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IFIS

Ice Fish FarmOB:IFISH Stock Report

Market Cap

kr2.4b

7D

-1.6%

1Y

4.0%

Updated

24 Sep, 2021

Data

Company Financials +
IFISH fundamental analysis
Snowflake Score
Valuation3/6
Future Growth6/6
Past Performance1/6
Financial Health3/6
Dividends0/6

IFISH Overview

Ice Fish Farm AS operates as a fish farm in Iceland.

Price History & Performance

Summary of all time highs, changes and price drops for Ice Fish Farm
Historical stock prices
Current Share Pricekr44.20
52 Week Highkr38.00
52 Week Lowkr49.80
Beta0
1 Month Change-3.91%
3 Month Change-5.96%
1 Year Change4.01%
3 Year Changen/a
5 Year Changen/a
Change since IPO20.77%

Recent News & Updates

Shareholder Returns

IFISHNO FoodNO Market
7D-1.6%1.5%1.2%
1Y4.0%15.9%26.4%

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

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

Price Volatility

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

Stable Share Price: IFISH is not significantly more volatile than the rest of Norwegian stocks over the past 3 months, typically moving +/- 5% a week.

Volatility Over Time: IFISH's weekly volatility (5%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
202051Gudmundur Gislasonhttps://www.icefishfarm.is

Ice Fish Farm AS operates as a fish farm in Iceland. The company engages in the farming of salmon fishes. In addition, it operates smolt stations.

Ice Fish Farm Fundamentals Summary

How do Ice Fish Farm's earnings and revenue compare to its market cap?
IFISH fundamental statistics
Market Capkr2.43b
Earnings (TTM)kr20.04m
Revenue (TTM)kr308.66m

119.1x

P/E Ratio

7.7x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
IFISH income statement (TTM)
Revenuekr308.66m
Cost of Revenuekr183.95m
Gross Profitkr124.71m
Expenseskr104.68m
Earningskr20.04m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

Nov 11, 2021

Earnings per share (EPS)0.37
Gross Margin40.40%
Net Profit Margin6.49%
Debt/Equity Ratio30.6%

How did IFISH perform over the long term?

See historical performance and comparison

Valuation

Is Ice Fish Farm undervalued compared to its fair value and its price relative to the market?

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: IFISH (NOK44.2) is trading below our estimate of fair value (NOK154.79)

Significantly Below Fair Value: IFISH is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: IFISH is poor value based on its PE Ratio (119.1x) compared to the Norwegian Food industry average (34.5x).

PE vs Market: IFISH is poor value based on its PE Ratio (119.1x) compared to the Norwegian market (13.3x).


Price to Earnings Growth Ratio

PEG Ratio: IFISH is poor value based on its PEG Ratio (2.3x)


Price to Book Ratio

PB vs Industry: IFISH is good value based on its PB Ratio (2.2x) compared to the NO Food industry average (2.4x).


Future Growth

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

51.2%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: IFISH's forecast earnings growth (51.2% per year) is above the savings rate (1.2%).

Earnings vs Market: IFISH's earnings (51.2% per year) are forecast to grow faster than the Norwegian market (10.3% per year).

High Growth Earnings: earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: IFISH's revenue (37.3% per year) is forecast to grow faster than the Norwegian market (5.8% per year).

High Growth Revenue: IFISH's revenue (37.3% per year) is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: IFISH's Return on Equity is forecast to be high in 3 years time (22%)


Past Performance

How has Ice Fish Farm performed over the past 5 years?

77.0%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: IFISH has a high level of non-cash earnings.

Growing Profit Margin: IFISH's current net profit margins (6.5%) are lower than last year (13.9%).


Past Earnings Growth Analysis

Earnings Trend: IFISH's earnings have grown significantly by 77% per year over the past 5 years.

Accelerating Growth: IFISH's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: IFISH had negative earnings growth (-39.1%) over the past year, making it difficult to compare to the Food industry average (33.1%).


Return on Equity

High ROE: IFISH's Return on Equity (1.8%) is considered low.


Financial Health

How is Ice Fish Farm's financial position?


Financial Position Analysis

Short Term Liabilities: IFISH's short term assets (NOK392.5M) exceed its short term liabilities (NOK143.6M).

Long Term Liabilities: IFISH's short term assets (NOK392.5M) exceed its long term liabilities (NOK316.0M).


Debt to Equity History and Analysis

Debt Level: IFISH's debt to equity ratio (30.6%) is considered satisfactory.

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

Debt Coverage: IFISH's operating cash flow is negative, therefore debt is not well covered.

Interest Coverage: IFISH's interest payments on its debt are not well covered by EBIT (1.9x coverage).


Balance Sheet


Dividend

What is Ice Fish Farm current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

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

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

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


CEO

Gudmundur Gislason

no data

Tenure

Gudmundur Gislason serves as the Chairman of the Board at Ice Fish Farm AS


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.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Ice Fish Farm AS's employee growth, exchange listings and data sources


Key Information

  • Name: Ice Fish Farm AS
  • Ticker: IFISH
  • Exchange: OB
  • Founded: 2020
  • Industry: Packaged Foods and Meats
  • Sector: Food, Beverage & Tobacco
  • Market Cap: kr2.430b
  • Shares outstanding: 54.00m
  • Website: https://www.icefishfarm.is

Number of Employees


Location

  • Ice Fish Farm AS
  • Nesbala 122
  • Seltjarnarnes
  • 170
  • 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 23:01
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.