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 with questionable track record.

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

0.5%

NOM

1.2%

NO Metals and Mining

1.6%

NO Market


1 Year Return

-10.7%

NOM

-3.5%

NO Metals and Mining

-4.1%

NO Market

Return vs Industry: NOM underperformed the Norwegian Metals and Mining industry which returned -3.5% over the past year.

Return vs Market: NOM underperformed the Norwegian Market which returned -4.1% over the past year.


Shareholder returns

NOMIndustryMarket
7 Day0.5%1.2%1.6%
30 Day31.4%-4.0%-1.8%
90 Day-6.3%-9.0%1.8%
1 Year-8.1%-10.7%3.2%-3.5%0.9%-4.1%
3 Year-54.0%-55.3%26.3%9.2%40.1%21.8%
5 Year-55.4%-58.0%40.1%10.8%59.6%22.9%

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 compared to its fair value and its price relative to the market?

14.13x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate NOM's fair value to establish if it is undervalued.

Significantly Below Fair Value: Insufficient data to calculate NOM's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: NOM is poor value based on its PE Ratio (14.1x) compared to the Metals and Mining industry average (9.1x).

PE vs Market: NOM is poor value based on its PE Ratio (14.1x) compared to the Norwegian market (13.4x).


Price to Earnings Growth Ratio

PEG Ratio: NOM's earnings are forecast to decline next year, so we can't calculate its PEG ratio.


Price to Book Ratio

PB vs Industry: NOM is overvalued based on its PB Ratio (1.8x) compared to the XE Metals and Mining industry average (1x).


Next Steps

Future Growth

How is Nordic Mining forecast 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 Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: NOM's earnings are forecast to decline over the next 3 years (-102% per year).

Earnings vs Market: NOM's earnings are forecast to decline over the next 3 years (-102% per year).

High Growth Earnings: NOM's earnings are forecast to decline over the next 3 years.

Revenue vs Market: Insufficient data to determine if NOM's revenue is forecast to grow faster than the Norwegian market.

High Growth Revenue: Insufficient data to determine if NOM's revenue is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: NOM is forecast to be unprofitable in 3 years.


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

Earnings Trend: NOM has become profitable over the past 5 years, growing earnings by -2.3% 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 (-7.4%).


Return on Equity

High ROE: NOM's Return on Equity (10.9%) is considered low.


Return on Assets

ROA vs Industry: NOM has a higher Return on Assets than the Metals and Mining industry average last year.


Return on Capital Employed

ROCE Improving: NOM is currently unprofitable, so its Return on Capital Employed is negative.


Next Steps

Financial Health

How is Nordic Mining's financial position?


Financial Position Analysis

Short Term Liabilities: NOM's short term assets (NOK44.7M) exceeds its short term liabilities (NOK11.8M)

Long Term Liabilities: NOM's short term assets (44.7M) exceeds its long term liabilities (1.0M)


Debt to Equity History and Analysis

Debt Level: NOM is debt free.

Reducing Debt: NOM had no debt 5 years ago.

Debt Coverage: NOM has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: NOM has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet

Inventory Level: NOM has a low level of unsold assets or inventory.

Debt Coverage by Assets: Insufficient data to determine if NOM's debt is covered by short term assets.


Next Steps

Dividend

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


Dividend Yield vs Market

companyn/amarketbottom25%2.6%markettop25%6.3%industryaverage6.9%forecastin3Years0%

Current dividend yield vs market & industry


Stability and Growth of Payments

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

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

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.


Current Payout to Shareholders

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


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of NOM's dividend in 3 years as they are not forecast to pay a notable one for the Norwegian market.


Next Steps

Management

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

0.4yrs

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

Compensation vs. Market: Insufficient data to establish whether Ivar's total compensation is reasonable compared to companies of similar size in the Norwegian market.

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


Board Age and Tenure

0.4yrs

Average Tenure

57yo

Average Age

Experienced Board: NOM's board of directors are not considered experienced ( 0.4 years average tenure), which suggests a new board.


Insider Trading

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


Recent Insider Transactions

Buykr245,00030 Sep 19
Lars Grøndahl
EntityIndividual
Role
Senior Key Executive
Senior Advisor
Shares175,000
Max Pricekr1.40
Buykr22,90730 Sep 19
Eva Kaijser
EntityIndividual
Role
Member of the Board of Directors
Director
Shares16,362
Max Pricekr1.40
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: 1.2yrs
    • Compensation: kr2.03m
  • Mona Schanche (39yo)

    Vice President of Exploration

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

    Project Manager of Engebø

    • Tenure: 1.2yrs
    • Compensation: kr1.46m

Board Members

  • Kjell Roland (66yo)

    Chairman

    • Tenure: 0.4yrs
    • Compensation: kr200.00k
  • Eva Kaijser (47yo)

    Director

    • Tenure: 2.4yrs
    • Compensation: kr121.00k
  • Mari Thjømøe (57yo)

    Director

    • Tenure: 6.8yrs
    • Compensation: kr200.00k
  • Kjell Sletsjøe

    Deputy Chairman

    • Tenure: 0.4yrs
  • Benedicte Nordang

    Director

    • Tenure: 0.4yrs
  • Anthony Beckmand

    Director

    • Tenure: 0.4yrs

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: kr352.775m
  • Shares outstanding: 168.79m
  • 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 Analysis2019/10/23 20:47
End of Day Share Price2019/10/23 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.