Icelandic Salmon AS engages in salmon farming and production activities in the Westfjords, Iceland.
Price History & Performance
|Historical stock prices|
|Current Share Price||kr140.00|
|52 Week High||kr93.00|
|52 Week Low||kr150.00|
|1 Month Change||-1.41%|
|3 Month Change||19.66%|
|1 Year Change||12.00%|
|3 Year Change||n/a|
|5 Year Change||n/a|
|Change since IPO||91.78%|
Recent News & Updates
|ISLAX||NO Food||NO Market|
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.
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
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
|ISLAX fundamental statistics|
Is ISLAX overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|ISLAX income statement (TTM)|
|Cost of Revenue||€23.90m|
Last Reported Earnings
Jun 30, 2021
Next Earnings Date
|Earnings per share (EPS)||0.19|
|Net Profit Margin||9.48%|
How did ISLAX perform over the long term?See historical performance and comparison
Is Icelandic Salmon undervalued compared to its fair value and its price relative to the market?
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).
How is Icelandic Salmon 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: 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%).
How has Icelandic Salmon performed over the past 5 years?
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.
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).
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.
How experienced are the management team and are they aligned to shareholders interests?
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...
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.
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 16.3%.
Icelandic Salmon AS's employee growth, exchange listings and data sources
- 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
- Icelandic Salmon AS
- Strandgata 1
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/09/24 23:03|
|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.