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Nordic Iron Ore AB
(NIO)
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Rating:52Neutral
Price Target:
kr4.50
▼(-13.13% Downside)
Action:Reiterated
Date:07/10/26
The score is primarily held back by weak financial performance (no revenue, ongoing losses, and persistent negative operating/free cash flow), which implies continued funding/dilution risk. Technicals provide some support with moderately positive near-term momentum and neutral RSI/stochastic readings, while valuation remains unattractive/unclear due to a negative P/E and no dividend yield data.
Positive Factors
Low leverage
Extremely low debt versus a large equity base provides durable financial flexibility for a pre-revenue miner. Minimal leverage reduces near-term refinancing risk during multi-year permitting and construction phases, allowing the company to pursue project milestones with lower insolvency risk.
Negative Factors
Pre-revenue with widening losses
The company remains pre-revenue and losses have increased, which steadily erodes shareholder value without clear near-term cash inflows. Persistent negative profitability increases dependence on external financing and makes achieving sustainable margins contingent on successful project execution and ramp-up.
Read all positive and negative factors
Positive Factors
Negative Factors
Low leverage
Extremely low debt versus a large equity base provides durable financial flexibility for a pre-revenue miner. Minimal leverage reduces near-term refinancing risk during multi-year permitting and construction phases, allowing the company to pursue project milestones with lower insolvency risk.
Read all positive factors
Nordic Iron Ore AB (NIO) vs. iShares MSCI Sweden ETF (EWD)
Market Cap
kr306.30M
Dividend YieldN/A
Average Volume (3M)43.61K
Price to Earnings (P/E)―
Beta (1Y)0.25
Revenue GrowthN/A
EPS Growth17.12%
CountrySE
Employees4
SectorBasic Materials
Sector Strength58
IndustryIndustrial Materials
Share Statistics
EPS (TTM)-0.26
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 Ratio-5.27
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) primarily focuses on the exploration, development, and extraction of iron ore within Sweden's Västerbergslagen region. Its product portfolio includes various iron ore forms such as fines, sinter, pellets, and lump ore. Be...
How the Company Makes Money
NIO’s intended revenue model is to generate income from the sale of iron ore products (such as iron ore concentrate) produced from its mineral deposits once mining and processing operations are developed and commissioned. Prior to production, the ...
Nordic Iron Ore AB Financial Statement Overview
Summary
Income Statement
12
Very Negative
Balance Sheet
74
Positive
Cash Flow
18
Very Negative
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | -625.00K | -516.00K | -196.00K | -176.00K | -760.00K | -423.00K |
| EBITDA | -17.45M | -20.47M | -12.52M | -11.06M | -8.63M | -7.82M |
| Net Income | -17.65M | -19.48M | -15.20M | -12.93M | -10.47M | -8.84M |
Balance Sheet | ||||||
| Total Assets | 261.02M | 274.06M | 281.90M | 170.51M | 169.95M | 165.77M |
| Cash, Cash Equivalents and Short-Term Investments | 22.18M | 41.90M | 111.70M | 866.00K | 2.72M | 2.81M |
| Total Debt | 1.56M | 2.09M | 1.84M | 31.91M | 21.74M | 7.56M |
| Total Liabilities | 11.12M | 19.89M | 8.25M | 38.38M | 24.88M | 10.23M |
| Stockholders Equity | 249.90M | 254.17M | 273.64M | 132.13M | 145.07M | 155.54M |
Cash Flow | ||||||
| Free Cash Flow | -29.96M | -69.80M | -12.06M | -8.34M | -13.34M | -12.63M |
| Operating Cash Flow | -21.76M | -10.84M | -11.81M | -8.29M | -8.38M | -9.11M |
| Investing Cash Flow | -59.23M | -58.97M | -3.65M | -2.06M | -4.96M | -3.53M |
| Financing Cash Flow | 0.00 | 0.00 | 126.30M | 8.50M | 13.25M | 10.25M |
Nordic Iron Ore AB Technical Analysis
Positive
5.18
Price Trends
4.25
Positive
4.17
Positive
4.63
Negative
Market Momentum
0.11
Negative
54.20
Neutral
26.17
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SE:NIO, the sentiment is Positive. The current price of 5.18 is above the 20-day moving average (MA) of 4.34, above the 50-day MA of 4.25, and above the 200-day MA of 4.63, indicating a neutral trend. The MACD of 0.11 indicates Negative momentum. The RSI at 54.20 is Neutral, neither overbought nor oversold. The STOCH value of 26.17 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for SE:NIO.
Nordic Iron Ore AB Peers Comparison
UnderperformOutperform
Sector (61)
SE:NIO
Nordic Iron Ore AB
4.51
1.21
36.67%
DE:BGA1
BE Group AB
2.37
-0.81
-25.38%
DE:5KP
Copperstone Resources AB Class B
1.40
0.22
18.61%
DE:NC4
Nexam Chemical Holding AB
0.24
-0.06
-20.20%
DE:9QY0
Arctic Minerals AB
0.43
-0.05
-11.46%
SE:GRANGX
Grangex AB
41.10
16.55
67.41%
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.