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PROX

Proximar Seafood OB:PROXI Stock Report

Last Price

kr7.15

Market Cap

kr284.5m

7D

-4.7%

1Y

-5.9%

Updated

02 Oct, 2022

Data

Company Financials +
PROXI fundamental analysis
Snowflake Score
Valuation2/6
Future Growth3/6
Past Performance0/6
Financial Health2/6
Dividends0/6

PROXI Stock Overview

Proximar Seafood AS, a seafood company, engages in the land-based fish farming.

Proximar Seafood Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Proximar Seafood
Historical stock prices
Current Share Pricekr7.15
52 Week Highkr9.65
52 Week Lowkr6.51
Beta0
1 Month Change-11.07%
3 Month Change-0.69%
1 Year Change-5.92%
3 Year Changen/a
5 Year Changen/a
Change since IPO-61.56%

Recent News & Updates

Shareholder Returns

PROXINO FoodNO Market
7D-4.7%-20.4%-0.1%
1Y-5.9%-28.3%-5.4%

Return vs Industry: PROXI exceeded the Norwegian Food industry which returned -28.3% over the past year.

Return vs Market: PROXI matched the Norwegian Market which returned -5.4% over the past year.

Price Volatility

Is PROXI's price volatile compared to industry and market?
PROXI volatility
PROXI Average Weekly Movement4.2%
Food Industry Average Movement6.5%
Market Average Movement6.8%
10% most volatile stocks in NO Market11.2%
10% least volatile stocks in NO Market3.8%

Stable Share Price: PROXI is less volatile than 75% of Norwegian stocks over the past 3 months, typically moving +/- 4% a week.

Volatility Over Time: PROXI's weekly volatility (4%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
20157Joachim Nielsenhttps://proximarseafood.com

Proximar Seafood AS, a seafood company, engages in the land-based fish farming. It produces Atlantic salmon. The company was incorporated in 2015 and is headquartered in Bergen, Norway.

Proximar Seafood Fundamentals Summary

How do Proximar Seafood's earnings and revenue compare to its market cap?
PROXI fundamental statistics
Market Capkr284.48m
Earnings (TTM)-kr16.64m
Revenue (TTM)n/a

0.0x

P/S Ratio

-17.1x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
PROXI income statement (TTM)
Revenuekr0
Cost of Revenuekr0
Gross Profitkr0
Other Expenseskr16.64m
Earnings-kr16.64m

Last Reported Earnings

Jun 30, 2022

Next Earnings Date

n/a

Earnings per share (EPS)-0.42
Gross Margin0.00%
Net Profit Margin0.00%
Debt/Equity Ratio50.3%

How did PROXI perform over the long term?

See historical performance and comparison
We’ve recently updated our valuation analysis.

Valuation

Is PROXI undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

2/6

Valuation Score 2/6

  • Price-To-Book vs Peers

  • Price-To-Book vs Industry

  • Price-To-Book vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

Which metric is best to use when looking at relative valuation for PROXI?

Other financial metrics that can be useful for relative valuation.

PROXI key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenuen/a
Enterprise Value/EBITDA-26.1x
PEG Ration/a

Price to Book Ratio vs Peers

How does PROXI's PB Ratio compare to its peers?

PROXI PB Ratio vs Peers
The above table shows the PB ratio for PROXI vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPBEstimated GrowthMarket Cap
Peer Average1.6x
LUMA Lumarine
1.3xn/akr222.2m
STATT Statt Torsk
2.4xn/akr386.6m
NOHAL Nordic Halibut
1.6x72.0%kr612.6m
NOAP Nordic Aqua Partners
1.1x57.5%kr635.6m
PROXI Proximar Seafood
0.8x75.6%kr284.5m

Price-To-Book vs Peers: PROXI is good value based on its Price-To-Book Ratio (0.8x) compared to the peer average (1.6x).


Price to Earnings Ratio vs Industry

How does PROXI's PE Ratio compare vs other companies in the NO Food Industry?

Price-To-Book vs Industry: PROXI is good value based on its Price-To-Book Ratio (0.8x) compared to the Norwegian Food industry average (1.7x)


Price to Book Ratio vs Fair Ratio

What is PROXI's PB Ratio compared to its Fair PB Ratio? This is the expected PB Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

PROXI PB Ratio vs Fair Ratio.
Fair Ratio
Current PB Ratio0.8x
Fair PB Ration/a

Price-To-Book vs Fair Ratio: Insufficient data to calculate PROXI's Price-To-Book Fair Ratio for valuation analysis.


Share Price vs Fair Value

What is the Fair Price of PROXI when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: Insufficient data to calculate PROXI's fair value for valuation analysis.

Significantly Below Fair Value: Insufficient data to calculate PROXI's fair value for valuation analysis.


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Insufficient data to show price forecast.


Discover undervalued companies

Future Growth

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

Future Growth Score

3/6

Future Growth Score 3/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


75.6%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

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

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

High Growth Earnings: PROXI is expected to become profitable in the next 3 years.

Revenue vs Market: PROXI is forecast to have no revenue next year.

High Growth Revenue: PROXI is forecast to have no revenue next year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: PROXI's Return on Equity is forecast to be low in 3 years time (8.8%).


Discover growth companies

Past Performance

How has Proximar Seafood 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


39.1%

Last years earnings growth

Earnings and Revenue History

Quality Earnings: PROXI is currently unprofitable.

Growing Profit Margin: PROXI is currently unprofitable.


Past Earnings Growth Analysis

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

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

Earnings vs Industry: PROXI is unprofitable, making it difficult to compare its past year earnings growth to the Food industry (58.4%).


Return on Equity

High ROE: PROXI has a negative Return on Equity (-4.6%), as it is currently unprofitable.


Discover strong past performing companies

Financial Health

How is Proximar Seafood's financial position?

Financial Health Score

2/6

Financial Health Score 2/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Stable Cash Runway

  • Forecast Cash Runway

Financial Position Analysis

Short Term Liabilities: PROXI's short term assets (NOK78.2M) do not cover its short term liabilities (NOK191.3M).

Long Term Liabilities: PROXI's short term assets (NOK78.2M) exceed its long term liabilities (NOK1.4M).


Debt to Equity History and Analysis

Debt Level: PROXI's net debt to equity ratio (29.9%) is considered satisfactory.

Reducing Debt: Insufficient data to determine if PROXI's debt to equity ratio has reduced 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: PROXI has less than a year of cash runway based on its current free cash flow.

Forecast Cash Runway: PROXI has less than a year of cash runway if free cash flow continues to reduce at historical rates of 59.3% each year


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Dividend

What is Proximar Seafood 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

  • Cash Flow Coverage

Dividend Yield vs Market

Proximar Seafood Dividend Yield vs Market
How does Proximar Seafood dividend yield compare to the market?
SegmentDividend Yield
Company (Proximar Seafood)n/a
Market Bottom 25% (NO)3.8%
Market Top 25% (NO)8.0%
Industry Average (Food)4.4%
Analyst forecast in 3 Years (Proximar Seafood)0%

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

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

Growing Dividend: Insufficient data to determine if PROXI'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 PROXI has not reported any payouts.


Discover strong dividend paying companies

Management

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

4.8yrs

Average management tenure


CEO

Joachim Nielsen

6.75yrs

Tenure

Mr. Joachim Nielsen is the Chief Executive Officer at Proximar Seafood AS since 2016. Mr. Nielsen is a co-founder of Proximar Seafood and started working with it's project from 2014. He previously held pos...


Leadership Team

Experienced Management: PROXI's management team is considered experienced (4.8 years average tenure).


Board Members

Experienced Board: PROXI's board of directors are not considered experienced ( 1.3 years average tenure), which suggests a new board.


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.


Recent Insider Transactions

OB:PROXI Recent Insider Transactions by Companies or Individuals
DateValueNameEntityRoleSharesMax Price
08 Feb 22Buykr82,800Dharma RajeswaranIndividual10,000kr8.28
04 Feb 22Buykr205,050Marius BirkenesIndividual27,747kr7.39
31 Jan 22Buykr42,420Pal GrimsrudIndividual6,000kr7.07
14 Jan 22Buykr337,500Fridtjof FalckIndividual50,000kr6.75
14 Jan 22Buykr32,393Vivian LundeIndividual4,499kr7.20
14 Jan 22Buykr1,754,999Per GriegIndividual260,000kr6.75
14 Dec 21Buykr354,500Katrine TrovikIndividual50,000kr7.09
29 Nov 21Buykr155,749Peder SollieIndividual19,715kr7.90
15 Nov 21Buykr78,000Marius BirkenesIndividual10,000kr7.80
15 Nov 21Buykr19,750Vivian LundeIndividual2,500kr7.90
12 Nov 21Buykr38,000Joachim NielsenIndividual5,000kr7.60

Ownership Breakdown

What is the ownership structure of PROXI?
Owner TypeNumber of SharesOwnership Percentage
Institutions3,382,3718.5%
Individual Insiders7,210,29318.1%
General Public8,750,98622.0%
Private Companies20,444,00051.4%

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Top 25 shareholders own 73.13% of the company
OwnershipNameSharesCurrent ValueChange %Portfolio %
10.04%
Daimyo AS
3,996,238NOK28.6m0%no data
7.99%
Grieg Maturitas AS
3,180,049NOK22.7m0%no data
7.05%
Joachim Nielsen
2,805,000NOK20.1m0%no data
6.9%
Per Grieg
2,744,844NOK19.6m0%no data
5.43%
SHV Holdings N.V.
2,160,493NOK15.4m0%no data
5.37%
Nordic Delta As
2,136,640NOK15.3m2.32%no data
3.71%
Pactum AS
1,474,567NOK10.5m0%no data
3.48%
T.D. VEEN AS
1,384,567NOK9.9m0%2.81%
3.12%
Helida AS
1,242,000NOK8.9m13.42%no data
2.56%
Zolen & Månen AS
1,018,000NOK7.3m13.17%no data
1.89%
Om Holding As
750,000NOK5.4m0%no data
1.85%
Middelborg Invest AS
737,350NOK5.3m0%2.66%
1.61%
Nordnet Pensionsförsäkring Ab, Asset Management Arm
642,011NOK4.6m-11%0.15%
1.61%
Vitamar As
640,000NOK4.6m0%no data
1.37%
Sulefjell AS
543,543NOK3.9m22.55%no data
1.26%
M Paulen Holding AS
502,475NOK3.6m0%no data
1.11%
Klaveness Marine Finance As., Asset Management Arm
440,963NOK3.2m0%1.59%
1.01%
Tomas Frafjord
401,000NOK2.9m0%no data
1.01%
Art Group AS
400,000NOK2.9m0%no data
0.94%
Agito Invest AS
375,000NOK2.7m7.14%no data
0.89%
Alden AS
355,000NOK2.5m0%no data
0.87%
Mondrian AS
345,000NOK2.5m0%no data
0.74%
Even Norheim
293,521NOK2.1m0%no data
0.7%
Midelfart Invest As
280,000NOK2.0m0%no data
0.63%
Fridtjof Falck
250,000NOK1.8m0%no data

Company Information

Proximar Seafood AS's employee growth, exchange listings and data sources


Key Information

  • Name: Proximar Seafood AS
  • Ticker: PROXI
  • Exchange: OB
  • Founded: 2015
  • Industry: Packaged Foods and Meats
  • Sector: Food, Beverage & Tobacco
  • Implied Market Cap: kr284.482m
  • Shares outstanding: 39.79m
  • Website: https://proximarseafood.com

Number of Employees


Location

  • Proximar Seafood AS
  • Edvard Griegs vei 3CN
  • Bergen
  • Hordaland
  • 5059
  • Norway


Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
PROXIOB (Oslo Bors)YesOrdinary SharesNONOKFeb 2021
84QDB (Deutsche Boerse AG)YesOrdinary SharesDEEURFeb 2021

Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/10/02 00:00
End of Day Share Price2022/09/30 00:00
Earnings2022/06/30
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.