Doric Nimrod Air Three Limited (DNA3.L)

Doric Nimrod Air Three Limited (DNA3.L) — VMCI valuation read

Doric Nimrod Air Three Limited sits at VMCI 66/100, with the Industrials sector median at 50. That 16-point spread is the first thing to note on DNA3.L: it tells the reader the composite is favorable before any single ratio is examined, and the mid-cap tier sets the comparison set.

Form 4 disclosures on DNA3.L are blank for the trailing 30 days. With the insider channel offline, the EV/EBITDA delta, free-cash-flow trajectory, and the next earnings print do the talking.

**Investor frame.** The Value read on DNA3.L: DNA3.L trades at 24.0x earnings, 33% above the Industrials median of 18.0x, with EV/EBITDA at 13.0x against 12.0x. The Quality read: ROIC of 8.0% trails the Industrials median (10.0%) by 2.0pp. The Risk read: net debt to EBITDA of 2.1x is the rate-sensitivity line to watch, anchoring the bear scenario on a measurable balance-sheet metric.

DNA3.L fell 2.8% over the trailing 7 days, with a -23.1% read on a 30-day basis.