Sci AS
Not financial advice. The index, rank, signals and advice are rule-based indications from the latest filed annual accounts. They are not a credit rating, an assessment of management or a recommendation to buy, sell or do business with the company. Read more
Score · fiscal year 2024
73of 100
How to read this: the company is ahead of 90 % of companies in the Morning class Micro in the same sector in 2024. What does this mean?
Rank in the Morning class Micro: 747 of 7,108 · What are Morning company classes?
Place in the whole sector: 950 of 9,534 · Teknisk tjenesteyting og forskning
Profile
Lion · Leader
High profitability, high resilience
Position against comparable companies in 2024, not a verdict on the company. Based on profitability 75 and resilience 58 out of 100 among companies in the Morning class Micro in the same sector in 2024. Methodology
Against the sector
Sci AS is 22 points above the median for companies in the Morning class Micro in the same sector in 2024.
Median score 51 among 7,104 companies.
Against companies in the Morning class Micro in the same sector in 2024: operating margin 31.0% (median 8.0%) and equity ratio 63.2% (median 44.0%).
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 4 MNOK | 2 MNOK |
| Operating margin | 31.0% | 8.0% |
| Profit margin | 24.8% | 7.9% |
| Return on assets | 30.0% | 14.6% |
| Equity ratio | 63.2% | 44.0% |
| Debt-to-equity | 0.58 | 1.00 |
| Current ratio | 2.69 | 1.69 |
| Revenue growth | 74.8% | 6.8% |
The median and “ahead of” refer to companies in the Morning class Micro in the same sector in 2024. The bar shows the share of companies the figure is ahead of.
With an index of 73, Sci AS does better than 90% of companies in the Morning class Micro in the same sector (7,108 companies) in 2024.
Score 2023–2025
- Sci AS
- Median: companies in the Morning class Micro in the same sector
Working capital and debt
| Measure | Company | Median | |
|---|---|---|---|
| Working capital | |||
| Receivable days All current receivables, including those on group companies, in days of revenue. |
186 days | 47 days | |
| Inventory and other current assets, days Current assets other than receivables and bank deposits, that is inventory and short-term investments, in days of revenue. |
119 days | 0 days | |
| Net working capital to revenue Current assets less bank deposits less current liabilities, divided by revenue. Negative: short-term debt funds the operations. |
45.3% | −7.1% | |
| Cash share of current assets How much of the short-term buffer is bank deposits and cash. |
18.3% | 56.7% | |
| Debt and interest burden | |||
| Interest coverage (times) Operating result divided by all financial costs. Below 1: operations do not cover the cost of the debt. |
5.0 | 13.8 | |
| Financial costs as a share of debt All financial costs (interest, currency losses and other) divided by all debt, interest-free debt included. Not an interest rate. |
16.4% | 0.7% | |
| Long-term share of debt Long-term debt as a share of all debt. A low share means more falls due within a year. |
0.0% | 0.0% | |
Net working capital (current assets less bank deposits less current liabilities): 1.8 MNOK.
Of the financial costs of 0.3 MNOK, 0.2 MNOK is reported as interest costs in the accounts.
The median and the bar refer to companies in the Morning class Micro in the same sector in 2024. The bar shows the share of the group with a lower figure: higher is not always better, long receivable days tie up capital, for example. These figures do not count in the score.
What the numbers say
Sci AS had an operating margin of 31.0% and an equity ratio of 63.2% in 2024, and ranks 950 of 9,534 in Teknisk tjenesteyting og forskning.
From 2023 to 2024: the operating margin rose from −49.7% to 31.0% and went from a loss to a profit before tax.
This text is generated automatically from the 2024 accounts.
Three simple methods
The methods give between 1 MNOK and 4 MNOK.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 14.9 | not meaningful |
| EV/EBIT | 14.3 | 1 MNOK |
| P/B | 2.3 | 4 MNOK |
| EV/EBIT: from enterprise value to equity | NOK |
|---|---|
| Enterprise value (EV) at the listed multiple | 1 MNOK |
| Enterprise value after the size adjustment | 0 MNOK |
| Less net debt (rough figure) | −1 MNOK |
| Equity value | 1 MNOK |
Net debt is a rough figure: long-term liabilities minus cash. The accounts do not split interest-bearing debt from other liabilities, and short-term borrowings are not included. The size adjustment applies to the enterprise value, not to the debt. Net debt is −167% of the enterprise value after the size adjustment, so the equity value from EV/EBIT is sensitive to errors in the debt figure.
The listed basis is the value at listed multiples. The estimate is lowered for size: a small-company premium of 4% on the cost of equity gives a value 38% lower. No separate marketability discount is applied, because the premium already allows for the company being small and unlisted.
The multiples are from the listed industry that matches the NACE code (71.1): Engineering/Construction.
Not financial advice. The value range is a rough model estimate from listed-company multiples, not a valuation, a price target or a price offer. The actual value may differ greatly. Read more
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
- watch
Receivables equal far more days of revenue than at comparable companies. Do customers pay late, or are these loans to companies in the same group?
Based on: Receivable days 186 days (median 47 days).
Indications based on the latest annual accounts from open data. Not investment or financial advice.
Financial costs were 16.4% 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
No anomalies found in the figures.
Scenario analysis: the sector's weakest year
We have no accounts for 2021, the sector's weakest year, for this company.
The sector's weakest year was 2021, with a median operating margin of −0.2%. Based on the 10 fiscal years we have. The analysis grows as more years are fetched or imported. Methodology
What the score is made of
| Profitability | 75 | weight 40% |
|---|---|---|
| Solidity | 67 | weight 20% |
| Liquidity | 71 | weight 5% |
| Growth | 91 | weight 25% |
| Consistency | 34 | weight 10% |
Three goals: profitability 40%, growth 25%, resilience 35%. Why these weights?
Durability: 49 (average over 2 years)
Index version 3. Data completeness 100%: the share of the weights that had data.
Questions and answers
How profitable is Sci AS?
The operating margin was 31.0% in 2024, against a median of 8.0% among companies in the Morning class Micro in the same sector. Return on assets was 30.0%.
How solid is Sci AS?
The equity ratio was 63.2% in 2024 (median 44.0%). Debt-to-equity was 0.58 (median 1.00).
What is the liquidity of Sci AS like?
The current ratio was 2.69 in 2024 (median 1.69).
How does Sci AS compare in Teknisk tjenesteyting og forskning?
Sci AS ranks 950 of 9,534 in Teknisk tjenesteyting og forskning for 2024. Among companies in the Morning class Micro it is number 747 of 7,108. Revenue changed by 74.8% from the year before.
From the Central Coordinating Register
- Org. no.
- 994171275
- Legal form
- AS
- Sector
- Teknisk tjenesteyting og forskning (71.129)
- Morning company class
- Micro
- Employees
- 0–4 (not registered)
- Founded
- 28 May 2009 17 years in operation
- Share capital
- 0.36 MNOK
- Business address
- Mellomila 34, 7018 TRONDHEIM
- Municipality
- Trondheim rank 3 of 11 in KOSTRA group 12
- 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 8 November 2026. Only names are shown.
Shareholders (2025)
- Number of shareholders
- 13
- Largest owner
- 36.9% · top three 72.3%
- Split
- companies 65% · private persons 35% · foreign 0%
- Owned from the same municipality
- 45%
- Owners over 60
- 32% of the shares held by persons (median age 54)
- Subsea Chokes International Holding AS · 36.9%
- Stifinneren AS · 16.7%
- Lokenmoen Invest AS · 8.0%
- Terje Søntvedt Prod Technology AS · 3.1%
- 9 private persons · 35.3%
The company is new in the shareholder register in 2025.
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.
Is this your company? Suggest changes or add information
Figures last fetched 10 November 2026.
Year by year · 2023–2025
| Key figure | 2023 | 2024 | 2025 | Trend |
|---|---|---|---|---|
| Index | 25 | 73 | 28 | |
| Rank | 7,493 | 950 | 8,580 | |
| Operating margin | −49.7% | 31.0% | −20.3% | |
| Return on assets | −41.7% | 30.0% | −27.1% | |
| Equity ratio | 59.5% | 63.2% | 72.9% | |
| Current ratio | 2.41 | 2.69 | 1.99 | |
| Revenue growth | – | 74.8% | −11.6% |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | 2.3 MNOK | 4.1 MNOK | 3.6 MNOK |
| Operating profit | −1.2 MNOK | 1.3 MNOK | −0.7 MNOK |
| Profit before tax | −1.2 MNOK | 1.0 MNOK | −0.7 MNOK |
| Tax expense | – | – | – |
| Net profit | −1.2 MNOK | 1.0 MNOK | −0.7 MNOK |
| Financial expenses | 0.0 MNOK | 0.3 MNOK | 0.0 MNOK |
| Total assets | 2.8 MNOK | 4.2 MNOK | 2.6 MNOK |
| Current assets | 2.7 MNOK | 4.1 MNOK | 1.2 MNOK |
| Equity | 1.6 MNOK | 2.6 MNOK | 1.9 MNOK |
| Retained earnings | −1.9 MNOK | −0.9 MNOK | −1.6 MNOK |
| Total liabilities | 1.1 MNOK | 1.5 MNOK | 0.7 MNOK |
| Current liabilities | 1.1 MNOK | 1.5 MNOK | 0.6 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 10 November 2026, accounts id 6187697.
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