Scatec ASA

OB:SCATC Stock Report

Market Cap: NOK 12.0b

Scatec Valuation

Is SCATC undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

3/6

Valuation Score 3/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of SCATC when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

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

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

Key Valuation Metric

Which metric is best to use when looking at relative valuation for SCATC?

Key metric: As SCATC is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for SCATC. This is calculated by dividing SCATC's market cap by their current earnings.
What is SCATC's PE Ratio?
PE Ratio9.2x
EarningsNOK 1.31b
Market CapNOK 11.99b

Price to Earnings Ratio vs Peers

How does SCATC's PE Ratio compare to its peers?

The above table shows the PE ratio for SCATC vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average17.3x
CLOUD Cloudberry Clean Energy
39.7x-11.1%NOK 3.8b
MGN Magnora
4.6x-0.5%NOK 1.3b
ELMRA Elmera Group
10.8x-0.04%NOK 3.8b
601619 Jiaze Renewables
14.2x20.5%CN¥9.0b
SCATC Scatec
9.2x-31.3%NOK 12.0b

Price-To-Earnings vs Peers: SCATC is good value based on its Price-To-Earnings Ratio (9.2x) compared to the peer average (17.3x).

Price to Earnings Ratio vs Industry

How does SCATC's PE Ratio compare vs other companies in the European Renewable Energy Industry?

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
SCATC 9.2xIndustry Avg. 14.9xNo. of Companies7PE01224364860+
0 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: SCATC is good value based on its Price-To-Earnings Ratio (9.2x) compared to the European Renewable Energy industry average (14.7x).

Price to Earnings Ratio vs Fair Ratio

What is SCATC's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

SCATC PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio9.2x
Fair PE Ratio6.9x

Price-To-Earnings vs Fair Ratio: SCATC is expensive based on its Price-To-Earnings Ratio (9.2x) compared to the estimated Fair Price-To-Earnings Ratio (6.9x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst SCATC forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentNOK 75.50
NOK 99.13
+31.3%
6.7%NOK 106.00NOK 90.00n/a8
Apr ’26NOK 77.65
NOK 99.50
+28.1%
6.3%NOK 106.00NOK 90.00n/a8
Mar ’26NOK 81.00
NOK 99.50
+22.8%
6.3%NOK 106.00NOK 90.00n/a8
Feb ’26NOK 79.35
NOK 99.00
+24.8%
6.5%NOK 105.00NOK 86.00n/a8
Jan ’26NOK 79.50
NOK 98.86
+24.3%
6.7%NOK 106.00NOK 86.00n/a7
Dec ’25NOK 80.60
NOK 98.86
+22.7%
6.7%NOK 106.00NOK 86.00n/a7
Nov ’25NOK 82.60
NOK 96.43
+16.7%
9.1%NOK 110.00NOK 80.00n/a7
Oct ’25NOK 82.75
NOK 94.43
+14.1%
7.5%NOK 103.00NOK 80.00n/a7
Sep ’25NOK 81.00
NOK 95.43
+17.8%
7.7%NOK 103.00NOK 80.00n/a7
Aug ’25NOK 90.00
NOK 94.57
+5.1%
10.7%NOK 105.00NOK 72.00n/a7
Jul ’25NOK 85.90
NOK 93.71
+9.1%
10.5%NOK 105.00NOK 72.00n/a7
Jun ’25NOK 87.15
NOK 91.86
+5.4%
9.5%NOK 100.00NOK 72.00n/a7
May ’25NOK 81.55
NOK 91.14
+11.8%
9.8%NOK 100.00NOK 72.00n/a7
Apr ’25NOK 72.15
NOK 92.71
+28.5%
12.6%NOK 110.00NOK 72.00NOK 77.657
Mar ’25NOK 67.45
NOK 93.29
+38.3%
12.6%NOK 110.00NOK 72.00NOK 81.007
Feb ’25NOK 78.80
NOK 94.43
+19.8%
11.6%NOK 110.00NOK 72.00NOK 79.357
Jan ’25NOK 82.15
NOK 95.57
+16.3%
13.3%NOK 110.00NOK 70.00NOK 79.507
Dec ’24NOK 71.30
NOK 94.43
+32.4%
16.0%NOK 110.00NOK 62.00NOK 80.607
Nov ’24NOK 55.55
NOK 97.43
+75.4%
19.5%NOK 115.00NOK 55.00NOK 82.607
Oct ’24NOK 63.00
NOK 99.63
+58.1%
14.6%NOK 115.00NOK 65.00NOK 82.758
Sep ’24NOK 69.90
NOK 99.63
+42.5%
14.6%NOK 115.00NOK 65.00NOK 81.008
Aug ’24NOK 85.15
NOK 98.75
+16.0%
17.7%NOK 115.00NOK 56.00NOK 90.008
Jul ’24NOK 70.30
NOK 98.75
+40.5%
17.7%NOK 115.00NOK 56.00NOK 85.908
Jun ’24NOK 73.80
NOK 98.38
+33.3%
17.6%NOK 115.00NOK 56.00NOK 87.158
May ’24NOK 69.50
NOK 99.33
+42.9%
17.0%NOK 115.00NOK 56.00NOK 81.559
Apr ’24NOK 69.48
NOK 99.33
+43.0%
17.0%NOK 115.00NOK 56.00NOK 72.159
AnalystConsensusTarget
Consensus Narrative from 8 Analysts
NOK 99.13
Fair Value
23.8% undervalued intrinsic discount
8
Number of Analysts

Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/04/15 05:49
End of Day Share Price 2025/04/15 00:00
Earnings2024/12/31
Annual Earnings2024/12/31

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.

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 Github.

Analyst Sources

Scatec ASA is covered by 14 analysts. 7 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
null nullABG Sundal Collier
Temitope SulaimanBarclays
Naisheng CuiBarclays