Magnora Balance Sheet Health

Financial Health criteria checks 6/6

Magnora has a total shareholder equity of NOK519.6M and total debt of NOK0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are NOK677.7M and NOK158.1M respectively.

Key information

Debt to equity ratio

NOK 0

Debt

Interest coverage ratio	n/a
Cash	NOK 311.30m
Equity	NOK 519.60m
Total liabilities	NOK 158.10m
Total assets	NOK 677.70m

Recent financial health updates

No updates

Recent updates

Financial Position Analysis

Short Term Liabilities: 4SM's short term assets (NOK425.9M) exceed its short term liabilities (NOK157.7M).

Long Term Liabilities: 4SM's short term assets (NOK425.9M) exceed its long term liabilities (NOK400.0K).

Debt to Equity History and Analysis

Debt Level: 4SM is debt free.

Reducing Debt: 4SM had no debt 5 years ago.

Debt Coverage: 4SM has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: 4SM has no debt, therefore coverage of interest payments is not a concern.

Magnora Balance Sheet Health

Financial Health criteria checks 6/6

Key information

Recent financial health updates

Recent updates

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 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

Chief Executive Officer recently bought €89k worth of stock

Magnora ASA (OB:MGN) agreed to acquire additional 12.26% minority stake in Evolar AB.

First quarter 2021 earnings released

Executive Vice President of Operations recently bought €44k worth of stock

Full year 2020 earnings released: EPS kr0.54 (vs kr0.38 in FY 2019)

Investor sentiment improved over the past week

New 90-day high: €2.90

Magnora ASA (OB:MGN) entered into agreement to acquire an additional 25% stake in Vindr AB.

Revenue beats expectations

Full year 2020 earnings released: EPS kr0.54 (vs kr0.38 in FY 2019)

Magnora ASA to Report Q4, 2021 Results on Feb 15, 2022

Magnora ASA Updates on Oddeheia and Bjelkeberg Wind Farm Project

Magnora ASA Appoints Peter Nygren as Executive Vice President

New 90-day high: €2.71

Magnora ASA (OB:MGN) entered into an agreement to acquire 25% stake in Helios Nordic Energy AB

Magnora ASA Enters Partnership to Establish Floating Wind Company

Investor sentiment deteriorated over the past week

Magnora ASA to Report Q3, 2021 Results on Nov 15, 2021

New 90-day high: €2.39

New 90-day high: €2.29

Market bids up stock over the past week

Market bids up stock over the past week

Market bids up stock over the past week

Market pulls back on stock over the past week

Financial Position Analysis

Debt to Equity History and Analysis

Balance Sheet

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