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Nordic Iron Ore AB
F:NIO

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Nordic Iron Ore AB
F:NIO
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Price: 0.353 EUR
Market Cap: €13.1m

EV/EBITDA

-11
Current
43%
Cheaper
vs 3-y average of -19.4

Enterprise Value to EBITDA (EV/EBITDA) ratio compares a company`s total enterprise value to its earnings before interest, taxes, depreciation, and amortization. It shows how much investors are paying for each dollar of the company`s earnings, including both equity and debt.

EV/EBITDA
-11
=
Enterprise Value
€227m
/
EBITDA
kr-20.6m

Enterprise Value to EBITDA (EV/EBITDA) ratio compares a company`s total enterprise value to its earnings before interest, taxes, depreciation, and amortization. It shows how much investors are paying for each dollar of the company`s earnings, including both equity and debt.

EV/EBITDA
-11
=
Enterprise Value
€227m
/
EBITDA
kr-20.6m

Valuation Scenarios

Nordic Iron Ore AB is trading above its industry average

If EV/EBITDA returns to its Industry Average (8.5), the stock would be worth €-0.27 (178% downside from current price).

Statistics
Positive Scenarios
0/2
Maximum Downside
-235%
Maximum Upside
No Upside Scenarios
Average Downside
206%
Scenario EV/EBITDA Value Implied Price Upside/Downside
Current Multiple -11 €0.35
0%
Industry Average 8.5 €-0.27
-178%
Country Average 14.9 €-0.48
-235%

Forward EV/EBITDA
Today’s price vs future ebitda

Not enough data available to calculate forward EV/EBITDA

Peer Comparison

All Multiples
EV/EBITDA
P/E
All Countries
Close
Market Cap EV/EBITDA P/E
SE
Nordic Iron Ore AB
F:NIO
268.3m EUR -11 -13.8
ZA
Kumba Iron Ore Ltd
JSE:KIO
102.4B ZAR 3.5 7
BR
Vale SA
BOVESPA:VALE3
378.8B BRL 5.3 27.5
LU
ArcelorMittal SA
AEX:MT
40.3B EUR 9.4 14.7
AU
Fortescue Metals Group Ltd
ASX:FMG
65.2B AUD 8.1 11.8
US
Nucor Corp
NYSE:NUE
46.3B USD 12.5 27.4
AU
Fortescue Ltd
XMUN:FVJ
39.2B EUR 8.1 12.1
IN
JSW Steel Ltd
NSE:JSWSTEEL
3.1T INR 14.1 41.8
US
Steel Dynamics Inc
NASDAQ:STLD
30.6B USD 17.4 26.9
IN
Tata Steel Ltd
NSE:TATASTEEL
2.6T INR 10.7 28.8
US
Carpenter Technology Corp
NYSE:CRS
22.5B USD 30.4 50.8
EV/EBITDA Multiple
EBITDA Growth EV/EBITDA to Growth
SE
N
Nordic Iron Ore AB
F:NIO
Average EV/EBITDA: 12
Negative Multiple: -11
N/A N/A
ZA
K
Kumba Iron Ore Ltd
JSE:KIO
3.5
5%
0.7
BR
Vale SA
BOVESPA:VALE3
5.3
6%
0.9
LU
ArcelorMittal SA
AEX:MT
9.4
24%
0.4
AU
Fortescue Metals Group Ltd
ASX:FMG
8.1
13%
0.6
US
Nucor Corp
NYSE:NUE
12.5
14%
0.9
AU
F
Fortescue Ltd
XMUN:FVJ
8.1
13%
0.6
IN
JSW Steel Ltd
NSE:JSWSTEEL
14.1
23%
0.6
US
Steel Dynamics Inc
NASDAQ:STLD
17.4
22%
0.8
IN
Tata Steel Ltd
NSE:TATASTEEL
10.7
29%
0.4
US
Carpenter Technology Corp
NYSE:CRS
30.4
20%
1.5
P/E Multiple
Earnings Growth PEG
SE
N
Nordic Iron Ore AB
F:NIO
Average P/E: 24.9
Negative Multiple: -13.8
N/A N/A
ZA
K
Kumba Iron Ore Ltd
JSE:KIO
7
-5%
N/A
BR
Vale SA
BOVESPA:VALE3
27.5
47%
0.6
LU
ArcelorMittal SA
AEX:MT
14.7
18%
0.8
AU
Fortescue Metals Group Ltd
ASX:FMG
11.8
-5%
N/A
US
Nucor Corp
NYSE:NUE
27.4
25%
1.1
AU
F
Fortescue Ltd
XMUN:FVJ
12.1
-5%
N/A
IN
JSW Steel Ltd
NSE:JSWSTEEL
41.8
72%
0.6
US
Steel Dynamics Inc
NASDAQ:STLD
26.9
23%
1.2
IN
Tata Steel Ltd
NSE:TATASTEEL
28.8
82%
0.4
US
Carpenter Technology Corp
NYSE:CRS
50.8
24%
2.1

Market Distribution

Lower than 100% of companies in Sweden
Percentile
0th
Based on 1 230 companies
0th percentile
-0.3
Low
0.2 — 9.4
Typical Range
9.4 — 19.4
High
19.4 —
Distribution Statistics
Sweden
Min 0.2
30th Percentile 9.4
Median 14.9
70th Percentile 19.4
Max 4 325.3

Nordic Iron Ore AB
Glance View

Market Cap
13.1m EUR
Industry
Metals & Mining

Nordic Iron Ore AB engages in the provision of iron ore mining and exploration services. The company is headquartered in Danderyd, Stockholm. The company went IPO on 2018-10-01. The company aims to resume and develop iron ore production at Ludvika Mines in Blotberget and Haksberg. Moreover, the Company aims to expand its mineral resources and upgrade them to iron ore reserves, mostly through prospecting and study of the Vasman-field, connecting the two main mines. Additionally, the Company offers iron ore concentrate, which is also called fines and is used for the production of pellets or sinter.

NIO Intrinsic Value
0.111 EUR
Overvaluation 68%
Intrinsic Value
Price €0.353
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