OB:MGN

Stock Analysis Report

Executive Summary

Magnora ASA focuses on providing products and services to the energy, offshore, and oil services industries.

Snowflake

Fundamentals

Flawless balance sheet with outstanding track record.

Risks

  • Magnora has significant price volatility in the past 3 months.
  • Magnora is not covered by any analysts.

Share Price & News

How has Magnora's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

-2.3%

OB:MGN

-0.3%

NO Energy Services

0.2%

NO Market


1 Year Return

-60.8%

OB:MGN

-40.3%

NO Energy Services

-14.4%

NO Market

MGN underperformed the Energy Services industry which returned -42% over the past year.

MGN underperformed the Market in Norway which returned -14.3% over the past year.


Share holder returns

MGNIndustryMarket
7 Day-2.3%-0.3%0.2%
30 Day-9.9%-12.6%-3.5%
90 Day-19.6%-24.7%-7.3%
1 Year-8.9%-60.8%-39.1%-40.3%-9.3%-14.4%
3 Year-31.4%-70.5%-4.6%-11.2%39.3%20.8%
5 Year-37.5%-73.1%-52.4%-66.0%38.6%7.0%

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

Valuation

Is Magnora undervalued based on future cash flows and its price relative to the stock market?

4.6x

Price to Earnings (PE) ratio


Intrinsic Value Based on Future Cash Flows

Magnora's share price is above the future cash flow value, it's not available at a moderate discount (< 20%).

Magnora's share price is above the future cash flow value, it's not available at a substantial discount (< 40%).


Price Based on Earnings

Magnora is good value based on earnings compared to the NO Energy Services industry average.

Magnora is good value based on earnings compared to the Norway market.


Price Based on Expected Growth

Unable to calculate PEG ratio for Magnora, we can't assess if its growth is good value.


Price Based on Value of Assets

Magnora is overvalued based on assets compared to the NO Energy Services industry average.


Next Steps

Future Growth

How is Magnora expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

-45.9%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

Unable to determine if Magnora is high growth as no revenue estimate data is available.

Magnora's earnings are expected to decrease over the next 1-3 years, this is not considered high growth.

Unable to compare Magnora's revenue growth to the Norway market average as no estimate data is available.

Magnora's earnings are expected to decrease over the next 1-3 years, this is below the Norway market average.

Magnora's earnings are expected to decrease over the next 1-3 years, this is below the low risk savings rate of 1.8%.


Earnings per Share Growth Estimates


Future Return on Equity

Unable to establish if Magnora will efficiently use shareholders’ funds in the future without estimates of Return on Equity.


Next Steps

Past Performance

How has Magnora performed over the past 5 years?

21.7%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Magnora has delivered over 20% year on year earnings growth in the past 5 years.

Magnora's 1-year earnings growth exceeds its 5-year average (80.1% vs 21.7%)

Magnora's earnings growth has exceeded the NO Energy Services industry average in the past year (80.1% vs -17.7%).


Return on Equity

Magnora made outstanding use of shareholders’ funds last year (Return on Equity greater than 40%).


Return on Assets

Magnora used its assets more efficiently than the NO Energy Services industry average last year based on Return on Assets.


Return on Capital Employed

Magnora has become profitable over the past 3 years. This is considered to be a significant improvement in its use of capital (Return on Capital Employed).


Next Steps

Financial Health

How is Magnora's financial position?


Financial Position Analysis

Magnora is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.

Magnora has no long term commitments.


Debt to Equity History and Analysis

Magnora has no debt.

Magnora currently has no debt however we can't compare to 5 years ago as we have no data for that period.

Magnora has no debt, it does not need to be covered by operating cash flow.

Magnora has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet

Low level of unsold assets.

Magnora has no debt, it does not need to be covered by short term assets.


Next Steps

Dividend

What is Magnora's current dividend yield, its reliability and sustainability?


Dividend Yield and Payments Analysis

Unable to evaluate Magnora's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.

Unable to evaluate Magnora's dividend against the top 25% market benchmark as the company has not reported any payouts.

Unable to perform a dividend volatility check as Magnora has not reported any payouts.

Unable to verify if Magnora's dividend has been increasing as the company has not reported any payouts.


Current Payout to Shareholders

Unable to calculate sustainability of dividends as Magnora has not reported any payouts.


Future Payout to Shareholders

Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.


Next Steps

Management

What is the CEO of Magnora's salary, the management and board of directors tenure and is there insider trading?

0.8yrs

Average board tenure


CEO

Erik Sneve 0

0.3yrs

Tenure

0

Erik Sneve serves as Acting Chief Executive Officer at Magnora ASA since April 17, 2019. 


Board Age and Tenure

0.8yrs

Average Tenure

54yo

Average Age

The average tenure for the Magnora board of directors is less than 3 years, this suggests a new board.


Insider Trading

No 3 month open market individual insider trading information.


Recent Insider Transactions

Buykr275,00003 Dec 18
Bekkestua Eiendom AS
EntityCompany
Shares50,000
Max Pricekr5.50
Buykr13,12320 Nov 18
Kathryn Baker
EntityIndividual
Shares8,749
Max Pricekr1.50
Sellkr144,82727 Sep 18
Reese McNeel
EntityIndividual
Role
Senior Key Executive
Advisor to the Board
Shares8,460
Max Pricekr17.12

Ownership Breakdown


Management Team

  • Torstein Sanness (72yo)

    Executive Chairman

    • Tenure: 0.8yrs
  • Aslak Hjelde (66yo)

    Managing Director

    • Tenure: 0.0yrs
    • Compensation: kr300.00k
  • Reese McNeel (42yo)

    Advisor to the Board

    • Tenure: 0.3yrs
    • Compensation: kr3.13m
  • Cecilie Wiese-Hansen

    Group Business Controller

    • Tenure: 0.0yrs
  • Erik Sneve

    Acting Chief Executive Officer

    • Tenure: 0.3yrs

Board Members

  • Torstein Sanness (72yo)

    Executive Chairman

    • Tenure: 0.8yrs
  • John Hamilton (54yo)

    Director

    • Tenure: 0.7yrs
  • Hilde Ådland (52yo)

    Director

    • Tenure: 1.3yrs

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: kr333.926m
  • Shares outstanding: 52.59m
  • Website: https://magnoraasa.com

Number of Employees


Location

  • Magnora ASA
  • Lysaker Torg 12
  • Lysaker
  • Akershus
  • 1366
  • Norway

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
MGNOB (Oslo Bors)YesOrdinary SharesNONOKJul 2004
SVMR.FOTCPK (Pink Sheets LLC)YesOrdinary SharesUSUSDJul 2004
4SMDB (Deutsche Boerse AG)YesOrdinary SharesDEEURJul 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 agreemen ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/08/19 20:32
End of Day Share Price2019/08/19 00:00
Earnings2019/03/31
Annual Earnings2018/12/31


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.