Nordic Mining ASA (NOM) Fair Value & Analysis
Basic Materials · NO · Market cap 1.3B NOK
Fair value as of: Jul 17, 2026
From 1 valuation models · updated today
Fair value updated Jul 17, 2026, revised from kr 23.57 to kr 5.26 (−77.7%) since Jun 24, 2026. Share price −43.2% over the past month.
Price vs Fair Value (12 months)
12‑month range kr 4.49 – kr 24.10 · fair‑value band kr 3.93 – kr 7.86 · the kr 4.49 price screens below the kr 5.26 fair value. As of Jul 17, 2026.
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Nordic Mining ASA (NOM) currently trades at kr 4.49, while our model-based Fair Value estimate is kr 5.26, implying the stock looks roughly 17.3% undervalued today. We read business quality at 17/100 (below-average quality), in the Basic Materials sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: low), always confirm before acting.
Trailing-twelve-month revenue stands at 9.1M NOK. It earns a return on equity of -50.4%. Net debt stands at 1.2B NOK. Fundamentals as of Jul 17, 2026
Our scenario range runs from kr 3.93 (bear case) to kr 7.86 (bull case); at kr 4.49, the current price sits within that range. For context, the median of 10 Basic Materials peers we cover trades at -36% fair-value upside, at 17%, NOM screens cheaper than that median.
Key figures & financial health
Figures from reported company fundamentals (EODHD) · as of Jul 17, 2026. TTM = trailing twelve months.
About the company
Nordic Mining ASA, together with its subsidiaries, engages in the exploration, extraction, and production of minerals and metals in Norway. The company explores for rutile, almandine garnet, hydrothermal quartz vein, and titanium sponge deposits. Its flagship property is the 100% owned Engebø Rutile and Garnet project located in the Sunnfjord, Vestland, Norway. The company was founded in 2006 and is based in Oslo, Norway.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
Nordic Mining ASA reported revenue of kr 4.8M in FY2025 versus kr 0 in FY2021. Reported net income was −kr 438M in FY2025.
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How we calculate Fair Value
Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.
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Not financial advice · no buy/sell recommendation. Model-based estimates are not certainties; their reliability depends on data quality and assumptions.