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NOHA

Nordic Halibut OB:NOHAL Stock Report

Last Price

kr27.00

Market Cap

kr787.6m

7D

0.7%

1Y

-2.7%

Updated

26 May, 2022

Data

Company Financials +
NOHAL fundamental analysis
Snowflake Score
Valuation3/6
Future Growth5/6
Past Performance0/6
Financial Health6/6
Dividends0/6

NOHAL Stock Overview

Nordic Halibut AS produces and sells farmed Atlantic halibut products in worldwide.

Nordic Halibut Competitors

 

 

 

 

 

 

 

 

 

 

 

 

Price History & Performance

Summary of all time highs, changes and price drops for Nordic Halibut
Historical stock prices
Current Share Pricekr27.00
52 Week Highkr34.90
52 Week Lowkr23.40
Beta8.84
1 Month Change-4.93%
3 Month Change8.04%
1 Year Change-2.74%
3 Year Changen/a
5 Year Changen/a
Change since IPO440.00%

Recent News & Updates

Shareholder Returns

NOHALNO FoodNO Market
7D0.7%3.0%1.9%
1Y-2.7%2.5%15.0%

Return vs Industry: NOHAL underperformed the Norwegian Food industry which returned 2.5% over the past year.

Return vs Market: NOHAL underperformed the Norwegian Market which returned 15% over the past year.

Price Volatility

Is NOHAL's price volatile compared to industry and market?
NOHAL volatility
NOHAL Average Weekly Movement6.4%
Food Industry Average Movement6.2%
Market Average Movement7.4%
10% most volatile stocks in NO Market13.1%
10% least volatile stocks in NO Market4.1%

Stable Share Price: NOHAL is not significantly more volatile than the rest of Norwegian stocks over the past 3 months, typically moving +/- 6% a week.

Volatility Over Time: NOHAL's weekly volatility (6%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
199544Edvard Hendenhttps://www.nordichalibut.com

Nordic Halibut AS produces and sells farmed Atlantic halibut products in worldwide. It offers fresh and frozen halibut products. The company was incorporated in 1995 and is headquartered in Averøy, Norway.

Nordic Halibut Fundamentals Summary

How do Nordic Halibut's earnings and revenue compare to its market cap?
NOHAL fundamental statistics
Market Capkr787.57m
Earnings (TTM)-kr58.40m
Revenue (TTM)kr78.51m

10.0x

P/S Ratio

-13.5x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
NOHAL income statement (TTM)
Revenuekr78.51m
Cost of Revenuekr55.52m
Gross Profitkr22.99m
Other Expenseskr81.39m
Earnings-kr58.40m

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

Aug 23, 2022

Earnings per share (EPS)-2.00
Gross Margin29.28%
Net Profit Margin-74.38%
Debt/Equity Ratio8.7%

How did NOHAL perform over the long term?

See historical performance and comparison

Valuation

Is Nordic Halibut undervalued compared to its fair value and its price relative to the market?

Valuation Score

3/6

Valuation Score 3/6

  • Below Fair Value

  • Significantly Below Fair Value

  • PE vs Industry

  • PE vs Market

  • PEG Ratio

  • PB vs Industry


>50%

Undervalued compared to fair value

Share Price vs. Fair Value

Below Fair Value: NOHAL (NOK27) is trading below our estimate of fair value (NOK257.45)

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


Price To Earnings Ratio

PE vs Industry: NOHAL is unprofitable, so we can't compare its Price-To-Earnings Ratio to the Norwegian Food industry average.

PE vs Market: NOHAL is unprofitable, so we can't compare its Price-To-Earnings Ratio to the Norwegian market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate NOHAL's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: NOHAL is good value based on its Price-To-Book Ratio (2x) compared to the NO Food industry average (2.4x).


Future Growth

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

Future Growth Score

5/6

Future Growth Score 5/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


74.3%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: NOHAL is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (1.1%).

Earnings vs Market: NOHAL is forecast to become profitable over the next 3 years, which is considered above average market growth.

High Growth Earnings: NOHAL's is expected to become profitable in the next 3 years.

Revenue vs Market: NOHAL's revenue (42.3% per year) is forecast to grow faster than the Norwegian market (0.7% per year).

High Growth Revenue: NOHAL's revenue (42.3% per year) is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: NOHAL's Return on Equity is forecast to be low in 3 years time (14.5%).


Past Performance

How has Nordic Halibut performed over the past 5 years?

Past Performance Score

0/6

Past Performance Score 0/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


-29.5%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: NOHAL is currently unprofitable.

Growing Profit Margin: NOHAL is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: NOHAL is unprofitable, and losses have increased over the past 5 years at a rate of 29.5% per year.

Accelerating Growth: Unable to compare NOHAL's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: NOHAL is unprofitable, making it difficult to compare its past year earnings growth to the Food industry (35.5%).


Return on Equity

High ROE: NOHAL has a negative Return on Equity (-14.8%), as it is currently unprofitable.


Financial Health

How is Nordic Halibut's financial position?

Financial Health Score

6/6

Financial Health Score 6/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Stable Cash Runway

  • Forecast Cash Runway

Financial Position Analysis

Short Term Liabilities: NOHAL's short term assets (NOK260.8M) exceed its short term liabilities (NOK40.8M).

Long Term Liabilities: NOHAL's short term assets (NOK260.8M) exceed its long term liabilities (NOK40.8M).


Debt to Equity History and Analysis

Debt Level: NOHAL has more cash than its total debt.

Reducing Debt: NOHAL's debt to equity ratio has reduced from 64% to 8.7% over the past 5 years.


Balance Sheet


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: NOHAL has sufficient cash runway for more than a year based on its current free cash flow.

Forecast Cash Runway: NOHAL has sufficient cash runway for 1.3 years if free cash flow continues to reduce at historical rates of 32.8% each year.


Dividend

What is Nordic Halibut current dividend yield, its reliability and sustainability?

Dividend Score

0/6

Dividend Score 0/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Future Dividend Coverage


2.78%

Forecast Dividend Yield

Dividend Yield vs Market

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

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

Growing Dividend: Insufficient data to determine if NOHAL's dividend payments have been increasing.


Earnings Payout to Shareholders

Earnings Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: Unable to calculate sustainability of dividends as NOHAL has not reported any payouts.


Discover strong dividend paying companies

Management

How experienced are the management team and are they aligned to shareholders interests?

1.0yrs

Average management tenure


CEO

Edvard Henden

no data

Tenure

Mr. Edvard E. Henden serves as Chief Executive Officer of Nordic Halibut AS and served as its Production Manager.


Leadership Team

Experienced Management: NOHAL's management team is not considered experienced ( 1 years average tenure), which suggests a new team.


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 26.9%.


Top Shareholders

Company Information

Nordic Halibut AS's employee growth, exchange listings and data sources


Key Information

  • Name: Nordic Halibut AS
  • Ticker: NOHAL
  • Exchange: OB
  • Founded: 1995
  • Industry: Packaged Foods and Meats
  • Sector: Food, Beverage & Tobacco
  • Implied Market Cap: kr787.569m
  • Shares outstanding: 29.17m
  • Website: https://www.nordichalibut.com

Number of Employees


Location

  • Nordic Halibut AS
  • Næringsveien 18
  • Averøy
  • Møre og Romsdal
  • 6530
  • Norway

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/05/26 00:00
End of Day Share Price2022/05/25 00:00
Earnings2022/03/31
Annual Earnings2021/12/31


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.