AKVA group ASA
BST:3QI Stock Report
AKVA group Balance Sheet Health
Financial Health criteria checks 2/6 AKVA group has a total shareholder equity of NOK1.3B and total debt of NOK1.0B, which brings its debt-to-equity ratio to 80.1%. Its total assets and total liabilities are NOK4.0B and NOK2.7B respectively. AKVA group's EBIT is NOK221.9M making its interest coverage ratio 2.3. It has cash and short-term investments of NOK168.6M.
Key information
80.1%
Debt to equity ratio
Interest coverage ratio 2.3x Cash NOK 168.62m Equity NOK 1.30b Total liabilities NOK 2.72b Total assets NOK 4.02b
Recent financial health updates
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Third quarter 2024 earnings released: EPS: kr2.44 (vs kr0.082 loss in 3Q 2023) Nov 08
Second quarter 2024 earnings released: EPS: kr0.73 (vs kr0.56 in 2Q 2023) Aug 18
AKVA group ASA Provides Earnings Guidance for 2024 Aug 16
First quarter 2024 earnings released: EPS: kr0.13 (vs kr0.011 in 1Q 2023) May 03
Full year 2023 earnings released: kr0.49 loss per share (vs kr3.61 loss in FY 2022) Mar 19
Full year 2023 earnings released: kr0.61 loss per share (vs kr3.61 loss in FY 2022) Feb 18
Now 21% undervalued after recent price drop Jan 22
Now 22% undervalued after recent price drop Jan 02 AKVA group ASA, Annual General Meeting, May 02, 2024
New major risk - Financial position Nov 12
Third quarter 2023 earnings released: kr0.082 loss per share (vs kr2.55 loss in 3Q 2022) Nov 12
AKVA group ASA (OB:AKVA) acquired 51% stake in Submerged As. Aug 22
Second quarter 2023 earnings released: EPS: kr0.56 (vs kr1.13 loss in 2Q 2022) Aug 13
First quarter 2023 earnings released: EPS: kr0.011 (vs kr1.10 in 1Q 2022) May 14
High number of new directors Mar 21
Full year 2022 earnings released: kr3.61 loss per share (vs kr0.34 profit in FY 2021) Mar 17
Full year 2022 earnings released: kr3.99 loss per share (vs kr0.34 profit in FY 2021) Feb 13 AKVA group ASA to Report Q3, 2023 Results on Nov 10, 2023
High number of new directors Nov 16
Third quarter 2022 earnings released: kr2.55 loss per share (vs kr0.43 profit in 3Q 2021) Nov 05
Chief Executive Officer recently bought €524k worth of stock Sep 03
Second quarter 2022 earnings released: kr1.13 loss per share (vs kr0.48 profit in 2Q 2021) Aug 12
AKVA group ASA Provides Earnings Guidance for the Second Quarter of 2022 Aug 04
First quarter 2022 earnings released: EPS: kr1.10 (vs kr0.74 loss in 1Q 2021) May 15
Now 20% undervalued Apr 28
High number of new and inexperienced directors Apr 27
Now 21% undervalued after recent price drop Apr 04
Full year 2021 earnings: EPS in line with analyst expectations despite revenue beat Mar 18
Now 20% undervalued Mar 04
Upcoming dividend of kr1.00 per share Feb 24
AKVA Group ASA Proposes Dividend First Quarter 2022 Feb 13
Akva Group Asa Announces Half-Yearly Dividend, Payable on 11 March 2022 Feb 12
Full year 2021 earnings: EPS in line with analyst expectations despite revenue beat Feb 12
Now 20% undervalued after recent price drop Feb 08
Now 20% undervalued after recent price drop Jan 25
Third quarter 2021 earnings released: EPS kr0.43 (vs kr1.08 in 3Q 2020) Nov 07
Second quarter 2021 earnings released: EPS kr0.48 (vs kr0.79 in 2Q 2020) Aug 14
Independent Deputy Chairperson has left the company May 12
First quarter 2021 earnings released: kr0.74 loss per share (vs kr0.63 profit in 1Q 2020) May 08
Full year 2020 earnings released: EPS kr2.74 (vs kr0.44 in FY 2019) Apr 17
Upcoming dividend of kr1.00 per share Mar 31
Full year 2020 earnings released: EPS kr2.63 (vs kr0.44 in FY 2019) Mar 13
Revenue beats expectations Mar 13
AKVA Group ASA Announces Half-Yearly Dividend, Payable on April 14, 2021 Mar 13
AKVA Group ASA (OB:AKVA) acquired 33.7% stake in Observe Technologies Limited. Feb 10
New 90-day high: €9.94 Dec 29
New 90-day high: €7.68 Dec 12 AKVA Group ASA to Report Q3, 2021 Results on Nov 05, 2021
Insider recently bought €71k worth of stock Nov 26
An unknown buyer acquired 11.76% stake in AKVA Group ASA (OB:AKVA) from Wheatsheaf Group Limited. Nov 20
New 90-day high: €6.58 Nov 10
Revenue misses expectations Nov 07
Third quarter 2020 earnings released: EPS kr1.08 Nov 07
AKVA Group ASA's Subsidiary AKVA Group Land Based A/S Signs Engineering and Design Contract with the Norwegian Company Ecofisk AS Nov 06
Anthony James Steps Down as Board Member of AKVA group ASA Oct 08
New 90-day high: €6.28 Sep 22
AKVA Group ASA (OB:AKVA) completed the acquisition of Austevoll Rorteknikk AS. Aug 17
Earnings released Aug 16
AKVA Group ASA (OB:AKVA) cancelled the acquisition of remaining 31.3% stake in AKVA Marine Services AS from minority shareholders. Jul 31
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. Jul 30
New 90-day high - €6.08 Jul 21
Financial Position Analysis
Short Term Liabilities: 3QI's short term assets (NOK1.4B) exceed its short term liabilities (NOK1.2B).
Long Term Liabilities: 3QI's short term assets (NOK1.4B) do not cover its long term liabilities (NOK1.6B).
Debt to Equity History and Analysis
Debt Level: 3QI's net debt to equity ratio (67.1%) is considered high .
Reducing Debt: 3QI's debt to equity ratio has increased from 74.8% to 80.1% over the past 5 years.
Debt Coverage: 3QI's debt is well covered by operating cash flow (32.2%).
Interest Coverage: 3QI's interest payments on its debt are not well covered by EBIT (2.3x coverage).
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