Sar AS
Score · fiscal year 2024
43of 100
How to read this: the company is ahead of 29 % of companies in the Morning class Large in the same sector in 2024. What does this mean?
Rank in the Morning class Large: 13 of 18 · What are Morning company classes?
Place in the whole sector: 132 of 205 · Vann, avløp og renovasjon
Profile
Cheetah · Sprinter
High profitability, lower solidity
Position against comparable companies in 2024, not a verdict on the company. Based on profitability 71 and solidity 0 out of 100 among companies in the Morning class Large in the same sector in 2024. Methodology
Against the sector
Sar AS is 6 points below the median for companies in the Morning class Large in the same sector in 2024.
Median score 49 among 18 companies.
Against companies in the Morning class Large in the same sector in 2024: operating margin 6.0% (median 4.5%) and equity ratio −43.0% (median 31.4%).
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 1,182 MNOK | 1,061 MNOK |
| Operating margin | 6.0% | 4.5% |
| Profit margin | 2.2% | 2.9% |
| Return on assets | 16.9% | 10.3% |
| Equity ratio | −43.0% | 31.4% |
| Debt-to-equity | – | 2.10 |
| Current ratio | 0.75 | 0.97 |
| Revenue growth | 26.2% | 10.5% |
| Revenue per employee | 3.56 MNOK | 5.66 MNOK |
The median and “ahead of” refer to companies in the Morning class Large in the same sector in 2024. The bar shows the share of companies the figure is ahead of.
With an index of 43, Sar AS does better than 29% of companies in the Morning class Large in the same sector (18 companies) in 2024.
Score 2023–2025
- Sar AS
- Median: companies in the Morning class Large in the same sector
What the numbers say
Sar AS had an operating margin of 6.0% and an equity ratio of −43.0% in 2024, and ranks 132 of 205 in Vann, avløp og renovasjon.
From 2023 to 2024: went from a loss to a profit before tax and the equity ratio rose from −68.6% to −43.0%.
This text is generated automatically from the 2024 accounts.
Three simple methods
The methods give between 303 MNOK and 476 MNOK.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 10.0 | 476 MNOK |
| EV/EBIT | 8.0 | 303 MNOK |
| P/B | 1.0 | not meaningful |
A mechanical estimate from public accounts, not advice. Mechanical estimate from public accounts with fixed multiples. Not a valuation and not advice to buy or sell. The multiples are provisional default values and must be adjusted per sector before the figures are used for anything. See the calculation
Worth a closer look
- critical
Equity is negative. How will it be rebuilt, and what do lenders and the auditor say about going concern?
Based on: Equity ratio −43.0% (median 31.4%).
- watch
Consider strengthening liquidity: current liabilities are 1.3 times current assets.
Based on: Current ratio 0.75 (median 0.97).
- watch
Strong growth with weak liquidity. Is the growth financed, or does it tie up capital the company does not have?
Based on: Revenue growth 26.2% (median 10.5%); Current ratio 0.75 (median 0.97).
Indications based on the latest annual accounts from open data. Not investment or financial advice.
Financial costs were 7.7% of the debt in 2024. The policy rate averaged 4.50 % 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
- critical Negative equity
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 1.1%. Based on the 4 fiscal years we have. The analysis grows as more years are fetched or imported. Methodology
What the score is made of
| Profitability | 71 | weight 30% |
|---|---|---|
| Solidity | 0 | weight 25% |
| Liquidity | 12 | weight 15% |
| Growth | 94 | weight 15% |
| Consistency | 37 | weight 15% |
Durability: 23 (average over 2 years)
Index version 2. Data completeness 100%: the share of the weights that had data.
Questions and answers
How profitable is Sar AS?
The operating margin was 6.0% in 2024, against a median of 4.5% among companies in the Morning class Large in the same sector. Return on assets was 16.9%.
How solid is Sar AS?
The equity ratio was −43.0% in 2024 (median 31.4%). Equity is negative, so liabilities exceed assets.
What is the liquidity of Sar AS like?
The current ratio was 0.75 in 2024 (median 0.97). Current assets did not cover current liabilities.
How does Sar AS compare in Vann, avløp og renovasjon?
Sar AS ranks 132 of 205 in Vann, avløp og renovasjon for 2024. Among companies in the Morning class Large it is number 13 of 18. Revenue changed by 26.2% from the year before.
Public contracts
- Contracts awarded since 2024
- 0
- Total awarded value since 2024
- value not stated
| Date | Buyer | Notice | Value |
|---|---|---|---|
| 18 April 2018 | Ivar IKS | Oljeutskillertjenester | 1.0 MNOK |
Based on notices in Doffin. Does not show call-offs under framework agreements or purchases below the publication threshold. Values are as stated by the buyer.
Source: Doffin (DFØ), fetched 28 October 2026. Winners are matched on organisation number.
Contains data under the Norwegian licence for public data (NLOD 2.0) made available by Doffin/the Norwegian Agency for Public and Financial Management (DFØ). NLOD 2.0
From the Central Coordinating Register
- Org. no.
- 944178228
- Legal form
- AS
- Sector
- Vann, avløp og renovasjon (38.210)
- Morning company class
- Large
- Employees
- 332 registered 10 September 2026
- Founded
- 2 September 1987 39 years in operation
- Share capital
- 50.83 MNOK
- Business address
- Oljevegen 5, 4056 TANANGER (SOLA)
- Municipality
- Sola rank 2 of 27 in KOSTRA group 9
- Latest accounts filed
- 2025
- LEI
- 9845006F1BBED1F0D244 renews 3 December 2026
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 31 October 2026. Only names are shown.
- Parent company
- Parent not reported
Source: GLEIF (Global Legal Entity Identifier Foundation), fetched 31 October 2026. The parent is the one the company itself reported to GLEIF.
Owners and shareholdings will appear here once the shareholder data extract is in place.
Coming · not built yet
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 31 October 2026.
Year by year · 2023–2025
| Key figure | 2023 | 2024 | 2025 | Trend |
|---|---|---|---|---|
| Index | 3 | 43 | 48 | |
| Rank | 196 | 132 | 115 | |
| Operating margin | −1.4% | 6.0% | 8.8% | |
| Return on assets | −3.6% | 16.9% | 20.1% | |
| Equity ratio | −68.6% | −43.0% | 1.1% | |
| Current ratio | 0.56 | 0.75 | 0.68 | |
| Revenue growth | – | 26.2% | 29.0% |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | 936.6 MNOK | 1,182.3 MNOK | 1,525.3 MNOK |
| Operating profit | −13.4 MNOK | 70.6 MNOK | 134.3 MNOK |
| Profit before tax | −52.6 MNOK | 25.5 MNOK | 97.4 MNOK |
| Net profit | −52.6 MNOK | 47.6 MNOK | 196.1 MNOK |
| Financial expenses | 40.3 MNOK | 48.4 MNOK | 41.5 MNOK |
| Total assets | 344.0 MNOK | 438.1 MNOK | 690.3 MNOK |
| Current assets | 172.4 MNOK | 259.3 MNOK | 401.5 MNOK |
| Equity | −235.8 MNOK | −188.2 MNOK | 7.9 MNOK |
| Retained earnings | −616.5 MNOK | −568.8 MNOK | −42.9 MNOK |
| Total liabilities | 579.8 MNOK | 626.3 MNOK | 682.5 MNOK |
| Current liabilities | 308.8 MNOK | 346.5 MNOK | 586.2 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 31 October 2026, accounts id 6243085.
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