MGNO Stock Overview

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

MGNO fundamental analysis
Snowflake Score
Valuation	4/6
Future Growth	6/6
Past Performance	5/6
Financial Health	6/6
Dividends	1/6

Rewards

Trading at 61.9% below our estimate of its fair value

Earnings are forecast to grow 21.32% per year

Earnings grew by 1440% over the past year

Risk Analysis

High level of non-cash earnings

Shares are highly illiquid

Unstable dividend track record

Does not have meaningful revenue (NOK25M)

Magnora ASA Competitors

Gulf Marine Services

LSE:GMS

UK£180.0m

Afentra

AIM:AET

UK£87.5m

Hargreaves Services

AIM:HSP

UK£194.5m

Dolphin Offshore Enterprises (India)

BSE:522261

₹12.1b

Price History & Performance

Summary of share price highs, lows and changes for Magnora
Historical stock prices
Current Share Price	NOK 31.15
52 Week High	NOK 31.15
52 Week Low	NOK 29.23
Beta	1.14
1 Month Change	0%
3 Month Change	n/a
1 Year Change	n/a
3 Year Change	n/a
5 Year Change	318.12%
Change since IPO	139.62%

Recent updates

Shareholder Returns

	MGNO	GB Energy Services	GB Market
7D	0%	-15.3%	-2.3%
1Y	n/a	-50.7%	3.2%

Return vs Industry: Insufficient data to determine how MGNO performed against the UK Energy Services industry.

Return vs Market: Insufficient data to determine how MGNO performed against the UK Market.

Price Volatility

Is MGNO's price volatile compared to industry and market?
MGNO volatility
MGNO Average Weekly Movement	n/a
Energy Services Industry Average Movement	6.4%
Market Average Movement	5.0%
10% most volatile stocks in GB Market	9.9%
10% least volatile stocks in GB Market	2.9%

Stable Share Price: MGNO has not had significant price volatility in the past 3 months.

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

Community vs My Fair Value

Create Narrative

Select a narrative for quick price alerts from the community, or create your own.

About the Company

Founded	Employees	CEO	Website
2001	n/a	Erik Sneve	www.magnoraasa.com

Magnora ASA operates as a renewable energy development company in Norway, Sweden, and the United States. The company primarily focuses on developing wind and solar photovoltaic (PV) projects. It also hold license agreements with the Dana Western Isles and Shell Penguins.

Magnora ASA Fundamentals Summary

How do Magnora's earnings and revenue compare to its market cap?
MGNO fundamental statistics
Market cap	NOK 2.02b
Earnings (TTM)	NOK 192.50m
Revenue (TTM)	NOK 24.60m

10.5x

P/E Ratio

82.2x

P/S Ratio

Is MGNO overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
MGNO income statement (TTM)
Revenue	NOK 24.60m
Cost of Revenue	NOK 0
Gross Profit	NOK 24.60m
Other Expenses	-NOK 167.90m
Earnings	NOK 192.50m

Last Reported Earnings

Dec 31, 2023

Next Earnings Date

Apr 16, 2024

Earnings per share (EPS)	2.93
Gross Margin	100.00%
Net Profit Margin	782.52%
Debt/Equity Ratio	0%

How did MGNO perform over the long term?

See historical performance and comparison

Dividends

2.4%

Current Dividend Yield

n/a

Payout Ratio

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2024/04/01 19:30
End of Day Share Price	2024/01/03 00:00
Earnings	2023/12/31
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.

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

Magnora ASA is covered by 15 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
John A. Olaisen	ABG Sundal Collier
Erik Tønne	Arctic Securities ASA
Chr. Frederik Lunde	Carnegie Investment Bank AB