AKVA Stock Overview
AKVA group ASA designs, purchases, manufactures, assembles, sells, and installs technology products; and provides rental and consulting services for the aquaculture industry.
AKVA group Competitors
Price History & Performance
|Historical stock prices|
|Current Share Price||kr70.60|
|52 Week High||kr95.40|
|52 Week Low||kr59.00|
|1 Month Change||10.31%|
|3 Month Change||-17.72%|
|1 Year Change||-11.75%|
|3 Year Change||-7.35%|
|5 Year Change||-12.84%|
|Change since IPO||101.71%|
Recent News & Updates
|AKVA||NO Machinery||NO Market|
Return vs Industry: AKVA exceeded the Norwegian Machinery industry which returned -15.3% over the past year.
Return vs Market: AKVA underperformed the Norwegian Market which returned 9.8% over the past year.
|AKVA Average Weekly Movement||6.5%|
|Machinery Industry Average Movement||7.9%|
|Market Average Movement||6.7%|
|10% most volatile stocks in NO Market||12.4%|
|10% least volatile stocks in NO Market||3.7%|
Stable Share Price: AKVA is not significantly more volatile than the rest of Norwegian stocks over the past 3 months, typically moving +/- 6% a week.
Volatility Over Time: AKVA's weekly volatility (6%) has been stable over the past year.
About the Company
AKVA group ASA designs, purchases, manufactures, assembles, sells, and installs technology products; and provides rental and consulting services for the aquaculture industry. The company operates through three segments: Sea Based Technology (SBT), Digital, and Land Based Technology. The SBT segment offers plastic cages, steel cages, feed barges, feed systems, sensor and camera systems, biomass estimation systems, underwater lights, net cleaning systems, and nets and mooring systems under the Polarcirkel, Wavemaster, and Akvasmart hardware brands.
AKVA group Fundamentals Summary
|AKVA fundamental statistics|
Is AKVA overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|AKVA income statement (TTM)|
|Cost of Revenue||kr2.08b|
Last Reported Earnings
Jun 30, 2022
Next Earnings Date
Aug 12, 2022
|Earnings per share (EPS)||0.52|
|Net Profit Margin||0.57%|
How did AKVA perform over the long term?See historical performance and comparison
1.4%Current Dividend Yield
Is AKVA undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score 2/6
Price-To-Earnings vs Peers
Price-To-Earnings vs Industry
Price-To-Earnings vs Fair Ratio
Below Fair Value
Significantly Below Fair Value
Key Valuation Metric
Which metric is best to use when looking at relative valuation for AKVA?
Other financial metrics that can be useful for relative valuation.
|What is AKVA's n/a Ratio?|
Price to Earnings Ratio vs Peers
How does AKVA's PE Ratio compare to its peers?
|AKVA PE Ratio vs Peers|
|Company||PE||Estimated Growth||Market Cap|
HAV HAV Group
AKVA AKVA group
Price-To-Earnings vs Peers: AKVA is expensive based on its Price-To-Earnings Ratio (136.1x) compared to the peer average (21.4x).
Price to Earnings Ratio vs Industry
How does AKVA's PE Ratio compare vs other companies in the European Machinery Industry?
Price-To-Earnings vs Industry: AKVA is expensive based on its Price-To-Earnings Ratio (136.1x) compared to the Norwegian Machinery industry average (7.9x)
Price to Earnings Ratio vs Fair Ratio
What is AKVA'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.
|Current PE Ratio||136.1x|
|Fair PE Ratio||43x|
Price-To-Earnings vs Fair Ratio: AKVA is expensive based on its Price-To-Earnings Ratio (136.1x) compared to the estimated Fair Price-To-Earnings Ratio (43x).
Share Price vs Fair Value
What is the Fair Price of AKVA when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: AKVA (NOK70.6) is trading below our estimate of fair value (NOK195.34)
Significantly Below Fair Value: AKVA is trading below fair value by more than 20%.
Analyst Price Targets
What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?
Analyst Forecast: Target price is more than 20% higher than the current share price, but there are not enough analysts covering the stock to determine statistical confidence in agreement.
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How is AKVA group forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?
Future Growth Score4/6
Future Growth Score 4/6
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: AKVA's forecast earnings growth (49% per year) is above the savings rate (1.1%).
Earnings vs Market: AKVA's earnings (49% per year) are forecast to grow faster than the Norwegian market (0.2% per year).
High Growth Earnings: AKVA's earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: AKVA's revenue (5.2% per year) is forecast to grow faster than the Norwegian market (-1% per year).
High Growth Revenue: AKVA's revenue (5.2% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: AKVA's Return on Equity is forecast to be low in 3 years time (15.4%).
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How has AKVA group performed over the past 5 years?
Past Performance Score0/6
Past Performance Score 0/6
Growing Profit Margin
Earnings vs Industry
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: AKVA has a large one-off loss of NOK28.3M impacting its June 30 2022 financial results.
Growing Profit Margin: AKVA's current net profit margins (0.6%) are lower than last year (1.1%).
Past Earnings Growth Analysis
Earnings Trend: AKVA's earnings have declined by 24.4% per year over the past 5 years.
Accelerating Growth: AKVA's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: AKVA had negative earnings growth (-45.7%) over the past year, making it difficult to compare to the Machinery industry average (33.6%).
Return on Equity
High ROE: AKVA's Return on Equity (1.5%) is considered low.
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How is AKVA group's financial position?
Financial Health Score3/6
Financial Health Score 3/6
Short Term Liabilities
Long Term Liabilities
Financial Position Analysis
Short Term Liabilities: AKVA's short term assets (NOK1.5B) exceed its short term liabilities (NOK1.1B).
Long Term Liabilities: AKVA's short term assets (NOK1.5B) exceed its long term liabilities (NOK1.2B).
Debt to Equity History and Analysis
Debt Level: AKVA's net debt to equity ratio (49%) is considered high.
Reducing Debt: AKVA's debt to equity ratio has reduced from 86.9% to 59.8% over the past 5 years.
Debt Coverage: AKVA's debt is not well covered by operating cash flow (17.7%).
Interest Coverage: AKVA's interest payments on its debt are not well covered by EBIT (1.7x coverage).
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What is AKVA group current dividend yield, its reliability and sustainability?
Dividend Score 0/6
Cash Flow Coverage
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: AKVA's dividend (1.42%) isn’t notable compared to the bottom 25% of dividend payers in the Norwegian market (2.64%).
High Dividend: AKVA's dividend (1.42%) is low compared to the top 25% of dividend payers in the Norwegian market (6.78%).
Stability and Growth of Payments
Stable Dividend: AKVA has been paying a dividend for less than 10 years and during this time payments have been volatile.
Growing Dividend: AKVA has only been paying a dividend for 8 years, and since then payments have fallen.
Earnings Payout to Shareholders
Earnings Coverage: With its high payout ratio (188.2%), AKVA's dividend payments are not well covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: With its high cash payout ratio (2718.5%), AKVA's dividend payments are not well covered by cash flows.
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How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Knut Nesse (55 yo)
Mr. Knut Nesse served as a Member of the Board at Nordic Halibut AS until 2022. He is Chairman of the Board at Desert Control As. He serves as Chief Executive Officer of AKVA Group ASA since December 5, 20...
CEO Compensation Analysis
Compensation vs Market: Knut's total compensation ($USD310.48K) is below average for companies of similar size in the Norwegian market ($USD466.78K).
Compensation vs Earnings: Knut's compensation has been consistent with company performance over the past year.
Experienced Management: AKVA's management team is not considered experienced ( 1 years average tenure), which suggests a new team.
Experienced Board: AKVA's board of directors are not considered experienced ( 1.8 years average tenure), which suggests a new board.
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.
Recent Insider Transactions
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 10.3%.
AKVA group ASA's employee growth, exchange listings and data sources
- Name: AKVA group ASA
- Ticker: AKVA
- Exchange: OB
- Founded: 1982
- Industry: Agricultural and Farm Machinery
- Sector: Capital Goods
- Implied Market Cap: kr2.568b
- Shares outstanding: 36.37m
- Website: https://www.akvagroup.com
Number of Employees
- AKVA group ASA
- Plogfabrikkvegen 11
- Klepp Stasjon
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2022/08/12 00:00|
|End of Day Share Price||2022/08/12 00:00|
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.