Scatec ASA

LSE:0R3I Stock Report

Market Cap: NOK 16.7b

Scatec Valuation

Is 0R3I 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 0R3I when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: Insufficient data to calculate 0R3I's fair value for valuation analysis.

Significantly Below Fair Value: Insufficient data to calculate 0R3I's fair value for valuation analysis.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 0R3I?

Key metric: As 0R3I is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 0R3I. This is calculated by dividing 0R3I's market cap by their current earnings.
What is 0R3I's PE Ratio?
PE Ratio6.7x
EarningsNOK 2.51b
Market CapNOK 16.72b

Price to Earnings Ratio vs Peers

How does 0R3I's PE Ratio compare to its peers?

The above table shows the PE ratio for 0R3I vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average11.9x
DRX Drax Group
6x-19.77%UK£2.4b
TEP Telecom Plus
19.2x8.61%UK£1.5b
YU. Yü Group
7x6.24%UK£246.8m
600821 NYOCOR
15.3x17.92%CN¥11.6b
0R3I Scatec
6.7x-23.87%NOK 16.7b

Price-To-Earnings vs Peers: 0R3I is good value based on its Price-To-Earnings Ratio (6.7x) compared to the peer average (11.9x).

Price to Earnings Ratio vs Industry

How does 0R3I's PE Ratio compare vs other companies in the European Renewable Energy Industry?

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
0R3I 6.7xIndustry Avg. 16.6xNo. of Companies7PE01224364860+
0 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: 0R3I is good value based on its Price-To-Earnings Ratio (6.7x) compared to the European Renewable Energy industry average (16.6x).

Price to Earnings Ratio vs Fair Ratio

What is 0R3I'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.

0R3I PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio6.7x
Fair PE Ratio7x

Price-To-Earnings vs Fair Ratio: 0R3I is good value based on its Price-To-Earnings Ratio (6.7x) compared to the estimated Fair Price-To-Earnings Ratio (7x).

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 0R3I forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentNOK 104.57
NOK 117.33
+12.21%
7.42%NOK 135.00NOK 108.00n/a6
Oct ’26NOK 99.85
NOK 117.33
+17.51%
7.42%NOK 135.00NOK 108.00n/a6
Sep ’26NOK 104.45
NOK 116.00
+11.06%
8.46%NOK 135.00NOK 105.00n/a6
Aug ’26NOK 103.45
NOK 104.14
+0.67%
10.08%NOK 120.00NOK 85.00n/a7
Jul ’26NOK 93.07
NOK 101.71
+9.28%
8.14%NOK 110.00NOK 85.00n/a7
Jun ’26NOK 87.21
NOK 100.25
+14.95%
8.64%NOK 110.00NOK 85.00n/a8
May ’26NOK 79.05
NOK 97.88
+23.81%
7.38%NOK 105.00NOK 85.00n/a8
Apr ’26NOK 77.74
NOK 99.50
+27.99%
6.26%NOK 106.00NOK 90.00n/a8
Mar ’26NOK 80.95
NOK 99.50
+22.92%
6.26%NOK 106.00NOK 90.00n/a8
Feb ’26NOK 78.79
NOK 99.00
+25.64%
6.47%NOK 105.00NOK 86.00n/a8
Jan ’26NOK 79.05
NOK 98.86
+25.06%
6.70%NOK 106.00NOK 86.00n/a7
Dec ’25NOK 79.90
NOK 98.86
+23.73%
6.70%NOK 106.00NOK 86.00n/a7
Nov ’25NOK 81.99
NOK 96.43
+17.61%
9.06%NOK 110.00NOK 80.00n/a7
Oct ’25NOK 82.55
NOK 94.43
+14.38%
7.53%NOK 103.00NOK 80.00NOK 99.857
Sep ’25NOK 80.05
NOK 95.43
+19.21%
7.68%NOK 103.00NOK 80.00NOK 104.457
Aug ’25NOK 88.95
NOK 94.57
+6.32%
10.69%NOK 105.00NOK 72.00NOK 103.457
Jul ’25NOK 86.35
NOK 93.71
+8.52%
10.53%NOK 105.00NOK 72.00NOK 93.077
Jun ’25NOK 86.32
NOK 91.86
+6.41%
9.50%NOK 100.00NOK 72.00NOK 87.217
May ’25NOK 80.09
NOK 91.14
+13.80%
9.75%NOK 100.00NOK 72.00NOK 79.057
Apr ’25NOK 72.15
NOK 92.71
+28.50%
12.56%NOK 110.00NOK 72.00NOK 77.747
Mar ’25NOK 67.44
NOK 93.29
+38.32%
12.59%NOK 110.00NOK 72.00NOK 80.957
Feb ’25NOK 76.61
NOK 94.43
+23.25%
11.60%NOK 110.00NOK 72.00NOK 78.797
Jan ’25NOK 82.01
NOK 95.57
+16.54%
13.33%NOK 110.00NOK 70.00NOK 79.057
Dec ’24NOK 71.34
NOK 94.43
+32.36%
16.01%NOK 110.00NOK 62.00NOK 79.907
Nov ’24NOK 55.55
NOK 97.43
+75.39%
19.54%NOK 115.00NOK 55.00NOK 81.997
Oct ’24NOK 63.00
NOK 99.63
+58.13%
14.61%NOK 115.00NOK 65.00NOK 82.558
NOK 116.63
Fair Value
10.3% undervalued intrinsic discount
6
Number of Analysts

Analyst Forecast: Target price is less than 20% higher than the current share price.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/10/13 07:01
End of Day Share Price 2025/10/13 00:00
Earnings2025/06/30
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. 6 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
Manuel PalomoBNP Paribas Exane
Eivind GarvikCarnegie Investment Bank AB