EN DE
Check 35,000+ stocks against 26 valuation models and 37 quality factors
Data-driven stock valuation

MORELD AS (MORLD) fair value: what the stock is really worth

As of Sep 24, 2026: fair value of MORELD AS NOK 65.78, price NOK 23.10, upside +184.8%, quality 75 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.

  1. Fair value above price? Yes
  2. Good quality? Yes
  3. Add to watchlist

Energy · NO

MA Some data Sep 24, 2026

MORELD AS

MORLD · OL

Strongly undervaluedStrong Fair Value upside with high Quality.

✓Fair value kr 65.78 · Strongly undervalued (+185%)
✓Quality 75/100
✓Healthy Growth (revenue YoY +38.0 %/yr)
!Thin margins · 0.8% net margin (TTM)
!High debt · generates free cash flow
·7.62% dividend yield
!Mixed vs. peers (7/13)
!Narrow moat 35/100
!Evidence only medium, so the estimate is less certain
!Weak on balance sheet: 19 out of 100
Watch MORELD AS for free, get notified when fair value or trend changes. Plus fair value for all 35,000+ stocks, 14 days of Pro free, no card. Watch for free Pro now: $1 first month

What runs behind every stock

26 valuation models 8 families, DCF to NCAV 37 quality factors margins, balance sheet, cashflow, debt 6 AI factors moat, what no ratio measures 2,000+ data points verified, per stock, median

69 individual criteria per stock, every one traceable See the method →

Price vs Fair Value

kr 25.45 kr 9.85 Fair Value kr 65.78 Dec 2024 Sep 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 24, 2026.

How to read this chart

21‑month range kr 9.85 – kr 25.45 · fair‑value band kr 46.04 – kr 85.51 · the kr 23.10 price screens below the kr 65.78 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 24, 2026.

Follow MORELD AS in your weekly email

Every Wednesday you see whether MORELD AS is on track or worth a review, plus price against fair value. Free, up to 3 stocks.

We send you a confirmation link. Unsubscribe with one click.

Which stocks are undervalued right now? Check free Discover now →

Company profile

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.

Show more

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.

Stock analysis

MORELD AS (MORLD) currently trades at kr 23.10, while our model-based Fair Value estimate is kr 65.78, implying the stock looks roughly 64.9% undervalued today.

Show more

Valuation

Bull case: the DCF Models group reads highest at a median of kr 116.02 per share, and 20 of the 26 models we run sit above the kr 23.10 price.

Bear case: the Economic Profit group reads lowest at kr 9.92, and 6 of the 26 models stay below the price. Evidence for this calculation is medium.

Scenario range: kr 46.04 (bear) to kr 85.51 (bull), the price of kr 23.10 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 75/100 (high quality), in the Energy sector.

Healthy Growth: Revenue growth appears healthy and is supported by profitability and cash-flow quality.

MORELD AS reported revenue of 9.8B NOK in FY2025 versus 1.1M NOK in FY2023, a compound +9,484.2%/yr. Reported net income was 285M NOK in FY2025.

Key figures

Market cap 4.1B NOK (≈ $427M) · P/E ratio 40.5 · P/S ratio 1.17 · EPS (TTM) kr 0.5700 · Dividend yield 7.6% · Net margin 2.9% · Return on equity 15.0% · Return on assets (EBIT) 6.4%.

Competitive moat

Our AI-assisted moat analysis scores the competitive advantage at 48 out of 100 (low confidence).

What moves the price

The share trades about 9% below its 52-week high and 55% above its 52-week low, currently above its 200-day average.

For context, the median of 10 Energy peers we cover trades at −23% fair-value upside, at 185%, MORLD screens cheaper than that median.

Fair Value models

Bear kr 46.04 Fair Value kr 65.78 Bull kr 85.51
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. 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.
Highest evidence
EPV kr 27.79 kr 31.72 kr 35.00 71
FCF DCF kr 101.81 kr 149.12 kr 290.49 68
Growth DCF kr 95.31 kr 165.52 kr 275.84 68
All 26 models by family
DCF Models
FCF DCF kr 101.81 kr 149.12 kr 290.49 68
Owner Earnings kr 114.96 kr 239.42 kr 470.34 63
5Y Revenue Exit kr 62.71 kr 99.83 kr 176.76 62
5Y EBITDA Exit kr 70.72 kr 116.02 kr 204.45 64
5Y P/E Exit kr 43.60 kr 73.74 kr 110.60 62
10Y Revenue Exit kr 74.67 kr 142.39 kr 178.79 59
10Y EBITDA Exit kr 81.59 kr 158.13 kr 283.99 58
10Y P/E Exit kr 63.50 kr 104.86 kr 163.44 56
Earnings-Based
Graham-Dodd kr 10.90 kr 76.04 kr 106.72 56
Lynch FV kr 39.29 kr 56.12 kr 72.96 54
PEG = 1.0 kr 39.29 kr 56.12 kr 72.96 51
EPV kr 27.79 kr 31.72 kr 35.00 71
Dividend Discount
Gordon GGM kr 9.80 kr 17.67 kr 24.32 60
DDM Multi-Stage kr 9.80 kr 16.14 kr 18.87 60
Multiples
P/E Multiple kr 16.84 kr 22.45 kr 28.06 63
P/S Multiple kr 20.45 kr 27.26 kr 34.08 58
P/B Multiple kr 6.02 kr 8.02 kr 10.03 55
EV/EBIT kr 33.17 kr 44.59 kr 56.00 66
EV/EBITDA kr 55.05 kr 73.76 kr 92.47 67
EV/Revenue kr 40.48 kr 58.29 kr 76.09 53
Asset-Based
NCAV (Graham) kr 2.23 kr 2.99 kr 4.46 54
Growth DCF
Growth DCF kr 95.31 kr 165.52 kr 275.84 68
Rev-Margin DCF kr 68.76 kr 114.44 kr 210.68 62
Economic Profit
Residual Income kr 8.32 kr 9.92 kr 31.28 57
ROIC Compounder kr 33.04 kr 44.85 kr 58.40 64
Growth Earnings
Growth-Adj P/E kr 46.04 kr 65.78 kr 85.51 60

Open the full fair value analysis →

Notify me when MORLD reaches fair value

Put MORLD on your watchlist. We get in touch as soon as price and fair value meet or the trend turns.

Set up alert →

Quality Score breakdown

Overall quality 75/100

Of which business quality 74 · Market factors (momentum, volatility) 77

Profitability 73
Margins and returns on capital today
Quality Growth 76
Are margins and returns improving?
Cashflow 79
Earnings quality: real cash, not paper profit
Fin. Strength 54
Balance sheet, leverage, solvency risk
Investment 100
Disciplined investing over empire-building
Low Volatility 59
Calm price path (market factor)
Momentum 88
Price trend over the last 3–12 months (market factor)
52W Momentum 82
Distance to the 52-week high (market factor)
Net Issuance 78
Share count: buybacks or dilution?

Open the full quality analysis →

Revenue & earnings trend

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. 95/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: only 3 usable fiscal years, at least 4 required
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).
−21.9%
Yearly growth needed for the next five years to justify today's price.
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 −23.7% a year for the price.

Watch MORLD, get fair value alerts →

Compare MORELD AS with another stock

Price, fair value, quality and upside side by side.

Free, no sign-up

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.Oil & Gas Equipment & Services · 190 stocks

Beats the industry median on 7/12 measures
A mixed picture versus its industry peers.
Valuation
Quality Score 75 · Top 25%
Fair Value upside +185% · Top 25%
Profitability
Return on equity (TTM) 15% · Top 25%
Return on assets 3% · Above median
Net margin (TTM) 1% · Below median
Operating margin (TTM) −12% · Bottom 25%
Growth and dividend
Revenue growth −53% · Bottom 25%
Dividend yield (TTM) 7.6% · Top 25%
Balance sheet
Debt / equity 1.62× · Highest 25%

Valuation Multiplesvs Oil & Gas Equipment & Services median · lower = cheaper

P/E (TTM) 40.5× · Priciest 25%
P/B 5.15× · book value is mostly goodwill ⓘGoodwill and other intangible assets are larger than the equity. The book value mainly reflects prices paid for past acquisitions, so we do not rank this P/B against the peer group.
P/S (TTM) 0.49× · Cheaper than median
P/FCF 0.3× · Cheapest 25%

Strength profile in five axes (Snowflake)

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE (fair-value potential)100 · sector 16
FUTURE (revenue growth)0 · sector 6
PAST (return on equity)60 · sector 28
HEALTH (low debt)19 · sector 91
DIVIDEND (yield)100 · sector 34

Context: sector, industry, market

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

Oil & gas

Similar stocks

10 more Oil & Gas Equipment & Services stocks, each showing price versus our Fair Value estimate.

Stock Price Fair Value vs Fair Value
SLB N.V SLB $51.87 $28.66 −45%
Baker Hughes Company BKR $58.03 $32.40 −44%
TechnipFMC plc FTI $70.82 $27.68 −61%
Halliburton Company HAL $33.01 $21.50 −35%
Tenaris S.A TEN €24.89 €19.07 −23%
Yantai Jereh Oilfield Services Group 002353 ¥118.92 ¥128.30 +8%
Subsea 7 S.A SUBC kr 319.80 kr 250.82 −22%
Saipem SpA SPM €4.36 €2.72 −38%
China Oilfield Services Limited 601808 ¥12.12 ¥13.04 +8%
Gaztransport & Technigaz SA GTT €223.40 €245.74 +10%

Explore undervalued stocks

More undervalued Energy stocks →

All undervalued stocks TechnologyFinancial ServicesHealthcareConsumer CyclicalConsumer DefensiveCommunication ServicesIndustrialsEnergyBasic MaterialsReal EstateUtilities Deeply Undervalued StocksUndervalued High-Quality StocksUndervalued Blue-Chip StocksUndervalued Small-Cap StocksUndervalued Dividend Stocks

Try a ready-made strategy

Pick a strategy and jump into the live analysis with that exact screen applied.

🥇 Backtested Best 🏆 Big Names ⭐ Top Rated 💎 Quality on Sale 🚀 Profitable Growth 🧊 Quality Compounders 💵 Dividend Stars 📈 Strong Momentum 📉 Fallen Angels ⚖️ Deeply Undervalued 🔍 Small-Cap Gems 🏰 Moat at a Fair Price 💼 Insider Buying 🎩 Buffett-Style Quality 📚 Peter Lynch GARP 🧮 Greenblatt Magic Formula 🛡️ Graham Defensive

Discover tools

Stock screenerFilter by region, size and sector Compare toolTwo stocks side by side Extrinsic Value Calculator…Calculator with industry benchmark Peter Lynch Fair Value Formula &…Calculator with industry benchmark
Run the numbers yourself: free valuation calculators
DCF CalculatorGraham NumberPeter Lynch FormulaDDM CalculatorFama-French ModelIntrinsic Value
For bloggers & editors: embed code + live data

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.

MORELD AS · Fair Value
kr 65.78 +65%Fair Value
Calculator →

Cite: Fair Value Calculator (2026). "MORELD AS Fair Value". https://www.fairvalue-calculator.com/stock/MORLD

Frequently asked questions

Is MORELD AS (MORLD) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of kr 65.78 versus a price of kr 23.10, about +185% upside (undervalued).
What is the fair value of MORLD?
Our model-based fair value for MORELD AS is kr 65.78 (as of Sep 24, 2026), built from audited fundamentals. The current price: kr 23.10.
What is the quality score of MORLD?
MORELD AS has a Quality Score of 75/100. 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 MORELD AS (MORLD)?
Our model-based price target is the fair value of kr 65.78 (as of Sep 24, 2026) from 26 valuation models. Cautious scenario kr 46.04, optimistic scenario kr 85.51. It is a calculation from audited fundamentals, not an analyst target.
What is the MORELD AS stock forecast for 2026?
Our models put fair value at kr 65.78, about +185% upside versus a price of kr 23.10 (undervalued). Cautious scenario kr 46.04, optimistic scenario kr 85.51. The calculation is refreshed regularly with new filings.
What is the revenue of MORELD AS (MORLD)?
MORELD AS reported trailing-twelve-month revenue of about 8.3B NOK (latest available figure, as of Sep 24, 2026).
Does MORELD AS pay a dividend?
MORELD AS currently shows a dividend yield of about 7.62% relative to its recent price (as of Sep 24, 2026).
What growth is priced into MORELD AS (MORLD)?
For today's price to be fair in a discounted-cash-flow model, MORELD AS would have to grow free cash flow by -21.9 % per year for five years (discount rate 11.0 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 2 years revenue grew +9484.2 % per year. As of Sep 24, 2026.
What discount rate (WACC) does the fair value of MORLD use?
Our models discount MORELD AS at 11.0 %: a base by market capitalisation (small), 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 MORELD AS that is -21.9 % per year a year over ten years, using the same discount rate (11.0 %) and the same formula as our fair value.
How much growth has MORELD AS (MORLD) delivered so far?
Over the past 2 years revenue at MORELD AS grew +9484.2 % a year. The price currently implies -21.9 % per year free-cash-flow growth a 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 MORELD AS (MORLD) growing?
The median revenue growth in the sector is +1.9 % a year. That is the yardstick for the growth priced into MORELD AS (-21.9 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of MORELD AS (MORLD)?
The free-cash-flow yield on the price is 32.74 %: that much free cash flow MORELD AS produces per unit of market value. When it exceeds the discount rate of our models (11.0 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of MORELD AS (MORLD)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For MORELD AS it is kr 65.78 per share (as of Sep 24, 2026), against a price of kr 23.10. It is the blended result of 26 valuation models (cash flow, earnings, asset, dividend).
Is MORELD AS stock overvalued or undervalued in 2026?
As of Sep 24, 2026, MORLD trades below its calculated fair value: price kr 23.10, fair value kr 65.78, a gap of about +185% (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 MORLD?
No. The price is what the market pays today (kr 23.10); the fair value is what the company's own numbers justify (kr 65.78). For MORELD AS the two are kr 42.68 per share apart. That gap is exactly why we show both numbers side by side.
How much is MORELD AS worth?
The market values MORELD AS at about 4.1B NOK (market capitalisation, as of Sep 24, 2026). Per share that is kr 23.10; our models calculate a fair value of kr 65.78 per share.
What do the bullish and bearish scenarios say about MORLD?
Our models span a range for MORELD AS: cautious scenario kr 46.04, base kr 65.78, optimistic kr 85.51 per share (as of Sep 24, 2026, price kr 23.10). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of MORLD?
MORELD AS trades at a price-to-earnings ratio of 40.5 (as of Sep 24, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of kr 65.78 is built from several models across several years. Other multiples: P/B 5.2, P/S 0.5.
How solid is the balance sheet of MORELD AS (MORLD)?
Balance-sheet figures for MORELD AS (as of Sep 24, 2026): return on equity 15.0%, debt of 1.62 per unit of equity. They feed the Quality Score of 75/100, which measures business quality independently of the share price.
How far is MORLD from its 52-week high?
MORELD AS trades at kr 23.10, about 9% below its 52-week high of kr 25.45 and 55% above the low of kr 14.86 (as of Sep 24, 2026). Distance from the high says nothing about value: that is what the fair value of kr 65.78 is for.
Which stocks are comparable to MORELD AS?
From the same area (Energy) we also value SLB N.V, Baker Hughes Company, TechnipFMC plc, Halliburton Company, 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 MORELD AS stock attractive at the current price?
The data as of Sep 24, 2026: price kr 23.10, calculated fair value kr 65.78 (+185%), Quality Score 75/100, 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 MORLD calculated?
We run MORELD AS through 26 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 65.78, 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 14.0 % above its aggregate fair value. MORELD AS currently trades 185 % 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 MORELD AS (MORLD)?
The closing price on Sep 24, 2026 was kr 23.10. Our model-based fair value is kr 65.78, about +185% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with MORELD AS right now?
The rarer combination: high quality (75/100) AND below fair value. That earns a closer look rather than a quick verdict. The price is below even our cautious bear case (kr 46.04). The market is more pessimistic than our downside scenario. A fairly wide model range (kr 46.04 to kr 85.51) leaves room in how you read the outcome.

Key figures of MORELD AS

How large is the market capitalisation of MORELD AS (MORLD)?
The market capitalisation of MORELD AS is 4.1B NOK (≈ $427M). 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 MORELD AS (MORLD)?
The price-to-sales ratio of MORELD AS is 1.17 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of MORELD AS (MORLD)?
Earnings per share at MORELD AS are kr 0.5700 (price ÷ EPS = P/E 40.5). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of MORELD AS (MORLD)?
The dividend yield of MORELD AS is 7.6%. 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 MORELD AS (MORLD)?
The net margin of MORELD AS is 2.9% (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 MORELD AS (MORLD)?
The return on equity (ROE) of MORELD AS is 15.0% (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 MORELD AS (MORLD)?
On an EBIT basis the return on assets of MORELD AS is 6.4% (avg 3y). 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 MORELD AS (MORLD)?
The operating margin of MORELD AS is −12.1% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at MORELD AS (MORLD)?
Revenue at MORELD AS is growing −52.5% versus a year earlier. 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 MORELD AS (MORLD)?
Earnings per share at MORELD AS are growing −72.9% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does MORELD AS (MORLD) carry?
The net debt of MORELD AS is 190M NOK (fiscal year 2025, ≈ 0.1 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
Free · no account needed

Watch MORELD AS in the live analysis

One click puts MORELD AS on your watchlist: fair value and trend at a glance, plus comparison, the diversification check and the 35,000+ stock screener. You can also try 14 days of Pro there, no card.

Watch for free →

Zero risk: nothing is ever charged. Your watchlist is yours, with or without an account.