Cloudberry Clean Energy (OB:CLOUD) - Share price, News & Analysis

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

CLOUD Stock Overview

Cloudberry Clean Energy ASA operates as a renewable energy company.

Rewards

Earnings are forecast to grow 75.46% per year

Revenue grew by 891.7% over the past year

Risk Analysis

Shareholders have been substantially diluted in the past year

Does not have meaningful revenue (NOK36M)

Cloudberry Clean Energy Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Cloudberry Clean Energy
Historical stock prices
Current Share Price	kr16.28
52 Week High	kr19.24
52 Week Low	kr12.20
Beta	1.19
1 Month Change	-6.44%
3 Month Change	16.29%
1 Year Change	29.41%
3 Year Change	n/a
5 Year Change	n/a
Change since IPO	8.55%

Shareholder Returns

	CLOUD	NO Renewable Energy	NO Market
7D	-3.6%	-2.4%	-1.2%
1Y	29.4%	-48.1%	12.6%

Return vs Industry: CLOUD exceeded the Norwegian Renewable Energy industry which returned -48.1% over the past year.

Return vs Market: CLOUD exceeded the Norwegian Market which returned 12.6% over the past year.

Price Volatility

Is CLOUD's price volatile compared to industry and market?
CLOUD volatility
CLOUD Average Weekly Movement	5.8%
Renewable Energy Industry Average Movement	9.5%
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: CLOUD is not significantly more volatile than the rest of Norwegian stocks over the past 3 months, typically moving +/- 6% a week.

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

About the Company

Founded	Employees	CEO	Website
2017	14	Anders Lenborg	https://www.cloudberry.no

Cloudberry Clean Energy ASA operates as a renewable energy company. The company owns, develops, and operates hydropower plants and wind farms in Norway and Sweden. Cloudberry Clean Energy ASA was incorporated in 2017 and is headquartered in Oslo, Norway.

Cloudberry Clean Energy Fundamentals Summary

How do Cloudberry Clean Energy's earnings and revenue compare to its market cap?
CLOUD fundamental statistics
Market Cap	kr3.89b
Earnings (TTM)	-kr63.04m
Revenue (TTM)	kr36.10m

107.7x

P/S Ratio

-61.7x

P/E Ratio

Is CLOUD overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report
CLOUD income statement (TTM)
Revenue	kr36.10m
Cost of Revenue	kr5.45m
Gross Profit	kr30.65m
Other Expenses	kr93.69m
Earnings	-kr63.04m

Last Reported Earnings

Dec 31, 2021

Next Earnings Date

Jun 07, 2022

Earnings per share (EPS)	-0.26
Gross Margin	84.91%
Net Profit Margin	-174.63%
Debt/Equity Ratio	11.5%

How did CLOUD perform over the long term?

See historical performance and comparison

Valuation

Is Cloudberry Clean Energy undervalued compared to its fair value and its price relative to the market?

Valuation Score

0/6

Valuation Score 0/6

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

1.47x

Price to Book (PB) ratio

Share Price vs. Fair Value

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

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

Price To Earnings Ratio

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

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

Price to Book Ratio

PB vs Industry: CLOUD's PB Ratio (1.5x) is in line with the NO Renewable Energy industry average.

Future Growth

How is Cloudberry Clean Energy forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?

Future Growth Score

5/6

Future Growth Score 5/6

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

75.5%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts

Analyst Future Growth Forecasts

Earnings vs Savings Rate: CLOUD is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (1.1%).

Earnings vs Market: CLOUD is forecast to become profitable over the next 3 years, which is considered above average market growth.

High Growth Earnings: CLOUD's is expected to become profitable in the next 3 years.

Revenue vs Market: CLOUD's revenue (46.1% per year) is forecast to grow faster than the Norwegian market (1.5% per year).

High Growth Revenue: CLOUD's revenue (46.1% per year) is forecast to grow faster than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: CLOUD's Return on Equity is forecast to be low in 3 years time (4.6%).

Past Performance

How has Cloudberry Clean Energy 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

-86.1%

Last years earnings growth

Earnings and Revenue History

Quality Earnings: CLOUD is currently unprofitable.

Growing Profit Margin: CLOUD is currently unprofitable.

Past Earnings Growth Analysis

Earnings Trend: Insufficient data to determine if CLOUD's year-on-year earnings growth rate was positive over the past 5 years.

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

Earnings vs Industry: CLOUD is unprofitable, making it difficult to compare its past year earnings growth to the Renewable Energy industry (36.9%).

Return on Equity

High ROE: CLOUD has a negative Return on Equity (-2.39%), as it is currently unprofitable.

Financial Health

How is Cloudberry Clean Energy'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: CLOUD's short term assets (NOK1.4B) exceed its short term liabilities (NOK90.9M).

Long Term Liabilities: CLOUD's short term assets (NOK1.4B) exceed its long term liabilities (NOK391.3M).

Debt to Equity History and Analysis

Debt Level: CLOUD has more cash than its total debt.

Reducing Debt: Insufficient data to determine if CLOUD's debt to equity ratio has reduced 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: CLOUD has sufficient cash runway for more than 3 years based on its current free cash flow.

Forecast Cash Runway: CLOUD has sufficient cash runway for more than 3 years if free cash flow continues to reduce at historical rates of 121.1% each year

Dividend

What is Cloudberry Clean Energy 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 CLOUD's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

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

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

Earnings Payout to Shareholders

Earnings Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.

Cash Payout to Shareholders

Cash Flow Coverage: Unable to calculate sustainability of dividends as CLOUD 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?

2.3yrs

Average management tenure

CEO

Anders Lenborg

4.67yrs

Tenure

Mr. Anders J. Lenborg is the Founder of Cloudberry Clean Energy AS and serves as its Chief Executive Officer since September 2017. Mr. Lenborg has previously been the Head of the Energy Sector Group in DLA...

Leadership Team

Experienced Management: CLOUD's management team is considered experienced (2.3 years average tenure).

Board Members

Experienced Board: CLOUD's board of directors are not considered experienced ( 2.3 years average tenure), which suggests a new board.

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.

Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have been substantially diluted in the past year, with total shares outstanding growing by 127.2%.

Data	Last Updated (UTC time)
Company Analysis	2022/05/15 00:00
End of Day Share Price	2022/05/13 00:00
Earnings	2021/12/31
Annual Earnings	2021/12/31