MGN Stock Overview
Magnora ASA operates as a renewable energy development company.
Price History & Performance
|Historical stock prices|
|Current Share Price||kr17.92|
|52 Week High||kr25.50|
|52 Week Low||kr14.54|
|1 Month Change||-18.17%|
|3 Month Change||-7.44%|
|1 Year Change||-17.61%|
|3 Year Change||125.41%|
|5 Year Change||27.09%|
|Change since IPO||-96.02%|
Recent News & Updates
|MGN||NO Energy Services||NO Market|
Return vs Industry: MGN underperformed the Norwegian Energy Services industry which returned 16.3% over the past year.
Return vs Market: MGN underperformed the Norwegian Market which returned 12.6% over the past year.
|MGN Average Weekly Movement||7.9%|
|Energy Services Industry Average Movement||8.4%|
|Market Average Movement||7.4%|
|10% most volatile stocks in NO Market||12.4%|
|10% least volatile stocks in NO Market||4.2%|
Stable Share Price: MGN is not significantly more volatile than the rest of Norwegian stocks over the past 3 months, typically moving +/- 8% a week.
Volatility Over Time: MGN's weekly volatility (8%) has been stable over the past year.
About the Company
Magnora ASA operates as a renewable energy development company. It primarily focuses on developing wind and solar PV projects. The company also hold license agreements with the Dana Western Isles and Shell Penguins FPSO.
Magnora Fundamentals Summary
|MGN fundamental statistics|
Is MGN overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|MGN income statement (TTM)|
|Cost of Revenue||kr1.70m|
Last Reported Earnings
Mar 31, 2022
Next Earnings Date
Aug 09, 2022
|Earnings per share (EPS)||-1.28|
|Net Profit Margin||-539.26%|
How did MGN perform over the long term?See historical performance and comparison
Is Magnora undervalued compared to its fair value and its price relative to the market?
Valuation Score 2/6
Below Fair Value
Significantly Below Fair Value
PE vs Industry
PE vs Market
PB vs Industry
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: MGN (NOK17.92) is trading below our estimate of fair value (NOK315.95)
Significantly Below Fair Value: MGN is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: MGN is unprofitable, so we can't compare its PE Ratio to the Norwegian Energy Services industry average.
PE vs Market: MGN is unprofitable, so we can't compare its PE Ratio to the Norwegian market.
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 (6.7x) compared to the NO Energy Services industry average (0.8x).
How is Magnora forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?
Future Growth Score6/6
Future Growth Score 6/6
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: MGN is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (1.1%).
Earnings vs Market: MGN is forecast to become profitable over the next 3 years, which is considered above average market growth.
High Growth Earnings: MGN's is expected to become profitable in the next 3 years.
Revenue vs Market: MGN's revenue (30.6% per year) is forecast to grow faster than the Norwegian market (1.7% per year).
High Growth Revenue: MGN's revenue (30.6% per year) is forecast to grow faster than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: MGN's Return on Equity is forecast to be high in 3 years time (24.5%)
How has Magnora performed over the past 5 years?
Past Performance Score0/6
Past Performance Score 0/6
Growing Profit Margin
Earnings vs Industry
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: MGN is currently unprofitable.
Growing Profit Margin: MGN is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: MGN is unprofitable, and losses have increased over the past 5 years at a rate of 7.4% per year.
Accelerating Growth: Unable to compare MGN's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: MGN is unprofitable, making it difficult to compare its past year earnings growth to the Energy Services industry (-29.4%).
Return on Equity
High ROE: MGN has a negative Return on Equity (-40.89%), as it is currently unprofitable.
How is Magnora's financial position?
Financial Health Score4/6
Financial Health Score 4/6
Short Term Liabilities
Long Term Liabilities
Stable Cash Runway
Forecast Cash Runway
Financial Position Analysis
Short Term Liabilities: MGN's short term assets (NOK95.6M) exceed its short term liabilities (NOK9.1M).
Long Term Liabilities: MGN's short term assets (NOK95.6M) exceed its long term liabilities (NOK2.8M).
Debt to Equity History and Analysis
Debt Level: MGN is debt free.
Reducing Debt: MGN had no debt 5 years ago.
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: Insufficient data to determine if MGN has enough cash runway based on its current free cash flow.
Forecast Cash Runway: Insufficient data to determine if MGN has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.
What is Magnora current dividend yield, its reliability and sustainability?
Dividend Score 0/6
Future Dividend Coverage
Dividend Yield vs Market
Notable Dividend: Unable to evaluate MGN's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate MGN's dividend yield against the top 25% of dividend payers, as the company has not reported any recent 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.
Earnings Payout to Shareholders
Earnings Coverage: MGN is not paying a notable dividend for the Norwegian market.
Cash Payout to Shareholders
Cash Flow Coverage: Unable to calculate sustainability of dividends as MGN has not reported any payouts.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Mr. Erik Sneve serves as Chief Executive Officer of Magnora ASA and served as its Acting Chief Executive Officer since April 16, 2019.
CEO Compensation Analysis
Compensation vs Market: Erik's total compensation ($USD488.75K) is above average for companies of similar size in the Norwegian market ($USD357.74K).
Compensation vs Earnings: Erik's compensation has been consistent with company performance over the past year.
Experienced Management: MGN's management team is not considered experienced ( 1.3 years average tenure), which suggests a new team.
Experienced Board: MGN's board of directors are considered experienced (4 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Magnora ASA's employee growth, exchange listings and data sources
- Name: Magnora ASA
- Ticker: MGN
- Exchange: OB
- Founded: 2001
- Industry: Oil and Gas Equipment and Services
- Sector: Energy
- Implied Market Cap: kr1.021b
- Shares outstanding: 57.00m
- Website: https://www.magnoraasa.com
Number of Employees
- Magnora ASA
- Karenslyst Allé 2
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2022/05/14 00:00|
|End of Day Share Price||2022/05/13 00:00|
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.