Magnora (OB:MGN) - Stock Price, News & Analysis

MGN Stock Overview

Operates as a renewable energy development company in Norway, Sweden, and the United States.

MGN fundamental analysis
Snowflake Score
Valuation	6/6
Future Growth	5/6
Past Performance	5/6
Financial Health	3/6
Dividends	0/6

Rewards

Trading at 58.6% below our estimate of its fair value

Earnings are forecast to grow 14.22% per year

Earnings grew by 375.8% over the past year

Trading at good value compared to peers and industry

Analysts in good agreement that stock price will rise by 49.2%

Risk Analysis

High level of non-cash earnings

Does not have meaningful revenue (NOK29M)

Magnora ASA Competitors

Cloudberry Clean Energy

OB:CLOUD

NOK 3.5b

Scatec

OB:SCATC

NOK 13.8b

Elmera Group

OB:ELMRA

NOK 3.5b

Naturel Yenilenebilir Enerji Ticaret Anonim Sirketi

IBSE:NATEN

₺8.0b

Price History & Performance

Summary of all time highs, changes and price drops for Magnora
Historical stock prices
Current Share Price	NOK 27.35
52 Week High	NOK 38.60
52 Week Low	NOK 26.90
Beta	1.11
11 Month Change	-20.26%
3 Month Change	-11.06%
1 Year Change	-2.32%
33 Year Change	61.64%
5 Year Change	293.53%
Change since IPO	-93.92%

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

Shareholder Returns

	MGN	NO Renewable Energy	NO Market
7D	-3.2%	-1.0%	1.5%
1Y	-2.3%	11.2%	7.5%

Return vs Industry: MGN underperformed the Norwegian Renewable Energy industry which returned 11.2% over the past year.

Return vs Market: MGN underperformed the Norwegian Market which returned 7.5% over the past year.

Price Volatility

Is MGN's price volatile compared to industry and market?
MGN volatility
MGN Average Weekly Movement	5.7%
Renewable Energy Industry Average Movement	5.7%
Market Average Movement	5.0%
10% most volatile stocks in NO Market	11.0%
10% least volatile stocks in NO Market	2.7%

Stable Share Price: MGN's share price has been volatile over the past 3 months.

Volatility Over Time: MGN's weekly volatility (6%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
2001	n/a	Erik Sneve	www.magnoraasa.com

Magnora ASA operates as a renewable energy development company in Norway, Sweden, and the United States. The company primarily focuses on developing wind, solar photovoltaic (PV), and battery storage projects. It also hold license agreements with the Dana Western Isles and Shell Penguins.

Magnora ASA Fundamentals Summary

How do Magnora's earnings and revenue compare to its market cap?
MGN fundamental statistics
Market cap	NOK 1.80b
Earnings (TTM)	NOK 178.90m
Revenue (TTM)	NOK 28.70m

10.1x

P/E Ratio

62.7x

P/S Ratio

Is MGN overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
MGN income statement (TTM)
Revenue	NOK 28.70m
Cost of Revenue	NOK 5.80m
Gross Profit	NOK 22.90m
Other Expenses	-NOK 156.00m
Earnings	NOK 178.90m

Last Reported Earnings

Mar 31, 2024

Next Earnings Date

Jul 15, 2024

Earnings per share (EPS)	2.72
Gross Margin	79.79%
Net Profit Margin	623.34%
Debt/Equity Ratio	0.2%

How did MGN perform over the long term?

See historical performance and comparison

Dividends

2.7%

Current Dividend Yield

n/a

Payout Ratio

MGN Stock Overview

Rewards

Risk Analysis

Magnora ASA Competitors

OB:CLOUD

NOK 3.5b

OB:SCATC

NOK 13.8b

OB:ELMRA

NOK 3.5b

IBSE:NATEN

₺8.0b

Price History & Performance

Recent News & Updates

No independent directors

Vinci SA (ENXTPA:DG) signed an agreement to acquire 40% stake in Helios Nordic Energy AB from Magnora ASA (OB:MGN) for NOK 850 million.

Vinci SA (ENXTPA:DG) signed an agreement to acquire 40% stake in Helios Nordic Energy AB from Magnora ASA (OB:MGN) for NOK 850 million.

Concerns Surrounding Magnora's (OB:MGN) Performance

Consensus revenue estimates fall by 61%

No independent directors

Recent updates

No independent directors

Vinci SA (ENXTPA:DG) signed an agreement to acquire 40% stake in Helios Nordic Energy AB from Magnora ASA (OB:MGN) for NOK 850 million.

Vinci SA (ENXTPA:DG) signed an agreement to acquire 40% stake in Helios Nordic Energy AB from Magnora ASA (OB:MGN) for NOK 850 million.

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.