Scatec ASA

DB:66T Stock Report

Market Cap: €1.1b

Scatec Valuation

Is 66T undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

4/6

Valuation Score 4/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of 66T when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: Insufficient data to calculate 66T's fair value for valuation analysis.

Significantly Below Fair Value: Insufficient data to calculate 66T's fair value for valuation analysis.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 66T?

Key metric: As 66T is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 66T. This is calculated by dividing 66T's market cap by their current earnings.
What is 66T's PE Ratio?
PE Ratio6.6x
EarningsNOK 1.90b
Market CapNOK 12.59b

Price to Earnings Ratio vs Peers

How does 66T's PE Ratio compare to its peers?

The above table shows the PE ratio for 66T vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average31x
HRPK 7C Solarparken
61.8x58.7%€154.6m
ABO clearvise
18.5x-47.3%€125.5m
MNV6 Mainova
32.4xn/a€1.9b
MVV1 MVV Energie
11.1xn/a€2.0b
66T Scatec
6.6x-39.4%€12.6b

Price-To-Earnings vs Peers: 66T is good value based on its Price-To-Earnings Ratio (6.6x) compared to the peer average (31x).

Price to Earnings Ratio vs Industry

How does 66T's PE Ratio compare vs other companies in the European Renewable Energy Industry?

1 CompanyPrice / EarningsEstimated GrowthMarket Cap
66T 6.6xIndustry Avg. 15.7xNo. of Companies9PE01224364860+
1 CompanyEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: 66T is good value based on its Price-To-Earnings Ratio (6.6x) compared to the European Renewable Energy industry average (15.6x).

Price to Earnings Ratio vs Fair Ratio

What is 66T's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

66T PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio6.6x
Fair PE Ratio12.7x

Price-To-Earnings vs Fair Ratio: 66T is good value based on its Price-To-Earnings Ratio (6.6x) compared to the estimated Fair Price-To-Earnings Ratio (12.7x).

Analyst Price Targets

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

The above table shows the analyst 66T forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€6.65
€8.57
+28.9%
6.7%€9.19€7.46n/a7
Dec ’25€6.81
€8.57
+25.9%
6.7%€9.19€7.46n/a7
Nov ’25€6.87
€8.14
+18.4%
9.1%€9.28€6.75n/a7
Oct ’25€6.94
€8.00
+15.3%
7.5%€8.72€6.77n/a7
Sep ’25€6.70
€8.16
+21.9%
7.7%€8.81€6.84n/a7
Aug ’25€7.58
€7.90
+4.3%
10.7%€8.77€6.01n/a7
Jul ’25€7.60
€8.20
+7.9%
10.5%€9.18€6.30n/a7
Jun ’25€7.55
€7.83
+3.7%
9.5%€8.53€6.14n/a7
May ’25€6.23
€7.73
+24.1%
9.8%€8.48€6.11n/a7
Apr ’25€6.09
€7.94
+30.4%
12.6%€9.42€6.17n/a7
Mar ’25€5.82
€8.18
+40.6%
12.6%€9.65€6.32n/a7
Feb ’25€6.75
€8.34
+23.6%
11.6%€9.72€6.36n/a7
Jan ’25€7.14
€8.11
+13.6%
13.3%€9.33€5.94n/a7
Dec ’24€6.11
€7.98
+30.6%
16.0%€9.30€5.24€6.817
Nov ’24€4.70
€8.24
+75.4%
19.5%€9.73€4.65€6.877
Oct ’24€5.60
€8.64
+54.5%
14.6%€9.98€5.64€6.948
Sep ’24€6.13
€8.64
+41.0%
14.6%€9.98€5.64€6.708
Aug ’24€7.56
€8.48
+12.2%
17.7%€9.87€4.81€7.588
Jul ’24€5.79
€8.43
+45.7%
17.7%€9.82€4.78€7.608
Jun ’24€6.28
€8.49
+35.2%
17.6%€9.92€4.83€7.558
May ’24€5.89
€9.13
+55.1%
17.0%€10.56€5.14€6.239
Apr ’24€6.28
€9.13
+45.3%
17.0%€10.56€5.14€6.099
Mar ’24€6.38
€9.13
+43.1%
17.0%€10.56€5.14€5.829
Feb ’24€7.48
€9.33
+24.7%
19.8%€11.09€4.71€6.759
Jan ’24€7.46
€9.65
+29.3%
21.6%€11.54€4.33€7.149
Dec ’23€8.70
€9.65
+10.8%
21.6%€11.54€4.33€6.119

Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/27 05:12
End of Day Share Price 2024/12/27 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

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.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* 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

Scatec ASA is covered by 14 analysts. 6 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Naisheng CuiBarclays
Manuel PalomoBNP Paribas Exane
Eivind GarvikCarnegie Investment Bank AB