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Saga Pure ASA (SAGA) Fair Value & Analysis

Financial Services · NO · Market cap 1.0B NOK

SP Saga Pure ASA SAGA · OL
Pricekr 1.59
Fair Valuekr 0.1870
Upside-88.2%
Quality60/100
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Weak Growth
Highly profitable · 21.7% net margin
Low debt · generates free cash flow
Mixed vs. peers (5/11)
Moderate moat 58/100
Evidence: High Range kr 0.1360 – kr 0.2295 Share as image

Fair value as of: Jul 14, 2026

From 2 valuation models · updated 27 days ago

Share price −1.9% over the past month.

A solid business, but screening 88% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (kr 0.2295). The favourable scenario is already priced in.
  • Solid but not exceptional quality (60/100) and above fair value, neither a clear bargain nor a standout compounder.
  • For a financial, book-value and earnings-based methods matter more than a cash-flow DCF, which fits banks and insurers poorly.
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Price vs Fair Value (5 years)

kr 3.26 kr 1.18 Fair Value kr 0.1870 May 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 14, 2026.

How to read this chart

60‑month range kr 1.18 – kr 3.26 · fair‑value band kr 0.1360 – kr 0.2295 · the kr 1.59 price screens above the kr 0.1870 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 14, 2026.

Full chart & analysis →

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Analysis

Saga Pure ASA (SAGA) currently trades at kr 1.59, while our model-based Fair Value estimate is kr 0.1870, implying the stock looks roughly 88.2% overvalued today. The Quality Score stands at 60/100 (solid quality), in the Financial Services sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: high).

Over the trailing twelve months, Saga Pure ASA generated revenue of 27.8M NOK at a net margin of 21.7%. Revenue grew 17.4% year over year. It earns a return on equity of 0.6%. The balance sheet holds a net cash position of 644M NOK. Fundamentals as of Jul 14, 2026

Our scenario range runs from kr 0.1360 (bear case) to kr 0.2295 (bull case); at kr 1.59, 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 8% below its 52-week high and 21% above its 52-week low, currently above its 200-day average. For context, the median of 10 Financial Services peers we cover trades at -12% fair-value upside, at -88%, SAGA screens richer 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.

Model BearBaseBull Evidence
Highest evidence
P/B Multiple kr 1.12 kr 1.49 kr 1.87 55
NCAV (Graham) kr 0.8800 kr 1.18 kr 1.76 50
All 2 models by family
Multiples
P/B Multiple kr 1.12 kr 1.49 kr 1.87 55
Asset-Based
NCAV (Graham) kr 0.8800 kr 1.18 kr 1.76 50

Widest divergence: Multiples (kr 1.49) versus Asset-Based (kr 1.18). Highest evidence: P/B Multiple (55).

Key figures & financial health

Revenue (TTM) 27.8M NOK
Revenue growth (YoY) -13.8%
Net margin 21.7%
Return on equity 0.6%
Free cash flow 163M NOK FY2025
Operating margin 65.6%
More key figures
EPS growth (YoY) -44.3%
Net cash 644M NOK FY2024

Figures from reported company fundamentals · as of Jul 14, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 60/100

Of which business quality 62 · Market factors (momentum, volatility) 66

Profitability 28
Margins and returns on capital today
Quality Growth 44
Are margins and returns improving?
Cashflow 100
Earnings quality: real cash, not paper profit
Fin. Strength 96
Balance sheet, leverage, solvency risk
Investment 86
Disciplined investing over empire-building
Low Volatility 89
Calm price path (market factor)
Momentum 55
Price trend over the last 3–12 months (market factor)
52W Momentum 61
Distance to the 52-week high (market factor)
Net Issuance 0
Buybacks instead of dilution

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

Saga Pure ASA, an investment company, engages in the investment and management related to industry, energy, and real estate. The company offers business activities, such as investment, management, operation, consultancy, ownership, and other services in other businesses.

Full company description

Saga Pure ASA, an investment company, engages in the investment and management related to industry, energy, and real estate. The company offers business activities, such as investment, management, operation, consultancy, ownership, and other services in other businesses. The company was formerly known as Saga Tankers ASA and changed its name to Saga Pure ASA in November 2020. Saga Pure ASA was incorporated in 2010 and is headquartered in Oslo, Norway.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Saga Pure ASA reported revenue of kr 9.3M in FY2025 versus kr 136M in FY2021, a compound −48.9%/yr. Reported net income was kr 8.3M in FY2025, compounding −56.6%/yr from FY2021.

Growth Quality 40/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
9.3M NOK
Avg. growth/yr (5Y)
−44.4%
Avg. growth/yr (15Y)
−19.5%
Revenue −48.9%/yr
FY21 kr 136M
FY22 −kr 1.3M
FY23 −kr 55.6M
FY24 −kr 19.4M
FY25 kr 9.3M
Net income −56.6%/yr
FY21 kr 234M
FY22 −kr 23.7M
FY23 −kr 137M
FY24 kr 3.0M
FY25 kr 8.3M

SAGA screens 88% overvalued. Compare with Fondul Proprietatea SA →

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Cite: Fair Value Calculator (2026). "Saga Pure ASA Fair Value". https://www.fairvalue-calculator.com/stock/SAGA

Peer Group

Asset Management · 973 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.

Quality Score 60 · Below median
Fair Value upside −88% · Bottom 25%
Return on equity (TTM) 1% · Below median
Return on assets 1% · Below median
Net margin (TTM) 22% · Below median
Operating margin (TTM) 66% · Above median
Revenue growth -14% · Bottom 25%

Valuation Multiples vs Asset Management median · lower = cheaper

P/B 0.10× · Cheaper than 75% of peers
P/S (TTM) 3.90× · Cheaper than median
P/FCF 0.7× · Cheaper than 75% of peers

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 · sector 37
FUTURE 0 · sector 6
PAST 2 · sector 26
HEALTH 100 · sector 95
DIVIDEND 0 · sector 69

VALUE 0: the price sits above our fair-value range.

Insider activity: 45/100

Values & ESG

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

None of the checked exposures detected

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Asset Management stocks, each showing price versus our Fair Value estimate (as of Jul 14, 2026).

Stock Price Fair Value vs Fair Value
Fondul Proprietatea SA FP $0.0420 $0.0800 +90%
BlackRock, Inc BLK $1,136 $465.75 -59%
Blackstone Inc BX $124.56 $16.35 -87%
Investor AB INVEB kr 423.70 kr 847.40 +100%
Brookfield Corporation BN C$62.45 C$10.12 -84%
KKR & Co KKR $100.94 $44.88 -56%
AB Industrivärden INDUA kr 532.50 kr 1,065 +100%
Jio Financial Services Limited JIOFIN ₹242.98 ₹40.19 -83%
Hedef Holding HEDEF 267.25 TRY 320.98 TRY +20%
Bajaj Holdings BAJAJHLDNG ₹10,398 ₹9,202 -12%

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Frequently asked questions

Is Saga Pure ASA (SAGA) overvalued or undervalued?
As of Jul 14, 2026, our model estimates a fair value of kr 0.1870 versus a price of kr 1.59, about −88% (overvalued).
What is the fair value of SAGA?
Our model-based fair value for Saga Pure ASA is kr 0.1870 (as of Jul 14, 2026), built from audited fundamentals. The current price is kr 1.59.
What is the quality score of SAGA?
Saga Pure ASA has a Quality Score of 60/100. 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 revenue of Saga Pure ASA (SAGA)?
Saga Pure ASA reported trailing-twelve-month revenue of about 27.8M NOK (latest available figure, as of Jul 14, 2026).
What is the net profit margin of SAGA?
The net profit margin of Saga Pure ASA is about 21.7%, meaning it keeps roughly 21.7% of revenue as net income. Based on the latest reported figures.

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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