Magnora ASA

BATS-CHIXE:MGNO Stock Report

Market Cap: NOK 1.5b

Magnora Valuation

Is MGNO 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 MGNO when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Discounted Cash Flow
Simply Wall St
NOK 48.92
Fair Value
52.8% undervalued intrinsic discount
3
Number of Analysts

Below Fair Value: MGNO (NOK23.08) is trading below our estimate of fair value (NOK48.92)

Significantly Below Fair Value: MGNO is trading below fair value by more than 20%.

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for MGNO. This is calculated by dividing MGNO's market cap by their current earnings.
What is MGNO's PE Ratio?
PE Ratio4.5x
EarningsNOK 321.70m
Market CapNOK 1.46b

Price to Earnings Ratio vs Peers

How does MGNO's PE Ratio compare to its peers?

The above table shows the PE ratio for MGNO vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average14x
GMS Gulf Marine Services
7.3x20.23%UK£204.5m
AET Afentra
2.5x-1.78%UK£95.0m
522261 Dolphin Offshore Enterprises (India)
31.4xn/a₹14.6b
HSP Hargreaves Services
14.7x25.13%UK£214.5m
MGNO Magnora
4.5x-9.21%NOK 1.5b

Price-To-Earnings vs Peers: MGNO is good value based on its Price-To-Earnings Ratio (4.5x) compared to the peer average (14.3x).

Price to Earnings Ratio vs Industry

How does MGNO's PE Ratio compare vs other companies in the European Renewable Energy Industry?

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
No. of Companies9PE01224364860+
0 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: MGNO is good value based on its Price-To-Earnings Ratio (4.5x) compared to the European Renewable Energy industry average (15.7x).

Price to Earnings Ratio vs Fair Ratio

What is MGNO'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.

MGNO PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio4.5x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate MGNO's Price-To-Earnings Fair Ratio for valuation analysis.

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 MGNO forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentNOK 23.08
NOK 36.74
+59.24%
17.00%NOK 45.09NOK 30.06n/a3
May ’26n/a
NOK 36.74
0%
17.00%NOK 45.09NOK 30.06n/a3
Apr ’26n/a
NOK 38.87
0%
8.19%NOK 43.12NOK 35.46n/a3
Mar ’26n/a
NOK 38.92
0%
15.07%NOK 46.34NOK 31.99n/a3
Feb ’26n/a
NOK 38.64
0%
14.31%NOK 45.74NOK 32.24n/a3
Jan ’26n/a
NOK 38.64
0%
14.31%NOK 45.74NOK 32.24n/a3
Dec ’25n/a
NOK 38.55
0%
14.31%NOK 45.63NOK 32.17n/a3
Nov ’25n/a
NOK 38.50
0%
14.18%NOK 45.31NOK 31.95n/a3
Oct ’25n/a
NOK 40.96
0%
7.33%NOK 45.01NOK 37.85n/a3
Sep ’25n/a
NOK 40.96
0%
7.33%NOK 45.01NOK 37.85n/a3
Aug ’25n/a
NOK 40.96
0%
7.33%NOK 45.01NOK 37.85n/a3
Jul ’25n/a
NOK 40.79
0%
5.80%NOK 43.78NOK 37.99n/a3
Jun ’25n/a
NOK 42.11
0%
3.36%NOK 43.23NOK 40.11n/a3
May ’25n/a
NOK 43.26
0%
5.32%NOK 45.02NOK 40.01n/a3
Apr ’25n/a
NOK 43.52
0%
7.53%NOK 47.83NOK 39.89n/a3
Mar ’25n/a
NOK 43.54
0%
7.30%NOK 47.69NOK 39.97n/a3
Feb ’25n/a
NOK 43.25
0%
5.11%NOK 46.14NOK 40.78n/a3
Jan ’25n/a
NOK 43.25
0%
5.11%NOK 46.14NOK 40.78n/a3
Dec ’24n/a
NOK 43.25
0%
5.11%NOK 46.14NOK 40.78n/a3
Nov ’24n/a
NOK 44.21
0%
5.94%NOK 47.93NOK 42.36n/a3
Oct ’24n/a
NOK 42.97
0%
8.85%NOK 48.34NOK 40.28n/a3
Sep ’24n/a
NOK 42.97
0%
8.85%NOK 48.34NOK 40.28n/a3
Aug ’24n/a
NOK 41.77
0%
8.72%NOK 46.88NOK 38.65n/a3
Jul ’24n/a
NOK 41.77
0%
8.72%NOK 46.88NOK 38.65n/a3
Jun ’24n/a
NOK 46.54
0%
10.16%NOK 51.27NOK 40.09n/a3
May ’24n/a
NOK 43.51
0%
15.10%NOK 49.98NOK 34.50n/a3
AnalystConsensusTarget
Consensus Narrative from 3 Analysts
NOK 37.11
Fair Value
37.8% undervalued intrinsic discount
3
Number of Analysts

Analyst Forecast: Target price is more than 20% higher than the current share price, but analysts are not within a statistically confident range of agreement.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/05/23 22:55
End of Day Share Price 2025/05/20 00:00
Earnings2025/03/31
Annual Earnings2024/12/31

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.

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.

AnalystInstitution
John A. OlaisenABG Sundal Collier
Erik TønneArctic Securities ASA
Chr. Frederik LundeCarnegie Investment Bank AB