MGN.OL
Strong SellSinkerMagnora ASA · Utilities · Norway · $163M · Avg Vol: $1M/d
Sinker: Weak, expensive and falling. Nothing here to keep it afloat.
ABOUT MAGNORA ASA
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Magnora ASA is a renewable energy development company that invests in and develops wind, solar, and battery storage projects across the Nordics, UK, and South Africa. The company operates an asset-light business model, securing early-stage projects, adding value through development, and divesting to long-term operators. Its competitive advantage lies in its agile capital allocation, deep engineering heritage from the offshore sector, and a rapidly growing global project pipeline.
FINANCIAL SUMMARY (NOK)
| Year | 2022 | 2023 | 2024 | 2025 | CAGR | TTM | 2026E | 2027E | Fwd CAGR |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | 91.7M | 12.1M | 2.3M | 97.7M | 2.1% | 49.9M | 84.9M | 252.3M | 60.7% |
| EPS (NOK) | 0.21 | 2.88 | 9.00 | 0.31 | 13.9% | -1.10 | — | — | — |
| Shares | 66.8M | 65.8M | 64.0M | 63.9M | -4.3% | 71.1M | — | — | — |
| Debt | 85.0M | 1.2M | 1.2M | 7.9M | -54.7% | 6.6M | — | — | — |
| Equity | 385.5M | 538.3M | 400.5M | 377.2M | -0.7% | — | — | — | — |
| Op CF | -67.7M | 3.0M | -104.9M | -10.0M | — | -39.4M | — | — | — |
| Inv CF | -125.3M | 304.9M | 352.1M | 52.6M | — | — | — | — | — |
| Fin CF | 268.0M | -132.2M | -340.2M | -130.5M | — | — | — | — | — |
SCORE BREAKDOWN
FUNDAMENTALS
SECTOR PEERS
Closest peers in Utilities, ranked by industry match, size, and score similarity. Cross-listings of MGN.OL are excluded.
Peer medians: ROE 4.3% · P/E 22.6x · Gross margin 90.9%
Company Deep Dive
Business segments breakdown, earnings transcript analysis, management credibility scoring, competitive landscape, and scenario modelling.