Moreld ASA (MORLD) Fair Value & Analysis
Energy · NO · Market cap 3.7B NOK
Fair value as of: Jul 16, 2026
From 13 valuation models · updated 25 days ago
Share price +14.9% over the past month.
A strong business, screening 23% undervalued on our models.
What matters now
- A fairly wide model range (kr 20.45 to kr 40.37) leaves room in how you read the outcome.
- Our model range runs from kr 20.45 (bear) to kr 40.37 (bull), base kr 27.26. The closer the price sits to the lower half, the larger the margin of safety.
- Quality 75/100 (high quality) with medium evidence: read the verdict with care.
Price vs Fair Value (20 months)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 16, 2026.
How to read this chart
20‑month range kr 9.85 – kr 22.10 · fair‑value band kr 20.45 – kr 40.37 · the kr 22.10 price screens below the kr 27.26 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 16, 2026.
Analysis
Moreld ASA (MORLD) currently trades at kr 22.10, while our model-based Fair Value estimate is kr 27.26, implying the stock looks roughly 23.4% undervalued today. The Quality Score stands at 75/100 (high quality), in the Energy sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: medium), always confirm before acting.
Over the trailing twelve months, Moreld ASA generated revenue of 8.3B NOK at a net margin of 0.8%. Revenue declined 52.5% year over year. It earns a return on equity of 15.0%. Net debt stands at 190M NOK. Fundamentals as of Jul 16, 2026
Our scenario range runs from kr 20.45 (bear case) to kr 40.37 (bull case); at kr 22.10, the current price sits within 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 near its 52-week high and 83% above its 52-week low, currently above its 200-day average. For context, the median of 10 Energy peers we cover trades at -36% fair-value upside, at 23%, MORLD screens cheaper than that median.
Fair Value models
Each model estimates fair value its own way; the Fair Value above is the evidence-weighted 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.
All 13 models by family
Widest divergence: Growth DCF (kr 121.06) versus Asset-Based (kr 2.99). Highest evidence: Growth DCF (80).
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Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Jul 16, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 76 · Market factors (momentum, volatility) 67
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.
About the company
Moreld ASA provides integrated solutions for the energy, marine, and industrial sectors in Norway, Africa, Europe, and internationally. It operates through Moreld Apply, Ocean Installer, and Global Maritime segments.
Full company description
Moreld ASA provides integrated solutions for the energy, marine, and industrial sectors in Norway, Africa, Europe, and internationally. It operates through Moreld Apply, Ocean Installer, and Global Maritime segments. The company undertakes marine and subsea construction works; and offers a range of services, such as subsea umbilicals, risers, flowlines, moorings, offshore renewables, and carbon capture and storage, as well as inspection, repair, and maintenance services. It also provides subsea installation services for offshore oil and gas developments; maintenance and modification services for offshore oil and gas platforms; support services for renewable energy projects, including carbon capture, hydrogen, and offshore wind; and full offshore project lifecycle from engineering and design, consultancy, marine operations, marine warranty services, geoscience, and marine operation support solutions. The company was formerly known as Moreld AS and changed its name to Moreld ASA in June 2025. The company was incorporated in 2021 and is headquartered in Stavanger, Norway.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2023 – FY2025 · reported fiscal years
Moreld ASA reported revenue of kr 9.8B in FY2025 versus kr 1.1M in FY2023, a compound +9,484.2%/yr. Reported net income was kr 285M in FY2025.
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Peer Group
Oil & Gas Equipment & Services · 191 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 Oil & Gas Equipment & Services median · lower = cheaper
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.
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.
Similar stocks
10 more Oil & Gas Equipment & Services stocks, each showing price versus our Fair Value estimate (as of Jul 16, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| SLB N.V SLBN | 836.00 MXN | 533.97 MXN | -36% |
| Baker Hughes Company BKR | $55.95 | $33.55 | -40% |
| TechnipFMC plc FTI | $74.57 | $27.57 | -63% |
| Halliburton Company HAL | $35.22 | $21.50 | -39% |
| Tenaris S.A TS | $57.16 | $45.68 | -20% |
| Yantai Jereh Oilfield Services Group 002353 | ¥138.79 | ¥34.17 | -75% |
| Saipem SpA SPM | €4.20 | €2.72 | -35% |
| Subsea 7 S.A SUBC | kr 319.00 | kr 227.98 | -29% |
| China Oilfield Services Limited 601808 | ¥12.08 | ¥12.64 | +5% |
| Gaztransport & Technigaz SA GTT | €188.10 | €95.01 | -49% |
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Frequently asked questions
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How we calculate Fair Value
Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.
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