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SCATEC ASA (SCATC.OL) Stock Fundamental Analysis

OSL:SCATC - Euronext Oslo - NO0010715139 - Common Stock - Currency: NOK

98.675  +0.33 (+0.33%)

Fundamental Rating

4

SCATC gets a fundamental rating of 4 out of 10. The analysis compared the fundamentals against 22 industry peers in the Independent Power and Renewable Electricity Producers industry. While SCATC is still in line with the averages on profitability rating, there are concerns on its financial health. SCATC is valied quite expensively at the moment, while it does show a decent growth rate.


Dividend Valuation Growth Profitability Health

6

1. Profitability

1.1 Basic Checks

SCATC had positive earnings in the past year.
In the past year SCATC had a positive cash flow from operations.
In multiple years SCATC reported negative net income over the last 5 years.
Each year in the past 5 years SCATC had a positive operating cash flow.
SCATC.OL Yearly Net Income VS EBIT VS OCF VS FCFSCATC.OL Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 2B -2B -4B

1.2 Ratios

SCATC has a better Return On Assets (5.02%) than 86.36% of its industry peers.
SCATC has a better Return On Equity (21.53%) than 90.91% of its industry peers.
SCATC has a Return On Invested Capital of 3.44%. This is comparable to the rest of the industry: SCATC outperforms 54.55% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for SCATC is below the industry average of 5.31%.
The last Return On Invested Capital (3.44%) for SCATC is above the 3 year average (2.96%), which is a sign of increasing profitability.
Industry RankSector Rank
ROA 5.02%
ROE 21.53%
ROIC 3.44%
ROA(3y)0.24%
ROA(5y)0.02%
ROE(3y)1.13%
ROE(5y)0.43%
ROIC(3y)2.96%
ROIC(5y)3.3%
SCATC.OL Yearly ROA, ROE, ROICSCATC.OL Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 10 -10 20

1.3 Margins

Looking at the Profit Margin, with a value of 53.52%, SCATC belongs to the top of the industry, outperforming 95.45% of the companies in the same industry.
In the last couple of years the Profit Margin of SCATC has grown nicely.
The Operating Margin of SCATC (43.00%) is better than 86.36% of its industry peers.
In the last couple of years the Operating Margin of SCATC has declined.
Industry RankSector Rank
OM 43%
PM (TTM) 53.52%
GM N/A
OM growth 3Y2.82%
OM growth 5Y-1.73%
PM growth 3Y32.88%
PM growth 5YN/A
GM growth 3YN/A
GM growth 5YN/A
SCATC.OL Yearly Profit, Operating, Gross MarginsSCATC.OL Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 20 -20 40 -40 60 80

2

2. Health

2.1 Basic Checks

SCATC has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
SCATC has about the same amout of shares outstanding than it did 1 year ago.
The number of shares outstanding for SCATC has been increased compared to 5 years ago.
The debt/assets ratio for SCATC has been reduced compared to a year ago.
SCATC.OL Yearly Shares OutstandingSCATC.OL Yearly Shares OutstandingYearly Shares Outstanding 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 50M 100M 150M
SCATC.OL Yearly Total Debt VS Total AssetsSCATC.OL Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 10B 20B 30B 40B

2.2 Solvency

Based on the Altman-Z score of 0.56, we must say that SCATC is in the distress zone and has some risk of bankruptcy.
SCATC has a worse Altman-Z score (0.56) than 68.18% of its industry peers.
A Debt/Equity ratio of 2.46 is on the high side and indicates that SCATC has dependencies on debt financing.
SCATC has a Debt to Equity ratio of 2.46. This is amonst the worse of the industry: SCATC underperforms 90.91% of its industry peers.
Industry RankSector Rank
Debt/Equity 2.46
Debt/FCF N/A
Altman-Z 0.56
ROIC/WACC0.47
WACC7.26%
SCATC.OL Yearly LT Debt VS Equity VS FCFSCATC.OL Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 5B -5B 10B 15B 20B

2.3 Liquidity

A Current Ratio of 1.34 indicates that SCATC should not have too much problems paying its short term obligations.
The Current ratio of SCATC (1.34) is comparable to the rest of the industry.
A Quick Ratio of 1.34 indicates that SCATC should not have too much problems paying its short term obligations.
Looking at the Quick ratio, with a value of 1.34, SCATC is in line with its industry, outperforming 54.55% of the companies in the same industry.
Industry RankSector Rank
Current Ratio 1.34
Quick Ratio 1.34
SCATC.OL Yearly Current Assets VS Current LiabilitesSCATC.OL Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2B 4B 6B 8B

6

3. Growth

3.1 Past

The Earnings Per Share has grown by an impressive 224.00% over the past year.
SCATC shows a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 50.44% yearly.
Looking at the last year, SCATC shows a quite strong growth in Revenue. The Revenue has grown by 8.18% in the last year.
Measured over the past years, SCATC shows a quite strong growth in Revenue. The Revenue has been growing by 19.27% on average per year.
EPS 1Y (TTM)224%
EPS 3Y50.44%
EPS 5YN/A
EPS Q2Q%757.53%
Revenue 1Y (TTM)8.18%
Revenue growth 3Y12.87%
Revenue growth 5Y19.27%
Sales Q2Q%48.81%

3.2 Future

Based on estimates for the next years, SCATC will show a very negative growth in Earnings Per Share. The EPS will decrease by -27.61% on average per year.
Based on estimates for the next years, SCATC will show a quite strong growth in Revenue. The Revenue will grow by 10.53% on average per year.
EPS Next Y-55.48%
EPS Next 2Y-48.02%
EPS Next 3Y-11.22%
EPS Next 5Y-27.61%
Revenue Next Year-7.05%
Revenue Next 2Y-5.29%
Revenue Next 3Y2.49%
Revenue Next 5Y10.53%

3.3 Evolution

The EPS growth rate is decreasing: in the next years the growth will be less than in the last years.
The estimated forward Revenue growth is still strong, although it is decreasing when compared to the stronger growth in the past years.
SCATC.OL Yearly Revenue VS EstimatesSCATC.OL Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2B 4B 6B 8B 10B
SCATC.OL Yearly EPS VS EstimatesSCATC.OL Yearly EPS VS EstimatesYearly EPS VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 0 5 -5 10 -10

3

4. Valuation

4.1 Price/Earnings Ratio

With a Price/Earnings ratio of 7.17, the valuation of SCATC can be described as very cheap.
Based on the Price/Earnings ratio, SCATC is valued cheaply inside the industry as 90.91% of the companies are valued more expensively.
SCATC is valuated cheaply when we compare the Price/Earnings ratio to 27.41, which is the current average of the S&P500 Index.
With a Price/Forward Earnings ratio of 44.32, SCATC can be considered very expensive at the moment.
63.64% of the companies in the same industry are cheaper than SCATC, based on the Price/Forward Earnings ratio.
SCATC is valuated rather expensively when we compare the Price/Forward Earnings ratio to 35.19, which is the current average of the S&P500 Index.
Industry RankSector Rank
PE 7.17
Fwd PE 44.32
SCATC.OL Price Earnings VS Forward Price EarningsSCATC.OL Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30 40

4.2 Price Multiples

SCATC's Enterprise Value to EBITDA ratio is in line with the industry average.
Industry RankSector Rank
P/FCF N/A
EV/EBITDA 12.53
SCATC.OL Per share dataSCATC.OL EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 20 40 60

4.3 Compensation for Growth

The decent profitability rating of SCATC may justify a higher PE ratio.
SCATC's earnings are expected to decrease with -11.22% in the coming years. This may justify a cheaper valuation.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y-48.02%
EPS Next 3Y-11.22%

4

5. Dividend

5.1 Amount

With a Yearly Dividend Yield of 2.81%, SCATC has a reasonable but not impressive dividend return.
Compared to an average industry Dividend Yield of 3.51, SCATC pays a bit more dividend than its industry peers.
Compared to an average S&P500 Dividend Yield of 2.35, SCATC has a dividend comparable with the average S&P500 company.
Industry RankSector Rank
Dividend Yield 2.81%

5.2 History

The dividend of SCATC has a limited annual growth rate of 0.64%.
Dividend Growth(5Y)0.64%
Div Incr Years0
Div Non Decr Years0

5.3 Sustainability

15.82% of the earnings are spent on dividend by SCATC. This is a low number and sustainable payout ratio.
DP15.82%
EPS Next 2Y-48.02%
EPS Next 3Y-11.22%
SCATC.OL Yearly Income VS Free CF VS DividendSCATC.OL Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 -2B -4B
SCATC.OL Dividend Payout.SCATC.OL Dividend Payout, showing the Payout Ratio.SCATC.OL Dividend Payout.PayoutRetained Earnings

SCATEC ASA

OSL:SCATC (7/14/2025, 11:00:15 AM)

98.675

+0.33 (+0.33%)

Chartmill FA Rating
GICS SectorUtilities
GICS IndustryGroupUtilities
GICS IndustryIndependent Power and Renewable Electricity Producers
Earnings (Last)05-08 2025-05-08/bmo
Earnings (Next)08-19 2025-08-19
Inst Owners50.53%
Inst Owner ChangeN/A
Ins Owners0.83%
Ins Owner ChangeN/A
Market Cap15.68B
Analysts83.53
Price Target101.07 (2.43%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 2.81%
Yearly Dividend2.49
Dividend Growth(5Y)0.64%
DP15.82%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)664.27%
Min EPS beat(2)-205.37%
Max EPS beat(2)1533.91%
EPS beat(4)2
Avg EPS beat(4)406.94%
Min EPS beat(4)-205.37%
Max EPS beat(4)1533.91%
EPS beat(8)4
Avg EPS beat(8)225.63%
EPS beat(12)N/A
Avg EPS beat(12)N/A
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)1
Avg Revenue beat(2)-20%
Min Revenue beat(2)-45.72%
Max Revenue beat(2)5.71%
Revenue beat(4)2
Avg Revenue beat(4)-9.06%
Min Revenue beat(4)-45.72%
Max Revenue beat(4)32.51%
Revenue beat(8)3
Avg Revenue beat(8)-13.91%
Revenue beat(12)3
Avg Revenue beat(12)-22.45%
Revenue beat(16)3
Avg Revenue beat(16)-24.81%
PT rev (1m)0%
PT rev (3m)1.77%
EPS NQ rev (1m)-101.54%
EPS NQ rev (3m)-101.54%
EPS NY rev (1m)0%
EPS NY rev (3m)-9.09%
Revenue NQ rev (1m)-5.91%
Revenue NQ rev (3m)-17.46%
Revenue NY rev (1m)0%
Revenue NY rev (3m)1.86%
Valuation
Industry RankSector Rank
PE 7.17
Fwd PE 44.32
P/S 3.84
P/FCF N/A
P/OCF 5.97
P/B 1.54
P/tB 1.63
EV/EBITDA 12.53
EPS(TTM)13.77
EY13.95%
EPS(NY)2.23
Fwd EY2.26%
FCF(TTM)-5.07
FCFYN/A
OCF(TTM)16.52
OCFY16.75%
SpS25.71
BVpS63.91
TBVpS60.55
PEG (NY)N/A
PEG (5Y)N/A
Profitability
Industry RankSector Rank
ROA 5.02%
ROE 21.53%
ROCE 4.55%
ROIC 3.44%
ROICexc 3.96%
ROICexgc 4.02%
OM 43%
PM (TTM) 53.52%
GM N/A
FCFM N/A
ROA(3y)0.24%
ROA(5y)0.02%
ROE(3y)1.13%
ROE(5y)0.43%
ROIC(3y)2.96%
ROIC(5y)3.3%
ROICexc(3y)3.28%
ROICexc(5y)4%
ROICexgc(3y)3.34%
ROICexgc(5y)4.08%
ROCE(3y)3.97%
ROCE(5y)4.4%
ROICexcg growth 3Y2.09%
ROICexcg growth 5Y-0.6%
ROICexc growth 3Y3.07%
ROICexc growth 5Y-0.88%
OM growth 3Y2.82%
OM growth 5Y-1.73%
PM growth 3Y32.88%
PM growth 5YN/A
GM growth 3YN/A
GM growth 5YN/A
F-Score8
Asset Turnover0.09
Health
Industry RankSector Rank
Debt/Equity 2.46
Debt/FCF N/A
Debt/EBITDA 8.46
Cap/Depr 285.44%
Cap/Sales 83.97%
Interest Coverage 0.76
Cash Conversion 88.75%
Profit Quality N/A
Current Ratio 1.34
Quick Ratio 1.34
Altman-Z 0.56
F-Score8
WACC7.26%
ROIC/WACC0.47
Cap/Depr(3y)380.19%
Cap/Depr(5y)295.46%
Cap/Sales(3y)119.01%
Cap/Sales(5y)90.58%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)224%
EPS 3Y50.44%
EPS 5YN/A
EPS Q2Q%757.53%
EPS Next Y-55.48%
EPS Next 2Y-48.02%
EPS Next 3Y-11.22%
EPS Next 5Y-27.61%
Revenue 1Y (TTM)8.18%
Revenue growth 3Y12.87%
Revenue growth 5Y19.27%
Sales Q2Q%48.81%
Revenue Next Year-7.05%
Revenue Next 2Y-5.29%
Revenue Next 3Y2.49%
Revenue Next 5Y10.53%
EBIT growth 1Y2.69%
EBIT growth 3Y16.05%
EBIT growth 5Y17.21%
EBIT Next Year16.75%
EBIT Next 3Y13.44%
EBIT Next 5Y15.09%
FCF growth 1Y66.71%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y94.66%
OCF growth 3Y14.31%
OCF growth 5Y10.72%