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FEST

Festi hf ICSE:FESTI Stock Report

Last Price

Kr226.00

Market Cap

Kr72.1b

7D

1.8%

1Y

11.3%

Updated

14 Aug, 2022

Data

Company Financials
FESTI fundamental analysis
Snowflake Score
Valuation1/6
Future Growth0/6
Past Performance5/6
Financial Health3/6
Dividends3/6

FESTI Stock Overview

Festi hf., together with its subsidiaries, engages in the retail sale of fuel in Iceland.

Festi hf Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Festi hf
Historical stock prices
Current Share PriceKr226.00
52 Week HighKr248.00
52 Week LowKr196.50
Beta0.27
1 Month Change2.73%
3 Month Change4.15%
1 Year Change11.33%
3 Year Change81.53%
5 Year Change93.99%
Change since IPO1,102.13%

Recent News & Updates

Shareholder Returns

FESTIIS Specialty RetailIS Market
7D1.8%3.2%1.1%
1Y11.3%-22.0%-0.9%

Return vs Industry: FESTI exceeded the IS Specialty Retail industry which returned -22% over the past year.

Return vs Market: FESTI exceeded the IS Market which returned -0.9% over the past year.

Price Volatility

Is FESTI's price volatile compared to industry and market?
FESTI volatility
FESTI Average Weekly Movement3.5%
Specialty Retail Industry Average Movement5.5%
Market Average Movement3.6%
10% most volatile stocks in IS Market5.5%
10% least volatile stocks in IS Market2.5%

Stable Share Price: FESTI is not significantly more volatile than the rest of IS stocks over the past 3 months, typically moving +/- 4% a week.

Volatility Over Time: FESTI's weekly volatility (4%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
n/a1,237Magnús Ingasonhttps://festi.is

Festi hf., together with its subsidiaries, engages in the retail sale of fuel in Iceland. It operates through N1, Krónan, and ELKO segments. The company operates 86 fuel service stations, 13 electricity service stations, and one methane service station for vehicles; 27 service stations that offer refreshments and healthy snacks under the Nesti og Ísey brand; 11 lubrication and tyre service stations; and 6 corporate stores and 42 maritime fuel pumps.

Festi hf Fundamentals Summary

How do Festi hf's earnings and revenue compare to its market cap?
FESTI fundamental statistics
Market CapKr72.07b
Earnings (TTM)Kr5.45b
Revenue (TTM)Kr108.00b

13.2x

P/E Ratio

0.7x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
FESTI income statement (TTM)
RevenueKr108.00b
Cost of RevenueKr82.45b
Gross ProfitKr25.55b
Other ExpensesKr20.10b
EarningsKr5.45b

Last Reported Earnings

Jun 30, 2022

Next Earnings Date

Oct 28, 2022

Earnings per share (EPS)17.09
Gross Margin23.66%
Net Profit Margin5.05%
Debt/Equity Ratio89.7%

How did FESTI perform over the long term?

See historical performance and comparison

Dividends

2.2%

Current Dividend Yield

29%

Payout Ratio
We’ve recently updated our valuation analysis.

Valuation

Is FESTI undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

1/6

Valuation Score 1/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

Which metric is best to use when looking at relative valuation for FESTI?

Other financial metrics that can be useful for relative valuation.

FESTI key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue1x
Enterprise Value/EBITDA11.4x
PEG Ration/a

Price to Earnings Ratio vs Peers

How does FESTI's PE Ratio compare to its peers?

FESTI PE Ratio vs Peers
The above table shows the PE ratio for FESTI vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average41x
SKEL Skel fjárfestingafélag hf
141.1xn/aKr34.8b
2247 Pan German Universal Motors
13.1xn/aNT$16.5b
CRSM Carasso Motors
5.1xn/a₪1.7b
HFD Halfords Group
4.7x-2.7%UK£363.0m
FESTI Festi hf
13.2xn/aKr72.1b

Price-To-Earnings vs Peers: FESTI is good value based on its Price-To-Earnings Ratio (13.2x) compared to the peer average (41x).


Price to Earnings Ratio vs Industry

How does FESTI's PE Ratio compare vs other companies in the European Specialty Retail Industry?

Price-To-Earnings vs Industry: FESTI is expensive based on its Price-To-Earnings Ratio (13.2x) compared to the European Specialty Retail industry average (11x)


Price to Earnings Ratio vs Fair Ratio

What is FESTI's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

FESTI PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio13.2x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate FESTI's Price-To-Earnings Fair Ratio for valuation analysis.


Share Price vs Fair Value

What is the Fair Price of FESTI when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: FESTI (ISK226) is trading above our estimate of fair value (ISK114.98)

Significantly Below Fair Value: FESTI is trading above our estimate of fair value.


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Insufficient data to show price forecast.


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Future Growth

How is Festi hf forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

Future Growth Score

0/6

Future Growth Score 0/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


11.6%

Forecasted Retail industry annual growth in earnings

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Festi hf has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Discover growth companies

Past Performance

How has Festi hf performed over the past 5 years?

Past Performance Score

5/6

Past Performance Score 5/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


16.1%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: FESTI has high quality earnings.

Growing Profit Margin: FESTI's current net profit margins (5%) are higher than last year (3.3%).


Past Earnings Growth Analysis

Earnings Trend: FESTI's earnings have grown by 16.1% per year over the past 5 years.

Accelerating Growth: FESTI's earnings growth over the past year (80.5%) exceeds its 5-year average (16.1% per year).

Earnings vs Industry: FESTI earnings growth over the past year (80.5%) exceeded the Specialty Retail industry 37%.


Return on Equity

High ROE: FESTI's Return on Equity (16.5%) is considered low.


Discover strong past performing companies

Financial Health

How is Festi hf's financial position?

Financial Health Score

3/6

Financial Health Score 3/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: FESTI's short term assets (ISK21.2B) exceed its short term liabilities (ISK19.4B).

Long Term Liabilities: FESTI's short term assets (ISK21.2B) do not cover its long term liabilities (ISK38.8B).


Debt to Equity History and Analysis

Debt Level: FESTI's net debt to equity ratio (83.4%) is considered high.

Reducing Debt: FESTI's debt to equity ratio has increased from 57% to 89.7% over the past 5 years.

Debt Coverage: FESTI's debt is well covered by operating cash flow (21.5%).

Interest Coverage: FESTI's interest payments on its debt are well covered by EBIT (3.9x coverage).


Balance Sheet


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Dividend

What is Festi hf current dividend yield, its reliability and sustainability?

Dividend Score

3/6

Dividend Score 3/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage


2.21%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: FESTI's dividend (2.21%) is higher than the bottom 25% of dividend payers in the IS market (1.63%).

High Dividend: FESTI's dividend (2.21%) is low compared to the top 25% of dividend payers in the IS market (4.93%).


Stability and Growth of Payments

Stable Dividend: FESTI has been paying a dividend for less than 10 years and during this time payments have been volatile.

Growing Dividend: FESTI's dividend payments have increased, but the company has only paid a dividend for 8 years.


Earnings Payout to Shareholders

Earnings Coverage: With its reasonably low payout ratio (29%), FESTI's dividend payments are well covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: With its reasonable cash payout ratio (65.4%), FESTI's dividend payments are covered by cash flows.


Discover strong dividend paying companies

Management

How experienced are the management team and are they aligned to shareholders interests?

2.2yrs

Average management tenure


CEO

Magnús Ingason (52 yo)

2.58yrs

Tenure

Mr. Magnús Kr. Ingason serves as a Chief Financial Officer and Acting Chief Executive Officer of Festi hf. since 2020 and July 31, 2022 respectively. He was Managing Director of Fjárvakur - Icelandair Shar...


Leadership Team

Experienced Management: FESTI's management team is considered experienced (2.2 years average tenure).


Board Members

Experienced Board: FESTI's board of directors are not considered experienced ( 0.1 years average tenure), which suggests a new board.


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

Festi hf.'s employee growth, exchange listings and data sources


Key Information

  • Name: Festi hf.
  • Ticker: FESTI
  • Exchange: ICSE
  • Founded: NaN
  • Industry: Automotive Retail
  • Sector: Retail
  • Implied Market Cap: Kr72.067b
  • Shares outstanding: 318.88m
  • Website: https://festi.is

Number of Employees


Location

  • Festi hf.
  • Dalvegur 10-14
  • 3rd Floor
  • Kópavogur
  • 201
  • Iceland

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/08/14 00:00
End of Day Share Price2022/08/12 00:00
Earnings2022/06/30
Annual Earnings2021/12/31


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.