OB:ASA-ME

Stock Analysis Report

Executive Summary

Atlantic Sapphire AS, together with its subsidiaries, engages in the land-raised salmon farming business.


Snowflake Analysis

High growth potential with imperfect balance sheet.


Similar Companies

Share Price & News

How has Atlantic Sapphire's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: ASA-ME's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

5.4%

ASA-ME

0.2%

NO Food

3.1%

NO Market


1 Year Return

1.1%

ASA-ME

2.9%

NO Food

-21.8%

NO Market

Return vs Industry: ASA-ME underperformed the Norwegian Food industry which returned 1.6% over the past year.

Return vs Market: ASA-ME exceeded the Norwegian Market which returned -24.1% over the past year.


Shareholder returns

ASA-MEIndustryMarket
7 Day5.4%0.2%3.1%
30 Day0.9%-3.3%-0.08%
90 Day-26.1%-15.4%-22.6%
1 Year1.1%1.1%7.0%2.9%-18.5%-21.8%
3 Yearn/a61.2%39.3%4.0%-8.8%
5 Yearn/a148.3%94.9%16.1%-9.9%

Price Volatility Vs. Market

How volatile is Atlantic Sapphire's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Atlantic Sapphire undervalued compared to its fair value and its price relative to the market?

3.13x

Price to Book (PB) ratio


Share Price vs. Fair Value

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

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


Price To Earnings Ratio

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

PE vs Market: ASA-ME 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 ASA-ME's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: ASA-ME is overvalued based on its PB Ratio (3x) compared to the NO Food industry average (2.7x).


Next Steps

Future Growth

How is Atlantic Sapphire forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?

53.1%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: ASA-ME is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (0.7%).

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

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

Revenue vs Market: ASA-ME's revenue (44.2% per year) is forecast to grow faster than the Norwegian market (2.3% per year).

High Growth Revenue: ASA-ME's revenue (44.2% per year) is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: ASA-ME's Return on Equity is forecast to be low in 3 years time (18.7%).


Next Steps

Past Performance

How has Atlantic Sapphire performed over the past 5 years?

-15.4%

Last years earnings growth


Earnings and Revenue History

Quality Earnings: ASA-ME is currently unprofitable.

Growing Profit Margin: ASA-ME is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: Insufficient data to determine if ASA-ME's year-on-year earnings growth rate was positive over the past 5 years.

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

Earnings vs Industry: ASA-ME is unprofitable, making it difficult to compare its past year earnings growth to the Food industry (-30.3%).


Return on Equity

High ROE: ASA-ME has a negative Return on Equity (-6.3%), as it is currently unprofitable.


Next Steps

Financial Health

How is Atlantic Sapphire's financial position?


Financial Position Analysis

Short Term Liabilities: ASA-ME's short term assets ($27.1M) exceed its short term liabilities ($16.5M).

Long Term Liabilities: ASA-ME's short term assets ($27.1M) do not cover its long term liabilities ($27.7M).


Debt to Equity History and Analysis

Debt Level: ASA-ME's debt to equity ratio (13.1%) is considered satisfactory.

Reducing Debt: Insufficient data to determine if ASA-ME'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: ASA-ME has less than a year of cash runway based on its current free cash flow.

Forecast Cash Runway: ASA-ME has less than a year of cash runway if free cash flow continues to reduce at historical rates of -53.5% each year


Next Steps

Dividend

What is Atlantic Sapphire's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

Notable Dividend: Unable to evaluate ASA-ME's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.

High Dividend: Unable to evaluate ASA-ME's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if ASA-ME's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if ASA-ME'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 ASA-ME'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?

0.7yrs

Average board tenure


CEO

Johan Andreassen

no data

Tenure

Johan E. Andreassen serves as a Chairman of the Board and Chief executive Director at Atlantic Sapphire AS. 


Board Members

NamePositionTenureCompensationOwnership
Johan Andreassen
Chairman of the Board & CEOno datano data1.5% $100.6m
Patrice Flanagan
Director0.67yrno data0.0056% $375.1k
Alexander Reus
Director1.83yrsno data2% $133.5m
Runar Vatne
Director0.42yrno data5.68% $379.9m
Karl Øyehaug
Finance Directorno datano data0.012% $807.0k
Andre Skarbo
Directorno datano datano data
Bjorn-Vegard Lovik
Directorno datano data6.64% $443.7m
Peter Skou
Directorno datano datano data
Eric Meyer
Director of Operationsno datano data0.013% $877.8k

0.7yrs

Average Tenure

Experienced Board: ASA-ME's board of directors are not considered experienced ( 0.7 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: ASA-ME insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 19.7%.


Top Shareholders

Company Information

Atlantic Sapphire AS's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Atlantic Sapphire AS
  • Ticker: ASA-ME
  • Exchange: OB
  • Founded: 2010
  • Industry: Packaged Foods and Meats
  • Sector: Food, Beverage & Tobacco
  • Market Cap: kr6.686b
  • Shares outstanding: 71.28m
  • Website: https://www.atlanticsapphire.com

Number of Employees


Location

  • Atlantic Sapphire AS
  • Daugstadvegen 445
  • Vikebukt
  • Møre og Romsdal
  • 6392
  • Norway

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
ASA-MEOB (Oslo Bors)YesOrdinary SharesNONOKJul 2017
AASZ.FOTCPK (Pink Sheets LLC)YesOrdinary SharesUSUSDJul 2017

Biography

Atlantic Sapphire AS, together with its subsidiaries, engages in the land-raised salmon farming business. It is involved in growing salmon from egg hatchery. The company was founded in 2010 and is headquartered in Vikebukt, Norway. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/04/08 22:58
End of Day Share Price2020/04/08 00:00
Earnings2019/12/31
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.