Nordic Mining ASA (NOM) Fair Value & Analysis
Basic Materials · NO · Market cap 582M NOK (≈ $62.1M) · ISIN NO0013162693
Risks
Fair value as of: Aug 27, 2026
From 1 valuation models · updated 3 days ago
Fair value updated Aug 27, 2026, revised from kr 5.15 to kr 2.04 (−60.4%) since Aug 13, 2026. Share price −68.3% over the past month.
Below-average quality, currently priced close to our fair value.
What runs behind every stock
69 individual criteria per stock, every one traceable See the method →
What matters now
- The price sits close to our fair value, market and models broadly agree here, little valuation tension.
- A fairly wide model range (kr 1.52 to kr 3.04) leaves room in how you read the outcome.
- Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 27, 2026.
How to read this chart
60‑month range kr 1.79 – kr 57.92 · fair‑value band kr 1.52 – kr 3.04 · the kr 1.91 price screens below the kr 2.04 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 27, 2026.
Analysis
Nordic Mining ASA (NOM) currently trades at kr 1.91, while our model-based Fair Value estimate is kr 2.04, implying the stock looks roughly 6.8% fairly valued today. The Quality Score stands at 20/100 (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 Aug 27, 2026
Our scenario range runs from kr 1.52 (bear case) to kr 3.04 (bull case); at kr 1.91, the current price sits within that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. For context, the median of 10 Basic Materials peers we cover trades at -37% fair-value upside, at 7%, NOM screens cheaper than that median.
Fair Value models
Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.
All 1 models by family
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Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Aug 27, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 22 · Market factors (momentum, volatility) 16
Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.
All values are scores from 0 to 100 (100 = best against fixed, research-based bands), not percentages. The three market factors (momentum, 52-week proximity, low volatility) are displayed but carry zero weight in the headline number: market sentiment is not a business property.
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.
Full company description
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.
Company description, as reported by the company or data provider.
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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Peer Group
Other Industrial Metals & Mining · 479 stocks
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.
Valuation Multiples vs Other Industrial Metals & Mining median · lower = cheaper
Snowflake
Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
Similar stocks
10 more Other Industrial Metals & Mining stocks, each showing price versus our Fair Value estimate (as of Aug 27, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| BHP Group BHP | A$66.40 | A$41.87 | -37% |
| Vale S.A VALE | $15.31 | $8.95 | -42% |
| Saudi Arabian Mining Company 1211 | 65.50 SAR | 33.87 SAR | -48% |
| CMOC Group 603993 | ¥18.42 | ¥16.15 | -12% |
| Teck Resources Limited TECK | $69.34 | $32.02 | -54% |
| China Tungsten And Hightech Materials Co 000657 | ¥66.76 | ¥9.55 | -86% |
| Hindustan Zinc Limited HINDZINC | ₹573.00 | ₹508.34 | -11% |
| China Northern Rare Earth (Group) High-Tech Co 600111 | ¥41.02 | ¥10.59 | -74% |
| Western Mining Co 601168 | ¥37.85 | ¥25.99 | -31% |
| Boliden AB BOL | kr 527.80 | kr 461.48 | -13% |
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Frequently asked questions
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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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