Data sourced from SEC EDGAR filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.
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Data sourced from SEC EDGAR filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.
Scana ASA is an active industrial holding company specializing in technology and services for the offshore and energy industries. Headquartered in Bergen, Norway, it operates primarily through two segments: Energy and Offshore, with the majority of revenue derived from the Offshore segment. This division provides design and manufacturing of riser applications, specialist subsea equipment, rig servicing, inspection, maintenance, and repair (IMR) lifecycle services for rigs and vessels, as well as mooring systems and valve control solutions for shipping, energy, and aquaculture sectors. The Energy segment offers energy storage solutions, shore power modules, and electrical power system integration. Geographically, Scana ASA generates maximum revenue from Norway, followed by other European countries, America, Asia, and Africa. Formerly known as Incus Investor ASA until its rebranding in May 2020, the company traces its industrial roots to the early 1900s and was formally established in 1987. With approximately 600 employees, Scana ASA plays a significant role in ocean industries, including marine, oil and gas, aquaculture, and renewable energy, through portfolio companies like Skarpenord, Seasystems, and Subseatec, focusing on organic growth, strategic mergers and acquisitions, and portfolio optimization for capital efficiency.
NOK 1.44
NOK 0.09 (-6.19%)
Price from 14 days ago
The business is unprofitable at the operating level (-0.75% margin). The thesis depends entirely on whether and when it reaches sustainable profitability.
Revenue declined 20.2% YoY. Margins deteriorated 6.3pp alongside, both lines moving the wrong way.
At 222x earnings, the current multiple leaves limited room for execution misses or growth deceleration. ROIC dropped from 7.14% to -0.81%, capital efficiency is deteriorating.
221.7x earnings, 4.0x FCF. The market is pricing in years of above-average growth. If that thesis breaks, downside from multiple compression alone could be 30%+. This is a stock where you're paying for the future, not the present.
Based on TTM earnings · Diluted shares
Profitability & Returns
Revenue (TTM)
NOK 1.65B
▼ -20.2% YoY
Net Income (TTM)
NOK 3M
▼ -143.6% YoY
Op. Margin
2.55%
▼ -6.3pp YoY
ROIC
-0.81%
▼ -8.0pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
NOK 166M
▲ +102.3% YoY
Op. Cash Flow (TTM)
NOK 222M
▲ +65.3% YoY
Net Debt
NOK 418M
Cash & Equiv.
NOK 54M
3Y CAGR: +19.3%
3Y CAGR: +37.8%
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At a P/E of 221.7 and a price-to-free-cash-flow of 4.0, Scana ASA (SCANA.XOSL) trades below a two-stage DCF intrinsic value of about NOK 17.20 per share, so at NOK 1.44 the stock looks undervalued (1,094.8% below estimated intrinsic value). A high multiple is not the same as overvalued: fast-growing, high-quality businesses can deserve a premium. See the general approach in how to tell if a stock is overvalued.
On quality, Scana ASA scores 64/100 on Intrinsiqq's quality scorecard (a solid business on these measures), weighing growth, margins, returns on capital, share count, and balance-sheet strength. All figures are computed from SEC filings; read the full methodology. This is analysis, not investment advice.
Intrinsiqq's two-stage DCF estimates an intrinsic value of about NOK 17.20 per share for SCANA.XOSL, projecting its recent free cash flow forward with a growth rate that fades toward a long-run rate and discounting it back to today. Applying a 25% margin of safety gives a more conservative fair-value entry around NOK 12.90. At today's NOK 1.44, that puts the stock about 1,094.8% below estimated intrinsic value. The result is sensitive to the growth and discount-rate inputs, so it is best to run conservative, base and optimistic cases. You can adjust all of them yourself with the sliders on the DCF tab.
Scana ASA scores 64 out of 100 on Intrinsiqq's quality score, a weighted blend of 8 metrics each scored 0 to 100, which makes it a solid business on these measures. Recent fundamentals include a 2.6% operating margin and a -0.8% return on invested capital. The score weighs revenue and free-cash-flow growth, operating margins, return on invested capital, share-count change, and balance-sheet strength, all computed from SEC filings, not opinion. Because valuation only means something relative to quality, the full metric-by-metric breakdown is on the quality scorecard.
That depends on valuation and quality together, not either alone. SCANA.XOSL currently trades below its estimated intrinsic value and scores 64/100 on quality (solid). A cheap price is only a bargain if the business is durable, and a premium can be justified by genuine quality, so the two questions, "is it cheap?" and "is it good?", only make sense side by side. Read the valuation against the quality scorecard, run the DCF on your own assumptions, and decide for yourself. This is analysis from SEC filings, not investment advice.