Skandia Greenpower AS (SKAND) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of Skandia Greenpower AS stock NOK 3.58, price NOK 1.55, upside +131.0%, quality 58 out of 100. Rating: strongly undervalued. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 3, 2026.
How to read this chart
60‑month range kr 0.1925 – kr 10.69 · fair‑value band kr 2.51 – kr 4.65 · the kr 1.55 price screens below the kr 3.58 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 3, 2026.
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Skandia GreenPower AS, together with its subsidiaries, provides electricity and energy-saving services in Norway. It offers services under the SkandiaEnergi, SagaEnergi, Motkraft, and Elkompis brands. The company also provides software under the Skandia Smarthus brand.
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Skandia GreenPower AS was incorporated in 2015 and is based in Kristiansand, Norway.
Stock analysis
Skandia Greenpower AS (SKAND) currently trades at kr 1.55, while our model-based Fair Value estimate is kr 3.58, implying the stock looks roughly 57% undervalued today.
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Valuation
Bull case: the Growth DCF group reads highest at a median of kr 10.04 per share, and 19 of the 26 models we run sit above the kr 1.55 price.
Bear case: the Economic Profit group reads lowest at kr 1.25, and 7 of the 26 models stay below the price. Data coverage for this calculation is low.
Scenario range: kr 2.51 (bear) to kr 4.65 (bull), the price of kr 1.55 sits below it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 58/100 (solid quality), in the Utilities sector.
Healthy Growth: Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Skandia Greenpower AS reported revenue of 538M NOK in FY2025 versus 336M NOK in FY2021, a compound +12.5%/yr. Reported net income was 10.2M NOK in FY2025.
Key figures
Market cap 182M NOK (≈ $19.2M) Micro · P/E ratio 17.2 · P/S ratio 0.24 · EPS (TTM) kr 0.0900 · Dividend yield 7.6% · Net margin 1.5% · Return on equity 11.6% · Return on assets (EBIT) −13.0% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 37 out of 100 (low confidence).
What moves the price
The share trades about 25% below its 52-week high and 37% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Utilities peers we cover trades at −52% fair-value upside, at 131%, SKAND screens cheaper than that median.
Fair Value models
Bearkr 2.51Fair Value kr 3.58Bullkr 4.65
Price kr 1.55 · Upside +131.0%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Coverage ⓘCoverage = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.90/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Revenue growth 1 year
+76.0%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
−0.8%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+40.5%
Start year 2020 (pandemic)
Revenue growth 8 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+29.0%
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Profit margin (trend) ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.
−3.7% (2020) → 2.3% (2025)
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: no profitable base year
not computed
Growth Forecast
Little optimism in the price
The price assumes less growth than the company has delivered so far.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
−32.8%
The company could shrink this much every year for the next five years and today's price would still be justified.
What forecasts expect
n/a
No analyst forecast available.
After inflation (Norway: IMF forecast 2.4% a year to 2030, 3.3% from 2016 to 2025) that is about −34.4% a year for the price.
Price, fair value, quality and upside side by side.
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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Utilities - Renewable · 196 stocks
Beats the industry median on 10/13 measures
Overall it ranks above its industry peers.
Valuation
Quality Score58 · Top 25%
Fair Value upside+131.0% · Top 25%
Profitability
Return on equity (12 months)11.6% · Top 25%
Return on assets3.5% · Above median
Net margin (12 months)1.5% · Below median
Operating margin (12 months)0.9% · Below median
Growth and dividend
Revenue growth (quarter YoY)70.8% · Top 25%
Dividend yield (12 months)7.6% · Top 25%
Valuation Multiplesvs Utilities - Renewable median · lower = cheaper
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "Skandia Greenpower AS Fair Value". https://www.fairvalue-calculator.com/stock/SKAND
Frequently asked questions
Is Skandia Greenpower AS (SKAND) overvalued or undervalued?
As of Nov 3, 2026, our model estimates a fair value of kr 3.58 versus a price of kr 1.55, about +131% upside (undervalued).
What is the fair value of SKAND?
Our model-based fair value for Skandia Greenpower AS is kr 3.58 (as of Nov 3, 2026), built from audited fundamentals. The current price: kr 1.55.
What is the quality score of SKAND?
Skandia Greenpower AS has a Quality Score of 58/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for Skandia Greenpower AS (SKAND)?
Our model-based price target is the fair value of kr 3.58 (as of Nov 3, 2026) from 26 valuation models. Cautious scenario kr 2.51, optimistic scenario kr 4.65. It is a calculation from audited fundamentals, not an analyst target.
What is the Skandia Greenpower AS stock forecast for 2026?
Our models put fair value at kr 3.58, about +131% upside versus a price of kr 1.55 (undervalued). Cautious scenario kr 2.51, optimistic scenario kr 4.65. The calculation is refreshed regularly with new filings.
What is the revenue of Skandia Greenpower AS (SKAND)?
Skandia Greenpower AS reported trailing-twelve-month revenue of about 757M NOK (latest available figure, as of Nov 3, 2026).
Does Skandia Greenpower AS pay a dividend?
Skandia Greenpower AS currently shows a dividend yield of 7.61% relative to its recent price (as of Nov 3, 2026).
How much is the dividend of Skandia Greenpower AS (SKAND) and when is the ex-dividend date?
Skandia Greenpower AS pays a dividend of kr 0.118 per share a year, a dividend yield of 7.6%. The last ex-dividend date was Sep 3, 2026. The payout ratio is 131% of earnings. Free cash flow covers the dividend 4.61 times. Our assessment: Sustainable. Payout and cash coverage both look sustainable.
What growth is priced into Skandia Greenpower AS (SKAND)?
For today's price to be fair in a discounted-cash-flow model, Skandia Greenpower AS would have to grow free cash flow by -32.8 % per year for five years (discount rate 10.3 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +40.5 % per year. As of Nov 3, 2026.
What discount rate (WACC) does the fair value of SKAND use?
Our models discount Skandia Greenpower AS at 10.3 %: a base by market capitalisation (nano), damped by beta 1.33, country premium for Norway. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For Skandia Greenpower AS that is -32.8 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (10.3 %) and the same formula as our fair value.
How much growth has Skandia Greenpower AS (SKAND) delivered so far?
Over the past 5 years revenue at Skandia Greenpower AS grew +40.5 % a year. The price currently implies free-cash-flow growth of -32.8 % per year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of Skandia Greenpower AS (SKAND) growing?
The median revenue growth in the sector is +4.8 % a year. That is the yardstick for the growth priced into Skandia Greenpower AS (-32.8 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Skandia Greenpower AS (SKAND)?
The free-cash-flow yield on the price is 35.11 %: that much free cash flow Skandia Greenpower AS produces per unit of market value. When it exceeds the discount rate of our models (10.3 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Skandia Greenpower AS (SKAND)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Skandia Greenpower AS it is kr 3.58 per share (as of Nov 3, 2026), against a price of kr 1.55. It is the blended result of 26 valuation models in 8 families (DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings).
Is Skandia Greenpower AS stock overvalued or undervalued in 2026?
As of Nov 3, 2026, SKAND trades below its calculated fair value: price kr 1.55, fair value kr 3.58, a gap of about +131% (undervalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of SKAND?
No. The price is what the market pays today (kr 1.55); the fair value is what the company's own numbers justify (kr 3.58). For Skandia Greenpower AS the two are kr 2.03 per share apart. That gap is exactly why we show both numbers side by side.
How much is Skandia Greenpower AS worth?
The market values Skandia Greenpower AS at about 182M NOK (market capitalisation, as of Nov 3, 2026). Per share that is kr 1.55; our models calculate a fair value of kr 3.58 per share.
What do the bullish and bearish scenarios say about SKAND?
Our models span a range for Skandia Greenpower AS: cautious scenario kr 2.51, base kr 3.58, optimistic kr 4.65 per share (as of Nov 3, 2026, price kr 1.55). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of SKAND?
Skandia Greenpower AS trades at a price-to-earnings ratio of 17.2 (as of Nov 3, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of kr 3.58 is built from several models across several years. Other multiples: P/B 1.9, P/S 0.2, EV/EBITDA 3.0.
How solid is the balance sheet of Skandia Greenpower AS (SKAND)?
Balance-sheet figures for Skandia Greenpower AS (as of Nov 3, 2026): return on equity 11.6%. They feed the Quality Score of 58/100, which measures business quality independently of the share price.
How far is SKAND from its 52-week high?
Skandia Greenpower AS trades at kr 1.55, about 25% below its 52-week high of kr 2.06 and 37% above the low of kr 1.13 (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of kr 3.58 is for.
Which stocks are comparable to Skandia Greenpower AS?
From the same area (Utilities) we also value China Yangtze Power Co, Ørsted A/S, Huaneng Lancang River Hydropower Inc, VERBUND AG, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Skandia Greenpower AS stock attractive at the current price?
The data as of Nov 3, 2026: price kr 1.55, calculated fair value kr 3.58 (+131%), Quality Score 58/100, from 26 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of SKAND calculated?
We run Skandia Greenpower AS through 26 models from 8 families: DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings. Every model gets the same audited fundamentals; the fair value of kr 3.58 builds on their evidence-weighted average, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 13.3% above its aggregate fair value. Skandia Greenpower AS currently trades 57% below its own fair value, and the market average says nothing about that. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Skandia Greenpower AS (SKAND)?
The closing price on Nov 6, 2026 was kr 1.55. Our model-based fair value is kr 3.58, about +131% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Skandia Greenpower AS right now?
The price is below even our cautious bear case (kr 2.51). The market is more pessimistic than our downside scenario. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution. Solid quality (58/100) at a price below fair value, the discount is the argument here, not the business quality. A fairly wide model range (kr 2.51 to kr 4.65) leaves room in how you read the outcome.
Key figures of Skandia Greenpower AS
How large is the market capitalisation of Skandia Greenpower AS (SKAND)?
The market capitalisation of Skandia Greenpower AS is 182M NOK (≈ $19.2M). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Skandia Greenpower AS (SKAND)?
The price-to-sales ratio of Skandia Greenpower AS is 0.24 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Skandia Greenpower AS (SKAND)?
Earnings per share at Skandia Greenpower AS are kr 0.0900 (price ÷ EPS = P/E 17.2). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Skandia Greenpower AS (SKAND)?
The dividend yield of Skandia Greenpower AS is 7.6% (payout 131%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Skandia Greenpower AS (SKAND)?
The net margin of Skandia Greenpower AS is 1.5% (last twelve months). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Skandia Greenpower AS (SKAND)?
The return on equity (ROE) of Skandia Greenpower AS is 11.6% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Skandia Greenpower AS (SKAND)?
On an EBIT basis the return on assets of Skandia Greenpower AS is −13.0% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Skandia Greenpower AS (SKAND)?
The operating margin of Skandia Greenpower AS is 0.9% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Skandia Greenpower AS (SKAND)?
Revenue at Skandia Greenpower AS is growing +70.8% versus a year earlier (3y avg −0.8%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Skandia Greenpower AS (SKAND)?
Earnings per share at Skandia Greenpower AS are growing +60.0% versus a year earlier. How much earnings per share grew versus a year earlier.
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Thin data
Nov 3, 2026