Scatec ASA

BATS-CHIXE:SCATCO Stock Report

Market Cap: NOK 12.6b

Scatec Valuation

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

Valuation Score

3/6

Valuation Score 3/6

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

Below Fair Value: Insufficient data to calculate SCATCO's fair value for valuation analysis.

Significantly Below Fair Value: Insufficient data to calculate SCATCO's fair value for valuation analysis.

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for SCATCO. This is calculated by dividing SCATCO's market cap by their current earnings.
What is SCATCO's PE Ratio?
PE Ratio9.6x
EarningsNOK 1.31b
Market CapNOK 12.58b

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for SCATCO vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average10x
DRX Drax Group
3.5x-31.8%UK£2.3b
TEP Telecom Plus
18x12.0%UK£1.4b
YU. Yü Group
7x-1.7%UK£267.7m
601619 Jiaze Renewables
11.6xn/aCN¥8.2b
SCATCO Scatec
9.6x-35.5%NOK 12.6b

Price-To-Earnings vs Peers: SCATCO is good value based on its Price-To-Earnings Ratio (9.6x) compared to the peer average (10x).

Price to Earnings Ratio vs Industry

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

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
No. of Companies8PE01224364860+
0 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: SCATCO is good value based on its Price-To-Earnings Ratio (9.6x) compared to the European Renewable Energy industry average (15.4x).

Price to Earnings Ratio vs Fair Ratio

What is SCATCO'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.

SCATCO PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio9.6x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate SCATCO'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 SCATCO forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentNOK 76.88
NOK 98.22
+27.8%
6.6%NOK 106.00NOK 90.00n/a9
Jan ’26n/a
NOK 98.86
0%
6.7%NOK 106.00NOK 86.00n/a7
Dec ’25n/a
NOK 98.86
0%
6.7%NOK 106.00NOK 86.00n/a7
Nov ’25NOK 79.45
NOK 96.43
+21.4%
9.1%NOK 110.00NOK 80.00n/a7
Oct ’25NOK 82.93
NOK 94.43
+13.9%
7.5%NOK 103.00NOK 80.00n/a7
Sep ’25NOK 79.80
NOK 95.43
+19.6%
7.7%NOK 103.00NOK 80.00n/a7
Aug ’25n/a
NOK 94.57
0%
10.7%NOK 105.00NOK 72.00n/a7
Jul ’25n/a
NOK 93.71
0%
10.5%NOK 105.00NOK 72.00n/a7
Jun ’25NOK 82.93
NOK 91.86
+10.8%
9.5%NOK 100.00NOK 72.00n/a7
May ’25n/a
NOK 91.14
0%
9.8%NOK 100.00NOK 72.00n/a7
Apr ’25n/a
NOK 92.71
0%
12.6%NOK 110.00NOK 72.00n/a7
Mar ’25NOK 67.20
NOK 93.29
+38.8%
12.6%NOK 110.00NOK 72.00n/a7
Feb ’25n/a
NOK 94.43
0%
11.6%NOK 110.00NOK 72.00NOK 79.887
Jan ’25n/a
NOK 95.57
0%
13.3%NOK 110.00NOK 70.00n/a7
Dec ’24NOK 69.03
NOK 94.43
+36.8%
16.0%NOK 110.00NOK 62.00n/a7
Nov ’24n/a
NOK 97.43
0%
19.5%NOK 115.00NOK 55.00NOK 79.457
Oct ’24NOK 59.80
NOK 99.63
+66.6%
14.6%NOK 115.00NOK 65.00NOK 82.938
Sep ’24n/a
NOK 99.63
0%
14.6%NOK 115.00NOK 65.00NOK 79.808
Aug ’24n/a
NOK 98.75
0%
17.7%NOK 115.00NOK 56.00n/a8
Jul ’24n/a
NOK 98.75
0%
17.7%NOK 115.00NOK 56.00n/a8
Jun ’24NOK 73.78
NOK 98.38
+33.3%
17.6%NOK 115.00NOK 56.00NOK 82.938
May ’24NOK 68.85
NOK 99.33
+44.3%
17.0%NOK 115.00NOK 56.00n/a9
Apr ’24n/a
NOK 99.33
0%
17.0%NOK 115.00NOK 56.00n/a9
Mar ’24n/a
NOK 99.33
0%
17.0%NOK 115.00NOK 56.00NOK 67.209
Feb ’24NOK 83.94
NOK 101.00
+20.3%
19.8%NOK 120.00NOK 51.00n/a9
Analyst Price Target
Consensus Narrative from 9 Analysts
NOK 95.46
Fair Value
19.5% undervalued intrinsic discount
9
Number of Analysts

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

Discover undervalued companies

7D

1Y

7D

1Y

7D

1Y

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/02/07 06:38
End of Day Share Price 2025/02/03 00:00
Earnings2024/12/31
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

Scatec ASA is covered by 13 analysts. 8 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
null nullABG Sundal Collier
Naisheng CuiBarclays
Manuel PalomoBNP Paribas Exane