Saga Pure ASA (SAGA) fair value: what the stock is really worth
As of Sep 23, 2026: fair value of Saga Pure ASA NOK 1.27, price NOK 1.55, upside -18.3%, quality 60 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Price vs Fair Value
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
60‑month range kr 1.18 – kr 3.26 · fair‑value band kr 0.9520 – kr 1.59 · the kr 1.55 price screens above the kr 1.27 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). 1 fiscal year is left out: there the valuation rested on only a fraction of the usual models. Dashed = 300-day average. As of Sep 24, 2026.
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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.
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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.
Stock analysis
Saga Pure ASA (SAGA) currently trades at kr 1.55, while our model-based Fair Value estimate is kr 1.27, implying the stock looks roughly 22.3% overvalued today.
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Valuation
How firm this estimate is: it rests on 14 models at a data quality of 95/100, which puts the evidence level at low.
Scenario range: kr 0.9520 (bear) to kr 1.59 (bull), the price of kr 1.55 sits inside 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 60/100 (solid quality), in the Financial Services sector.
Weak Growth: Revenue growth is weak, negative or inconsistent.
Saga Pure ASA reported revenue of 9.3M NOK in FY2025 versus 136M NOK in FY2021, a compound −48.9%/yr. Reported net income was 8.3M NOK in FY2025, compounding −56.6%/yr from FY2021.
Key figures
Market cap 1.0B NOK (≈ $110M) · P/S ratio 36.1 · Net margin 88.9% · Return on equity 0.6% · Return on assets (EBIT) −1.2% · Operating margin 65.6% · Revenue (TTM) 27.8M NOK · Revenue growth (YoY) −13.8%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 47 out of 100 (low confidence).
What moves the price
The share trades about 9% below its 52-week high and 17% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Financial Services peers we cover trades at −4% fair-value upside, at −18%, SAGA screens richer than that median.
Fair Value models
Bear kr 0.9520Fair Value kr 1.27Bull kr 1.59
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.
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.40/100
Revenue growth is weak, negative or inconsistent.
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.
−44.4%
Start year 2020 (pandemic). Over 10 years: −7.4% a year
Revenue growth 15 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.
−19.5%
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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.
−51.7%
Earnings growth per share plus dividend.
Earnings per share, growth per year−51.7%
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.−52% vs −14%, 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.89% → −130%
Start year 2020 (pandemic)
Growth Forecast
A lot of optimism in the price
The price assumes more 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).
−39.6%
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 −41.0% a year for the price.
Price, fair value, quality and upside side by side.
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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.Asset Management · 659 stocks
Beats the industry median on 4/10 measures
A mixed picture versus its industry peers.
Valuation
Quality Score60 · Above median
Fair Value upside−18% · Below median
Profitability
Return on equity (TTM)1% · Below median
Return on assets1% · Below median
Net margin (TTM)22% · Below median
Operating margin (TTM)66% · Above median
Growth and dividend
Revenue growth−14% · Bottom 25%
Valuation Multiplesvs Asset Management median · lower = cheaper
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). "Saga Pure ASA Fair Value". https://www.fairvalue-calculator.com/stock/SAGA
Frequently asked questions
Is Saga Pure ASA (SAGA) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of kr 1.27 versus a price of kr 1.55, about −18% upside (overvalued).
What is the fair value of SAGA?
Our model-based fair value for Saga Pure ASA is kr 1.27 (as of Sep 24, 2026), built from audited fundamentals. The current price: kr 1.55.
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 price target for Saga Pure ASA (SAGA)?
Our model-based price target is the fair value of kr 1.27 (as of Sep 24, 2026) from 2 valuation models. Cautious scenario kr 0.9520, optimistic scenario kr 1.59. It is a calculation from audited fundamentals, not an analyst target.
What is the Saga Pure ASA stock forecast for 2026?
Our models put fair value at kr 1.27, about −18% upside versus a price of kr 1.55 (overvalued). Cautious scenario kr 0.9520, optimistic scenario kr 1.59. The calculation is refreshed regularly with new filings.
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 Sep 24, 2026).
What growth is priced into Saga Pure ASA (SAGA)?
For today's price to be fair in a discounted-cash-flow model, Saga Pure ASA would have to grow free cash flow by -39.6 % per year for five years (discount rate 11.2 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew -44.4 % per year. As of Sep 24, 2026.
What discount rate (WACC) does the fair value of SAGA use?
Our models discount Saga Pure ASA at 11.2 %: a base by market capitalisation (micro), damped by beta 0.57, 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 Saga Pure ASA that is -39.6 % per year a year over ten years, using the same discount rate (11.2 %) and the same formula as our fair value.
How much growth has Saga Pure ASA (SAGA) delivered so far?
Over the past 5 years revenue at Saga Pure ASA grew -44.4 % a year. The price currently implies -39.6 % 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 Saga Pure ASA (SAGA) growing?
The median revenue growth in the sector is +3.3 % a year. That is the yardstick for the growth priced into Saga Pure ASA (-39.6 % 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 Saga Pure ASA (SAGA)?
The free-cash-flow yield on the price is 15.54 %: that much free cash flow Saga Pure ASA produces per unit of market value. When it exceeds the discount rate of our models (11.2 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Saga Pure ASA (SAGA)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Saga Pure ASA it is kr 1.27 per share (as of Sep 24, 2026), against a price of kr 1.55. It is the blended result of 2 valuation models (cash flow, earnings, asset, dividend).
Is Saga Pure ASA stock overvalued or undervalued in 2026?
As of Sep 24, 2026, SAGA trades above its calculated fair value: price kr 1.55, fair value kr 1.27, a gap of about −18% (overvalued). 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 SAGA?
No. The price is what the market pays today (kr 1.55); the fair value is what the company's own numbers justify (kr 1.27). For Saga Pure ASA the two are kr 0.2830 per share apart. That gap is exactly why we show both numbers side by side.
How much is Saga Pure ASA worth?
The market values Saga Pure ASA at about 1.0B NOK (market capitalisation, as of Sep 24, 2026). Per share that is kr 1.55; our models calculate a fair value of kr 1.27 per share.
What do the bullish and bearish scenarios say about SAGA?
Our models span a range for Saga Pure ASA: cautious scenario kr 0.9520, base kr 1.27, optimistic kr 1.59 per share (as of Sep 24, 2026, price kr 1.55). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of Saga Pure ASA (SAGA)?
Balance-sheet figures for Saga Pure ASA (as of Sep 24, 2026): return on equity 0.6%. They feed the Quality Score of 60/100, which measures business quality independently of the share price.
How far is SAGA from its 52-week high?
Saga Pure ASA trades at kr 1.55, about 9% below its 52-week high of kr 1.70 and 17% above the low of kr 1.33 (as of Sep 23, 2026). Distance from the high says nothing about value: that is what the fair value of kr 1.27 is for.
Which stocks are comparable to Saga Pure ASA?
From the same area (Financial Services) we also value Blackstone Inc, Brookfield Corporation, KKR & Co, Apollo Global Management, Inc, 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 Saga Pure ASA stock attractive at the current price?
The data as of Sep 24, 2026: price kr 1.55, calculated fair value kr 1.27 (−18%), Quality Score 60/100, from 2 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 SAGA calculated?
We run Saga Pure ASA through 2 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 1.27, 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 14.1 % above its aggregate fair value. Saga Pure ASA itself currently trades above fair value. 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 Saga Pure ASA (SAGA)?
The closing price on Sep 23, 2026 was kr 1.55. Our model-based fair value is kr 1.27, about −18% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Saga Pure ASA right now?
Solid but not exceptional quality (60/100) and above fair value, neither a clear bargain nor a standout compounder. Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual. For a financial, book-value and earnings-based methods matter more than a cash-flow DCF, which fits banks and insurers poorly.
Key figures of Saga Pure ASA
How large is the market capitalisation of Saga Pure ASA (SAGA)?
The market capitalisation of Saga Pure ASA is 1.0B NOK (≈ $110M). 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 Saga Pure ASA (SAGA)?
The price-to-sales ratio of Saga Pure ASA is 36.1 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What is the net margin of Saga Pure ASA (SAGA)?
The net margin of Saga Pure ASA is 88.9% (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 Saga Pure ASA (SAGA)?
The return on equity (ROE) of Saga Pure ASA is 0.6% (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 Saga Pure ASA (SAGA)?
On an EBIT basis the return on assets of Saga Pure ASA is −1.2% (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 Saga Pure ASA (SAGA)?
The operating margin of Saga Pure ASA is 65.6% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Saga Pure ASA (SAGA)?
Revenue at Saga Pure ASA is growing −13.8% 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 Saga Pure ASA (SAGA)?
Earnings per share at Saga Pure ASA are growing −44.3% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net cash does Saga Pure ASA (SAGA) hold?
Saga Pure ASA holds more cash than debt, 644M NOK net (fiscal year 2024). The company holds more cash than debt, a safety cushion.
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