Magnora ASA (MGN) Fair Value & Analysis
Utilities · NO · Market cap 2.3B NOK (≈ $244M) · ISIN NO0010187032
What is Magnora ASA really worth?
A solid business, but trading 614% above our fair value of kr 3.15.
As of Aug 29, 2026, the fair value of Magnora ASA is kr 3.15 per share against a price of kr 22.50, so the fair value sits 86% below the price. A model estimate blended from multiple valuation models, recalculated regularly.
Risks
Fair value as of: Aug 29, 2026
From 12 valuation models · updated 8 days ago
Share price −0.7% over the past month.
What runs behind every stock
69 individual criteria per stock, every one traceable See the method →
What matters now
- The price sits above even our optimistic bull case (kr 3.18). The favourable scenario is already priced in.
- 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 but not exceptional quality (57/100) and above fair value, neither a clear bargain nor a standout compounder.
- The models converge in a tight band (kr 3.04 to kr 3.18), unusually little disagreement for a valuation.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 29, 2026.
How to read this chart
60‑month range kr 12.54 – kr 33.50 · fair‑value band kr 3.04 – kr 3.18 · the kr 22.50 price screens above the kr 3.15 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 29, 2026.
Analysis
Magnora ASA (MGN) currently trades at kr 22.50, while our model-based Fair Value estimate is kr 3.15, implying the stock looks roughly 614.3% overvalued today. The Quality Score stands at 57/100 (solid quality), in the Utilities sector. Bull case: the Growth Earnings group reads highest at a median of kr 8.87 per share, and 0 of the 12 models we run sit above the kr 22.50 price. Bear case: the Asset-Based group reads lowest at kr 2.55, and 12 of the 12 models stay below the price. Evidence for this calculation is low.
Trailing-twelve-month revenue stands at 50.2M NOK. It earns a return on equity of −19.8%. The balance sheet holds a net cash position of 346M NOK. Fundamentals as of Aug 29, 2026
Our scenario range runs from kr 3.04 (bear case) to kr 3.18 (bull case); at kr 22.50, the current price sits above that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 33% below its 52-week high and 22% above its 52-week low, currently above its 200-day average. For context, the median of 10 Utilities peers we cover trades at −12% fair-value upside, at −86%, MGN screens richer than that median.
Fair Value models
Each model estimates fair value its own way; the Fair Value above is the evidence-weighted, family-balanced blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small. Every input is real reported data, nothing guessed.
All 12 models by family
Widest divergence: Growth Earnings (kr 8.87) versus Asset-Based (kr 2.55). Highest evidence: Residual Income (74).
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Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Aug 29, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 57 · Market factors (momentum, volatility) 48
Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.
All values are scores from 0 to 100 (100 = best against fixed, research-based bands), not percentages. The three market factors (momentum, 52-week proximity, low volatility) are displayed but carry zero weight in the headline number: market sentiment is not a business property.
About the company
Magnora ASA operates as a renewable energy development company in Norway, Sweden, South Africa and the United Kingdom. The company focuses on developing data centers, solar photovoltaic energy, wind energy " onshore and offshore, renewable energy, and battery energy storage systems projects.
Full company description
Magnora ASA operates as a renewable energy development company in Norway, Sweden, South Africa and the United Kingdom. The company focuses on developing data centers, solar photovoltaic energy, wind energy " onshore and offshore, renewable energy, and battery energy storage systems projects. The company was formerly known as Sevan Marine ASA and changed its name to Magnora ASA in October 2018. Magnora ASA was incorporated in 2001 and is based in Oslo, Norway.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
Magnora ASA reported revenue of 97.7M NOK in FY2025 versus 15.2M NOK in FY2021, a compound +59.2%/yr. Reported net income was 20.1M NOK in FY2025.
MGN screens 614% overvalued. Compare with China Yangtze Power Co →
Peer Group
Utilities - Renewable · 212 stocks
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.
Valuation Multiples vs Utilities - Renewable median · lower = cheaper
Strength profile in five axes (Snowflake)
Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.
VALUE 0: the price sits above our fair-value range.
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
Similar stocks
10 more Utilities - Renewable stocks, each showing price versus our Fair Value estimate (as of Aug 29, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| China Yangtze Power Co 600900 | ¥27.96 | ¥25.13 | −10% |
| Ørsted A/S ORSTED | kr 139.25 | kr 31.40 | −77% |
| Huaneng Lancang River Hydropower Inc 600025 | ¥9.79 | ¥5.57 | −43% |
| Adani Green Energy Limited ADANIGREEN | ₹1,319 | ₹169.61 | −87% |
| AXIA Energia SA AXIAP | $10.74 | $9.49 | −12% |
| VERBUND AG VER | €59.65 | €55.03 | −8% |
| BEP BEP | $31.27 | $70.40 | +125% |
| BEPUN BEPUN | C$45.05 | C$42.83 | −5% |
| Fortum Oyj FORTUM | €19.80 | €13.55 | −32% |
| China Longyuan Power Group 001289 | ¥15.92 | ¥7.55 | −53% |
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