ICELANDIC SALMON |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 133 NOK | -5.00% |
|
-4.32% | -8.28% |
| Apr. 19 | Icelandic Salmon AS Reports Earnings Results for the Full Year Ended December 31, 2023 | CI |
| Feb. 15 | Transcript : Icelandic Salmon AS, Q4 2023 Earnings Call, Feb 15, 2024 |
Valuation
| Fiscal Period: December | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|
| Capitalization 1 | 3,592 | 4,582 | 4,644 | 4,489 | 4,118 | - | - |
| Enterprise Value (EV) 1 | 3,592 | 4,955 | 5,303 | 4,489 | 4,551 | 4,365 | 4,118 |
| P/E ratio | -163 x | 188 x | 11.3 x | 44.1 x | 21.2 x | 8.97 x | 7.51 x |
| Yield | - | - | - | - | - | - | - |
| Capitalization / Revenue | - | 4.99 x | 2.51 x | 2.32 x | 3.26 x | 1.96 x | 1.7 x |
| EV / Revenue | - | 5.39 x | 2.87 x | 2.32 x | 3.6 x | 2.08 x | 1.7 x |
| EV / EBITDA | - | 38.1 x | 10.4 x | 13 x | 10.3 x | 5.49 x | 4.09 x |
| EV / FCF | - | -38.4 x | -90.2 x | - | 13.5 x | 125 x | 10.4 x |
| FCF Yield | - | -2.61% | -1.11% | - | 7.43% | 0.8% | 9.62% |
| Price to Book | - | 4.26 x | 2.74 x | - | 2.03 x | 1.67 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 | 133.0 | 133.0 | 133.0 |
| 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 | 1,263 | 2,102 | 2,422 |
| EBITDA 1 | - | 130.1 | 511.3 | 345 | 443.5 | 795.7 | 1,006 |
| EBIT 1 | - | 74 | 423.9 | 238.3 | 308.8 | 658.2 | 868.3 |
| Operating Margin | - | 8.05% | 22.94% | 12.3% | 24.46% | 31.31% | 35.85% |
| Earnings before Tax (EBT) 1 | - | 25.58 | 490.3 | 119.8 | 242.4 | 574 | 687.7 |
| Net income 1 | -19.58 | 23.29 | 409.4 | 100.7 | 193.9 | 459.2 | 547.8 |
| Net margin | - | 2.53% | 22.16% | 5.2% | 15.36% | 21.85% | 22.62% |
| EPS 2 | -0.7121 | 0.7870 | 13.25 | 3.290 | 6.264 | 14.83 | 17.72 |
| Free Cash Flow 1 | - | -129.2 | -58.79 | - | 338 | 34.97 | 396.3 |
| FCF margin | - | -14.06% | -3.18% | - | 26.77% | 1.66% | 16.36% |
| FCF Conversion (EBITDA) | - | - | - | - | 76.21% | 4.39% | 39.38% |
| FCF Conversion (Net income) | - | - | - | - | 174.31% | 7.61% | 72.34% |
| 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 S1 | 2024 S2 | 2025 S1 | 2025 S2 | 2026 S1 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 | 524.5 | 757.7 | 1,002 | 1,049 | 1,107 |
| EBITDA | - | 13.91 | 14.58 | 143.8 | 143.8 | 255.6 | - | - | 201.3 | - | - | 226.3 | - | - | - | 209.8 | 233.1 | 454.6 | 338 | 512.9 |
| 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 | 128.2 | 139.9 | 361.3 | 233.1 | 396.3 |
| 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% | 24.44% | 18.46% | 36.05% | 22.22% | 35.79% |
| Earnings before Tax (EBT) | - | - | - | 123.1 | 123.1 | 246.6 | - | - | 191.2 | - | - | 163.2 | - | - | -46.58 | 104.9 | 128.2 | 349.7 | 221.5 | 396.3 |
| Net income | 23.83 | 0.2898 | - | 98.04 | 98.04 | 196.2 | - | - | 171.4 | - | - | 129.5 | - | - | -31.42 | 81.59 | 104.9 | 279.7 | 186.5 | 314.7 |
| Net margin | 6.54% | 0.11% | - | 28.16% | 28.99% | 28.16% | - | - | 17.1% | - | - | 15.7% | - | - | -2.87% | 15.56% | 13.85% | 27.91% | 17.78% | 28.42% |
| EPS | - | - | - | 3.187 | 3.187 | 6.342 | - | - | 5.511 | - | - | 4.148 | - | - | -0.9401 | 2.564 | 3.264 | 8.975 | 5.828 | 10.14 |
| Dividend per Share | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| 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 Million
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|
| Net Debt 1 | - | 373 | 659 | - | 433 | 247 | - |
| Net Cash position 1 | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | - | 2.864 x | 1.289 x | - | 0.9753 x | 0.3103 x | - |
| Free Cash Flow 1 | - | -129 | -58.8 | - | 338 | 35 | 396 |
| ROE (net income / shareholders' equity) | - | 2.06% | 27.5% | - | 10.3% | 20.5% | 19.5% |
| ROA (Net income/ Total Assets) | - | - | - | - | 6.6% | 14.9% | 15.4% |
| Assets 1 | - | - | - | - | 2,938 | 3,082 | 3,557 |
| Book Value Per Share 2 | - | 34.70 | 54.80 | - | 65.40 | 79.50 | - |
| Cash Flow per Share | - | - | - | - | - | - | - |
| Capex 1 | - | 127 | 195 | - | 175 | 163 | 117 |
| Capex / Sales | - | 13.79% | 10.58% | - | 13.85% | 7.76% | 4.81% |
| 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
133
NOK
Average target price
172.5
NOK
Spread / Average Target
+29.70%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| -8.28% | 373M | |
| +24.44% | 3.55B | |
| 0.00% | 1.04B | |
| -.--% | 486M | |
| +31.42% | 412M | |
| -4.05% | 393M | |
| -18.49% | 391M | |
| +19.95% | 353M | |
| +22.31% | 353M | |
| +2.80% | 261M |
- Stock Market
- Equities
- ISLAX Stock
- Financials Icelandic Salmon
