Aega (OB:AEGA) - Share price, News & Analysis

AEGA fundamental analysis
Snowflake Score
Valuation	1/6
Future Growth	0/6
Past Performance	0/6
Financial Health	5/6
Dividends	0/6

AEGA Stock Overview

Aega ASA, a solar utility company, acquires, invests in, and operates solar power plants.

Risk Analysis

Does not have a meaningful market cap (NOK70M)

Shareholders have been diluted in the past year

Does not have meaningful revenue (€2M)

Aega Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Aega
Historical stock prices
Current Share Price	kr1.12
52 Week High	kr3.20
52 Week Low	kr1.04
Beta	0.88
1 Month Change	-13.94%
3 Month Change	-21.18%
1 Year Change	-52.37%
3 Year Change	-24.05%
5 Year Change	-49.37%
Change since IPO	-97.73%

Shareholder Returns

	AEGA	NO Renewable Energy	NO Market
7D	-2.9%	2.9%	3.5%
1Y	-52.4%	-46.3%	16.1%

Return vs Industry: AEGA underperformed the Norwegian Renewable Energy industry which returned -47.5% over the past year.

Return vs Market: AEGA underperformed the Norwegian Market which returned 11.9% over the past year.

Price Volatility

Is AEGA's price volatile compared to industry and market?
AEGA volatility
AEGA Average Weekly Movement	6.7%
Renewable Energy Industry Average Movement	9.7%
Market Average Movement	7.5%
10% most volatile stocks in NO Market	12.6%
10% least volatile stocks in NO Market	4.3%

Stable Share Price: AEGA is not significantly more volatile than the rest of Norwegian stocks over the past 3 months, typically moving +/- 7% a week.

Volatility Over Time: AEGA's weekly volatility (7%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
2011	1	Nils Skaset	https://www.aega.no

Aega ASA, a solar utility company, acquires, invests in, and operates solar power plants. The company was formerly known as Nordic Financials ASA and changed its name to Aega ASA in January 2016. Aega ASA was founded in 2011 and is headquartered in Oslo, Norway.

Aega Fundamentals Summary

How do Aega's earnings and revenue compare to its market cap?
AEGA fundamental statistics
Market Cap	€6.82m
Earnings (TTM)	-€296.39k
Revenue (TTM)	€1.84m

3.7x

P/S Ratio

-23.0x

P/E Ratio

Is AEGA overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report
AEGA income statement (TTM)
Revenue	€1.84m
Cost of Revenue	€0
Gross Profit	€1.84m
Other Expenses	€2.14m
Earnings	-€296.39k

Last Reported Earnings

Dec 31, 2021

Next Earnings Date

May 31, 2022

Earnings per share (EPS)	-0.0047
Gross Margin	100.00%
Net Profit Margin	-16.10%
Debt/Equity Ratio	46.9%

How did AEGA perform over the long term?

See historical performance and comparison

Valuation

Is Aega undervalued compared to its fair value and its price relative to the market?

Valuation Score

1/6

Valuation Score 1/6

Below Fair Value
Significantly Below Fair Value
PE vs Industry
PE vs Market
PEG Ratio
PB vs Industry

0.66x

Price to Book (PB) ratio

Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate AEGA's fair value for valuation analysis.

Significantly Below Fair Value: Insufficient data to calculate AEGA's fair value for valuation analysis.

Price To Earnings Ratio

PE vs Industry: AEGA is unprofitable, so we can't compare its PE Ratio to the European Renewable Energy industry average.

PE vs Market: AEGA 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 AEGA's PEG Ratio to determine if it is good value.

Price to Book Ratio

PB vs Industry: AEGA is good value based on its PB Ratio (0.7x) compared to the NO Renewable Energy industry average (1.5x).

Future Growth

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

Future Growth Score

0/6

Future Growth Score 0/6

Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Future ROE

8.6%

Forecasted Utilities industry annual growth in earnings

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Aega has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.

Past Performance

How has Aega performed over the past 5 years?

Past Performance Score

0/6

Past Performance Score 0/6

Quality Earnings
Growing Profit Margin
Earnings Trend
Accelerating Growth
Earnings vs Industry
High ROE

34.2%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: AEGA is currently unprofitable.

Growing Profit Margin: AEGA is currently unprofitable.

Past Earnings Growth Analysis

Earnings Trend: AEGA is unprofitable, but has reduced losses over the past 5 years at a rate of 34.2% per year.

Accelerating Growth: Unable to compare AEGA's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: AEGA is unprofitable, making it difficult to compare its past year earnings growth to the Renewable Energy industry (42%).

Return on Equity

High ROE: AEGA has a negative Return on Equity (-2.89%), as it is currently unprofitable.

Financial Health

How is Aega's financial position?

Financial Health Score

5/6

Financial Health Score 5/6

Short Term Liabilities
Long Term Liabilities
Debt Level
Reducing Debt
Stable Cash Runway
Forecast Cash Runway

Financial Position Analysis

Short Term Liabilities: AEGA's short term assets (€6.5M) exceed its short term liabilities (€1.3M).

Long Term Liabilities: AEGA's short term assets (€6.5M) do not cover its long term liabilities (€7.9M).

Debt to Equity History and Analysis

Debt Level: AEGA's net debt to equity ratio (5%) is considered satisfactory.

Reducing Debt: AEGA's debt to equity ratio has reduced from 70% to 46.9% over the past 5 years.

Balance Sheet

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: AEGA has sufficient cash runway for more than 3 years based on its current free cash flow.

Forecast Cash Runway: AEGA has sufficient cash runway for more than 3 years if free cash flow continues to grow at historical rates of 13.3% each year

Dividend

What is Aega current dividend yield, its reliability and sustainability?

Dividend Score

0/6

Dividend Score 0/6

Notable Dividend
High Dividend
Stable Dividend
Growing Dividend
Earnings Coverage
Future Dividend Coverage

Dividend Yield vs Market

Notable Dividend: Unable to evaluate AEGA's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate AEGA'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 AEGA's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if AEGA's dividend payments have been increasing.

Earnings Payout to Shareholders

Earnings Coverage: AEGA is not paying a notable dividend for the Norwegian market.

Cash Payout to Shareholders

Cash Flow Coverage: Unable to calculate sustainability of dividends as AEGA has not reported any payouts.

Next Steps

Explore strong dividend paying companies in the Utilities industry.

Management

How experienced are the management team and are they aligned to shareholders interests?

4.4yrs

Average board tenure

CEO

Nils Skaset (47 yo)

2.25yrs

Tenure

€68,082

Compensation

Mr. Nils Petter Skaset serves as the Director at Norsk Solar AS since November 11, 2020. He has been Chief Executive Officer at Aega ASA since 2020 and served as its Interim Chief Executive Officer since F...

CEO Compensation Analysis

Compensation vs Market: Nils's total compensation ($USD71.45K) is below average for companies of similar size in the Norwegian market ($USD331.54K).

Compensation vs Earnings: Nils's compensation has increased whilst the company is unprofitable.

Board Members

Experienced Board: AEGA's board of directors are considered experienced (4.4 years average tenure).

Ownership

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.

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 29.8%.

Data	Last Updated (UTC time)
Company Analysis	2022/05/18 00:00
End of Day Share Price	2022/05/18 00:00
Earnings	2021/12/31
Annual Earnings	2021/12/31