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Skandia GreenPower AS, (SKAND) Fair Value & Analysis

Utilities · NO · Market cap 177M NOK

SG Skandia GreenPower AS, SKAND · OL
Pricekr 1.34
Fair Valuekr 1.53
Upside+14.2%
Quality56/100
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Healthy Growth
Thin margins · 1.5% net margin
Low debt · generates free cash flow
4.18% dividend yield
Ranks above peers (11/14)
Narrow moat 36/100
Evidence: High Range kr 1.15 – kr 1.91 Share as image

Fair value as of: Jul 16, 2026

From 24 valuation models · updated 25 days ago

Share price −13.8% over the past month.

A solid business, screening 14% undervalued on our models.

What matters now

  • Our model range runs from kr 1.15 (bear) to kr 1.91 (bull), base kr 1.53. The closer the price sits to the lower half, the larger the margin of safety.
  • Quality 56/100 (solid quality) with high evidence: the data supports the verdict.
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Price vs Fair Value (5 years)

kr 12.51 kr 0.1925 Fair Value kr 1.53 May 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 16, 2026.

How to read this chart

60‑month range kr 0.1925 – kr 12.51 · fair‑value band kr 1.15 – kr 1.91 · the kr 1.34 price screens below the kr 1.53 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 16, 2026.

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Analysis

Skandia GreenPower AS, (SKAND) currently trades at kr 1.34, while our model-based Fair Value estimate is kr 1.53, implying the stock looks roughly 14.2% undervalued today. The Quality Score stands at 56/100 (solid quality), in the Utilities 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: high), always confirm before acting.

Over the trailing twelve months, Skandia GreenPower AS, generated revenue of 693M NOK at a net margin of 1.5%. Revenue grew 78.8% year over year. It earns a return on equity of 10.5%. The stock trades on a trailing P/E of 16.9. Fundamentals as of Jul 16, 2026

Our scenario range runs from kr 1.15 (bear case) to kr 1.91 (bull case); at kr 1.34, the current price sits within 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 36% below its 52-week high and 36% above its 52-week low, currently below its 200-day average. For context, the median of 10 Utilities peers we cover trades at -30% fair-value upside, at 14%, SKAND 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.

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
Highest evidence
Growth DCF kr 6.86 kr 10.57 kr 16.37 80
Residual Income kr 0.6500 kr 0.7000 kr 0.7900 76
Rev-Margin DCF kr 4.00 kr 5.42 kr 8.46 74
All 24 models by family
DCF Models
FCF DCF kr 7.27 kr 9.86 kr 17.42 38
Owner Earnings kr 2.94 kr 4.98 kr 8.54 31
5Y Revenue Exit kr 3.77 kr 4.83 kr 6.98 39
5Y EBITDA Exit kr 4.31 kr 5.92 kr 9.05 41
5Y P/E Exit kr 3.85 kr 5.83 kr 8.23 38
10Y Revenue Exit kr 5.03 kr 7.59 kr 8.51 36
10Y EBITDA Exit kr 5.40 kr 8.58 kr 13.40 37
10Y P/E Exit kr 5.11 kr 7.74 kr 11.43 35
Earnings-Based
Graham-Dodd kr 0.5800 kr 4.03 kr 5.66 54
Lynch FV kr 1.99 kr 2.84 kr 3.69 50
PEG = 1.0 kr 1.99 kr 2.84 kr 3.69 46
EPV kr 1.49 kr 1.57 kr 1.64 59
Multiples
P/E Multiple kr 1.15 kr 1.53 kr 1.91 63
P/S Multiple kr 1.08 kr 1.45 kr 1.81 58
P/B Multiple kr 1.08 kr 1.45 kr 1.81 55
EV/EBIT kr 1.99 kr 2.39 kr 2.78 53
EV/EBITDA kr 2.67 kr 3.29 kr 3.91 54
EV/Revenue kr 1.77 kr 2.18 kr 2.59 43
Asset-Based
NCAV (Graham) kr 0.4100 kr 0.5500 kr 0.8200 50
Growth DCF
Growth DCF kr 6.86 kr 10.57 kr 16.37 80
Rev-Margin DCF kr 4.00 kr 5.42 kr 8.46 74
Economic Profit
Residual Income kr 0.6500 kr 0.7000 kr 0.7900 76
ROIC Compounder kr 1.49 kr 1.57 kr 1.64 72
Growth Earnings
Growth-Adj P/E kr 2.51 kr 3.58 kr 4.65 68

Widest divergence: DCF Models (kr 5.92) versus Asset-Based (kr 0.5500). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) 693M NOK
Revenue growth (YoY) +78.8%
Net margin 1.5%
Return on equity 10.5%
Free cash flow 65.0M NOK FY2025
P/E ratio 16.5
More key figures
Operating margin 1.1%
EPS (TTM) kr 0.0900
Dividend yield 4.2%
EPS growth (YoY) -46.5%

Figures from reported company fundamentals · as of Jul 16, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 56/100

Of which business quality 60 · Market factors (momentum, volatility) 22

Profitability 47
Margins and returns on capital today
Quality Growth 47
Are margins and returns improving?
Cashflow 76
Earnings quality: real cash, not paper profit
Fin. Strength 76
Balance sheet, leverage, solvency risk
Investment 61
Disciplined investing over empire-building
Low Volatility 18
Calm price path (market factor)
Momentum 24
Price trend over the last 3–12 months (market factor)
52W Momentum 25
Distance to the 52-week high (market factor)
Net Issuance 43
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

Skandia GreenPower AS, together with its subsidiaries, provides electricity and energy-saving services in Norway. It offers services under the SkandiaEnergi, SagaEnergi, Motkraft, and Elkompis brands. The company also provides software under the Skandia Smarthus brand. Skandia GreenPower AS was incorporated in 2015 and is based in Kristiansand, Norway.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Skandia GreenPower AS, reported revenue of kr 538M in FY2025 versus kr 336M in FY2021, a compound +12.5%/yr. Reported net income was kr 10.2M in FY2025.

Growth Quality 90/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2025)
538M NOK
Latest YoY
+76.0%
Avg. growth/yr (3Y) 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.
−0.8%
Avg. growth/yr (5Y) 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.
+40.5%
Avg. growth/yr (8Y) 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.
+29.0%
Revenue +12.5%/yr
FY21 kr 336M
FY22 kr 551M
FY23 kr 246M
FY24 kr 306M
FY25 kr 538M
Net income
FY21 −kr 18.6M
FY22 −kr 128M
FY23 −kr 13.8M
FY24 kr 13.6M
FY25 kr 10.2M

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Cite: Fair Value Calculator (2026). "Skandia GreenPower AS, Fair Value". https://www.fairvalue-calculator.com/stock/SKAND

Peer Group

Utilities - Renewable · 220 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 56 · Top 25%
Fair Value upside +14% · Above median
Return on equity (TTM) 11% · Top 25%
Return on assets 2% · Above median
Net margin (TTM) 2% · Below median
Operating margin (TTM) 1% · Below median
Revenue growth 79% · Top 25%
Dividend yield (TTM) 4.2% · Top 25%

Valuation Multiples vs Utilities - Renewable median · lower = cheaper

P/E (TTM) 16.5× · Cheaper than median
P/B 1.82× · Pricier than median
P/S (TTM) 0.26× · Cheaper than 75% of peers
P/FCF 0.3× · Cheaper than 75% of peers
EV/EBITDA 2.8× · 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 52 · sector 12
FUTURE 100 · sector 0
PAST 42 · sector 12
HEALTH 100 · sector 68
DIVIDEND 84 · sector 48

Insider activity: 40/100

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 Utilities - Renewable stocks, each showing price versus our Fair Value estimate (as of Jul 16, 2026).

Stock Price Fair Value vs Fair Value
China Yangtze Power Co 600900 ¥27.99 ¥25.13 -10%
Ørsted A/S ORSTED kr 149.70 kr 31.40 -79%
Huaneng Lancang River Hydropower Inc 600025 ¥9.81 ¥5.57 -43%
Adani Green Energy Limited ADANIGREEN ₹1,537 ₹170.50 -89%
AXIA Energia SA AXIAP $10.74 $9.65 -10%
VERBUND AG OEWA €58.65 €66.19 +13%
BEP BEP $32.33 $73.35 +127%
BEPUN BEPUN C$44.56 C$10.15 -77%
Fortum Oyj FORTUM €19.89 €13.90 -30%
China Longyuan Power Group 001289 ¥16.21 ¥8.23 -49%

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Frequently asked questions

Is Skandia GreenPower AS, (SKAND) overvalued or undervalued?
As of Jul 16, 2026, our model estimates a fair value of kr 1.53 versus a price of kr 1.34, about +14% (undervalued).
What is the fair value of SKAND?
Our model-based fair value for Skandia GreenPower AS, is kr 1.53 (as of Jul 16, 2026), built from audited fundamentals. The current price is kr 1.34.
What is the quality score of SKAND?
Skandia GreenPower AS, has a Quality Score of 56/100. 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 Skandia GreenPower AS, (SKAND)?
Skandia GreenPower AS, reported trailing-twelve-month revenue of about 693M NOK (latest available figure, as of Jul 16, 2026).
What is the net profit margin of SKAND?
The net profit margin of Skandia GreenPower AS, is about 1.5%, meaning it keeps roughly 1.5% of revenue as net income. Based on the latest reported figures.
Does Skandia GreenPower AS, pay a dividend?
Skandia GreenPower AS, currently shows a dividend yield of about 4.17% relative to its recent price (as of Jul 16, 2026).

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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