Nordic Iron Ore (NIO) fair value: what the stock is really worth
As of Oct 1, 2026: fair value of Nordic Iron Ore SEK 0.33, price SEK 3.73, upside -91.1%, quality 19 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Nordic Iron Ore AB (publ) engages in the exploration, development, and mining of iron ore deposits in Sweden. Its products include ore concentrates, sinters, pellets, and lump ores. The company also explores for apatite, lanthanum, gold, and copper deposits. Its exploitation concessions include Blötbergsgruvan K Nr. 1, Blötbergsgruvan K Nr.
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Nordic Iron Ore AB (publ) engages in the exploration, development, and mining of iron ore deposits in Sweden. Its products include ore concentrates, sinters, pellets, and lump ores. The company also explores for apatite, lanthanum, gold, and copper deposits. Its exploitation concessions include Blötbergsgruvan K Nr. 1, Blötbergsgruvan K Nr. 2, Håksbergsgruvan K Nr. 1, and Södra Väsmanfältet K Nr. 1, as well as exploration permit comprises Ludvikafältet Nr. 1; and Blötberget Nr. 4,5, and 6 located in Ludvika. Nordic Iron Ore AB (publ) was incorporated in 2008 and is headquartered in Ludvika, Sweden.
Stock analysis
Nordic Iron Ore (NIO) currently trades at kr 3.73, while our model-based Fair Value estimate is kr 0.3315, 91.1% below the price, so the stock looks overvalued today.
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Valuation
How firm this estimate is: it rests on 1 models at a data quality of 95/100, which puts the evidence level at low.
Scenario range: kr 0.2210 (bear) to kr 0.4080 (bull), the price of kr 3.73 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 19/100 (below-average quality), in the Basic Materials sector.
Weak Growth: Revenue growth is weak, negative or inconsistent.
Nordic Iron Ore reported revenue of 0 SEK in FY2025 versus 0 SEK in FY2021. Reported net income was −19.5M SEK in FY2025.
Our AI-assisted moat analysis scores the competitive advantage at 42 out of 100 (low confidence).
What moves the price
The share trades about 34% below its 52-week high and 22% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Basic Materials peers we cover trades at 10% fair-value upside, at −91%, NIO screens richer than that median.
Fair Value models
Bear kr 0.2210Fair Value kr 0.3315Bull kr 0.4080
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.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.0/100
Revenue growth is weak, negative or inconsistent.
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: fiscal 2025 is a loss year, no rate is defined from a loss
Price, fair value, quality and upside side by side.
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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.Other Industrial Metals & Mining · 355 stocks
Beats the industry median on 1/6 measures
Overall it trails its industry peers.
Valuation
Quality Score25 · Bottom 25%
Fair Value upside−91.1% · Bottom 25%
Profitability
Return on assets−4.2% · Below median
Operating margin (TTM)−52.2% · Bottom 25%
Growth and dividend
Revenue growth−2.8% · Below median
Valuation Multiplesvs Other Industrial Metals & Mining median · lower = cheaper
P/B0.12× · Cheapest 25%
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 0
FUTURE (revenue growth)0· sector 56
PAST (return on equity)0· sector 0
HEALTH (low debt)100· sector 95
DIVIDEND (yield)0· sector 31
VALUE 0: the price sits above our fair-value range.
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "Nordic Iron Ore Fair Value". https://www.fairvalue-calculator.com/stock/NIO
Frequently asked questions
Is Nordic Iron Ore (NIO) overvalued or undervalued?
As of Sep 27, 2026, our model estimates a fair value of kr 0.3315 versus a price of kr 3.73, about −91% upside (overvalued).
What is the fair value of NIO?
Our model-based fair value for Nordic Iron Ore is kr 0.3315 (as of Sep 27, 2026), built from audited fundamentals. The current price: kr 3.73.
What is the quality score of NIO?
Nordic Iron Ore has a Quality Score of 19/100. 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 Nordic Iron Ore (NIO)?
Our model-based price target is the fair value of kr 0.3315 (as of Sep 27, 2026) from 1 valuation models. Cautious scenario kr 0.2210, optimistic scenario kr 0.4080. It is a calculation from audited fundamentals, not an analyst target.
What is the Nordic Iron Ore stock forecast for 2026?
Our models put fair value at kr 0.3315, about −91% upside versus a price of kr 3.73 (overvalued). Cautious scenario kr 0.2210, optimistic scenario kr 0.4080. The calculation is refreshed regularly with new filings.
What is the intrinsic value of Nordic Iron Ore (NIO)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Nordic Iron Ore it is kr 0.3315 per share (as of Sep 27, 2026), against a price of kr 3.73. It is the blended result of 1 valuation models (cash flow, earnings, asset, dividend).
Is Nordic Iron Ore stock overvalued or undervalued in 2026?
As of Sep 27, 2026, NIO trades above its calculated fair value: price kr 3.73, fair value kr 0.3315, a gap of about −91% (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 NIO?
No. The price is what the market pays today (kr 3.73); the fair value is what the company's own numbers justify (kr 0.3315). For Nordic Iron Ore the two are kr 3.40 per share apart. That gap is exactly why we show both numbers side by side.
How much is Nordic Iron Ore worth?
The market values Nordic Iron Ore at about 295M SEK (market capitalisation, as of Sep 27, 2026). Per share that is kr 3.73; our models calculate a fair value of kr 0.3315 per share.
What do the bullish and bearish scenarios say about NIO?
Our models span a range for Nordic Iron Ore: cautious scenario kr 0.2210, base kr 0.3315, optimistic kr 0.4080 per share (as of Sep 27, 2026, price kr 3.73). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of Nordic Iron Ore (NIO)?
Balance-sheet figures for Nordic Iron Ore (as of Sep 27, 2026): return on equity −6.8%. They feed the Quality Score of 19/100, which measures business quality independently of the share price.
How far is NIO from its 52-week high?
Nordic Iron Ore trades at kr 3.73, about 34% below its 52-week high of kr 5.66 and 22% above the low of kr 3.05 (as of Oct 1, 2026). Distance from the high says nothing about value: that is what the fair value of kr 0.3315 is for.
Which stocks are comparable to Nordic Iron Ore?
From the same area (Basic Materials) we also value Saudi Arabian Mining Company, CMOC Group, Hindustan Zinc Limited, China Tungsten And Hightech Materials Co, 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 Nordic Iron Ore stock attractive at the current price?
The data as of Sep 27, 2026: price kr 3.73, calculated fair value kr 0.3315 (−91%), Quality Score 19/100, 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 NIO calculated?
We run Nordic Iron Ore 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 0.3315, 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 14.5 % above its aggregate fair value. Nordic Iron Ore 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 Nordic Iron Ore (NIO)?
The closing price on Oct 1, 2026 was kr 3.73. Our model-based fair value is kr 0.3315, about −91% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Nordic Iron Ore right now?
The price sits above even our optimistic bull case (kr 0.4080). The favourable scenario is already priced in. Weak quality (19/100) 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 0.2210 to kr 0.4080) leaves room in how you read the outcome.
Key figures of Nordic Iron Ore
How large is the market capitalisation of Nordic Iron Ore (NIO)?
The market capitalisation of Nordic Iron Ore is 295M SEK (≈ $29.3M). 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 Nordic Iron Ore (NIO)?
Earnings per share at Nordic Iron Ore are kr −0.2600. Earnings per share over the last twelve months: total profit spread across every single share.
What is the return on equity of Nordic Iron Ore (NIO)?
The return on equity (ROE) of Nordic Iron Ore is −6.8% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Nordic Iron Ore (NIO)?
On an EBIT basis the return on assets of Nordic Iron Ore is −3.5% (avg 5y). 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 Nordic Iron Ore (NIO)?
The operating margin of Nordic Iron Ore is −52.2% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How much revenue does Nordic Iron Ore (NIO) generate?
Nordic Iron Ore generates revenue of −241K SEK (last twelve months). Revenue of the last twelve months (TTM), the most recent full year, not the calendar year.
How fast is revenue growing at Nordic Iron Ore (NIO)?
Revenue at Nordic Iron Ore is growing −2.8% versus a year earlier. How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How much free cash flow does Nordic Iron Ore (NIO) generate?
The free cash flow of Nordic Iron Ore is −10.8M SEK (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net cash does Nordic Iron Ore (NIO) hold?
Nordic Iron Ore holds more cash than debt, 39.8M SEK net (fiscal year 2025). The company holds more cash than debt, a safety cushion.
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