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Magnora ASA (SVMRF)
OTHER OTC:SVMRF
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Earnings Data
Report Date
Feb 18, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
-0.01Last Year’s EPS
-0.02Same Quarter Last Year
Moderate Buy
Based on 1 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 15, 2019
|% Change Since: 6.05%
|Next Earnings Date:Nov 27, 2018
Earnings Call Sentiment|Positive
The earnings call reflects a positive outlook based on significant returns from strategic investments, substantial capital returns, and ongoing portfolio expansion. Despite some operational challenges, such as negative cash flow from operating activities, the company’s strategic initiatives, strong market positioning, and partnerships indicate robust growth potential.Company Guidance
In the Q3 2024 earnings call for Magnora, CEO Erik Sneve highlighted a successful quarter marked by significant financial and strategic achievements. The company received NOK 330 million upfront for its 40% share in Helios, achieving a 16-fold return on its initial investment of NOK 20 million. Magnora also delivered a dividend of NOK 4.187 per share in August and resumed a NOK 50 million share buyback program in September. The company expanded its greenfield projects into Germany and Italy, increasing its portfolio to 4.3 gigawatts in South Africa alone, with a total portfolio of nearly 12.5 gigawatts including sold projects. Net cash from investment activities was approximately NOK 330 million, contributing to a strong cash position of NOK 335 million at the end of Q3. Magnora's business model, focused on asset-light operations, capital discipline, and early sales, has allowed it to achieve significant returns, including a 16x return on Helios and a potential 10x return on Evolar. The company maintains zero debt, a low burn rate, and continues to explore opportunities in new markets, with a pipeline exceeding 10 gigawatts.Significant Return on Investment
Received NOK 330 million upfront for a 40% share in Helios, achieving a 16x return on the initial investment of NOK 20 million.
Capital Return Milestone
Passed NOK 1 billion in capital return since 2018, with a NOK 4.187 dividend delivered in August 2024.
Share Buyback and Expansion
Resumed a NOK 50 million share buyback program and announced entries into Germany and Italy with local management hires.
Portfolio Growth
South Africa portfolio added another 800 MW, reaching 4.3 GW including sold projects; increased guiding to 12.5 GW.
Cash Position and No Debt
Holding NOK 335 million in cash and cash equivalents with 0 debt and a low burn rate.
Strategic Partnerships and Sales
Vinci acquired Helios, providing a 16x return, and a strategic cooperation is planned over the next 5 years.
Solar and Battery Market Growth
Polysilicon prices dropped 90% since 2022, enhancing pricing power for developers, and battery storage markets are expanding rapidly.
Strong Market Position in South Africa
Expanded land bank and sold over 600 MW in 15 months; positioned well with 15 employees, expanding to 20 by year-end.
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SVMRF Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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SVMRF Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 15, 2024 | $2.15 | $2.15 | 0.00% |
| Jul 15, 2024 | $2.09 | $2.09 | 0.00% |
| Apr 16, 2024 | $1.80 | $1.80 | 0.00% |
| Feb 29, 2024 | $1.80 | $1.80 | 0.00% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Magnora ASA (SVMRF) report earnings?
Magnora ASA (SVMRF) is schdueled to report earning on Feb 18, 2025, TBA Not Confirmed.
What is Magnora ASA (SVMRF) earnings time?
Magnora ASA (SVMRF) earnings time is at Feb 18, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is SVMRF EPS forecast?
SVMRF EPS forecast for the fiscal quarter 2024 (Q4) is -0.01.
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