View ValuationThis company listing is no longer activeThis company may still be operating, however this listing is no longer active. Find out why through their latest events.See Latest EventsAMSC 将来の成長Future 基準チェック /06現在、 AMSCの成長と収益を予測するのに十分なアナリストの調査がありません。主要情報n/a収益成長率n/aEPS成長率Shipping 収益成長-18.3%収益成長率n/a将来の株主資本利益率n/aアナリストカバレッジNone最終更新日n/a今後の成長に関する最新情報Major Estimate Revision • Oct 26Consensus EPS estimates increase by 344%, revenue downgradedThe consensus outlook for fiscal year 2023 has been updated. 2023 revenue forecast fell from US$115.9m to US$105.1m. EPS estimate rose from US$0.213 to US$0.945. Net income forecast to grow 176% next year vs 4.9% growth forecast for Shipping industry in Norway. Consensus price target down from kr51.54 to kr38.29. Share price fell 52% to kr21.75 over the past week.Major Estimate Revision • Oct 06Consensus EPS estimates fall by 17%The consensus outlook for earnings per share (EPS) in fiscal year 2023 has deteriorated. 2023 revenue forecast decreased from US$124.3m to US$115.7m. EPS estimate also fell from US$0.254 per share to US$0.212 per share. Net income forecast to grow 17% next year vs 3.0% growth forecast for Shipping industry in Norway. Consensus price target down from kr52.01 to kr50.28. Share price rose 3.6% to kr42.70 over the past week.Major Estimate Revision • Aug 29Consensus EPS estimates fall by 24%The consensus outlook for fiscal year 2023 has been updated. 2023 EPS estimate fell from US$0.334 to US$0.254 per share. Revenue forecast steady at US$124.3m. Net income forecast to grow 57% next year vs 2.6% growth forecast for Shipping industry in Norway. Consensus price target down from kr53.88 to kr51.13. Share price fell 8.9% to kr41.05 over the past week.Major Estimate Revision • May 31Consensus EPS estimates fall by 22%The consensus outlook for fiscal year 2023 has been updated. 2023 EPS estimate fell from US$0.426 to US$0.334 per share. Revenue forecast steady at US$123.3m. Net income forecast to grow 90% next year vs 29% growth forecast for Shipping industry in Norway. Consensus price target down from kr54.83 to kr52.56. Share price fell 5.1% to kr39.10 over the past week.Major Estimate Revision • Nov 05Consensus EPS estimates increase by 14%The consensus outlook for earnings per share (EPS) in 2022 has improved. 2022 revenue forecast increased from US$88.2m to US$91.8m. EPS estimate increased from US$0.30 to US$0.34 per share. Net income forecast to grow 69% next year vs 15% growth forecast for Shipping industry in Norway. Consensus price target up from kr45.58 to kr52.72. Share price rose 17% to kr44.30 over the past week.Major Estimate Revision • Sep 29Consensus forecasts updatedThe consensus outlook for 2022 has been updated. 2022 EPS estimate fell from US$0.41 to US$0.30 per share. Revenue forecast steady at US$88.0m. Net income forecast to grow 44% next year vs 57% growth forecast for Shipping industry in Norway. Consensus price target broadly unchanged at kr47.82. Share price fell 4.0% to kr34.85 over the past week.すべての更新を表示Recent updatesUpcoming Dividend • Oct 14Upcoming dividend of kr1.48 per shareEligible shareholders must have bought the stock before 21 October 2025. Payment date: 29 October 2025. Payout ratio is on the higher end at 100% but the company is not cash flow positive. Trailing yield: 163%. Within top quartile of Norwegian dividend payers (9.4%). Higher than average of industry peers (16%).お知らせ • Oct 09AMSC ASA Proposes Distribution of the Liquidation Dividend, Payable on or about 29 October 2025AMSC ASA proposed the distribution of the liquidation dividend and subject To Approve the liquidation settlement by the Company's extraordinary general meeting to be held on 30 October 2025, the Company will have no remaining assets and will be finally liquidated. Dividend amount: NOK 1.481 per share. Ex-date: 21 October 2025. Record date: 22 October 2025. Payment date: on or about 29 October 2025. Date of approval: 8 October 2025.New Risk • May 07New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Norwegian stocks, typically moving 28% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (28% average weekly change). Dividend is not well covered by earnings and cash flows. Payout ratio: 100% Paying a dividend despite having no free cash flows. High level of non-cash earnings (38% accrual ratio). Revenue is less than US$1m. Minor Risk Market cap is less than US$100m (kr110.5m market cap, or US$10.7m).Buy Or Sell Opportunity • May 07Now 96% undervalued after recent price dropOver the last 90 days, the stock has fallen 95% to kr1.54. The fair value is estimated to be kr36.23, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 106% over the last 3 years. Meanwhile, the company has become profitable.お知らせ • May 02AMSC ASA Announces Stepping Down of Morten Bakke as Chief Financial OfficerAMSC ASA announced on 24 April 2025, the annual general meeting of the company resolved that AMSC shall be liquidated. In connection with the ongoing liquidation process, the Chief Financial Officer (CFO) of AMSC, Morten Bakke, will be stepping down from the role as CFO as of 30 April 2025. Bakke will, however, remain available to support AMSC until the liquidation process is completed, which is expected during third quarter 2025.Board Change • May 02Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 2 highly experienced directors. Independent Director Frank Reite was the last director to join the board, commencing their role in 2022. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.お知らせ • Apr 29AMSC ASA to Report Q2, 2025 Results on Aug 27, 2025AMSC ASA announced that they will report Q2, 2025 results on Aug 27, 2025Valuation Update With 7 Day Price Move • Apr 09Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to kr23.50, the stock trades at a trailing P/E ratio of 3.8x. Average forward P/E is 3x in the Shipping industry in Norway. Total returns to shareholders of 138% over the past three years.Valuation Update With 7 Day Price Move • Feb 19Investor sentiment deteriorates as stock falls 17%After last week's 17% share price decline to kr26.50, the stock trades at a trailing P/E ratio of 2.5x. Average forward P/E is 4x in the Shipping industry in Norway. Total returns to shareholders of 185% over the past three years.お知らせ • Feb 14AMSC ASA Announces Special DividendAMSC ASA announced a special dividend of NOK 3.9255 per share to be classified as return of paid in capital.お知らせ • Feb 12AMSC ASA Announces Dividend, Payable on or About February 25, 2025AMSC ASA announced that the dividend of NOK 3.9255 per share. Ex-date: 17 February 2025. Record date: 18 February 2025. Payment date: on or about 25 February 2025. Date of approval: 11 February 2025.お知らせ • Dec 13AMSC ASA, Annual General Meeting, Apr 24, 2025AMSC ASA, Annual General Meeting, Apr 24, 2025.お知らせ • Dec 12+ 4 more updatesAMSC ASA to Report First Half, 2025 Results on Jul 14, 2025AMSC ASA announced that they will report first half, 2025 results on Jul 14, 2025New Risk • Nov 07New major risk - Earnings qualityThe company has a high level of non-cash earnings. Accrual ratio: 48% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risks Dividend is not well covered by earnings and cash flows. Payout ratio: 100% Paying a dividend despite having no free cash flows. Earnings are forecast to decline by an average of 145% per year for the foreseeable future. High level of non-cash earnings (48% accrual ratio). Revenue is less than US$1m.Declared Dividend • Nov 01Dividend of kr0.60 announcedShareholders will receive a dividend of kr0.60. Ex-date: 5th November 2024 Payment date: 12th November 2024 Dividend yield will be 9.7%, which is lower than the industry average of 14%. Sustainability & Growth Dividend is not covered by earnings (167% earnings payout ratio) and the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. The company's earnings per share (EPS) would need to grow by 86% to bring the payout ratio under control. However, EPS is expected to decline by 133% over the next year, which means the dividend may need to be reduced to reach a sustainable payout ratio.お知らせ • Oct 29AMSC ASA Approves Cash Dividend, Payable on or about 12 November 2024AMSC ASA approved payment of cash dividend of NOK 0.60 per share. Last day including right: 4 November 2024. Ex-date: 5 November 2024. Record date: 6 November 2024. Payment date: on or about 12 November 2024. Date of approval: 28 October 2024.お知らせ • Jul 16AMSC ASA Approves Cash Dividend, Payable on or About 30 July 2024AMSC ASA approved payment of cash dividend of NOK 0.55 per share. Last day including right: 19 July 2024. Ex-date: 22 July 2024. Record date: 23 July 2024. Payment date: on or about 30 July 2024. Date of approval: 15 July 2024.Declared Dividend • May 18Dividend of kr0.55 announcedShareholders will receive a dividend of kr0.55. Ex-date: 22nd May 2024 Payment date: 30th May 2024 Dividend yield will be 92%, which is higher than the industry average of 14%. Sustainability & Growth Dividend is being paid despite the company being loss-making over the last 12 months. The dividend is also not adequately covered by cash flows (93% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments.お知らせ • May 16AMSC ASA Approves Cash Dividend, Payable on or About 30 May 2024AMSC ASA approved the cash dividend of NOK 0.55 per share. Ex-date is on 22 May 2024 with Record date on 23 May 2024. Payment date is on or about 30 May 2024. Date of approval is on 15 May 2024.Buy Or Sell Opportunity • Apr 22Now 21% undervaluedOver the last 90 days, the stock has risen 1.6% to kr28.30. The fair value is estimated to be kr35.85, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 21% over the last 3 years. Meanwhile, the company became loss making.分析記事 • Apr 04A Look At The Fair Value Of AMSC ASA (OB:AMSC)Key Insights Using the 2 Stage Free Cash Flow to Equity, AMSC fair value estimate is kr34.78 With kr29.95 share price...お知らせ • Feb 29AMSC ASA Approves Dividend for the Fourth Quarter of 2023, Payable on or About March 15, 2024On 20th November, an Extraordinary General Meeting in AMSC ASA approved third quarter and fourth quarter 2023 dividends of USD 0.05 per share for each quarter. Fourth quarter dividend is expected to be paid on or about March 15, 2024. Dividends will be classified as return of paid in capital. The shareholders on record as of 7 March 2024. The shares in AMSC will be traded ex-dividend from and including 6 March 2024.Upcoming Dividend • Feb 28Upcoming dividend of US$0.05 per shareEligible shareholders must have bought the stock before 06 March 2024. Payment date: 15 March 2024. The company is paying out more than 100% of its profits and is cash flow negative. Trailing yield: 7.9%. Within top quartile of Norwegian dividend payers (7.9%). Lower than average of industry peers (14%).お知らせ • Dec 21+ 5 more updatesAMSC ASA to Report Q3, 2024 Results on Nov 19, 2024AMSC ASA announced that they will report Q3, 2024 results on Nov 19, 2024分析記事 • Dec 16Estimating The Intrinsic Value Of AMSC ASA (OB:AMSC)Key Insights AMSC's estimated fair value is kr25.14 based on 2 Stage Free Cash Flow to Equity With kr27.90 share price...お知らせ • Nov 29AMSC ASA Approves Dividend Payment, Payable on or About 7 December 2023AMSC ASA's EGM approval on 20 November, regarding the payment of a quarterly dividend of USD 0.05 per share to the shareholders of AMSC on record as of 29 November 2023. The shares in AMSC ASA will be traded ex dividend USD 0.05 as from 28 November 2023. The NOK amount per share will be 0.5362 and will be paid on or about 7 December 2023. The dividend is classified as a return of paid in capital.New Risk • Nov 22New major risk - Earnings qualityThe company has a high level of non-cash earnings. Accrual ratio: 29% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (2.1x net interest cover). Share price has been highly volatile over the past 3 months (16% average weekly change). Dividend is not well covered by earnings and cash flows. Payout ratio: 131% Paying a dividend despite having no free cash flows. Earnings are forecast to decline by an average of 65% per year for the foreseeable future. High level of non-cash earnings (29% accrual ratio).Upcoming Dividend • Nov 21Upcoming dividend of US$0.05 per share at 19% yieldEligible shareholders must have bought the stock before 28 November 2023. Payment date: 07 December 2023. The company is paying out more than 100% of its profits and is cash flow negative. Trailing yield: 19%. Within top quartile of Norwegian dividend payers (8.7%). Higher than average of industry peers (17%).お知らせ • Nov 01+ 1 more updateAMSC ASA Proposes Cash Dividend, Payable on or About 15 March 2024AMSC ASA announced that at the EGM to be held on 20 November 2023, the company proposed to the EGM a dividend to AMSC's shareholders of USD 0.10 per share of which USD 0.05 per share will be paid in December 2023 and USD 0.05 per share will be paid March 2024. Please see separate key information notice regarding the dividend payment in December 2023. Ex-date is 6 March 2024. Record date is 7 March 2024. Payment date is on or about 15 March 2024. Date of approval: The proposed distribution of the cash dividend is subject to approval by the EGM of AMSC ASA to be held on 20 November 2023.Major Estimate Revision • Oct 26Consensus EPS estimates increase by 344%, revenue downgradedThe consensus outlook for fiscal year 2023 has been updated. 2023 revenue forecast fell from US$115.9m to US$105.1m. EPS estimate rose from US$0.213 to US$0.945. Net income forecast to grow 176% next year vs 4.9% growth forecast for Shipping industry in Norway. Consensus price target down from kr51.54 to kr38.29. Share price fell 52% to kr21.75 over the past week.New Risk • Oct 25New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Norwegian stocks, typically moving 15% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (1.5x net interest cover). Share price has been highly volatile over the past 3 months (15% average weekly change). Dividend is not well covered by earnings and cash flows. Payout ratio: 241% Paying a dividend despite having no free cash flows. Minor Risk Profit margins are more than 30% lower than last year (12% net profit margin).Valuation Update With 7 Day Price Move • Oct 24Investor sentiment deteriorates as stock falls 49%After last week's 49% share price decline to kr23.00, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 5x in the Shipping industry in Norway. Total returns to shareholders of 168% over the past three years.お知らせ • Oct 20AMSC ASA Approves Additional Dividend Following Completion of the Sale of the Jones Act Business, Payable on or about 1 November 2023AMSC ASA announced the reference to the announcements made earlier on October 19, 2023 regarding the completion of the sale of the Jones Act business. The board of directors of the company has on October 19, 2023 resolved, in accordance with the authorization from the AGM on 25 April 2023, to distribute a USD 170 million additional dividend as further described below. Dividend amount: USD 2.366 per share; Declared currency: USD; Dividends to be paid: NOK 26.19 per share; Last day including right: 23 October 2023; Ex-date: 24 October 2023; Record date: 25 October 2023; and Payment date: On or about 1 November 2023. The additional dividend will be classified as a regular dividend.Major Estimate Revision • Oct 06Consensus EPS estimates fall by 17%The consensus outlook for earnings per share (EPS) in fiscal year 2023 has deteriorated. 2023 revenue forecast decreased from US$124.3m to US$115.7m. EPS estimate also fell from US$0.254 per share to US$0.212 per share. Net income forecast to grow 17% next year vs 3.0% growth forecast for Shipping industry in Norway. Consensus price target down from kr52.01 to kr50.28. Share price rose 3.6% to kr42.70 over the past week.Major Estimate Revision • Aug 29Consensus EPS estimates fall by 24%The consensus outlook for fiscal year 2023 has been updated. 2023 EPS estimate fell from US$0.334 to US$0.254 per share. Revenue forecast steady at US$124.3m. Net income forecast to grow 57% next year vs 2.6% growth forecast for Shipping industry in Norway. Consensus price target down from kr53.88 to kr51.13. Share price fell 8.9% to kr41.05 over the past week.お知らせ • Aug 23AMSC ASA Announces Cash Dividend, Payable on or About 7 September 2023AMSC ASA announced cash dividend of USD 0.12 per share. Ex-date: 29 August 2023. Record date: 30 August 2023. Payment date: on or about 7 September 2023. Date of approval: 22 August 2023.Reported Earnings • Aug 23Second quarter 2023 earnings: EPS misses analyst expectationsSecond quarter 2023 results: EPS: US$0.056 (up from US$0.054 in 2Q 2022). Revenue: US$30.9m (up 41% from 2Q 2022). Net income: US$4.00m (up 21% from 2Q 2022). Profit margin: 13% (down from 15% in 2Q 2022). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 34%. Revenue is forecast to grow 3.5% p.a. on average during the next 3 years, compared to a 1.7% decline forecast for the Shipping industry in Norway. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has increased by 11% per year, which means it is tracking significantly ahead of earnings growth.Major Estimate Revision • May 31Consensus EPS estimates fall by 22%The consensus outlook for fiscal year 2023 has been updated. 2023 EPS estimate fell from US$0.426 to US$0.334 per share. Revenue forecast steady at US$123.3m. Net income forecast to grow 90% next year vs 29% growth forecast for Shipping industry in Norway. Consensus price target down from kr54.83 to kr52.56. Share price fell 5.1% to kr39.10 over the past week.Reported Earnings • May 25First quarter 2023 earnings: EPS misses analyst expectationsFirst quarter 2023 results: EPS: US$0.046 (down from US$0.14 in 1Q 2022). Revenue: US$30.3m (up 40% from 1Q 2022). Net income: US$3.30m (down 63% from 1Q 2022). Profit margin: 11% (down from 41% in 1Q 2022). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 44%. Revenue is forecast to grow 4.4% p.a. on average during the next 3 years, compared to a 2.1% decline forecast for the Shipping industry in Norway. Over the last 3 years on average, earnings per share has increased by 16% per year whereas the company’s share price has increased by 20% per year.お知らせ • May 24AMSC ASA Announces Cash DividendAMSC ASA announced cash dividend of USD 0.12 per share. Ex-date is 30 May 2023. Record date is 31 May 2023. Payment date is on or about 8 June 2023. Date of approval is 23 May 2023.Reported Earnings • Apr 07Full year 2022 earnings: Revenues exceed analysts expectations while EPS lags behindFull year 2022 results: EPS: US$0.29 (up from US$0.22 in FY 2021). Revenue: US$93.7m (up 6.2% from FY 2021). Net income: US$18.7m (up 40% from FY 2021). Profit margin: 20% (up from 15% in FY 2021). Revenue exceeded analyst estimates by 2.2%. Earnings per share (EPS) missed analyst estimates by 15%. Revenue is forecast to grow 7.6% p.a. on average during the next 3 years, compared to a 1.6% decline forecast for the Shipping industry in Norway. Over the last 3 years on average, earnings per share has increased by 27% per year whereas the company’s share price has increased by 23% per year.Reported Earnings • Mar 01Full year 2022 earnings released: EPS: US$0.29 (vs US$0.22 in FY 2021)Full year 2022 results: EPS: US$0.29 (up from US$0.22 in FY 2021). Revenue: US$93.7m (up 6.2% from FY 2021). Net income: US$18.7m (up 40% from FY 2021). Profit margin: 20% (up from 15% in FY 2021). Revenue is forecast to grow 9.3% p.a. on average during the next 3 years, compared to a 1.4% decline forecast for the Shipping industry in Norway. Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has only increased by 13% per year, which means it is significantly lagging earnings growth.お知らせ • Dec 30+ 3 more updatesAMSC ASA to Report Q4, 2022 Results on Feb 28, 2023AMSC ASA announced that they will report Q4, 2022 results at 12:00 PM, Central European Standard Time on Feb 28, 2023Reported Earnings • Nov 23Third quarter 2022 earnings released: EPS: US$0.083 (vs US$0.058 in 3Q 2021)Third quarter 2022 results: EPS: US$0.083 (up from US$0.058 in 3Q 2021). Revenue: US$22.3m (flat on 3Q 2021). Net income: US$5.10m (up 46% from 3Q 2021). Profit margin: 23% (up from 16% in 3Q 2021). Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 1.2% growth forecast for the Shipping industry in Norway. Over the last 3 years on average, earnings per share has increased by 36% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth.Board Change • Nov 16No independent directorsFollowing the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 3 non-independent directors. Director Frank Reite was the last director to join the board, commencing their role in 2022. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model.Major Estimate Revision • Nov 05Consensus EPS estimates increase by 14%The consensus outlook for earnings per share (EPS) in 2022 has improved. 2022 revenue forecast increased from US$88.2m to US$91.8m. EPS estimate increased from US$0.30 to US$0.34 per share. Net income forecast to grow 69% next year vs 15% growth forecast for Shipping industry in Norway. Consensus price target up from kr45.58 to kr52.72. Share price rose 17% to kr44.30 over the past week.Valuation Update With 7 Day Price Move • Nov 04Investor sentiment improved over the past weekAfter last week's 17% share price gain to kr44.30, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 5x in the Shipping industry in Norway. Total returns to shareholders of 77% over the past three years.Major Estimate Revision • Sep 29Consensus forecasts updatedThe consensus outlook for 2022 has been updated. 2022 EPS estimate fell from US$0.41 to US$0.30 per share. Revenue forecast steady at US$88.0m. Net income forecast to grow 44% next year vs 57% growth forecast for Shipping industry in Norway. Consensus price target broadly unchanged at kr47.82. Share price fell 4.0% to kr34.85 over the past week.Reported Earnings • Aug 23Second quarter 2022 earnings: EPS misses analyst expectationsSecond quarter 2022 results: EPS: US$0.054 (down from US$0.059 in 2Q 2021). Revenue: US$22.0m (flat on 2Q 2021). Net income: US$3.30m (down 8.3% from 2Q 2021). Profit margin: 15% (down from 16% in 2Q 2021). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 43%. Over the next year, revenue is forecast to grow 14%, compared to a 81% growth forecast for the Shipping industry in Norway. Over the last 3 years on average, earnings per share has increased by 45% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth.Major Estimate Revision • Jun 18Consensus forecasts updatedThe consensus outlook for 2022 has been updated. 2022 EPS estimate increased from US$0.29 to US$0.41. Revenue forecast steady at US$88.0m. Net income forecast to grow 46% next year vs 25% growth forecast for Shipping industry in Norway. Consensus price target of kr44.20 unchanged from last update. Share price rose 6.6% to kr40.50 over the past week.Reported Earnings • May 20First quarter 2022 earnings: EPS exceeds analyst expectationsFirst quarter 2022 results: EPS: US$0.14 (up from US$0.064 in 1Q 2021). Revenue: US$21.7m (flat on 1Q 2021). Net income: US$8.80m (up 126% from 1Q 2021). Profit margin: 41% (up from 18% in 1Q 2021). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 128%. Over the next year, revenue is forecast to stay flat compared to a 26% growth forecast for the industry in Norway. Over the last 3 years on average, earnings per share has increased by 51% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth.Board Change • Apr 27No independent directorsFollowing the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 4 non-independent directors. Director Frank Reite was the last director to join the board, commencing their role in 2022. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model.Reported Earnings • Apr 05Full year 2021 earnings: EPS misses analyst expectationsFull year 2021 results: EPS: US$0.22 (down from US$0.30 in FY 2020). Revenue: US$88.2m (flat on FY 2020). Net income: US$13.4m (down 26% from FY 2020). Profit margin: 15% (down from 21% in FY 2020). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 17%. Over the last 3 years on average, earnings per share has increased by 52% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings.Reported Earnings • Feb 26Full year 2021 earnings: EPS misses analyst expectationsFull year 2021 results: EPS: US$0.22 (down from US$0.30 in FY 2020). Revenue: US$88.2m (flat on FY 2020). Net income: US$13.4m (down 26% from FY 2020). Profit margin: 15% (down from 21% in FY 2020). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 17%. Over the next year, revenue is forecast to stay flat compared to a 110% growth forecast for the industry in Norway. Over the last 3 years on average, earnings per share has increased by 52% per year but the company’s share price has remained flat, which means it is significantly lagging earnings.Reported Earnings • Nov 20Third quarter 2021 earnings released: EPS US$0.058 (vs US$0.074 loss in 3Q 2020)The company reported a solid third quarter result with improved earnings and profit margins, although revenues were flat. Third quarter 2021 results: Revenue: US$22.3m (flat on 3Q 2020). Net income: US$3.50m (up US$8.00m from 3Q 2020). Profit margin: 16% (up from net loss in 3Q 2020). Over the last 3 years on average, earnings per share has increased by 43% per year but the company’s share price has remained flat, which means it is significantly lagging earnings.Recent Insider Transactions • Sep 29CEO & President recently bought kr641k worth of stockOn the 27th of September, Pål Magnussen bought around 25k shares on-market at roughly kr25.64 per share. This was the largest purchase by an insider in the last 3 months. This was Pål's only on-market trade for the last 12 months.Reported Earnings • Aug 21Second quarter 2021 earnings released: EPS US$0.059 (vs US$0.018 in 2Q 2020)The company reported a decent second quarter result with improved earnings and profit margins, although revenues were flat. Second quarter 2021 results: Revenue: US$21.9m (flat on 2Q 2020). Net income: US$3.60m (up 227% from 2Q 2020). Profit margin: 16% (up from 5.0% in 2Q 2020). Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth.Reported Earnings • May 22First quarter 2021 earnings released: EPS US$0.064 (vs US$0.026 in 1Q 2020)The company reported a decent first quarter result with improved earnings and profit margins, although revenues were flat. First quarter 2021 results: Revenue: US$21.7m (flat on 1Q 2020). Net income: US$3.90m (up 144% from 1Q 2020). Profit margin: 18% (up from 7.3% in 1Q 2020). Over the last 3 years on average, earnings per share has fallen by 9% per year but the company’s share price has increased by 6% per year, which means it is well ahead of earnings.分析記事 • May 14Returns On Capital Are Showing Encouraging Signs At American Shipping (OB:AMSC)What trends should we look for it we want to identify stocks that can multiply in value over the long term? Firstly...分析記事 • Apr 13American Shipping Company ASA's (OB:AMSC) CEO Compensation Is Looking A Bit Stretched At The MomentCEO Pål Magnussen has done a decent job of delivering relatively good performance at American Shipping Company ASA...分析記事 • Apr 02Why American Shipping Company ASA (OB:AMSC) Could Be Worth WatchingWhile American Shipping Company ASA ( OB:AMSC ) might not be the most widely known stock at the moment, it received a...分析記事 • Mar 20American Shipping Company ASA Just Beat Analyst Forecasts, And Analysts Have Been Updating Their PredictionsShareholders might have noticed that American Shipping Company ASA ( OB:AMSC ) filed its yearly result this time last...Reported Earnings • Mar 19Full year 2020 earnings released: EPS US$0.30 (vs US$0.14 in FY 2019)The company reported a solid full year result with improved earnings and profit margins, although revenues were flat. Full year 2020 results: Revenue: US$88.2m (flat on FY 2019). Net income: US$18.2m (up 119% from FY 2019). Profit margin: 21% (up from 9.5% in FY 2019). Over the last 3 years on average, earnings per share has fallen by 25% per year but the company’s share price has increased by 9% per year, which means it is well ahead of earnings.分析記事 • Mar 19Estimating The Fair Value Of American Shipping Company ASA (OB:AMSC)Does the March share price for American Shipping Company ASA ( OB:AMSC ) reflect what it's really worth? Today, we will...分析記事 • Mar 06These 4 Measures Indicate That American Shipping (OB:AMSC) Is Using Debt ExtensivelySome say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...分析記事 • Feb 21Are Institutions Heavily Invested In American Shipping Company ASA's (OB:AMSC) Shares?If you want to know who really controls American Shipping Company ASA ( OB:AMSC ), then you'll have to look at the...Analyst Estimate Surprise Post Earnings • Feb 14Earnings beat expectations, revenue disappointsRevenue missed analyst estimates by 0.05%. Earnings per share (EPS) exceeded analyst estimates by 493%. Over the next year, revenue is forecast to stay flat compared to a 18% growth forecast for the Shipping industry in Norway.Reported Earnings • Feb 13Full year 2020 earnings released: EPS US$0.30 (vs US$0.14 in FY 2019)The company reported a solid full year result with improved earnings and profit margins, although revenues were flat. Full year 2020 results: Revenue: US$88.2m (flat on FY 2019). Net income: US$18.1m (up 118% from FY 2019). Profit margin: 21% (up from 9.5% in FY 2019). Over the last 3 years on average, earnings per share has fallen by 25% per year but the company’s share price has increased by 10% per year, which means it is well ahead of earnings.Is New 90 Day High Low • Feb 11New 90-day high: kr31.85The company is up 6.0% from its price of kr30.00 on 13 November 2020. The Norwegian market is up 14% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Shipping industry, which is up 12% over the same period.分析記事 • Feb 08Did You Participate In Any Of American Shipping's (OB:AMSC) Respectable 74% Return?By buying an index fund, you can roughly match the market return with ease. But if you pick the right individual...分析記事 • Jan 26Here's What To Make Of American Shipping's (OB:AMSC) Returns On CapitalFinding a business that has the potential to grow substantially is not easy, but it is possible if we look at a few key...分析記事 • Jan 13Is American Shipping Company ASA's (OB:AMSC) 1.4% ROE Worse Than Average?One of the best investments we can make is in our own knowledge and skill set. With that in mind, this article will...分析記事 • Dec 31Should You Investigate American Shipping Company ASA (OB:AMSC) At kr28.20?While American Shipping Company ASA ( OB:AMSC ) might not be the most widely known stock at the moment, it saw...分析記事 • Dec 18How Much Are American Shipping Company ASA (OB:AMSC) Insiders Spending On Buying Shares?We've lost count of how many times insiders have accumulated shares in a company that goes on to improve markedly... このセクションでは通常、投資家が会社の利益創出能力を理解する一助となるよう、プロのアナリストのコンセンサス予想に基づく収益と利益の成長予測を提示する。しかし、AMSC は十分な過去のデータを提供しておらず、アナリストの予測もないため、過去のデータを外挿したり、アナリストの予測を使用しても、その将来の収益を確実に算出することはできません。 シンプリー・ウォール・ストリートがカバーする企業の97%は過去の財務データを持っているため、これはかなり稀な状況です。 業績と収益の成長予測OB:AMSC - アナリストの将来予測と過去の財務データ ( )NOK Millions日付収益収益フリー・キャッシュフロー営業活動によるキャッシュ平均アナリスト数6/30/2025N/A561-67-67N/A3/31/2025N/A598-18-18N/A12/31/2024N/A445-1-1N/A9/30/2024N/A380-648-648N/A6/30/2024N/A203476476N/A3/31/2024N/A-55-135-135N/A12/31/2023N/A-119715715N/A9/30/2023N/A-76108108N/A6/30/2023-468-250-103-103N/A3/31/2023-227-191-118-118N/A12/31/2022N/A-74-88-88N/A9/30/2022243-40618618N/A6/30/2022870177554554N/A3/31/2022776161464464N/A12/31/2021777118514514N/A9/30/2021770271459502N/A6/30/2021758198394436N/A3/31/2021753175421463N/A12/31/2020756156335376N/A9/30/202082219314323N/A6/30/202084890378387N/A3/31/202091694402412N/A12/31/201977173307315N/A9/30/201979944397397N/A6/30/201974937371371N/A3/31/201975749N/A374N/A12/31/201875974N/A413N/A9/30/2018715148N/A390N/A6/30/2018715156N/A392N/A3/31/2018689146N/A360N/A12/31/2017721109N/A419N/A9/30/201770087N/A430N/A6/30/201773380N/A455N/A3/31/201775365N/A459N/A12/31/201676061N/A490N/A9/30/2016704-26N/A427N/A6/30/2016737-11N/A476N/A3/31/201672731N/A448N/A12/31/201577786N/A450N/A9/30/2015750140N/A378N/A6/30/2015691123N/A325N/A3/31/2015707112N/A310N/A12/31/2014656172N/A285N/Aもっと見るアナリストによる今後の成長予測収入対貯蓄率: AMSCの予測収益成長が 貯蓄率 ( 2.8% ) を上回っているかどうかを判断するにはデータが不十分です。収益対市場: AMSCの収益がNorwegian市場よりも速く成長すると予測されるかどうかを判断するにはデータが不十分です高成長収益: AMSCの収益が今後 3 年間で 大幅に 増加すると予想されるかどうかを判断するにはデータが不十分です。収益対市場: AMSCの収益がNorwegian市場よりも速く成長すると予測されるかどうかを判断するにはデータが不十分です。高い収益成長: AMSCの収益が年間20%よりも速く成長すると予測されるかどうかを判断するにはデータが不十分です。一株当たり利益成長率予想将来の株主資本利益率将来のROE: AMSCの 自己資本利益率 が 3 年後に高くなると予測されるかどうかを判断するにはデータが不十分です成長企業の発掘7D1Y7D1Y7D1YTransportation 業界の高成長企業。View Past Performance企業分析と財務データの現状データ最終更新日（UTC時間）企業分析2025/11/04 05:02終値2025/10/31 00:00収益2025/06/30年間収益2024/12/31データソース企業分析に使用したデータはS&P Global Market Intelligence LLC のものです。本レポートを作成するための分析モデルでは、以下のデータを使用しています。データは正規化されているため、ソースが利用可能になるまでに時間がかかる場合があります。パッケージデータタイムフレーム米国ソース例会社財務10年損益計算書キャッシュ・フロー計算書貸借対照表SECフォーム10-KSECフォーム10-Qアナリストのコンセンサス予想+プラス3年予想財務アナリストの目標株価アナリストリサーチレポートBlue Matrix市場価格30年株価配当、分割、措置ICEマーケットデータSECフォームS-1所有権10年トップ株主インサイダー取引SECフォーム4SECフォーム13Dマネジメント10年リーダーシップ・チーム取締役会SECフォーム10-KSECフォームDEF 14A主な進展10年会社からのお知らせSECフォーム8-K* 米国証券を対象とした例であり、非米国証券については、同等の規制書式および情報源を使用。特に断りのない限り、すべての財務データは1年ごとの期間に基づいていますが、四半期ごとに更新されます。これは、TTM（Trailing Twelve Month）またはLTM（Last Twelve Month）データとして知られています。詳細はこちら。分析モデルとスノーフレーク本レポートを生成するために使用した分析モデルの詳細は当社のGithubページでご覧いただけます。また、レポートの使用方法に関するガイドやYoutubeのチュートリアルも掲載しています。シンプリー・ウォールストリート分析モデルを設計・構築した世界トップクラスのチームについてご紹介します。業界およびセクターの指標私たちの業界とセクションの指標は、Simply Wall Stによって6時間ごとに計算されます。アナリスト筋AMSC ASA 0 これらのアナリストのうち、弊社レポートのインプットとして使用した売上高または利益の予想を提出したのは、 。アナリストの投稿は一日中更新されます。3 アナリスト機関Jørgen LianDNB CarnegieEspen FjermestadFearnley SecuritiesEirik HaavaldsenPareto Securities
Major Estimate Revision • Oct 26Consensus EPS estimates increase by 344%, revenue downgradedThe consensus outlook for fiscal year 2023 has been updated. 2023 revenue forecast fell from US$115.9m to US$105.1m. EPS estimate rose from US$0.213 to US$0.945. Net income forecast to grow 176% next year vs 4.9% growth forecast for Shipping industry in Norway. Consensus price target down from kr51.54 to kr38.29. Share price fell 52% to kr21.75 over the past week.
Major Estimate Revision • Oct 06Consensus EPS estimates fall by 17%The consensus outlook for earnings per share (EPS) in fiscal year 2023 has deteriorated. 2023 revenue forecast decreased from US$124.3m to US$115.7m. EPS estimate also fell from US$0.254 per share to US$0.212 per share. Net income forecast to grow 17% next year vs 3.0% growth forecast for Shipping industry in Norway. Consensus price target down from kr52.01 to kr50.28. Share price rose 3.6% to kr42.70 over the past week.
Major Estimate Revision • Aug 29Consensus EPS estimates fall by 24%The consensus outlook for fiscal year 2023 has been updated. 2023 EPS estimate fell from US$0.334 to US$0.254 per share. Revenue forecast steady at US$124.3m. Net income forecast to grow 57% next year vs 2.6% growth forecast for Shipping industry in Norway. Consensus price target down from kr53.88 to kr51.13. Share price fell 8.9% to kr41.05 over the past week.
Major Estimate Revision • May 31Consensus EPS estimates fall by 22%The consensus outlook for fiscal year 2023 has been updated. 2023 EPS estimate fell from US$0.426 to US$0.334 per share. Revenue forecast steady at US$123.3m. Net income forecast to grow 90% next year vs 29% growth forecast for Shipping industry in Norway. Consensus price target down from kr54.83 to kr52.56. Share price fell 5.1% to kr39.10 over the past week.
Major Estimate Revision • Nov 05Consensus EPS estimates increase by 14%The consensus outlook for earnings per share (EPS) in 2022 has improved. 2022 revenue forecast increased from US$88.2m to US$91.8m. EPS estimate increased from US$0.30 to US$0.34 per share. Net income forecast to grow 69% next year vs 15% growth forecast for Shipping industry in Norway. Consensus price target up from kr45.58 to kr52.72. Share price rose 17% to kr44.30 over the past week.
Major Estimate Revision • Sep 29Consensus forecasts updatedThe consensus outlook for 2022 has been updated. 2022 EPS estimate fell from US$0.41 to US$0.30 per share. Revenue forecast steady at US$88.0m. Net income forecast to grow 44% next year vs 57% growth forecast for Shipping industry in Norway. Consensus price target broadly unchanged at kr47.82. Share price fell 4.0% to kr34.85 over the past week.
Upcoming Dividend • Oct 14Upcoming dividend of kr1.48 per shareEligible shareholders must have bought the stock before 21 October 2025. Payment date: 29 October 2025. Payout ratio is on the higher end at 100% but the company is not cash flow positive. Trailing yield: 163%. Within top quartile of Norwegian dividend payers (9.4%). Higher than average of industry peers (16%).
お知らせ • Oct 09AMSC ASA Proposes Distribution of the Liquidation Dividend, Payable on or about 29 October 2025AMSC ASA proposed the distribution of the liquidation dividend and subject To Approve the liquidation settlement by the Company's extraordinary general meeting to be held on 30 October 2025, the Company will have no remaining assets and will be finally liquidated. Dividend amount: NOK 1.481 per share. Ex-date: 21 October 2025. Record date: 22 October 2025. Payment date: on or about 29 October 2025. Date of approval: 8 October 2025.
New Risk • May 07New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Norwegian stocks, typically moving 28% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (28% average weekly change). Dividend is not well covered by earnings and cash flows. Payout ratio: 100% Paying a dividend despite having no free cash flows. High level of non-cash earnings (38% accrual ratio). Revenue is less than US$1m. Minor Risk Market cap is less than US$100m (kr110.5m market cap, or US$10.7m).
Buy Or Sell Opportunity • May 07Now 96% undervalued after recent price dropOver the last 90 days, the stock has fallen 95% to kr1.54. The fair value is estimated to be kr36.23, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 106% over the last 3 years. Meanwhile, the company has become profitable.
お知らせ • May 02AMSC ASA Announces Stepping Down of Morten Bakke as Chief Financial OfficerAMSC ASA announced on 24 April 2025, the annual general meeting of the company resolved that AMSC shall be liquidated. In connection with the ongoing liquidation process, the Chief Financial Officer (CFO) of AMSC, Morten Bakke, will be stepping down from the role as CFO as of 30 April 2025. Bakke will, however, remain available to support AMSC until the liquidation process is completed, which is expected during third quarter 2025.
Board Change • May 02Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 2 highly experienced directors. Independent Director Frank Reite was the last director to join the board, commencing their role in 2022. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.
お知らせ • Apr 29AMSC ASA to Report Q2, 2025 Results on Aug 27, 2025AMSC ASA announced that they will report Q2, 2025 results on Aug 27, 2025
Valuation Update With 7 Day Price Move • Apr 09Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to kr23.50, the stock trades at a trailing P/E ratio of 3.8x. Average forward P/E is 3x in the Shipping industry in Norway. Total returns to shareholders of 138% over the past three years.
Valuation Update With 7 Day Price Move • Feb 19Investor sentiment deteriorates as stock falls 17%After last week's 17% share price decline to kr26.50, the stock trades at a trailing P/E ratio of 2.5x. Average forward P/E is 4x in the Shipping industry in Norway. Total returns to shareholders of 185% over the past three years.
お知らせ • Feb 14AMSC ASA Announces Special DividendAMSC ASA announced a special dividend of NOK 3.9255 per share to be classified as return of paid in capital.
お知らせ • Feb 12AMSC ASA Announces Dividend, Payable on or About February 25, 2025AMSC ASA announced that the dividend of NOK 3.9255 per share. Ex-date: 17 February 2025. Record date: 18 February 2025. Payment date: on or about 25 February 2025. Date of approval: 11 February 2025.
お知らせ • Dec 13AMSC ASA, Annual General Meeting, Apr 24, 2025AMSC ASA, Annual General Meeting, Apr 24, 2025.
お知らせ • Dec 12+ 4 more updatesAMSC ASA to Report First Half, 2025 Results on Jul 14, 2025AMSC ASA announced that they will report first half, 2025 results on Jul 14, 2025
New Risk • Nov 07New major risk - Earnings qualityThe company has a high level of non-cash earnings. Accrual ratio: 48% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risks Dividend is not well covered by earnings and cash flows. Payout ratio: 100% Paying a dividend despite having no free cash flows. Earnings are forecast to decline by an average of 145% per year for the foreseeable future. High level of non-cash earnings (48% accrual ratio). Revenue is less than US$1m.
Declared Dividend • Nov 01Dividend of kr0.60 announcedShareholders will receive a dividend of kr0.60. Ex-date: 5th November 2024 Payment date: 12th November 2024 Dividend yield will be 9.7%, which is lower than the industry average of 14%. Sustainability & Growth Dividend is not covered by earnings (167% earnings payout ratio) and the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. The company's earnings per share (EPS) would need to grow by 86% to bring the payout ratio under control. However, EPS is expected to decline by 133% over the next year, which means the dividend may need to be reduced to reach a sustainable payout ratio.
お知らせ • Oct 29AMSC ASA Approves Cash Dividend, Payable on or about 12 November 2024AMSC ASA approved payment of cash dividend of NOK 0.60 per share. Last day including right: 4 November 2024. Ex-date: 5 November 2024. Record date: 6 November 2024. Payment date: on or about 12 November 2024. Date of approval: 28 October 2024.
お知らせ • Jul 16AMSC ASA Approves Cash Dividend, Payable on or About 30 July 2024AMSC ASA approved payment of cash dividend of NOK 0.55 per share. Last day including right: 19 July 2024. Ex-date: 22 July 2024. Record date: 23 July 2024. Payment date: on or about 30 July 2024. Date of approval: 15 July 2024.
Declared Dividend • May 18Dividend of kr0.55 announcedShareholders will receive a dividend of kr0.55. Ex-date: 22nd May 2024 Payment date: 30th May 2024 Dividend yield will be 92%, which is higher than the industry average of 14%. Sustainability & Growth Dividend is being paid despite the company being loss-making over the last 12 months. The dividend is also not adequately covered by cash flows (93% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments.
お知らせ • May 16AMSC ASA Approves Cash Dividend, Payable on or About 30 May 2024AMSC ASA approved the cash dividend of NOK 0.55 per share. Ex-date is on 22 May 2024 with Record date on 23 May 2024. Payment date is on or about 30 May 2024. Date of approval is on 15 May 2024.
Buy Or Sell Opportunity • Apr 22Now 21% undervaluedOver the last 90 days, the stock has risen 1.6% to kr28.30. The fair value is estimated to be kr35.85, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 21% over the last 3 years. Meanwhile, the company became loss making.
分析記事 • Apr 04A Look At The Fair Value Of AMSC ASA (OB:AMSC)Key Insights Using the 2 Stage Free Cash Flow to Equity, AMSC fair value estimate is kr34.78 With kr29.95 share price...
お知らせ • Feb 29AMSC ASA Approves Dividend for the Fourth Quarter of 2023, Payable on or About March 15, 2024On 20th November, an Extraordinary General Meeting in AMSC ASA approved third quarter and fourth quarter 2023 dividends of USD 0.05 per share for each quarter. Fourth quarter dividend is expected to be paid on or about March 15, 2024. Dividends will be classified as return of paid in capital. The shareholders on record as of 7 March 2024. The shares in AMSC will be traded ex-dividend from and including 6 March 2024.
Upcoming Dividend • Feb 28Upcoming dividend of US$0.05 per shareEligible shareholders must have bought the stock before 06 March 2024. Payment date: 15 March 2024. The company is paying out more than 100% of its profits and is cash flow negative. Trailing yield: 7.9%. Within top quartile of Norwegian dividend payers (7.9%). Lower than average of industry peers (14%).
お知らせ • Dec 21+ 5 more updatesAMSC ASA to Report Q3, 2024 Results on Nov 19, 2024AMSC ASA announced that they will report Q3, 2024 results on Nov 19, 2024
分析記事 • Dec 16Estimating The Intrinsic Value Of AMSC ASA (OB:AMSC)Key Insights AMSC's estimated fair value is kr25.14 based on 2 Stage Free Cash Flow to Equity With kr27.90 share price...
お知らせ • Nov 29AMSC ASA Approves Dividend Payment, Payable on or About 7 December 2023AMSC ASA's EGM approval on 20 November, regarding the payment of a quarterly dividend of USD 0.05 per share to the shareholders of AMSC on record as of 29 November 2023. The shares in AMSC ASA will be traded ex dividend USD 0.05 as from 28 November 2023. The NOK amount per share will be 0.5362 and will be paid on or about 7 December 2023. The dividend is classified as a return of paid in capital.
New Risk • Nov 22New major risk - Earnings qualityThe company has a high level of non-cash earnings. Accrual ratio: 29% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (2.1x net interest cover). Share price has been highly volatile over the past 3 months (16% average weekly change). Dividend is not well covered by earnings and cash flows. Payout ratio: 131% Paying a dividend despite having no free cash flows. Earnings are forecast to decline by an average of 65% per year for the foreseeable future. High level of non-cash earnings (29% accrual ratio).
Upcoming Dividend • Nov 21Upcoming dividend of US$0.05 per share at 19% yieldEligible shareholders must have bought the stock before 28 November 2023. Payment date: 07 December 2023. The company is paying out more than 100% of its profits and is cash flow negative. Trailing yield: 19%. Within top quartile of Norwegian dividend payers (8.7%). Higher than average of industry peers (17%).
お知らせ • Nov 01+ 1 more updateAMSC ASA Proposes Cash Dividend, Payable on or About 15 March 2024AMSC ASA announced that at the EGM to be held on 20 November 2023, the company proposed to the EGM a dividend to AMSC's shareholders of USD 0.10 per share of which USD 0.05 per share will be paid in December 2023 and USD 0.05 per share will be paid March 2024. Please see separate key information notice regarding the dividend payment in December 2023. Ex-date is 6 March 2024. Record date is 7 March 2024. Payment date is on or about 15 March 2024. Date of approval: The proposed distribution of the cash dividend is subject to approval by the EGM of AMSC ASA to be held on 20 November 2023.
Major Estimate Revision • Oct 26Consensus EPS estimates increase by 344%, revenue downgradedThe consensus outlook for fiscal year 2023 has been updated. 2023 revenue forecast fell from US$115.9m to US$105.1m. EPS estimate rose from US$0.213 to US$0.945. Net income forecast to grow 176% next year vs 4.9% growth forecast for Shipping industry in Norway. Consensus price target down from kr51.54 to kr38.29. Share price fell 52% to kr21.75 over the past week.
New Risk • Oct 25New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Norwegian stocks, typically moving 15% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (1.5x net interest cover). Share price has been highly volatile over the past 3 months (15% average weekly change). Dividend is not well covered by earnings and cash flows. Payout ratio: 241% Paying a dividend despite having no free cash flows. Minor Risk Profit margins are more than 30% lower than last year (12% net profit margin).
Valuation Update With 7 Day Price Move • Oct 24Investor sentiment deteriorates as stock falls 49%After last week's 49% share price decline to kr23.00, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 5x in the Shipping industry in Norway. Total returns to shareholders of 168% over the past three years.
お知らせ • Oct 20AMSC ASA Approves Additional Dividend Following Completion of the Sale of the Jones Act Business, Payable on or about 1 November 2023AMSC ASA announced the reference to the announcements made earlier on October 19, 2023 regarding the completion of the sale of the Jones Act business. The board of directors of the company has on October 19, 2023 resolved, in accordance with the authorization from the AGM on 25 April 2023, to distribute a USD 170 million additional dividend as further described below. Dividend amount: USD 2.366 per share; Declared currency: USD; Dividends to be paid: NOK 26.19 per share; Last day including right: 23 October 2023; Ex-date: 24 October 2023; Record date: 25 October 2023; and Payment date: On or about 1 November 2023. The additional dividend will be classified as a regular dividend.
Major Estimate Revision • Oct 06Consensus EPS estimates fall by 17%The consensus outlook for earnings per share (EPS) in fiscal year 2023 has deteriorated. 2023 revenue forecast decreased from US$124.3m to US$115.7m. EPS estimate also fell from US$0.254 per share to US$0.212 per share. Net income forecast to grow 17% next year vs 3.0% growth forecast for Shipping industry in Norway. Consensus price target down from kr52.01 to kr50.28. Share price rose 3.6% to kr42.70 over the past week.
Major Estimate Revision • Aug 29Consensus EPS estimates fall by 24%The consensus outlook for fiscal year 2023 has been updated. 2023 EPS estimate fell from US$0.334 to US$0.254 per share. Revenue forecast steady at US$124.3m. Net income forecast to grow 57% next year vs 2.6% growth forecast for Shipping industry in Norway. Consensus price target down from kr53.88 to kr51.13. Share price fell 8.9% to kr41.05 over the past week.
お知らせ • Aug 23AMSC ASA Announces Cash Dividend, Payable on or About 7 September 2023AMSC ASA announced cash dividend of USD 0.12 per share. Ex-date: 29 August 2023. Record date: 30 August 2023. Payment date: on or about 7 September 2023. Date of approval: 22 August 2023.
Reported Earnings • Aug 23Second quarter 2023 earnings: EPS misses analyst expectationsSecond quarter 2023 results: EPS: US$0.056 (up from US$0.054 in 2Q 2022). Revenue: US$30.9m (up 41% from 2Q 2022). Net income: US$4.00m (up 21% from 2Q 2022). Profit margin: 13% (down from 15% in 2Q 2022). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 34%. Revenue is forecast to grow 3.5% p.a. on average during the next 3 years, compared to a 1.7% decline forecast for the Shipping industry in Norway. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has increased by 11% per year, which means it is tracking significantly ahead of earnings growth.
Major Estimate Revision • May 31Consensus EPS estimates fall by 22%The consensus outlook for fiscal year 2023 has been updated. 2023 EPS estimate fell from US$0.426 to US$0.334 per share. Revenue forecast steady at US$123.3m. Net income forecast to grow 90% next year vs 29% growth forecast for Shipping industry in Norway. Consensus price target down from kr54.83 to kr52.56. Share price fell 5.1% to kr39.10 over the past week.
Reported Earnings • May 25First quarter 2023 earnings: EPS misses analyst expectationsFirst quarter 2023 results: EPS: US$0.046 (down from US$0.14 in 1Q 2022). Revenue: US$30.3m (up 40% from 1Q 2022). Net income: US$3.30m (down 63% from 1Q 2022). Profit margin: 11% (down from 41% in 1Q 2022). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 44%. Revenue is forecast to grow 4.4% p.a. on average during the next 3 years, compared to a 2.1% decline forecast for the Shipping industry in Norway. Over the last 3 years on average, earnings per share has increased by 16% per year whereas the company’s share price has increased by 20% per year.
お知らせ • May 24AMSC ASA Announces Cash DividendAMSC ASA announced cash dividend of USD 0.12 per share. Ex-date is 30 May 2023. Record date is 31 May 2023. Payment date is on or about 8 June 2023. Date of approval is 23 May 2023.
Reported Earnings • Apr 07Full year 2022 earnings: Revenues exceed analysts expectations while EPS lags behindFull year 2022 results: EPS: US$0.29 (up from US$0.22 in FY 2021). Revenue: US$93.7m (up 6.2% from FY 2021). Net income: US$18.7m (up 40% from FY 2021). Profit margin: 20% (up from 15% in FY 2021). Revenue exceeded analyst estimates by 2.2%. Earnings per share (EPS) missed analyst estimates by 15%. Revenue is forecast to grow 7.6% p.a. on average during the next 3 years, compared to a 1.6% decline forecast for the Shipping industry in Norway. Over the last 3 years on average, earnings per share has increased by 27% per year whereas the company’s share price has increased by 23% per year.
Reported Earnings • Mar 01Full year 2022 earnings released: EPS: US$0.29 (vs US$0.22 in FY 2021)Full year 2022 results: EPS: US$0.29 (up from US$0.22 in FY 2021). Revenue: US$93.7m (up 6.2% from FY 2021). Net income: US$18.7m (up 40% from FY 2021). Profit margin: 20% (up from 15% in FY 2021). Revenue is forecast to grow 9.3% p.a. on average during the next 3 years, compared to a 1.4% decline forecast for the Shipping industry in Norway. Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has only increased by 13% per year, which means it is significantly lagging earnings growth.
お知らせ • Dec 30+ 3 more updatesAMSC ASA to Report Q4, 2022 Results on Feb 28, 2023AMSC ASA announced that they will report Q4, 2022 results at 12:00 PM, Central European Standard Time on Feb 28, 2023
Reported Earnings • Nov 23Third quarter 2022 earnings released: EPS: US$0.083 (vs US$0.058 in 3Q 2021)Third quarter 2022 results: EPS: US$0.083 (up from US$0.058 in 3Q 2021). Revenue: US$22.3m (flat on 3Q 2021). Net income: US$5.10m (up 46% from 3Q 2021). Profit margin: 23% (up from 16% in 3Q 2021). Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 1.2% growth forecast for the Shipping industry in Norway. Over the last 3 years on average, earnings per share has increased by 36% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth.
Board Change • Nov 16No independent directorsFollowing the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 3 non-independent directors. Director Frank Reite was the last director to join the board, commencing their role in 2022. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model.
Major Estimate Revision • Nov 05Consensus EPS estimates increase by 14%The consensus outlook for earnings per share (EPS) in 2022 has improved. 2022 revenue forecast increased from US$88.2m to US$91.8m. EPS estimate increased from US$0.30 to US$0.34 per share. Net income forecast to grow 69% next year vs 15% growth forecast for Shipping industry in Norway. Consensus price target up from kr45.58 to kr52.72. Share price rose 17% to kr44.30 over the past week.
Valuation Update With 7 Day Price Move • Nov 04Investor sentiment improved over the past weekAfter last week's 17% share price gain to kr44.30, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 5x in the Shipping industry in Norway. Total returns to shareholders of 77% over the past three years.
Major Estimate Revision • Sep 29Consensus forecasts updatedThe consensus outlook for 2022 has been updated. 2022 EPS estimate fell from US$0.41 to US$0.30 per share. Revenue forecast steady at US$88.0m. Net income forecast to grow 44% next year vs 57% growth forecast for Shipping industry in Norway. Consensus price target broadly unchanged at kr47.82. Share price fell 4.0% to kr34.85 over the past week.
Reported Earnings • Aug 23Second quarter 2022 earnings: EPS misses analyst expectationsSecond quarter 2022 results: EPS: US$0.054 (down from US$0.059 in 2Q 2021). Revenue: US$22.0m (flat on 2Q 2021). Net income: US$3.30m (down 8.3% from 2Q 2021). Profit margin: 15% (down from 16% in 2Q 2021). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 43%. Over the next year, revenue is forecast to grow 14%, compared to a 81% growth forecast for the Shipping industry in Norway. Over the last 3 years on average, earnings per share has increased by 45% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth.
Major Estimate Revision • Jun 18Consensus forecasts updatedThe consensus outlook for 2022 has been updated. 2022 EPS estimate increased from US$0.29 to US$0.41. Revenue forecast steady at US$88.0m. Net income forecast to grow 46% next year vs 25% growth forecast for Shipping industry in Norway. Consensus price target of kr44.20 unchanged from last update. Share price rose 6.6% to kr40.50 over the past week.
Reported Earnings • May 20First quarter 2022 earnings: EPS exceeds analyst expectationsFirst quarter 2022 results: EPS: US$0.14 (up from US$0.064 in 1Q 2021). Revenue: US$21.7m (flat on 1Q 2021). Net income: US$8.80m (up 126% from 1Q 2021). Profit margin: 41% (up from 18% in 1Q 2021). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 128%. Over the next year, revenue is forecast to stay flat compared to a 26% growth forecast for the industry in Norway. Over the last 3 years on average, earnings per share has increased by 51% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth.
Board Change • Apr 27No independent directorsFollowing the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 4 non-independent directors. Director Frank Reite was the last director to join the board, commencing their role in 2022. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model.
Reported Earnings • Apr 05Full year 2021 earnings: EPS misses analyst expectationsFull year 2021 results: EPS: US$0.22 (down from US$0.30 in FY 2020). Revenue: US$88.2m (flat on FY 2020). Net income: US$13.4m (down 26% from FY 2020). Profit margin: 15% (down from 21% in FY 2020). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 17%. Over the last 3 years on average, earnings per share has increased by 52% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings.
Reported Earnings • Feb 26Full year 2021 earnings: EPS misses analyst expectationsFull year 2021 results: EPS: US$0.22 (down from US$0.30 in FY 2020). Revenue: US$88.2m (flat on FY 2020). Net income: US$13.4m (down 26% from FY 2020). Profit margin: 15% (down from 21% in FY 2020). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 17%. Over the next year, revenue is forecast to stay flat compared to a 110% growth forecast for the industry in Norway. Over the last 3 years on average, earnings per share has increased by 52% per year but the company’s share price has remained flat, which means it is significantly lagging earnings.
Reported Earnings • Nov 20Third quarter 2021 earnings released: EPS US$0.058 (vs US$0.074 loss in 3Q 2020)The company reported a solid third quarter result with improved earnings and profit margins, although revenues were flat. Third quarter 2021 results: Revenue: US$22.3m (flat on 3Q 2020). Net income: US$3.50m (up US$8.00m from 3Q 2020). Profit margin: 16% (up from net loss in 3Q 2020). Over the last 3 years on average, earnings per share has increased by 43% per year but the company’s share price has remained flat, which means it is significantly lagging earnings.
Recent Insider Transactions • Sep 29CEO & President recently bought kr641k worth of stockOn the 27th of September, Pål Magnussen bought around 25k shares on-market at roughly kr25.64 per share. This was the largest purchase by an insider in the last 3 months. This was Pål's only on-market trade for the last 12 months.
Reported Earnings • Aug 21Second quarter 2021 earnings released: EPS US$0.059 (vs US$0.018 in 2Q 2020)The company reported a decent second quarter result with improved earnings and profit margins, although revenues were flat. Second quarter 2021 results: Revenue: US$21.9m (flat on 2Q 2020). Net income: US$3.60m (up 227% from 2Q 2020). Profit margin: 16% (up from 5.0% in 2Q 2020). Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth.
Reported Earnings • May 22First quarter 2021 earnings released: EPS US$0.064 (vs US$0.026 in 1Q 2020)The company reported a decent first quarter result with improved earnings and profit margins, although revenues were flat. First quarter 2021 results: Revenue: US$21.7m (flat on 1Q 2020). Net income: US$3.90m (up 144% from 1Q 2020). Profit margin: 18% (up from 7.3% in 1Q 2020). Over the last 3 years on average, earnings per share has fallen by 9% per year but the company’s share price has increased by 6% per year, which means it is well ahead of earnings.
分析記事 • May 14Returns On Capital Are Showing Encouraging Signs At American Shipping (OB:AMSC)What trends should we look for it we want to identify stocks that can multiply in value over the long term? Firstly...
分析記事 • Apr 13American Shipping Company ASA's (OB:AMSC) CEO Compensation Is Looking A Bit Stretched At The MomentCEO Pål Magnussen has done a decent job of delivering relatively good performance at American Shipping Company ASA...
分析記事 • Apr 02Why American Shipping Company ASA (OB:AMSC) Could Be Worth WatchingWhile American Shipping Company ASA ( OB:AMSC ) might not be the most widely known stock at the moment, it received a...
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Reported Earnings • Mar 19Full year 2020 earnings released: EPS US$0.30 (vs US$0.14 in FY 2019)The company reported a solid full year result with improved earnings and profit margins, although revenues were flat. Full year 2020 results: Revenue: US$88.2m (flat on FY 2019). Net income: US$18.2m (up 119% from FY 2019). Profit margin: 21% (up from 9.5% in FY 2019). Over the last 3 years on average, earnings per share has fallen by 25% per year but the company’s share price has increased by 9% per year, which means it is well ahead of earnings.
分析記事 • Mar 19Estimating The Fair Value Of American Shipping Company ASA (OB:AMSC)Does the March share price for American Shipping Company ASA ( OB:AMSC ) reflect what it's really worth? Today, we will...
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分析記事 • Feb 21Are Institutions Heavily Invested In American Shipping Company ASA's (OB:AMSC) Shares?If you want to know who really controls American Shipping Company ASA ( OB:AMSC ), then you'll have to look at the...
Analyst Estimate Surprise Post Earnings • Feb 14Earnings beat expectations, revenue disappointsRevenue missed analyst estimates by 0.05%. Earnings per share (EPS) exceeded analyst estimates by 493%. Over the next year, revenue is forecast to stay flat compared to a 18% growth forecast for the Shipping industry in Norway.
Reported Earnings • Feb 13Full year 2020 earnings released: EPS US$0.30 (vs US$0.14 in FY 2019)The company reported a solid full year result with improved earnings and profit margins, although revenues were flat. Full year 2020 results: Revenue: US$88.2m (flat on FY 2019). Net income: US$18.1m (up 118% from FY 2019). Profit margin: 21% (up from 9.5% in FY 2019). Over the last 3 years on average, earnings per share has fallen by 25% per year but the company’s share price has increased by 10% per year, which means it is well ahead of earnings.
Is New 90 Day High Low • Feb 11New 90-day high: kr31.85The company is up 6.0% from its price of kr30.00 on 13 November 2020. The Norwegian market is up 14% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Shipping industry, which is up 12% over the same period.
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