Nordic Shipholding Valuation

Q: What is the Fair Price of NORDIC when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

NORDIC (DKK0.04) is trading above our estimate of [[fair value]] (DKK0.03)

Is NORDIC undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

0/6

Valuation Score 0/6

Below Fair Value
Significantly Below Fair Value
Price-To-Book vs Peers
Price-To-Book vs Industry
Price-To-Book vs Fair Ratio
Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of NORDIC when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: NORDIC (DKK0.04) is trading above our estimate of fair value (DKK0.03)

Significantly Below Fair Value: NORDIC is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for NORDIC?

Key metric: As NORDIC is unprofitable and pre-revenue we use its Price-To-Book Ratio for relative valuation analysis.

The above table shows the Price to Book ratio for NORDIC. This is calculated by dividing NORDIC's market cap by their current book value.
What is NORDIC's PB Ratio?
PB Ratio	-0.2x
Book	-US$12.37m
Market Cap	US$2.41m

NORDIC key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue	-344.3x
Enterprise Value/EBITDA	9.7x
PEG Ratio	n/a

Price to Book Ratio vs Peers

How does NORDIC's PB Ratio compare to its peers?

The above table shows the PB ratio for NORDIC vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
Company	Forward PB	Estimated Growth	Market Cap
Peer Average	1.3x
ERRIA Erria	3.3x	n/a	DKK 34.1m
INDX Tanah Laut	1.1x	n/a	Rp34.2b
DNORD Dampskibsselskabet Norden	0.7x	n/a	DKK 6.6b
ICON Icon Energy	0.2x	n/a	US$3.1m
NORDIC Nordic Shipholding	n/a	n/a	DKK 16.2m

Price-To-Book vs Peers: NORDIC has negative equity and a Price-To-Book Ratio (-0.2x) compared to the peer average (2.5x).

Price to Book Ratio vs Industry

How does NORDIC's PB Ratio compare vs other companies in the European Shipping Industry?

1 Company	Price / Book	Estimated Growth	Market Cap

1 Company		Estimated Growth	Market Cap

No more companies

Price-To-Book vs Industry: NORDIC has negative equity and a Price-To-Book Ratio (-0.2x) compared to the European Shipping industry average (1.2x).

Price to Book Ratio vs Fair Ratio

What is NORDIC's PB Ratio compared to its Fair PB Ratio? This is the expected PB Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

NORDIC PB Ratio vs Fair Ratio.
Fair Ratio
Current PB Ratio	-0.2x
Fair PB Ratio	n/a

Price-To-Book vs Fair Ratio: Insufficient data to calculate NORDIC's Price-To-Book Fair Ratio for valuation analysis.

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Insufficient data to show price forecast.