Nordic Mining Asa Stock Return On Equity
| NOM Stock | NOK 25.39 0.10 0.39% |
Nordic Mining ASA fundamentals help investors to digest information that contributes to Nordic Mining's financial success or failures. It also enables traders to predict the movement of Nordic Stock. The fundamental analysis module provides a way to measure Nordic Mining's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Nordic Mining stock.
Nordic |
Nordic Mining ASA Company Return On Equity Analysis
Nordic Mining's Return on Equity or ROE tells company stockholders how effectually their money is being utilized or reinvested. It is a useful ratio when analyzing company profitability or the management effectiveness given the capital invested by the shareholders. ROE shows how efficiently a company utilizes investments to generate income.
Current Nordic Mining Return On Equity | 0.58 |
Most of Nordic Mining's fundamental indicators, such as Return On Equity, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Nordic Mining ASA is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
For most industries, Return on Equity between 10% and 30% are considered desirable to provide dividends to owners and have funds for the future growth of the company. Investors should be very careful using ROE as the only efficiency indicator because ROE can be high if a company is heavily leveraged.
| Competition |
Based on the latest financial disclosure, Nordic Mining ASA has a Return On Equity of 0.5782. This is 36.46% lower than that of the Basic Materials sector and 20.46% higher than that of the Industrial Metals & Minerals industry. The return on equity for all Norway stocks is notably lower than that of the firm.
Nordic Return On Equity Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Nordic Mining's direct or indirect competition against its Return On Equity to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Nordic Mining could also be used in its relative valuation, which is a method of valuing Nordic Mining by comparing valuation metrics of similar companies.Nordic Mining is currently under evaluation in return on equity category among its peers.
Nordic Fundamentals
| Return On Equity | 0.58 | |||
| Return On Asset | -0.0324 | |||
| Current Valuation | 79.29 M | |||
| Shares Outstanding | 232.32 M | |||
| Shares Owned By Insiders | 14.56 % | |||
| Price To Earning | 11.17 X | |||
| Price To Book | 0.93 X | |||
| Price To Sales | 4,907 X | |||
| EBITDA | 5.54 M | |||
| Net Income | 5.37 M | |||
| Cash And Equivalents | 32.09 M | |||
| Cash Per Share | 0.27 X | |||
| Total Debt | 113 K | |||
| Debt To Equity | 0.10 % | |||
| Current Ratio | 3.93 X | |||
| Book Value Per Share | 1.96 X | |||
| Cash Flow From Operations | (59.97 M) | |||
| Earnings Per Share | 0.80 X | |||
| Target Price | 5.44 | |||
| Beta | 1.17 | |||
| Market Capitalization | 513.42 M | |||
| Total Asset | 255.29 M | |||
| Retained Earnings | (277 M) | |||
| Working Capital | 11 M | |||
| Current Asset | 19 M | |||
| Current Liabilities | 8 M | |||
| Net Asset | 255.29 M |
About Nordic Mining Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Nordic Mining ASA's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Nordic Mining using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Nordic Mining ASA based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
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Nordic Mining financial ratios help investors to determine whether Nordic Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Nordic with respect to the benefits of owning Nordic Mining security.