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NOM

Nordic Mining OB:NOM Stock Report

Last Price

kr3.44

Market Cap

kr799.2m

7D

3.0%

1Y

38.4%

Updated

27 May, 2022

Data

Company Financials
NOM fundamental analysis
Snowflake Score
Valuation3/6
Future Growth0/6
Past Performance3/6
Financial Health2/6
Dividends0/6

NOM Stock Overview

Nordic Mining ASA, together with its subsidiaries, engages in the exploration, extraction, and production of industrial minerals and metals in Norway and internationally.

Nordic Mining Competitors

 

 

 

 

 

 

 

 

 

 

 

 

Price History & Performance

Summary of all time highs, changes and price drops for Nordic Mining
Historical stock prices
Current Share Pricekr3.44
52 Week Highkr4.81
52 Week Lowkr2.40
Beta1.28
1 Month Change-1.85%
3 Month Change-7.53%
1 Year Change38.43%
3 Year Change50.88%
5 Year Change-8.27%
Change since IPO-85.67%

Recent News & Updates

Nov 16
Nordic Mining's (OB:NOM) Earnings Are Built On Soft Foundations

Nordic Mining's (OB:NOM) Earnings Are Built On Soft Foundations

Nordic Mining ASA ( OB:NOM ) posted some decent earnings, but shareholders didn't react strongly. Our analysis suggests...

May 12
We're Hopeful That Nordic Mining (OB:NOM) Will Use Its Cash Wisely

We're Hopeful That Nordic Mining (OB:NOM) Will Use Its Cash Wisely

Even when a business is losing money, it's possible for shareholders to make money if they buy a good business at the...

Shareholder Returns

NOMNO Metals and MiningNO Market
7D3.0%1.9%3.1%
1Y38.4%35.9%14.8%

Return vs Industry: NOM underperformed the Norwegian Metals and Mining industry which returned 42.4% over the past year.

Return vs Market: NOM exceeded the Norwegian Market which returned 15% over the past year.

Price Volatility

Is NOM's price volatile compared to industry and market?
NOM volatility
NOM Average Weekly Movement7.7%
Metals and Mining Industry Average Movement7.7%
Market Average Movement7.4%
10% most volatile stocks in NO Market13.0%
10% least volatile stocks in NO Market4.1%

Stable Share Price: NOM is not significantly more volatile than the rest of Norwegian stocks over the past 3 months, typically moving +/- 8% a week.

Volatility Over Time: NOM's weekly volatility (8%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
20067Ivar Fossumhttps://www.nordicmining.com

Nordic Mining ASA, together with its subsidiaries, engages in the exploration, extraction, and production of industrial minerals and metals in Norway and internationally. The company primarily explores for rutile, garnet, quartz, lithium, and seabed minerals. Its flagship project is the Engebø project located in the west coast of Norway.

Nordic Mining Fundamentals Summary

How do Nordic Mining's earnings and revenue compare to its market cap?
NOM fundamental statistics
Market Capkr799.17m
Earnings (TTM)kr202.85m
Revenue (TTM)n/a

3.9x

P/E Ratio

-4,300x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
NOM income statement (TTM)
Revenue-kr188.00k
Cost of Revenuekr0
Gross Profit-kr188.00k
Other Expenses-kr203.04m
Earningskr202.85m

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

Aug 16, 2022

Earnings per share (EPS)0.87
Gross Margin100.00%
Net Profit Margin-107,901.06%
Debt/Equity Ratio32.7%

How did NOM perform over the long term?

See historical performance and comparison

Valuation

Is Nordic Mining undervalued compared to its fair value and its price relative to the market?

Valuation Score

3/6

Valuation Score 3/6

  • Below Fair Value

  • Significantly Below Fair Value

  • PE vs Industry

  • PE vs Market

  • PEG Ratio

  • PB vs Industry


3.94x

Price to Earnings (PE) ratio

Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate NOM's fair value for valuation analysis.

Significantly Below Fair Value: Insufficient data to calculate NOM's fair value for valuation analysis.


Price To Earnings Ratio

PE vs Industry: NOM is good value based on its Price-To-Earnings Ratio (3.9x) compared to the European Metals and Mining industry average (5.6x).

PE vs Market: NOM is good value based on its Price-To-Earnings Ratio (3.9x) compared to the Norwegian market (13.4x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate NOM's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: NOM is good value based on its Price-To-Book Ratio (1.9x) compared to the NO Metals and Mining industry average (3.7x).


Future Growth

How is Nordic Mining forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

Future Growth Score

0/6

Future Growth Score 0/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


-13.6%

Forecasted Materials industry annual growth in earnings

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Nordic Mining has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Past Performance

How has Nordic Mining performed over the past 5 years?

Past Performance Score

3/6

Past Performance Score 3/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


30.6%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: NOM has a high level of non-cash earnings.

Growing Profit Margin: NOM became profitable in the past.


Past Earnings Growth Analysis

Earnings Trend: NOM has become profitable over the past 5 years, growing earnings by 30.6% per year.

Accelerating Growth: NOM has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: NOM has become profitable in the last year, making it difficult to compare its past year earnings growth to the Metals and Mining industry (102.9%).


Return on Equity

High ROE: NOM's Return on Equity (48%) is considered outstanding.


Financial Health

How is Nordic Mining's financial position?

Financial Health Score

2/6

Financial Health Score 2/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: NOM's short term assets (NOK148.6M) do not cover its short term liabilities (NOK151.2M).

Long Term Liabilities: NOM's short term assets (NOK148.6M) exceed its long term liabilities (NOK973.0K).


Debt to Equity History and Analysis

Debt Level: NOM's net debt to equity ratio (25.1%) is considered satisfactory.

Reducing Debt: Insufficient data to determine if NOM's debt to equity ratio has reduced over the past 5 years.

Debt Coverage: NOM's operating cash flow is negative, therefore debt is not well covered.

Interest Coverage: Insufficient data to determine if NOM's interest payments on its debt are well covered by EBIT.


Balance Sheet


Dividend

What is Nordic Mining current dividend yield, its reliability and sustainability?

Dividend Score

0/6

Dividend Score 0/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Future Dividend Coverage

Dividend Yield vs Market

Notable Dividend: Unable to evaluate NOM's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate NOM's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if NOM's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if NOM's dividend payments have been increasing.


Earnings Payout to Shareholders

Earnings Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: Unable to calculate sustainability of dividends as NOM has not reported any payouts.


Discover strong dividend paying companies

Management

How experienced are the management team and are they aligned to shareholders interests?

4.0yrs

Average board tenure


CEO

Ivar Fossum (63 yo)

no data

Tenure

kr3,111,000

Compensation

Mr. Ivar Sund Fossum serves as Director at Keliber Oy since 2021. Mr. Fossum serves as the Chief Executive Officer of Geological Survey of Finland and Nordic Mining ASA. Mr. Fossum served as Managing Direc...


CEO Compensation Analysis

Compensation vs Market: Ivar's total compensation ($USD327.99K) is about average for companies of similar size in the Norwegian market ($USD326.90K).

Compensation vs Earnings: Ivar's compensation has been consistent with company performance over the past year.


Board Members

Experienced Board: NOM's board of directors are considered experienced (4 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: NOM insiders have sold more shares than they have bought in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Nordic Mining ASA's employee growth, exchange listings and data sources


Key Information

  • Name: Nordic Mining ASA
  • Ticker: NOM
  • Exchange: OB
  • Founded: 2006
  • Industry: Diversified Metals and Mining
  • Sector: Materials
  • Implied Market Cap: kr799.170m
  • Shares outstanding: 232.32m
  • Website: https://www.nordicmining.com

Number of Employees


Location

  • Nordic Mining ASA
  • Vika Atrium
  • Entrance A
  • Oslo
  • Oslo
  • 250
  • Norway

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/05/27 00:00
End of Day Share Price2022/05/27 00:00
Earnings2022/03/31
Annual Earnings2021/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.