View Future GrowthThis company listing is no longer activeThis company may still be operating, however this listing is no longer active.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 과거 순이익 실적현재 이 회사의 최신 실적 보고서를 처리하고 있습니다과거 기준 점검 5/6AMSC은 연평균 23.5%의 비율로 수입이 증가해 온 반면, Shipping 산업은 연평균 23%의 비율로 증가했습니다. 매출은 연평균 59.7%의 비율로 감소했습니다.핵심 정보23.54%순이익 성장률18.75%주당순이익(EPS) 성장률Shipping 산업 성장률48.58%매출 성장률-59.73%자기자본이익률518.62%순이익률n/a최근 순이익 업데이트30 Jun 2025최근 과거 실적 업데이트공시 • Apr 29AMSC ASA to Report Q2, 2025 Results on Aug 27, 2025AMSC ASA announced that they will report Q2, 2025 results on Aug 27, 2025공시 • 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, 2025공시 • 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, 2024Reported 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.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.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.모든 업데이트 보기Recent 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%).공시 • 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.공시 • 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.공시 • 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.공시 • 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.공시 • 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.공시 • Dec 13AMSC ASA, Annual General Meeting, Apr 24, 2025AMSC ASA, Annual General Meeting, Apr 24, 2025.공시 • 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.공시 • 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.공시 • 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.공시 • 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.분석 기사 • 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...공시 • 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%).공시 • 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, 2024분석 기사 • 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...공시 • 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%).공시 • 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.공시 • 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.공시 • 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.공시 • 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.공시 • 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.분석 기사 • 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...분석 기사 • 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...분석 기사 • 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...분석 기사 • 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.분석 기사 • 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...분석 기사 • 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...분석 기사 • 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.분석 기사 • 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...분석 기사 • 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...분석 기사 • 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...분석 기사 • 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...분석 기사 • 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...매출 및 비용 세부 내역AMSC가 돈을 벌고 사용하는 방법. 최근 발표된 LTM 실적 기준.순이익 및 매출 추이OB:AMSC 매출, 비용 및 순이익 (NOK Millions)날짜매출순이익일반관리비연구개발비30 Jun 25056115031 Mar 25059815031 Dec 24044515030 Sep 24038022030 Jun 24020322031 Mar 240-5523031 Dec 230-11922030 Sep 230-7624030 Jun 23-468-25024031 Mar 23-227-19123031 Dec 220-7422030 Sep 22243-4019030 Jun 2287017717031 Mar 2277616115031 Dec 2177711815030 Sep 2177027110030 Jun 2175819810031 Mar 2175317510031 Dec 2075615610030 Sep 208221911030 Jun 208489012031 Mar 209169413031 Dec 197717311030 Sep 197994417030 Jun 197493716031 Mar 197574916031 Dec 187597417030 Sep 1871514810030 Jun 1871515610031 Mar 1868914610031 Dec 1772110910030 Sep 177008710030 Jun 177338010031 Mar 177536510031 Dec 167606110030 Sep 16704-268030 Jun 16737-118031 Mar 16727318031 Dec 15777869030 Sep 1575014010030 Jun 156911239031 Mar 157071129031 Dec 1465617280양질의 수익: AMSC는 고품질 수익을 보유하고 있습니다.이익 마진 증가: 지난 1년 동안 AMSC의 이익률이 개선되었는지 판단하기에 데이터가 부족합니다.잉여현금흐름 대비 순이익 분석과거 순이익 성장 분석수익추이: AMSC의 수익은 지난 5년 동안 연평균 23.5%로 크게 증가했습니다.성장 가속화: 지난 1년간 AMSC 의 수익 증가율(175.9%)은 연간 평균(23.5%)을 초과합니다.수익 대 산업: AMSC의 지난 1년 수익 증가율(175.9%)은 Shipping 업계의 -20.6%를 상회했습니다.자기자본이익률높은 ROE: AMSC의 자본 수익률(518.6%)은 뛰어남으로 평가됩니다.총자산이익률투하자본수익률우수한 과거 실적 기업을 찾아보세요7D1Y7D1Y7D1YTransportation 산업에서 과거 실적이 우수한 기업.View Financial Health기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2025/11/04 01:58종가2025/10/31 00:00수익2025/06/30연간 수익2024/12/31데이터 소스당사의 기업 분석에 사용되는 데이터는 S&P Global Market Intelligence LLC에서 제공됩니다. 아래 데이터는 이 보고서를 생성하기 위해 분석 모델에서 사용됩니다. 데이터는 정규화되므로 소스가 제공된 후 지연이 발생할 수 있습니다.패키지데이터기간미국 소스 예시 *기업 재무제표10년손익계산서현금흐름표대차대조표SEC 양식 10-KSEC 양식 10-Q분석가 컨센서스 추정치+3년재무 예측분석가 목표주가분석가 리서치 보고서Blue Matrix시장 가격30년주가배당, 분할 및 기타 조치ICE 시장 데이터SEC 양식 S-1지분 구조10년주요 주주내부자 거래SEC 양식 4SEC 양식 13D경영진10년리더십 팀이사회SEC 양식 10-KSEC 양식 DEF 14A주요 개발10년회사 공시SEC 양식 8-K* 미국 증권에 대한 예시이며, 비(非)미국 증권에는 해당 국가의 규제 서식 및 자료원을 사용합니다.별도로 명시되지 않는 한 모든 재무 데이터는 연간 기간을 기준으로 하지만 분기별로 업데이트됩니다. 이를 TTM(최근 12개월) 또는 LTM(지난 12개월) 데이터라고 합니다. 자세히 알아보기.분석 모델 및 스노우플레이크이 보고서를 생성하는 데 사용된 분석 모델에 대한 자세한 내용은 당사의 Github 페이지에서 확인하실 수 있습니다. 또한 보고서 활용 방법에 대한 가이드와 YouTube 튜토리얼도 제공합니다.Simply Wall St 분석 모델을 설계하고 구축한 세계적 수준의 팀에 대해 알아보세요.산업 및 섹터 지표산업 및 섹터 지표는 Simply Wall St가 6시간마다 계산하며, 프로세스에 대한 자세한 내용은 Github에서 확인할 수 있습니다.분석가 소스AMSC ASA는 3명의 분석가가 다루고 있습니다. 이 중 0명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.분석가기관Jørgen LianDNB CarnegieEspen FjermestadFearnley SecuritiesEirik HaavaldsenPareto Securities
공시 • 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
공시 • 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
공시 • 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
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.
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.
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.
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%).
공시 • 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.
공시 • 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.
공시 • 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.
공시 • 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.
공시 • 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.
공시 • Dec 13AMSC ASA, Annual General Meeting, Apr 24, 2025AMSC ASA, Annual General Meeting, Apr 24, 2025.
공시 • 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.
공시 • 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.
공시 • 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.
공시 • 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.
분석 기사 • 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...
공시 • 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%).
공시 • 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
분석 기사 • 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...
공시 • 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%).
공시 • 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.
공시 • 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.
공시 • 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.
공시 • 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.
공시 • 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.
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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.
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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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