OB:SSC

Stock Analysis Report

Executive Summary

The Scottish Salmon Company PLC produces, processes, markets, and sells Scottish seafood products primarily in Scotland.

Snowflake

Fundamentals

Outstanding track record with flawless balance sheet.

Risks

  • Scottish Salmon has significant price volatility in the past 3 months.

Share Price & News

How has Scottish Salmon's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

0.7%

OB:SSC

0.7%

NO Food

1.7%

NO Market


1 Year Return

94.5%

OB:SSC

12.9%

NO Food

-6.1%

NO Market

SSC outperformed the Food industry which returned 11% over the past year.

SSC outperformed the Market in Norway which returned -7.2% over the past year.


Share holder returns

SSCIndustryMarket
7 Day0.7%0.7%1.7%
30 Day-1.9%-4.0%-0.9%
90 Day35.2%2.8%-4.2%
1 Year101.2%94.5%17.9%12.9%-1.5%-6.1%
3 Year257.5%232.6%63.2%39.6%56.4%36.4%
5 Year391.2%357.0%188.4%125.4%43.4%11.6%

Price Volatility Vs. Market

How volatile is Scottish Salmon's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Scottish Salmon undervalued based on future cash flows and its price relative to the stock market?

16%

Discount to future cash flow value


Intrinsic Value Based on Future Cash Flows

Scottish Salmon's share price is below the future cash flow value, but not at a moderate discount (< 20%).

Scottish Salmon's share price is below the future cash flow value, but not at a substantial discount (< 40%).


Price Based on Earnings

Scottish Salmon is good value based on earnings compared to the NO Food industry average.

Scottish Salmon is good value based on earnings compared to the Norway market.


Price Based on Expected Growth

Scottish Salmon earnings are not expected to grow next year, we can't assess if its growth is good value.


Price Based on Value of Assets

Scottish Salmon is good value based on assets compared to the NO Food industry average.


Next Steps

Future Growth

How is Scottish Salmon expected to perform in the next 1 to 3 years based on estimates from 3 analysts?

-1.0%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

Scottish Salmon's revenue is expected to grow by 5.3% yearly, however this is not considered high growth (20% yearly).

Scottish Salmon's earnings are expected to decrease over the next 1-3 years, this is not considered high growth.

Scottish Salmon's revenue growth is expected to exceed the Norway market average.

Scottish Salmon's earnings are expected to decrease over the next 1-3 years, this is below the Norway market average.

Scottish Salmon's earnings are expected to decrease over the next 1-3 years, this is below the low risk savings rate of 1.8%.


Earnings per Share Growth Estimates


Future Return on Equity

Scottish Salmon is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).


Next Steps

Past Performance

How has Scottish Salmon performed over the past 5 years?

41.5%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Scottish Salmon has delivered over 20% year on year earnings growth in the past 5 years.

Scottish Salmon's 1-year earnings growth exceeds its 5-year average (97.5% vs 41.5%)

Scottish Salmon's earnings growth has exceeded the NO Food industry average in the past year (97.5% vs 16.6%).


Return on Equity

Scottish Salmon has efficiently used shareholders’ funds last year (Return on Equity greater than 20%).


Return on Assets

Scottish Salmon used its assets more efficiently than the NO Food industry average last year based on Return on Assets.


Return on Capital Employed

Scottish Salmon has become profitable over the past 3 years. This is considered to be a significant improvement in its use of capital (Return on Capital Employed).


Next Steps

Financial Health

How is Scottish Salmon's financial position?


Financial Position Analysis

Scottish Salmon is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.

Scottish Salmon's cash and other short term assets cover its long term commitments.


Debt to Equity History and Analysis

Scottish Salmon's level of debt (26.2%) compared to net worth is satisfactory (less than 40%).

The level of debt compared to net worth has been reduced over the past 5 years (81.3% vs 26.2% today).

Debt is well covered by operating cash flow (91.2%, greater than 20% of total debt).

Interest payments on debt are well covered by earnings (EBIT is 55.1x coverage).


Balance Sheet

High level of physical assets or inventory.

Debt is covered by short term assets, assets are 3.9x debt.


Next Steps

Dividend

What is Scottish Salmon's current dividend yield, its reliability and sustainability?

3.71%

Expected Dividend Yield


Dividend Yield and Payments Analysis

Scottish Salmon's pays a lower dividend yield than the bottom 25% of dividend payers in Norway (2.42%).

Scottish Salmon's dividend is below the markets top 25% of dividend payers in Norway (6.47%).

Scottish Salmon has been paying a dividend for less than 10 years and during this time payments have been volatile (annual drop of over 20%).

Dividend payments have increased, but Scottish Salmon only paid a dividend in the past 9 years.


Current Payout to Shareholders

Dividends paid are well covered by earnings (4.8x coverage).


Future Payout to Shareholders

Dividends after 3 years are expected to be well covered by earnings (2.7x coverage).


Next Steps

Management

What is the CEO of Scottish Salmon's salary, the management and board of directors tenure and is there insider trading?

8.7yrs

Average board tenure


CEO

Scottish Salmon has no CEO, or we have no data on them.


Board Age and Tenure

8.7yrs

Average Tenure

The tenure for the Scottish Salmon board of directors is about average.


Insider Trading

No 3 month individual insider trading information.


Recent Insider Transactions

Buykr459,00003 Mar 19
Craig Anderson
EntityIndividual
Role
CEO of the Scottish Salmon Company Ltd and MD of the Scottish Salmon Company Ltd
Shares27,000
Max Pricekr17.00
Buykr144,88521 Dec 18
Craig Anderson
EntityIndividual
Role
CEO of the Scottish Salmon Company Ltd and MD of the Scottish Salmon Company Ltd
Shares9,659
Max Pricekr15.00
Buykr435,69919 Dec 18
Craig Anderson
EntityIndividual
Role
CEO of the Scottish Salmon Company Ltd and MD of the Scottish Salmon Company Ltd
Shares29,700
Max Pricekr14.67

Ownership Breakdown


Management Team

  • Su Cox

    Director of Sales & Communications

  • Iain MacDonald

    Head of Planning

  • Debra Nichol-Storie

    HR Director

  • Craig Anderson

    CEO of the Scottish Salmon Company Ltd and MD of the Scottish Salmon Company Ltd

    • Compensation: £351.00k
  • Fiona Larkin

    Chief Financial Officer of the Scottish Salmon Company Ltd

    • Tenure: 4.8yrs
    • Compensation: £363.00k

Board Members

  • Robert Brown (71yo)

    Chairman of the Board

    • Tenure: 8.7yrs
    • Compensation: £90.00k
  • Martins Jaunarajs

    Non Executive Director

    • Tenure: 5.3yrs
    • Compensation: £37.50k
  • Merete Myhrstad (52yo)

    Non-Executive Director

    • Tenure: 8.7yrs
    • Compensation: £37.50k
  • Douglas Low

    Director

    • Tenure: 2.6yrs
    • Compensation: £37.50k
  • Viacheslav Lavrentyev

    Non Executive Director

    • Tenure: 8.7yrs
    • Compensation: £37.50k

Company Information

The Scottish Salmon Company PLC's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: The Scottish Salmon Company PLC
  • Ticker: SSC
  • Exchange: OB
  • Founded: 2009
  • Industry: packaged foods and meats
  • Sector: food, beverage & tobacco
  • Market Cap: kr4.430b
  • Shares outstanding: 193.86m
  • Website: Click here

Number of Employees


Location

  • The Scottish Salmon Company PLC
  • 8 Melville Crescent
  • Edinburgh
  • EH3 7JA
  • United Kingdom

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
SSCOB (Oslo Bors)YesOrdinary SharesNONOKJul 2010
0N0KLSE (London Stock Exchange)YesOrdinary SharesGBNOKJul 2010
S22DB (Deutsche Boerse AG)YesOrdinary SharesDEEURJul 2010

Biography

The Scottish Salmon Company PLC produces, processes, markets, and sells Scottish seafood products primarily in Scotland. The company provides Scottish Salmon. It offers its products under the Native Hebrid ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/06/24 21:33
End of Day Share Price2019/06/24 00:00
Earnings2018/12/31
Annual Earnings2018/12/31


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.