Nordic Iron Ore AB (SE:NIO)
:NIO
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Nordic Iron Ore AB
(NIO)
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Rating:43Neutral
Price Target:
kr4.00
▼(-22.78% Downside)
Action:ReiteratedDate:03/02/26
The score is primarily constrained by weak financial performance—minimal revenue, ongoing and widening losses, and continued cash burn. Technical signals are also soft with a negative MACD and price below key moving averages. A strong balance sheet with zero debt provides some support, but it does not offset the lack of profitability and negative cash flow.
Positive Factors
Strong balance sheet, zero debt
A large equity base and zero reported debt materially reduce short-term solvency and refinancing risk. This durable financial strength gives the company optionality to fund permitting, staged project work and near-term capex without immediate reliance on costly external debt markets, preserving runway for development.
Negative Factors
Pre-revenue with widening net losses
No meaningful revenue and expanding net losses signal the company remains pre-commercial. Widening losses erode equity over time and increase the need for external capital. For a development-stage miner this elevates dilution and execution risk until project economics are proven and the company achieves positive operating leverage.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong balance sheet, zero debt
A large equity base and zero reported debt materially reduce short-term solvency and refinancing risk. This durable financial strength gives the company optionality to fund permitting, staged project work and near-term capex without immediate reliance on costly external debt markets, preserving runway for development.
Read all positive factors
Nordic Iron Ore AB (NIO) vs. iShares MSCI Sweden ETF (EWD)
Market Cap
kr265.55M
Dividend YieldN/A
Average Volume (3M)43.61K
Price to Earnings (P/E)―
Beta (1Y)0.16
Revenue GrowthN/A
EPS Growth-9.05%
CountrySE
Employees4
SectorBasic Materials
Sector Strength58
IndustryIndustrial Materials
Share Statistics
EPS (TTM)-0.06
Shares Outstanding67,915,276
10 Day Avg. Volume47,508
30 Day Avg. Volume43,609
Financial Highlights & Ratios
PEG Ratio0.00
Price to Book (P/B)1.45
Price to Sales (P/S)0.00
P/FCF Ratio0.00
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Nordic Iron Ore AB Business Overview & Revenue Model
Company Description
Nordic Iron Ore AB (publ) engages in the exploration, development, and mining of iron-ore deposits in Västerbergslagen, Sweden. Its products include fines, sinter, pellets, and lump ore. The company also explores for apatite, lanthanum, gold, and ...
How the Company Makes Money
Nordic Iron Ore AB generates revenue primarily through the extraction, processing, and sale of iron ore. The company capitalizes on its strategically located iron ore deposits in Sweden, which are rich in high-grade mineral content. Once extracted...
Nordic Iron Ore AB Financial Statement Overview
Summary
Income Statement
12
Very Negative
Balance Sheet
58
Neutral
Cash Flow
24
Negative
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | -516.00K | -196.00K | -176.00K | -760.00K | -423.00K |
| EBITDA | -20.47M | -12.52M | -11.06M | -8.63M | -7.82M |
| Net Income | -19.48M | -15.20M | -12.93M | -10.47M | -8.84M |
Balance Sheet | |||||
| Total Assets | 274.06M | 281.90M | 170.51M | 169.95M | 165.77M |
| Cash, Cash Equivalents and Short-Term Investments | 41.90M | 111.70M | 866.00K | 2.72M | 2.81M |
| Total Debt | 0.00 | 1.84M | 31.91M | 21.74M | 7.56M |
| Total Liabilities | 19.89M | 8.25M | 38.38M | 24.88M | 10.23M |
| Stockholders Equity | 254.17M | 273.64M | 132.13M | 145.07M | 155.54M |
Cash Flow | |||||
| Free Cash Flow | 0.00 | -12.06M | -8.34M | -13.34M | -12.63M |
| Operating Cash Flow | -10.84M | -11.81M | -8.29M | -8.38M | -9.11M |
| Investing Cash Flow | -58.97M | -3.65M | -2.06M | -4.96M | -3.53M |
| Financing Cash Flow | 0.00 | 126.30M | 8.50M | 13.25M | 10.25M |
Nordic Iron Ore AB Technical Analysis
Negative
5.18
Price Trends
4.43
Negative
4.85
Negative
4.58
Negative
Market Momentum
-0.12
Negative
45.85
Neutral
57.06
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SE:NIO, the sentiment is Negative. The current price of 5.18 is above the 20-day moving average (MA) of 4.04, above the 50-day MA of 4.43, and above the 200-day MA of 4.58, indicating a bearish trend. The MACD of -0.12 indicates Negative momentum. The RSI at 45.85 is Neutral, neither overbought nor oversold. The STOCH value of 57.06 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for SE:NIO.
Nordic Iron Ore AB Peers Comparison
UnderperformOutperform
Sector (61)
SE:NIO
Nordic Iron Ore AB
3.91
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-21.17%
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SE:GRANGX
Grangex AB
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Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.