Executive Summary
Scatec ASA, together with its subsidiaries, operates as a renewable power producer worldwide. More Details
Rewards
Risk Analysis
Snowflake Analysis
High growth potential with imperfect balance sheet.
Similar Companies
Share Price & News
How has Scatec's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: SCATC is more volatile than 75% of Norwegian stocks over the past 3 months, typically moving +/- 9% a week.
Volatility Over Time: SCATC's weekly volatility (9%) has been stable over the past year, but is still higher than 75% of Norwegian stocks.
Market Performance
7 Day Return
0.5%
SCATC
0.5%
NO Renewable Energy
-0.6%
NO Market
1 Year Return
42.3%
SCATC
32.6%
NO Renewable Energy
34.9%
NO Market
Return vs Industry: SCATC exceeded the Norwegian Renewable Energy industry which returned 32.6% over the past year.
Return vs Market: SCATC exceeded the Norwegian Market which returned 35.1% over the past year.
Shareholder returns
| SCATC | Industry | Market | |
|---|---|---|---|
| 7 Day | 0.5% | 0.5% | -0.6% |
| 30 Day | 10.7% | 10.0% | 5.4% |
| 90 Day | -16.1% | -17.0% | 2.8% |
| 1 Year | 43.7%42.3% | 36.2%32.6% | 40.3%34.9% |
| 3 Year | 279.7%271.5% | 82.5%68.7% | 18.8%5.5% |
| 5 Year | 555.3%519.9% | 169.2%143.6% | 89.0%54.2% |
Long-Term Price Volatility Vs. Market
How volatile is Scatec's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 week ago | Simply Wall St
Did Scatec ASA (OB:SCATC) Insiders Sell Shares?1 month ago | Simply Wall St
Analysts Just Made A Huge Upgrade To Their Scatec ASA (OB:SCATC) Forecasts1 month ago | Simply Wall St
This Is Why We Think Scatec ASA's (OB:SCATC) CEO Might Get A Pay Rise Approved By ShareholdersValuation
Is Scatec undervalued compared to its fair value and its price relative to the market?
3.93x
Price to Book (PB) ratio
Share Price vs. Fair Value
Below Fair Value: SCATC (NOK220.7) is trading above our estimate of fair value (NOK59.94)
Significantly Below Fair Value: SCATC is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: SCATC is unprofitable, so we can't compare its PE Ratio to the European Renewable Energy industry average.
PE vs Market: SCATC 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 SCATC's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: SCATC is overvalued based on its PB Ratio (3.9x) compared to the XE Renewable Energy industry average (2.1x).
Future Growth
How is Scatec forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?
7.0%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: SCATC is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (1.2%).
Earnings vs Market: SCATC is forecast to become profitable over the next 3 years, which is considered above average market growth.
High Growth Earnings: SCATC's is expected to become profitable in the next 3 years.
Revenue vs Market: SCATC's revenue (27.7% per year) is forecast to grow faster than the Norwegian market (4.2% per year).
High Growth Revenue: SCATC's revenue (27.7% per year) is forecast to grow faster than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: SCATC's Return on Equity is forecast to be low in 3 years time (8.2%).
Past Performance
How has Scatec performed over the past 5 years?
-36.1%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: SCATC is currently unprofitable.
Growing Profit Margin: SCATC is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: SCATC is unprofitable, and losses have increased over the past 5 years at a rate of 36.1% per year.
Accelerating Growth: Unable to compare SCATC's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: SCATC is unprofitable, making it difficult to compare its past year earnings growth to the Renewable Energy industry (11.7%).
Return on Equity
High ROE: SCATC has a negative Return on Equity (-6.48%), as it is currently unprofitable.
Financial Health
How is Scatec's financial position?
Financial Position Analysis
Short Term Liabilities: SCATC's short term assets (NOK6.4B) exceed its short term liabilities (NOK4.2B).
Long Term Liabilities: SCATC's short term assets (NOK6.4B) do not cover its long term liabilities (NOK19.8B).
Debt to Equity History and Analysis
Debt Level: SCATC's debt to equity ratio (204%) is considered high.
Reducing Debt: SCATC's debt to equity ratio has reduced from 441.3% to 204% over the past 5 years.
Debt Coverage: SCATC's debt is not well covered by operating cash flow (6%).
Interest Coverage: SCATC is unprofitable, therefore interest payments are not well covered by earnings.
Balance Sheet
Dividend
What is Scatec current dividend yield, its reliability and sustainability?
0.49%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: SCATC's dividend (0.49%) isn’t notable compared to the bottom 25% of dividend payers in the Norwegian market (1.85%).
High Dividend: SCATC's dividend (0.49%) is low compared to the top 25% of dividend payers in the Norwegian market (4.95%).
Stability and Growth of Payments
Stable Dividend: SCATC is not paying a notable dividend for the Norwegian market, therefore no need to check if payments are stable.
Growing Dividend: SCATC is not paying a notable dividend for the Norwegian market, therefore no need to check if payments are increasing.
Current Payout to Shareholders
Dividend Coverage: SCATC is not paying a notable dividend for the Norwegian market.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of SCATC's dividend in 3 years as they are not forecast to pay a notable one for the Norwegian market.
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
7.4yrs
Average management tenure
CEO
Raymond Carlsen (65 yo)
12.42yrs
Tenure
kr6,594,000
Compensation
Mr. Raymond Carlsen serves as Chief Executive Officer at Scatec Solar AS since 2009. Mr. Carlsen has been with Aker Kvaerner since 1989, with senior management assignments in South East Asia, Europe and th...
CEO Compensation Analysis
Compensation vs Market: Raymond's total compensation ($USD789.39K) is about average for companies of similar size in the Norwegian market ($USD837.58K).
Compensation vs Earnings: Raymond's compensation has increased whilst the company is unprofitable.
Leadership Team
Experienced Management: SCATC's management team is seasoned and experienced (7.4 years average tenure).
Board Members
Experienced Board: SCATC's board of directors are considered experienced (3.4 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: SCATC 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 diluted in the past year, with total shares outstanding growing by 15.4%.
Top Shareholders
Company Information
Scatec ASA's company bio, employee growth, exchange listings and data sources
Key Information
- Name: Scatec ASA
- Ticker: SCATC
- Exchange: OB
- Founded: 2007
- Industry: Renewable Electricity
- Sector: Utilities
- Market Cap: kr35.045b
- Shares outstanding: 158.79m
- Website: https://scatec.com
Number of Employees
Location
- Scatec ASA
- Askekroken 11
- Oslo
- Oslo
- 277
- Norway
Listings
Biography
Scatec ASA, together with its subsidiaries, operates as a renewable power producer worldwide. The company operates through Power Production; Services; and Development and Construction segments. It develops...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/06/12 16:22 |
| End of Day Share Price | 2021/06/11 00:00 |
| Earnings | 2021/03/31 |
| Annual Earnings | 2020/12/31 |
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.