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
| MGN | Industry | Market | |
|---|---|---|---|
| 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
8 months ago | Simply Wall St
Read This Before Judging Magnora ASA's (OB:MGN) ROEValuation
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
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
| Entity | Company |
| Shares | 50,000 |
| Max Price | kr5.50 |
| Entity | Individual |
| Shares | 8,749 |
| Max Price | kr1.50 |
| Entity | Individual |
| Role | Senior Key Executive Advisor to the Board |
| Shares | 8,460 |
| Max Price | kr17.12 |
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
| 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 |
| 4SM | DB (Deutsche Boerse AG) | Yes | Ordinary Shares | DE | EUR | 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 agreemen ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2019/08/19 20:32 |
| End of Day Share Price | 2019/08/19 00:00 |
| Earnings | 2019/03/31 |
| Annual Earnings | 2018/12/31 |
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.