AKVA group (BST:3QI) - Stock Price, News & Analysis

3QI Stock Overview

Designs, purchases, manufactures, assembles, sells, and installs technology products; and provides rental and consulting services for the aquaculture industry.

About the company

3QI fundamental analysis
Snowflake Score
Valuation	3/6
Future Growth	4/6
Past Performance	0/6
Financial Health	2/6
Dividends	0/6

Rewards

Trading at 54.2% below our estimate of its fair value

Earnings are forecast to grow 73.83% per year

Risk Analysis

Interest payments are not well covered by earnings

AKVA group ASA Competitors

Koenig & Bauer

XTRA:SKB

€223.7m

MAX Automation

XTRA:MXHN

€249.9m

Gesco

XTRA:GSC1

€180.3m

va-Q-tec

HMSE:VQT

€321.6m

Price History & Performance

Summary of all time highs, changes and price drops for AKVA group
Historical stock prices
Current Share Price	NOK 5.52
52 Week High	NOK 7.04
52 Week Low	NOK 4.28
Beta	0.65
11 Month Change	1.10%
3 Month Change	-3.83%
1 Year Change	-0.72%
33 Year Change	-35.06%
5 Year Change	n/a
Change since IPO	-25.50%

Recent updates

Shareholder Returns

	3QI	DE Machinery	DE Market
7D	-2.5%	0.6%	0.8%
1Y	-0.7%	9.8%	2.0%

Return vs Industry: 3QI underperformed the German Machinery industry which returned 11.5% over the past year.

Return vs Market: 3QI underperformed the German Market which returned 3.1% over the past year.

Price Volatility

Is 3QI's price volatile compared to industry and market?
3QI volatility
3QI Average Weekly Movement	6.2%
Machinery Industry Average Movement	4.1%
Market Average Movement	4.8%
10% most volatile stocks in DE Market	10.3%
10% least volatile stocks in DE Market	2.5%

Stable Share Price: 3QI has not had significant price volatility in the past 3 months.

Volatility Over Time: 3QI's weekly volatility (6%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
1982	1,425	Knut Nesse	www.akvagroup.com

AKVA group ASA designs, purchases, manufactures, assembles, sells, and installs technology products; and provides rental and consulting services for the aquaculture industry. The company operates through three segments: Sea Based Technology (SBT), Digital, and Land Based Technology (LBT). The SBT segment offers feed barges, steel cages, fish farming cages, feed systems, polyethylene (PE) cages, nets, sensors, cameras, light systems, net cleaning systems, remotely operating vehicles, and mooring systems under the Polarcirkel, Wavemaster, and AKVASmart brands.

AKVA group ASA Fundamentals Summary

How do AKVA group's earnings and revenue compare to its market cap?
3QI fundamental statistics
Market cap	€206.71m
Earnings (TTM)	-€1.18m
Revenue (TTM)	€291.69m

0.7x

P/S Ratio

-175.6x

P/E Ratio

Is 3QI overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
3QI income statement (TTM)
Revenue	NOK 3.34b
Cost of Revenue	NOK 1.89b
Gross Profit	NOK 1.45b
Other Expenses	NOK 1.46b
Earnings	-NOK 13.46m

Last Reported Earnings

Mar 31, 2024

Next Earnings Date

Aug 16, 2024

Earnings per share (EPS)	-0.37
Gross Margin	43.34%
Net Profit Margin	-0.40%
Debt/Equity Ratio	86.8%

How did 3QI perform over the long term?

See historical performance and comparison

3QI Stock Overview

Rewards

Risk Analysis

AKVA group ASA Competitors

XTRA:SKB

€223.7m

XTRA:MXHN

€249.9m

XTRA:GSC1

€180.3m

HMSE:VQT

€321.6m

Price History & Performance

Recent News & Updates

First quarter 2024 earnings released: EPS: kr0.13 (vs kr0.011 in 1Q 2023)

Full year 2023 earnings released: kr0.49 loss per share (vs kr3.61 loss in FY 2022)

Full year 2023 earnings released: kr0.61 loss per share (vs kr3.61 loss in FY 2022)

Now 21% undervalued after recent price drop

Now 22% undervalued after recent price drop

AKVA group ASA, Annual General Meeting, May 02, 2024

Recent updates

First quarter 2024 earnings released: EPS: kr0.13 (vs kr0.011 in 1Q 2023)

Full year 2023 earnings released: kr0.49 loss per share (vs kr3.61 loss in FY 2022)

Full year 2023 earnings released: kr0.61 loss per share (vs kr3.61 loss in FY 2022)

Now 21% undervalued after recent price drop

Now 22% undervalued after recent price drop

AKVA group ASA, Annual General Meeting, May 02, 2024

New major risk - Financial position

Third quarter 2023 earnings released: kr0.082 loss per share (vs kr2.55 loss in 3Q 2022)

AKVA group ASA (OB:AKVA) acquired 51% stake in Submerged As.

Second quarter 2023 earnings released: EPS: kr0.56 (vs kr1.13 loss in 2Q 2022)

First quarter 2023 earnings released: EPS: kr0.011 (vs kr1.10 in 1Q 2022)

High number of new directors

Full year 2022 earnings released: kr3.61 loss per share (vs kr0.34 profit in FY 2021)

Full year 2022 earnings released: kr3.99 loss per share (vs kr0.34 profit in FY 2021)

AKVA group ASA to Report Q3, 2023 Results on Nov 10, 2023

High number of new directors

Third quarter 2022 earnings released: kr2.55 loss per share (vs kr0.43 profit in 3Q 2021)

Chief Executive Officer recently bought €524k worth of stock

Second quarter 2022 earnings released: kr1.13 loss per share (vs kr0.48 profit in 2Q 2021)

AKVA group ASA Provides Earnings Guidance for the Second Quarter of 2022

First quarter 2022 earnings released: EPS: kr1.10 (vs kr0.74 loss in 1Q 2021)

Now 20% undervalued

High number of new and inexperienced directors

Now 21% undervalued after recent price drop

Full year 2021 earnings: EPS in line with analyst expectations despite revenue beat

Now 20% undervalued

Upcoming dividend of kr1.00 per share

AKVA Group ASA Proposes Dividend First Quarter 2022

Akva Group Asa Announces Half-Yearly Dividend, Payable on 11 March 2022

Full year 2021 earnings: EPS in line with analyst expectations despite revenue beat

Now 20% undervalued after recent price drop

Now 20% undervalued after recent price drop

Third quarter 2021 earnings released: EPS kr0.43 (vs kr1.08 in 3Q 2020)

Second quarter 2021 earnings released: EPS kr0.48 (vs kr0.79 in 2Q 2020)

Independent Deputy Chairperson has left the company

First quarter 2021 earnings released: kr0.74 loss per share (vs kr0.63 profit in 1Q 2020)

Full year 2020 earnings released: EPS kr2.74 (vs kr0.44 in FY 2019)

Upcoming dividend of kr1.00 per share

Full year 2020 earnings released: EPS kr2.63 (vs kr0.44 in FY 2019)

Revenue beats expectations

AKVA Group ASA Announces Half-Yearly Dividend, Payable on April 14, 2021

AKVA Group ASA (OB:AKVA) acquired 33.7% stake in Observe Technologies Limited.

New 90-day high: €9.94

New 90-day high: €7.68

AKVA Group ASA to Report Q3, 2021 Results on Nov 05, 2021

Insider recently bought €71k worth of stock

An unknown buyer acquired 11.76% stake in AKVA Group ASA (OB:AKVA) from Wheatsheaf Group Limited.

New 90-day high: €6.58

Revenue misses expectations

Third quarter 2020 earnings released: EPS kr1.08

AKVA Group ASA's Subsidiary AKVA Group Land Based A/S Signs Engineering and Design Contract with the Norwegian Company Ecofisk AS

Anthony James Steps Down as Board Member of AKVA group ASA

New 90-day high: €6.28

AKVA Group ASA (OB:AKVA) completed the acquisition of Austevoll Rorteknikk AS.

Earnings released

AKVA Group ASA (OB:AKVA) cancelled the acquisition of remaining 31.3% stake in AKVA Marine Services AS from minority shareholders.

AKVA Group ASA (OB:AKVA) exercised the option to acquire the remaining 34% stake in Sperre AS from Sperre Group AS for NOK 69.7 million.

New 90-day high - €6.08

Shareholder Returns