New Risk • Jul 01
New minor risk - Dividend sustainability The company has an unstable dividend paying track record. The dividend has had an annual drop of over 20% in the past. Dividend yield: 1.7% This is considered a minor risk. If the company has cut or reduced its dividend in the past, it may be a sign that the underlying business is too cyclical to consistently maintain or grow the dividend over the long-term. It may also indicate the company prioritizes other outcomes instead of maintaining the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 1.5% per year over the past 5 years. Minor Risks High level of debt (99% net debt to equity). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Reported Earnings • Apr 30
First quarter 2026 earnings released: EPS: Kr0.07 (vs Kr0.08 loss in 1Q 2025) First quarter 2026 results: EPS: Kr0.07 (up from Kr0.08 loss in 1Q 2025). Revenue: Kr7.06b (flat on 1Q 2025). Net income: Kr171.0m (up Kr359.0m from 1Q 2025). Profit margin: 2.4% (up from net loss in 1Q 2025). Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth. Buy Or Sell Opportunity • Apr 09
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 12% to Kr12.80. The fair value is estimated to be Kr16.11, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 6.2% over the last 3 years. Earnings per share has grown by 22%. Buy Or Sell Opportunity • Mar 22
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 14% to Kr12.40. The fair value is estimated to be Kr15.56, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 6.2% over the last 3 years. Earnings per share has grown by 22%. Declared Dividend • Mar 08
Dividend increased to Kr0.21 Dividend of Kr0.21 is 5.9% higher than last year. Ex-date: 13th March 2026 Payment date: 30th March 2026 Dividend yield will be 1.5%, which is lower than the industry average of 4.7%. Sustainability & Growth Dividend is well covered by both earnings (33% earnings payout ratio) and cash flows (9% cash payout ratio). The dividend has increased by an average of 13% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 32% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Announcement • Mar 06
Síminn hf. announces Annual dividend, payable on March 30, 2026 Síminn hf. announced Annual dividend of ISK 0.2149 per share payable on March 30, 2026, ex-date on March 13, 2026 and record date on March 16, 2026. Announcement • Mar 05
Síminn hf., Annual General Meeting, Mar 12, 2026 Síminn hf., Annual General Meeting, Mar 12, 2026. New Risk • Feb 18
New major risk - Financial position The company's interest payments are not well covered by earnings. Net interest cover: 1.7x 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 Risks Interest payments are not well covered by earnings (1.7x net interest cover). Earnings have declined by 2.9% per year over the past 5 years. Reported Earnings • Feb 18
Full year 2025 earnings released: EPS: Kr0.66 (vs Kr0.54 in FY 2024) Full year 2025 results: EPS: Kr0.66 (up from Kr0.54 in FY 2024). Revenue: Kr28.0b (up 3.0% from FY 2024). Net income: Kr1.59b (up 15% from FY 2024). Profit margin: 5.7% (up from 5.1% 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 22% 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 • Oct 24
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 25% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 6.6% per year over the past 5 years. Minor Risks High level of debt (96% net debt to equity). Large one-off items impacting financial results. Reported Earnings • Oct 22
Third quarter 2025 earnings released Third quarter 2025 results: Revenue: Kr6.89b (up 1.7% from 3Q 2024). Net income: Kr622.0m (up 39% from 3Q 2024). Profit margin: 9.0% (up from 6.6% in 3Q 2024). Announcement • Oct 21
Síminn hf. to Report Fiscal Year 2025 Results on Feb 17, 2026 Síminn hf. announced that they will report fiscal year 2025 results on Feb 17, 2026 Reported Earnings • Aug 20
Second quarter 2025 earnings released: EPS: Kr0.22 (vs Kr0.09 in 2Q 2024) Second quarter 2025 results: EPS: Kr0.22 (up from Kr0.09 in 2Q 2024). Revenue: Kr7.02b (up 4.6% from 2Q 2024). Net income: Kr537.0m (up 120% from 2Q 2024). Profit margin: 7.7% (up from 3.6% in 2Q 2024). Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth. New Risk • Jul 22
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 3.4% 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 Earnings have declined by 13% per year over the past 5 years. Minor Risks High level of debt (98% net debt to equity). Share price has been volatile over the past 3 months (3.4% average weekly change). Large one-off items impacting financial results. Reported Earnings • May 02
First quarter 2025 earnings released: Kr0.08 loss per share (vs Kr0.07 profit in 1Q 2024) First quarter 2025 results: Kr0.08 loss per share (down from Kr0.07 profit in 1Q 2024). Revenue: Kr7.00b (up 9.1% from 1Q 2024). Net loss: Kr188.0m (down 210% from profit in 1Q 2024). Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth. New Risk • Apr 22
New minor risk - Dividend sustainability The company has an unstable dividend paying track record. The dividend has had an annual drop of over 20% in the past. Dividend yield: 1.5% This is considered a minor risk. If the company has cut or reduced its dividend in the past, it may be a sign that the underlying business is too cyclical to consistently maintain or grow the dividend over the long-term. It may also indicate the company prioritizes other outcomes instead of maintaining the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 14% per year over the past 5 years. Minor Risks High level of debt (80% net debt to equity). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Announcement • Apr 02
Síminn hf. announces Annual dividend, payable on March 28, 2025 Síminn hf. announced Annual dividend of ISK 0.2030 per share payable on March 28, 2025, ex-date on March 14, 2025 and record date on March 17, 2025. Reported Earnings • Feb 19
Full year 2024 earnings released: EPS: Kr0.54 (vs Kr0.46 in FY 2023) Full year 2024 results: EPS: Kr0.54 (up from Kr0.46 in FY 2023). Revenue: Kr27.2b (up 8.5% from FY 2023). Net income: Kr1.38b (up 2.6% from FY 2023). Profit margin: 5.1% (down from 5.4% 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 29% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth. Reported Earnings • Oct 23
Third quarter 2024 earnings released: EPS: Kr0.18 (vs Kr0.18 in 3Q 2023) Third quarter 2024 results: EPS: Kr0.18 (in line with 3Q 2023). Revenue: Kr6.77b (up 7.0% from 3Q 2023). Net income: Kr449.0m (down 11% from 3Q 2023). Profit margin: 6.6% (down from 8.0% in 3Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 33% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. Reported Earnings • Aug 28
Second quarter 2024 earnings released: EPS: Kr0.09 (vs Kr0.06 in 2Q 2023) Second quarter 2024 results: EPS: Kr0.09 (up from Kr0.06 in 2Q 2023). Revenue: Kr6.71b (up 9.7% from 2Q 2023). Net income: Kr244.0m (up 36% from 2Q 2023). Profit margin: 3.6% (up from 2.9% in 2Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 35% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. Reported Earnings • Apr 24
First quarter 2024 earnings released: EPS: Kr0.07 (vs Kr0.07 in 1Q 2023) First quarter 2024 results: EPS: Kr0.07 (in line with 1Q 2023). Revenue: Kr6.42b (up 4.3% from 1Q 2023). Net income: Kr171.0m (down 31% from 1Q 2023). Profit margin: 2.7% (down from 4.0% 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 37% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. New Risk • Mar 19
New minor risk - Dividend sustainability The company has an unstable dividend paying track record. The dividend has had an annual drop of over 20% in the past. Dividend yield: 2.0% This is considered a minor risk. If the company has cut or reduced its dividend in the past, it may be a sign that the underlying business is too cyclical to consistently maintain or grow the dividend over the long-term. It may also indicate the company prioritizes other outcomes instead of maintaining the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Minor Risks High level of debt (45% net debt to equity). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Profit margins are more than 30% lower than last year (5.4% net profit margin). Upcoming Dividend • Mar 08
Upcoming dividend of Kr0.20 per share Eligible shareholders must have bought the stock before 15 March 2024. Payment date: 05 April 2024. Payout ratio is a comfortable 31% and this is well supported by cash flows. Trailing yield: 1.1%. Lower than top quartile of Icelandic dividend payers (5.4%). Lower than average of industry peers (4.5%). Declared Dividend • Feb 29
Final dividend of Kr0.20 announced Shareholders will receive a dividend of Kr0.20. Ex-date: 15th March 2024 Payment date: 5th April 2024 Dividend yield will be 1.9%, which is lower than the industry average of 4.7%. Sustainability & Growth Dividend is well covered by both earnings (31% earnings payout ratio) and cash flows (26% cash payout ratio). The dividend has increased by an average of 9.0% per year over the past 8 years. However, payments have been volatile during that time. Earnings per share has grown by 77% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Reported Earnings • Feb 21
Full year 2023 earnings released: EPS: Kr0.46 (vs Kr0.31 in FY 2022) Full year 2023 results: EPS: Kr0.46. Revenue: Kr25.7b (up 7.5% from FY 2022). Net income: Kr1.35b (down 35% from FY 2022). Profit margin: 5.2% (down from 8.6% in FY 2022). The decrease in margin was driven by higher expenses. New Risk • Dec 22
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 24% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Minor Risks High level of debt (41% net debt to equity). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (5.3% net profit margin). New Risk • Aug 31
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 23% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. This is currently the only risk that has been identified for the company. Reported Earnings • Aug 28
Second quarter 2023 earnings released: EPS: Kr0.06 (vs Kr0.05 in 2Q 2022) Second quarter 2023 results: EPS: Kr0.06. Revenue: Kr6.12b (up 3.7% from 2Q 2022). Net income: Kr179.0m (down 56% from 2Q 2022). Profit margin: 2.9% (down from 7.0% in 2Q 2022). The decrease in margin was driven by higher expenses. Reported Earnings • Apr 26
First quarter 2023 earnings released: EPS: Kr0.07 (vs Kr0.059 in 1Q 2022) First quarter 2023 results: EPS: Kr0.07. Revenue: Kr6.15b (up 3.3% from 1Q 2022). Net income: Kr246.0m (down 56% from 1Q 2022). Profit margin: 4.0% (down from 9.3% in 1Q 2022). The decrease in margin was driven by higher expenses. Upcoming Dividend • Mar 22
Upcoming dividend of Kr3.72 per share at 0.6% yield Eligible shareholders must have bought the stock before 29 March 2023. Payment date: 31 March 2023. Payout ratio is a comfortable 24% and this is well supported by cash flows. Trailing yield: 0.6%. Lower than top quartile of Icelandic dividend payers (5.0%). Lower than average of industry peers (4.3%). Upcoming Dividend • Mar 03
Upcoming dividend of Kr0.12 per share at 0.6% yield Eligible shareholders must have bought the stock before 10 March 2023. Payment date: 31 March 2023. Payout ratio is a comfortable 24% and this is well supported by cash flows. Trailing yield: 0.6%. Lower than top quartile of Icelandic dividend payers (4.8%). Lower than average of industry peers (4.3%). Reported Earnings • Feb 20
Full year 2022 earnings released: EPS: Kr0.31 (vs Kr0.23 in FY 2021) Full year 2022 results: EPS: Kr0.31 (up from Kr0.23 in FY 2021). Revenue: Kr24.6b (up 2.3% from FY 2021). Net income: Kr2.06b (up 19% from FY 2021). Profit margin: 8.4% (up from 7.2% in FY 2021). 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 25% per year, which means it is well ahead of earnings. Board Change • Nov 16
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 6 experienced directors. No highly experienced directors. No independent directors (6 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Reported Earnings • Oct 26
Third quarter 2022 earnings released: EPS: Kr0.10 (vs Kr0.09 in 3Q 2021) Third quarter 2022 results: EPS: Kr0.10 (up from Kr0.09 in 3Q 2021). Revenue: Kr6.02b (flat on 3Q 2021). Net income: Kr718.0m (up 1.6% from 3Q 2021). Profit margin: 12% (in line with 3Q 2021). Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has increased by 34% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Oct 05
Ardian France SA acquired Míla ehf from Síminn hf. (ICSE:SIMINN). Ardian France SA agreed to acquire Míla Ehf from Síminn hf. (ICSE:SIMINN) for an enterprise value is ISK 78 billion on October 23, 2021. According to the agreement, Síminn hf. will be paid ISK 44 billion in cash and ISK 15 billion in the form of a bond that Síminn lends to Ardian for three years. The bond is a one-off bond, bears market interest rates, is secured by shares in Míla and is transferable. Enterprise value is ISK 78 billion, which includes the assumption of Míla’s debt. Alongside Ardian, several Icelandic pension funds will have the opportunity to invest in Míla. The sale is subject to normal conditions, such as approval by the Competition Authority. This transaction is yet to receive clearance from local competition authorities. Ardian does not own any competing or overlapping businesses with Míla in Iceland or in the Nordic countries. The sale is expected to be completed in H1 2022. Lazard Ltd (NYSE:LAZ) and Íslandsbanki acted as financial advisors and LOGOS Legal Services acted as legal advisor to Síminn hf.
As of July 6, 2022, the national Competition Authority had come to the preliminary conclusion acquisition of Míla from Siminn would distort competition and would not gain its approval without conditions or more explanation. The deadline for responding to the objection is July 15, 2022, but if conciliation talks is requested, the cut-off date for the probe automatically extends until August 18, 2022.
Ardian France SA completed the acquisition of Míla ehf from Síminn hf. (ICSE:SIMINN) as on October 3, 2022. Board Change • Apr 27
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 8 experienced directors. No highly experienced directors. No independent directors (8 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Upcoming Dividend • Mar 04
Upcoming dividend of Kr0.069 per share Eligible shareholders must have bought the stock before 11 March 2022. Payment date: 07 April 2022. Payout ratio is a comfortable 13% and this is well supported by cash flows. Trailing yield: 0.5%. Lower than top quartile of Icelandic dividend payers (6.1%). Lower than average of industry peers (4.3%). Reported Earnings • Oct 28
Third quarter 2021 earnings released: EPS Kr0.15 (vs Kr0.10 in 3Q 2020) The company reported a decent third quarter result with improved earnings and profit margins, although revenues were flat. Third quarter 2021 results: Revenue: Kr6.27b (flat on 3Q 2020). Net income: Kr1.06b (up 9.9% from 3Q 2020). Profit margin: 17% (up from 15% in 3Q 2020). Over the last 3 years on average, earnings per share has increased by 48% per year and the company’s share price has also increased by 48% per year. Upcoming Dividend • Mar 05
Upcoming Dividend of Kr0.059 Per Share Will be paid on the 8th of April to those who are registered shareholders by the 12th of March. The trailing yield of 0.6% is below the top quartile of Icelandic dividend payers (2.5%), and is lower than industry peers (4.8%). Is New 90 Day High Low • Feb 17
New 90-day high: Kr9.32 The company is up 22% from its price of Kr7.66 on 19 November 2020. The Icelandic market is up 25% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Telecom industry, which is down 1.0% over the same period. Is New 90 Day High Low • Jan 28
New 90-day high: Kr8.35 The company is up 12% from its price of Kr7.44 on 30 October 2020. The Icelandic market is up 20% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Telecom industry, which is up 9.0% over the same period. Is New 90 Day High Low • Jan 04
New 90-day high: Kr8.27 The company is up 21% from its price of Kr6.82 on 06 October 2020. The Icelandic market is up 27% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Telecom industry, which is up 1.0% over the same period. Is New 90 Day High Low • Nov 18
New 90-day high: Kr7.68 The company is up 19% from its price of Kr6.45 on 20 August 2020. The Icelandic market is up 13% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Telecom industry, which is flat over the same period. Reported Earnings • Oct 31
Third quarter earnings released Over the last 12 months the company has reported total profits of Kr2.62b, with earnings increasing by Kr2.71b from the prior year. Total revenue was Kr29.2b over the last 12 months, up 4.3% from the prior year. Is New 90 Day High Low • Oct 27
New 90-day high: Kr7.45 The company is up 21% from its price of Kr6.16 on 29 July 2020. The Icelandic market is up 3.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Telecom industry, which is down 6.0% over the same period. Is New 90 Day High Low • Oct 09
New 90-day high: Kr7.08 The company is up 20% from its price of Kr5.91 on 10 July 2020. The Icelandic market is up 3.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Telecom industry, which is down 3.0% over the same period. Announcement • Sep 22
SÃminn hf. to Report Q2, 2020 Results on Aug 25, 2020 SÃminn hf. announced that they will report Q2, 2020 results on Aug 25, 2020