MAS

MåsøvalOB:MAS Stock Report

Market Cap

kr4.6b

7D

-0.02%

1Y

n/a

Updated

16 Sep, 2021

Data

Company Financials +
MAS fundamental analysis
Snowflake Score
Valuation2/6
Future Growth5/6
Past Performance0/6
Financial Health1/6
Dividends0/6

MAS Overview

Måsøval AS, an aquaculture company, produces and sells salmon in various European countries, the United States, and Asia.

Price History & Performance

Summary of all time highs, changes and price drops for Måsøval
Historical stock prices
Current Share Pricekr42.49
52 Week Highkr34.20
52 Week Lowkr44.00
Beta0
1 Month Change5.04%
3 Month Change11.82%
1 Year Changen/a
3 Year Changen/a
5 Year Changen/a
Change since IPO12.41%

Recent News & Updates

Shareholder Returns

MASNO FoodNO Market
7D-0.02%-0.2%0.1%
1Yn/a10.2%21.7%

Return vs Industry: Insufficient data to determine how MAS performed against the Norwegian Food industry.

Return vs Market: Insufficient data to determine how MAS performed against the Norwegian Market.

Price Volatility

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

Stable Share Price: MAS is not significantly more volatile than the rest of Norwegian stocks over the past 3 months, typically moving +/- 4% a week.

Volatility Over Time: Insufficient data to determine MAS's volatility change over the past year.

About the Company

FoundedEmployeesCEOWebsite
1973150n/ahttps://www.masoval.no

Måsøval AS, an aquaculture company, produces and sells salmon in various European countries, the United States, and Asia. The company was founded in 1973 and is based in Frøya, Norway. Måsøval AS operates as a subsidiary of Måsøval Eiendom AS.

Måsøval Fundamentals Summary

How do Måsøval's earnings and revenue compare to its market cap?
MAS fundamental statistics
Market Capkr4.59b
Earnings (TTM)kr102.68m
Revenue (TTM)kr747.37m

44.7x

P/E Ratio

6.1x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
MAS income statement (TTM)
Revenuekr747.37m
Cost of Revenuekr436.50m
Gross Profitkr310.87m
Expenseskr208.19m
Earningskr102.68m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

Nov 18, 2021

Earnings per share (EPS)0.95
Gross Margin41.59%
Net Profit Margin13.74%
Debt/Equity Ratio181.5%

How did MAS perform over the long term?

See historical performance and comparison

Valuation

Is Måsøval 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: MAS (NOK42.49) is trading below our estimate of fair value (NOK86.64)

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


Price To Earnings Ratio

PE vs Industry: MAS is poor value based on its PE Ratio (44.7x) compared to the Norwegian Food industry average (25.9x).

PE vs Market: MAS is poor value based on its PE Ratio (44.7x) compared to the Norwegian market (13.9x).


Price to Earnings Growth Ratio

PEG Ratio: MAS is poor value based on its PEG Ratio (1.7x)


Price to Book Ratio

PB vs Industry: MAS is overvalued based on its PB Ratio (7.5x) compared to the NO Food industry average (2.4x).


Future Growth

How is Måsøval forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?

26.2%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: MAS's forecast earnings growth (26.2% per year) is above the savings rate (1.2%).

Earnings vs Market: MAS's earnings (26.2% per year) are forecast to grow faster than the Norwegian market (9.2% per year).

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

Revenue vs Market: MAS's revenue (15.4% per year) is forecast to grow faster than the Norwegian market (5.9% per year).

High Growth Revenue: MAS's revenue (15.4% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: MAS's Return on Equity is forecast to be high in 3 years time (23.6%)


Past Performance

How has Måsøval performed over the past 5 years?

-36.0%

Last years earnings growth


Earnings and Revenue History

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

Growing Profit Margin: MAS's current net profit margins (13.7%) are lower than last year (18.5%).


Past Earnings Growth Analysis

Earnings Trend: Insufficient data to determine if MAS's year-on-year earnings growth rate was positive over the past 5 years.

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

Earnings vs Industry: MAS had negative earnings growth (-36%) over the past year, making it difficult to compare to the Food industry average (43.6%).


Return on Equity

High ROE: MAS's Return on Equity (16.1%) is considered low.


Financial Health

How is Måsøval's financial position?


Financial Position Analysis

Short Term Liabilities: MAS's short term assets (NOK759.2M) exceed its short term liabilities (NOK551.0M).

Long Term Liabilities: MAS's short term assets (NOK759.2M) do not cover its long term liabilities (NOK1.0B).


Debt to Equity History and Analysis

Debt Level: MAS's debt to equity ratio (181.5%) is considered high.

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

Debt Coverage: MAS's debt is not well covered by operating cash flow (7.6%).

Interest Coverage: MAS's interest payments on its debt are not well covered by EBIT (2x coverage).


Balance Sheet


Dividend

What is Måsøval current dividend yield, its reliability and sustainability?

1.79%

Forecast Dividend Yield


Dividend Yield vs Market

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

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

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

Måsøval has no CEO, or we have no data on them.


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: MAS only recently listed within the past 12 months.


Top Shareholders

Company Information

Måsøval AS's employee growth, exchange listings and data sources


Key Information

  • Name: Måsøval AS
  • Ticker: MAS
  • Exchange: OB
  • Founded: 1973
  • Industry: Packaged Foods and Meats
  • Sector: Food, Beverage & Tobacco
  • Market Cap: kr4.585b
  • Shares outstanding: 107.92m
  • Website: https://www.masoval.no

Number of Employees


Location

  • Måsøval AS
  • Nordfrøyveien 413
  • Sistranda
  • Frøya
  • Sør-Trøndelag
  • 7260
  • Norway

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/09/16 04:58
End of Day Share Price2021/09/15 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.