Upcoming Dividend • May 18
Upcoming dividend of Kr3.03 per share Eligible shareholders must have bought the stock before 22 May 2026. Payment date: 02 June 2026. Payout ratio is a comfortable 45% and this is well supported by cash flows. Trailing yield: 2.5%. Lower than top quartile of Icelandic dividend payers (4.0%). Lower than average of industry peers (3.6%). New Risk • May 11
New minor risk - Financial position The company has a high level of debt. Net debt to equity ratio: 46% This is considered a minor risk. Having a high level of debt increases the company's balance sheet risk. The company has a higher interest repayment burden, leading to the need to allocate a greater amount of its earnings towards servicing the debt, potentially limiting growth options or shareholder distributions. It can also increase the risk of bankruptcy if business conditions deteriorate enough that the company can no longer meet its debt obligations. Currently, the following risks have been identified for the company: Minor Risks High level of debt (46% net debt to equity). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Declared Dividend • May 04
Dividend increased to Kr3.03 Dividend of Kr3.03 is 33% higher than last year. Ex-date: 22nd May 2026 Payment date: 2nd June 2026 Dividend yield will be 2.5%, which is higher than the industry average of 1.8%. Sustainability & Growth Dividend is well covered by both earnings (29% earnings payout ratio) and cash flows (33% cash payout ratio). The dividend has increased by an average of 3.0% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 26% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Announcement • May 01
Hagar Hf Proposes Dividend for the Financial Year 2025/26, Payable on June 2, 2026 Hagar hf announced that the Annual General Meeting, will be held on 21 May 2026. The Board of Directors proposed that a dividend be paid to shareholders for the financial year 2025/26 corresponding to 50.0% of the Company’s profit after tax, excluding the effect of changes in value of investment property and share of profit of associates, amounting in total to ISK 3,300 million, as stated in the Company’s financial statements. The dividend amounts to ISK 3.03 per outstanding share. If approved, the record date for dividend entitlement will be 26 May 2026, meaning that entitlement will be based on the Company’s share register at the end of that trading day. The ex-dividend date, i.e. the date on which trading in the company’s shares begins without the right to a dividend for the 2025/26 financial year, will therefore be 22 May 2026 or the next trading day following the AGM. The payment date will be 2 June 2026. Announcement • Apr 30
Hagar hf, Annual General Meeting, May 21, 2026 Hagar hf, Annual General Meeting, May 21, 2026. Location: hilton reykjavik nordica vox club, suaurlandsbraut 2, reykjavik, Iceland Reported Earnings • Apr 17
Full year 2026 earnings released: EPS: Kr6.77 (vs Kr6.47 in FY 2025) Full year 2026 results: EPS: Kr6.77 (up from Kr6.47 in FY 2025). Revenue: Kr197.0b (up 9.3% from FY 2025). Net income: Kr7.39b (up 5.2% from FY 2025). Profit margin: 3.8% (down from 3.9% in FY 2025). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 23% per year and the company’s share price has also increased by 23% per year. Announcement • Apr 10
Hagar hf to Report Fiscal Year 2026 Results on Apr 29, 2026 Hagar hf announced that they will report fiscal year 2026 results at 9:30 AM, Greenwich Standard Time on Apr 29, 2026 Reported Earnings • Jan 16
Third quarter 2026 earnings released: EPS: Kr1.55 (vs Kr1.29 in 3Q 2025) Third quarter 2026 results: EPS: Kr1.55 (up from Kr1.29 in 3Q 2025). Revenue: Kr49.1b (up 12% from 3Q 2025). Net income: Kr1.69b (up 22% from 3Q 2025). Profit margin: 3.4% (up from 3.2% in 3Q 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 23% per year and the company’s share price has also increased by 23% per year. Reported Earnings • Oct 17
Second quarter 2026 earnings released Second quarter 2026 results: Revenue: Kr51.8b (up 11% from 2Q 2025). Net income: Kr2.56b (up 48% from 2Q 2025). Profit margin: 4.9% (up from 3.7% in 2Q 2025). The increase in margin was driven by higher revenue. Reported Earnings • Jun 30
First quarter 2026 earnings released: EPS: Kr1.06 (vs Kr0.78 in 1Q 2025) First quarter 2026 results: EPS: Kr1.06 (up from Kr0.78 in 1Q 2025). Revenue: Kr48.1b (up 9.2% from 1Q 2025). Net income: Kr1.17b (up 37% from 1Q 2025). Profit margin: 2.4% (up from 1.9% in 1Q 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 16% per year and the company’s share price has also increased by 16% per year. New Risk • Jun 14
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Icelandic stocks, typically moving 4.1% a week. This is considered a minor risk. Share price volatility indicates 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. It also 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. Currently, the following risks have been identified for the company: Minor Risks High level of debt (55% net debt to equity). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (4.1% average weekly change). Declared Dividend • May 26
Dividend reduced to Kr2.28 Dividend of Kr2.28 is 2.1% lower than last year. Ex-date: 28th May 2025 Payment date: 5th June 2025 Dividend yield will be 2.2%, which is higher than the industry average of 1.8%. Sustainability & Growth Dividend is well covered by both earnings (36% earnings payout ratio) and cash flows (31% cash payout ratio). The dividend has increased by an average of 3.1% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 20% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Announcement • May 24
Hagar hf announces Annual dividend, payable on June 05, 2025 Hagar hf announced Annual dividend of ISK 2.2800 per share payable on June 05, 2025, ex-date on May 28, 2025 and record date on May 30, 2025. New Risk • May 02
New major risk - Financial position The company's interest payments are not well covered by earnings. Net interest cover: 2.9x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (2.9x net interest cover). Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Reported Earnings • Apr 17
Full year 2025 earnings released: EPS: Kr6.49 (vs Kr4.59 in FY 2024) Full year 2025 results: EPS: Kr6.49 (up from Kr4.59 in FY 2024). Revenue: Kr180.3b (up 4.1% from FY 2024). Net income: Kr7.03b (up 39% from FY 2024). Profit margin: 3.9% (up from 2.9% in FY 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 13% per year whereas the company’s share price has increased by 10% per year. Buy Or Sell Opportunity • Apr 03
Now 22% undervalued after recent price drop Over the last 90 days, the stock has fallen 7.5% to Kr98.00. The fair value is estimated to be Kr125, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 9.8% over the last 3 years. Earnings per share has grown by 8.8%. Buy Or Sell Opportunity • Feb 12
Now 21% undervalued Over the last 90 days, the stock has risen 11% to Kr107. The fair value is estimated to be Kr135, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 9.8% over the last 3 years. Earnings per share has grown by 8.8%. New Risk • Jan 23
New major risk - Financial position The company's interest payments are not well covered by earnings. Net interest cover: 2.9x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (2.9x net interest cover). Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Reported Earnings • Jan 18
Third quarter 2025 earnings released: EPS: Kr1.28 (vs Kr1.03 in 3Q 2024) Third quarter 2025 results: EPS: Kr1.28 (up from Kr1.03 in 3Q 2024). Revenue: Kr43.7b (flat on 3Q 2024). Net income: Kr1.39b (up 25% from 3Q 2024). Profit margin: 3.2% (up from 2.6% in 3Q 2024). Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has increased by 15% per year, which means it is tracking significantly ahead of earnings growth. New Risk • Jan 09
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Icelandic stocks, typically moving 3.5% a week. This is considered a minor risk. Share price volatility indicates 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. It also 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. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (2.7x net interest cover). Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (3.5% average weekly change). New Risk • Oct 22
New major risk - Financial position The company's interest payments are not well covered by earnings. Net interest cover: 2.7x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (2.7x net interest cover). Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Reported Earnings • Oct 18
Second quarter 2025 earnings released: EPS: Kr1.59 (vs Kr1.88 in 2Q 2024) Second quarter 2025 results: EPS: Kr1.59 (down from Kr1.88 in 2Q 2024). Revenue: Kr46.6b (up 2.8% from 2Q 2024). Net income: Kr1.72b (down 17% from 2Q 2024). Profit margin: 3.7% (down from 4.6% in 2Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 10% per year whereas the company’s share price has increased by 9% per year. New Risk • Sep 04
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Icelandic stocks, typically moving 3.1% a week. This is considered a minor risk. Share price volatility indicates 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. It also 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. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (3.0x net interest cover). Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (3.1% average weekly change). New Risk • Jul 23
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Icelandic stocks, typically moving 3.3% a week. This is considered a minor risk. Share price volatility indicates 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. It also 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. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (3.0x net interest cover). Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (3.3% average weekly change). Reported Earnings • Jul 01
First quarter 2025 earnings released: EPS: Kr0.78 (vs Kr0.59 in 1Q 2024) First quarter 2025 results: EPS: Kr0.78 (up from Kr0.59 in 1Q 2024). Revenue: Kr44.1b (up 6.2% from 1Q 2024). Net income: Kr850.0m (up 30% from 1Q 2024). Profit margin: 1.9% (up from 1.6% in 1Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 13% per year whereas the company’s share price has increased by 9% per year. Reported Earnings • Apr 24
Full year 2024 earnings released: EPS: Kr4.59 (vs Kr4.40 in FY 2023) Full year 2024 results: EPS: Kr4.59 (up from Kr4.40 in FY 2023). Revenue: Kr173.3b (up 7.0% from FY 2023). Net income: Kr5.04b (up 1.9% from FY 2023). Profit margin: 2.9% (down from 3.1% in FY 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth. New Risk • Feb 09
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Icelandic stocks, typically moving 3.8% a week. This is considered a minor risk. Share price volatility indicates 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. It also 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. Currently, the following risks have been identified for the company: Minor Risks High level of debt (58% net debt to equity). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (3.8% average weekly change). New Risk • Jul 09
New major risk - Financial position The company's interest payments are not well covered by earnings. Net interest cover: 3.0x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (3.0x net interest cover). Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Reported Earnings • Jul 01
First quarter 2024 earnings released: EPS: Kr0.59 (vs Kr0.82 in 1Q 2023) First quarter 2024 results: EPS: Kr0.59 (down from Kr0.82 in 1Q 2023). Revenue: Kr41.5b (up 8.6% from 1Q 2023). Net income: Kr653.0m (down 30% from 1Q 2023). Profit margin: 1.6% (down from 2.4% in 1Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 29% per year but the company’s share price has only increased by 10% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • May 26
Upcoming dividend of Kr2.24 per share at 3.0% yield Eligible shareholders must have bought the stock before 02 June 2023. Payment date: 13 June 2023. Payout ratio is a comfortable 46% and this is well supported by cash flows. Trailing yield: 3.0%. Lower than top quartile of Icelandic dividend payers (5.3%). Lower than average of industry peers (4.5%). Reported Earnings • Jan 17
Third quarter 2023 earnings released: EPS: Kr0.82 (vs Kr0.73 in 3Q 2022) Third quarter 2023 results: EPS: Kr0.82 (up from Kr0.73 in 3Q 2022). Revenue: Kr40.2b (up 20% from 3Q 2022). Net income: Kr910.0m (up 8.2% from 3Q 2022). Profit margin: 2.3% (down from 2.5% in 3Q 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 26% 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 16
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 5 non-independent directors. Chairman of the Board Davíð Harðarson was the last director to join the board, commencing their role in 2020. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Upcoming Dividend • May 26
Upcoming dividend of Kr2.00 per share Eligible shareholders must have bought the stock before 02 June 2022. Payment date: 15 June 2022. Payout ratio is a comfortable 37% and this is well supported by cash flows. Trailing yield: 1.9%. Lower than top quartile of Icelandic dividend payers (5.5%). Lower than average of industry peers (4.5%). Reported Earnings • May 06
Full year 2022 earnings released Full year 2022 results: Revenue: Kr135.8b (up 14% from FY 2021). Net income: Kr3.99b (up 58% from FY 2021). Profit margin: 2.9% (up from 2.1% in FY 2021). The increase in margin was driven by higher revenue. Board Change • Apr 27
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 5 non-independent directors. Chairman of the Board Davíð Harðarson was the last director to join the board, commencing their role in 2020. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Jan 14
Third quarter 2022 earnings: Revenues and EPS in line with analyst expectations Third quarter 2022 results: EPS: Kr0.73 (up from Kr0.37 in 3Q 2021). Revenue: Kr33.6b (up 13% from 3Q 2021). Net income: Kr841.0m (up 88% from 3Q 2021). Profit margin: 2.5% (up from 1.5% in 3Q 2021). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. 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 17% per year. Reported Earnings • Oct 22
Second quarter 2022 earnings released: EPS Kr1.48 (vs Kr1.12 in 2Q 2021) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2022 results: Revenue: Kr34.9b (up 13% from 2Q 2021). Net income: Kr1.71b (up 29% from 2Q 2021). Profit margin: 4.9% (up from 4.3% in 2Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 11% per year whereas the company’s share price has increased by 9% per year. Upcoming Dividend • May 29
Inaugural dividend of Kr1.27 per share Eligible shareholders must have bought the stock before 04 June 2021. Payment date: 16 June 2021. The company last paid an ordinary dividend in January 2020. The average dividend yield among industry peers is 4.0%. Reported Earnings • May 15
Full year 2021 earnings released: EPS Kr2.15 (vs Kr2.54 in FY 2020) The company reported a soft full year result with weaker earnings and profit margins, although revenues improved. Full year 2021 results: Revenue: Kr119.6b (up 2.8% from FY 2020). Net income: Kr2.52b (down 17% from FY 2020). Profit margin: 2.1% (down from 2.6% in FY 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has increased by 10% per year, which means it is tracking significantly ahead of earnings growth. Is New 90 Day High Low • Mar 03
New 90-day low: Kr55.70 The company is down 1.0% from its price of Kr56.40 on 03 December 2020. The Icelandic market is up 22% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Consumer Retailing industry, which is down 3.0% over the same period. Announcement • Jan 19
Hagar hf, Annual General Meeting, Jun 02, 2022 Hagar hf, Annual General Meeting, Jun 02, 2022. Reported Earnings • Jan 16
Third quarter 2021 earnings released: EPS Kr0.37 The company reported a soft third quarter result with weaker earnings and profit margins, although revenues were improved. Third quarter 2021 results: Revenue: Kr29.8b (up 5.5% from 3Q 2020). Net income: Kr448.0m (down 29% from 3Q 2020). Profit margin: 1.5% (down from 2.2% in 3Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has increased by 13% per year, which means it is well ahead of earnings. Announcement • Jan 13
Hagar hf, Annual General Meeting, Jun 03, 2021 Hagar hf, Annual General Meeting, Jun 03, 2021. Is New 90 Day High Low • Dec 31
New 90-day high: Kr60.10 The company is up 16% from its price of Kr52.00 on 02 October 2020. The Icelandic market is up 26% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Consumer Retailing industry, which is up 3.0% over the same period. Is New 90 Day High Low • Dec 03
New 90-day high: Kr56.40 The company is up 13% from its price of Kr49.70 on 04 September 2020. The Icelandic market is up 11% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Consumer Retailing industry, which is up 2.0% over the same period. Reported Earnings • Nov 04
Second quarter 2021 earnings released: EPS Kr1.12 The company reported a decent second quarter result with improved earnings and profit margins, although revenues were flat. Second quarter 2021 results: Revenue: Kr30.9b (flat on 2Q 2020). Net income: Kr1.32b (up 25% from 2Q 2020). Profit margin: 4.3% (up from 3.4% in 2Q 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 6% per year but the company’s share price has increased by 13% per year, which means it is well ahead of earnings. Is New 90 Day High Low • Oct 19
New 90-day high: Kr53.00 The company is up 7.0% from its price of Kr49.60 on 20 July 2020. The Icelandic market is up 5.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Consumer Retailing industry, which is up 3.0% over the same period. Is New 90 Day High Low • Sep 30
New 90-day high: Kr51.00 The company is up 3.0% from its price of Kr49.50 on 02 July 2020. The Icelandic market is down 1.0% over the last 90 days, indicating the company outperformed over that time. However, its price trend is similar to the Consumer Retailing industry, which is also up 3.0% over the same period.