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Nordic Resources Ltd (NNL) fair value: what the stock is really worth

As of Oct 26, 2026: fair value (intrinsic value) of Nordic Resources Ltd stock A$0.02, price A$0.17, upside -89.7%, quality 26 out of 100. Rating: strongly overvalued. 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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Basic Materials · AU · ISIN AU0000221244

NR Nordic Resources Ltd logo Thin data Oct 25, 2026

Nordic Resources Ltd

NNL · AU

Weakest SetupStrongly overvalued and low quality.

Our calculation puts a fair price 90% below what the stock costs today.

Fair value A$0.0170 · Strongly overvalued (−89.7%)
Quality 26/100
Weak Growth (revenue YoY −42.8 %/yr in AUD)
Negative free cash flow
Trails peers (1/7)
Narrow moat 9/100 · thin data
Thin data
⟳ Cyclical⚠ Dilution
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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

A$0.3900 A$0.0480 Fair Value A$0.0170 Jun 2022 Oct 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Oct 25, 2026.

How to read this chart

53‑month range A$0.0480 – A$0.3900 · fair‑value band A$0.0085 – A$0.0255 · the A$0.1650 price screens above the A$0.0170 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Oct 25, 2026.

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Company profile

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.

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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$0.1650, while our model-based Fair Value estimate is A$0.0170, 89.7% 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 88/100, which puts the data coverage at low.

Scenario range: A$0.0085 (bear) to A$0.0255 (bull), the price of A$0.1650 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 26/100 (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$2.8M in FY2026.

Key figures

Market cap A$62.9M (≈ $44.2M) Micro · EPS (TTM) A$−0.0100 · Return on equity −10.7% · Return on assets (EBIT) −9.3% · Free cash flow −A$949K · Net cash A$8.5M.

Competitive moat

Our AI-assisted moat analysis scores the competitive advantage at 9 out of 100 (low confidence).

What moves the price

The share trades about 31% below its 52-week high and 32% 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 −90%, NNL screens richer than that median.

Fair Value models

Bear A$0.0085 Fair Value A$0.0170 Bull A$0.0255
Price A$0.1650 · Upside -89.7%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models. 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. Coverage ⓘCoverage = 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.
Best data coverage
NCAV (Graham) A$0.0100 A$0.0200 A$0.0300 50
All 1 models by family
Asset-Based
NCAV (Graham) A$0.0100 A$0.0200 A$0.0300 50

The fair value above starts from this blend and is adjusted for dilution from new shares.

Open the full fair value analysis →

Quality Score breakdown

Overall quality 26/100

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 15
Are margins and returns getting better?
Cashflow 0
Do the profits arrive as real cash?
Financial strength 97
Debt, balance sheet and risk of trouble
Investment 33
Does it invest with discipline instead of growing at any price?
Low Volatility 21
How calm the share price moves, does not count
Momentum 28
Price trend of the last 3 to 12 months, does not count
Near the 52-week high 22
Distance to the 52-week high, does not count
New shares 0
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 2026 is a loss year, no rate is defined from a loss
not computed

NNL screens overvalued: fair value 90% below the price. Compare with Saudi Arabian Mining Company →

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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 · 384 stocks

Beats the industry median on 1/6 measures
Overall it trails its industry peers.
Valuation
Quality Score 26 · Bottom 25%
Fair Value upside −89.7% · Bottom 25%
Profitability
Return on assets −8.7% · Below median
Operating margin (12 months) 0.0% · Below median
Growth and dividend
Revenue growth (quarter YoY) 0.0% · Below median

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

P/B 1.39× · Cheaper than median

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 ₹236.85 ₹613.43 +159% vs NNL
Zhejiang Huayou Cobalt Co 603799 ¥31.74 ¥54.86 +73% vs NNL
CMOC Group 603993 ¥14.15 ¥19.48 +38% vs NNL
Saudi Arabian Mining Company 1211 52.10 SAR 57.31 SAR +10% vs NNL
Hindustan Zinc Limited HINDZINC ₹496.00 ₹545.60 +10% vs NNL
Western Mining Co 601168 ¥31.67 ¥34.84 +10% vs NNL
Boliden AB BOL kr 508.40 kr 464.45 −9% vs NNL
Korea Zinc Company 010130 913,000 KRW 649,125 KRW −29% vs NNL
Ivanhoe Mines Ltd IVN C$9.16 C$4.44 −52% vs NNL
China Tungsten And Hightech Materials Co 000657 ¥44.00 ¥4.44 −90% vs NNL

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Nordic Resources Ltd · Fair Value
A$0.0170 −90%Fair Value
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Cite: Fair Value Calculator (2026). "Nordic Resources Ltd Fair Value". https://www.fairvalue-calculator.com/stock/NNL.AU

Frequently asked questions

Is Nordic Resources Ltd (NNL) overvalued or undervalued?
As of Oct 25, 2026, our model estimates a fair value of A$0.0170 versus a price of A$0.1650, about −90% upside (overvalued).
What is the fair value of NNL?
Our model-based fair value for Nordic Resources Ltd is A$0.0170 (as of Oct 25, 2026), built from audited fundamentals. The current price: A$0.1650.
What is the quality score of NNL?
Nordic Resources Ltd has a Quality Score of 26/100. 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$0.0170 (as of Oct 25, 2026) from 1 valuation models. Cautious scenario A$0.0085, optimistic scenario A$0.0255. 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$0.0170, about −90% upside versus a price of A$0.1650 (overvalued). Cautious scenario A$0.0085, optimistic scenario A$0.0255. 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$0.0170 per share (as of Oct 25, 2026), against a price of A$0.1650. 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 Oct 25, 2026, NNL trades above its calculated fair value: price A$0.1650, fair value A$0.0170, a gap of about −90% (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$0.1650); the fair value is what the company's own numbers justify (A$0.0170). For Nordic Resources Ltd the two are A$0.1480 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$62.9M (market capitalisation, as of Oct 25, 2026). Per share that is A$0.1650; our models calculate a fair value of A$0.0170 per share.
What do the bullish and bearish scenarios say about NNL?
Our models span a range for Nordic Resources Ltd: cautious scenario A$0.0085, base A$0.0170, optimistic A$0.0255 per share (as of Oct 25, 2026, price A$0.1650). 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 Oct 25, 2026): return on equity −10.7%. They feed the Quality Score of 26/100, which measures business quality independently of the share price.
How far is NNL from its 52-week high?
Nordic Resources Ltd trades at A$0.1650, about 31% below its 52-week high of A$0.2400 and 32% above the low of A$0.1250 (as of Oct 26, 2026). Distance from the high says nothing about value: that is what the fair value of A$0.0170 is for.
Which stocks are comparable to Nordic Resources Ltd?
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 Resources Ltd stock attractive at the current price?
The data as of Oct 25, 2026: price A$0.1650, calculated fair value A$0.0170 (−90%), Quality Score 26/100, 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$0.0170, 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 12.7 % 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 Oct 26, 2026 was A$0.1650. Our model-based fair value is A$0.0170, about −90% 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$0.0255). The favourable scenario is already priced in. Weak quality (26/100) and above fair value at the same time, the margin of safety is missing on both counts. The model range is unusually wide (A$0.0085 to A$0.0255). The outcome hinges heavily on assumptions, so read the point estimate with caution. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution.

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$62.9M (≈ $44.2M). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What are the earnings per share of Nordic Resources Ltd (NNL)?
Earnings per share at Nordic Resources Ltd are A$−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 −10.7% (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 −9.3% (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$949K (fiscal year 2026). 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$8.5M net (fiscal year 2026). The company holds more cash than debt, a safety cushion.
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