Cash flow Andfjord Salmon

Equities

ANDF

NO0010829765

Fishing & Farming

Market Closed - Oslo Bors Other stock markets 10:45:00 2024-09-13 am EDT			5-day change	1st Jan Change
31.70 ^NOK	+3.26%		+3.59%	+9.69%

Sep. 04	Andfjord Salmon Group AS Reports Earnings Results for the Half Year Ended June 30, 2024	CI
Sep. 04	Transcript : Andfjord Salmon Group AS, Q2 2024 Earnings Call, Sep 04, 2024

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Published financial data: ANDFJORD SALMON

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2019	2020	2021	2022	2023
Revenues	-	-	-	-	37.28M
Total Revenues	-	-	-	-	37.28M
Cost of Goods Sold, Total	-	-	-	-205K	37.51M
Gross Profit	-	-	-	205K	-232K
Selling General & Admin Expenses, Total	3.98M	10.34M	16.58M	24M	25.87M
Depreciation & Amortization - (IS)	305K	371K	1.23M	13.6M	24.9M
Other Operating Expenses	4.03M	8.9M	16.65M	18.71M	28.63M
Other Operating Expenses, Total	8.32M	19.62M	34.46M	56.32M	79.4M
Operating Income	-8.32M	-19.62M	-34.46M	-56.11M	-79.63M
Interest Expense, Total	-13.78K	-410K	-1.36M	-1.5M	-1.68M
Interest And Investment Income	-	-	-	1.79M	12.14M
Net Interest Expenses	-13.78K	-410K	-1.36M	288K	10.45M
Currency Exchange Gains (Loss)	-	-	-	-34K	-16K
Other Non Operating Income (Expenses)	1.93M	838K	283K	-820K	-590K
EBT, Excl. Unusual Items	-6.39M	-19.19M	-35.54M	-56.68M	-69.79M
EBT, Incl. Unusual Items	-6.39M	-19.19M	-35.54M	-56.68M	-69.79M
Earnings From Continuing Operations	-6.39M	-19.19M	-35.54M	-56.68M	-69.79M
Net Income to Company	-6.39M	-19.19M	-35.54M	-56.68M	-69.79M
Net Income - (IS)	-6.39M	-19.19M	-35.54M	-56.68M	-69.79M
Net Income to Common Incl Extra Items	-6.39M	-19.19M	-35.54M	-56.68M	-69.79M
Net Income to Common Excl. Extra Items	-6.39M	-19.19M	-35.54M	-56.68M	-69.79M
Per Share Items
Net EPS - Basic	-0.21	-0.54	-0.99	-1.48	-1.43
Basic EPS - Continuing Operations	-0.21	-0.54	-0.99	-1.48	-1.43
Basic Weighted Average Shares Outstanding	29.87M	35.79M	35.93M	38.29M	48.66M
Net EPS - Diluted	-0.21	-0.54	-0.99	-1.48	-1.43
Diluted EPS - Continuing Operations	-0.21	-0.54	-0.99	-1.48	-1.43
Diluted Weighted Average Shares Outstanding	29.87M	35.79M	35.93M	38.29M	48.66M
Normalized Basic EPS	-0.13	-0.34	-0.62	-0.93	-0.9
Normalized Diluted EPS	-0.13	-0.34	-0.62	-0.93	-0.9
Supplemental Items
EBITDA	-8.01M	-19.25M	-33.23M	-45.52M	-60.14M
EBITA	-8.32M	-19.62M	-34.43M	-55.8M	-78.47M
EBIT	-8.32M	-19.62M	-34.46M	-56.11M	-79.63M
EBITDAR	-	-	-	-44.74M	-59.48M
Total Revenues (As Reported)	1.65M	181K	-	113K	37.28M
Normalized Net Income	-4M	-11.99M	-22.21M	-35.42M	-43.62M
Interest Capitalized	-	-	-	3.49M	4.83M
Interest on Long-Term Debt	-	-	-	700K	658K
Supplemental Operating Expense Items
Net Rental Expense, Total	-	-	-	789K	662K
Imputed Operating Lease Interest Expense	-	-	-	262K	310K
Imputed Operating Lease Depreciation	-	-	-	527K	352K
Maintenance & Repair Expenses, Total	-	-	-	2.08M	2.42M
Stock-Based Comp., SG&A Exp. (Total)	-	-	-	2.69M	4.59M
Total Stock-Based Compensation	-	-	-	2.69M	4.59M

Fiscal Period: December	2019	2020	2021	2022	2023
Assets
Cash And Equivalents	93.78M	149M	14.92M	82.91M	250M
Total Cash And Short Term Investments	93.78M	149M	14.92M	82.91M	250M
Other Receivables	2.51M	17.61M	33.67M	5.84M	50.57M
Total Receivables	2.51M	17.61M	33.67M	5.84M	50.57M
Inventory	-	-	-	15.45M	1.7M
Prepaid Expenses	-	-	-	1.85M	1.79M
Other Current Assets, Total	-1	-	-	113K	-
Total Current Assets	96.29M	166M	48.59M	106M	304M
Gross Property Plant And Equipment	-	225M	431M	533M	924M
Accumulated Depreciation	-	-696K	-1.89M	-12.06M	-30.23M
Net Property Plant And Equipment	54.86M	224M	429M	521M	894M
Other Intangibles, Total	-	-	994K	8.56M	14.39M
Deferred Charges Long-Term	529K	1.22M	1.67M	-	-
Other Long-Term Assets, Total	1	159K	124K	89K	113K
Total Assets	152M	392M	480M	636M	1.21B
Liabilities
Accounts Payable, Total	4.15M	29.79M	49.69M	10.36M	131M
Current Portion of Long-Term Debt	-	-	-	56.17M	7.67M
Current Portion of Leases	-	-	-	4.68M	4.51M
Current Income Taxes Payable	252K	723K	1.25M	-	-
Other Current Liabilities	473K	2.95M	7.49M	8.14M	6.57M
Total Current Liabilities	4.87M	33.46M	58.43M	79.36M	150M
Long-Term Debt	-	-	39.48M	67.38M	59.96M
Long-Term Leases	-	-	-	13.3M	9.34M
Other Non Current Liabilities	-	4.08M	59.19M	-	-
Total Liabilities	4.87M	37.54M	157M	160M	219M
Common Stock, Total	29.87M	35.79M	35.93M	41.04M	57.01M
Additional Paid In Capital	117M	318M	288M	557M	1.12B
Retained Earnings	-	-	-180K	-125M	-195M
Treasury Stock	-	-	-5K	-	-
Comprehensive Income and Other	-	-	-	2.69M	7.28M
Total Common Equity	147M	354M	323M	476M	994M
Total Equity	147M	354M	323M	476M	994M
Total Liabilities And Equity	152M	392M	480M	636M	1.21B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	29.87M	35.79M	35.93M	41.03M	57.01M
ECS Total Common Shares Outstanding	-	35.79M	35.93M	41.03M	57.01M
Book Value / Share	4.91	9.89	9	11.59	17.43
Tangible Book Value	147M	354M	322M	467M	979M
Tangible Book Value Per Share	4.91	9.89	8.97	11.38	17.18
Total Debt	0	0	39.48M	142M	81.48M
Net Debt	-93.78M	-149M	24.56M	58.61M	-169M
Debt Equivalent Oper. Leases	-	-	-	6.31M	5.3M
Account Code - Inventory Valuation	-	3	3	5	5
Inventories - Others	-	-	-	15.45M	1.7M
Land - (BS)	-	223M	413M	98.97M	105M
Machinery, Total	-	670K	-	38.77M	38.45M
Full Time Employees	-	10	16	20	23
Part Time Employees	-	-	2	1	-
Assets under Capital Lease - Gross	-	-	16.24M	-	-

Fiscal Period: December	2019	2020	2021	2022	2023
Net Income	-6.39M	-19.19M	-35.54M	-56.68M	-69.79M
Depreciation & Amortization - CF	305K	371K	1.19M	13.29M	23.74M
Amortization of Goodwill and Intangible Assets - (CF)	-	-	34.26K	313K	1.16M
Depreciation & Amortization, Total	305K	371K	1.23M	13.6M	24.9M
Stock-Based Compensation (CF)	-	-	-	2.69M	4.59M
Other Operating Activities, Total	-1	-1	-	-17.46M	-31.2M
Change In Accounts Receivable	167K	-226K	226K	-	-
Change In Inventories	-	-	-	-1.16M	39.46M
Change In Accounts Payable	3.78M	25.64M	19.9M	-39.33M	4.56M
Change in Other Net Operating Assets	87.74K	-12.77M	-6.44M	9.89M	-1.67M
Cash from Operations	-2.05M	-6.17M	-20.62M	-88.44M	-29.15M
Capital Expenditure	-51.36M	-165M	-208M	-89.5M	-321M
Sale of Property, Plant, and Equipment	-	-	670K	-	-
Sale (Purchase) of Intangible assets	-	-	-	-6.2M	-6.31M
Other Investing Activities, Total	-	-	-1	5M	-
Cash from Investing	-51.36M	-165M	-208M	-90.7M	-327M
Long-Term Debt Issued, Total	-	-	89.84M	45M	-
Total Debt Issued	-	-	89.84M	45M	-
Long-Term Debt Repaid, Total	-	-	-	-3.15M	-60.05M
Total Debt Repaid	-	-	-	-3.15M	-60.05M
Issuance of Common Stock	144M	227M	4.67M	205M	583M
Cash from Financing	144M	227M	94.51M	247M	523M
Miscellaneous Cash Flow Adjustments	-	-	1	-1K	-1K
Net Change in Cash	90.68M	55.07M	-134M	67.99M	167M
Supplemental Items
Cash Interest Paid	-	-	-	5.58M	7.83M
Levered Free Cash Flow	-52.23M	-164M	-221M	-160M	-260M
Unlevered Free Cash Flow	-52.22M	-164M	-220M	-159M	-259M
Change In Net Working Capital	-4.04M	-13.49M	-8.9M	44.64M	-88.39M
Net Debt Issued / Repaid	-	-	89.84M	41.85M	-60.05M

Fiscal Period: December	2019	2020	2021	2022	2023
Profitability
Return on Assets	-6.44	-4.51	-4.94	-6.28	-5.38
Return on Total Capital	-6.67	-4.9	-6.01	-6.74	-5.88
Return On Equity %	-8.2	-7.66	-10.49	-14.17	-9.5
Return on Common Equity	-8.2	-7.66	-10.49	-14.17	-9.5
Margin Analysis
Gross Profit Margin %	-	-	-	-	-0.62
SG&A Margin	-	-	-	-	69.4
EBITDA Margin %	-	-	-	-	-161.33
EBITA Margin %	-	-	-	-	-210.49
EBIT Margin %	-	-	-	-	-213.61
Income From Continuing Operations Margin %	-	-	-	-	-187.2
Net Income Margin %	-	-	-	-	-187.2
Net Avail. For Common Margin %	-	-	-	-	-187.2
Normalized Net Income Margin	-	-	-	-	-117
Levered Free Cash Flow Margin	-	-	-	-	-696.93
Unlevered Free Cash Flow Margin	-	-	-	-	-694.11
Asset Turnover
Asset Turnover	-	-	-	-	0.04
Fixed Assets Turnover	-	-	-	-	0.05
Inventory Turnover (Average Inventory)	-	-	-	-	4.38
Short Term Liquidity
Current Ratio	19.78	4.97	0.83	1.34	2.03
Quick Ratio	19.78	4.97	0.83	1.12	2.01
Operating Cash Flow to Current Liabilities	-0.42	-0.18	-0.35	-1.11	-0.19
Days Outstanding Inventory (Average Inventory)	-	-	-	-	83.41
Average Days Payable Outstanding	-	-	-	-	1.09K
Long Term Solvency
Total Debt/Equity	-	-	12.21	29.75	8.2
Total Debt / Total Capital	-	-	10.88	22.93	7.58
LT Debt/Equity	-	-	12.21	16.96	6.97
Long-Term Debt / Total Capital	-	-	10.88	13.07	6.45
Total Liabilities / Total Assets	3.21	9.58	32.7	25.17	18.07
EBIT / Interest Expense	-603.55	-47.88	-25.36	-37.36	-47.29
EBITDA / Interest Expense	-581.4	-46.98	-24.45	-28.3	-32.5
(EBITDA - Capex) / Interest Expense	-4.31K	-450.38	-177.88	-87.89	-222.86
Total Debt / EBITDA	-	-	-1.19	-3.33	-1.49
Net Debt / EBITDA	11.71	7.73	-0.74	-1.38	3.08
Total Debt / (EBITDA - Capex)	-	-	-0.16	-1.07	-0.22
Net Debt / (EBITDA - Capex)	1.58	0.81	-0.1	-0.44	0.45
Growth Over Prior Year
Gross Profit, 1 Yr. Growth %	-	-	-	-128.31	-213.17
EBITDA, 1 Yr. Growth %	29.33	140.28	72.65	37.22	32.11
EBITA, 1 Yr. Growth %	34.15	135.92	75.48	62.34	40.63
EBIT, 1 Yr. Growth %	34.15	135.92	75.66	63.09	41.92
Earnings From Cont. Operations, 1 Yr. Growth %	3.18	200.09	85.19	64.71	23.13
Net Income, 1 Yr. Growth %	3.18	200.09	85.19	64.71	23.13
Normalized Net Income, 1 Yr. Growth %	3.18	200.09	85.19	64.71	23.13
Diluted EPS Before Extra, 1 Yr. Growth %	-	150.48	84.45	54.18	-3.1
Inventory, 1 Yr. Growth %	-	-	-	-	-89.01
Net Property, Plant and Equip., 1 Yr. Growth %	1.17K	308.04	91.65	17.06	71.67
Total Assets, 1 Yr. Growth %	1.46K	158.23	22.64	32.1	90.78
Tangible Book Value, 1 Yr. Growth %	1.51K	141.22	-9	45.2	109.63
Common Equity, 1 Yr. Growth %	1.51K	141.22	-8.72	46.64	108.89
Cash From Operations, 1 Yr. Growth %	-	200.69	233.96	753.28	-67.04
Capital Expenditures, 1 Yr. Growth %	-	221.79	26.15	-58.13	258.17
Levered Free Cash Flow, 1 Yr. Growth %	-	213.88	34.66	-24.05	62.32
Unlevered Free Cash Flow, 1 Yr. Growth %	-	213.44	34.35	-24.46	62.62
Compound Annual Growth Rate Over Two Years
Gross Profit, 2 Yr. CAGR %	-	-	-	-	-43.39
EBITDA, 2 Yr. CAGR %	-	76.28	103.68	53.79	34.64
EBITA, 2 Yr. CAGR %	-	77.9	103.47	68.65	51.1
EBIT, 2 Yr. CAGR %	-	77.9	103.57	69.12	52.14
Earnings From Cont. Operations, 2 Yr. CAGR %	-	75.97	135.74	71.86	42.41
Net Income, 2 Yr. CAGR %	-	75.97	135.74	71.86	42.41
Normalized Net Income, 2 Yr. CAGR %	-	75.97	135.74	71.86	42.41
Diluted EPS Before Extra, 2 Yr. CAGR %	-	-	114.94	66.16	22.23
Net Property, Plant and Equip., 2 Yr. CAGR %	-	619	179.64	52.55	41.76
Total Assets, 2 Yr. CAGR %	-	535.54	77.96	27.4	58.75
Tangible Book Value, 2 Yr. CAGR %	-	523.52	48.16	14.85	74.47
Common Equity, 2 Yr. CAGR %	-	523.52	48.39	15.9	75.02
Cash From Operations, 2 Yr. CAGR %	-	-	216.89	278.46	67.69
Capital Expenditures, 2 Yr. CAGR %	-	-	101.48	-26.41	22.47
Levered Free Cash Flow, 2 Yr. CAGR %	-	-	105.59	-1.19	11.03
Unlevered Free Cash Flow, 2 Yr. CAGR %	-	-	105.21	-1.4	10.83
Compound Annual Growth Rate Over Three Years
EBITDA, 3 Yr. CAGR %	-	-	75.06	78.45	46.2
EBITA, 3 Yr. CAGR %	-	-	77.09	88.61	58.74
EBIT, 3 Yr. CAGR %	-	-	77.15	88.97	59.52
Earnings From Cont. Operations, 3 Yr. CAGR %	-	-	78.99	106.95	53.78
Net Income, 3 Yr. CAGR %	-	-	78.99	106.95	53.78
Normalized Net Income, 3 Yr. CAGR %	-	-	78.99	106.95	53.78
Diluted EPS Before Extra, 3 Yr. CAGR %	-	-	-	90.52	38.82
Net Property, Plant and Equip., 3 Yr. CAGR %	-	-	362.72	111.76	58.68
Total Assets, 3 Yr. CAGR %	-	-	267.26	61.23	45.76
Tangible Book Value, 3 Yr. CAGR %	-	-	228.29	47.08	40.36
Common Equity, 3 Yr. CAGR %	-	-	228.62	47.98	41.05
Cash From Operations, 3 Yr. CAGR %	-	-	-	250.53	67.75
Capital Expenditures, 3 Yr. CAGR %	-	-	-	20.33	24.71
Levered Free Cash Flow, 3 Yr. CAGR %	-	-	-	45.25	16.59
Unlevered Free Cash Flow, 3 Yr. CAGR %	-	-	-	44.98	16.49
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	-	-	-	-	291.2
Gross Profit, 5 Yr. CAGR %	-	-	-	-	41.65
EBITDA, 5 Yr. CAGR %	-	-	-	-	57.56
EBITA, 5 Yr. CAGR %	-	-	-	-	66.14
EBIT, 5 Yr. CAGR %	-	-	-	-	66.63
Earnings From Cont. Operations, 5 Yr. CAGR %	-	-	-	-	62.3
Net Income, 5 Yr. CAGR %	-	-	-	-	62.3
Normalized Net Income, 5 Yr. CAGR %	-	-	-	-	62.3
Net Property, Plant and Equip., 5 Yr. CAGR %	-	-	-	-	190.4
Total Assets, 5 Yr. CAGR %	-	-	-	-	162.68
Tangible Book Value, 5 Yr. CAGR %	-	-	-	-	154.85
Common Equity, 5 Yr. CAGR %	-	-	-	-	155.6