Magnora ASA (MGN.OL)
ValueMarkers Composite Index
32% below intrinsic value ($4)
Magnora ASA (MGN.OL) — VMCI valuation read
Headline read on MGN.OL: VMCI of 56/100 versus a broad-market sample median of 50. The 6-point above-median position is what makes Magnora ASA a relative-value candidate in the mid-cap cohort, before any pillar-level review.
Form 4 filings on MGN.OL: zero in the trailing 30 days. The absence of insider transactions is itself a data point, just a low-information one. The thesis runs on financials and price action until that changes.
**Investor frame.** Three reads on MGN.OL: value (MGN.OL trades at 23.0x earnings, 28% above the sector median of 18.0x), quality (ROIC of 11.0% sits 1.0pp above the sector median (10.0%)), and risk (net debt to EBITDA of -0.1x leaves covenant headroom). The value read also implies an EV/EBITDA gap of +4.0x against the sector 12.0x baseline.
MGN.OL rose 3.4% over the trailing 7 days, with a +3.8% read on a 30-day basis.
Magnora ASA operates as a renewable energy development company. It primarily focuses on developing wind and solar PV projects. The company also hold license agreements with the Dana Western Isles and Shell Penguins FPSO. It serves oil companies and marine contractors in the United Kingdom, Norway, and Sweden. The company was formerly known as Sevan Marine ASA and changed its name to Magnora ASA in October 2018. Magnora ASA was incorporated in 2001 and is based in Oslo, Norway.
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