Magnora ASA

OB:MGN Stock Report

Market Cap: NOK 1.8b

Magnora Management

Management criteria checks 3/4

Magnora's CEO is Erik Sneve, appointed in Apr 2019, has a tenure of 5.67 years. total yearly compensation is NOK7.29M, comprised of 39.6% salary and 60.4% bonuses, including company stock and options. directly owns 1.83% of the company’s shares, worth NOK32.44M. The average tenure of the management team and the board of directors is 3.8 years and 6.6 years respectively.

Key information

Erik Sneve

Chief executive officer

NOK 7.3m

Total compensation

CEO salary percentage39.6%
CEO tenure5.7yrs
CEO ownership1.8%
Management average tenure3.8yrs
Board average tenure6.6yrs

Recent management updates

Recent updates

We Think That There Are Some Issues For Magnora (OB:MGN) Beyond Its Promising Earnings

Oct 24
We Think That There Are Some Issues For Magnora (OB:MGN) Beyond Its Promising Earnings

Concerns Surrounding Magnora's (OB:MGN) Performance

Apr 24
Concerns Surrounding Magnora's (OB:MGN) Performance

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

Sep 03
A Look At The Intrinsic Value Of Magnora ASA (OB:MGN)

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

Aug 13
Bullish: Analysts Just Made A Massive Upgrade To Their Magnora ASA (OB:MGN) Forecasts

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

Aug 20
Does Magnora (OB:MGN) Have A Healthy Balance Sheet?

CEO Compensation Analysis

How has Erik Sneve's remuneration changed compared to Magnora's earnings?
DateTotal CompensationSalaryCompany Earnings
Sep 30 2024n/an/a

NOK 289m

Jun 30 2024n/an/a

NOK 33m

Mar 31 2024n/an/a

NOK 179m

Dec 31 2023NOK 7mNOK 3m

NOK 193m

Sep 30 2023n/an/a

NOK 256m

Jun 30 2023n/an/a

NOK 259m

Mar 31 2023n/an/a

NOK 38m

Dec 31 2022NOK 5mNOK 2m

NOK 13m

Sep 30 2022n/an/a

-NOK 71m

Jun 30 2022n/an/a

-NOK 71m

Mar 31 2022n/an/a

-NOK 73m

Dec 31 2021NOK 5mNOK 2m

-NOK 63m

Sep 30 2021n/an/a

-NOK 27m

Jun 30 2021n/an/a

-NOK 4m

Mar 31 2021n/an/a

NOK 18m

Dec 31 2020NOK 5mNOK 2m

NOK 29m

Sep 30 2020n/an/a

NOK 27m

Jun 30 2020n/an/a

NOK 25m

Mar 31 2020n/an/a

NOK 15m

Dec 31 2019NOK 2mNOK 2m

NOK 20m

Compensation vs Market: Erik's total compensation ($USD643.58K) is about average for companies of similar size in the Norwegian market ($USD533.93K).

Compensation vs Earnings: Erik's compensation has increased by more than 20% in the past year.

CEO

Erik Sneve

5.7yrs

Tenure

NOK 7,291,000

Compensation

Mr. Erik Daylemani Sneve serves as Investment Manager in Energy Future Invest, an investment company focusing on the energy sector. Mr. Sneve work experience includes investment banking, general management...

Leadership Team

NamePositionTenureCompensationOwnership
Torstein Sanness
Executive Chairman7.6yrsNOK 1.21m1.04%
NOK 18.3m
Erik Sneve
Chief Executive Officer5.7yrsNOK 7.29m1.83%
NOK 32.4m
Bard Olsen
Chief Financial Officer5.3yrsNOK 3.38m0.12%
NOK 2.1m
Haakon Alfstad
Executive Vice President of Projects3.8yrsno data0.21%
NOK 3.7m
Emilie Brackman
VP of Offshore Wind & CEO of Magnora Offshore Windno datano data0.0040%
NOK 71.3k
Hanne Wiger
Business Controller1.9yrsno data0.0069%
NOK 122.6k
Trond Gartner
Senior Vice President of Business Development3.2yrsno data0.011%
NOK 191.8k

3.8yrs

Average Tenure

Experienced Management: MGN's management team is considered experienced (3.8 years average tenure).

Board Members

NamePositionTenureCompensationOwnership
Torstein Sanness
Executive Chairman7.6yrsNOK 1.21m1.04%
NOK 18.3m
John Hamilton
Director6yrsNOK 370.00k0.052%
NOK 927.2k
Hilde Adland
Director6.6yrsNOK 310.00k0.060%
NOK 1.1m

6.6yrs

Average Tenure

59yo

Average Age

Experienced Board: MGN's board of directors are considered experienced (6.6 years average tenure).

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/26 03:32
End of Day Share Price 2024/12/23 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

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.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Magnora ASA is covered by 15 analysts. 3 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
John A. OlaisenABG Sundal Collier
Erik TønneArctic Securities ASA
Chr. Frederik LundeCarnegie Investment Bank AB