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ASA

Atlantic SapphireOB:ASA Stock Report

Market Cap

kr3.5b

7D

3.8%

1Y

-64.1%

Updated

24 Sep, 2021

Data

Company Financials +
ASA fundamental analysis
Snowflake Score
Valuation1/6
Future Growth5/6
Past Performance0/6
Financial Health3/6
Dividends0/6

ASA Overview

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

Atlantic Sapphire Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Atlantic Sapphire
Historical stock prices
Current Share Pricekr38.20
52 Week Highkr33.50
52 Week Lowkr150.00
Beta0.91
1 Month Change-49.34%
3 Month Change-60.70%
1 Year Change-64.13%
3 Year Change-34.14%
5 Year Changen/a
Change since IPO27.33%

Recent News & Updates

Shareholder Returns

ASANO FoodNO Market
7D3.8%1.5%1.2%
1Y-64.1%15.9%26.4%

Return vs Industry: ASA underperformed the Norwegian Food industry which returned 16.7% over the past year.

Return vs Market: ASA underperformed the Norwegian Market which returned 25.9% over the past year.

Price Volatility

Is ASA's price volatile compared to industry and market?
ASA volatility
ASA Beta0.91
Industry Beta0.50
Market Beta1

Stable Share Price: ASA is more volatile than 90% of Norwegian stocks over the past 3 months, typically moving +/- 13% a week.

Volatility Over Time: ASA's weekly volatility (13%) has been stable over the past year, but is still higher than 75% of Norwegian stocks.

About the Company

FoundedEmployeesCEOWebsite
2010159Johan Andreassenhttps://www.atlanticsapphire.com

Atlantic Sapphire ASA, together with its subsidiaries, engages in the land-based salmon farming business. The company operates through two segments, Fish Farming (Denmark); and Fish Farming (USA). It is involved in the production and sale of salmon.

Atlantic Sapphire Fundamentals Summary

How do Atlantic Sapphire's earnings and revenue compare to its market cap?
ASA fundamental statistics
Market CapUS$403.73m
Earnings (TTM)-US$75.16m
Revenue (TTM)US$14.65m

27.6x

P/S Ratio

-5.4x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
ASA income statement (TTM)
RevenueUS$14.65m
Cost of RevenueUS$44.50m
Gross Profit-US$29.85m
ExpensesUS$45.31m
Earnings-US$75.16m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

Apr 21, 2022

Earnings per share (EPS)-0.83
Gross Margin-203.80%
Net Profit Margin-513.16%
Debt/Equity Ratio16.0%

How did ASA perform over the long term?

See historical performance and comparison

Valuation

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

1.26x

Price to Book (PB) ratio


Share Price vs. Fair Value

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

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


Price To Earnings Ratio

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

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


Price to Book Ratio

PB vs Industry: ASA is good value based on its PB Ratio (1.3x) compared to the NO Food industry average (2.4x).


Future Growth

How is Atlantic Sapphire forecast to perform in the next 1 to 3 years based on estimates from 6 analysts?

77.1%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

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

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

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

Revenue vs Market: ASA's revenue (49.4% per year) is forecast to grow faster than the Norwegian market (5.8% per year).

High Growth Revenue: ASA's revenue (49.4% per year) is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: ASA's Return on Equity is forecast to be low in 3 years time (9%).


Past Performance

How has Atlantic Sapphire performed over the past 5 years?

-61.3%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: ASA is currently unprofitable.

Growing Profit Margin: ASA is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: ASA is unprofitable, and losses have increased over the past 5 years at a rate of 61.3% per year.

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

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


Return on Equity

High ROE: ASA has a negative Return on Equity (-23.44%), as it is currently unprofitable.


Financial Health

How is Atlantic Sapphire's financial position?


Financial Position Analysis

Short Term Liabilities: ASA's short term assets ($118.3M) exceed its short term liabilities ($18.4M).

Long Term Liabilities: ASA's short term assets ($118.3M) exceed its long term liabilities ($53.1M).


Debt to Equity History and Analysis

Debt Level: ASA's debt to equity ratio (16%) is considered satisfactory.

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

Forecast Cash Runway: ASA has less than a year of cash runway if free cash flow continues to reduce at historical rates of 26.3% each year


Dividend

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


Dividend Yield vs Market

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

High Dividend: Unable to evaluate ASA'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 ASA's dividends per share have been stable in the past.

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

1.0yrs

Average management tenure


CEO

Johan Andreassen

no data

Tenure

US$518,000

Compensation

Mr. Johan Emil Andreassen serves as the Chairman of the Board and Chief executive Director at Atlantic Sapphire AS. He serves as Chief Executive Officer at Atlantic Sapphire USA LLC. He is co-founder of At...


CEO Compensation Analysis

Compensation vs Market: Johan's total compensation ($USD518.00K) is about average for companies of similar size in the Norwegian market ($USD621.72K).

Compensation vs Earnings: Johan's compensation has been consistent with company performance over the past year.


Leadership Team

Experienced Management: ASA's management team is not considered experienced ( 1 years average tenure), which suggests a new team.


Board Members

Experienced Board: ASA's board of directors are not considered experienced ( 2 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 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 13.5%.


Top Shareholders

Company Information

Atlantic Sapphire ASA's employee growth, exchange listings and data sources


Key Information

  • Name: Atlantic Sapphire ASA
  • Ticker: ASA
  • Exchange: OB
  • Founded: 2010
  • Industry: Packaged Foods and Meats
  • Sector: Food, Beverage & Tobacco
  • Market Cap: kr3.477b
  • Shares outstanding: 91.01m
  • Website: https://www.atlanticsapphire.com

Number of Employees


Location

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

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 23:02
End of Day Share Price2021/09/24 00:00
Earnings2021/06/30
Annual Earnings2020/12/31


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.