Magnora ASA

LSE:0MHQ Stock Report

Market Cap: NOK 1.8b

Magnora Valuation

Is 0MHQ undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

6/6

Valuation Score 6/6

  • 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 0MHQ when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 0MHQ (NOK27.65) is trading below our estimate of fair value (NOK98.67)

Significantly Below Fair Value: 0MHQ is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 0MHQ?

Key metric: As 0MHQ is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 0MHQ. This is calculated by dividing 0MHQ's market cap by their current earnings.
What is 0MHQ's PE Ratio?
PE Ratio6.1x
EarningsNOK 288.60m
Market CapNOK 1.77b

Price to Earnings Ratio vs Peers

How does 0MHQ's PE Ratio compare to its peers?

The above table shows the PE ratio for 0MHQ vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average21x
DRX Drax Group
3.6x-31.8%UK£2.3b
JEL Jersey Electricity
11.6xn/aUK£134.8m
YU. Yü Group
7.9x-1.7%UK£303.0m
HRPK 7C Solarparken
60.9x58.7%€152.3m
0MHQ Magnora
6.1x-16.0%NOK 1.8b

Price-To-Earnings vs Peers: 0MHQ is good value based on its Price-To-Earnings Ratio (6.1x) compared to the peer average (21x).

Price to Earnings Ratio vs Industry

How does 0MHQ's PE Ratio compare vs other companies in the European Renewable Energy Industry?

1 CompanyPrice / EarningsEstimated GrowthMarket Cap
0MHQ 6.1xIndustry Avg. 15.6xNo. of Companies9PE01224364860+
1 CompanyEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: 0MHQ is good value based on its Price-To-Earnings Ratio (6.1x) compared to the European Renewable Energy industry average (15.6x).

Price to Earnings Ratio vs Fair Ratio

What is 0MHQ'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.

0MHQ PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio6.1x
Fair PE Ratio12x

Price-To-Earnings vs Fair Ratio: 0MHQ is good value based on its Price-To-Earnings Ratio (6.1x) compared to the estimated Fair Price-To-Earnings Ratio (12x).

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 0MHQ forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentNOK 27.65
NOK 38.93
+40.8%
14.5%NOK 46.19NOK 32.43n/a3
Dec ’25NOK 25.05
NOK 38.77
+54.8%
14.5%NOK 46.08NOK 32.36n/a3
Nov ’25NOK 22.45
NOK 38.72
+72.5%
14.4%NOK 45.77NOK 32.14n/a3
Oct ’25NOK 23.90
NOK 40.96
+71.4%
7.3%NOK 45.01NOK 37.85n/a3
Sep ’25NOK 25.10
NOK 40.96
+63.2%
7.3%NOK 45.01NOK 37.85n/a3
Aug ’25NOK 32.80
NOK 40.96
+24.9%
7.3%NOK 45.01NOK 37.85n/a3
Jul ’25NOK 27.30
NOK 40.79
+49.4%
5.8%NOK 43.78NOK 37.99n/a3
Jun ’25NOK 34.30
NOK 42.11
+22.8%
3.4%NOK 43.23NOK 40.11n/a3
May ’25NOK 30.85
NOK 43.26
+40.2%
5.3%NOK 45.02NOK 40.01n/a3
Apr ’25NOK 30.35
NOK 43.52
+43.4%
7.5%NOK 47.83NOK 39.89n/a3
Mar ’25NOK 30.00
NOK 43.54
+45.1%
7.3%NOK 47.69NOK 39.97n/a3
Feb ’25NOK 29.50
NOK 43.25
+46.6%
5.1%NOK 46.14NOK 40.78n/a3
Jan ’25NOK 33.00
NOK 43.25
+31.1%
5.1%NOK 46.14NOK 40.78n/a3
Dec ’24NOK 30.90
NOK 43.25
+40.0%
5.1%NOK 46.14NOK 40.78NOK 25.053
Nov ’24NOK 32.93
NOK 44.21
+34.3%
5.9%NOK 47.93NOK 42.36NOK 22.453
Oct ’24NOK 36.30
NOK 42.97
+18.4%
8.8%NOK 48.34NOK 40.28NOK 23.903
Sep ’24NOK 38.30
NOK 42.97
+12.2%
8.8%NOK 48.34NOK 40.28NOK 25.103
Aug ’24NOK 29.90
NOK 41.77
+39.7%
8.7%NOK 46.88NOK 38.65NOK 32.803
Jul ’24NOK 28.13
NOK 41.77
+48.5%
8.7%NOK 46.88NOK 38.65NOK 27.303
Jun ’24NOK 28.20
NOK 46.54
+65.1%
10.2%NOK 51.27NOK 40.09NOK 34.303
May ’24NOK 23.50
NOK 43.51
+85.2%
15.1%NOK 49.98NOK 34.50NOK 30.853
Apr ’24NOK 21.40
NOK 43.51
+103.3%
15.1%NOK 49.98NOK 34.50NOK 30.353
Mar ’24NOK 22.75
NOK 47.52
+108.9%
4.9%NOK 49.84NOK 45.20NOK 30.002
Feb ’24NOK 22.87
NOK 47.77
+108.9%
5.3%NOK 50.29NOK 45.26NOK 29.502
Jan ’24NOK 21.20
NOK 47.77
+125.3%
5.3%NOK 50.29NOK 45.26NOK 33.002
Dec ’23NOK 23.50
NOK 47.77
+103.3%
5.3%NOK 50.29NOK 45.26NOK 30.902

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

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/27 06:33
End of Day Share Price 2024/12/23 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

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 here.

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 .

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