Ice Fish Farm AS operates as a fish farm in Iceland.
Price History & Performance
|Historical stock prices|
|Current Share Price||kr44.20|
|52 Week High||kr38.00|
|52 Week Low||kr49.80|
|1 Month Change||-3.91%|
|3 Month Change||-5.96%|
|1 Year Change||4.01%|
|3 Year Change||n/a|
|5 Year Change||n/a|
|Change since IPO||20.77%|
Recent News & Updates
|IFISH||NO Food||NO Market|
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.
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
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
|IFISH fundamental statistics|
Is IFISH overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|IFISH income statement (TTM)|
|Cost of Revenue||kr183.95m|
Last Reported Earnings
Jun 30, 2021
Next Earnings Date
Nov 11, 2021
|Earnings per share (EPS)||0.37|
|Net Profit Margin||6.49%|
How did IFISH perform over the long term?See historical performance and comparison
Is Ice Fish Farm undervalued compared to its fair value and its price relative to the market?
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).
How is Ice Fish Farm forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?
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%)
How has Ice Fish Farm performed over the past 5 years?
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.
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).
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.
How experienced are the management team and are they aligned to shareholders interests?
Gudmundur Gislason serves as the Chairman of the Board at Ice Fish Farm AS
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
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Ice Fish Farm AS's employee growth, exchange listings and data sources
- 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
- Ice Fish Farm AS
- Nesbala 122
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/09/24 23:01|
|End of Day Share Price||2021/09/24 00:00|
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.