Magnora (LSE:0MHQ) - Stock Price, News & Analysis

0MHQ Stock Overview

Operates as a renewable energy development company in Norway, Sweden, and the United States.

0MHQ fundamental analysis
Snowflake Score
Valuation	5/6
Future Growth	3/6
Past Performance	5/6
Financial Health	3/6
Dividends	1/6

Rewards

Trading at 57.9% below our estimate of its fair value

Revenue is forecast to grow 25.74% per year

Earnings grew by 375.8% over the past year

Analysts in good agreement that stock price will rise by 45.7%

Risk Analysis

High level of non-cash earnings

Earnings are forecast to decline by an average of 2.4% per year for the next 3 years

Unstable dividend track record

Volatile share price over the past 3 months

+ 1 more risk

Magnora ASA Competitors

Drax Group

LSE:DRX

UK£2.1b

Yü Group

AIM:YU.

UK£287.0m

Good Energy Group

AIM:GOOD

UK£49.5m

Jersey Electricity

LSE:JEL

UK£147.1m

Price History & Performance

Summary of all time highs, changes and price drops for Magnora
Historical stock prices
Current Share Price	NOK 27.80
52 Week High	NOK 38.35
52 Week Low	NOK 27.15
Beta	1.11
11 Month Change	-17.99%
3 Month Change	-12.58%
1 Year Change	-2.46%
33 Year Change	71.39%
5 Year Change	n/a
Change since IPO	-99.58%

Recent updates

Shareholder Returns

	0MHQ	GB Renewable Energy	GB Market
7D	0%	6.9%	0.8%
1Y	-2.5%	0.9%	10.8%

Return vs Industry: 0MHQ underperformed the UK Renewable Energy industry which returned 0.9% over the past year.

Return vs Market: 0MHQ underperformed the UK Market which returned 10.8% over the past year.

Price Volatility

Is 0MHQ's price volatile compared to industry and market?
0MHQ volatility
0MHQ Average Weekly Movement	7.4%
Renewable Energy Industry Average Movement	5.0%
Market Average Movement	4.7%
10% most volatile stocks in GB Market	10.6%
10% least volatile stocks in GB Market	2.6%

Stable Share Price: 0MHQ's share price has been volatile over the past 3 months.

Volatility Over Time: 0MHQ's weekly volatility (7%) has been stable over the past year, but is still higher than 75% of UK stocks.

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, solar photovoltaic (PV), and battery storage 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?
0MHQ fundamental statistics
Market cap	NOK 1.83b
Earnings (TTM)	NOK 178.90m
Revenue (TTM)	NOK 28.70m

10.3x

P/E Ratio

63.9x

P/S Ratio

Is 0MHQ overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
0MHQ income statement (TTM)
Revenue	NOK 28.70m
Cost of Revenue	NOK 5.80m
Gross Profit	NOK 22.90m
Other Expenses	-NOK 156.00m
Earnings	NOK 178.90m

Last Reported Earnings

Mar 31, 2024

Next Earnings Date

Jul 15, 2024

Earnings per share (EPS)	2.72
Gross Margin	79.79%
Net Profit Margin	623.34%
Debt/Equity Ratio	0.2%

How did 0MHQ perform over the long term?

See historical performance and comparison

Dividends

2.7%

Current Dividend Yield

n/a

Payout Ratio

0MHQ Stock Overview

Rewards

Risk Analysis

Magnora ASA Competitors

LSE:DRX

UK£2.1b

AIM:YU.

UK£287.0m

AIM:GOOD

UK£49.5m

LSE:JEL

UK£147.1m

Price History & Performance

Recent News & Updates

New major risk - Revenue and earnings growth

No independent directors

Vinci SA (ENXTPA:DG) signed an agreement to acquire 40% stake in Helios Nordic Energy AB from Magnora ASA (OB:MGN) for NOK 850 million.

Vinci SA (ENXTPA:DG) signed an agreement to acquire 40% stake in Helios Nordic Energy AB from Magnora ASA (OB:MGN) for NOK 850 million.

First quarter 2024 earnings released: kr0.099 loss per share (vs kr0.10 profit in 1Q 2023)

No independent directors

Recent updates

New major risk - Revenue and earnings growth

No independent directors

Vinci SA (ENXTPA:DG) signed an agreement to acquire 40% stake in Helios Nordic Energy AB from Magnora ASA (OB:MGN) for NOK 850 million.

Vinci SA (ENXTPA:DG) signed an agreement to acquire 40% stake in Helios Nordic Energy AB from Magnora ASA (OB:MGN) for NOK 850 million.

First quarter 2024 earnings released: kr0.099 loss per share (vs kr0.10 profit in 1Q 2023)

No independent directors

Magnora ASA Separates Its Legacy Business from Its Renewables Business

Magnora Asa Authorizes Quarterly Cash Distribution, Payable on 2 November 2023

Third quarter 2023 earnings released: kr0.25 loss per share (vs kr0.23 loss in 3Q 2022)

Magnora ASA, Annual General Meeting, Apr 23, 2024

Executive Chairman recently bought kr1.1m worth of stock

New major risk - Revenue and earnings growth

Second quarter 2023 earnings released

Magnora ASA (OB:MGN) commences an Equity Buyback for 6,682,268 shares, representing 10% of its issued share capital, under the authorization approved on April 25, 2023.

Magnora ASA Launches Capital Distribution Program

First quarter 2023 earnings released

First Solar, Inc. (NasdaqGS:FSLR) acquired Evolar AB from Magnora ASA (OB:MGN) for $38 million.

Full year 2022 earnings released: EPS: kr0.21 (vs kr1.11 loss in FY 2021)

Full year 2022 earnings released: EPS: kr0.058 (vs kr1.11 loss in FY 2021)

Magnora ASA to Report Q4, 2023 Results on Feb 13, 2024

Magnora ASA, Annual General Meeting, Apr 25, 2023

No independent directors

Third quarter 2022 earnings released

Magnora ASA announced that it expects to receive NOK 200 million in funding

Second quarter 2022 earnings released

Chief Financial Officer recently bought kr432k worth of stock

First quarter 2022 earnings released: kr0.32 loss per share (vs kr0.14 loss in 1Q 2021)

No independent directors

Magnora ASA (OB:MGN) acquired additional 13.5% minority stake in Evolar AB.

Full year 2021 earnings: EPS in line with expectations, revenues disappoint

Magnora ASA (OB:MGN) acquired a 92% stake in African Green Ventures.

Insider recently bought kr495k worth of stock

Key Executive recently bought kr245k worth of stock

Magnora ASA (OB:MGN) acquired additional 9.3% stake in Evolar AB.

Insider recently bought kr50k worth of stock

Third quarter 2021 earnings released

Executive Chairman recently bought kr2.9m worth of stock

Director recently bought kr76k worth of stock

Magnora ASA (OB:MGN) acquired additional 15% stake in Helios Nordic Energy AB.

Insider recently bought kr202k worth of stock

Second quarter 2021 earnings released: kr0.17 loss per share (vs kr0.23 profit in 2Q 2020)

Magnora ASA (OSE: MGN) acquired an unknown minority stake in Kustvind AB.

Investor sentiment deteriorated over the past week

Chief Executive Officer recently bought kr900k worth of stock

Magnora ASA (OB:MGN) agreed to acquire additional 12.26% minority stake in Evolar AB.

First quarter 2021 earnings released

Executive Vice President of Operations recently bought kr447k worth of stock

Magnora ASA (OB:MGN) entered into agreement to acquire an additional 25% stake in Vindr AB.

Full year 2020 earnings released: EPS kr0.54 (vs kr0.38 in FY 2019)

Revenue beats expectations

Magnora ASA to Report Q4, 2021 Results on Feb 15, 2022

Magnora ASA Updates on Oddeheia and Bjelkeberg Wind Farm Project

Magnora ASA Appoints Peter Nygren as Executive Vice President

Magnora ASA (OB:MGN) entered into an agreement to acquire 25% stake in Helios Nordic Energy AB

Magnora ASA Enters Partnership to Establish Floating Wind Company

Magnora ASA to Report Q3, 2021 Results on Nov 15, 2021

Market pulls back on stock over the past week

Market pulls back on stock over the past week

Market bids up stock over the past week