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Edda Wind (EWINDO) Stock Overview

Develops, builds, owns, operates, and charters out purpose-built service operation vessels (SOVs) and commissioning service operation vessels (CSOVs) for offshore wind farms and maritime operations worldwide. More details

EWINDO fundamental analysis
Snowflake Score
Valuation	2/6
Future Growth	5/6
Past Performance	0/6
Financial Health	2/6
Dividends	0/6

Rewards

Trading at 89.1% below our estimate of its fair value

Earnings are forecast to grow 74.42% per year

Risk Analysis

Shares are highly illiquid

Debt is not well covered by operating cash flow

Shareholders have been diluted in the past year

EWINDO Community Fair Values

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Edda Wind ASA Competitors

Price History & Performance

Summary of share price highs, lows and changes for Edda Wind
Historical stock prices
Current Share Price	NOK 22.60
52 Week High	NOK 0
52 Week Low	NOK 0
Beta	0.61
1 Month Change	0%
3 Month Change	n/a
1 Year Change	n/a
3 Year Change	n/a
5 Year Change	n/a
Change since IPO	0%

Recent updates

Shareholder Returns

	EWINDO	GB Shipping	GB Market
7D	0%	1.0%	0.7%
1Y	n/a	-6.7%	20.6%

Return vs Industry: Insufficient data to determine how EWINDO performed against the UK Shipping industry.

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

Price Volatility

Is EWINDO's price volatile compared to industry and market?
EWINDO volatility
EWINDO Average Weekly Movement	n/a
Shipping Industry Average Movement	4.2%
Market Average Movement	4.6%
10% most volatile stocks in GB Market	10.7%
10% least volatile stocks in GB Market	2.6%

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

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

About the Company

Founded	Employees	CEO	Website
2015	23	Kenneth Walland	eddawind.com

Edda Wind ASA develops, builds, owns, operates, and charters out purpose-built service operation vessels (SOVs) and commissioning service operation vessels (CSOVs) for offshore wind farms worldwide. It owns and operates two purpose-built SOVs; operates one chartered in frontrunner vessel; and has 8 offshore wind vessels under construction, which include two offshore wind SOVs and six offshore wind CSOVs. The company was founded in 2015 and is headquartered in Haugesund, Norway.

Edda Wind ASA Fundamentals Summary

How do Edda Wind's earnings and revenue compare to its market cap?
EWINDO fundamental statistics
Market cap	NOK 2.75b
Earnings (TTM)	-NOK 63.01m
Revenue (TTM)	NOK 570.97m

4.8x

P/S Ratio

-43.7x

P/E Ratio

Is EWINDO overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
EWINDO income statement (TTM)
Revenue	€48.68m
Cost of Revenue	€21.27m
Gross Profit	€27.41m
Other Expenses	€32.78m
Earnings	-€5.37m

Last Reported Earnings

Jun 30, 2024

Next Earnings Date

Nov 19, 2024

Earnings per share (EPS)	-0.042
Gross Margin	56.31%
Net Profit Margin	-11.04%
Debt/Equity Ratio	93.6%

How did EWINDO perform over the long term?

See historical performance and comparison

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2024/09/28 02:34
End of Day Share Price	2024/07/01 00:00
Earnings	2024/06/30
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.

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

Edda Wind ASA is covered by 4 analysts. 4 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
Martin Karlsen	DNB Carnegie
Magnus Solheim	Fearnley Securities
Magnus Andersen	Fearnley Securities

Edda Wind ASABATS-CHIXE:EWINDO Stock Report