Executive Summary
Magnora ASA focuses on providing products and services to the energy, offshore, and oil services industries.
Risk Analysis
Snowflake Analysis
Excellent balance sheet with poor track record.
Share Price & News
How has Magnora's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: MGN has not had significant price volatility in the past 3 months.
Market Performance
7 Day Return
0%
MGN
-9.0%
NO Energy Services
-5.1%
NO Market
1 Year Return
22.3%
MGN
-32.2%
NO Energy Services
-5.6%
NO Market
Return vs Industry: MGN exceeded the Norwegian Energy Services industry which returned -32.2% over the past year.
Return vs Market: MGN exceeded the Norwegian Market which returned -5.6% over the past year.
Shareholder returns
| MGN | Industry | Market | |
|---|---|---|---|
| 7 Day | 0% | -9.0% | -5.1% |
| 30 Day | 9.0% | -17.6% | -5.3% |
| 90 Day | 14.9% | -19.6% | -3.2% |
| 1 Year | 41.3%22.3% | -30.2%-32.2% | -0.7%-5.6% |
| 3 Year | 30.8%-43.7% | -28.1%-33.0% | 25.1%9.4% |
| 5 Year | -0.7%-57.3% | -18.1%-48.5% | 52.3%18.3% |
Price Volatility Vs. Market
How volatile is Magnora's share price compared to the market and industry in the last 5 years?
Simply Wall St News
3 months ago | Simply Wall St
Does Magnora ASA (OB:MGN) Have A Volatile Share Price?1 year ago | Simply Wall St
Read This Before Judging Magnora ASA's (OB:MGN) ROEValuation
Is Magnora undervalued compared to its fair value and its price relative to the market?
20.99x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: MGN (NOK8.5) is trading above our estimate of fair value (NOK1.02)
Significantly Below Fair Value: MGN is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: MGN is poor value based on its PE Ratio (21x) compared to the Energy Services industry average (9.8x).
PE vs Market: MGN is poor value based on its PE Ratio (21x) compared to the Norwegian market (14.4x).
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate MGN's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: MGN is overvalued based on its PB Ratio (4.2x) compared to the NO Energy Services industry average (0.5x).
Next Steps
Future Growth
How is Magnora forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
40.0%
Forecasted Energy industry annual growth in earnings
In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Magnora has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.
This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.
Next Steps
- Examine Magnora's financial health to determine how well-positioned it is against times of financial stress by looking at its level of debt over time and how much cash it has left.
- Magnora competitive advantages and company strategy can generally be found in its financial reports archived here.
- Explore growth companies in the Energy industry.
Past Performance
How has Magnora performed over the past 5 years?
61.4%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: MGN has a high level of non-cash earnings.
Growing Profit Margin: MGN's current net profit margins (51.2%) are lower than last year .
Past Earnings Growth Analysis
Earnings Trend: MGN has become profitable over the past 5 years, growing earnings by 61.4% per year.
Accelerating Growth: MGN's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: MGN had negative earnings growth (-75.6%) over the past year, making it difficult to compare to the Energy Services industry average (-44.4%).
Return on Equity
High ROE: MGN's Return on Equity (19.9%) is considered low.
Return on Assets
Return on Capital Employed
Next Steps
Financial Health
How is Magnora's financial position?
Financial Position Analysis
Short Term Liabilities: MGN's short term assets (NOK73.4M) exceed its short term liabilities (NOK7.8M).
Long Term Liabilities: MGN's short term assets (NOK73.4M) do not cover its long term liabilities (NOK-100.0K).
Debt to Equity History and Analysis
Debt Level: MGN is debt free.
Reducing Debt: MGN had no debt 5 years ago.
Balance Sheet
Inventory Level: MGN has a low level of unsold assets or inventory.
Debt Coverage by Assets: Insufficient data to determine if MGN's debt is covered by short term assets.
Cash Runway Analysis
For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: MGN is profitable, therefore cash runway is not a concern.
Forecast Cash Runway: MGN is profitable, therefore cash runway is not a concern.
Next Steps
Dividend
What is Magnora's current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: Unable to evaluate MGN's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.
High Dividend: Unable to evaluate MGN's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if MGN's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if MGN's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: MGN is not paying a notable dividend for the Norwegian market.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of MGN's dividend in 3 years as they are not forecast to pay a notable one for the Norwegian market.
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
1.3yrs
Average board tenure
CEO
Erik Sneve 0
0.8yrs
Tenure
Erik Sneve serves as Chief Executive Officer of Magnora ASA and served as its Acting Chief Executive Officer since April 17, 2019.
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Executive Chairman | 1.3yrs | no data | no data | |
| Director | 1.2yrs | no data | no data | |
| Director | 1.8yrs | no data | no data |
1.3yrs
Average Tenure
54yo
Average Age
Experienced Board: MGN's board of directors are not considered experienced ( 1.3 years average tenure), which suggests a new board.
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: MGN insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
Company Information
Magnora ASA's company bio, employee growth, exchange listings and data sources
Key Information
- Name: Magnora ASA
- Ticker: MGN
- Exchange: OB
- Founded: 2001
- Industry: Oil and Gas Equipment and Services
- Sector: Energy
- Market Cap: kr446.895m
- Shares outstanding: 52.58m
- Website: https://magnoraasa.com
Number of Employees
Location
- Magnora ASA
- Lysaker Torg 12
- Lysaker
- Akershus
- 1366
- Norway
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| MGN | OB (Oslo Bors) | Yes | Ordinary Shares | NO | NOK | Jul 2004 |
| SVMR.F | OTCPK (Pink Sheets LLC) | Yes | Ordinary Shares | US | USD | Jul 2004 |
| 0MHQ | LSE (London Stock Exchange) | Yes | Ordinary Shares | GB | NOK | Jul 2004 |
| 4SM | DB (Deutsche Boerse AG) | Yes | Ordinary Shares | DE | EUR | Jul 2004 |
| MGNO | BATS-CHIXE (BATS 'Chi-X Europe') | Yes | Ordinary Shares | GB | NOK | Jul 2004 |
Biography
Magnora ASA focuses on providing products and services to the energy, offshore, and oil services industries. It primarily focuses on managing the Dana Western Isles and Shell Penguins FPSO license agreements. The company was formerly known as Sevan Marine ASA and changed its name to Magnora ASA in October 2018. Magnora ASA was founded in 2001 and is based in Lysaker, Norway.
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/02/26 20:32 |
| End of Day Share Price | 2020/02/26 00:00 |
| Earnings | 2019/12/31 |
| Annual Earnings | 2019/12/31 |
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.