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Magnora

OB:MGN
Snowflake Description

Flawless balance sheet with outstanding track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
MGN
OB
NOK368M
Market Cap
  1. Home
  2. NO
  3. Energy
Company description

Magnora ASA focuses on providing products and services to the energy, offshore, and oil services industries. The last earnings update was 27 days ago. More info.


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MGN Share Price and Events
7 Day Returns
0%
OB:MGN
-0.3%
NO Energy Services
1.6%
NO Market
1 Year Returns
-56.5%
OB:MGN
-32.6%
NO Energy Services
-8.3%
NO Market
MGN Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Magnora (MGN) 0% 9.4% -2.8% -56.5% -61.3% -71.3%
NO Energy Services -0.3% 14.9% -3.1% -32.6% 12.6% -56.2%
NO Market 1.6% 7.6% 2.7% -8.3% 31.1% 16.1%
1 Year Return vs Industry and Market
  • MGN underperformed the Energy Services industry which returned -32.6% over the past year.
  • MGN underperformed the Market in Norway which returned -8.3% over the past year.
Price Volatility
MGN
Industry
5yr Volatility vs Market

Value

 Is Magnora undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Magnora to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Magnora.

OB:MGN Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Extrapolated from most recent financials. See below
Discount Rate (Cost of Equity) See below 8.1%
Perpetual Growth Rate 10-Year NO Government Bond Rate 1.8%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for OB:MGN
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year NO Govt Bond Rate 1.8%
Equity Risk Premium S&P Global 6%
Energy Services Unlevered Beta Simply Wall St/ S&P Global 1.08
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.083 (1 + (1- 23%) (0%))
1.056
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.06
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 1.76% + (1.056 * 5.96%)
8.05%

Discounted Cash Flow Calculation for OB:MGN using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Magnora is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

Note: Free cash flow to equity valuations ignore the company's cash or debt.

OB:MGN DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (NOK, Millions) Source Present Value
Discounted (@ 8.05%)
2020 12.49 Est @ -22.9% 11.56
2021 10.55 Est @ -15.5% 9.04
2022 9.46 Est @ -10.33% 7.50
2023 8.83 Est @ -6.7% 6.48
2024 8.46 Est @ -4.16% 5.75
2025 8.26 Est @ -2.39% 5.19
2026 8.17 Est @ -1.14% 4.75
2027 8.14 Est @ -0.27% 4.38
2028 8.17 Est @ 0.34% 4.07
2029 8.23 Est @ 0.76% 3.80
Present value of next 10 years cash flows NOK62.00
OB:MGN DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= NOK8.23 × (1 + 1.76%) ÷ (8.05% – 1.76%)
NOK133.18
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= NOK133.18 ÷ (1 + 8.05%)10
NOK61.40
OB:MGN Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= NOK62.00 + NOK61.40
NOK123.40
Equity Value per Share
(NOK)
= Total value / Shares Outstanding
= NOK123.40 / 52.63
NOK2.34
OB:MGN Discount to Share Price
Calculation Result
Value per share (NOK) From above. NOK2.34
Current discount Discount to share price of NOK7.00
= -1 x (NOK7.00 - NOK2.34) / NOK2.34
-198.5%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of Magnora is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Magnora's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Magnora's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
OB:MGN PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-06-30) in NOK NOK1.32
OB:MGN Share Price ** OB (2019-09-19) in NOK NOK7
Norway Energy Services Industry PE Ratio Median Figure of 14 Publicly-Listed Energy Services Companies 18.05x
Norway Market PE Ratio Median Figure of 149 Publicly-Listed Companies 13.35x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Magnora.

OB:MGN PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= OB:MGN Share Price ÷ EPS (both in NOK)

= 7 ÷ 1.32

5.29x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Magnora is good value based on earnings compared to the NO Energy Services industry average.
  • Magnora is good value based on earnings compared to the Norway market.
Price based on expected Growth
Does Magnora's expected growth come at a high price?
Raw Data
OB:MGN PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 5.29x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
-40.5%per year
Norway Energy Services Industry PEG Ratio Median Figure of 10 Publicly-Listed Energy Services Companies 0.68x
Norway Market PEG Ratio Median Figure of 110 Publicly-Listed Companies 0.77x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Magnora, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Magnora's assets?
Raw Data
OB:MGN PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-06-30) in NOK NOK2.78
OB:MGN Share Price * OB (2019-09-19) in NOK NOK7
Norway Energy Services Industry PB Ratio Median Figure of 35 Publicly-Listed Energy Services Companies 0.64x
Norway Market PB Ratio Median Figure of 239 Publicly-Listed Companies 1.12x
OB:MGN PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= OB:MGN Share Price ÷ Book Value per Share (both in NOK)

= 7 ÷ 2.78

2.52x

* Primary Listing of Magnora.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Magnora is overvalued based on assets compared to the NO Energy Services industry average.
X
Value checks
We assess Magnora's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Energy Services industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Energy Services industry average (and greater than 0)? (1 check)
  5. Magnora has a total score of 2/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Magnora expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

  • No analysts cover Magnora, future earnings growth has been estimated based on fundamentals.
The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
-40.5%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Magnora expected to grow at an attractive rate?
  • Magnora's earnings are expected to decrease over the next 1-3 years, this is below the low risk savings rate of 1.8%.
Growth vs Market Checks
  • Magnora's earnings are expected to decrease over the next 1-3 years, this is below the Norway market average.
  • Unable to compare Magnora's revenue growth to the Norway market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
OB:MGN Future Growth Rates Data Sources
Data Point Source Value (per year)
OB:MGN Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts -40.5%
Norway Energy Services Industry Earnings Growth Rate Market Cap Weighted Average 39.4%
Norway Energy Services Industry Revenue Growth Rate Market Cap Weighted Average 11.4%
Norway Market Earnings Growth Rate Market Cap Weighted Average 14.8%
Norway Market Revenue Growth Rate Market Cap Weighted Average 4.4%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
OB:MGN Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in NOK Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
OB:MGN Future Estimates Data
Date (Data in NOK Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
OB:MGN Past Financials Data
Date (Data in NOK Millions) Revenue Cash Flow Net Income *
2019-06-30 51 16 70
2019-03-31 56 14 73
2018-12-31 70 21 87
2018-09-30 60 1 27
2018-06-30 46 23 3
2018-03-31 19 65 40
2017-12-31 3 4 6
2017-09-30 18 17 -1
2017-06-30 40 -51 17
2017-03-31 86 -189 -151
2016-12-31 117 -117 -241
2016-09-30 -97 -135 -268

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Magnora's earnings are expected to decrease over the next 1-3 years, this is not considered high growth.
  • Unable to determine if Magnora is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
OB:MGN Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Magnora Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OB:MGN Future Estimates Data
Date (Data in NOK Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
OB:MGN Past Financials Data
Date (Data in NOK Millions) EPS *
2019-06-30 1.32
2019-03-31 1.38
2018-12-31 1.66
2018-09-30 0.51
2018-06-30 0.06
2018-03-31 0.77
2017-12-31 0.11
2017-09-30 -0.02
2017-06-30 0.32
2017-03-31 -2.87
2016-12-31 -4.59
2016-09-30 -5.09

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Magnora will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Magnora's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Norway market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Norway market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Magnora has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Magnora performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Magnora's growth in the last year to its industry (Energy Services).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Magnora has delivered over 20% year on year earnings growth in the past 5 years.
  • Magnora's 1-year earnings growth exceeds its 5-year average (2075% vs 38.9%)
  • Magnora's earnings growth has exceeded the NO Energy Services industry average in the past year (2075% vs 5%).
Earnings and Revenue History
Magnora's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Magnora Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OB:MGN Past Revenue, Cash Flow and Net Income Data
Date (Data in NOK Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-06-30 51.20 69.60 10.80
2019-03-31 56.10 72.60 10.80
2018-12-31 70.40 87.30 10.80
2018-09-30 59.60 26.80
2018-06-30 45.60 3.20
2018-03-31 18.60 40.30
2017-12-31 3.20 5.80
2017-09-30 18.30 -1.00 91.30
2017-06-30 40.20 16.70 91.30
2017-03-31 86.30 -151.00 91.30
2016-12-31 117.10 -241.40 91.30
2016-09-30 -96.98 -267.66 119.86
2016-06-30 55.13 -348.99 125.58
2016-03-31 149.48 -545.16 123.93
2015-12-31 250.50 -514.27 132.77
2015-09-30 665.60 -580.27 278.19
2015-06-30 640.45 -446.66 256.81
2015-03-31 750.98 -130.54 262.68
2014-12-31 766.09 -70.32 243.89
2014-09-30 697.19 34.70 249.96
2014-06-30 670.90 53.35 238.55
2014-03-31 645.19 194.70 233.04
2013-12-31 623.17 185.86 236.27
2013-09-30 650.12 -84.20 149.15
2013-06-30 627.30 -76.81 151.19
2013-03-31 590.18 -156.76 145.06
2012-12-31 589.03 -82.95 138.07
2012-09-30 540.77 110.22 159.02

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Magnora made outstanding use of shareholders’ funds last year (Return on Equity greater than 40%).
  • Magnora used its assets more efficiently than the NO Energy Services industry average last year based on Return on Assets.
  • Magnora has become profitable over the past 3 years. This is considered to be a significant improvement in its use of capital (Return on Capital Employed).
X
Past performance checks
We assess Magnora's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Energy Services industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Magnora has a total score of 6/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Magnora's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Magnora's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Magnora is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Magnora has no long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Magnora's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Magnora has no debt, it does not need to be covered by short term assets.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Magnora Company Filings, last reported 2 months ago.

OB:MGN Past Debt and Equity Data
Date (Data in NOK Millions) Total Equity Total Debt Cash & Short Term Investments
2019-06-30 146.30 0.00 110.20
2019-03-31 143.50 0.00 103.40
2018-12-31 135.80 0.00 100.30
2018-09-30 524.70 0.00 528.80
2018-06-30 196.10 0.00 205.70
2018-03-31 196.20 0.00 208.70
2017-12-31 184.00 0.00 197.50
2017-09-30 193.60 0.00 161.60
2017-06-30 223.70 0.00 179.10
2017-03-31 204.50 0.00 152.30
2016-12-31 218.90 0.00 213.90
2016-09-30 230.94 0.00 215.75
2016-06-30 236.09 0.00 265.39
2016-03-31 343.71 0.00 341.23
2015-12-31 440.81 5.31 323.97
2015-09-30 494.93 0.00 325.12
2015-06-30 533.31 0.00 238.69
2015-03-31 854.92 0.00 217.56
2014-12-31 831.93 0.00 204.24
2014-09-30 823.14 0.00 197.27
2014-06-30 778.22 0.00 219.54
2014-03-31 770.99 0.00 219.86
2013-12-31 766.51 0.00 250.24
2013-09-30 751.76 0.00 241.77
2013-06-30 733.37 0.00 320.05
2013-03-31 540.46 0.00 353.87
2012-12-31 525.01 0.00 340.17
2012-09-30 828.38 0.00 316.89
  • Magnora has no debt.
  • Magnora currently has no debt however we can't compare to 5 years ago as we have no data for that period.
  • Magnora has no debt, it does not need to be covered by operating cash flow.
  • Magnora has no debt, therefore coverage of interest payments is not a concern.
X
Financial health checks
We assess Magnora's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Magnora has a total score of 6/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is Magnora's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from Magnora dividends.
If you bought NOK2,000 of Magnora shares you are expected to receive NOK0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate Magnora's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Magnora's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
OB:MGN Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
Norway Energy Services Industry Average Dividend Yield Market Cap Weighted Average of 8 Stocks 4.2%
Norway Market Average Dividend Yield Market Cap Weighted Average of 115 Stocks 4.4%
Norway Minimum Threshold Dividend Yield 10th Percentile 1.5%
Norway Bottom 25% Dividend Yield 25th Percentile 2.5%
Norway Top 25% Dividend Yield 75th Percentile 6.4%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

OB:MGN Future Dividends Estimate Data
Date (Data in NOK) Dividend per Share (annual) Avg. No. Analysts
OB:MGN Past Annualized Dividends Data
Date (Data in NOK) Dividend per share (annual) Avg. Yield (%)
2015-11-11 0.000 0.000
2015-08-19 0.000 0.000
2015-05-20 0.000 0.000
2015-04-13 0.000 0.000
2015-02-25 0.000 0.000
2014-04-10 1.200 5.367
2014-02-26 1.200 4.908

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as Magnora has not reported any payouts.
  • Unable to verify if Magnora's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Magnora's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Magnora has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Magnora's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.5%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Magnora afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Magnora has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Magnora's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Erik Sneve
TENURE AS CEO 0.4 years
CEO Bio

Erik Sneve serves as Chief Executive Officer of Magnora ASA and served as its Acting Chief Executive Officer since April 17, 2019.

CEO Compensation
  • Insufficient data for Erik to compare compensation growth.
  • Insufficient data for Erik to establish whether their remuneration is reasonable compared to companies of similar size in Norway.
Management Team

Torstein Sanness

TITLE
Executive Chairman
AGE
72

Erik Sneve

TITLE
Chief Executive Officer
TENURE
0.4 yrs

Bård Olsen

TITLE
Chief Financial Officer

Aslak Hjelde

TITLE
Managing Director
COMPENSATION
NOK300K
AGE
66

Cecilie Wiese-Hansen

TITLE
Group Business Controller
Board of Directors Tenure

Average tenure and age of the Magnora board of directors in years:

0.8
Average Tenure
54
Average Age
  • The average tenure for the Magnora board of directors is less than 3 years, this suggests a new board.
Board of Directors

Torstein Sanness

TITLE
Executive Chairman
AGE
72
TENURE
0.8 yrs

Hilde Ådland

TITLE
Director
AGE
52
TENURE
1.3 yrs

John Hamilton

TITLE
Director
AGE
54
TENURE
0.8 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (NOK) Value (NOK)
03. Dec 18 Buy Bekkestua Eiendom AS Company 29. Nov 18 29. Nov 18 50,000 NOK5.50 NOK275,000
20. Nov 18 Buy Kathryn Baker Individual 19. Nov 18 19. Nov 18 8,749 NOK1.50 NOK13,123
27. Sep 18 Sell Reese McNeel Individual 26. Sep 18 26. Sep 18 -8,460 NOK17.12 NOK-144,827
X
Management checks
We assess Magnora's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Magnora has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Read This Before Judging Magnora ASA's (OB:MGN) ROE

Our data shows Magnora has a return on equity of 1.1% for the last year. … That means that for every NOK1 worth of shareholders' equity, it generated NOK0.011 in profit. … Return on Equity = Net Profit ÷ Shareholders' Equity

Simply Wall St -

Company Info

Description

Magnora ASA focuses on providing products and services to the energy, offshore, and oil services industries. It primarily focuses on managing the Dana Western Isles and Shell Penguins FPSO license agreements. The company was formerly known as Sevan Marine ASA and changed its name to Magnora ASA in October 2018. Magnora ASA was founded in 2001 and is based in Lysaker, Norway.

Details
Name: Magnora ASA
MGN
Exchange: OB
Founded: 2001
NOK368,385,066
52,626,438
Website: http://magnoraasa.com
Address: Magnora ASA
Lysaker Torg 12,
Lysaker,
Akershus, 1366,
Norway
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
OB MGN Ordinary Shares Oslo Bors NO NOK 27. Jul 2004
OTCPK SVMR.F Ordinary Shares Pink Sheets LLC US USD 27. Jul 2004
DB 4SM Ordinary Shares Deutsche Boerse AG DE EUR 27. Jul 2004
Number of employees
Current staff
Staff numbers
3
Magnora employees.
Industry
Oil and Gas Equipment and Services
Energy
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/09/19 20:32
End of day share price update: 2019/09/19 00:00
Last estimates confirmation: 2018/02/28
Last earnings filing: 2019/08/23
Last earnings reported: 2019/06/30
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.