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SKAN

Skandia GreenPower OB:SKAND Stock Report

Last Price

kr4.40

Market Cap

kr72.4m

7D

6.8%

1Y

-58.5%

Updated

07 Aug, 2022

Data

Company Financials
SKAND fundamental analysis
Snowflake Score
Valuation4/6
Future Growth0/6
Past Performance0/6
Financial Health5/6
Dividends0/6

SKAND Stock Overview

Skandia GreenPower AS engages in the sale of electricity to retail customers in the Norwegian market.

Skandia GreenPower Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Skandia GreenPower
Historical stock prices
Current Share Pricekr4.40
52 Week Highkr11.40
52 Week Lowkr3.98
Beta0
1 Month Change-0.90%
3 Month Change-16.03%
1 Year Change-58.49%
3 Year Changen/a
5 Year Changen/a
Change since IPO-70.95%

Recent News & Updates

Shareholder Returns

SKANDNO Electric UtilitiesNO Market
7D6.8%-0.1%-1.1%
1Y-58.5%-3.0%9.2%

Return vs Industry: SKAND underperformed the Norwegian Electric Utilities industry which returned -3% over the past year.

Return vs Market: SKAND underperformed the Norwegian Market which returned 9.2% over the past year.

Price Volatility

Is SKAND's price volatile compared to industry and market?
SKAND volatility
SKAND Average Weekly Movement5.5%
Electric Utilities Industry Average Movement5.3%
Market Average Movement6.8%
10% most volatile stocks in NO Market12.6%
10% least volatile stocks in NO Market3.8%

Stable Share Price: SKAND is not significantly more volatile than the rest of Norwegian stocks over the past 3 months, typically moving +/- 6% a week.

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

About the Company

FoundedEmployeesCEOWebsite
201540Lene Johansenhttps://www.skandiaenergi.no

Skandia GreenPower AS engages in the sale of electricity to retail customers in the Norwegian market. The company also offers solar cell solutions; and smart energy solutions for solar power and energy saving, as well as solar cell panels and roofing tiles. As of December 31, 2021, it served approximately 30,000 customers.

Skandia GreenPower Fundamentals Summary

How do Skandia GreenPower's earnings and revenue compare to its market cap?
SKAND fundamental statistics
Market Capkr72.38m
Earnings (TTM)-kr18.12m
Revenue (TTM)kr335.62m

0.2x

P/S Ratio

-4.0x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
SKAND income statement (TTM)
Revenuekr335.62m
Cost of Revenuekr299.11m
Gross Profitkr36.51m
Other Expenseskr54.62m
Earnings-kr18.12m

Last Reported Earnings

Dec 31, 2021

Next Earnings Date

Sep 02, 2022

Earnings per share (EPS)-1.10
Gross Margin10.88%
Net Profit Margin-5.40%
Debt/Equity Ratio0.0%

How did SKAND perform over the long term?

See historical performance and comparison
We’ve recently updated our valuation analysis.

Valuation

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

Valuation Score

4/6

Valuation Score 4/6

  • Price-To-Sales vs Peers

  • Price-To-Sales vs Industry

  • Price-To-Sales vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

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

Other financial metrics that can be useful for relative valuation.

SKAND key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenuen/a
Enterprise Value/EBITDAn/a
PEG Ration/a

Price to Sales Ratio vs Peers

How does SKAND's PS Ratio compare to its peers?

SKAND PS Ratio vs Peers
The above table shows the PS ratio for SKAND vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPSEstimated GrowthMarket Cap
Peer Average7.7x
ELMRA Elmera Group
0.1x1.0%kr2.4b
AEGA Aega
4.2xn/akr94.1m
NSOL Norsk Solar
22.4x84.1%kr290.1m
EAM EAM Solar
4.1xn/akr57.0m
SKAND Skandia GreenPower
0.2xn/akr72.4m

Price-To-Sales vs Peers: SKAND is good value based on its Price-To-Sales Ratio (0.2x) compared to the peer average (7.7x).


Price to Earnings Ratio vs Industry

How does SKAND's PE Ratio compare vs other companies in the European Electric Utilities Industry?

Price-To-Sales vs Industry: SKAND is good value based on its Price-To-Sales Ratio (0.2x) compared to the European Electric Utilities industry average (0.4x)


Price to Sales Ratio vs Fair Ratio

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

SKAND PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio0.2x
Fair PS Ration/a

Price-To-Sales vs Fair Ratio: Insufficient data to calculate SKAND's Price-To-Sales Fair Ratio for valuation analysis.


Share Price vs Fair Value

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

Below Fair Value: SKAND (NOK4.4) is trading below our estimate of fair value (NOK141.29)

Significantly Below Fair Value: SKAND is trading below fair value by more than 20%.


Analyst Price Targets

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

Analyst Forecast: Insufficient data to show price forecast.


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Future Growth

How is Skandia GreenPower 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


11.4%

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 Skandia GreenPower 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.


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  • Examine whether Skandia GreenPower is trading at an attractive price based on how much it is expected to earn in the future, and relative to its industry peers and the wider market.
  • Skandia GreenPower competitive advantages and company strategy can generally be found in its financial reports archived here.

Past Performance

How has Skandia GreenPower 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


-21.7%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: SKAND is currently unprofitable.

Growing Profit Margin: SKAND is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: SKAND is unprofitable, and losses have increased over the past 5 years at a rate of 21.7% per year.

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

Earnings vs Industry: SKAND is unprofitable, making it difficult to compare its past year earnings growth to the Electric Utilities industry (15.3%).


Return on Equity

High ROE: SKAND has a negative Return on Equity (-11.9%), as it is currently unprofitable.


Discover strong past performing companies

Financial Health

How is Skandia GreenPower'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: SKAND's short term assets (NOK237.5M) exceed its short term liabilities (NOK181.5M).

Long Term Liabilities: SKAND has no long term liabilities.


Debt to Equity History and Analysis

Debt Level: SKAND is debt free.

Reducing Debt: SKAND had no debt 5 years ago.


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

Forecast Cash Runway: Insufficient data to determine if SKAND has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.


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Dividend

What is Skandia GreenPower 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

  • Cash Flow Coverage

Dividend Yield vs Market

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

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

Growing Dividend: Insufficient data to determine if SKAND'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 SKAND has not reported any payouts.


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Management

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


CEO

Lene Johansen

0.083

Tenure

Ms. Lene Johansen was Board Member of Skandia GreenPower AS from October 04, 2021 and serves as its Chief Executive Officer since July 01, 2022. She is a beneficial owner at Sparebank 1 Nordvest. She joins...


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 not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Skandia GreenPower AS's employee growth, exchange listings and data sources


Key Information

  • Name: Skandia GreenPower AS
  • Ticker: SKAND
  • Exchange: OB
  • Founded: 2015
  • Industry: Electric Utilities
  • Sector: Utilities
  • Implied Market Cap: kr72.383m
  • Shares outstanding: 16.45m
  • Website: https://www.skandiaenergi.no

Number of Employees


Location

  • Skandia GreenPower AS
  • Dronningens Gate 3
  • Kristiansand
  • Vest-Agder
  • 4610
  • Norway

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/08/07 00:00
End of Day Share Price2022/08/05 00:00
Earnings2021/12/31
Annual Earnings2021/12/31


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.