EN DE
Watch Nordic Iron Ore for free: we tell you when fair value or trend changes.
Data-driven stock valuation

Nordic Iron Ore (NIO) fair value: what the stock is really worth

As of Nov 10, 2026: fair value (intrinsic value) of Nordic Iron Ore stock SEK 2.09, price SEK 2.73, that is 23.4% below the price, quality 31 out of 100. Rating: overvalued. The value is an estimate: none of our valuation models currently carries, it draws on revenue and assets compared with similar companies. Updated daily.

  1. Keep an eye on it?Free in your watchlist: 5 stocks without an account, 10 with one Yes, for free

Basic Materials SE · ISIN SE0011528017

NI Nordic Iron Ore logo Thin data Nov 10, 2026

Nordic Iron Ore

NIO · ST
Expensive, weak quality

Our calculation puts a fair price 23% below what the stock costs today.

Low debt
Mixed vs. peers (4/10)
Fair value kr 2.09 · Overvalued
Quality 31/100
Weak Growth
Loss-making · -122.5% net margin (TTM)
Negative free cash flow
Narrow moat 12/100 · thin data
Thin data
⟳ CyclicalEstimate
Watch Nordic Iron Ore for free: we tell you when fair value or trend changes. Watch for free

What runs behind every stock

26 valuation models 8 families, DCF to NCAV 37 quality factors margins, balance sheet, cashflow, debt 6 AI factors moat, what no ratio measures 2,000+ data points verified, per stock, median

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

Price vs Fair Value

kr 13.90 kr 1.90 Fair Value kr 2.09 Aug 2021 Nov 2026

White line = price, green steps = our fair value per fiscal year. As of Nov 10, 2026.

How to read this chart

60‑month range kr 1.90 – kr 13.90 · fair‑value band kr 1.57 – kr 2.62 · the kr 2.73 price screens above the kr 2.09 fair value. As of Nov 10, 2026.

Follow Nordic Iron Ore in your weekly email

Every Wednesday you see whether Nordic Iron Ore is on track or worth a review, plus price against fair value. Free, up to 3 stocks.

We send you a confirmation link. Unsubscribe with one click.

Which stocks are undervalued right now? Check free Discover now →

Company profile

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.

Show moreShow less

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 2.73, while our estimate is kr 2.09, 23% below the price, so the stock looks overvalued today.

Show more

Valuation

None of our valuation models currently carries for this company, usually because of losses or heavy investment. The estimate draws on revenue and assets compared with similar companies and is less precise than a model-based fair value.

Scenario range: kr 1.57 (bear) to kr 2.62 (bull), the price of kr 2.73 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 31/100 (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.

Key figures

Market cap 206M SEK (≈ $20.9M) Micro · P/S ratio 15.1 · EPS (TTM) kr −0.2500 · Net margin −123% · Return on equity −6.6% · Return on assets (EBIT) −3.5% (5-year average) · Operating margin −91.4% · Revenue (TTM) 13.7M SEK.

Competitive moat

Our AI-assisted moat analysis scores the competitive advantage at 12 out of 100 (low confidence).

What moves the price

The share trades about 52% below its 52-week high and 44% 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 −23%, NIO screens richer than that median.

Fair Value

Bear kr 1.57 Fair Value kr 2.09 Bull kr 2.62
Price kr 2.73 · Downside -23.4%
Estimate. None of our valuation models currently carries for this company, usually because of losses or heavy investment. The estimate draws on revenue and assets compared with similar companies and is less precise than a model-based fair value.

Quality Score breakdown

Overall quality 31/100

It rates the business: profits, how they develop, real cash, balance sheet, investing and share count.

Profitability 0
How much profit the company makes from its sales and capital
Quality Growth 41
Are margins and returns getting better?
Cashflow 4
Do the profits arrive as real cash?
Financial strength 88
Debt, balance sheet and risk of trouble
Investment 7
Does it invest with discipline instead of growing at any price?
Low Volatility 49
How calm the share price moves, does not count
Price momentum 2
Price momentum of the last 3 to 12 months, does not count
Near the 52-week high 11
Distance to the 52-week high, does not count
New shares 40
Buys back shares or issues new ones?

Open the full quality analysis →

Revenue & earnings trend

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
not computed

NIO screens overvalued: fair value 23% below the price. Compare with BHP Group →

Compare Nordic Iron Ore with another stock

Price, fair value, quality and upside side by side.

Free, no sign-up

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 · 577 stocks

Beats the industry median on 2/8 measures
Overall it trails its industry peers.
Valuation
Quality Score 31 · Below median
Fair Value upside −23.4% · Below median
Profitability
Return on assets −7.1% · Above median
Net margin (12 months) −122.5% · Bottom 25%
Operating margin (12 months) −91.4% · Bottom 25%
Growth and dividend
Revenue growth (quarter YoY) −2.8% · Below median

Valuation Multiplesvs Other Industrial Metals & Mining median · lower = cheaper

P/B 0.81× · Cheapest 25%
P/S (12 months) 15.05× · Pricier than median

Strength profile in five axes (Snowflake)

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE (fair-value potential)2 · sector 4
FUTURE (revenue growth)0 · sector 45
PAST (return on equity)0 · sector 0
HEALTH (low debt)100 · sector 96
DIVIDEND (yield)0 · sector 33

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 Other Industrial Metals & Mining stocks, each showing price versus our Fair Value estimate.

Stock Price Fair Value vs Fair Value Compare
Vedanta Limited VEDL ₹262.00 ₹334.17 +28% vs NIO
Saudi Arabian Mining Company 1211 57.00 SAR 64.24 SAR +13% vs NIO
Western Mining Co 601168 ¥28.25 ¥30.98 +10% vs NIO
Hindustan Zinc Limited HINDZINC ₹575.95 ₹624.91 +9% vs NIO
Boliden AB BOL kr 515.20 kr 464.45 −10% vs NIO
BHP Group BHP A$60.39 A$47.47 −21% vs NIO
Zhejiang Huayou Cobalt Co 603799 ¥32.69 ¥25.57 −22% vs NIO
Korea Zinc Company 010130 967,000 KRW 649,125 KRW −33% vs NIO
CMOC Group 603993 ¥13.71 ¥6.82 −50% vs NIO
China Tungsten And Hightech Materials Co 000657 ¥40.90 ¥4.44 −89% vs NIO

Explore undervalued stocks

More undervalued Basic Materials stocks →

All undervalued stocks TechnologyFinancial ServicesHealthcareConsumer CyclicalConsumer DefensiveCommunication ServicesIndustrialsEnergyBasic MaterialsReal EstateUtilities Deeply Undervalued StocksUndervalued High-Quality StocksUndervalued Blue-Chip StocksUndervalued Small-Cap StocksUndervalued Dividend StocksUndervalued 52-Week Low StocksStocks for 2027: Large Companies Below Fair Value

Try a ready-made strategy

Pick a strategy and jump into the live analysis with that exact screen applied.

🥇 Backtested Best 🏆 Big Names 💎 Quality on Sale 🚀 Profitable Growth 🧊 Quality Compounders 💵 Dividend Stars 📈 Strong Momentum 📉 Fallen Angels ⚖️ Deeply Undervalued 🔍 Small-Cap Gems 🏰 Moat at a Fair Price 💼 Insider Buying 🎩 Buffett-Style Quality 📚 Peter Lynch GARP 🧮 Greenblatt Magic Formula 🛡️ Graham Defensive

Discover tools

Stock screenerFilter by region, size and sector Compare toolTwo stocks side by side Extrinsic Value Calculator…Free calculator Peter Lynch Fair Value Formula &…Free calculator
Run the numbers yourself: free valuation calculators
DCF CalculatorP/E Ratio CalculatorPEG Ratio CalculatorGraham NumberPeter Lynch FormulaDDM CalculatorIntrinsic ValueIntrinsic vs Extrinsic ValueP/E Ratio by Sector
For bloggers & editors: embed code + live data

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.

Nordic Iron Ore: fair value per Fair Value Calculator

Cite: Fair Value Calculator (2026). "Nordic Iron Ore Fair Value". https://www.fairvalue-calculator.com/stock/NIO.ST

Frequently asked questions

Is Nordic Iron Ore (NIO) overvalued or undervalued?
As of Nov 10, 2026, our estimate of fair value is kr 2.09 versus a price of kr 2.73, about 23% lower (overvalued).
What is the fair value of NIO?
Our estimate for Nordic Iron Ore is kr 2.09 (as of Nov 10, 2026), built from audited fundamentals. The current price: kr 2.73.
What is the quality score of NIO?
Nordic Iron Ore has a Quality Score of 31/100. 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 calculated price target is the estimate of kr 2.09 (as of Nov 10, 2026). Cautious scenario kr 1.57, optimistic scenario kr 2.62. It is an estimate from revenue and assets compared with similar companies, because none of our valuation models currently carries, not an analyst target.
What is the Nordic Iron Ore stock forecast for 2026?
Our estimate puts fair value at kr 2.09, about 23% lower versus a price of kr 2.73 (overvalued). Cautious scenario kr 1.57, optimistic scenario kr 2.62. The calculation is refreshed regularly with new filings.
What is the revenue of Nordic Iron Ore (NIO)?
Nordic Iron Ore reported trailing-twelve-month revenue of about 13.7M SEK (latest available figure, as of Nov 10, 2026).
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 2.09 per share (as of Nov 10, 2026), against a price of kr 2.73.
Is Nordic Iron Ore stock overvalued or undervalued in 2026?
As of Nov 10, 2026, NIO trades above its calculated fair value: price kr 2.73, fair value kr 2.09, a gap of about −23% (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 2.73); the fair value is what the company's own numbers justify (kr 2.09). For Nordic Iron Ore the two are kr 0.6400 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 206M SEK (market capitalisation, as of Nov 10, 2026). Per share that is kr 2.73; our models calculate a fair value of kr 2.09 per share.
What do the bullish and bearish scenarios say about NIO?
Our models span a range for Nordic Iron Ore: cautious scenario kr 1.57, base kr 2.09, optimistic kr 2.62 per share (as of Nov 10, 2026, price kr 2.73). 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 Nov 10, 2026): return on equity −6.6%. They feed the Quality Score of 31/100, which measures business quality independently of the share price.
How far is NIO from its 52-week high?
Nordic Iron Ore trades at kr 2.73, about 52% below its 52-week high of kr 5.66 and 44% above the low of kr 1.90 (as of Nov 10, 2026). Distance from the high says nothing about value: that is what the fair value of kr 2.09 is for.
Which stocks are comparable to Nordic Iron Ore?
From the same area (Basic Materials) we also value BHP Group, Saudi Arabian Mining Company, CMOC Group, Hindustan Zinc 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 Nordic Iron Ore stock attractive at the current price?
The data as of Nov 10, 2026: price kr 2.73, calculated fair value kr 2.09 (−23%), Quality Score 31/100. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
Is it still worth investing in stocks now?
The global stock market currently sits 15.1% 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 Nov 10, 2026 was kr 2.73. Our estimate is kr 2.09, about 23% lower (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 2.62). The favourable scenario is already priced in. Weak quality (31/100) and above fair value at the same time, the margin of safety is missing on both counts. Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual.

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 206M SEK (≈ $20.9M). 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 is the P/S ratio of Nordic Iron Ore (NIO)?
The price-to-sales ratio of Nordic Iron Ore is 15.1 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Nordic Iron Ore (NIO)?
Earnings per share at Nordic Iron Ore are kr −0.2500. Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Nordic Iron Ore (NIO)?
The net margin of Nordic Iron Ore is −123% (last twelve months). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Nordic Iron Ore (NIO)?
The return on equity (ROE) of Nordic Iron Ore is −6.6% (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 −91.4% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
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.
Free · no account needed

Watch Nordic Iron Ore in the live analysis

One click puts Nordic Iron Ore on your watchlist: fair value and trend at a glance, plus comparison, the diversification check and the 27,000+ stock screener.

Watch for free →

Zero risk: nothing is ever charged. Your watchlist is yours, with or without an account.