Marel hf
Market Cap
ISK417.9b
Last Updated
2019/10/16 19:30 UTC
Data Sources
Company Financials +
Executive Summary
Marel hf. develops, manufactures, sells, and distributes equipment, systems, and services for poultry, fish, and meat industries.
Snowflake
Fundamentals
Excellent balance sheet with proven track record.
Similar Companies
Share Price & News
How has Marel hf's share price performed over time and what events caused price changes?
Latest Share Price and Events
Market Performance
7 Day Return
0.5%
MAREL
3.6%
IS Machinery
-1.2%
IS Market
1 Year Return
42.9%
MAREL
-2.4%
IS Machinery
11.3%
IS Market
Shareholder returns
| MAREL | Industry | Market | |
|---|---|---|---|
| 7 Day | 0.5% | 3.6% | -1.2% |
| 30 Day | -3.2% | -3.4% | -3.0% |
| 90 Day | -9.6% | 0.4% | -9.4% |
| 1 Year | 45.1%42.9% | 0.8%-2.4% | 14.2%11.3% |
| 3 Year | 129.8%121.4% | 21.1%8.8% | 22.2%15.6% |
| 5 Year | 454.4%426.9% | 58.1%33.9% | 106.2%80.3% |
Price Volatility Vs. Market
How volatile is Marel hf's share price compared to the market and industry in the last 5 years?
Simply Wall St News
No news available
Valuation
Is Marel hf undervalued compared to its fair value and its price relative to the market?
20.37x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Undervalued: MAREL (ISK548) is trading above our estimate of fair value (ISK468.02)
Significantly Undervalued: MAREL is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: MAREL is poor value based on its PE Ratio (20.4x) compared to the Machinery industry average (15.7x).
PE vs Market: MAREL is poor value based on its PE Ratio (20.4x) compared to the IS market (11.5x).
Price to Earnings Growth Ratio
Low PEG Ratio: MAREL is poor value based on its PEG Ratio (2.3x)
Price to Book Ratio
PB vs Industry: MAREL is overvalued based on its PB Ratio (3.3x) compared to the XE Machinery industry average (1.5x).
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Future Growth
How is Marel hf forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?
8.9%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: MAREL's forecast earnings growth (8.9% per year) is above the savings rate (2.7%).
Earnings vs Market: MAREL's earnings (8.9% per year) are forecast to grow faster than the IS market (8.6% per year).
High Growth Earnings: MAREL's earnings are forecast to grow, but not significantly.
Revenue vs Market: MAREL's revenue (6% per year) is forecast to grow faster than the IS market (4.3% per year).
High Growth Revenue: MAREL's revenue (6% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Information is not available.
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Past Performance
How has Marel hf performed over the past 5 years?
34.0%
Historical annual earnings growth
Earnings and Revenue History
Past Earnings Growth Analysis
Earnings Trend: MAREL's earnings have grown significantly by 34% per year over the past 5 years.
Accelerating Growth: MAREL's earnings growth over the past year (14.4%) is below its 5-year average (34% per year).
Earnings vs Industry: MAREL earnings growth over the past year (14.4%) exceeded the Machinery industry 4.3%.
Return on Equity
High ROE: MAREL's Return on Equity (14.4%) is considered low.
Return on Assets
ROA vs Industry: MAREL has a higher Return on Assets than the Machinery industry average last year.
Return on Capital Employed
ROCE Improving: MAREL has significantly improved its Return on Capital Employed over the past 3 years.
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Financial Health
How is Marel hf's financial position?
Financial Position Analysis
Short Term Liabilities: MAREL's short term assets (€705.4M) exceeds its short term liabilities (€492.5M)
Long Term Liabilities: MAREL's short term assets (705.4M) exceeds its long term liabilities (440.9M)
Debt to Equity History and Analysis
Debt Level: MAREL's debt to equity ratio (40.3%) is considered high
Reducing Debt: MAREL's debt to equity ratio has reduced from 54.4% to 40.3% over the past 5 years.
Debt Coverage: MAREL's debt is well covered by operating cash flow (35.7%).
Interest Coverage: MAREL's interest payments on its debt are well covered by EBIT (20.4x coverage).
Balance Sheet
Information is not available.
Information is not available.
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Dividend
What is Marel hf's current dividend yield, its reliability and sustainability?
1.41%
Current Dividend Yield
Dividend Yield vs Market
Current dividend yield vs market & industry
Stability and Growth of Payments
Notable Dividend: MAREL's dividend (1.41%) isn’t notable compared to the bottom 25% of dividend payers in the IS market (2.07%).
High Dividend: MAREL's dividend (1.41%) is low compared to the top 25% of dividend payers in the IS market (3.37%).
Stable Dividend: MAREL is not paying a notable dividend for the IS market, therefore no need to check if payments are stable.
Growing Dividend: MAREL is not paying a notable dividend for the IS market, therefore no need to check if payments are increasing.
Current Payout to Shareholders
Dividend Coverage: MAREL is not paying a notable dividend for the IS market.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of MAREL's dividend in 3 years as they are not forecast to pay a notable one for the IS market.
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Management
What is the CEO of Marel hf's salary, the management and board of directors tenure and is there insider trading?
5.4yrs
Average management tenure
CEO
Arni Thordarson (50yo)
5.9yrs
Tenure
€447,000
Compensation
Mr. Arni Oddur Thordarson has been the Chief Executive Officer of Marel hf since October 31, 2013. Mr. Thordarson is the Founder of LME eignarhaldsfélag ehf. He has over 15 years of extensive experience on ...
CEO Compensation Analysis
Information is not available.
Compensation vs Earnings: Arni's compensation has increased by more than 20% in the past year.
Management Age and Tenure
5.4yrs
Average Tenure
46.5yo
Average Age
Experienced Management: MAREL's management team is seasoned and experienced (5.4 years average tenure).
Board Age and Tenure
5.9yrs
Average Tenure
63yo
Average Age
Experienced Board: MAREL's board of directors are considered experienced (5.9 years average tenure).
Insider Trading
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Ownership Breakdown
Management Team
Linda Jonsdottir (41yo)
Chief Financial Officer
- Tenure: 5yrs
- Compensation: €46.00k
Arni Thordarson (50yo)
Chief Executive Officer
- Tenure: 5.9yrs
- Compensation: €447.00k
Einar Einarsson (51yo)
Executive Vice President of Global Markets
- Tenure: 1.3yrs
David Oddsson (44yo)
Executive Vice President of Human Resources
- Tenure: 6.8yrs
David Wilson (47yo)
Managing Director (EVP) of Meat
- Tenure: 8yrs
- Compensation: €232.00k
Howard Sims
Managing Director of the Grimsby Plant
- Tenure: 0yrs
Rob Smith
Head of Operations
- Tenure: 0yrs
Sigurður Ólason (46yo)
Managing Director of Fish and Executive Vice President of Fish
- Tenure: 5.4yrs
- Compensation: €127.00k
Audbjorg Olafsdottir
Corporate Director of Investor Relations & Communications
- Tenure: 5yrs
Arni Sigurdsson
Executive Vice President of Strategy & Development
- Tenure: 0yrs
Board Members
Helgi Magnusson (70yo)
Director
- Tenure: 14.8yrs
- Compensation: €32.00k
Ann Savage (63yo)
Director
- Tenure: 6.6yrs
- Compensation: €32.00k
Magnús Ólason
Director of Marel UK
- Tenure: 0yrs
Diego Lages
Director of Marel Spain
- Tenure: 0yrs
Thorkild Christensen
Managing Director of Carnitech A/S and Director of Carnitech A/S
- Tenure: 0yrs
- Compensation: €201.00k
Ásthildur Otharsdóttir (51yo)
Chairman of the Board
- Tenure: 5.9yrs
- Compensation: €97.00k
Margret Jonsdottir (65yo)
Director
- Tenure: 13.8yrs
- Compensation: €32.00k
Arnar Másson (48yo)
Vice Chairman
- Tenure: 5.9yrs
- Compensation: €65.00k
Astvaldur Johannesson
Director
- Tenure: 5.6yrs
- Compensation: €27.00k
Olafur Gudmundsson
Director
- Tenure: 5.6yrs
- Compensation: €27.00k
Company Information
Marel hf.'s company bio, employee growth, exchange listings and data sources
Key Information
- Name: Marel hf.
- Ticker: MAREL
- Exchange: ICSE
- Founded: 1977
- Industry: Industrial Machinery
- Sector: Capital Goods
- Market Cap: ISK417.935b
- Shares outstanding: 759.88m
- Website: https://marel.com
Number of Employees
Location
- Marel hf.
- Austurhraun 9
- Garðabær
- 210
- Iceland
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| MAREL | ICSE (OMX Nordic Exchange Iceland) | Yes | Ordinary Shares | IS | ISK | Nov 1995 |
| 0MDB | LSE (London Stock Exchange) | Yes | Ordinary Shares | GB | ISK | Nov 1995 |
| MAREL | ENXTAM (Euronext Amsterdam) | Yes | Ordinary Shares | NL | EUR | Nov 1995 |
| MARELA | BATS-CHIXE (BATS 'Chi-X Europe') | Yes | Ordinary Shares | GB | EUR | Nov 1995 |
| MAREL N | BMV (Bolsa Mexicana de Valores) | Yes | Ordinary Shares | MX | MXN | Nov 1995 |
Biography
Marel hf. develops, manufactures, sells, and distributes equipment, systems, and services for poultry, fish, and meat industries. The company’s Poultry Processing segment offers integrated systems for proc ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2019/10/16 19:30 |
| End of Day Share Price | 2019/10/15 00:00 |
| Earnings | 2019/06/30 |
| Annual Earnings | 2018/12/31 |
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.