Nordic Resources Ltd (NNL) fair value: what the stock is really worth
We calculate from audited financials what Nordic Resources Ltd is really worth. The fair value tells you whether the price is too high or too low, the quality score (0 to 100) how solid the business behind it is. 26 models, 37 quality factors, updated daily.
Valuation from Jun 24, 2026. With the latest figures (losses, negative cash flow), a fair value can no longer be calculated.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jun 24, 2026.
How to read this chart
52‑month range A$0.0480 – A$0.3900 · fair‑value band A$0.1105 – A$0.1785 · the A$0.1900 price screens above the A$0.1445 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jun 24, 2026.
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Nordic Resources Limited engages in the exploration of mineral properties. It explores for copper, nickel, cobalt, and gold minerals. The company's flagship project is the Kopsa Gold-Copper Project located in Finland. The company was formerly known as Nordic Nickel Limited and changed its name to Nordic Resources Limited in December 2024.
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Nordic Resources Limited engages in the exploration of mineral properties. It explores for copper, nickel, cobalt, and gold minerals. The company's flagship project is the Kopsa Gold-Copper Project located in Finland. The company was formerly known as Nordic Nickel Limited and changed its name to Nordic Resources Limited in December 2024. Nordic Resources Limited was incorporated in 2021 and is based in Perth, Australia.
Stock analysis
Nordic Resources Ltd (NNL) currently trades at A$0.1900, while our model-based Fair Value estimate is A$0.1445, implying the stock looks roughly 31.5% overvalued today.
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Valuation
How firm this estimate is: it rests on 2 models at a data quality of 87/100, which puts the evidence level at low.
Scenario range: A$0.1105 (bear) to A$0.1785 (bull), the price of A$0.1900 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 15/100 (below-average quality), in the Basic Materials sector.
Weak Growth: Revenue growth is weak, negative or inconsistent.
Nordic Resources Ltd reported revenue of A$8.4K in FY2025 versus A$726K in FY2023, a compound −89.3%/yr. Reported net income was −A$1.3M in FY2025.
Key figures
Market cap A$79.2M (≈ $55.7M) · EPS (TTM) A$−0.0100 · Return on equity −11.2% · Return on assets (EBIT) −10.5% · Free cash flow −A$3.1M · Net cash A$1.8M.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 35 out of 100 (low confidence).
What moves the price
The share trades about 30% below its 52-week high and 52% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Basic Materials peers we cover trades at 10% fair-value upside, at −24%, NNL screens richer than that median.
Fair Value models
Bear A$0.1105Fair Value A$0.1445Bull A$0.1785
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.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 · 457 stocks
Beats the industry median on 1/6 measures
Overall it trails its industry peers.
Valuation
Quality Score22 · Bottom 25%
Fair Value upside−28% · Above median
Profitability
Return on assets−7% · Below median
Operating margin (TTM)0% · Below median
Growth and dividend
Revenue growth0% · Below median
Valuation Multiplesvs Other Industrial Metals & Mining median · lower = cheaper
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.
Is Nordic Resources Ltd (NNL) overvalued or undervalued?
As of Jun 24, 2026, our model estimates a fair value of A$0.1445 versus a price of A$0.1900, about −24% upside (overvalued).
What is the fair value of NNL?
Our model-based fair value for Nordic Resources Ltd is A$0.1445 (as of Jun 24, 2026), built from audited fundamentals. The current price: A$0.1900.
What is the quality score of NNL?
Nordic Resources Ltd has a Quality Score of 15/100. 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 Resources Ltd (NNL)?
Our model-based price target is the fair value of A$0.1445 (as of Jun 24, 2026) from 1 valuation models. Cautious scenario A$0.1105, optimistic scenario A$0.1785. It is a calculation from audited fundamentals, not an analyst target.
What is the Nordic Resources Ltd stock forecast for 2026?
Our models put fair value at A$0.1445, about −24% upside versus a price of A$0.1900 (overvalued). Cautious scenario A$0.1105, optimistic scenario A$0.1785. The calculation is refreshed regularly with new filings.
What is the intrinsic value of Nordic Resources Ltd (NNL)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Nordic Resources Ltd it is A$0.1445 per share (as of Jun 24, 2026), against a price of A$0.1900. It is the blended result of 1 valuation models (cash flow, earnings, asset, dividend).
Is Nordic Resources Ltd stock overvalued or undervalued in 2026?
As of Jun 24, 2026, NNL trades above its calculated fair value: price A$0.1900, fair value A$0.1445, a gap of about −24% (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 NNL?
No. The price is what the market pays today (A$0.1900); the fair value is what the company's own numbers justify (A$0.1445). For Nordic Resources Ltd the two are A$0.0455 per share apart. That gap is exactly why we show both numbers side by side.
How much is Nordic Resources Ltd worth?
The market values Nordic Resources Ltd at about A$79.2M (market capitalisation, as of Jun 24, 2026). Per share that is A$0.1900; our models calculate a fair value of A$0.1445 per share.
What do the bullish and bearish scenarios say about NNL?
Our models span a range for Nordic Resources Ltd: cautious scenario A$0.1105, base A$0.1445, optimistic A$0.1785 per share (as of Jun 24, 2026, price A$0.1900). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of Nordic Resources Ltd (NNL)?
Balance-sheet figures for Nordic Resources Ltd (as of Jun 24, 2026): return on equity −11.2%. They feed the Quality Score of 15/100, which measures business quality independently of the share price.
How far is NNL from its 52-week high?
Nordic Resources Ltd trades at A$0.1900, about 30% below its 52-week high of A$0.2700 and 52% above the low of A$0.1250 (as of Sep 24, 2026). Distance from the high says nothing about value: that is what the fair value of A$0.1445 is for.
Which stocks are comparable to Nordic Resources Ltd?
From the same area (Basic Materials) we also value Vale S.A, Saudi Arabian Mining Company, CMOC Group, 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 Resources Ltd stock attractive at the current price?
The data as of Jun 24, 2026: price A$0.1900, calculated fair value A$0.1445 (−24%), Quality Score 15/100, 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 NNL calculated?
We run Nordic Resources Ltd 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 A$0.1445, 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 13.0 % above its aggregate fair value. Nordic Resources Ltd 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 Resources Ltd (NNL)?
The closing price on Sep 24, 2026 was A$0.1900. Our model-based fair value is A$0.1445, about −24% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Nordic Resources Ltd right now?
The price sits above even our optimistic bull case (A$0.1785). The favourable scenario is already priced in. Weak quality (15/100) 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 Resources Ltd
How large is the market capitalisation of Nordic Resources Ltd (NNL)?
The market capitalisation of Nordic Resources Ltd is A$79.2M (≈ $55.7M). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What are the earnings per share of Nordic Resources Ltd (NNL)?
Earnings per share at Nordic Resources Ltd are A$−0.0100. Earnings per share over the last twelve months: total profit spread across every single share.
What is the return on equity of Nordic Resources Ltd (NNL)?
The return on equity (ROE) of Nordic Resources Ltd is −11.2% (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 Resources Ltd (NNL)?
On an EBIT basis the return on assets of Nordic Resources Ltd is −10.5% (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.
How much free cash flow does Nordic Resources Ltd (NNL) generate?
The free cash flow of Nordic Resources Ltd is −A$3.1M (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 Resources Ltd (NNL) hold?
Nordic Resources Ltd holds more cash than debt, A$1.8M net (fiscal year 2025). The company holds more cash than debt, a safety cushion.
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