Nordic Mining ASA, together with its subsidiaries, engages in the exploration, extraction, and production of industrial minerals and metals in Norway and internationally.
+ 1 more risk
Adequate balance sheet with weak fundamentals.
Share Price & News
How has Nordic Mining's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: NOM's share price has been volatile over the past 3 months.
7 Day Return
NO Metals and Mining
1 Year Return
NO Metals and Mining
Return vs Industry: NOM underperformed the Norwegian Metals and Mining industry which returned 14.3% over the past year.
Return vs Market: NOM exceeded the Norwegian Market which returned -8% over the past year.
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
1 day ago | Simply Wall StIs Nordic Mining (OB:NOM) In A Good Position To Invest In Growth?
1 month ago | Simply Wall StHave Insiders Been Buying Nordic Mining ASA (OB:NOM) Shares?
2 months ago | Simply Wall StIs Nordic Mining (OB:NOM) In A Good Position To Invest In Growth?
Is Nordic Mining undervalued compared to its fair value and its price relative to the market?
Price to Book (PB) 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 unprofitable, so we can't compare its PE Ratio to the XE Metals and Mining industry average.
PE vs Market: NOM is unprofitable, so we can't compare its PE Ratio to the Norwegian market.
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 overvalued based on its PB Ratio (2.5x) compared to the XE Metals and Mining industry average (1.2x).
How is Nordic Mining forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
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.
- Examine Nordic Mining's financial health to determine how well-positioned it is against times of financial stress by looking at its level of debt over time and how much cash it has left.
- Nordic Mining competitive advantages and company strategy can generally be found in its financial reports archived here.
- Explore growth companies in the Materials industry.
How has Nordic Mining performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: NOM is currently unprofitable.
Growing Profit Margin: NOM is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: NOM is unprofitable, and losses have increased over the past 5 years at a rate of 4.5% per year.
Accelerating Growth: Unable to compare NOM's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: NOM is unprofitable, making it difficult to compare its past year earnings growth to the Metals and Mining industry (-0.2%).
Return on Equity
High ROE: NOM has a negative Return on Equity (-53.61%), as it is currently unprofitable.
How is Nordic Mining's financial position?
Financial Position Analysis
Short Term Liabilities: NOM's short term assets (NOK73.5M) exceed its short term liabilities (NOK9.1M).
Long Term Liabilities: NOM's short term assets (NOK73.5M) exceed its long term liabilities (NOK585.0K).
Debt to Equity History and Analysis
Debt Level: NOM is debt free.
Reducing Debt: NOM has not had any debt for past 5 years.
Cash Runway Analysis
For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: NOM has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: Insufficient data to determine if NOM has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.
What is Nordic Mining current dividend yield, its reliability and sustainability?
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.
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.
How experienced are the management team and are they aligned to shareholders interests?
Average board tenure
Ivar Fossum (61 yo)
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: Ivar's total compensation ($USD346.82K) is about average for companies of similar size in the Norwegian market ($USD383.07K).
Compensation vs Earnings: Ivar's compensation has increased whilst the company is unprofitable.
|Independent Chairman||1.25yrs||kr210.00k||0.046% |
|Independent Director||3.25yrs||kr210.00k||0.056% |
|Independent Deputy Chairman||1.25yrs||kr123.00k||0.011% |
|Independent Director||1.25yrs||no data||no data|
|Independent Director||1.25yrs||no data||no data|
Experienced Board: NOM's board of directors are not considered experienced ( 1.3 years average tenure), which suggests a new board.
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 37.3%.
Nordic Mining ASA's company bio, employee growth, exchange listings and data sources
- Name: Nordic Mining ASA
- Ticker: NOM
- Exchange: OB
- Founded: 2006
- Industry: Diversified Metals and Mining
- Sector: Materials
- Market Cap: kr454.231m
- Shares outstanding: 197.49m
- Website: https://www.nordicmining.com
Number of Employees
- Nordic Mining ASA
- Vika Atrium
- Entrance A
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|NOM||OB (Oslo Bors)||Yes||Ordinary Shares||NO||NOK||Aug 2006|
|0GYZ||LSE (London Stock Exchange)||Yes||Ordinary Shares||GB||NOK||Aug 2006|
|NOMO||BATS-CHIXE (BATS 'Chi-X Europe')||Yes||Ordinary Shares||GB||NOK||Aug 2006|
|7NM||DB (Deutsche Boerse AG)||Yes||Ordinary Shares||DE||EUR||Aug 2006|
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
|Data||Last Updated (UTC time)|
|Company Analysis||2020/08/06 21:42|
|End of Day Share Price||2020/08/06 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.