OB:NOM

Stock Analysis Report

Executive Summary

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

Snowflake

Fundamentals

Flawless balance sheet and overvalued.

Risks

  • Nordic Mining has significant price volatility in the past 3 months.
  • Nordic Mining is covered by less than 3 analysts.

Share Price & News

How has Nordic Mining's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

-6.9%

OB:NOM

4.2%

NO Metals and Mining

2.6%

NO Market


1 Year Return

-45.3%

OB:NOM

1.8%

NO Metals and Mining

-9.1%

NO Market

NOM underperformed the Metals and Mining industry which returned 1.8% over the past year.

NOM underperformed the Market in Norway which returned -9.1% over the past year.


Share holder returns

NOMIndustryMarket
7 Day-6.9%4.2%2.6%
30 Day-20.6%12.0%8.6%
90 Day-25.6%-2.4%2.6%
1 Year-45.0%-45.3%8.9%1.8%-4.0%-9.1%
3 Year-68.9%-69.0%54.8%34.9%50.8%31.1%
5 Year-74.4%-76.3%32.3%9.3%47.8%13.1%

Price Volatility Vs. Market

How volatile is Nordic Mining's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Nordic Mining undervalued based on future cash flows and its price relative to the stock market?

11.32x

Price to Earnings (PE) ratio


Intrinsic Value Based on Future Cash Flows

Unable to calculate intrinsic value for Nordic Mining to establish if it is available at moderate discount.

Unable to calculate intrinsic value for Nordic Mining to establish if it is available at substantial discount.


Price Based on Earnings

Nordic Mining is overvalued based on earnings compared to the Europe Metals and Mining industry average.

Nordic Mining is good value based on earnings compared to the Norway market.


Price Based on Expected Growth

Nordic Mining earnings are not expected to grow next year, we can't assess if its growth is good value.


Price Based on Value of Assets

Nordic Mining is overvalued based on assets compared to the Europe Metals and Mining industry average.


Next Steps

Future Growth

How is Nordic Mining expected to perform in the next 1 to 3 years based on estimates from 1 analyst?

-102.0%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

Unable to determine if Nordic Mining is high growth as no revenue estimate data is available.

Nordic Mining's earnings are expected to decrease over the next 1-3 years, this is not considered high growth.

Unable to compare Nordic Mining's revenue growth to the Norway market average as no estimate data is available.

Nordic Mining's earnings are expected to decrease over the next 1-3 years, this is below the Norway market average.

Nordic Mining's earnings are expected to decrease over the next 1-3 years, this is below the low risk savings rate of 1.8%.


Earnings per Share Growth Estimates


Future Return on Equity

Unable to establish if Nordic Mining will efficiently use shareholders’ funds in the future without estimates of Return on Equity.


Next Steps

Past Performance

How has Nordic Mining performed over the past 5 years?

-2.3%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Nordic Mining's year on year earnings growth rate was negative over the past 5 years, however the most recent earnings are above average.

Nordic Mining has become profitable in the last year making the earnings growth rate difficult to compare to the 5-year average.

Nordic Mining has become profitable in the last year making it difficult to compare the Europe Metals and Mining industry average.


Return on Equity

Nordic Mining has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).


Return on Assets

Nordic Mining used its assets more efficiently than the Europe Metals and Mining industry average last year based on Return on Assets.


Return on Capital Employed

It is difficult to establish if Nordic Mining improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.


Next Steps

Financial Health

How is Nordic Mining's financial position?


Financial Position Analysis

Nordic Mining is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.

Nordic Mining's cash and other short term assets cover its long term commitments.


Debt to Equity History and Analysis

Nordic Mining has no debt.

Nordic Mining currently has no debt however we can't compare to 5 years ago as we have no data for that period.

Nordic Mining has no debt, it does not need to be covered by operating cash flow.

Nordic Mining has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet

Low level of unsold assets.

Nordic Mining has no debt, it does not need to be covered by short term assets.


Next Steps

Dividend

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


Dividend Yield and Payments Analysis

Unable to evaluate Nordic Mining's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.

Unable to evaluate Nordic Mining's dividend against the top 25% market benchmark as the company has not reported any payouts.

Unable to perform a dividend volatility check as Nordic Mining has not reported any payouts.

Unable to verify if Nordic Mining's dividend has been increasing as the company has not reported any payouts.


Current Payout to Shareholders

Unable to calculate sustainability of dividends as Nordic Mining has not reported any payouts.


Future Payout to Shareholders

No need to calculate the sustainability of Nordic Mining's dividends in 3 years as they are not expected to pay a notable one for Norway.


Next Steps

Management

What is the CEO of Nordic Mining's salary, the management and board of directors tenure and is there insider trading?

0.3yrs

Average board tenure


CEO

Ivar Fossum (60yo)

0yrs

Tenure

kr2,756,000

Compensation

Mr. Ivar Sund Fossum serves as the Chief Executive Officer of Geological Survey of Finland and Nordic Mining ASA. Mr. Fossum served as Managing Director of Nordic Mining ASA. He held various managerial and ...


CEO Compensation Analysis

Ivar's remuneration is about average for companies of similar size in Norway.

Ivar's compensation has increased in line with Nordic Mining recently becoming profitable.


Board Age and Tenure

0.3yrs

Average Tenure

57yo

Average Age

The average tenure for the Nordic Mining board of directors is less than 3 years, this suggests a new board.


Insider Trading

No 3 month open market individual insider trading information.


Recent Insider Transactions

Buykr98,80022 Nov 18
Kenneth Angedal
EntityIndividual
Role
Other Key Executive
Project Manager of Engebø
Shares38,000
Max Pricekr2.60
Buykr70,96021 Nov 18
Birte Norheim
EntityIndividual
Role
Chief Financial Officer
Chief Financial Officer
Shares29,815
Max Pricekr2.38
Buykr23,70030 Oct 18
Kjell Sletsjøe
EntityIndividual
Role
Vice Chairman
Deputy Chairman
Shares10,000
Max Pricekr2.37
Buykr82,95026 Oct 18
Mari Thjømøe
EntityIndividual
Role
Member of the Board of Directors
Director
Shares35,000
Max Pricekr2.37

Ownership Breakdown


Management Team

  • Lars Grøndahl (64yo)

    Senior Advisor

    • Tenure: 0yrs
    • Compensation: kr2.05m
  • Ivar Fossum (60yo)

    Chief Executive Officer

    • Tenure: 0yrs
    • Compensation: kr2.76m
  • Birte Norheim (46yo)

    Chief Financial Officer

    • Tenure: 1.1yrs
    • Compensation: kr2.03m
  • Mona Schanche (39yo)

    Vice President of Exploration

    • Tenure: 0yrs
    • Compensation: kr1.31m
  • Kenneth Angedal

    Project Manager of Engebø

    • Tenure: 1.1yrs
    • Compensation: kr1.46m

Board Members

  • Kjell Roland (66yo)

    Chairman

    • Tenure: 0.3yrs
    • Compensation: kr200.00k
  • Eva Kaijser (47yo)

    Director

    • Tenure: 2.3yrs
    • Compensation: kr121.00k
  • Mari Thjømøe (57yo)

    Director

    • Tenure: 6.7yrs
    • Compensation: kr200.00k
  • Kjell Sletsjøe

    Deputy Chairman

    • Tenure: 0.3yrs
  • Benedicte Nordang

    Director

    • Tenure: 0.3yrs
  • Anthony Beckmand

    Director

    • Tenure: 0.3yrs

Company Information

Nordic Mining ASA's company bio, 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
  • Market Cap: kr240.851m
  • Shares outstanding: 143.79m
  • Website: https://www.nordicmining.com

Number of Employees


Location

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

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
NOMOB (Oslo Bors)YesOrdinary SharesNONOKAug 2006
0GYZLSE (London Stock Exchange)YesOrdinary SharesGBNOKAug 2006
NOMOBATS-CHIXE (BATS 'Chi-X Europe')YesOrdinary SharesGBNOKAug 2006
7NMDB (Deutsche Boerse AG)YesOrdinary SharesDEEURAug 2006

Biography

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 ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/09/15 21:05
End of Day Share Price2019/09/13 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


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.