 3.99% | -18.35% | |
55 Neutral | AU$809.45M | 71.03 | 5.66% | ― | 20.66% | 543.24% | |
55 Neutral | AU$53.79M | 2.29 | 22.37% | 6.10% | -13.36% | 14.09% |
* Consumer Cyclical Sector Average
AU:NCK
Nick Scali Limited
16.01
0.20
1.27%
AU:TPW
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6.73
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1.39
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-35.53%
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0.79
-0.20
-20.60%
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Shriro Holdings Ltd.
0.75
0.08
11.94%
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Nick Scali Limited Corporate Events
State Street Group Ceases to Be Substantial Holder in Nick Scali
Mar 17, 2026
State Street Corporation, through several asset management and trustee subsidiaries, has lodged a notice that it has ceased to be a substantial shareholder in Nick Scali Limited as of 13 March 2026. The filing, made under section 671B of the Corpo...
State Street Ceases to Be Substantial Holder in Nick Scali
Mar 13, 2026
State Street Corporation, through various global asset management subsidiaries including State Street Global Advisors, has notified Nick Scali Limited that it has ceased to be a substantial holder in the company as of 11 March 2026. The change in ...
Nick Scali strengthens finance team with new CFO appointment
Mar 11, 2026
Nick Scali Limited has appointed experienced finance executive and Chartered Accountant Keith Toms as its new Chief Financial Officer and Company Secretary. Toms brings a background spanning ASX-listed corporates, global multinationals and high-gr...
Pinnacle exits substantial holder position in furniture retailer Nick Scali
Mar 4, 2026
Pinnacle Investment Management Group Limited and its listed subsidiaries have notified Nick Scali Ltd that they have ceased to be a substantial shareholder in the furniture retailer as of 27 February 2026. The change, lodged under Australia’...
Nick Scali Director Niran Peiris Doubles Indirect Shareholding via On-Market Purchase
Feb 24, 2026
Nick Scali director Niran Peiris has increased his indirect shareholding in the company through an on-market trade executed via the Turrin Peiris Superannuation Pty Ltd entity. He acquired 5,435 fully paid ordinary shares for a consideration of ...
State Street Group Ceases to Be Substantial Holder in Nick Scali Limited
Jan 29, 2026
Nick Scali Limited has disclosed that State Street Corporation, through various global asset management and banking subsidiaries, has ceased to be a substantial shareholder in the company as of 27 January 2026. The notice, lodged under Australia&#...
State Street Exits Substantial Shareholder Position in Nick Scali
Jan 27, 2026
State Street Global Advisors and related State Street Corporation subsidiaries have filed a notice that they have ceased to be substantial shareholders in Nick Scali Limited as at 23 January 2026. The change reflects a reduction in their relevant ...
Nick Scali Sets Date for Half-Year FY26 Results and Investor Webcast
Jan 22, 2026
Nick Scali Limited has announced that it will release its financial results for the half year ended 31 December 2025 on Friday, 13 February 2026, and will host a live webcast presentation for shareholders and other interested parties on the same d...
State Street Group Ceases to Be Substantial Holder in Nick Scali
Jan 6, 2026
State Street Corporation, through various subsidiaries including State Street Bank and Trust Company and State Street Global Advisors entities, has lodged a notice that it has ceased to be a substantial shareholder in Nick Scali Limited as of 2 Ja...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.