Scatec Solar OL (SCATC) fair value: what the stock is really worth
As of Sep 23, 2026: fair value of Scatec Solar OL NOK 95.50, price NOK 101, upside -5.5%, quality 41 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 52.85 – kr 233.71 · fair‑value band kr 50.51 – kr 137.82 · the kr 101.00 price screens above the kr 95.50 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 24, 2026.
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Scatec ASA, together with its subsidiaries, provides renewable energy solutions. The company operates through Power Production and Development & Construction segments. It produces and sells solar, wind, and hydro generated electricity.
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Scatec ASA, together with its subsidiaries, provides renewable energy solutions. The company operates through Power Production and Development & Construction segments. It produces and sells solar, wind, and hydro generated electricity. The company also develops, builds, owns, and operates solar, wind, and hydro power plants; and storage solutions, including solar, wind, hydropower, battery storage and hybrid systems. The company is also involved in the engineering, procurement, and construction activities. It has operations in South Africa, Egypt, Ukraine, Malaysia, Pakistan, Jordan, Honduras, the Czech Republic, Botswana, Vietnam, and internationally. The company was formerly known as Scatec Solar ASA and changed its name to Scatec ASA in November 2020. Scatec ASA was incorporated in 2007 and is headquartered in Oslo, Norway.
Stock analysis
Scatec Solar OL (SCATC) currently trades at kr 101.00, while our model-based Fair Value estimate is kr 95.50, implying the stock looks roughly 5.8% fairly valued today.
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Valuation
Bull case: the Growth Earnings group reads highest at a median of kr 113.38 per share, and 6 of the 13 models we run sit above the kr 101.00 price.
Bear case: the Dividend Discount group reads lowest at kr 13.28, and 7 of the 13 models stay below the price. Evidence for this calculation is medium.
Scenario range: kr 50.51 (bear) to kr 137.82 (bull), the price of kr 101.00 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 41/100 (below-average quality), in the Utilities sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Scatec Solar OL reported revenue of 3.6B NOK in FY2025 versus 3.0B NOK in FY2021, a compound +4.5%/yr. Reported net income was 979M NOK in FY2025, compounding +26.0%/yr from FY2021.
Key figures
Market cap 16.0B NOK (≈ $1.7B) · P/E ratio 315.6 · P/S ratio 85.2 · EPS (TTM) kr 0.3200 · Dividend yield 1.1% · Net margin 27.0% · Return on equity 0.3% · Return on assets (EBIT) 6.4%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 47 out of 100 (medium confidence).
What moves the price
The last reported earnings sit well below what analysts expect (earnings in transition, for example after write-downs or an earnings dip); whether the stock is cheap or expensive hinges on the expected recovery actually arriving. Read the fair value with that caveat.
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 Utilities peers we cover trades at −34% fair-value upside, at −5%, SCATC screens cheaper than that median.
Fair Value models
Bear kr 50.51Fair Value kr 95.50Bull kr 137.82
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. Based on fiscal year 2025 figures (about 9 months old). Earnings retained since then (kr 0.2341 per share) are deliberately not added.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.26/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
−16.9%
Revenue growth 3 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.
+6.5%
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.
+5.5%
Start year 2020 (pandemic). Over 10 years: +15.4% a year
Revenue growth 13 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.
+13.9%
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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.
+28.5%
Earnings growth per share plus dividend.
Earnings per share, growth per year+27.4%
Dividend (yield on the price)1.1%
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.27% vs 32%, 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.33% → 77%
News mood ⓘNews mood, the average tone of recent news (30 articles), rated against how stocks are usually covered. 🚀 Hype = unusually upbeat · 🙂 Positive = above average · 😐 Neutral = typical · 🙁 Negative = below average · 😨 Very negative = unusually downbeat. It reflects the tone of coverage, not our valuation.Hype
Recent news coverage is unusually upbeat, far more positive than stocks are typically covered.
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.Utilities - Renewable · 210 stocks
Beats the industry median on 2/13 measures
Overall it trails its industry peers.
Valuation
Quality Score41 · Below median
Fair Value upside−5% · Above median
Profitability
Return on equity (TTM)0% · Below median
Return on assets2% · Below median
Net margin (TTM)2% · Below median
Operating margin (TTM)35% · Top 25%
Growth and dividend
Revenue growth−1% · Below median
Dividend yield (TTM)1.1% · Below median
Balance sheet
Debt / equity2.83× · Highest 25%
Valuation Multiplesvs Utilities - Renewable 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). "Scatec Solar OL Fair Value". https://www.fairvalue-calculator.com/stock/SCATC
Frequently asked questions
Is Scatec Solar OL (SCATC) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of kr 95.50 versus a price of kr 101.00, about −5% upside (fairly valued).
What is the fair value of SCATC?
Our model-based fair value for Scatec Solar OL is kr 95.50 (as of Sep 24, 2026), built from audited fundamentals. The current price: kr 101.00.
What is the quality score of SCATC?
Scatec Solar OL has a Quality Score of 41/100. 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 Scatec Solar OL (SCATC)?
Our model-based price target is the fair value of kr 95.50 (as of Sep 24, 2026) from 15 valuation models. Cautious scenario kr 50.51, optimistic scenario kr 137.82. It is a calculation from audited fundamentals, not an analyst target.
What is the Scatec Solar OL stock forecast for 2026?
Our models put fair value at kr 95.50, about −5% upside versus a price of kr 101.00 (fairly valued). Cautious scenario kr 50.51, optimistic scenario kr 137.82. The calculation is refreshed regularly with new filings.
What is the revenue of Scatec Solar OL (SCATC)?
Scatec Solar OL reported trailing-twelve-month revenue of about 3.6B NOK (latest available figure, as of Sep 24, 2026).
Does Scatec Solar OL pay a dividend?
Scatec Solar OL currently shows a dividend yield of about 1.07% relative to its recent price (as of Sep 24, 2026).
What is the intrinsic value of Scatec Solar OL (SCATC)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Scatec Solar OL it is kr 95.50 per share (as of Sep 24, 2026), against a price of kr 101.00. It is the blended result of 15 valuation models (cash flow, earnings, asset, dividend).
Is Scatec Solar OL stock overvalued or undervalued in 2026?
As of Sep 24, 2026, SCATC trades above its calculated fair value: price kr 101.00, fair value kr 95.50, a gap of about −5% (fairly valued). 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 SCATC?
No. The price is what the market pays today (kr 101.00); the fair value is what the company's own numbers justify (kr 95.50). For Scatec Solar OL the two are kr 5.50 per share apart. That gap is exactly why we show both numbers side by side.
How much is Scatec Solar OL worth?
The market values Scatec Solar OL at about 16.0B NOK (market capitalisation, as of Sep 24, 2026). Per share that is kr 101.00; our models calculate a fair value of kr 95.50 per share.
What do the bullish and bearish scenarios say about SCATC?
Our models span a range for Scatec Solar OL: cautious scenario kr 50.51, base kr 95.50, optimistic kr 137.82 per share (as of Sep 24, 2026, price kr 101.00). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of SCATC?
Scatec Solar OL trades at a price-to-earnings ratio of 315.6 (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 95.50 is built from several models across several years. Other multiples: P/B 1.6, P/S 4.4, EV/EBITDA 16.9.
How solid is the balance sheet of Scatec Solar OL (SCATC)?
Balance-sheet figures for Scatec Solar OL (as of Sep 24, 2026): return on equity 0.3%, debt of 2.83 per unit of equity. They feed the Quality Score of 41/100, which measures business quality independently of the share price.
How far is SCATC from its 52-week high?
Scatec Solar OL trades at kr 101.00, about 26% below its 52-week high of kr 135.70 and 11% above the low of kr 90.65 (as of Sep 23, 2026). Distance from the high says nothing about value: that is what the fair value of kr 95.50 is for.
Which stocks are comparable to Scatec Solar OL?
From the same area (Utilities) we also value China Yangtze Power Co, Ørsted A/S, Huaneng Lancang River Hydropower Inc, Adani Green Energy Limited, 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 Scatec Solar OL stock attractive at the current price?
The data as of Sep 24, 2026: price kr 101.00, calculated fair value kr 95.50 (−5%), Quality Score 41/100, from 15 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 SCATC calculated?
We run Scatec Solar OL through 15 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 95.50, 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. Scatec Solar OL 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 Scatec Solar OL (SCATC)?
The closing price on Sep 23, 2026 was kr 101.00. Our model-based fair value is kr 95.50, about −5% upside (fairly valued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Scatec Solar OL right now?
The model range is unusually wide (kr 50.51 to kr 137.82). The outcome hinges heavily on assumptions, so read the point estimate with caution. The price sits close to our fair value, market and models broadly agree here, little valuation tension.
Where does the earnings growth of Scatec Solar OL (SCATC) come from?
Earnings per share at Scatec Solar OL grew +17.1 % a year from 2013 to 2024. Broken into its drivers: revenue per share +4.9 %, EBIT margin +13.0 %, tax rate +5.7 %, residual (interest, one-offs) −6.5 %. The four rates multiply to the earnings growth rate, they do not add up. Start and end are three-year averages so a single exceptional year does not distort the result.
Key figures of Scatec Solar OL
How large is the market capitalisation of Scatec Solar OL (SCATC)?
The market capitalisation of Scatec Solar OL is 16.0B NOK (≈ $1.7B). 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 Scatec Solar OL (SCATC)?
The price-to-sales ratio of Scatec Solar OL is 85.2 (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 Scatec Solar OL (SCATC)?
Earnings per share at Scatec Solar OL are kr 0.3200 (price ÷ EPS = P/E 315.6). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Scatec Solar OL (SCATC)?
The dividend yield of Scatec Solar OL is 1.1%. 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 Scatec Solar OL (SCATC)?
The net margin of Scatec Solar OL is 27.0% (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 Scatec Solar OL (SCATC)?
The return on equity (ROE) of Scatec Solar OL is 0.3% (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 Scatec Solar OL (SCATC)?
On an EBIT basis the return on assets of Scatec Solar OL is 6.4% (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 Scatec Solar OL (SCATC)?
The operating margin of Scatec Solar OL is 34.7% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Scatec Solar OL (SCATC)?
Revenue at Scatec Solar OL is growing −1.3% versus a year earlier (3y avg +6.5%). 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 Scatec Solar OL (SCATC)?
Earnings per share at Scatec Solar OL are growing +35.4% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Scatec Solar OL (SCATC) generate?
The free cash flow of Scatec Solar OL is −3.6B NOK (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does Scatec Solar OL (SCATC) carry?
The net debt of Scatec Solar OL is 25.7B NOK (fiscal year 2025). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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