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ISLA

Icelandic SalmonOB:ISLAX Stock Report

Market Cap

kr4.3b

7D

0%

1Y

12.0%

Updated

24 Sep, 2021

Data

Company Financials +
ISLAX fundamental analysis
Snowflake Score
Valuation0/6
Future Growth5/6
Past Performance2/6
Financial Health4/6
Dividends0/6

ISLAX Overview

Icelandic Salmon AS engages in salmon farming and production activities in the Westfjords, Iceland.

Price History & Performance

Summary of all time highs, changes and price drops for Icelandic Salmon
Historical stock prices
Current Share Pricekr140.00
52 Week Highkr93.00
52 Week Lowkr150.00
Beta0
1 Month Change-1.41%
3 Month Change19.66%
1 Year Change12.00%
3 Year Changen/a
5 Year Changen/a
Change since IPO91.78%

Recent News & Updates

Shareholder Returns

ISLAXNO FoodNO Market
7D0%3.1%0.5%
1Y12.0%16.7%25.9%

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

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

Price Volatility

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

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

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

About the Company

FoundedEmployeesCEOWebsite
2009119Bjørn Hembrehttps://www.arnarlax.is/is

Icelandic Salmon AS engages in salmon farming and production activities in the Westfjords, Iceland. The company was formerly known as Arnarlax AS and changed its name to Icelandic Salmon AS in October 2020. Icelandic Salmon AS was founded in 2009 and is based in Bíldudalur, Iceland.

Icelandic Salmon Fundamentals Summary

How do Icelandic Salmon's earnings and revenue compare to its market cap?
ISLAX fundamental statistics
Market Cap€429.87m
Earnings (TTM)€5.87m
Revenue (TTM)€61.89m

73.2x

P/E Ratio

6.9x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
ISLAX income statement (TTM)
Revenue€61.89m
Cost of Revenue€23.90m
Gross Profit€37.99m
Expenses€32.12m
Earnings€5.87m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)0.19
Gross Margin61.38%
Net Profit Margin9.48%
Debt/Equity Ratio23.4%

How did ISLAX perform over the long term?

See historical performance and comparison

Valuation

Is Icelandic Salmon undervalued compared to its fair value and its price relative to the market?

73.25x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

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

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


Price To Earnings Ratio

PE vs Industry: ISLAX is poor value based on its PE Ratio (73.2x) compared to the Norwegian Food industry average (34.5x).

PE vs Market: ISLAX is poor value based on its PE Ratio (73.2x) compared to the Norwegian market (13.3x).


Price to Earnings Growth Ratio

PEG Ratio: ISLAX is poor value based on its PEG Ratio (1.2x)


Price to Book Ratio

PB vs Industry: ISLAX is overvalued based on its PB Ratio (3.9x) compared to the NO Food industry average (2.4x).


Future Growth

How is Icelandic Salmon forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

59.6%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: ISLAX's forecast earnings growth (59.6% per year) is above the savings rate (1.2%).

Earnings vs Market: ISLAX's earnings (59.6% 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: ISLAX's revenue (22.3% per year) is forecast to grow faster than the Norwegian market (5.8% per year).

High Growth Revenue: ISLAX's revenue (22.3% per year) is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: ISLAX's Return on Equity is forecast to be low in 3 years time (16.8%).


Past Performance

How has Icelandic Salmon performed over the past 5 years?

-3.7%

Last years revenue growth


Earnings and Revenue History

Quality Earnings: ISLAX has high quality earnings.

Growing Profit Margin: ISLAX became profitable in the past.


Past Earnings Growth Analysis

Earnings Trend: Unable to establish if ISLAX's year-on-year earnings growth rate was positive over the past 5 years as it has been trading publicly for less than 3 years.

Accelerating Growth: Unable to compare ISLAX's past year earnings growth to its 5-year average as it has been trading publicly for less than 3 years.

Earnings vs Industry: ISLAX has become profitable in the last year, making it difficult to compare its past year earnings growth to the Food industry (33.1%).


Return on Equity

High ROE: ISLAX's Return on Equity (5.3%) is considered low.


Financial Health

How is Icelandic Salmon's financial position?


Financial Position Analysis

Short Term Liabilities: ISLAX's short term assets (€70.4M) exceed its short term liabilities (€15.2M).

Long Term Liabilities: ISLAX's short term assets (€70.4M) exceed its long term liabilities (€26.8M).


Debt to Equity History and Analysis

Debt Level: ISLAX's debt to equity ratio (23.4%) is considered satisfactory.

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

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

Interest Coverage: ISLAX's interest payments on its debt are well covered by EBIT (5.6x coverage).


Balance Sheet


Dividend

What is Icelandic Salmon current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

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

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

Growing Dividend: Insufficient data to determine if ISLAX'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 ISLAX'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

Bjørn Hembre

no data

Tenure

Bjørn Hembre served as a General Manager of Northern Norway - Senja Sjøfarm AS of Salmar ASA. Mr. Hembre joined SalMar and served as a Production Manager and Production Coordinator at NorthTrøndelag, a pos...


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.


Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 16.3%.


Top Shareholders

Company Information

Icelandic Salmon AS's employee growth, exchange listings and data sources


Key Information

  • Name: Icelandic Salmon AS
  • Ticker: ISLAX
  • Exchange: OB
  • Founded: 2009
  • Industry: Packaged Foods and Meats
  • Sector: Food, Beverage & Tobacco
  • Market Cap: kr4.335b
  • Shares outstanding: 30.96m
  • Website: https://www.arnarlax.is/is

Number of Employees


Location

  • Icelandic Salmon AS
  • Strandgata 1
  • Bíldudalur
  • 465
  • 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 23:03
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.