Morgedal AS
Score · fiscal year 2025
Not enough data: Revenue not reported
Based on the annual accounts for 2025
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 0 MNOK | 18 MNOK |
| Operating margin | – | 3.8% |
| Profit margin | – | 3.4% |
| Return on assets | 12.9% | 9.1% |
| Equity ratio | 95.2% | 29.8% |
| Debt-to-equity | 0.05 | 1.92 |
| Current ratio | 2.01 | 1.35 |
| Revenue growth | – | 7.2% |
The median and “ahead of” refer to companies in the same sector in 2025. The bar shows the share of companies the figure is ahead of.
Score over time
Score over time needs at least two fiscal years with a score. It will appear when next year's figures are fetched or history is imported.
The industry or the company: what drove the result?
The company and its sector's drivers
Prices, rate and currency that shape the sector's year, year by year beside the operating margin of Morgedal AS. The figures stand side by side; we claim no cause.
Service prices: transport and storage (indeks (2021 = 100))
| Measure | 2025 | 2026 |
|---|---|---|
| Service prices: transport and storage, annual average | 114.6 | 119.3 (so far) |
| Change from the year before | – | +4.1% |
| The company's operating margin | – | – |
Source: SSB (14335, CC BY 4.0). Source
Turnover index: transport and storage (49–53, incl. shipping) (indeks (2021 = 100))
| Measure | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|
| Turnover index: transport and storage (49–53, incl. shipping), annual average | 99.6 | 124.2 | 125.0 | 128.8 | 132.2 | 137.4 (so far) |
| Change from the year before | −2.2% | +24.7% | +0.7% | +3.1% | +2.6% | +3.9% |
| The company's operating margin | – | – | – | – | – | – |
Source: SSB (13863, CC BY 4.0). Source
Oil price (export price of crude oil) (kr per fat)
| Measure | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|
| Oil price (export price of crude oil), annual average | 609 | 979 | 877 | 859 | 708 | 881 (so far) |
| Change from the year before | +61.1% | +60.8% | −10.5% | −2.0% | −17.6% | +24.5% |
| The company's operating margin | – | – | – | – | – | – |
Source: SSB (08799, CC BY 4.0). Source
Consumer price index (indeks (2025 = 100))
| Measure | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|
| Consumer price index, annual average | 84.3 | 89.2 | 94.1 | 97.0 | 100.0 | 102.9 (so far) |
| Change from the year before | +3.5% | +5.8% | +5.5% | +3.2% | +3.0% | +2.9% |
| The company's operating margin | – | – | – | – | – | – |
Source: SSB (14710, CC BY 4.0). Source
Policy rate (prosent)
| Measure | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|
| Policy rate, annual average | 0.08 | 1.32 | 3.54 | 4.50 | 4.30 | 4.17 (so far) |
| Change from the year before | −0.28 percentage points | +1.24 percentage points | +2.22 percentage points | +0.96 percentage points | −0.20 percentage points | −0.12 percentage points |
| The company's operating margin | – | – | – | – | – | – |
Source: Norges Bank (IR, NLOD 2.0). Source
Wage index: land transport (indeks)
| Measure | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|
| Wage index: land transport, annual average | 87.5 | 91.1 | 95.7 | 101.0 | 106.2 | 108.9 (so far) |
| Change from the year before | +3.3% | +4.1% | +5.1% | +5.5% | +5.1% | +2.5% |
| The company's operating margin | – | – | – | – | – | – |
Source: SSB (12314, CC BY 4.0). Source
We show the drivers and the margin side by side and claim no cause. Sensitivity per company is not computed until we have at least 10 years of accounts per company: with three years such figures are false precision.
What the numbers say
Morgedal AS had an equity ratio of 95.2% in 2025. The company is not ranked: revenue not reported.
From 2024 to 2025: went from a loss to a profit before tax.
This text is generated automatically from the 2025 accounts.
Three simple methods
One method gives a figure: 9 MNOK.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 15.1 | not meaningful |
| EV/EBIT | 16.7 | not meaningful |
| P/B | 1.8 | 9 MNOK |
The listed basis is the value at listed multiples. The estimate is lowered by 51% for an unlisted company: 20% for lack of marketability and 38% for size (a small-company premium of 4% on the cost of equity).
A mechanical estimate from public accounts, not advice. A mechanical estimate from public accounts with listed multiples and fixed adjustments. Not a valuation and not advice to buy or sell. See the calculation
Worth a closer look
No rules were triggered for this year.
Indications based on the latest annual accounts from open data. Not investment or financial advice.
Financial costs were 83.5% of the debt in 2025. The policy rate averaged 4.30 % the same year. This is a plain description of what the debt cost, not a model of interest sensitivity.
See interest rates, prices and exchange rates for the sector
Data quality
- watch No revenue but large assets
Scenario analysis: the sector's weakest year
We have no accounts for 2022, the sector's weakest year, for this company.
The sector's weakest year was 2022, with a median operating margin of 2.9%. Based on the 8 fiscal years we have. The analysis grows as more years are fetched or imported. Methodology
Questions and answers
How profitable is Morgedal AS?
The operating margin was – in 2025, against a median of 3.8% among companies in the same sector. Return on assets was 12.9%.
How solid is Morgedal AS?
The equity ratio was 95.2% in 2025 (median 29.8%). Debt-to-equity was 0.05 (median 1.92).
What is the liquidity of Morgedal AS like?
The current ratio was 2.01 in 2025 (median 1.35).
From the Central Coordinating Register
- Org. no.
- 914351111
- Legal form
- AS
- Sector
- Transport og lagring (49.410)
- Employees
- 0–4 (not registered)
- Founded
- 5 May 1978 48 years in operation
- Share capital
- 0.10 MNOK
- Business address
- Råmunddalvegen 56, 3848 MORGEDAL (KVITESEID)
- Municipality
- Kviteseid rank 9–24 of 39 in KOSTRA group 4
- Audit
- Audit opted out from 28 July 2011
- Latest accounts filed
- 2025
Source: Central Coordinating Register, Brønnøysund Register Centre. The employee count is reported by the company and may be older than the accounts. See the company at the Brønnøysund Register Centre
Ownership and roles
Loading roles …
Source: Central Coordinating Register, fetched 2 November 2026. Only names are shown.
Shareholders (2025)
- Number of shareholders
- 2
- Largest owner
- 50.0%
- Split
- companies 0% · private persons 100% · foreign 0%
- Owned from the same municipality
- 100%
Change 2007–2025: no material change in the owners.
Majority owner of: Gjersund Transport AS (100%)
Holds shares in: Gjersund Transport AS (100%), Telemark Bilruter AS (12%), Karmøy Naturstein AS (20%)
Source: the Norwegian Tax Administration's shareholder register as of 2025. Figures may be older than today's ownership. Private persons are not shown by name.
Error in the data?
Do you see an error in the figures or in how the company is mapped (sector, holding, group)? Let us know. Corrections require documentation.
Figures last fetched 30 October 2026.
Year by year · 2023–2025
| Key figure | 2023 | 2024 | 2025 | Trend |
|---|---|---|---|---|
| Index | – | – | – | |
| Rank | – | – | – | |
| Operating margin | – | – | – | |
| Return on assets | 0.9% | 0.2% | 12.9% | |
| Equity ratio | 99.1% | 99.2% | 95.2% | |
| Current ratio | 24.03 | 5.55 | 2.01 | |
| Revenue growth | – | – | – |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | 0.0 MNOK | 0.0 MNOK | 0.0 MNOK |
| Operating profit | 0.0 MNOK | 0.0 MNOK | 0.0 MNOK |
| Profit before tax | −1.2 MNOK | 0.0 MNOK | 1.0 MNOK |
| Tax expense | 0.0 MNOK | 0.0 MNOK | 0.0 MNOK |
| Net profit | −1.2 MNOK | 0.0 MNOK | 1.0 MNOK |
| Financial expenses | 1.3 MNOK | 0.1 MNOK | 0.4 MNOK |
| Total assets | 9.6 MNOK | 9.6 MNOK | 11.0 MNOK |
| Current assets | 1.7 MNOK | 0.4 MNOK | 1.0 MNOK |
| Equity | 9.5 MNOK | 9.5 MNOK | 10.5 MNOK |
| Retained earnings | 9.4 MNOK | 9.4 MNOK | 10.4 MNOK |
| Total liabilities | 0.1 MNOK | 0.1 MNOK | 0.5 MNOK |
| Current liabilities | 0.1 MNOK | 0.1 MNOK | 0.5 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 30 October 2026, accounts id 6961138.