Scatec Solar OL (SCATC) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of Scatec Solar OL stock NOK 100, price NOK 86.85, upside +15.3%, quality 45 out of 100. Rating: undervalued. Calculated from audited financials with 15 of our 26 valuation models and 37 quality factors, updated daily.
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 3, 2026.
How to read this chart
60‑month range kr 52.85 – kr 184.27 · fair‑value band kr 50.79 – kr 137.82 · the kr 86.85 price screens below the kr 100.14 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 3, 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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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 86.85, while our model-based Fair Value estimate is kr 100.14, implying the stock looks roughly 13% undervalued today.
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Valuation
Bull case: the Growth Earnings group reads highest at a median of kr 113.38 per share, and 5 of the 13 models we run sit above the kr 86.85 price.
Bear case: the Dividend Discount group reads lowest at kr 13.05, and 8 of the 13 models stay below the price. Data coverage for this calculation is low.
Scenario range: kr 50.79 (bear) to kr 137.82 (bull), the price of kr 86.85 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 45/100 (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 13.8B NOK (≈ $1.5B) Small · P/S ratio 3.55 · EPS (TTM) kr −7.65 · Dividend yield 1.2% · Net margin 27.0% · Return on equity −3.7% · Return on assets (EBIT) 6.4% (5-year average) · Operating margin 26.5%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 42 out of 100 (medium confidence).
What moves the price
The share trades about 36% below its 52-week high and 13% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Utilities peers we cover trades at −52% fair-value upside, at 15%, SCATC screens cheaper than that median.
Fair Value models
Bearkr 50.79Fair Value kr 100.14Bullkr 137.82
Price kr 86.85 · Upside +15.3%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models.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. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Coverage ⓘCoverage = 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.
+28.6%
Earnings growth per share plus dividend.
Earnings per share, growth per year+27.4%
Dividend (yield on the price)1.2%
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.base effect: 27.4% / 32.2%
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 (32 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 · 196 stocks
Beats the industry median on 5/11 measures
A mixed picture versus its industry peers.
Valuation
Quality Score45 · Above median
Fair Value upside+15.3% · Above median
Profitability
Return on assets2.0% · Above median
Net margin (12 months)−7.3% · Bottom 25%
Operating margin (12 months)26.5% · Above median
Growth and dividend
Revenue growth (quarter YoY)27.8% · Top 25%
Dividend yield (12 months)1.2% · 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 Nov 3, 2026, our model estimates a fair value of kr 100.14 versus a price of kr 86.85, about +15% upside (undervalued).
What is the fair value of SCATC?
Our model-based fair value for Scatec Solar OL is kr 100.14 (as of Nov 3, 2026), built from audited fundamentals. The current price: kr 86.85.
What is the quality score of SCATC?
Scatec Solar OL has a Quality Score of 45/100. 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 100.14 (as of Nov 3, 2026) from 15 valuation models. Cautious scenario kr 50.79, 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 100.14, about +15% upside versus a price of kr 86.85 (undervalued). Cautious scenario kr 50.79, 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 3.9B NOK (latest available figure, as of Nov 3, 2026).
Does Scatec Solar OL pay a dividend?
Scatec Solar OL currently shows a dividend yield of 1.20% relative to its recent price (as of Nov 3, 2026).
How much is the dividend of Scatec Solar OL (SCATC)?
Scatec Solar OL has a dividend yield of 1.2%.
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 100.14 per share (as of Nov 3, 2026), against a price of kr 86.85. It is the blended result of 15 valuation models in 6 families (Earnings-Based, Dividend Discount, Multiples, Asset-Based, Economic Profit, Growth Earnings).
Is Scatec Solar OL stock overvalued or undervalued in 2026?
As of Nov 3, 2026, SCATC trades below its calculated fair value: price kr 86.85, fair value kr 100.14, a gap of about +15% (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 SCATC?
No. The price is what the market pays today (kr 86.85); the fair value is what the company's own numbers justify (kr 100.14). For Scatec Solar OL the two are kr 13.29 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 13.8B NOK (market capitalisation, as of Nov 3, 2026). Per share that is kr 86.85; our models calculate a fair value of kr 100.14 per share.
What do the bullish and bearish scenarios say about SCATC?
Our models span a range for Scatec Solar OL: cautious scenario kr 50.79, base kr 100.14, optimistic kr 137.82 per share (as of Nov 3, 2026, price kr 86.85). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of Scatec Solar OL (SCATC)?
Balance-sheet figures for Scatec Solar OL (as of Nov 3, 2026): return on equity −3.7%, debt of 2.83 per unit of equity. They feed the Quality Score of 45/100, which measures business quality independently of the share price.
How far is SCATC from its 52-week high?
Scatec Solar OL trades at kr 86.85, about 36% below its 52-week high of kr 135.70 and 13% above the low of kr 76.85 (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of kr 100.14 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, VERBUND AG, 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 Nov 3, 2026: price kr 86.85, calculated fair value kr 100.14 (+15%), Quality Score 45/100, 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 6 families: Earnings-Based, Dividend Discount, Multiples, Asset-Based, Economic Profit, Growth Earnings. Every model gets the same audited fundamentals; the fair value of kr 100.14 builds on their evidence-weighted average, 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 13.3% above its aggregate fair value. Scatec Solar OL currently trades 13% 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 Scatec Solar OL (SCATC)?
The closing price on Nov 6, 2026 was kr 86.85. Our model-based fair value is kr 100.14, about +15% upside (undervalued). 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 50.79 to kr 137.82). The outcome hinges heavily on assumptions, so read the point estimate with caution. Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual.
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 13.8B NOK (≈ $1.5B). 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 3.55 (last twelve months). 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 −7.65. 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 1.2%. 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 −3.7% (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 26.5% (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 +27.8% 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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Thin data
Nov 3, 2026