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AFIS

Arctic Fish HoldingOB:AFISH Stock Report

Market Cap

kr2.1b

7D

0.8%

1Y

n/a

Updated

24 Sep, 2021

Data

Company Financials +
AFISH fundamental analysis
Snowflake Score
Valuation0/6
Future Growth5/6
Past Performance0/6
Financial Health2/6
Dividends0/6

AFISH Overview

Arctic Fish Holding AS, together with its subsidiaries, engages in the salmon farming activities in Iceland.

Price History & Performance

Summary of all time highs, changes and price drops for Arctic Fish Holding
Historical stock prices
Current Share Pricekr65.00
52 Week Highkr54.01
52 Week Lowkr69.98
Beta0
1 Month Change-4.40%
3 Month Change17.54%
1 Year Changen/a
3 Year Changen/a
5 Year Changen/a
Change since IPO14.04%

Recent News & Updates

Shareholder Returns

AFISHNO FoodNO Market
7D0.8%1.5%1.2%
1Yn/a15.9%26.4%

Return vs Industry: Insufficient data to determine how AFISH performed against the Norwegian Food industry.

Return vs Market: Insufficient data to determine how AFISH performed against the Norwegian Market.

Price Volatility

Is AFISH's price volatile compared to industry and market?
AFISH volatility
AFISH Beta0
Industry Beta0.50
Market Beta1

Stable Share Price: AFISH is more volatile than 75% 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, but is still higher than 75% of Norwegian stocks.

About the Company

FoundedEmployeesCEOWebsite
201152Stein Tveitenhttps://www.arcticfish.is

Arctic Fish Holding AS, together with its subsidiaries, engages in the salmon farming activities in Iceland. It produces smolt, fry, and rainbow trout in the freshwater hatchery. The company offers its products under the ICEBORN brand name.

Arctic Fish Holding Fundamentals Summary

How do Arctic Fish Holding's earnings and revenue compare to its market cap?
AFISH fundamental statistics
Market Cap€205.80m
Earnings (TTM)-€2.23m
Revenue (TTM)€28.42m

7.2x

P/S Ratio

-92.3x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
AFISH income statement (TTM)
Revenue€28.42m
Cost of Revenue€27.29m
Gross Profit€1.13m
Expenses€3.36m
Earnings-€2.23m

Last Reported Earnings

Sep 30, 2020

Next Earnings Date

Nov 09, 2021

Earnings per share (EPS)-0.07
Gross Margin3.99%
Net Profit Margin-7.84%
Debt/Equity Ratio180.0%

How did AFISH perform over the long term?

See historical performance and comparison

Valuation

Is Arctic Fish Holding undervalued compared to its fair value and its price relative to the market?

8.06x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate AFISH's fair value to establish if it is undervalued.

Significantly Below Fair Value: Insufficient data to calculate AFISH's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: AFISH is unprofitable, so we can't compare its PE Ratio to the Norwegian Food industry average.

PE vs Market: AFISH is unprofitable, so we can't compare its PE Ratio to the Norwegian market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate AFISH's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: AFISH is overvalued based on its PB Ratio (8.1x) compared to the NO Food industry average (2.4x).


Future Growth

How is Arctic Fish Holding forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

31.6%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: AFISH is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (1.2%).

Earnings vs Market: AFISH is forecast to become profitable over the next 3 years, which is considered above average market growth.

High Growth Earnings: AFISH's is expected to become profitable in the next 3 years.

Revenue vs Market: AFISH's revenue (23.5% per year) is forecast to grow faster than the Norwegian market (5.8% per year).

High Growth Revenue: AFISH's revenue (23.5% 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 low in 3 years time (13.9%).


Past Performance

How has Arctic Fish Holding performed over the past 5 years?

4.3%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: AFISH is currently unprofitable.

Growing Profit Margin: AFISH is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: AFISH is unprofitable, but has reduced losses over the past 5 years at a rate of 4.3% per year.

Accelerating Growth: Unable to compare AFISH's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: AFISH is unprofitable, making it difficult to compare its past year earnings growth to the Food industry (33.1%).


Return on Equity

High ROE: AFISH has a negative Return on Equity (-8.73%), as it is currently unprofitable.


Financial Health

How is Arctic Fish Holding's financial position?


Financial Position Analysis

Short Term Liabilities: AFISH's short term assets (€54.9M) exceed its short term liabilities (€42.3M).

Long Term Liabilities: AFISH's short term assets (€54.9M) exceed its long term liabilities (€41.8M).


Debt to Equity History and Analysis

Debt Level: AFISH's debt to equity ratio (180%) is considered high.

Reducing Debt: Insufficient data to determine if AFISH's debt to equity ratio has reduced over the past 5 years.


Balance Sheet


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: Insufficient data to determine if AFISH has enough cash runway based on its current free cash flow.

Forecast Cash Runway: Insufficient data to determine if AFISH has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.


Dividend

What is Arctic Fish Holding current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

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.


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of AFISH's dividend in 3 years as they are not forecast to pay a notable one for the Norwegian market.


Next Steps

Management

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

0.6yrs

Average board tenure


CEO

Stein Tveiten

4.67yrs

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...


Board Members

Experienced Board: AFISH's board of directors are not considered experienced ( 0.6 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: AFISH only recently listed within the past 12 months.


Top Shareholders

Company Information

Arctic Fish Holding AS's employee growth, exchange listings and data sources


Key Information

  • Name: Arctic Fish Holding AS
  • Ticker: AFISH
  • Exchange: OB
  • Founded: 2011
  • Industry: Packaged Foods and Meats
  • Sector: Food, Beverage & Tobacco
  • Market Cap: kr2.072b
  • Shares outstanding: 31.88m
  • Website: https://www.arcticfish.is

Number of Employees


Location

  • Arctic Fish Holding AS
  • ADhalstrAeti 20
  • Isafjordur
  • 400
  • Iceland

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/09/24 16:20
End of Day Share Price2021/09/23 00:00
Earnings2020/09/30
Annual Earnings2019/12/31


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.