Magnora (4SM) Stock Overview

Operates as a renewable energy development company in Norway, Sweden, South Africa, Italy and the United Kingdom. More details

4SM fundamental analysis
Snowflake Score
Valuation	3/6
Future Growth	6/6
Past Performance	0/6
Financial Health	3/6
Dividends	1/6

Rewards

Trading at 79.2% below our estimate of its fair value

Earnings are forecast to grow 172.05% per year

Analysts in good agreement that stock price will rise by 50.5%

Risk Analysis

Dividend of 3.61% is not well covered by earnings or free cash flows

4SM Community Fair Values

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Magnora ASA Competitors

Price History & Performance

Summary of share price highs, lows and changes for Magnora
Historical stock prices
Current Share Price	NOK 1.92
52 Week High	NOK 3.08
52 Week Low	NOK 1.56
Beta	0.28
1 Month Change	-6.57%
3 Month Change	-4.24%
1 Year Change	0.42%
3 Year Change	-38.56%
5 Year Change	17.36%
Change since IPO	-99.80%

Recent updates

Shareholder Returns

	4SM	DE Renewable Energy	DE Market
7D	-5.2%	0.8%	-1.1%
1Y	0.4%	59.6%	3.3%

Return vs Industry: 4SM underperformed the German Renewable Energy industry which returned 57.2% over the past year.

Return vs Market: 4SM underperformed the German Market which returned 4.7% over the past year.

Price Volatility

Is 4SM's price volatile compared to industry and market?
4SM volatility
4SM Average Weekly Movement	6.8%
Renewable Energy Industry Average Movement	4.2%
Market Average Movement	4.9%
10% most volatile stocks in DE Market	12.0%
10% least volatile stocks in DE Market	2.5%

Stable Share Price: 4SM has not had significant price volatility in the past 3 months compared to the German market.

Volatility Over Time: 4SM's weekly volatility (7%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
2001	43	Erik Sneve	www.magnoraasa.com

Magnora ASA operates as a renewable energy development company in Norway, Sweden, South Africa, Italy and the United Kingdom. The company focuses on developing data centers, solar photovoltaic energy, wind energy – onshore and offshore, renewable energy, and battery energy storage systems projects. The company was formerly known as Sevan Marine ASA and changed its name to Magnora ASA in October 2018.

Magnora ASA Fundamentals Summary

How do Magnora's earnings and revenue compare to its market cap?
4SM fundamental statistics
Market cap	€136.26m
Earnings (TTM)	-€6.84m
Revenue (TTM)	€4.58m

29.8x

P/S Ratio

-19.9x

P/E Ratio

Is 4SM overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
4SM income statement (TTM)
Revenue	NOK 49.50m
Cost of Revenue	NOK 7.90m
Gross Profit	NOK 41.60m
Other Expenses	NOK 115.50m
Earnings	-NOK 73.90m

Last Reported Earnings

Jun 30, 2026

Next Earnings Date

Oct 30, 2026

Earnings per share (EPS)	-1.04
Gross Margin	84.04%
Net Profit Margin	-149.29%
Debt/Equity Ratio	0.3%

How did 4SM perform over the long term?

See historical performance and comparison

Dividends

3.6%

Current Dividend Yield

-290%

Payout Ratio

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2026/09/18 12:39
End of Day Share Price	2026/09/18 00:00
Earnings	2026/06/30
Annual Earnings	2025/12/31

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 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

Magnora ASA is covered by 10 analysts. 3 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
Chr. Frederik Lunde	Carnegie Investment Bank AB
Jørgen Lande	Danske Bank
Eirik Mathisen	DNB Carnegie

Magnora (4SM) Stock Overview

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Risk Analysis

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Magnora ASA Competitors

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Price History & Performance

Recent News & Updates

Second quarter 2026 earnings released: kr0.41 loss per share (vs kr0.28 loss in 2Q 2025)

Magnora ASA to Report Fiscal Year 2026 Results on Mar 18, 2027

No independent directors

Magnora ASA has filed a Follow-on Equity Offering in the amount of NOK 237.167278 million.

Magnora ASA Secures a Third Data Center Project, Adding 120 Mw, in the Helsinki - Tampere Area

Magnora ASA, Annual General Meeting, Mar 24, 2026

Recent updates

Second quarter 2026 earnings released: kr0.41 loss per share (vs kr0.28 loss in 2Q 2025)

Magnora ASA to Report Fiscal Year 2026 Results on Mar 18, 2027

No independent directors

Magnora ASA has filed a Follow-on Equity Offering in the amount of NOK 237.167278 million.

Magnora ASA Secures a Third Data Center Project, Adding 120 Mw, in the Helsinki - Tampere Area

Magnora ASA, Annual General Meeting, Mar 24, 2026

Magnora ASA to Report Q3, 2026 Results on Oct 23, 2026

Magnora ASA (OB:MGN) agreed to acquire 75% stake in Storespeed As.

Undisclosed buyers acquired 30% stake in Hermana Holding ASA (OB:HERMA) from Magnora ASA (OB:MGN) for NOK 40.3 million.

Magnora ASA Provides Sales Target for the Year 2025

Magnora ASA Continues Quarterly Dividend

Magnora ASA, Annual General Meeting, Apr 29, 2025

Magnora ASA to Report Q1, 2025 Results on Apr 25, 2025

Third quarter dividend of kr0.19 announced

Magnora Asa Announces Dividend, Payable on October 23, 2024

New major risk - Revenue and earnings growth

Third quarter 2024 earnings released: EPS: kr3.60 (vs kr0.25 loss in 3Q 2023)

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 €21k worth of stock

Investor sentiment deteriorates as stock falls 16%

Upcoming dividend of kr4.19 per share

New major risk - Revenue and earnings growth

Second quarter dividend of kr4.19 announced

New major risk - Revenue size

Now 23% undervalued after recent price drop

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.

First quarter 2024 earnings released: kr0.099 loss per share (vs kr0.10 profit in 1Q 2023)

Magnora ASA Separates Its Legacy Business from Its Renewables Business

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

Third quarter 2023 earnings released: kr0.25 loss per share (vs kr0.23 loss in 3Q 2022)

Magnora ASA, Annual General Meeting, Apr 23, 2024

Executive Chairman recently bought €94k worth of stock

New major risk - Revenue and earnings growth

Second quarter 2023 earnings released

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.

Investor sentiment improves as stock rises 16%

New minor risk - Share price stability

Magnora ASA Launches Capital Distribution Program

First quarter 2023 earnings released

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)

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

Second quarter 2022 earnings released

First quarter 2022 earnings released: kr0.32 loss per share (vs kr0.14 loss in 1Q 2021)

No independent directors

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

Full year 2021 earnings: EPS in line with expectations, revenues disappoint

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

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

Third quarter 2021 earnings released

Executive Chairman recently bought €290k worth of stock

Magnora ASA (OB:MGN) acquired additional 15% stake in Helios Nordic Energy AB.

Second quarter 2021 earnings released: kr0.17 loss per share (vs kr0.23 profit in 2Q 2020)

Magnora ASA (OSE: MGN) acquired an unknown minority stake in Kustvind AB.

Investor sentiment deteriorated over the past week