Nordic Iron Ore AB (publ)

NIO.ST

Industrial Materials · Basic Materials

Price

kr 4.28

-0.09 (-2.06%)

Market Cap

kr 290.7M

Exchange

Stockholm Stock Exchange

Winston Score

–

No score yet — Winston is napping.

We couldn’t gather enough financial data to score this stock reliably.

Track this stock — start free trial

Share count rising — dilution

+97.5% over 4y

The company has issued more shares over this period, which dilutes each existing shareholder’s stake.

Diluted shares outstanding: 34.4M (2021) → 67.9M (2025)

Winston Score History

The full picture

Nordic Iron Ore is a Swedish mining company that wants to reopen old iron ore mines in the Bergslagen region of central Sweden. The company's main plan is to extract iron ore and sell it to steel producers in Europe. It does not yet have an operating mine, so it is still in the development and permitting stage.

The company has not generated any revenue yet, which explains the zero margins and negative returns on capital. It is listed on the Stockholm stock exchange and has a small market value of around $0.3 billion. The biggest risk the company faces is the long and uncertain path from exploration and permitting to actually producing and selling iron ore, which requires significant capital, regulatory approvals, and sustained iron ore prices high enough to make the project financially worthwhile.

Growth Profile

For growth stock investors

When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.

Revenue Growth

Revenue data limited

EPS Growth

+30.0% YoY

YoY Growth Rate

EPS growth accelerating

R&D Spend

kr 0/ year

Research and development spending

Insider Activity

67.3%ownership

→ Flat

Insider ownership roughly steady over the past year

Cash Runway

~3 months

kr 22M cash & investments

Quarterly Free Cash Flow

↓ Burn rate worsening

Short runway — potential dilution ahead through share issuance

Cash watch

Nordic Iron Ore AB (publ) has less than a year of cash at its current burn rate. Growth investors should watch for potential share dilution from future fundraising — that directly reduces your ownership.

The Winston Score above measures business quality today. Growth stocks often score lower because they invest in the future rather than maximising current profits. These metrics show what matters most for evaluating that future.

Score breakdown

Every number that matters to educated investors.

Each metric is explained in plain language so you know exactly what you're looking at. Start your free trial now.

Quality

Profit per sale

Gross Margin

N/A

—

Data not available

Profit after running costs

Operating Margin

N/A

—

Data not available

Return on the money invested

ROCE

-7.5%

Weak — -7.5% return on capital

Negative ROIC means the business is losing money on every dollar invested in it.

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Growth

Sales growth

Sales YoY

N/A

—

Data not available

Profit growth

EPS YoY

N/A

—

Data not available

How steady the profit is

EPS Consistency

4/8 quarters

Earnings inconsistent quarter-to-quarter

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Cash Flow

Profit that turns into cash

Cash Conversion

N/A

—

Data not available

Spare cash per sale

FCF Margin

N/A

—

Data not available

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Stability

What it owes vs what it owns

Debt / Equity

N/A

Data not available

Covers its interest

Interest Cover

N/A

Data not available

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Valuation

Price vs profit

P/E Ratio (TTM)

N/M

—

Negative earnings — P/E not meaningful

Cheaper or dearer next year

P/E vs Forward

N/A

not available

Data not available

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Dividends

Not applicable for this business.

🔒 See full fundamentals and if they are improving or declining — click here for your free trial now.

Start free trial