Scana ASA (SCANA) Fair Value & Analysis
Industrials · NO · Market cap 651M NOK
Fair value as of: Jul 14, 2026
From 11 valuation models · updated 27 days ago
Share price +3.5% over the past month.
Below-average quality, screening 106% undervalued on our models.
What matters now
- The price is below even our cautious bear case (kr 2.23). The market is more pessimistic than our downside scenario.
- Solid quality (47/100) at a price below fair value, the discount is the argument here, not the business quality.
Price vs Fair Value (5 years)
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 0.9870 – kr 3.42 · fair‑value band kr 2.23 – kr 3.78 · the kr 1.46 price screens below the kr 3.01 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 14, 2026.
Analysis
Scana ASA (SCANA) currently trades at kr 1.46, while our model-based Fair Value estimate is kr 3.01, implying the stock looks roughly 106.2% undervalued today. The Quality Score stands at 47/100 (below-average quality), in the Industrials 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, Scana ASA generated revenue of 1.6B NOK at a net margin of -2.3%. Revenue grew 0.4% year over year. It earns a return on equity of -5.6%. Net debt stands at 38.0M NOK. Fundamentals as of Jul 14, 2026
Our scenario range runs from kr 2.23 (bear case) to kr 3.78 (bull case); at kr 1.46, the current price sits below 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 26% below its 52-week high and 11% above its 52-week low, currently below its 200-day average. For context, the median of 10 Industrials peers we cover trades at -48% fair-value upside, at 106%, SCANA 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 11 models by family
Widest divergence: Growth DCF (kr 3.57) versus Asset-Based (kr 0.9100). Highest evidence: Growth DCF (80).
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Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Jul 14, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 48 · Market factors (momentum, volatility) 47
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
Scana ASA provides technology and services for the offshore and energy industries in Norway, other European countries, the United States, Asia, and Africa. It operates in two segments: Energy and Offshore.
Full company description
Scana ASA provides technology and services for the offshore and energy industries in Norway, other European countries, the United States, Asia, and Africa. It operates in two segments: Energy and Offshore. The company offers stress joints, mooring systems, actuators, bop, risers, maintenace, and surface treatment products; and energy storage solutions, shore power, and energy modules. It also provides product and service portfolio, including design and integration of electrical power systems, electrical infrastructure, energy storage systems, and control system. In addition, the company is involved in design and manufacturing of riser applications and specialist subsea equipment to rig servicing; ISS services; mooring systems; IMR lifecycle services for rigs and vessels; and mooring solutions and valve control systems to the shipping, energy, and aquaculture industry. Scana ASA was formerly known as Incus Investor ASA and changed its name to Scana ASA in May 2020. The company was founded in 1976 and is headquartered in Bergen, Norway.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
Scana ASA reported revenue of kr 1.6B in FY2025 versus kr 304M in FY2021, a compound +51.4%/yr. Reported net income was −kr 36.4M in FY2025.
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Peer Group
Specialty Industrial Machinery · 808 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 Specialty Industrial Machinery 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 Specialty Industrial Machinery stocks, each showing price versus our Fair Value estimate (as of Jul 14, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| GE Vernova Inc 1GEV | €887.60 | €186.93 | -79% |
| 1SIE 1SIE | €273.20 | €91.93 | -66% |
| SMNS SMNS | C$31.76 | C$22.68 | -29% |
| Eaton Corporation ETN | $407.28 | $171.92 | -58% |
| Atlas Copco AB ATCOA | kr 195.15 | kr 112.59 | -42% |
| Sandvik AB SAND | kr 384.10 | kr 193.01 | -50% |
| Doosan Enerbility Co 034020 | 76,400 KRW | 7,938 KRW | -90% |
| Vestas Wind Systems A/S VWS | kr 178.10 | kr 124.54 | -30% |
| Zhejiang Sanhua Intelligent Controls Co 002050 | ¥43.20 | ¥22.68 | -48% |
| NARI Technology Co 600406 | ¥22.19 | ¥18.71 | -16% |
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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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