Moreld ASA

OB:MORLD Stock Report

Market Cap: NOK 3.5b

Moreld Valuation

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

Valuation Score

2/6

Valuation Score 2/6

  • Below Future Cash Flow Value

  • Significantly Below Future Cash Flow Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Future Cash Flow Value

What is the Fair Price of MORLD when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Ultimate guide to DCF valuation for stock investing

Learn how to determine fair value like the best investors in the world.

Below Future Cash Flow Value: MORLD (NOK19.56) is trading below our estimate of future cash flow value (NOK107.93)

Significantly Below Future Cash Flow Value: MORLD is trading below future cash flow value by more than 20%.

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for MORLD. This is calculated by dividing MORLD's market cap by their current earnings.
What is MORLD's PE Ratio?
PE Ratio56.5x
EarningsNOK 62.14m
Market CapNOK 3.54b

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for MORLD vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average21.3x
MULTI Multiconsult
17.8x19.38%NOK 4.2b
IWS Integrated Wind Solutions
12.4x12.93%NOK 2.4b
SNTIA Sentia
12.3x0.37%NOK 7.5b
NRC NRC Group
42.6x47.01%NOK 1.4b
MORLD Moreld
56.5x42.76%NOK 3.5b

Price-To-Earnings vs Peers: MORLD is expensive based on its Price-To-Earnings Ratio (56.5x) compared to the peer average (21.3x).

Historical Price to Earnings Ratio

Historical Price to Earnings Ratio compares a stock's price to its earnings over time. Higher ratios indicate that investors are willing to pay more for the stock.

Fetching historical data

Price to Earnings Ratio vs Industry

How does MORLD's PE Ratio compare vs other companies in the European Construction Industry?

4 CompaniesPrice / EarningsEstimated GrowthMarket Cap
MORLD 56.5xIndustry Avg. 14.9xNo. of Companies22PE01020304050+
4 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: MORLD is expensive based on its Price-To-Earnings Ratio (56.5x) compared to the European Construction industry average (14.9x).

Price to Earnings Ratio vs Fair Ratio

What is MORLD'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.

MORLD PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio56.5x
Fair PE Ratio32.3x

Price-To-Earnings vs Fair Ratio: MORLD is expensive based on its Price-To-Earnings Ratio (56.5x) compared to the estimated Fair Price-To-Earnings Ratio (32.3x).

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 MORLD forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentNOK 19.56
NOK 25.50
+30.37%
1.96%NOK 26.00NOK 25.00n/a2
Jun ’27NOK 19.30
NOK 23.50
+21.76%
6.38%NOK 25.00NOK 22.00n/a2
May ’27NOK 19.30
NOK 21.50
+11.40%
2.33%NOK 22.00NOK 21.00n/a2
Apr ’27NOK 17.34
NOK 21.50
+23.99%
2.33%NOK 22.00NOK 21.00n/a2
Mar ’27NOK 16.44
NOK 21.50
+30.78%
2.33%NOK 22.00NOK 21.00n/a2
Feb ’27NOK 16.86
NOK 23.00
+36.42%
8.70%NOK 25.00NOK 21.00n/a2
Jan ’27NOK 18.78
NOK 24.00
+27.80%
4.17%NOK 25.00NOK 23.00n/a2
Dec ’26NOK 17.90
NOK 24.00
+34.08%
4.17%NOK 25.00NOK 23.00n/a2
Nov ’26NOK 17.16
NOK 22.50
+31.12%
2.22%NOK 23.00NOK 22.00n/a2
Oct ’26NOK 17.90
NOK 22.50
+25.70%
2.22%NOK 23.00NOK 22.00n/a2
Sep ’26NOK 18.16
NOK 22.50
+23.90%
2.22%NOK 23.00NOK 22.00n/a2
Aug ’26NOK 19.02
NOK 21.00
+10.41%
9.52%NOK 23.00NOK 19.00n/a2
Jul ’26NOK 15.80
NOK 21.00
+32.91%
9.52%NOK 23.00NOK 19.00n/a2
Jun ’26NOK 13.14
NOK 21.00
+59.82%
9.52%NOK 23.00NOK 19.00NOK 19.302
NOK 25.5
Fair Value
23.3% undervalued intrinsic discount
2
Number of Analysts

Analyst Forecast: Target price is more than 20% higher than the current share price, but there are not enough analysts covering the stock to determine statistical confidence in agreement.

Discover undervalued companies

7D

1Y

7D

1Y

7D

1Y

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/06/10 16:53
End of Day Share Price 2026/06/10 00:00
Earnings2026/03/31
Annual Earnings2025/12/31

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

Moreld ASA is covered by 3 analysts. 2 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Magnus AndersenFearnley Securities
Børge BakkeFearnley Securities
Bård RosefPareto Securities