C28 Stock Overview

Provides integrated solutions for the energy, marine, and industrial sectors in Norway and internationally. More details

C28 fundamental analysis
Snowflake Score
Valuation	4/6
Future Growth	4/6
Past Performance	0/6
Financial Health	3/6
Dividends	3/6

Rewards

Trading at 85.9% below our estimate of its fair value

Earnings are forecast to grow 79.45% per year

Revenue grew by 411.6% over the past year

Risk Analysis

Less than 3 years of financial data is available

Community vs My Fair Value

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Moreld AS Competitors

Price History & Performance

Summary of share price highs, lows and changes for Moreld
Historical stock prices
Current Share Price	NOK 1.19
52 Week High	NOK 1.37
52 Week Low	NOK 0.93
Beta	0
1 Month Change	23.28%
3 Month Change	-8.77%
1 Year Change	n/a
3 Year Change	n/a
5 Year Change	n/a
Change since IPO	1.02%

Recent updates

Shareholder Returns

	C28	DE Construction	DE Market
7D	7.8%	1.1%	0.5%
1Y	n/a	47.0%	14.4%

Return vs Industry: Insufficient data to determine how C28 performed against the German Construction industry.

Return vs Market: Insufficient data to determine how C28 performed against the German Market.

Price Volatility

Is C28's price volatile compared to industry and market?
C28 volatility
C28 Average Weekly Movement	6.2%
Construction Industry Average Movement	10.0%
Market Average Movement	6.5%
10% most volatile stocks in DE Market	12.8%
10% least volatile stocks in DE Market	3.1%

Stable Share Price: C28 has not had significant price volatility in the past 3 months compared to the German market.

Volatility Over Time: Insufficient data to determine C28's volatility change over the past year.

About the Company

Founded	Employees	CEO	Website
2021	1,927	Geir Austigard	www.moreld.com

Moreld AS provides integrated solutions for the energy, marine, and industrial sectors in Norway and internationally. It operates through Moreld Apply, Ocean Installer, and Global Maritime segments. The company undertakes marine and subsea construction works; and offers a range of services, such as subsea umbilicals, risers, flowlines, moorings, offshore renewables, and carbon capture and storage, as well as inspection, repair, and maintenance services; and subsea installation services for offshore oil and gas developments.

Moreld AS Fundamentals Summary

How do Moreld's earnings and revenue compare to its market cap?
C28 fundamental statistics
Market cap	€213.70m
Earnings (TTM)	-€67.95m
Revenue (TTM)	€783.64m

0.3x

P/S Ratio

-3.1x

P/E Ratio

Is C28 overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
C28 income statement (TTM)
Revenue	NOK 9.09b
Cost of Revenue	NOK 6.04b
Gross Profit	NOK 3.05b
Other Expenses	NOK 3.84b
Earnings	-NOK 787.91m

Last Reported Earnings

Mar 31, 2025

Next Earnings Date

Aug 14, 2025

Earnings per share (EPS)	-4.39
Gross Margin	33.56%
Net Profit Margin	-8.67%
Debt/Equity Ratio	166.7%

How did C28 perform over the long term?

See historical performance and comparison

Dividends

12.2%

Current Dividend Yield

n/a

Payout Ratio

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2025/05/19 18:35
End of Day Share Price	2025/05/16 00:00
Earnings	2025/03/31
Annual Earnings	2024/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Moreld AS is covered by 2 analysts. 2 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Magnus Andersen	Fearnley Securities
Bård Rosef	Pareto Securities

Moreld DB:C28 Stock Report