Scatec ASA (0R3I) fair value: what the stock is really worth
As of Oct 2, 2026: fair value of Scatec ASA NOK 190, price NOK 103, upside +84.0%, quality 46 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
Scatec ASA, together with its subsidiaries, provides renewable energy solutions. The company operates through Power Production and Development & Construction segments. It produces and sells solar, wind, and hydro generated electricity.
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Scatec ASA, together with its subsidiaries, provides renewable energy solutions. The company operates through Power Production and Development & Construction segments. It produces and sells solar, wind, and hydro generated electricity. The company also develops, builds, owns, and operates solar, wind, and hydro power plants; and storage solutions, including solar, wind, hydropower, battery storage and hybrid systems. The company is also involved in the engineering, procurement, and construction activities. It has operations in South Africa, Egypt, Ukraine, Malaysia, Pakistan, Jordan, Honduras, the Czech Republic, Botswana, Vietnam, and internationally. The company was formerly known as Scatec Solar ASA and changed its name to Scatec ASA in November 2020. Scatec ASA was incorporated in 2007 and is headquartered in Oslo, Norway.
Stock analysis
Scatec ASA (0R3I) currently trades at kr 103.05, while our model-based Fair Value estimate is kr 189.64, implying the stock looks roughly 45.7% undervalued today.
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Valuation
Bull case: the Growth Earnings group reads highest at a median of kr 228.10 per share, and 9 of the 15 models we run sit above the kr 103.05 price.
Bear case: the Asset-Based group reads lowest at kr 59.62, and 6 of the 15 models stay below the price. Evidence for this calculation is medium.
Scenario range: kr 108.17 (bear) to kr 241.90 (bull), the price of kr 103.05 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 46/100 (below-average quality), in the Industrials sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
Scatec ASA reported revenue of 3.6B NOK in FY2025 versus 3.0B NOK in FY2021, a compound +4.5%/yr. Reported net income was 1.0B NOK in FY2025, compounding +28.1%/yr from FY2021.
Key figures
Market cap 16.4B NOK (≈ $1.7B) · P/S ratio 3.14 · EPS (TTM) kr −4.84 · Net margin 28.8% · Return on equity 0.3% · Return on assets (EBIT) 5.5% · Operating margin 34.7% · Revenue (TTM) 3.6B NOK.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 42 out of 100 (low confidence).
What moves the price
The share trades about 23% below its 52-week high and 13% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Industrials peers we cover trades at −40% fair-value upside, at 84%, 0R3I screens cheaper than that median.
Fair Value models
Bear kr 108.17Fair Value kr 189.64Bull kr 241.90
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model.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.Evidence ⓘEvidence = 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.18/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
−16.9%
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.
+6.5%
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.
+5.5%
Start year 2020 (pandemic). Over 10 years: +15.4% a year
Revenue growth 13 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.
+19.3%
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What shareholders gained per year (last 5 years) ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate.
+22.0%
Earnings growth per share plus dividend.
Earnings per share, growth per year+22.0%
Dividend (yield on the price)0.0%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.22.0% vs 33.0%, slowing
Profit margin 2020 to 2025 ⓘ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.48% → 78%
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). "Scatec ASA Fair Value". https://www.fairvalue-calculator.com/stock/0R3I
Frequently asked questions
Is Scatec ASA (0R3I) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of kr 189.64 versus a price of kr 103.05, about +84% upside (undervalued).
What is the fair value of 0R3I?
Our model-based fair value for Scatec ASA is kr 189.64 (as of Sep 24, 2026), built from audited fundamentals. The current price: kr 103.05.
What is the quality score of 0R3I?
Scatec ASA has a Quality Score of 46/100. 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 Scatec ASA (0R3I)?
Our model-based price target is the fair value of kr 189.64 (as of Sep 24, 2026) from 15 valuation models. Cautious scenario kr 108.17, optimistic scenario kr 241.90. It is a calculation from audited fundamentals, not an analyst target.
What is the Scatec ASA stock forecast for 2026?
Our models put fair value at kr 189.64, about +84% upside versus a price of kr 103.05 (undervalued). Cautious scenario kr 108.17, optimistic scenario kr 241.90. The calculation is refreshed regularly with new filings.
What is the revenue of Scatec ASA (0R3I)?
Scatec ASA reported trailing-twelve-month revenue of about 3.6B NOK (latest available figure, as of Sep 24, 2026).
What is the intrinsic value of Scatec ASA (0R3I)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Scatec ASA it is kr 189.64 per share (as of Sep 24, 2026), against a price of kr 103.05. It is the blended result of 15 valuation models (cash flow, earnings, asset, dividend).
Is Scatec ASA stock overvalued or undervalued in 2026?
As of Sep 24, 2026, 0R3I trades below its calculated fair value: price kr 103.05, fair value kr 189.64, a gap of about +84% (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 0R3I?
No. The price is what the market pays today (kr 103.05); the fair value is what the company's own numbers justify (kr 189.64). For Scatec ASA the two are kr 86.59 per share apart. That gap is exactly why we show both numbers side by side.
How much is Scatec ASA worth?
The market values Scatec ASA at about 16.4B NOK (market capitalisation, as of Sep 24, 2026). Per share that is kr 103.05; our models calculate a fair value of kr 189.64 per share.
What do the bullish and bearish scenarios say about 0R3I?
Our models span a range for Scatec ASA: cautious scenario kr 108.17, base kr 189.64, optimistic kr 241.90 per share (as of Sep 24, 2026, price kr 103.05). The range comes from different growth and margin assumptions, not from analyst opinions.
How far is 0R3I from its 52-week high?
Scatec ASA trades at kr 103.05, about 23% below its 52-week high of kr 134.65 and 13% above the low of kr 90.95 (as of Oct 2, 2026). Distance from the high says nothing about value: that is what the fair value of kr 189.64 is for.
Which stocks are comparable to Scatec ASA?
From the same area (Industrials) we also value INLCM, Contemporary Amperex Technology Co, Delta Electronics (Thailand) Public Company, Larsen & Toubro Limited, 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 Scatec ASA stock attractive at the current price?
The data as of Sep 24, 2026: price kr 103.05, calculated fair value kr 189.64 (+84%), Quality Score 46/100, from 15 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 0R3I calculated?
We run Scatec ASA through 15 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of kr 189.64, 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 14.5 % above its aggregate fair value. Scatec ASA currently trades 46 % 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 Scatec ASA (0R3I)?
The closing price on Oct 2, 2026 was kr 103.05. Our model-based fair value is kr 189.64, about +84% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Scatec ASA right now?
The price is below even our cautious bear case (kr 108.17). The market is more pessimistic than our downside scenario. Solid quality (46/100) at a price below fair value, the discount is the argument here, not the business quality. A fairly wide model range (kr 108.17 to kr 241.90) leaves room in how you read the outcome.
Key figures of Scatec ASA
How large is the market capitalisation of Scatec ASA (0R3I)?
The market capitalisation of Scatec ASA is 16.4B NOK (≈ $1.7B). 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 Scatec ASA (0R3I)?
The price-to-sales ratio of Scatec ASA is 3.14 (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 Scatec ASA (0R3I)?
Earnings per share at Scatec ASA are kr −4.84. Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Scatec ASA (0R3I)?
The net margin of Scatec ASA is 28.8% (fiscal year 2025). 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 Scatec ASA (0R3I)?
The return on equity (ROE) of Scatec ASA is 0.3% (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 Scatec ASA (0R3I)?
On an EBIT basis the return on assets of Scatec ASA is 5.5% (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 Scatec ASA (0R3I)?
The operating margin of Scatec ASA is 34.7% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Scatec ASA (0R3I)?
Revenue at Scatec ASA is growing −1.3% versus a year earlier (3y avg +6.5%). 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 Scatec ASA (0R3I)?
Earnings per share at Scatec ASA are growing +35.4% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Scatec ASA (0R3I) generate?
The free cash flow of Scatec ASA is −3.6B NOK (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does Scatec ASA (0R3I) carry?
The net debt of Scatec ASA is 26.9B NOK (fiscal year 2025). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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