Magnora ASA chart

Last update: 2022-12-30
Key statistics and financials
Revenue per share 0.29
Dividend & YieldN/A£ (N/A)
Beta 1.91
Market capitalization N/A
Operating cash flow -47.4M
ESG Scores unknown

Company description

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.

Sector: - Industry:

Financial data

Financial Statements

Cashflow Statement 2018-12-31 2019-12-31 2020-12-31 2021-12-31
Change To Liabilities -3.3M -1.8M 700k 1.1M
Total Cashflows From Investing Activities 326.8M -14.1M -25.4M -39.7M
Net Borrowings
Total Cash From Financing Activities -445.3M -53.5M -18M 115.4M
Change To Operating Activities -8.8M 100k -2.3M 13.6M
Issuance Of Stock 115.4M 115.4M 115.4M 115.4M
Net Income 398M 20.2M 28.5M -62.8M
Change In Cash -97.2M -42M -13.5M 52M
Effect Of Exchange Rate
Total Cash From Operating Activities 21.3M 25.5M 29.9M -23.7M
Depreciation
Change To Account Receivables 9.4M 4.1M -1.8M -2.7M
Other Cashflows From Financing Activities 1.8M -900k
Change To Netincome -374M 2.9M 4.8M 27.1M
Capital Expenditures

Income Statement 2018-12-31 2019-12-31 2020-12-31 2021-12-31
Research Development
Income Before Tax 44.2M 23.1M 34.1M -55.1M
Net Income 398M 20.2M 28.5M -62.8M
Selling General Administrative 13.7M 11.1M 11.9M 18.5M
Gross Profit 70.3M 41.6M 28.4M 15.2M
Ebit 42.1M 24.4M 7M -38.5M
Operating Income 42.1M 24.4M 7M -38.5M
Interest Expense -100k -100k -100k -400k
Income Tax Expense -43.1M 2.9M 5.6M 7.7M
Total Revenue 70.4M 41.6M 28.4M 15.2M
Cost Of Revenue 100k
Total Other Income ExpenseNet 2.1M -1.3M 27.1M -16.6M
Net Income From Continuing Ops 87.3M 20.2M 28.5M -62.8M
Net Income Applicable To Common Shares 398M 20.2M 28.5M -62.8M

Balance Sheet Statement 2018-12-31 2019-12-31 2020-12-31 2021-12-31
Total Liabilities 14.4M 7.6M 6M 20.9M
Total Stockholder Equity 135.8M 105.6M 118.1M 171.8M
Other Current Liabilities 2.2M 300k 100k 13.7M
Total Assets 150.2M 113.2M 124.1M 192.7M
Common Stock 78.4M 25.8M 25.8M 28M
Other Current Assets 100k 5.8M 400k
Retained Earnings
Treasury Stock 57.4M 79.8M 92.3M 143.8M
Cash 100.3M 58.3M 44.8M 96.9M
Total Current Liabilities 14.4M 7.6M 6M 20.9M
Other Stockholder Equity 57.4M 79.8M 92.4M 143.9M
Property, Plant, and Equipment
Total Current Assets 106.9M 73.3M 68.4M 104.6M
Net Tangible Assets 135.8M 105.6M 118.1M 169.8M
Net Receivables 6.2M 2.5M 4M 6.8M
Accounts Payable 1.9M 100k 800k 1.9M


Insider Transactions

Here are the insider transactions of stock shares related to Magnora ASA:

Filer Name Transaction Text Ownership Date Filer Relation Shares
NO DATA

Insider transaction explanations

Insider buying is the legal purchase of shares by a senior executive or director of a company. "Filer Name" corresponds to the name of the stock buyer or seller. "Transaction Text" describes the transaction. "Ownership" gives information about the transaction type. "Date" is the reported transaction date. "Filer Relation" gives the role of the insider in the company. "Shares" is the value of the transaction. You will find the complete description of the General Transaction Codes on the SEC dedicated page


Investment strategy backtesting

These are the result of three automatic investment systems applied to Magnora ASA. You will find the performance of an systematic investment system, a momentum strategy, and a buy the dip trading strategy.


Systematic investment results on Magnora ASA

Here is the result of two systematic investment strategies applied to Magnora ASA. The first strategy automatically buys the first day of the month, and the second strategy buys the fifteenth day of the month.

Systematic investment equity curve on Magnora ASA

The following chart shows the equity curve of the two systematic investment strategies applied to Magnora ASA:

Magnora ASA automated entries

The systematic investment strategy that buys the first day of the month would give a performance of 0% on the backtest period.

Performance at glance

Performance

0 %

Latent gain

0.0 £

Invested capital

0.0 £

Annualized return

0.0 %
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Momentum strategy results on Magnora ASA

This is the result of two momentum investment strategies applied to Magnora ASA. The first strategy uses a momentum signal calculated on one quarter, and the second uses a momentum signal calculated on two quarters.

Momentum entry openings on Magnora ASA

The following chart shows all the entries opened by the momentum investment system on Magnora ASA:

Magnora ASA momentum entries
  • The first momentum investment strategy would give 0.51% of return on Magnora ASA. That represents 1.26£ of latent gain with 245.18£ of employed capital.
  • The second momentum investment strategy would give 0% of return on Magnora ASA. That represents 0.0£ of latent gain with 0.0£ of employed capital.
Performance at glance (1Q Momentum)

Performance

0.51 %

Latent gain

1.26 £

Invested capital

245.18 £

Annualized return

-0.0 %
Performance at glance (2Q Momentum)

Performance

0 %

Latent gain

0.0 £

Invested capital

0.0 £

Annualized return

-0.0 %

Momentum equity curve on Magnora ASA

The following chart shows the equity curve of the two momentum strategies applied to Magnora ASA:

Magnora ASA momentum equity

Note: the dividends potentially given by Magnora ASA are not integrated into the calculation of the equity curve neither the performance of the strategy. The integration of the dividends will be available soon.


Employed capital on Magnora ASA

The following chart shows the employed capital evolution of the two momentum strategies on Magnora ASA since the beginning:

Magnora ASA

Note: the algorithm buys for a maximum of 250$ per entry. If the stock price is greater than 250£, the system buys only one stock per entry. The investment system stops automatically when the financial exposure reaches 10000£.


Buy the dip strategy result on Magnora ASA

Buy the dip entry openings on Magnora ASA

Magnora ASA

The performance achieved by the robo-advisor on Magnora ASA is 0%. That represents 0.0$ of latent gain with 0.0£ of employed capital. The following chart shows Magnora ASA stock price with all the entries opened by the automated investment system.

Note: The blue line represents the weekly stock price of Magnora ASA, and the green triangles represent the entry openings. The artificall robo-advisor needs at least 100 weeks of trading history to work.

Performance at glance

Performance

0 %

Latent gain

0.0 £

Invested capital

0.0 £

Annualized return

-0.0 %

Equity curve of the strategy applied to Magnora ASA

The following chart shows the result of the investment strategy applied to Magnora ASA:

Magnora ASA

Note: the dividends potentially given by Magnora ASA are not integrated into the calculation of the equity curve neither the performance of the strategy. The integration of the dividends will be available soon.


Employed capital on Magnora ASA

The following chart shows the employed capital evolution since the beginning of the investment strategy on Magnora ASA:

Magnora ASA

Note: the algorithm buys for a maximum of 250$ per entry. If the stock price is greater than 250$, the system buys only one stock per entry. The investment system stops automatically when the financial exposure reaches 10000$.


Investment strategies comparison on Magnora ASA

In this section, I will compare the three previous investment strategies applied to Magnora ASA.

Equity curve comparison on Magnora ASA

The following chart shows the equity curve of the artificall advisor, the trend folowing and the automatic investment strategies:

Magnora ASA investment strategy comparison

Employed capital comparison on Magnora ASA

Magnora ASA investment comparison

Performance comparison on Magnora ASA

Strategy Latent Profit Growth Employed capital CAGR
Automatic investment 0% 0.0£ 0.0£ 0.0%
Momentum 1 quarter 0.51% 1.26£ 245.18£ 12.75%
Momentum 2 quarters 0% 0.0£ 0.0£ -0.0%
Non-directional 0% 0.0£ 0.0£ -0.0%
Annualized return comparison

Automatic investment

0.0 %

Momentum 1Q

-0.0 %

Momentum 2Q

-0.0 %

Non-directional

-0.0 %

Correlated stocks

Here are the most positively and negatively correlated stocks with Magnora ASA:

Positive correlations

Most correlated stocks this year


Most correlated stocks last 3 months

Negative correlation

Most negatively correlated stocks this year


Most negatively correlated stocks last 3 months

Note: The algorithm computes the probability of correlation between Magnora ASA and the other stocks. There may be false positives or some missing correlated stocks. If the price of Magnora ASA does not vary for 36 weeks, the correlation calculation result will be wrong.


Company information

Company name Magnora ASA
Country Norway
City Oslo
Address Karenslyst Allé 2
Phone
Website www.magnoraasa.com
FullTime employees
Industry
Sector
Exchange XLON
Ticker 0MHQ.XLON
Market www.londonstockexchange.com

Magnora ASA ESG Scores

Environment scores

Environment ESG Factors Scores
Environment Score 0
Peer Environment Performance unknown
Environment Percentile unknown
Palm Oil unknown
Nuclear unknown
Fur Leather unknown
GMO unknown
Coal unknown
Pesticides unknown
Animal Testing unknown

Social scores

Social ESG Factors Scores
Social Score 0
Peer Social Performance unknown
Social Percentile unknown
Highest Controversy unknown
Peer Highest Controversy Performance unknown
Adult unknown
Gambling unknown
Alcoholic unknown
Tobacco unknown
Catholic unknown
Controversial Weapons unknown
Small Arms unknown
Military Contract unknown
Peer Count unknown

Related Controversy:


Governance scores

Governance ESG Factors Scores
Governance Score 0
Peer Governance Performance unknown
Governance Percentile unknown

ESG at glance
Total ESG Scores: unknown
Environment Score: 0
Social Score: 0
Governance Score: 0

ESG Performance: unknown

Peer Group: unknown

Peer Esg Score Performance: unknown

Rating Year: unknown

Rating Month: unknown

Max Age: unknown

Percentile: unknown