Magnora (OB:MGN) - Stock Price, News & Analysis

MGN Stock Overview

Operates as a renewable energy development company in Norway, Sweden, and the United States.

MGN fundamental analysis
Snowflake Score
Valuation	6/6
Future Growth	2/6
Past Performance	4/6
Financial Health	6/6
Dividends	1/6

Rewards

Trading at 92.1% below our estimate of its fair value

Revenue is forecast to grow 15.13% per year

Earnings grew by 12.9% over the past year

Trading at good value compared to peers and industry

Analysts in good agreement that stock price will rise by 79.7%

Risk Analysis

High level of non-cash earnings

Earnings are forecast to decline by an average of 25.5% per year for the next 3 years

Unstable dividend track record

Does not have meaningful revenue (NOK14M)

Magnora ASA Competitors

Scatec

OB:SCATC

NOK 12.9b

Elmera Group

OB:ELMRA

NOK 3.7b

clearvise

XTRA:ABO

€131.9m

Kencana Energi Lestari

IDX:KEEN

Rp2.4t

Price History & Performance

Summary of all time highs, changes and price drops for Magnora
Historical stock prices
Current Share Price	NOK 23.05
52 Week High	NOK 35.75
52 Week Low	NOK 21.90
Beta	1.09
11 Month Change	-3.56%
3 Month Change	-29.94%
1 Year Change	-29.29%
33 Year Change	23.66%
5 Year Change	246.62%
Change since IPO	-94.88%

We Think That There Are Some Issues For Magnora (OB:MGN) Beyond Its Promising Earnings

Oct 24

Recent updates

We Think That There Are Some Issues For Magnora (OB:MGN) Beyond Its Promising Earnings

Oct 24

Concerns Surrounding Magnora's (OB:MGN) Performance

Apr 24

A Look At The Intrinsic Value Of Magnora ASA (OB:MGN)

Sep 03

Bullish: Analysts Just Made A Massive Upgrade To Their Magnora ASA (OB:MGN) Forecasts

Aug 13

Does Magnora (OB:MGN) Have A Healthy Balance Sheet?

Aug 20

Shareholder Returns

	MGN	NO Renewable Energy	NO Market
7D	1.8%	-0.8%	0.3%
1Y	-29.3%	22.9%	0.2%

Return vs Industry: MGN underperformed the Norwegian Renewable Energy industry which returned 22.9% over the past year.

Return vs Market: MGN underperformed the Norwegian Market which returned 0.2% over the past year.

Price Volatility

Is MGN's price volatile compared to industry and market?
MGN volatility
MGN Average Weekly Movement	6.6%
Renewable Energy Industry Average Movement	3.9%
Market Average Movement	5.0%
10% most volatile stocks in NO Market	10.7%
10% least volatile stocks in NO Market	2.7%

Stable Share Price: MGN has not had significant price volatility in the past 3 months compared to the Norwegian market.

Volatility Over Time: MGN's weekly volatility (7%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
2001	n/a	Erik Sneve	www.magnoraasa.com

Magnora ASA operates as a renewable energy development company in Norway, Sweden, and the United States. The company primarily focuses on developing wind, solar photovoltaic (PV), and battery storage projects. It also hold license agreements with the Dana Western Isles and Shell Penguins.

Magnora ASA Fundamentals Summary

How do Magnora's earnings and revenue compare to its market cap?
MGN fundamental statistics
Market cap	NOK 1.50b
Earnings (TTM)	NOK 288.60m
Revenue (TTM)	NOK 13.60m

5.2x

P/E Ratio

110.3x

P/S Ratio

Is MGN overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
MGN income statement (TTM)
Revenue	NOK 13.60m
Cost of Revenue	NOK 17.90m
Gross Profit	-NOK 4.30m
Other Expenses	-NOK 292.90m
Earnings	NOK 288.60m

Last Reported Earnings

Sep 30, 2024

Next Earnings Date

n/a

Earnings per share (EPS)	4.43
Gross Margin	-31.62%
Net Profit Margin	2,122.06%
Debt/Equity Ratio	0%

How did MGN perform over the long term?

See historical performance and comparison

Dividends

3.2%

Current Dividend Yield

n/a

Payout Ratio

MGN Stock Overview

Rewards

Risk Analysis

Magnora ASA Competitors

OB:SCATC

NOK 12.9b

OB:ELMRA

NOK 3.7b

XTRA:ABO

€131.9m

IDX:KEEN

Rp2.4t

Price History & Performance

Recent News & Updates

Consensus revenue estimates increase by 15%

We Think That There Are Some Issues For Magnora (OB:MGN) Beyond Its Promising Earnings

Magnora Asa Announces Dividend, Payable on October 23, 2024

Third quarter 2024 earnings: EPS and revenues miss analyst expectations

New major risk - Revenue and earnings growth

Consensus revenue estimates fall by 15%

Recent updates

Consensus revenue estimates increase by 15%

We Think That There Are Some Issues For Magnora (OB:MGN) Beyond Its Promising Earnings

Magnora Asa Announces Dividend, Payable on October 23, 2024

Third quarter 2024 earnings: EPS and revenues miss analyst expectations

New major risk - Revenue and earnings growth

Consensus revenue estimates fall by 15%

Magnora ASA (OB:MGN) commences an Equity Buyback Plan for 6,575,183 shares, representing 10% of its issued share capital, under the authorization approved on April 23, 2024.

Executive Chairman recently bought kr242k worth of stock

Investor sentiment deteriorates as stock falls 17%

New minor risk - Share price stability

Upcoming dividend of kr4.19 per share

New major risk - Revenue and earnings growth

Second quarter dividend of kr4.19 announced

Second quarter 2024 earnings: Revenues miss analyst expectations

SunMind SAS completed the acquisition of Helios Nordic Energy AB from Magnora ASA (OB:MGN), management of Helios Nordic Energy AB and a few minority investors.

No independent directors

Vinci SA (ENXTPA:DG) signed an agreement to acquire 40% stake in Helios Nordic Energy AB from Magnora ASA (OB:MGN) for NOK 850 million.

Vinci SA (ENXTPA:DG) signed an agreement to acquire 40% stake in Helios Nordic Energy AB from Magnora ASA (OB:MGN) for NOK 850 million.

Concerns Surrounding Magnora's (OB:MGN) Performance

Consensus revenue estimates fall by 61%

No independent directors

Magnora ASA Separates Its Legacy Business from Its Renewables Business

Consensus revenue estimates fall by 14%

Magnora Asa Authorizes Quarterly Cash Distribution, Payable on 2 November 2023

Third quarter 2023 earnings: EPS and revenues miss analyst expectations

Magnora ASA, Annual General Meeting, Apr 23, 2024

A Look At The Intrinsic Value Of Magnora ASA (OB:MGN)

Executive Chairman recently bought kr1.1m worth of stock

New major risk - Revenue and earnings growth

Second quarter 2023 earnings: Revenues miss analyst expectations

Bullish: Analysts Just Made A Massive Upgrade To Their Magnora ASA (OB:MGN) Forecasts

Consensus revenue estimates increase by 33%

Magnora ASA (OB:MGN) commences an Equity Buyback for 6,682,268 shares, representing 10% of its issued share capital, under the authorization approved on April 25, 2023.

Magnora ASA Launches Capital Distribution Program

Consensus revenue estimates fall by 46%

First quarter 2023 earnings: EPS and revenues exceed analyst expectations

First Solar, Inc. (NasdaqGS:FSLR) acquired Evolar AB from Magnora ASA (OB:MGN) for $38 million.

Full year 2022 earnings released: EPS: kr0.21 (vs kr1.11 loss in FY 2021)

Consensus revenue estimates decrease by 32%

Full year 2022 earnings released: EPS: kr0.058 (vs kr1.11 loss in FY 2021)

Magnora ASA to Report Q4, 2023 Results on Feb 13, 2024

Magnora ASA, Annual General Meeting, Apr 25, 2023

No independent directors

Third quarter 2022 earnings released

Magnora ASA announced that it expects to receive NOK 200 million in funding

Does Magnora (OB:MGN) Have A Healthy Balance Sheet?

Second quarter 2022 earnings: Revenues exceed analyst expectations

Chief Financial Officer recently bought kr432k worth of stock

First quarter 2022 earnings: EPS and revenues miss analyst expectations

No independent directors

Magnora ASA (OB:MGN) acquired additional 13.5% minority stake in Evolar AB.

Full year 2021 earnings: EPS exceeds analyst expectations while revenues lag behind

Magnora ASA (OB:MGN) acquired a 92% stake in African Green Ventures.

Insider recently bought kr495k worth of stock

Key Executive recently bought kr245k worth of stock

Magnora ASA (OB:MGN) acquired additional 9.3% stake in Evolar AB.

Insider recently bought kr50k worth of stock

Third quarter 2021 earnings released

Executive Chairman recently bought kr2.9m worth of stock