Financials Íslandsbanki hf.

Equities

ISB

IS0000028538

Banks

Delayed Nasdaq Iceland Other stock markets 07:10:50 2024-05-13 am EDT			5-day change	1st Jan Change
101 ^ISK	0.00%		+1.00%	-9.01%

12:45pm	Íslandsbanki to Repurchase Notes due 2025	MT
May. 03	Transcript : Íslandsbanki hf., Q1 2024 Earnings Call, May 03, 2024

Valuation

Fiscal Period: December	2021	2022	2023	2024	2025	2026
Capitalization ¹	252,400	239,600	219,840	197,991	-	-
Enterprise Value (EV) ¹	252,400	239,600	219,840	197,991	197,991	197,991
P/E ratio	11.2 x	9.83 x	9.01 x	8.97 x	9.18 x	8.75 x
Yield	4.71%	-	5.54%	5.65%	6.16%	6.37%
Capitalization / Revenue	5.03 x	4.19 x	3.42 x	3.08 x	3.06 x	3.1 x
EV / Revenue	5.03 x	4.19 x	3.42 x	3.08 x	3.06 x	3.1 x
EV / EBITDA	-	-	-	-	-	-
EV / FCF	-	-	-	-	-	-
FCF Yield	-	-	-	-	-	-
Price to Book	1.24 x	1.09 x	0.98 x	0.87 x	0.82 x	0.78 x
Nbr of stocks (in thousands)	2,000,000	2,000,000	1,980,539	1,960,306	-	-
Reference price ²	126.2	119.8	111.0	101.0	101.0	101.0
Announcement Date	2/10/22	2/9/23	2/8/24	-	-	-

¹ISK in Million²ISK

Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	-	50,172	57,236	64,237	64,312	64,808	63,859
EBITDA	-	-	-	-	-	-	-
EBIT ¹	-	24,605	31,295	34,763	33,927	31,582	30,061
Operating Margin	-	49.04%	54.68%	54.12%	52.75%	48.73%	47.07%
Earnings before Tax (EBT) ¹	-	27,623	32,871	-	30,993	-	-
Net income ¹	7,061	23,725	24,535	24,585	22,525	23,080	20,235
Net margin	-	47.29%	42.87%	38.27%	35.02%	35.61%	31.69%
EPS ²	0.7100	11.26	12.19	12.32	11.26	11.00	11.54
Free Cash Flow	-	-	-	-	-	-	-
FCF margin	-	-	-	-	-	-	-
FCF Conversion (EBITDA)	-	-	-	-	-	-	-
FCF Conversion (Net income)	-	-	-	-	-	-	-
Dividend per Share ²	-	5.950	-	6.150	5.708	6.224	6.437
Announcement Date	2/10/21	2/10/22	2/9/23	2/8/24	-	-	-

¹ISK in Million²ISK

Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December	2022 Q1	2022 Q2	2022 Q3	2022 Q4	2023 Q1	2023 Q2	2023 Q3	2023 Q4	2024 Q2	2024 Q3	2024 Q4
Net sales	-	-	-	-	-	-	-	16,329	-	-	-
EBITDA	-	-	-	-	-	-	-	-	-	-	-
EBIT	6,180	-	-	-	-	-	-	-	-	-	-
Operating Margin	-	-	-	-	-	-	-	-	-	-	-
Earnings before Tax (EBT)	-	-	-	-	-	-	-	-	-	-	-
Net income	-	-	-	-	-	-	-	6,228	-	-	-
Net margin	-	-	-	-	-	-	-	38.14%	-	-	-
EPS ¹	-	2.930	3.680	2.910	3.110	3.080	3.010	3.130	2.616	3.008	2.916
Dividend per Share	-	-	-	-	-	-	-	-	-	-	-
Announcement Date	4/28/22	7/28/22	10/27/22	2/9/23	5/4/23	7/27/23	10/26/23	2/8/24	-	-	-

¹ISK

Estimates

Balance Sheet Analysis

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026
Net Debt	-	-	-	-	-	-	-
Net Cash position	-	-	-	-	-	-	-
Leverage (Debt/EBITDA)	-	-	-	-	-	-	-
Free Cash Flow	-	-	-	-	-	-	-
ROE (net income / shareholders' equity)	-	12.3%	11.8%	11.3%	10%	10%	9.06%
ROA (Net income/ Total Assets)	-	1.71%	1.7%	1.56%	1.37%	1.2%	1.11%
Assets ¹	-	1,386,503	1,443,235	1,574,468	1,645,325	1,921,714	1,819,671
Book Value Per Share ²	-	102.0	109.0	113.0	115.0	123.0	129.0
Cash Flow per Share	-	-	-	-	-	-	-
Capex	-	-	-	-	-	-	-
Capex / Sales	-	-	-	-	-	-	-
Announcement Date	2/10/21	2/10/22	2/9/23	2/8/24	-	-	-

¹ISK in Million²ISK

Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Ratings for Íslandsbanki hf.

Trading Rating

Investor Rating

ESG Refinitiv

B-

More Ratings

Analysts' Consensus

Sell

Buy

Mean consensus

OUTPERFORM

Number of Analysts

Last Close Price

101 ISK

Average target price

118.5 ISK

Spread / Average Target

+17.33%

Consensus

EPS Revisions

Estimates Revisions

Quarterly earnings - Rate of surprise

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