Atlantic Sapphire Future Growth

Future criteria checks 5/6

Atlantic Sapphire is forecast to grow earnings and revenue by 53.2% and 25.9% per annum respectively. EPS is expected to decline by 30.6% per annum. Return on equity is forecast to be -9.5% in 3 years.

Key information

53.2%

Earnings growth rate

-30.6%

EPS growth rate

Food earnings growth	34.4%
Revenue growth rate	25.9%
Future return on equity	-9.5%
Analyst coverage	Low
Last updated	15 Nov 2024

Recent future growth updates

Recent updates

Growth Investors: Industry Analysts Just Upgraded Their Atlantic Sapphire ASA (OB:ASA) Revenue Forecasts By 31%

Aug 15

Revenue Downgrade: Here's What Analysts Forecast For Atlantic Sapphire ASA (OB:ASA)

Oct 19

Atlantic Sapphire ASA (OB:ASA) Analysts Just Trimmed Their Revenue Forecasts By 23%

Aug 31

Bearish: Analysts Just Cut Their Atlantic Sapphire ASA (OB:ASA) Revenue and EPS estimates

Jul 01

Did The Underlying Business Drive Atlantic Sapphire's (OB:ASA) Lovely 386% Share Price Gain?

Mar 08

Have Insiders Been Buying Atlantic Sapphire ASA (OB:ASA) Shares?

Feb 10

Atlantic Sapphire ASA's (OB:ASA) Has Found A Path To Profitability

Jan 15

What Type Of Shareholders Make Up Atlantic Sapphire ASA's (OB:ASA) Share Registry?

Dec 20

Did You Miss Atlantic Sapphire's (OB:ASA) Impressive 281% Share Price Gain?

Nov 23

Earnings and Revenue Growth Forecasts

OB:ASA - Analysts future estimates and past financials data (USD Millions)
Date	Revenue	Earnings	Free Cash Flow	Cash from Op	Avg. No. Analysts
12/31/2026	185	12	-92	N/A	2
12/31/2025	113	-4	-73	N/A	3
12/31/2024	98	-38	-68	N/A	2
6/30/2024	17	-137	-93	-81	N/A
3/31/2024	16	-136	-95	-79	N/A
12/31/2023	14	-134	-97	-78	N/A
9/30/2023	16	-116	-109	-80	N/A
6/30/2023	17	-99	-121	-82	N/A
3/31/2023	18	-82	-115	-67	N/A
12/31/2022	19	-65	-109	-53	N/A
9/30/2022	17	-80	-111	-48	N/A
6/30/2022	16	-96	-113	-43	N/A
3/31/2022	16	-114	-121	-57	N/A
12/31/2021	17	-133	-129	-71	N/A
9/30/2021	16	-104	-123	-68	N/A
6/30/2021	15	-75	-117	-64	N/A
3/31/2021	10	-65	-112	-56	N/A
12/31/2020	6	-55	-108	-47	N/A
9/30/2020	6	-45	-106	-36	N/A
6/30/2020	6	-35	-103	-26	N/A
3/31/2020	6	-24	-104	-22	N/A
12/31/2019	6	-13	-105	-18	N/A
9/30/2019	4	-14	-106	-20	N/A
6/30/2019	2	-15	-107	-22	N/A
3/31/2019	1	-13	-105	-19	N/A
12/31/2018	0	-11	-104	-16	N/A
9/30/2018	0	-11	-83	-11	N/A
6/30/2018	0	-10	-63	-7	N/A
3/31/2018	1	-8	N/A	-5	N/A
12/31/2017	2	-7	N/A	-4	N/A
12/31/2016	2	-3	N/A	-2	N/A

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 (2.4%).

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 is expected to become profitable in the next 3 years.

Revenue vs Market: ASA's revenue (25.9% per year) is forecast to grow faster than the Norwegian market (2.2% per year).

High Growth Revenue: ASA's revenue (25.9% per year) is forecast to grow faster than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: ASA is forecast to be unprofitable in 3 years.

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Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2024/12/22 07:47
End of Day Share Price	2024/12/20 00:00
Earnings	2024/06/30
Annual Earnings	2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* example for US securities, for non-US equivalent regulatory forms and sources are used.

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.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Atlantic Sapphire ASA is covered by 6 analysts. 3 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Alexander Jones	BofA Global Research
Ole-Andreas Krohn	DNB Markets
Martin Karlsen	DNB Markets

Atlantic Sapphire Future Growth

Future criteria checks 5/6

Key information

Recent future growth updates

Consensus EPS estimates upgraded to US$0.33 loss

Forecast breakeven date pushed back to 2026

Consensus revenue estimates increase by 51%

Consensus EPS estimates upgraded to US$0.48 loss

Consensus revenue estimates decrease by 27%, EPS upgraded

Consensus EPS estimates fall by 21%

Recent updates

New major risk - Shareholder dilution

Consensus EPS estimates upgraded to US$0.33 loss

First half 2024 earnings: EPS and revenues miss analyst expectations

Forecast breakeven date pushed back to 2026

Growth Investors: Industry Analysts Just Upgraded Their Atlantic Sapphire ASA (OB:ASA) Revenue Forecasts By 31%

Consensus revenue estimates increase by 51%

Consensus EPS estimates upgraded to US$0.48 loss

High number of new and inexperienced directors

Atlantic Sapphire ASA Approves Election of Patrick Dempster as Board Member

Atlantic Sapphire ASA Announces CEO Changes

Full year 2023 earnings released: US$0.33 loss per share (vs US$0.47 loss in FY 2022)

New minor risk - Profitability

Atlantic Sapphire ASA has completed a Follow-on Equity Offering in the amount of NOK 422.55 million.

Atlantic Sapphire ASA to Report Q4, 2023 Results on Feb 29, 2024

New major risk - Share price stability

Consensus revenue estimates decrease by 27%, EPS upgraded

Atlantic Sapphire ASA to Report Fiscal Year 2024 Results on Apr 24, 2025

Atlantic Sapphire ASA has completed a Follow-on Equity Offering in the amount of NOK 701.999999 million.

New major risk - Financial position

First half 2023 earnings: Revenues exceed analysts expectations while EPS lags behind

Consensus EPS estimates fall by 21%

New major risk - Share price stability

Atlantic Sapphire Asa Announces Executive Changes

New minor risk - Share price stability

Consensus EPS estimates fall by 26%

Full year 2022 earnings released: US$0.47 loss per share (vs US$1.53 loss in FY 2021)

Forecast to breakeven in 2025

Atlantic Sapphire ASA Announces Resignation of Alexander Reusas as Director

Director recently sold kr215k worth of stock

Less than half of directors are independent

No longer forecast to breakeven

Revenue Downgrade: Here's What Analysts Forecast For Atlantic Sapphire ASA (OB:ASA)

Consensus forecasts updated

Atlantic Sapphire Provides Harvest Guidance for the Second Half of 2022

Consensus EPS estimates fall by 20%

Forecast to breakeven in 2023

Director recently bought kr1.0m worth of stock

Consensus forecasts updated

Consensus revenue estimates fall by 23%

Atlantic Sapphire ASA (OB:ASA) Analysts Just Trimmed Their Revenue Forecasts By 23%

First half 2022 earnings: EPS and revenues exceed analyst expectations

Consensus forecasts updated

Now 21% undervalued after recent price drop

Bearish: Analysts Just Cut Their Atlantic Sapphire ASA (OB:ASA) Revenue and EPS estimates

Consensus revenue estimates fall by 14%

Price target decreased to kr47.60

Consensus forecasts updated

Consensus forecasts updated

Would Atlantic Sapphire (OB:ASA) Be Better Off With Less Debt?

Full year 2021 earnings: EPS and revenues miss analyst expectations

Less than half of directors are independent

Full year 2021 earnings: EPS and revenues miss analyst expectations

Atlantic Sapphire ASA Appoints Jon-Birger Løvik as Chief Operating Officer

Price target decreased to kr57.60

Is Now An Opportune Moment To Examine Atlantic Sapphire ASA (OB:ASA)?

Price target decreased to kr68.80

First half 2021 earnings: EPS and revenues miss analyst expectations

Less than half of directors are independent

First half 2021 earnings released: US$0.57 loss per share (vs US$0.46 loss in 1H 2020)

Insider recently bought kr2.0m worth of stock

Consensus EPS estimates fall to -US$0.22

Price target decreased to kr124

Director recently bought kr2.6m worth of stock

Price target decreased to kr145

Atlantic Sapphire ASA has completed a Follow-on Equity Offering in the amount of NOK 1.01558 billion.

Consensus forecasts updated

Forecast breakeven pushed back to 2022

Breakeven On The Horizon For Atlantic Sapphire ASA (OB:ASA)

Price target decreased to kr156