Nordic Mining ASA (NOM) - Net Assets
Based on the latest financial reports, Nordic Mining ASA (NOM) has net assets worth Nkr795.25 Million NOK (≈ $83.68 Million USD) as of June 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (Nkr3.11 Billion ≈ $327.48 Million USD) and total liabilities (Nkr2.32 Billion ≈ $243.79 Million USD). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check strategic asset allocation of Nordic Mining ASA to assess the company's strategic physical and investment asset allocation.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | Nkr795.25 Million |
| % of Total Assets | 25.55% |
| Annual Growth Rate | 31.63% |
| 5-Year Change | 300.08% |
| 10-Year Change | 913.56% |
| Growth Volatility | 72.72 |
Nordic Mining ASA - Net Assets Trend (2013–2025)
This chart illustrates how Nordic Mining ASA's net assets have evolved over time, based on quarterly financial data. For live market cap and overall valuation, see market value of Nordic Mining ASA.
Annual Net Assets for Nordic Mining ASA (2013–2025)
The table below shows the annual net assets of Nordic Mining ASA from 2013 to 2025. Also explore NOM net assets growth trend to track the company's year-over-year net asset growth rate.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | Nkr982.85 Million ≈ $103.42 Million |
-30.43% |
| 2024-12-31 | Nkr1.41 Billion ≈ $148.66 Million |
-7.60% |
| 2023-12-31 | Nkr1.53 Billion ≈ $160.89 Million |
+236.41% |
| 2022-12-31 | Nkr454.49 Million ≈ $47.83 Million |
+85.01% |
| 2021-12-31 | Nkr245.66 Million ≈ $25.85 Million |
+49.53% |
| 2020-12-31 | Nkr164.29 Million ≈ $17.29 Million |
+14.22% |
| 2019-12-31 | Nkr143.83 Million ≈ $15.14 Million |
+60.65% |
| 2018-12-31 | Nkr89.53 Million ≈ $9.42 Million |
+27.61% |
| 2017-12-31 | Nkr70.16 Million ≈ $7.38 Million |
-27.65% |
| 2016-12-31 | Nkr96.97 Million ≈ $10.20 Million |
+124.68% |
| 2015-12-31 | Nkr43.16 Million ≈ $4.54 Million |
+40.13% |
| 2014-12-31 | Nkr30.80 Million ≈ $3.24 Million |
-15.22% |
| 2013-12-31 | Nkr36.33 Million ≈ $3.82 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Nordic Mining ASA's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 38448300000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | Nkr1.30 Billion | 132.36% |
| Other Components | Nkr297.02 Million | 30.22% |
| Total Equity | Nkr982.85 Million | 100.00% |
Nordic Mining ASA Competitors by Market Cap
The table below lists competitors of Nordic Mining ASA ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Mauna Kea Technologies SAS
PA:ALMKT
|
$28.43 Million |
|
Chembond Chemicals Ltd
NSE:CHEMBOND
|
$28.44 Million |
|
Bangkok Sheet Metal Public Company Limited
BK:BM
|
$28.44 Million |
|
KR1 PLC LS -0019
F:K4H
|
$28.44 Million |
|
Amanah Leasing Public Company Limited
BK:AMANAH
|
$28.42 Million |
|
Sangsin Brake
KO:041650
|
$28.41 Million |
|
Senetas Corporation Ltd
AU:SEN
|
$28.39 Million |
|
Dynamic Group Holdings Ltd
AU:DDB
|
$28.36 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Nordic Mining ASA's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 1,412,744,000 to 982,845,000, a change of -429,899,000 (-30.4%).
- Net loss of 437,854,000 reduced equity.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | Nkr-437.85 Million | -44.55% |
| Other Changes | Nkr7.96 Million | +0.81% |
| Total Change | Nkr- | -30.43% |
Book Value vs Market Value Analysis
This analysis compares Nordic Mining ASA's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 0.24x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
- The price-to-book ratio has decreased from 2.19x to 0.24x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2016-12-31 | Nkr0.99 | Nkr2.16 | x |
| 2017-12-31 | Nkr0.67 | Nkr2.16 | x |
| 2018-12-31 | Nkr0.67 | Nkr2.16 | x |
| 2019-12-31 | Nkr0.85 | Nkr2.16 | x |
| 2020-12-31 | Nkr0.83 | Nkr2.16 | x |
| 2021-12-31 | Nkr1.07 | Nkr2.16 | x |
| 2022-12-31 | Nkr1.24 | Nkr2.16 | x |
| 2023-12-31 | Nkr14.10 | Nkr2.16 | x |
| 2024-12-31 | Nkr13.03 | Nkr2.16 | x |
| 2025-12-31 | Nkr9.07 | Nkr2.16 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Nordic Mining ASA utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -44.55%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -9171.64%
- • Asset Turnover: 0.00x
- • Equity Multiplier: 3.36x
- Recent ROE (-44.55%) is below the historical average (-30.48%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2013 | -89.15% | 0.00% | 0.00x | 1.10x | Nkr-36.02 Million |
| 2014 | -75.69% | 0.00% | 0.00x | 1.11x | Nkr-26.46 Million |
| 2015 | -44.19% | 0.00% | 0.00x | 1.08x | Nkr-23.44 Million |
| 2016 | -27.70% | 0.00% | 0.00x | 1.07x | Nkr-36.62 Million |
| 2017 | -50.64% | 0.00% | 0.00x | 1.10x | Nkr-42.55 Million |
| 2018 | -80.77% | 0.00% | 0.00x | 1.11x | Nkr-81.26 Million |
| 2019 | 0.97% | 0.00% | 0.00x | 1.06x | Nkr-12.99 Million |
| 2020 | -20.05% | 0.00% | 0.00x | 1.06x | Nkr-49.36 Million |
| 2021 | 2.19% | 0.00% | 0.00x | 1.04x | Nkr-19.20 Million |
| 2022 | 44.54% | 0.00% | 0.00x | 3.33x | Nkr156.96 Million |
| 2023 | -3.02% | 0.00% | 0.00x | 2.05x | Nkr-199.00 Million |
| 2024 | -8.14% | 0.00% | 0.00x | 2.31x | Nkr-256.29 Million |
| 2025 | -44.55% | -9171.64% | 0.00x | 3.36x | Nkr-536.14 Million |
Industry Comparison
This section compares Nordic Mining ASA's net assets metrics with peer companies in the Other Industrial Metals & Mining industry.
Industry Context
- Industry: Other Industrial Metals & Mining
- Average net assets among peers: $18,597,000
- Average return on equity (ROE) among peers: -51.11%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Nordic Mining ASA (NOM) | Nkr795.25 Million | -89.15% | 2.91x | $28.43 Million |
| Green Minerals AS (GEM) | $18.60 Million | -51.11% | 0.03x | $2.44 Million |
About Nordic Mining ASA
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… Read more