ICELANDIC SALMON |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 129 NOK | +0.78% |
|
-2.27% | -11.03% |
| May. 14 | Transcript : Icelandic Salmon AS, Q1 2024 Earnings Call, May 14, 2024 | |
| Apr. 19 | Icelandic Salmon AS Reports Earnings Results for the Full Year Ended December 31, 2023 | CI |
Valuation
| Fiscal Period: December | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|
| Capitalization 1 | 3,592 | 4,582 | 4,644 | 4,489 | 3,994 | - | - |
| Enterprise Value (EV) 1 | 3,592 | 4,955 | 5,303 | 4,489 | 4,576 | 4,458 | 3,719 |
| P/E ratio | -163 x | 188 x | 11.3 x | 44.1 x | - | 10.2 x | 5.73 x |
| Yield | - | - | - | - | - | - | - |
| Capitalization / Revenue | - | 4.99 x | 2.51 x | 2.32 x | 2.9 x | 2.01 x | 1.62 x |
| EV / Revenue | - | 5.39 x | 2.87 x | 2.32 x | 3.33 x | 2.24 x | 1.51 x |
| EV / EBITDA | - | 38.1 x | 10.4 x | 13 x | 17.6 x | 6.33 x | 3.46 x |
| EV / FCF | - | -38.4 x | -90.2 x | - | 13.5 x | 127 x | 9.38 x |
| FCF Yield | - | -2.61% | -1.11% | - | 7.39% | 0.78% | 10.7% |
| Price to Book | - | 4.26 x | 2.74 x | - | 2.14 x | 1.77 x | 1.31 x |
| Nbr of stocks (in thousands) | 30,962 | 30,962 | 30,962 | 30,962 | 30,962 | - | - |
| Reference price 2 | 116.0 | 148.0 | 150.0 | 145.0 | 129.0 | 129.0 | 129.0 |
| Announcement Date | 4/23/21 | 2/17/22 | 4/28/23 | 4/19/24 | - | - | - |
1NOK in Million2NOK
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|
| Net sales 1 | - | 919 | 1,848 | 1,937 | 1,338 | 2,062 | 2,534 |
| EBITDA 1 | - | 130.1 | 511.3 | 345 | 345.4 | 746.7 | 1,121 |
| EBIT 1 | - | 74 | 423.9 | 238.3 | 300.7 | 606.2 | 957.7 |
| Operating Margin | - | 8.05% | 22.94% | 12.3% | 22.46% | 29.4% | 37.79% |
| Earnings before Tax (EBT) 1 | - | 25.58 | 490.3 | 119.8 | 243.1 | 513.2 | - |
| Net income 1 | -19.58 | 23.29 | 409.4 | 100.7 | 194.4 | 410.6 | 700.7 |
| Net margin | - | 2.53% | 22.16% | 5.2% | 14.53% | 19.91% | 27.65% |
| EPS 2 | -0.7121 | 0.7870 | 13.25 | 3.290 | 6.280 | 13.26 | - |
| Free Cash Flow 1 | - | -129.2 | -58.79 | - | 338 | 34.97 | 396.3 |
| FCF margin | - | -14.06% | -3.18% | - | 25.26% | 1.7% | 15.64% |
| FCF Conversion (EBITDA) | - | - | - | - | 97.87% | 4.68% | 35.35% |
| FCF Conversion (Net income) | - | - | - | - | 173.84% | 8.52% | 56.56% |
| Dividend per Share 2 | - | - | - | - | - | - | - |
| Announcement Date | 4/23/21 | 2/17/22 | 4/28/23 | 4/19/24 | - | - | - |
1NOK in Million2NOK
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2021 S1 | 2021 Q3 | 2021 Q4 | 2022 Q1 | 2022 Q2 | 2022 S1 | 2022 Q3 | 2022 Q4 | 2022 S2 | 2023 Q1 | 2023 Q2 | 2023 S1 | 2023 Q3 | 2023 Q4 | 2023 S2 | 2024 Q1 | 2024 Q2 | 2024 Q3 | 2024 Q4 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 364.6 | 267.4 | 357 | 348.1 | 338.2 | 696.9 | 350.8 | 606.3 | 1,003 | 794.4 | 31.01 | 824.8 | 500 | 602.6 | 1,096 | 319.9 | 301.4 | 392.6 | 398.3 |
| EBITDA 1 | - | 13.91 | 14.58 | 143.8 | 143.8 | 255.6 | - | - | 201.3 | - | - | 226.3 | - | - | - | 22.42 | 82.88 | 72.47 | 97.71 |
| EBIT 1 | - | 1.545 | 37 | - | 44.18 | - | 39.22 | 109.4 | 153.7 | 211.8 | -35.45 | 176.4 | 35.2 | 23.7 | 58.41 | -6.373 | 54.23 | 43.66 | 68.16 |
| Operating Margin | - | 0.58% | 10.36% | - | 13.06% | - | 11.18% | 18.05% | 15.33% | 26.66% | -114.33% | 21.38% | 7.04% | 3.93% | 5.33% | -1.99% | 17.99% | 11.12% | 17.11% |
| Earnings before Tax (EBT) 1 | - | - | - | 123.1 | 123.1 | 246.6 | - | - | 191.2 | - | - | 163.2 | - | - | -46.58 | -20.1 | 42.57 | 29.26 | 53.65 |
| Net income 1 | 23.83 | 0.2898 | - | 98.04 | 98.04 | 196.2 | - | - | 171.4 | - | - | 129.5 | - | - | -31.42 | -16.08 | 34.06 | 23.41 | 42.92 |
| Net margin | 6.54% | 0.11% | - | 28.16% | 28.99% | 28.16% | - | - | 17.1% | - | - | 15.7% | - | - | -2.87% | -5.03% | 11.3% | 5.96% | 10.78% |
| EPS 2 | - | - | - | 3.187 | 3.187 | 6.342 | - | - | 5.511 | - | - | 4.148 | - | - | -0.9401 | -0.5190 | 1.100 | 0.7560 | 1.386 |
| Dividend per Share 2 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Announcement Date | 9/3/21 | 8/25/22 | 2/17/22 | 8/25/22 | 8/25/22 | 8/25/22 | 11/10/22 | 4/28/23 | 4/28/23 | 5/10/23 | 8/24/23 | 8/24/23 | 11/9/23 | 4/19/24 | 4/19/24 | - | - | - | - |
1NOK in Million2NOK
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|
| Net Debt 1 | - | 373 | 659 | - | 582 | 464 | - |
| Net Cash position 1 | - | - | - | - | - | - | 275 |
| Leverage (Debt/EBITDA) | - | 2.864 x | 1.289 x | - | 2.241 x | 0.659 x | - |
| Free Cash Flow 1 | - | -129 | -58.8 | - | 338 | 35 | 396 |
| ROE (net income / shareholders' equity) | - | 2.06% | 27.5% | - | 4.55% | 20.2% | 25.8% |
| ROA (Net income/ Total Assets) | - | - | - | - | - | - | - |
| Assets | - | - | - | - | - | - | - |
| Book Value Per Share 2 | - | 34.70 | 54.80 | - | 60.40 | 72.90 | 98.70 |
| Cash Flow per Share | - | - | - | - | - | - | - |
| Capex 1 | - | 127 | 195 | - | 175 | 163 | 117 |
| Capex / Sales | - | 13.79% | 10.58% | - | 12.71% | 8.2% | 4.72% |
| Announcement Date | 4/23/21 | 2/17/22 | 4/28/23 | 4/19/24 | - | - | - |
1NOK in Million2NOK
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Year-on-year evolution of the Yield
Change in Enterprise Value/EBITDA
Trading Rating
Investor Rating
ESG Refinitiv
Sell
Buy
Mean consensus
BUY
Number of Analysts
2
Last Close Price
128
NOK
Average target price
162.5
NOK
Spread / Average Target
+26.95%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| -11.03% | 366M | |
| +14.10% | 3.37B | |
| 0.00% | 1.07B | |
| +8.05% | 774M | |
| -.--% | 490M | |
| +32.01% | 414M | |
| -15.13% | 412M | |
| -12.64% | 369M | |
| +13.52% | 346M | |
| +16.54% | 340M |
- Stock Market
- Equities
- ISLAX Stock
- Financials Icelandic Salmon
