Sfe AS
Score · fiscal year 2023
53of 100
How to read this: the company is ahead of 63 % of companies in the Morning class Large in the same sector in 2023. What does this mean?
Rank in the Morning class Large: 24 of 64 · What are Morning company classes?
Place in the whole sector: 357 of 823 · Kraft og energi
Profile
Cheetah · Sprinter
High profitability, lower solidity
Position against comparable companies in 2023, not a verdict on the company. Based on profitability 52 and solidity 48 out of 100 among companies in the Morning class Large in the same sector in 2023. Methodology
Against the sector
Sfe AS is 5 points above the median for companies in the Morning class Large in the same sector in 2023.
Median score 48 among 64 companies.
Against companies in the Morning class Large in the same sector in 2023: operating margin 18.7% (median 21.1%) and equity ratio 34.0% (median 34.2%).
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 2,510 MNOK | 1,598 MNOK |
| Operating margin | 18.7% | 21.1% |
| Profit margin | 20.1% | 20.4% |
| Return on assets | 12.4% | 10.1% |
| Equity ratio | 34.0% | 34.2% |
| Debt-to-equity | 1.94 | 1.93 |
| Current ratio | 1.20 | 1.11 |
| Revenue growth | – | −39.3% |
| Revenue per employee | 22.21 MNOK | 25.16 MNOK |
The median and “ahead of” refer to companies in the Morning class Large in the same sector in 2023. The bar shows the share of companies the figure is ahead of.
With an index of 53, Sfe AS does better than 63% of companies in the Morning class Large in the same sector (64 companies) in 2023.
Score 2023–2025
- Sfe AS
- Median: companies in the Morning class Large in the same sector
What the numbers say
Sfe AS had an operating margin of 18.7% and an equity ratio of 34.0% in 2023, and ranks 357 of 823 in Kraft og energi.
Sfe AS did better than the sector in 2025, the sector's weakest year.
This text is generated automatically from the 2023 accounts.
Three simple methods
The methods give between 1,520 MNOK and 2,742 MNOK.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 10.0 | 2,742 MNOK |
| EV/EBIT | 8.0 | 1,520 MNOK |
| P/B | 1.0 | 1,579 MNOK |
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
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 2.3% of the debt in 2023. The policy rate averaged 3.54 % 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
No anomalies found in the figures.
Scenario analysis: the sector's weakest year
The operating margin was 18.7% in 2025 (sector median 16.1%), and the equity ratio 37.6%. In the other years the operating margin averaged 16.5%.
The sector's weakest year was 2025, with a median operating margin of 16.1%. Based on the 5 fiscal years we have. The analysis grows as more years are fetched or imported. Methodology
What the score is made of
| Profitability | 52 | weight 30% |
|---|---|---|
| Solidity | 48 | weight 25% |
| Liquidity | 62 | weight 15% |
| Growth | – | no data, left out |
| Consistency | 55 | weight 15% |
Index version 2. Data completeness 85%: the share of the weights that had data.
Questions and answers
How profitable is Sfe AS?
The operating margin was 18.7% in 2023, against a median of 21.1% among companies in the Morning class Large in the same sector. Return on assets was 12.4%.
How solid is Sfe AS?
The equity ratio was 34.0% in 2023 (median 34.2%). Debt-to-equity was 1.94 (median 1.93).
What is the liquidity of Sfe AS like?
The current ratio was 1.20 in 2023 (median 1.11).
How does Sfe AS compare in Kraft og energi?
Sfe AS ranks 357 of 823 in Kraft og energi for 2023. Among companies in the Morning class Large it is number 24 of 64.
From the Central Coordinating Register
- Org. no.
- 984882106
- Legal form
- AS
- Sector
- Kraft og energi (35.121)
- Morning company class
- Large
- Employees
- 113 registered 10 October 2026
- Founded
- 16 September 2002 24 years in operation
- Share capital
- 600.00 MNOK
- Business address
- c/o Sogn og Fjordane Energi AS, Sørstrandsvegen 227, 6823 SANDANE (GLOPPEN)
- Municipality
- Gloppen rank 4–17 of 39 in KOSTRA group 4
- Latest accounts filed
- 2025
- Website
- www.sfe.no
- LEI
- 5493008VQD4YRCZ5IQ78 renews 30 May 2027
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
- Chief executive
- Knut Arild Flatjord
- Chair of the board
- Knut Arild Flatjord
- Board member
- Eivind Risøy
- Board member
- Monica Heggheim
- Board member
- Ole Ingebrigt Sunnset
- Board member
- Ingvill Hestenes
- Deputy member
- Martin Holvik
- Deputy member
- Harald Røyrvik
- Deputy member
- Eli Bjørhovde Rindal
- Deputy member
- Mari Merete Hestenes Netland
- Auditor
- Deloitte AS
Source: Central Coordinating Register, fetched 29 October 2026. Only names are shown.
- Parent company
- Sogn og Fjordane Energi AS (Norway)
Source: GLEIF (Global Legal Entity Identifier Foundation), fetched 29 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 29 October 2026.
Year by year · 2023–2025
| Key figure | 2023 | 2024 | 2025 | Trend |
|---|---|---|---|---|
| Index | 53 | 58 | 52 | |
| Rank | 357 | 269 | 392 | |
| Operating margin | 18.7% | 14.2% | 18.7% | |
| Return on assets | 12.4% | 8.8% | 9.3% | |
| Equity ratio | 34.0% | 38.7% | 37.6% | |
| Current ratio | 1.20 | 2.36 | 1.38 | |
| Revenue growth | – | −19.2% | −6.9% |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | 2,509.6 MNOK | 2,027.0 MNOK | 1,887.9 MNOK |
| Operating profit | 470.4 MNOK | 288.7 MNOK | 353.0 MNOK |
| Profit before tax | 505.3 MNOK | 324.7 MNOK | 372.8 MNOK |
| Net profit | 274.2 MNOK | 191.6 MNOK | 190.5 MNOK |
| Financial expenses | 69.4 MNOK | 65.4 MNOK | 70.6 MNOK |
| Total assets | 4,644.9 MNOK | 4,437.1 MNOK | 4,756.4 MNOK |
| Current assets | 833.5 MNOK | 775.7 MNOK | 797.2 MNOK |
| Equity | 1,579.1 MNOK | 1,715.4 MNOK | 1,790.0 MNOK |
| Retained earnings | 429.3 MNOK | 565.6 MNOK | 640.2 MNOK |
| Total liabilities | 3,065.8 MNOK | 2,721.7 MNOK | 2,966.5 MNOK |
| Current liabilities | 695.9 MNOK | 329.0 MNOK | 577.4 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 29 October 2026, accounts id 5328311.
Further
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