How does 62L's PS Ratio compare to its peers?

62L is good value based on its Price-To-Sales Ratio (2.6x) compared to the peer average (3.5x).

How does 62L's PS Ratio compare vs other companies in the European Renewable Energy Industry?

62L is expensive based on its Price-To-Sales Ratio (2.6x) compared to the European Renewable Energy industry average (2.6x).

What is 62L's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

62L is expensive based on its Price-To-Sales Ratio (2.6x) compared to the estimated Fair Price-To-Sales Ratio (0x).

What is the Fair Price of 62L when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Insufficient data to calculate 62L's fair value for valuation analysis.

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Insufficient data to show price forecast.

62L Stock Overview

An independent power producer, owns, develops, finances, builds, and operates solar power plants in Norway, Brazil, Vietnam, South Africa, Pakistan, and Ukraine. More details

62L fundamental analysis
Snowflake Score
Valuation	1/6
Future Growth	2/6
Past Performance	0/6
Financial Health	1/6
Dividends	0/6

Rewards

Revenue is forecast to grow 68.48% per year

Risk Analysis

Has less than 1 year of cash runway

Earnings are forecast to decline by an average of 31% per year for the next 3 years

Shareholders have been substantially diluted in the past year

Does not have a meaningful market cap (€60M)

+ 3 more risks

My Notes

Capture your thoughts, links and company narrative

Norsk Renewables AS Competitors

clearvise

XTRA:ABO

€123.2m

7C Solarparken

XTRA:HRPK

€152.8m

Tion Renewables

XTRA:TION

€139.5m

Tion Renewables

DB:TION

€149.0m

Price History & Performance

Summary of share price highs, lows and changes for Norsk Renewables
Historical stock prices
Current Share Price	NOK 0.01
52 Week High	NOK 0.035
52 Week Low	NOK 0.0002
Beta	0.34
1 Month Change	-10.34%
3 Month Change	-23.53%
1 Year Change	n/a
3 Year Change	n/a
5 Year Change	n/a
Change since IPO	5,100.00%

Recent updates

Shareholder Returns

	62L	DE Renewable Energy	DE Market
7D	-17.5%	-1.7%	-2.0%
1Y	n/a	-30.0%	6.9%

Return vs Industry: Insufficient data to determine how 62L performed against the German Renewable Energy industry.

Return vs Market: Insufficient data to determine how 62L performed against the German Market.

Price Volatility

Is 62L's price volatile compared to industry and market?
62L volatility
62L Average Weekly Movement	34.3%
Renewable Energy Industry Average Movement	3.5%
Market Average Movement	4.9%
10% most volatile stocks in DE Market	11.3%
10% least volatile stocks in DE Market	2.4%

Stable Share Price: 62L's share price has been volatile over the past 3 months compared to the German market.

Volatility Over Time: 62L's weekly volatility has decreased from 1086% to 34% over the past year, but is still higher than 75% of German stocks.

About the Company

Founded	Employees	CEO	Website
2017	35	Torbjorn Kirkeby-Garstad	norskrenewables.com

Norsk Renewables AS, an independent power producer, owns, develops, finances, builds, and operates solar power plants in Norway, Brazil, Vietnam, South Africa, Pakistan, and Ukraine. The company has proportionate ownership of 24 megawatts in 88 megawatts of solar power plants. It serves its products to utility and large corporate off-takers.

Norsk Renewables AS Fundamentals Summary

How do Norsk Renewables's earnings and revenue compare to its market cap?
62L fundamental statistics
Market cap	€5.11m
Earnings (TTM)	-€5.50m
Revenue (TTM)	€1.97m

2.6x

P/S Ratio

-0.9x

P/E Ratio

Is 62L overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
62L income statement (TTM)
Revenue	NOK 23.23m
Cost of Revenue	NOK 0
Gross Profit	NOK 23.23m
Other Expenses	NOK 88.29m
Earnings	-NOK 65.05m

Last Reported Earnings

Sep 30, 2024

Next Earnings Date

n/a

Earnings per share (EPS)	-0.31
Gross Margin	100.00%
Net Profit Margin	-280.02%
Debt/Equity Ratio	510.1%

How did 62L perform over the long term?

See historical performance and comparison

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2024/12/23 15:06
End of Day Share Price	2024/12/20 00:00
Earnings	2024/09/30
Annual Earnings	2023/12/31

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 here.

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 .

Analyst Sources

Norsk Renewables AS is covered by 3 analysts. 1 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 Solheim	Fearnley Securities
Irmantas Vaskela	Norne Securities AS
Ignas Lekštys	Norne Securities AS

Norsk Renewables DB:62L Stock Report