Magnora Past Earnings Performance

Past criteria checks 5/6

Magnora has been growing earnings at an average annual rate of 30.1%, while the Energy Services industry saw earnings growing at 30.2% annually. Revenues have been growing at an average rate of 34.7% per year. Magnora's return on equity is 30.5%, and it has net margins of 623.3%.

Key information

30.1%

Earnings growth rate

23.1%

EPS growth rate

Energy Services Industry Growth	25.6%
Revenue growth rate	34.7%
Return on equity	30.5%
Net Margin	623.3%
Next Earnings Update	15 Jul 2024

Recent past performance updates

Concerns Surrounding Magnora's (OB:MGN) Performance

Apr 24

Recent updates

Concerns Surrounding Magnora's (OB:MGN) Performance

Apr 24

A Look At The Intrinsic Value Of Magnora ASA (OB:MGN)

Sep 03

Bullish: Analysts Just Made A Massive Upgrade To Their Magnora ASA (OB:MGN) Forecasts

Aug 13

Trade Alert: The Chief Executive Officer Of Magnora ASA (OB:MGN), Erik Sneve, Has Just Spent kr533k Buying 4.1% More Shares

Nov 23

Revenue & Expenses Breakdown
Beta

How Magnora makes and spends money. Based on latest reported earnings, on an LTM basis.

Earnings and Revenue History

OB:MGN Revenue, expenses and earnings (NOK Millions)
Date	Revenue	Earnings	G+A Expenses	R&D Expenses
31 Mar 24	29	179	40	-3
31 Dec 23	25	193	40	0
30 Sep 23	335	251	29	8
30 Jun 23	325	253	29	5
31 Mar 23	99	38	29	8
31 Dec 22	92	13	29	0
30 Sep 22	16	-71	19	30
30 Jun 22	17	-71	19	21
31 Mar 22	14	-73	19	10
31 Dec 21	15	-63	19	0
30 Sep 21	18	-27	12	14
30 Jun 21	22	-4	12	8
31 Mar 21	25	18	12	0
31 Dec 20	28	29	12	0
30 Sep 20	31	27	11	2
30 Jun 20	33	25	11	2
31 Mar 20	37	15	11	0
31 Dec 19	42	20	11	0
30 Sep 19	47	73	14	0
30 Jun 19	51	70	14	0
31 Mar 19	56	73	14	0
31 Dec 18	70	87	14	0
30 Sep 18	60	27	7	0
30 Jun 18	46	3	7	0
31 Mar 18	19	40	7	0
31 Dec 17	3	6	7	0
30 Sep 17	18	-1	91	0
30 Jun 17	40	17	91	0
31 Mar 17	86	-151	91	0
31 Dec 16	117	-241	91	0
30 Sep 16	-97	-268	120	0
30 Jun 16	55	-349	126	0
31 Mar 16	149	-545	124	0
31 Dec 15	250	-514	133	0
30 Sep 15	666	-580	278	0
30 Jun 15	640	-447	257	0
31 Mar 15	751	-131	263	0
31 Dec 14	766	-70	244	0
30 Sep 14	697	35	250	0
30 Jun 14	671	53	239	0
31 Mar 14	645	195	233	0
31 Dec 13	623	186	236	0
30 Sep 13	650	-84	149	0
30 Jun 13	627	-77	151	0

Quality Earnings: MGN has a high level of non-cash earnings.

Growing Profit Margin: MGN's current net profit margins are higher than last year (38%).

Free Cash Flow vs Earnings Analysis

Past Earnings Growth Analysis

Earnings Trend: MGN has become profitable over the past 5 years, growing earnings by 30.1% per year.

Accelerating Growth: MGN's earnings growth over the past year (375.8%) exceeds its 5-year average (30.1% per year).

Earnings vs Industry: MGN earnings growth over the past year (375.8%) exceeded the Energy Services industry 36%.

Magnora Past Earnings Performance

Past criteria checks 5/6

Key information

Recent past performance updates

Concerns Surrounding Magnora's (OB:MGN) Performance

Third quarter 2023 earnings: EPS and revenues miss analyst expectations

Second quarter 2023 earnings: Revenues miss analyst expectations

First quarter 2023 earnings: EPS and revenues exceed analyst expectations

Full year 2022 earnings released: EPS: kr0.21 (vs kr1.11 loss in FY 2021)

Full year 2022 earnings released: EPS: kr0.058 (vs kr1.11 loss in FY 2021)

Recent updates

Concerns Surrounding Magnora's (OB:MGN) Performance

Consensus revenue estimates fall by 61%

No independent directors

Magnora ASA Separates Its Legacy Business from Its Renewables Business

Consensus revenue estimates fall by 14%

Magnora Asa Authorizes Quarterly Cash Distribution, Payable on 2 November 2023

Third quarter 2023 earnings: EPS and revenues miss analyst expectations

Magnora ASA, Annual General Meeting, Apr 23, 2024

A Look At The Intrinsic Value Of Magnora ASA (OB:MGN)

Executive Chairman recently bought kr1.1m worth of stock

New major risk - Revenue and earnings growth

Second quarter 2023 earnings: Revenues miss analyst expectations

Bullish: Analysts Just Made A Massive Upgrade To Their Magnora ASA (OB:MGN) Forecasts

Consensus revenue estimates increase by 33%

Magnora ASA (OB:MGN) commences an Equity Buyback for 6,682,268 shares, representing 10% of its issued share capital, under the authorization approved on April 25, 2023.

Magnora ASA Launches Capital Distribution Program

Consensus revenue estimates fall by 46%

First quarter 2023 earnings: EPS and revenues exceed analyst expectations

First Solar, Inc. (NasdaqGS:FSLR) acquired Evolar AB from Magnora ASA (OB:MGN) for $38 million.

Full year 2022 earnings released: EPS: kr0.21 (vs kr1.11 loss in FY 2021)

Consensus revenue estimates decrease by 32%

Full year 2022 earnings released: EPS: kr0.058 (vs kr1.11 loss in FY 2021)

Magnora ASA to Report Q4, 2023 Results on Feb 13, 2024

Magnora ASA, Annual General Meeting, Apr 25, 2023

No independent directors

Third quarter 2022 earnings released

Magnora ASA announced that it expects to receive NOK 200 million in funding

Does Magnora (OB:MGN) Have A Healthy Balance Sheet?

Second quarter 2022 earnings: Revenues exceed analyst expectations

Chief Financial Officer recently bought kr432k worth of stock

First quarter 2022 earnings: EPS and revenues miss analyst expectations

No independent directors

Magnora ASA (OB:MGN) acquired additional 13.5% minority stake in Evolar AB.

Full year 2021 earnings: EPS exceeds analyst expectations while revenues lag behind

Magnora ASA (OB:MGN) acquired a 92% stake in African Green Ventures.

Insider recently bought kr495k worth of stock

Key Executive recently bought kr245k worth of stock

Magnora ASA (OB:MGN) acquired additional 9.3% stake in Evolar AB.

Insider recently bought kr50k worth of stock

Third quarter 2021 earnings released

Executive Chairman recently bought kr2.9m worth of stock

Director recently bought kr76k worth of stock

Magnora ASA (OB:MGN) acquired additional 15% stake in Helios Nordic Energy AB.

Insider recently bought kr202k worth of stock

Second quarter 2021 earnings released: kr0.17 loss per share (vs kr0.23 profit in 2Q 2020)

Magnora ASA (OSE: MGN) acquired an unknown minority stake in Kustvind AB.

Chief Executive Officer recently bought kr900k worth of stock

Investor sentiment deteriorated over the past week

Magnora ASA (OB:MGN) agreed to acquire additional 12.26% minority stake in Evolar AB.

First quarter 2021 earnings released

Executive Vice President of Operations recently bought kr447k worth of stock

Investor sentiment deteriorated over the past week

Full year 2020 earnings released: EPS kr0.54 (vs kr0.38 in FY 2019)

New 90-day high: kr29.80

Analysts lower revenue estimates to kr108.3m

Magnora ASA (OB:MGN) entered into agreement to acquire an additional 25% stake in Vindr AB.

Full year 2020 earnings released: EPS kr0.54 (vs kr0.38 in FY 2019)

Revenue and earnings beat expectations

Magnora ASA to Report Q4, 2021 Results on Feb 15, 2022

Magnora ASA Updates on Oddeheia and Bjelkeberg Wind Farm Project

Magnora ASA Appoints Peter Nygren as Executive Vice President

Magnora ASA (OB:MGN) entered into an agreement to acquire 25% stake in Helios Nordic Energy AB

New 90-day high: kr28.60

Investor sentiment improved over the past week

Is Magnora (OB:MGN) A Future Multi-bagger?

Magnora ASA Enters Partnership to Establish Floating Wind Company

Do Insiders Own Lots Of Shares In Magnora ASA (OB:MGN)?

Magnora ASA to Report Q3, 2021 Results on Nov 15, 2021

New 90-day high: kr28.00

Revenue & Expenses Breakdown
Beta