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Nidhogg Resources Holding (NIDHOG) fair value: what the stock is really worth

As of Sep 25, 2026: fair value of Nidhogg Resources Holding SEK 0.13, price SEK 0.45, upside -71.7%, quality 36 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.

  1. Fair value above price? No
  2. Good quality? No
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Healthcare · SE

NR Thin data Sep 27, 2026

Nidhogg Resources Holding

NIDHOG · ST

Weakest SetupStrongly overvalued and low quality.

!Fair value kr 0.1275 · Strongly overvalued (−71.7%)
!Quality 36/100
!negative free cash flow
✓Ranks above peers (4/6)
!Narrow moat 23/100
!Evidence only low, so the estimate is less certain

What runs behind every stock

69 individual criteria per stock, every one traceable See the method →

Price vs Fair Value

kr 243.95 kr 0.3710 Fair Value kr 0.1275 Jun 2021 Sep 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 27, 2026.

How to read this chart

60‑month range kr 0.3710 – kr 243.95 · fair‑value band kr 0.0850 – kr 0.1615 · the kr 0.4500 price screens above the kr 0.1275 fair value. Dashed = 300-day average. As of Sep 27, 2026.

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Company profile

Nidhogg Resources Holding AB (publ) operates in the natural resources sector primarily in Sweden. It extracts resources, such as iron, gold, copper, silica, and rare earth elements. The company was founded in 1999 and is headquartered in Jönköping, Sweden.

Stock analysis

Nidhogg Resources Holding (NIDHOG) currently trades at kr 0.4500, while our model-based Fair Value estimate is kr 0.1275, implying the stock looks roughly 253.0% overvalued today.

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Valuation

How firm this estimate is: it rests on 1 models at a data quality of 83/100, which puts the evidence level at low.

Scenario range: kr 0.0850 (bear) to kr 0.1615 (bull), the price of kr 0.4500 sits above it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.

Quality & growth

The Quality Score stands at 36/100 (below-average quality), in the Healthcare sector.

Nidhogg Resources Holding reported revenue of 0 SEK in FY2024 versus 0 SEK in FY2021. Reported net income was −3.1M SEK in FY2024.

Key figures

Market cap 5.2M SEK (≈ $524K) · EPS (TTM) kr −0.0500 · Return on assets (EBIT) −66.3% · Operating margin −136,900% · Revenue (TTM) 1.0K SEK · Free cash flow −4.3M SEK.

Competitive moat

Our AI-assisted moat analysis scores the competitive advantage at 28 out of 100 (medium confidence).

What moves the price

The share trades about 76% below its 52-week high and 21% above its 52-week low, currently below its 200-day average.

For context, the median of 10 Healthcare peers we cover trades at 10% fair-value upside, at −72%, NIDHOG screens richer than that median.

Fair Value models

Bear kr 0.0850 Fair Value kr 0.1275 Bull kr 0.1615
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model. Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds. Evidence ⓘEvidence = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Highest evidence
NCAV (Graham) kr 0.1300 kr 0.1800 kr 0.2600 51
All 1 models by family
Asset-Based
NCAV (Graham) kr 0.1300 kr 0.1800 kr 0.2600 51

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Quality Score breakdown

Overall quality 36/100

Of which business quality 37 · Market factors (momentum, volatility) 8

Profitability 0
Margins and returns on capital today
Quality Growth 25
Are margins and returns improving?
Cashflow 33
Earnings quality: real cash, not paper profit
Fin. Strength 75
Balance sheet, leverage, solvency risk
Investment 100
Disciplined investing over empire-building
Low Volatility 0
Calm price path (market factor)
Momentum 17
Price trend over the last 3–12 months (market factor)
52W Momentum 3
Distance to the 52-week high (market factor)
Net Issuance 0
Share count: buybacks or dilution?

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Revenue & earnings trend

What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: only 3 usable fiscal years, at least 4 required
not computed

NIDHOG screens 253% overvalued. Compare with Vertex Pharmaceuticals Incorporated →

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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Biotechnology · 649 stocks

Beats the industry median on 3/5 measures
Overall it ranks above its industry peers.
Valuation
Quality Score 37 · Below median
Fair Value upside −71.7% · Bottom 25%
Profitability
Return on assets 0.0% · Above median
Growth and dividend
Revenue growth 0.0% · Above median

Valuation Multiplesvs Biotechnology median · lower = cheaper

P/B 0.19× · Cheapest 25%

Context: sector, industry, market

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

Similar stocks

10 more Biotechnology stocks, each showing price versus our Fair Value estimate.

Stock Price Fair Value vs Fair Value
Vertex Pharmaceuticals Incorporated VRTX $526.19 $578.81 +10%
Regeneron Pharmaceuticals, Inc REGN $788.04 $1,275 +62%
argenx SE ARGX $959.49 $918.60 −4%
CSL Limited CSL A$176.95 A$194.65 +10%
Samsung Biologics Co 207940 1,366,000 KRW 1,502,600 KRW +10%
BeOne Medicines AG ONC $360.85 $280.94 −22%
Alnylam Pharmaceuticals, Inc ALNY $255.96 $217.88 −15%
Royalty Pharma plc RPRX $58.21 $19.01 −67%
Celltrion, Inc 068270 177,400 KRW 74,519 KRW −58%
WuXi Biologics (Cayman) Inc 2269 HK$53.00 HK$58.30 +10%

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Cite: Fair Value Calculator (2026). "Nidhogg Resources Holding Fair Value". https://www.fairvalue-calculator.com/stock/NIDHOG

Frequently asked questions

Is Nidhogg Resources Holding (NIDHOG) overvalued or undervalued?
As of Sep 27, 2026, our model estimates a fair value of kr 0.1275 versus a price of kr 0.4500, about −72% upside (overvalued).
What is the fair value of NIDHOG?
Our model-based fair value for Nidhogg Resources Holding is kr 0.1275 (as of Sep 27, 2026), built from audited fundamentals. The current price: kr 0.4500.
What is the quality score of NIDHOG?
Nidhogg Resources Holding has a Quality Score of 36/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for Nidhogg Resources Holding (NIDHOG)?
Our model-based price target is the fair value of kr 0.1275 (as of Sep 27, 2026) from 1 valuation models. Cautious scenario kr 0.0850, optimistic scenario kr 0.1615. It is a calculation from audited fundamentals, not an analyst target.
What is the Nidhogg Resources Holding stock forecast for 2026?
Our models put fair value at kr 0.1275, about −72% upside versus a price of kr 0.4500 (overvalued). Cautious scenario kr 0.0850, optimistic scenario kr 0.1615. The calculation is refreshed regularly with new filings.
What is the revenue of Nidhogg Resources Holding (NIDHOG)?
Nidhogg Resources Holding reported trailing-twelve-month revenue of about 1.0K SEK (latest available figure, as of Sep 27, 2026).
What is the intrinsic value of Nidhogg Resources Holding (NIDHOG)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Nidhogg Resources Holding it is kr 0.1275 per share (as of Sep 27, 2026), against a price of kr 0.4500. It is the blended result of 1 valuation models (cash flow, earnings, asset, dividend).
Is Nidhogg Resources Holding stock overvalued or undervalued in 2026?
As of Sep 27, 2026, NIDHOG trades above its calculated fair value: price kr 0.4500, fair value kr 0.1275, a gap of about −72% (overvalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of NIDHOG?
No. The price is what the market pays today (kr 0.4500); the fair value is what the company's own numbers justify (kr 0.1275). For Nidhogg Resources Holding the two are kr 0.3225 per share apart. That gap is exactly why we show both numbers side by side.
How much is Nidhogg Resources Holding worth?
The market values Nidhogg Resources Holding at about 5.2M SEK (market capitalisation, as of Sep 27, 2026). Per share that is kr 0.4500; our models calculate a fair value of kr 0.1275 per share.
What do the bullish and bearish scenarios say about NIDHOG?
Our models span a range for Nidhogg Resources Holding: cautious scenario kr 0.0850, base kr 0.1275, optimistic kr 0.1615 per share (as of Sep 27, 2026, price kr 0.4500). The range comes from different growth and margin assumptions, not from analyst opinions.
How far is NIDHOG from its 52-week high?
Nidhogg Resources Holding trades at kr 0.4500, about 76% below its 52-week high of kr 1.85 and 21% above the low of kr 0.3710 (as of Sep 25, 2026). Distance from the high says nothing about value: that is what the fair value of kr 0.1275 is for.
Which stocks are comparable to Nidhogg Resources Holding?
From the same area (Healthcare) we also value Vertex Pharmaceuticals Incorporated, Regeneron Pharmaceuticals, Inc, argenx SE, CSL Limited, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Nidhogg Resources Holding stock attractive at the current price?
The data as of Sep 27, 2026: price kr 0.4500, calculated fair value kr 0.1275 (−72%), Quality Score 36/100, from 1 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of NIDHOG calculated?
We run Nidhogg Resources Holding through 1 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of kr 0.1275, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 16.1 % above its aggregate fair value. Nidhogg Resources Holding itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Nidhogg Resources Holding (NIDHOG)?
The closing price on Sep 25, 2026 was kr 0.4500. Our model-based fair value is kr 0.1275, about −72% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Nidhogg Resources Holding right now?
The price sits above even our optimistic bull case (kr 0.1615). The favourable scenario is already priced in. Weak quality (36/100) and above fair value at the same time, the margin of safety is missing on both counts. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution. A fairly wide model range (kr 0.0850 to kr 0.1615) leaves room in how you read the outcome.

Key figures of Nidhogg Resources Holding

How large is the market capitalisation of Nidhogg Resources Holding (NIDHOG)?
The market capitalisation of Nidhogg Resources Holding is 5.2M SEK (≈ $524K). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What are the earnings per share of Nidhogg Resources Holding (NIDHOG)?
Earnings per share at Nidhogg Resources Holding are kr −0.0500. Earnings per share over the last twelve months: total profit spread across every single share.
What is the EBIT return on assets of Nidhogg Resources Holding (NIDHOG)?
On an EBIT basis the return on assets of Nidhogg Resources Holding is −66.3% (avg 3y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Nidhogg Resources Holding (NIDHOG)?
The operating margin of Nidhogg Resources Holding is −136,900% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How much free cash flow does Nidhogg Resources Holding (NIDHOG) generate?
The free cash flow of Nidhogg Resources Holding is −4.3M SEK (fiscal year 2024). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
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