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 Analysis

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

Stable Share Price: NOM's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

1.3%

NOM

2.4%

NO Metals and Mining

6.4%

NO Market


1 Year Return

-38.0%

NOM

-27.6%

NO Metals and Mining

-25.4%

NO Market

Return vs Industry: NOM underperformed the Norwegian Metals and Mining industry which returned -28.7% over the past year.

Return vs Market: NOM underperformed the Norwegian Market which returned -27.6% over the past year.


Shareholder returns

NOMIndustryMarket
7 Day1.3%2.4%6.4%
30 Day-13.7%-12.1%-15.2%
90 Day-25.0%-24.0%-25.0%
1 Year-36.5%-38.0%-22.7%-27.6%-21.4%-25.4%
3 Year-53.6%-54.9%-10.2%-22.4%1.1%-11.7%
5 Year-68.4%-70.3%16.3%-8.0%15.0%-10.7%

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?

160.5x

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 (160.5x) compared to the Metals and Mining industry average (6.8x).

PE vs Market: NOM is poor value based on its PE Ratio (160.5x) compared to the Norwegian market (9.7x).


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 (1.9x) compared to the XE Metals and Mining industry average (0.7x).


Next Steps

Future Growth

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

10.6%

Forecasted Materials industry annual growth in earnings


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: Insufficient data to determine if NOM's forecast earnings growth is above the savings rate (0.7%).

Earnings vs Market: Insufficient data to determine if NOM's earnings are forecast to grow faster than the Norwegian market

High Growth Earnings: Insufficient data to determine if earnings are expected to grow significantly 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?

8.3%

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 8.3% 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 (-11.9%).


Return on Equity

High ROE: NOM's Return on Equity (1%) is considered low.


Next Steps

Financial Health

How is Nordic Mining's financial position?


Financial Position Analysis

Short Term Liabilities: NOM's short term assets (NOK34.7M) exceed its short term liabilities (NOK7.6M).

Long Term Liabilities: NOM's short term assets (NOK34.7M) exceed its long term liabilities (NOK700.0K).


Debt to Equity History and Analysis

Debt Level: NOM is debt free.

Reducing Debt: NOM has not had any debt for past 5 years.


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.


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 is profitable, therefore cash runway is not a concern.

Forecast Cash Runway: NOM is profitable, therefore cash runway is not a concern.


Next Steps

Dividend

What is Nordic Mining's 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 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.


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.


Next Steps

Management

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

0.8yrs

Average board tenure


CEO

Ivar Fossum (60yo)

no data

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: Ivar's total compensation ($USD261.20K) is below average for companies of similar size in the Norwegian market ($USD388.62K).

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


Board Members

NamePositionTenureCompensationOwnership
Kjell Roland
Chairman0.83yrkr200.00k0.038% NOK120.4k
Eva Kaijser
Director2.83yrskr121.00k0.056% NOK177.3k
Kjell Sletsjøe
Deputy Chairman0.83yrno data0.0091% NOK28.8k
Benedicte Nordang
Director0.83yrno datano data
Anthony Beckmand
Director0.83yrno data0.0036% NOK11.5k

0.8yrs

Average Tenure

Experienced Board: NOM's board of directors are not considered experienced ( 0.8 years average tenure), which suggests a new board.


Ownership

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

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 21.9%.


Top Shareholders

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: kr316.974m
  • Shares outstanding: 197.49m
  • 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 rutile, garnet, quartz, lithium/lithium carbonate, nickel, copper, cobalt, platinum, palladium, and gold deposits, as well as seabed massive sulfides and other seabed mineral deposits. Its flagship project is the Engebø project located in the Naustdal municipality in Norway. Nordic Mining ASA was founded in 2006 and is based in Oslo, Norway. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/03/31 21:03
End of Day Share Price2020/03/31 00:00
Earnings2019/12/31
Annual Earnings2019/12/31


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.