Marel hf
Market Cap
Kr549.9b
Last Updated
2020/10/27 19:38 UTC
Data Sources
Company Financials +
Executive Summary
Marel hf. develops, manufactures, sells, and distributes processing equipment, systems, software, and services for poultry, meat, and fish industries. More Details
Rewards
Risk Analysis
Snowflake Analysis
Flawless balance sheet with reasonable growth potential.
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
Stable Share Price: MAREL has not had significant price volatility in the past 3 months.
Market Performance
7 Day Return
-0.3%
MAREL
-3.2%
IS Machinery
0.8%
IS Market
1 Year Return
25.2%
MAREL
4.4%
IS Machinery
3.9%
IS Market
Return vs Industry: MAREL exceeded the IS Machinery industry which returned 4.4% over the past year.
Return vs Market: MAREL exceeded the IS Market which returned 3.9% over the past year.
Shareholder returns
| MAREL | Industry | Market | |
|---|---|---|---|
| 7 Day | -0.3% | -3.2% | 0.8% |
| 30 Day | 9.7% | 1.3% | 9.0% |
| 90 Day | 2.1% | 2.6% | 2.6% |
| 1 Year | 27.4%25.2% | 7.3%4.4% | 5.0%3.9% |
| 3 Year | 121.9%111.8% | 0.8%-9.8% | -4.2%-7.5% |
| 5 Year | 244.2%223.1% | 56.5%33.2% | -26.8%-31.2% |
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
5 days ago | Simply Wall St
The Marel hf. (ICE:MAREL) Third-Quarter Results Are Out And Analysts Have Published New Forecasts1 week ago | Simply Wall St
Marel hf.'s (ICE:MAREL) Has Had A Decent Run On The Stock market: Are Fundamentals In The Driver's Seat?3 weeks ago | Simply Wall St
How Should Investors Feel About Marel hf's (ICE:MAREL) CEO Remuneration?Valuation
Is Marel hf undervalued compared to its fair value and its price relative to the market?
40.14x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: MAREL (ISK735) is trading above our estimate of fair value (ISK475.27)
Significantly Below Fair Value: 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 (40.1x) compared to the XE Machinery industry average (21.8x).
PE vs Market: MAREL is poor value based on its PE Ratio (40.1x) compared to the IS market (18.1x).
Price to Earnings Growth Ratio
PEG Ratio: MAREL is poor value based on its PEG Ratio (1.4x)
Price to Book Ratio
PB vs Industry: MAREL is overvalued based on its PB Ratio (3.6x) compared to the XE Machinery industry average (1.5x).
Next Steps
Future Growth
How is Marel hf forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?
27.9%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: MAREL's forecast earnings growth (27.9% per year) is above the savings rate (5.1%).
Earnings vs Market: MAREL's earnings (27.9% per year) are forecast to grow faster than the IS market (22% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: MAREL's revenue (10.1% per year) is forecast to grow faster than the IS market (6% per year).
High Growth Revenue: MAREL's revenue (10.1% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: MAREL's Return on Equity is forecast to be low in 3 years time (15%).
Next Steps
Past Performance
How has Marel hf performed over the past 5 years?
13.2%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: MAREL has high quality earnings.
Growing Profit Margin: MAREL's current net profit margins (6.9%) are lower than last year (10.6%).
Past Earnings Growth Analysis
Earnings Trend: MAREL's earnings have grown by 13.2% per year over the past 5 years.
Accelerating Growth: MAREL's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: MAREL had negative earnings growth (-39.2%) over the past year, making it difficult to compare to the Machinery industry average (-22.6%).
Return on Equity
High ROE: MAREL's Return on Equity (9.1%) is considered low.
Next Steps
Financial Health
How is Marel hf's financial position?
Financial Position Analysis
Short Term Liabilities: MAREL's short term assets (€472.8M) exceed its short term liabilities (€452.0M).
Long Term Liabilities: MAREL's short term assets (€472.8M) exceed its long term liabilities (€243.2M).
Debt to Equity History and Analysis
Debt Level: MAREL's debt to equity ratio (15.6%) is considered satisfactory.
Reducing Debt: MAREL's debt to equity ratio has reduced from 56.2% to 15.6% over the past 5 years.
Debt Coverage: MAREL's debt is well covered by operating cash flow (140.8%).
Interest Coverage: MAREL's interest payments on its debt are well covered by EBIT (20.4x coverage).
Balance Sheet
Next Steps
Dividend
What is Marel hf current dividend yield, its reliability and sustainability?
1.30%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: MAREL's dividend (1.3%) isn’t notable compared to the bottom 25% of dividend payers in the IS market (1.3%).
High Dividend: MAREL's dividend (1.3%) is low compared to the top 25% of dividend payers in the IS market (3.26%).
Stability and Growth of Payments
Stable Dividend: MAREL has been paying a dividend for less than 10 years and during this time payments have been volatile.
Growing Dividend: MAREL's dividend payments have increased, but the company has only paid a dividend for 8 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonable payout ratio (52.3%), MAREL's dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
3.3yrs
Average management tenure
CEO
Árni Thórdarson (51 yo)
6.92yrs
Tenure
€1,279,000
Compensation
Mr. Árni Oddur Thórdarson has been the Chief Executive Officer of Marel hf since October 31, 2013. Mr. Thórdarson is the Founder of LME eignarhaldsfélag ehf. He has over 15 years of extensive experience on ...
CEO Compensation Analysis
Compensation vs Market: Árni's total compensation ($USD1.51M) is about average for companies of similar size in the IS market ($USD1.78M).
Compensation vs Earnings: Árni's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chief Executive Officer | 6.92yrs | €1.28m | 0.018% € 96.9m | |
| CFO and Executive VP of Finance | 6yrs | €46.00k | no data | |
| Corporate Director of Investor Relations & Communications | 6yrs | no data | no data | |
| Executive Vice President of Global Markets & Services | 0.58yr | no data | no data | |
| Executive Vice President of Marel Meat | 9yrs | €232.00k | no data | |
| Managing Director of the Grimsby Plant | no data | no data | no data | |
| Head of Operations | no data | no data | no data | |
| Chief Strategy Officer & Executive VP of Strategic Business Units | no data | no data | no data | |
| Executive Vice President of Global Supply Chain | 3.33yrs | no data | no data | |
| Executive Vice President of Marel Poultry | 1.08yrs | no data | no data | |
| Executive Vice President of Innovation | 0.58yr | no data | no data | |
| Executive Vice President of Marel Fish | 0.58yr | no data | no data |
3.3yrs
Average Tenure
48yo
Average Age
Experienced Management: MAREL's management team is considered experienced (3.3 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Managing Director of Carnitech A/S and Director of Carnitech A/S | no data | €201.00k | no data | |
| Independent Director | 7.58yrs | €60.00k | no data | |
| Director of Marel UK | no data | no data | no data | |
| Director of Marel Spain | no data | no data | no data | |
| Director of Marel Australia | no data | no data | no data | |
| Director of Marel Deutschland & Marel TVM | no data | no data | no data | |
| Independent Chairman of the Board | 6.92yrs | €156.00k | no data | |
| Independent Vice Chairman | 6.92yrs | €108.00k | no data | |
| Director | 0.58yr | no data | no data | |
| Independent Director | 6.58yrs | €60.00k | no data | |
| Director | 1.58yrs | €50.00k | no data | |
| Director | 0.17yr | no data | no data |
6.6yrs
Average Tenure
51yo
Average Age
Experienced Board: MAREL's board of directors are considered experienced (6.6 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
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: Kr549.895b
- Shares outstanding: 748.16m
- 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 processing equipment, systems, software, and services for poultry, meat, and fish industries. The company’s Poultry Processing segment offers integr ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/10/27 19:38 |
| End of Day Share Price | 2020/10/27 00:00 |
| Earnings | 2020/09/30 |
| Annual Earnings | 2019/12/31 |
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.