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
|Historical stock prices|
|Current Share Price||kr3.44|
|52 Week High||kr4.81|
|52 Week Low||kr2.40|
|1 Month Change||-1.85%|
|3 Month Change||-7.53%|
|1 Year Change||38.43%|
|3 Year Change||50.88%|
|5 Year Change||-8.27%|
|Change since IPO||-85.67%|
Recent News & Updates
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...
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...
|NOM||NO Metals and Mining||NO Market|
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.
|NOM Average Weekly Movement||7.7%|
|Metals and Mining Industry Average Movement||7.7%|
|Market Average Movement||7.4%|
|10% most volatile stocks in NO Market||13.0%|
|10% least volatile stocks in NO Market||4.1%|
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
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
|NOM fundamental statistics|
Is NOM overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|NOM income statement (TTM)|
|Cost of Revenue||kr0|
Last Reported Earnings
Mar 31, 2022
Next Earnings Date
Aug 16, 2022
|Earnings per share (EPS)||0.87|
|Net Profit Margin||-107,901.06%|
How did NOM perform over the long term?See historical performance and comparison
Is Nordic Mining undervalued compared to its fair value and its price relative to the market?
Valuation Score 3/6
Below Fair Value
Significantly Below Fair Value
PE vs Industry
PE vs Market
PB vs Industry
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).
How is Nordic Mining forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
Future Growth Score0/6
Future Growth Score 0/6
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
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.
How has Nordic Mining performed over the past 5 years?
Past Performance Score3/6
Past Performance Score 3/6
Growing Profit Margin
Earnings vs Industry
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.
How is Nordic Mining's financial position?
Financial Health Score2/6
Financial Health Score 2/6
Short Term Liabilities
Long Term Liabilities
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.
What is Nordic Mining current dividend yield, its reliability and sustainability?
Dividend Score 0/6
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
How experienced are the management team and are they aligned to shareholders interests?
Average board tenure
Ivar Fossum (63 yo)
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.
Experienced Board: NOM's board of directors are considered experienced (4 years average tenure).
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
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Nordic Mining ASA's employee growth, exchange listings and data sources
- 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
- Nordic Mining ASA
- Vika Atrium
- Entrance A
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2022/05/27 00:00|
|End of Day Share Price||2022/05/27 00:00|
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.