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STAT

Statt Torsk OB:STATT Stock Report

Last Price

kr2.07

Market Cap

kr386.6m

7D

-6.8%

1Y

-22.8%

Updated

02 Oct, 2022

Data

Company Financials
STATT fundamental analysis
Snowflake Score
Valuation0/6
Future Growth0/6
Past Performance0/6
Financial Health4/6
Dividends0/6

STATT Stock Overview

Statt Torsk ASA engages in the production and sale of farmed cod products in Norway and internationally.

Statt Torsk Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Statt Torsk
Historical stock prices
Current Share Pricekr2.07
52 Week Highkr2.99
52 Week Lowkr1.85
Beta0
1 Month Change-3.27%
3 Month Change6.15%
1 Year Change-22.76%
3 Year Changen/a
5 Year Changen/a
Change since IPO-25.81%

Recent News & Updates

Shareholder Returns

STATTNO FoodNO Market
7D-6.8%-20.4%-0.1%
1Y-22.8%-28.3%-5.4%

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

Return vs Market: STATT underperformed the Norwegian Market which returned -5.4% over the past year.

Price Volatility

Is STATT's price volatile compared to industry and market?
STATT volatility
STATT Average Weekly Movement6.2%
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: STATT is not significantly more volatile than the rest of Norwegian stocks over the past 3 months, typically moving +/- 6% a week.

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

About the Company

FoundedEmployeesCEOWebsite
2014n/aGustave Brun-Liehttps://statt.no

Statt Torsk ASA engages in the production and sale of farmed cod products in Norway and internationally. The company was founded in 2014 and is headquartered in Stadlandet, Norway.

Statt Torsk Fundamentals Summary

How do Statt Torsk's earnings and revenue compare to its market cap?
STATT fundamental statistics
Market Capkr386.60m
Earnings (TTM)-kr38.27m
Revenue (TTM)kr15.84m

24.4x

P/S Ratio

-10.1x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
STATT income statement (TTM)
Revenuekr15.84m
Cost of Revenuekr26.45m
Gross Profit-kr10.61m
Other Expenseskr27.66m
Earnings-kr38.27m

Last Reported Earnings

Jun 30, 2022

Next Earnings Date

Nov 11, 2022

Earnings per share (EPS)-0.20
Gross Margin-66.97%
Net Profit Margin-241.62%
Debt/Equity Ratio0%

How did STATT perform over the long term?

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

Valuation

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

Valuation Score

0/6

Valuation Score 0/6

  • Price-To-Sales vs Peers

  • Price-To-Sales vs Industry

  • Price-To-Sales 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 STATT?

Other financial metrics that can be useful for relative valuation.

STATT 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/Revenue25.5x
Enterprise Value/EBITDA-11.7x
PEG Ration/a

Price to Sales Ratio vs Peers

How does STATT's PS Ratio compare to its peers?

STATT PS Ratio vs Peers
The above table shows the PS ratio for STATT vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPSEstimated GrowthMarket Cap
Peer Average5.6x
NOHAL Nordic Halibut
7.6x42.9%kr612.6m
LUMA Lumarine
1.7xn/akr222.2m
KING Kingfish
5.5x45.7%kr886.7m
NCOD Norcod
7.6xn/akr1.2b
STATT Statt Torsk
24.4xn/akr386.6m

Price-To-Sales vs Peers: STATT is expensive based on its Price-To-Sales Ratio (24.4x) compared to the peer average (5.6x).


Price to Earnings Ratio vs Industry

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

Price-To-Sales vs Industry: STATT is expensive based on its Price-To-Sales Ratio (24.4x) compared to the Norwegian Food industry average (2.7x)


Price to Sales Ratio vs Fair Ratio

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

STATT PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio24.4x
Fair PS Ration/a

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


Share Price vs Fair Value

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

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

Significantly Below Fair Value: Insufficient data to calculate STATT'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.


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Future Growth

How is Statt Torsk forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

Future Growth Score

0/6

Future Growth Score 0/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


3.8%

Forecasted Food, Beverage & Tobacco industry annual growth in earnings

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Statt Torsk has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Discover growth companies

  • Examine Statt Torsk's financial health to determine how well-positioned it is against times of financial stress by looking at its level of debt over time and how much cash it has left.
  • Statt Torsk competitive advantages and company strategy can generally be found in its financial reports archived here.

Past Performance

How has Statt Torsk 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


-64.0%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: STATT is currently unprofitable.

Growing Profit Margin: STATT is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: STATT is unprofitable, and losses have increased over the past 5 years at a rate of 64% per year.

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

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


Return on Equity

High ROE: STATT has a negative Return on Equity (-23.3%), as it is currently unprofitable.


Discover strong past performing companies

Financial Health

How is Statt Torsk's financial position?

Financial Health Score

4/6

Financial Health Score 4/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Stable Cash Runway

  • Forecast Cash Runway

Financial Position Analysis

Short Term Liabilities: STATT's short term assets (NOK127.0M) exceed its short term liabilities (NOK38.1M).

Long Term Liabilities: STATT's short term assets (NOK127.0M) exceed its long term liabilities (NOK42.4M).


Debt to Equity History and Analysis

Debt Level: STATT is debt free.

Reducing Debt: STATT had no debt 5 years ago.


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: STATT has less than a year of cash runway based on its current free cash flow.

Forecast Cash Runway: STATT has less than a year of cash runway if free cash flow continues to reduce at historical rates of 120.1% each year


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Dividend

What is Statt Torsk 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

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

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

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

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


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Management

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


CEO

Gustave Brun-Lie (69 yo)

4.33yrs

Tenure

Mr. Gustave Brun-Lie serves as Chief Executive Officer at Statt Torsk AS since June 2018. Mr. Brun-Lie is a Senior Partner of Newbuilding and Vice President of Clarksons Platou AS (formerly known as RS Pla...


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: STATT insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

OB:STATT Recent Insider Transactions by Companies or Individuals
DateValueNameEntityRoleSharesMax Price
30 Aug 22Buykr67,840Gustave Brun-LieIndividual32,000kr2.12
29 Jun 22Buykr4,999,989T.D. VEEN ASCompany2,500,000kr2.00
29 Jun 22Buykr999,998Gustave Brun-LieIndividual500,000kr2.00
29 Jun 22Buykr9,999,978Nicolas Brun-LieIndividual5,000,000kr2.00
29 Jun 22Buykr200,000Bjug BorgundIndividual100,000kr2.00
18 Feb 22Buykr202,000Gustave Brun-LieIndividual100,000kr2.02
17 Feb 22Buykr100,000Bjug BorgundIndividual50,000kr2.00
16 Nov 21Buykr109,103Bjug BorgundIndividual44,171kr2.47

Ownership Breakdown

What is the ownership structure of STATT?
Owner TypeNumber of SharesOwnership Percentage
Institutions31,693,22817.0%
General Public37,467,35720.1%
Private Companies40,211,57921.5%
Individual Insiders77,391,02341.4%

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 12.4%.


Top Shareholders

Top 19 shareholders own 76.29% of the company
OwnershipNameSharesCurrent ValueChange %Portfolio %
22.7%
Nicolas Brun-Lie
42,400,000NOK87.8m13.37%no data
10.19%
T.D. VEEN AS
19,025,000NOK39.4m15.13%11.17%
8.41%
Gustave Brun-Lie
15,715,850NOK32.5m0.23%no data
7.82%
Techbridge AS
14,600,000NOK30.2m0%no data
5.4%
Arild Iversen
10,089,735NOK20.9m0%no data
4.36%
DNB Asset Management AS
8,135,862NOK16.8m0%0.01%
3.29%
Bjug Borgund
6,150,000NOK12.7m1.65%no data
2.14%
Alden AS
4,000,000NOK8.3m0%no data
1.61%
Tigerstaden AS
3,000,000NOK6.2m0%1.63%
1.48%
Brekke Holding As
2,760,000NOK5.7m0%no data
1.35%
Borgund Frode
2,514,188NOK5.2m0%no data
1.34%
Secom AS
2,500,000NOK5.2m0%no data
1.24%
Ervik Havfiske AS
2,320,000NOK4.8m0%no data
1.24%
Lindvard Invest AS
2,314,258NOK4.8m0%no data
1.12%
Nersnffis As
2,100,571NOK4.3m0%no data
0.84%
Fjellseter Utvikling As
1,560,000NOK3.2m0%no data
0.82%
Forte Fondsforvaltning AS
1,532,366NOK3.2m0%19.05%
0.66%
Ervik Capital As
1,240,000NOK2.6m0%no data
0.28%
Leif-Ronny Rætta
521,250NOK1.1m0%no data

Company Information

Statt Torsk ASA's employee growth, exchange listings and data sources


Key Information

  • Name: Statt Torsk ASA
  • Ticker: STATT
  • Exchange: OB
  • Founded: 2014
  • Industry: Packaged Foods and Meats
  • Sector: Food, Beverage & Tobacco
  • Implied Market Cap: kr386.600m
  • Shares outstanding: 186.76m
  • Website: https://statt.no

Number of Employees


Location

  • Statt Torsk ASA
  • Stokkeneset
  • Stadlandet
  • Sogn og Fjordane
  • 6750
  • Norway


Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
STATTOB (Oslo Bors)YesShare CapitalNONOKApr 2021
90JBST (Boerse-Stuttgart)YesShare CapitalDEEURApr 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.