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Nordic Iron Ore AB
(NIO)
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Rating:47Neutral
Price Target:
kr4.50
▼(-0.88% Downside)
Action:Reiterated
Date:08/27/26
The score is held down primarily by the lack of revenue, ongoing losses, and continued cash burn (negative operating and free cash flow), which dominate financial performance. A low-leverage balance sheet provides some offset by reducing near-term solvency risk. Technical signals are broadly neutral, and valuation remains pressured by negative earnings and no dividend yield data.
Positive Factors
Very low leverage
Minimal leverage limits interest and refinancing pressure while the project remains pre-revenue. This gives Nordic Iron Ore greater financial flexibility to fund permitting and development, although future construction spending could still require external capital.
Negative Factors
No operating revenue
The absence of commercial revenue confirms that the business has not yet reached production and remains dependent on successfully completing development milestones. Until output begins, financial performance cannot demonstrate customer demand, operating scale or recurring cash generation.
Read all positive and negative factors
Positive Factors
Negative Factors
Very low leverage
Minimal leverage limits interest and refinancing pressure while the project remains pre-revenue. This gives Nordic Iron Ore greater financial flexibility to fund permitting and development, although future construction spending could still require external capital.
Read all positive factors
Nordic Iron Ore AB (NIO) vs. iShares MSCI Sweden ETF (EWD)
Market Cap
kr305.62M
Dividend YieldN/A
Average Volume (3M)43.61K
Price to Earnings (P/E)―
Beta (1Y)0.28
Revenue GrowthN/A
EPS Growth16.50%
CountrySE
Employees9
SectorBasic Materials
Sector Strength58
IndustryIndustrial Materials
Share Statistics
EPS (TTM)-0.25
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
64
Positive
Cash Flow
28
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 | -736.00K | -516.00K | -196.00K | -176.00K | -760.00K | -423.00K |
| EBITDA | -16.55M | -20.47M | -12.52M | -11.06M | -8.63M | -7.82M |
| Net Income | -16.81M | -19.48M | -15.20M | -12.93M | -10.47M | -8.84M |
Balance Sheet | ||||||
| Total Assets | 256.99M | 274.06M | 281.90M | 170.51M | 169.95M | 165.77M |
| Cash, Cash Equivalents and Short-Term Investments | 13.78M | 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 | 12.11M | 19.89M | 8.25M | 38.38M | 24.88M | 10.23M |
| Stockholders Equity | 244.88M | 254.17M | 273.64M | 132.13M | 145.07M | 155.54M |
Cash Flow | ||||||
| Free Cash Flow | -26.22M | -69.80M | -12.06M | -8.34M | -13.34M | -12.63M |
| Operating Cash Flow | -18.02M | -10.84M | -11.81M | -8.29M | -8.38M | -9.11M |
| Investing Cash Flow | -45.97M | -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
Negative
4.54
Price Trends
4.51
Negative
4.33
Positive
4.55
Negative
Market Momentum
>-0.01
Positive
49.08
Neutral
50.59
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 4.54 is above the 20-day moving average (MA) of 4.54, above the 50-day MA of 4.51, and below the 200-day MA of 4.55, indicating a bearish trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 49.08 is Neutral, neither overbought nor oversold. The STOCH value of 50.59 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)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
57 Neutral | kr8.65B | -29.25 | -5.17% | ― | ― | -48.34% | |
52 Neutral | kr297.30M | -14.02 | -17.29% | ― | ― | -10.30% | |
49 Neutral | kr584.24M | -10.49 | -4.77% | ― | -8.92% | 91.90% | |
47 Neutral | kr305.62M | -17.49 | -6.89% | ― | ― | 16.50% |
* Basic Materials Sector Average
SE:NIO
Nordic Iron Ore AB
4.33
-0.67
-13.40%
SE:BEGR
BE Group AB
30.00
0.65
2.21%
SE:VISC
Copperstone Resources AB Class B
23.40
10.30
78.64%
SE:ARCT
Arctic Minerals AB
5.75
0.55
10.58%
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.