AFISH Stock Overview
Arctic Fish Holding AS, together with its subsidiaries, engages in the salmon farming activities in the Westfjords, Iceland.
Arctic Fish Holding Competitors
Price History & Performance
|Historical stock prices|
|Current Share Price||kr92.80|
|52 Week High||kr107.50|
|52 Week Low||kr60.01|
|1 Month Change||-3.33%|
|3 Month Change||-2.11%|
|1 Year Change||38.51%|
|3 Year Change||n/a|
|5 Year Change||n/a|
|Change since IPO||62.81%|
Recent News & Updates
Analysts Are Betting On Arctic Fish Holding AS (OB:AFISH) With A Big Upgrade This Week
Celebrations may be in order for Arctic Fish Holding AS ( OB:AFISH ) shareholders, with the analysts delivering a...
|AFISH||NO Food||NO Market|
Return vs Industry: AFISH exceeded the Norwegian Food industry which returned -28.3% over the past year.
Return vs Market: AFISH exceeded the Norwegian Market which returned -5.4% over the past year.
|AFISH Average Weekly Movement||7.7%|
|Food Industry Average Movement||6.6%|
|Market Average Movement||6.8%|
|10% most volatile stocks in NO Market||11.3%|
|10% least volatile stocks in NO Market||3.8%|
Stable Share Price: AFISH is not significantly more volatile than the rest of Norwegian stocks over the past 3 months, typically moving +/- 8% a week.
Volatility Over Time: AFISH's weekly volatility (8%) has been stable over the past year.
About the Company
Arctic Fish Holding AS, together with its subsidiaries, engages in the salmon farming activities in the Westfjords, Iceland. It produces smolt and rainbow trout in the freshwater hatchery. The company also exports its products worldwide.
Arctic Fish Holding Fundamentals Summary
|AFISH fundamental statistics|
Is AFISH overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|AFISH income statement (TTM)|
|Cost of Revenue||kr312.89m|
Last Reported Earnings
Jun 30, 2022
Next Earnings Date
Nov 16, 2022
|Earnings per share (EPS)||1.79|
|Net Profit Margin||8.22%|
How did AFISH perform over the long term?See historical performance and comparison
Is AFISH 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 AFISH?
Other financial metrics that can be useful for relative valuation.
|What is AFISH's n/a Ratio?|
Price to Earnings Ratio vs Peers
How does AFISH's PE Ratio compare to its peers?
|AFISH PE Ratio vs Peers|
|Company||PE||Estimated Growth||Market Cap|
AKBM Aker BioMarine
ISLAX Icelandic Salmon
NRS Norway Royal Salmon
AFISH Arctic Fish Holding
Price-To-Earnings vs Peers: AFISH is expensive based on its Price-To-Earnings Ratio (51.8x) compared to the peer average (22.1x).
Price to Earnings Ratio vs Industry
How does AFISH's PE Ratio compare vs other companies in the European Food Industry?
Price-To-Earnings vs Industry: AFISH is expensive based on its Price-To-Earnings Ratio (51.8x) compared to the European Food industry average (14.3x)
Price to Earnings Ratio vs Fair Ratio
What is AFISH'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||51.8x|
|Fair PE Ratio||39.1x|
Price-To-Earnings vs Fair Ratio: AFISH is expensive based on its Price-To-Earnings Ratio (51.8x) compared to the estimated Fair Price-To-Earnings Ratio (39.1x).
Share Price vs Fair Value
What is the Fair Price of AFISH when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: AFISH (NOK92.8) is trading below our estimate of fair value (NOK451.92)
Significantly Below Fair Value: AFISH 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 Arctic Fish Holding forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?
Future Growth Score6/6
Future Growth Score 6/6
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: AFISH's forecast earnings growth (46.2% per year) is above the savings rate (1.1%).
Earnings vs Market: AFISH's earnings (46.2% per year) are forecast to grow faster than the Norwegian market (-2.9% per year).
High Growth Earnings: AFISH's earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: AFISH's revenue (23.9% per year) is forecast to grow faster than the Norwegian market (0.3% per year).
High Growth Revenue: AFISH's revenue (23.9% per year) is forecast to grow faster than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: AFISH's Return on Equity is forecast to be high in 3 years time (21.4%)
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How has Arctic Fish Holding performed over the past 5 years?
Past Performance Score2/6
Past Performance Score 2/6
Growing Profit Margin
Earnings vs Industry
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: AFISH has high quality earnings.
Growing Profit Margin: AFISH's current net profit margins (8.2%) are lower than last year (14.9%).
Past Earnings Growth Analysis
Earnings Trend: AFISH has become profitable over the past 5 years, growing earnings by 56.2% per year.
Accelerating Growth: AFISH's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: AFISH had negative earnings growth (-27%) over the past year, making it difficult to compare to the Food industry average (75.4%).
Return on Equity
High ROE: AFISH's Return on Equity (5.7%) is considered low.
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How is Arctic Fish Holding's financial position?
Financial Health Score4/6
Financial Health Score 4/6
Short Term Liabilities
Long Term Liabilities
Financial Position Analysis
Short Term Liabilities: AFISH's short term assets (NOK644.0M) exceed its short term liabilities (NOK176.1M).
Long Term Liabilities: AFISH's short term assets (NOK644.0M) exceed its long term liabilities (NOK362.9M).
Debt to Equity History and Analysis
Debt Level: AFISH's net debt to equity ratio (33.6%) is considered satisfactory.
Reducing Debt: AFISH's debt to equity ratio has increased from 16% to 40% over the past 5 years.
Debt Coverage: AFISH's debt is well covered by operating cash flow (34.3%).
Interest Coverage: AFISH's interest payments on its debt are not well covered by EBIT (1.6x coverage).
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What is Arctic Fish Holding current dividend yield, its reliability and sustainability?
Dividend Score 0/6
Cash Flow Coverage
Forecast Dividend Yield
Dividend Yield vs Market
|Arctic Fish Holding Dividend Yield vs Market|
|Company (Arctic Fish Holding)||n/a|
|Market Bottom 25% (NO)||3.7%|
|Market Top 25% (NO)||7.7%|
|Industry Average (Food)||4.2%|
|Analyst forecast in 3 Years (Arctic Fish Holding)||0.5%|
Notable Dividend: Unable to evaluate AFISH's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate AFISH's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if AFISH's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if AFISH's dividend payments have been increasing.
Earnings Payout to Shareholders
Earnings Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: Unable to calculate sustainability of dividends as AFISH has not reported any payouts.
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How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Mr. Stein Ove Tveiten serves as Chief Executive Officer at Arctic Fish Holding AS since 2017. He serves as the Chief Executive Officer of Arctic Fish AS. Stein Ove Tveiten served as the General Manager of...
Experienced Management: AFISH's management team is considered experienced (3.3 years average tenure).
Experienced Board: AFISH's board of directors are not considered experienced ( 1.7 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
|28 Jun 22||Buykr748,000||Neil Shiran Thorisson||Individual||8,000||kr93.50|
|Owner Type||Number of Shares||Ownership Percentage|
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
|Ownership||Name||Shares||Current Value||Change %||Portfolio %|
Arctic Fish Holding AS's employee growth, exchange listings and data sources
- Name: Arctic Fish Holding AS
- Ticker: AFISH
- Exchange: OB
- Founded: 2011
- Industry: Packaged Foods and Meats
- Sector: Food, Beverage & Tobacco
- Implied Market Cap: kr2.958b
- Shares outstanding: 31.88m
- Website: https://www.arcticfish.is
Number of Employees
- Arctic Fish Holding AS
- Sindragata 10
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|6TW||MUN (Boerse Muenchen)||Yes||Ordinary Shares||DE||EUR||Feb 2021|
|AFISH||OB (Oslo Bors)||Yes||Ordinary Shares||NO||NOK||Feb 2021|
|6TW||BST (Boerse-Stuttgart)||Yes||Ordinary Shares||DE||EUR||Feb 2021|
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2022/10/03 00:00|
|End of Day Share Price||2022/10/03 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.