Magnora ASA
Magnora ASA operates as a renewable energy development company in Norway, Sweden, South Africa and the United Kingdom. The company focuses on developing wind, solar photovoltaic (PV), and battery storage projects. It serves renewable energy operators, investment and oil companies, and global marine contractors. The company was formerly known as Sevan Marine ASA and changed its name to Magnora ASA… Read more
Magnora ASA (MGN) - Net Assets
Latest net assets as of June 2025: Nkr398.00 Million NOK
Based on the latest financial reports, Magnora ASA (MGN) has net assets worth Nkr398.00 Million NOK as of June 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (Nkr508.20 Million) and total liabilities (Nkr110.20 Million). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | Nkr398.00 Million |
| % of Total Assets | 78.32% |
| Annual Growth Rate | 18.79% |
| 5-Year Change | 240.56% |
| 10-Year Change | -8.12% |
| Growth Volatility | 294.4 |
Magnora ASA - Net Assets Trend (2002–2024)
This chart illustrates how Magnora ASA's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Magnora ASA (2002–2024)
The table below shows the annual net assets of Magnora ASA from 2002 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | Nkr402.20 Million | -27.18% |
| 2023-12-31 | Nkr552.30 Million | +27.91% |
| 2022-12-31 | Nkr431.80 Million | +151.34% |
| 2021-12-31 | Nkr171.80 Million | +45.47% |
| 2020-12-31 | Nkr118.10 Million | +11.84% |
| 2019-12-31 | Nkr105.60 Million | -22.24% |
| 2018-12-31 | Nkr135.80 Million | -26.20% |
| 2017-12-31 | Nkr184.00 Million | -16.53% |
| 2016-12-31 | Nkr220.44 Million | -49.65% |
| 2015-12-31 | Nkr437.76 Million | -47.05% |
| 2014-12-31 | Nkr826.75 Million | +7.72% |
| 2013-12-31 | Nkr767.50 Million | +45.78% |
| 2012-12-31 | Nkr526.49 Million | -28.46% |
| 2011-12-31 | Nkr735.95 Million | -84.52% |
| 2010-12-31 | Nkr4.75 Billion | -18.96% |
| 2009-12-31 | Nkr5.87 Billion | -8.32% |
| 2008-12-31 | Nkr6.40 Billion | +105.69% |
| 2007-12-31 | Nkr3.11 Billion | +36.61% |
| 2006-12-31 | Nkr2.28 Billion | +211.03% |
| 2005-12-31 | Nkr732.26 Million | +300.45% |
| 2004-12-31 | Nkr182.86 Million | +1379.16% |
| 2003-12-31 | Nkr12.36 Million | +35.84% |
| 2002-12-31 | Nkr9.10 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Magnora ASA's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 1400000000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | Nkr14.00 Million | 3.50% |
| Common Stock | Nkr26.20 Million | 6.54% |
| Other Components | Nkr360.30 Million | 89.96% |
| Total Equity | Nkr400.50 Million | 100.00% |
Magnora ASA Competitors by Market Cap
The table below lists competitors of Magnora ASA ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Enviro Infra Engineers Ltd
NSE:EIEL
|
$81.78 Million |
|
Gujarat Alkalies and Chemicals Limited
NSE:GUJALKALI
|
$81.78 Million |
|
LBS Bina Group Bhd
KLSE:5789
|
$81.79 Million |
|
Tarczynski S.A.
WAR:TAR
|
$81.83 Million |
|
EROAD Limited
PINK:ERDLF
|
$81.74 Million |
|
Creades AB Series A
LSE:0QI9
|
$81.71 Million |
|
Singer Thailand Public Company Limited
BK:SINGER-R
|
$81.71 Million |
|
Steel Strips Wheels Limited
NSE:SSWL
|
$81.71 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Magnora ASA's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 538,300,000 to 400,500,000, a change of -137,800,000 (-25.6%).
- Net income of 593,700,000 contributed positively to equity growth.
- Dividend payments of 299,800,000 reduced retained earnings.
- Share repurchases of 42,700,000 reduced equity.
- Other comprehensive income decreased equity by 506,099,999.
- Other factors increased equity by 117,099,999.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | Nkr593.70 Million | +148.24% |
| Dividends Paid | Nkr299.80 Million | -74.86% |
| Share Repurchases | Nkr42.70 Million | -10.66% |
| Other Comprehensive Income | Nkr-506.10 Million | -126.37% |
| Other Changes | Nkr117.10 Million | +29.24% |
| Total Change | Nkr- | -25.60% |
Book Value vs Market Value Analysis
This analysis compares Magnora ASA's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 3.81x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has increased from 1.01x to 3.81x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2002-12-31 | Nkr23.58 | Nkr23.80 | x |
| 2003-12-31 | Nkr32.03 | Nkr23.80 | x |
| 2004-12-31 | Nkr172.37 | Nkr23.80 | x |
| 2005-12-31 | Nkr410.33 | Nkr23.80 | x |
| 2006-12-31 | Nkr844.33 | Nkr23.80 | x |
| 2007-12-31 | Nkr919.45 | Nkr23.80 | x |
| 2008-12-31 | Nkr1751.86 | Nkr23.80 | x |
| 2009-12-31 | Nkr635.63 | Nkr23.80 | x |
| 2010-12-31 | Nkr463.35 | Nkr23.80 | x |
| 2011-12-31 | Nkr1.51 | Nkr23.80 | x |
| 2012-12-31 | Nkr9.80 | Nkr23.80 | x |
| 2013-12-31 | Nkr14.22 | Nkr23.80 | x |
| 2014-12-31 | Nkr14.50 | Nkr23.80 | x |
| 2015-12-31 | Nkr7.19 | Nkr23.80 | x |
| 2016-12-31 | Nkr4.03 | Nkr23.80 | x |
| 2017-12-31 | Nkr3.49 | Nkr23.80 | x |
| 2018-12-31 | Nkr2.58 | Nkr23.80 | x |
| 2019-12-31 | Nkr2.01 | Nkr23.80 | x |
| 2020-12-31 | Nkr2.25 | Nkr23.80 | x |
| 2021-12-31 | Nkr3.03 | Nkr23.80 | x |
| 2022-12-31 | Nkr6.46 | Nkr23.80 | x |
| 2023-12-31 | Nkr8.01 | Nkr23.80 | x |
| 2024-12-31 | Nkr6.25 | Nkr23.80 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Magnora ASA utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 148.24%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 25813.04%
- • Asset Turnover: 0.00x
- • Equity Multiplier: 1.44x
- Recent ROE (148.24%) is above the historical average (-26.67%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2002 | -79.96% | -154.43% | 0.32x | 1.60x | Nkr-8.19 Million |
| 2003 | -58.45% | -199.29% | 0.25x | 1.17x | Nkr-8.46 Million |
| 2004 | -7.56% | -1409.58% | 0.00x | 1.09x | Nkr-32.11 Million |
| 2005 | -6.11% | -27.62% | 0.09x | 2.52x | Nkr-110.19 Million |
| 2006 | -4.24% | -69.31% | 0.03x | 2.41x | Nkr-317.31 Million |
| 2007 | -20.58% | -139.97% | 0.05x | 2.71x | Nkr-929.87 Million |
| 2008 | -1.47% | -25.27% | 0.04x | 1.65x | Nkr-733.93 Million |
| 2009 | -14.72% | -73.61% | 0.08x | 2.41x | Nkr-1.40 Billion |
| 2010 | -19.41% | -61.29% | 0.10x | 3.20x | Nkr-1.40 Billion |
| 2011 | -605.06% | -741.20% | 0.17x | 4.75x | Nkr-4.50 Billion |
| 2012 | -35.32% | -30.81% | 0.16x | 7.34x | Nkr-233.54 Million |
| 2013 | 25.61% | 30.70% | 0.62x | 1.34x | Nkr116.77 Million |
| 2014 | -9.16% | -9.18% | 0.71x | 1.41x | Nkr-146.17 Million |
| 2015 | -140.00% | -75.25% | 0.92x | 2.01x | Nkr-566.98 Million |
| 2016 | -108.16% | -189.29% | 0.33x | 1.73x | Nkr-250.26 Million |
| 2017 | -13.55% | -45.86% | 0.25x | 1.20x | Nkr-43.27 Million |
| 2018 | 293.08% | 564.54% | 0.47x | 1.11x | Nkr384.42 Million |
| 2019 | 19.13% | 48.56% | 0.37x | 1.07x | Nkr9.64 Million |
| 2020 | 24.13% | 100.35% | 0.23x | 1.05x | Nkr16.69 Million |
| 2021 | -36.55% | -413.16% | 0.08x | 1.12x | Nkr-79.98 Million |
| 2022 | 1.01% | 4.25% | 0.16x | 1.46x | Nkr-34.65 Million |
| 2023 | 35.76% | 782.52% | 0.04x | 1.12x | Nkr138.67 Million |
| 2024 | 148.24% | 25813.04% | 0.00x | 1.44x | Nkr553.65 Million |
Industry Comparison
This section compares Magnora ASA's net assets metrics with peer companies in the Utilities - Renewable industry.
Industry Context
- Industry: Utilities - Renewable
- Average net assets among peers: $1,736,785,867
- Average return on equity (ROE) among peers: -12.53%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Magnora ASA (MGN) | Nkr398.00 Million | -79.96% | 0.28x | $81.76 Million |
| Aega ASA (AEGA) | $8.66 Million | -22.80% | 1.80x | $402.90K |
| Cloudberry Clean Energy As (CLOUD) | $5.43 Billion | 1.12% | 0.74x | $221.08 Million |
| EAM Solar ASA (EAM) | $9.67 Million | -1.79% | 0.73x | $2.52 Million |
| Eqva ASA (EQVA) | $-114.66 Million | 0.00% | 0.00x | $8.18 Million |
| MPC Energy Solutions NV (MPCES) | $75.18 Million | -7.47% | 0.72x | $25.09 Million |
| Nordic Financials ASA (NOFIN) | $99.67 Million | -22.80% | 1.80x | $1.70K |
| Norsk Solar AS (NSOL) | $160.38 Million | -21.63% | 0.34x | $384.61K |
| Ocean Sun As (OSUN) | $45.17 Million | -41.32% | 0.17x | $1.30 Million |
| Scatec Solar OL (SCATC) | $9.92 Billion | 3.91% | 2.33x | $1.59 Billion |