Loading...

Yara International

OB:YAR
Snowflake Description

Reasonable growth potential with mediocre balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
YAR
OB
NOK102B
Market Cap
  1. Home
  2. NO
  3. Materials
Company description

Yara International ASA provides environmental and industrial solutions in Norway and internationally. The last earnings update was 18 days ago. More info.


Add to Portfolio Compare Print
YAR Share Price and Events
7 Day Returns
2.8%
OB:YAR
2.8%
Europe Chemicals
0.6%
NO Market
1 Year Returns
13.6%
OB:YAR
-1.4%
Europe Chemicals
1.1%
NO Market
YAR Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Yara International (YAR) 2.8% 2.4% 4% 13.6% 13.4% 37.3%
Europe Chemicals 2.8% 4.3% 9.7% -1.4% 21.6% 27%
NO Market 0.6% -0.3% 3.7% 1.1% 32.1% 27.9%
1 Year Return vs Industry and Market
  • YAR outperformed the Chemicals industry which returned -1.4% over the past year.
  • YAR outperformed the Market in Norway which returned 1.1% over the past year.
Price Volatility
YAR
Industry
5yr Volatility vs Market

YAR Value

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

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Yara International to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Yara International.

OB:YAR Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 15 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 8.4%
Perpetual Growth Rate 10-Year NO Government Bond Rate 1.8%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for OB:YAR
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year NO Govt Bond Rate 1.8%
Equity Risk Premium S&P Global 6%
Chemicals Unlevered Beta Simply Wall St/ S&P Global 0.93
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.93 (1 + (1- 23%) (33.5%))
1.114
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.11
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 1.76% + (1.114 * 5.96%)
8.4%

Discounted Cash Flow Calculation for OB:YAR using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Yara International is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

OB:YAR DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 8.4%)
2019 416.71 Analyst x5 384.42
2020 1,024.98 Analyst x8 872.29
2021 1,246.44 Analyst x8 978.55
2022 1,163.16 Analyst x2 842.41
2023 1,195.51 Analyst x2 798.75
2024 1,224.80 Est @ 2.45% 754.90
2025 1,252.26 Est @ 2.24% 712.02
2026 1,278.54 Est @ 2.1% 670.63
2027 1,304.06 Est @ 2% 631.01
2028 1,329.17 Est @ 1.93% 593.32
Present value of next 10 years cash flows $7,238.30
OB:YAR DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= $1,329.17 × (1 + 1.76%) ÷ (8.4% – 1.76%)
$20,370.21
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $20,370.21 ÷ (1 + 8.4%)10
$9,092.97
OB:YAR Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $7,238.30 + $9,092.97
$16,331.26
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $16,331.26 / 272.70
$59.89
OB:YAR Discount to Share Price
Calculation Result
Exchange Rate USD/NOK
(Reporting currency to currency of OB:YAR)
8.508
Value per Share
(NOK)
= Value per Share in USD x Exchange Rate (USD/NOK)
= $59.89 x 8.508
NOK509.54
Value per share (NOK) From above. NOK509.54
Current discount Discount to share price of NOK372.30
= -1 x (NOK372.30 - NOK509.54) / NOK509.54
26.9%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Yara International is available for.
Intrinsic value
27%
Share price is NOK372.3 vs Future cash flow value of NOK509.54
Current Discount Checks
For Yara International to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Yara International's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Yara International's share price is below the future cash flow value, but not at a substantial discount (< 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Yara International's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Yara International's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
OB:YAR PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in USD $0.58
OB:YAR Share Price ** OB (2019-04-17) in NOK NOK372.3
OB:YAR Share Price converted to USD reporting currency Exchange rate (NOK/ USD) 0.118 $43.76
Europe Chemicals Industry PE Ratio Median Figure of 93 Publicly-Listed Chemicals Companies 18.75x
Norway Market PE Ratio Median Figure of 130 Publicly-Listed Companies 13.58x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Yara International.

OB:YAR PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= OB:YAR Share Price ÷ EPS (both in USD)

= 43.76 ÷ 0.58

75.18x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Yara International is overvalued based on earnings compared to the Europe Chemicals industry average.
  • Yara International is overvalued based on earnings compared to the Norway market.
Price based on expected Growth
Does Yara International's expected growth come at a high price?
Raw Data
OB:YAR PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 75.18x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 15 Analysts
41.1%per year
Europe Chemicals Industry PEG Ratio Median Figure of 62 Publicly-Listed Chemicals Companies 1.89x
Norway Market PEG Ratio Median Figure of 100 Publicly-Listed Companies 0.94x

*Line of best fit is calculated by linear regression .

OB:YAR PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 75.18x ÷ 41.1%

1.83x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Yara International is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Yara International's assets?
Raw Data
OB:YAR PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in USD $31.84
OB:YAR Share Price * OB (2019-04-17) in NOK NOK372.3
OB:YAR Share Price converted to USD reporting currency Exchange rate (NOK/ USD) 0.118 $43.76
Europe Chemicals Industry PB Ratio Median Figure of 138 Publicly-Listed Chemicals Companies 1.87x
Norway Market PB Ratio Median Figure of 214 Publicly-Listed Companies 1.21x
OB:YAR PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= OB:YAR Share Price ÷ Book Value per Share (both in USD)

= 43.76 ÷ 31.84

1.37x

* Primary Listing of Yara International.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Yara International is good value based on assets compared to the Europe Chemicals industry average.
X
Value checks
We assess Yara International's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Chemicals industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Chemicals industry average (and greater than 0)? (1 check)
  5. Yara International has a total score of 2/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

YAR Future Performance

 How is Yara International expected to perform in the next 1 to 3 years based on estimates from 15 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
41.1%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Yara International expected to grow at an attractive rate?
  • Yara International's earnings growth is expected to exceed the low risk savings rate of 1.8%.
Growth vs Market Checks
  • Yara International's earnings growth is expected to exceed the Norway market average.
  • Yara International's revenue growth is expected to exceed the Norway market average.
Annual Growth Rates Comparison
Raw Data
OB:YAR Future Growth Rates Data Sources
Data Point Source Value (per year)
OB:YAR Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 15 Analysts 41.1%
OB:YAR Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 15 Analysts 5.9%
Europe Chemicals Industry Earnings Growth Rate Market Cap Weighted Average 9.8%
Europe Chemicals Industry Revenue Growth Rate Market Cap Weighted Average 3.6%
Norway Market Earnings Growth Rate Market Cap Weighted Average 13.4%
Norway Market Revenue Growth Rate Market Cap Weighted Average 4.1%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
OB:YAR Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 15 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
OB:YAR Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-12-31 17,370 2
2022-12-31 16,922 2
2021-12-31 15,488 2,166 1,231 13
2020-12-31 15,084 1,961 1,050 15
2019-12-31 13,928 1,780 839 14
OB:YAR Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2018-12-31 12,928 756 159
2018-09-30 12,570 891 114
2018-06-30 12,053 1,126 105
2018-03-31 12,063 946 418
2017-12-31 11,358 791 477
2017-09-30 11,230 1,033 331
2017-06-30 10,936 926 341
2017-03-31 10,892 1,107 616
2016-12-31 11,068 1,637 739
2016-09-30 12,336 1,618 892
2016-06-30 12,162 1,839 1,231
2016-03-31 12,736 1,789 1,229

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Yara International's earnings are expected to grow significantly at over 20% yearly.
  • Yara International's revenue is expected to grow by 5.9% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
OB:YAR Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 15 Analyst Estimates (S&P Global) See Below

All data from Yara International Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OB:YAR Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-12-31
2022-12-31
2021-12-31 4.44 5.65 3.44 11.00
2020-12-31 4.02 5.18 3.40 12.00
2019-12-31 3.05 3.58 2.74 11.00
OB:YAR Past Financials Data
Date (Data in USD Millions) EPS *
2018-12-31 0.58
2018-09-30 0.42
2018-06-30 0.39
2018-03-31 1.53
2017-12-31 1.75
2017-09-30 1.21
2017-06-30 1.25
2017-03-31 2.25
2016-12-31 2.70
2016-09-30 3.26
2016-06-30 4.49
2016-03-31 4.47

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Yara International is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Yara International's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Europe market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Europe market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Yara International has a total score of 4/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

YAR Past Performance

  How has Yara International performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Yara International's growth in the last year to its industry (Chemicals).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Yara International's year on year earnings growth rate was negative over the past 5 years and the most recent earnings are below average.
  • Yara International's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Yara International's 1-year earnings growth is negative, it can't be compared to the Europe Chemicals industry average.
Earnings and Revenue History
Yara International's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Yara International Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OB:YAR Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 12,928.00 159.00 1,418.00
2018-09-30 12,569.85 114.22 1,371.60
2018-06-30 12,053.25 105.44 1,375.52
2018-03-31 12,062.79 418.42 1,371.75
2017-12-31 11,358.00 477.00 1,282.00
2017-09-30 11,230.05 331.18 1,340.41
2017-06-30 10,935.67 341.26 1,264.47
2017-03-31 10,891.58 615.82 1,230.19
2016-12-31 11,068.36 739.09 1,213.69
2016-09-30 12,335.75 891.89 1,301.10
2016-06-30 12,161.60 1,231.48 1,230.53
2016-03-31 12,736.07 1,228.96 1,241.18
2015-12-31 12,202.54 913.18 1,133.03
2015-09-30 12,740.25 1,114.33 1,100.15
2015-06-30 13,417.73 915.51 1,140.45
2015-03-31 12,566.46 816.73 1,061.34
2014-12-31 12,743.77 1,019.20 1,093.11
2014-09-30 13,950.41 907.13 1,182.90
2014-06-30 14,028.35 928.33 1,204.40
2014-03-31 14,338.58 880.54 1,189.86
2013-12-31 13,959.53 948.18 1,133.40
2013-09-30 14,062.50 1,304.94 890.91
2013-06-30 13,932.47 1,456.81 860.70
2013-03-31 14,254.31 1,675.64 892.96
2012-12-31 15,087.29 1,895.32 920.18
2012-09-30 14,626.09 2,052.89 868.36
2012-06-30 14,159.07 2,140.61 816.48

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Yara International has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Yara International used its assets less efficiently than the Europe Chemicals industry average last year based on Return on Assets.
  • Yara International's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Yara International's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Chemicals industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Yara International has a total score of 0/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

YAR Health

 How is Yara International's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Yara International's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Yara International is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Yara International's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Yara International's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 1.3x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Yara International Company Filings, last reported 3 months ago.

OB:YAR Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 8,910.00 3,997.00 202.00
2018-09-30 9,056.00 3,957.00 605.00
2018-06-30 8,980.00 4,151.00 998.00
2018-03-31 9,729.00 3,403.00 521.00
2017-12-31 9,505.00 2,911.00 544.00
2017-09-30 9,386.24 2,323.67 254.31
2017-06-30 9,070.12 2,284.25 274.47
2017-03-31 9,172.38 2,008.17 323.70
2016-12-31 8,921.39 1,923.85 435.90
2016-09-30 9,076.05 1,936.45 636.10
2016-06-30 8,917.09 2,071.07 912.56
2016-03-31 9,123.51 1,510.60 485.94
2015-12-31 8,555.25 1,704.90 363.78
2015-09-30 8,987.91 1,553.67 1,002.42
2015-06-30 8,846.65 1,705.60 375.75
2015-03-31 8,713.76 1,610.88 493.94
2014-12-31 9,084.02 2,060.32 479.99
2014-09-30 9,184.28 1,554.99 782.32
2014-06-30 9,354.73 1,553.69 1,007.58
2014-03-31 9,475.65 1,562.94 1,130.10
2013-12-31 9,182.60 1,672.60 1,123.52
2013-09-30 9,247.80 1,725.95 1,140.49
2013-06-30 8,727.09 1,741.74 1,620.36
2013-03-31 9,175.24 1,759.93 2,099.12
2012-12-31 8,979.24 1,956.93 1,785.57
2012-09-30 8,580.66 2,037.73 1,538.66
2012-06-30 8,155.55 2,050.60 1,383.75
  • Yara International's level of debt (44.9%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (18.2% vs 44.9% today).
  • Debt is not well covered by operating cash flow (18.9%, less than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 10.1x coverage).
X
Financial health checks
We assess Yara International's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Yara International has a total score of 3/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

YAR Dividends

 What is Yara International's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
1.72%
Current annual income from Yara International dividends. Estimated to be 3.3% next year.
If you bought NOK2,000 of Yara International shares you are expected to receive NOK34 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Yara International's pays a lower dividend yield than the bottom 25% of dividend payers in Norway (2.65%).
  • Yara International's dividend is below the markets top 25% of dividend payers in Norway (6.17%).
Upcoming dividend payment

Purchase Yara International before the 'Buy Limit' to receive their next dividend payment.

Dividends are usually paid every 3 or 6 months, you can time your share purchase to take advantage of upcoming dividend payments.
Dividend payment calendar
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
OB:YAR Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 15 Analyst Estimates (S&P Global) See Below
Europe Chemicals Industry Average Dividend Yield Market Cap Weighted Average of 78 Stocks 3%
Norway Market Average Dividend Yield Market Cap Weighted Average of 110 Stocks 4.2%
Norway Minimum Threshold Dividend Yield 10th Percentile 1.8%
Norway Bottom 25% Dividend Yield 25th Percentile 2.7%
Norway Top 25% Dividend Yield 75th Percentile 6.2%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

OB:YAR Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2023-12-31
2022-12-31
2021-12-31 1.70 13.00
2020-12-31 1.52 15.00
2019-12-31 1.14 15.00
OB:YAR Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2019-04-01 0.754 1.784
2018-04-04 0.740 1.839
2017-04-07 1.151 2.913
2016-05-04 1.717 4.975
2015-05-15 1.448 3.591
2014-05-06 1.198 3.011
2013-05-14 2.065 5.102
2012-03-26 1.142 2.573
2012-02-07 1.202 2.645
2011-05-11 0.906 2.066
2010-05-12 0.673 1.708
2009-05-08 0.685 2.140
2009-04-20 0.586 2.385

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Yara International is not paying a notable dividend for Norway, therefore no need to check if the payments are stable.
  • Yara International is not paying a notable dividend for Norway, therefore no need to check if the payments are increasing.
Current Payout to shareholders
What portion of Yara International's earnings are paid to the shareholders as a dividend.
  • No need to calculate the sustainability of Yara International's dividends as it is not paying a notable one for Norway.
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (2.5x coverage).
X
Income/ dividend checks
We assess Yara International's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Yara International afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Yara International has a total score of 1/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

YAR Management

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

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Svein Holsether
COMPENSATION $11,318,000
AGE 46
TENURE AS CEO 3.6 years
CEO Bio

Mr. Svein Tore Holsether has been the Chief Executive Officer and President of Yara International ASA since joining on September 9, 2015. Mr. Holsether Joined Yara International ASA in 2015. He served as the Chief Executive Officer of SAPA Heat Transfer. Mr. Holsether served as the Chief Financial Officer of Elkem Holding, Inc. He served as the Chief Executive Officer and President of Sapa AS and Sapa Group at Sapa Profiles (Jiangying) Co., Ltd. until September 1, 2015. Mr. Holsether served as the Chief Executive Officer of Gränges AB (publ) (formerly, Sapa AB) since September 1, 2011 and served as its President. He served as Business Area President of Asia & Middle East at Gränges AB (publ) from 2010 to September 1, 2011. Mr. Holsether served as a Member of Group Executive Board and Executive Vice President of M&A at Orkla ASA from 2010 to 2011. He served as the Business Area President of Asia at Gränges AB (publ) and also served as its Chief Financial Officer from 2007 to 2010. He served as the Chief Financial Officer of Orkla Speciality Materials from 2006 to 2007 and Elkem ASA from 2005 to 2006. Mr. Holsether served as the Chief Financial Officer of Elkem ASA North America Division from 2003 to 2005. He served as Group Controller and Financial Analyst at Elkem ASA from 1997 to 2003. Mr. Holsether served as a Director of Renewable Energy Corporation ASA (alternate name REC Silicon ASA) from March 2011 to May 22, 2012. He has a BSc specializing in Finance & Management from the University of Utah.

CEO Compensation
  • Svein's compensation has been consistent with company performance over the past year.
  • Svein's remuneration is about average for companies of similar size in Norway.
Management Team Tenure

Average tenure and age of the Yara International management team in years:

2.9
Average Tenure
54
Average Age
  • The tenure for the Yara International management team is about average.
Management Team

Svein Holsether

TITLE
President & CEO
COMPENSATION
$11M
AGE
46
TENURE
3.6 yrs

Kristine Ryssdal

TITLE
Executive VP & General Counsel
COMPENSATION
$4M
AGE
58
TENURE
2.9 yrs

Terje Knutsen

TITLE
Executive Vice President of Sales & Marketing
COMPENSATION
$6M
AGE
56
TENURE
0.3 yrs

Lene Trollnes

TITLE
Executive Vice President of People & Global Functions
COMPENSATION
$5M
AGE
50
TENURE
2.6 yrs

Torgeir Kvidal

TITLE
Head of Mining Operations
COMPENSATION
$6M
AGE
53
TENURE
1.1 yrs

Yves Bonte

TITLE
Executive Vice President of New Business
COMPENSATION
$9M
AGE
57
TENURE
9.3 yrs

Rune Bratteberg

TITLE
Head of Chemical Compliance & Director
AGE
58

Terje Tollefsen

TITLE
Executive Vice President of Corporate Strategy & Business Development
COMPENSATION
$5M
AGE
55
TENURE
2.8 yrs

Tove Andersen

TITLE
Executive Vice President of Production
COMPENSATION
$5M
AGE
48
TENURE
3.2 yrs

Lair Hanzen

TITLE
Executive Vice President of Yara Brazil
COMPENSATION
$9M
AGE
51
TENURE
3.2 yrs
Board of Directors Tenure

Average tenure and age of the Yara International board of directors in years:

3.9
Average Tenure
56.5
Average Age
  • The tenure for the Yara International board of directors is about average.
Board of Directors

Geir Isaksen

TITLE
Chairman of the Board
AGE
64
TENURE
1.3 yrs

Maria Hanssen

TITLE
Vice Chairperson of the Board
AGE
53
TENURE
3.9 yrs

Rune Bratteberg

TITLE
Head of Chemical Compliance & Director
AGE
58
TENURE
7.3 yrs

Kjersti Aass

TITLE
Sustainability Development Director & Director
AGE
36
TENURE
3.3 yrs

Trond Berger

TITLE
Director
AGE
61
TENURE
0.9 yrs

Geir Sundbø

TITLE
Director
AGE
55
TENURE
9.3 yrs

Hilde Bakken

TITLE
Director
AGE
52
TENURE
4.9 yrs

John Thuestad

TITLE
Director
AGE
58
TENURE
4.9 yrs

Morten Ødegård

TITLE
Deputy Board Member
TENURE
0.9 yrs

Inge Stabæk

TITLE
Deputy Board Member
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by Yara International insiders in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (NOK) Value (NOK)
15. Feb 19 Buy Lars Røsæg Individual 15. Feb 19 15. Feb 19 1,600 NOK337.82 NOK540,512
04. Dec 18 Buy Pablo Lopez Individual 04. Dec 18 04. Dec 18 42 NOK281.92 NOK11,841
04. Dec 18 Buy Nina Kleiv Individual 04. Dec 18 04. Dec 18 42 NOK281.92 NOK11,841
04. Dec 18 Buy Vidar Viskjer Individual 04. Dec 18 04. Dec 18 42 NOK281.92 NOK11,841
04. Dec 18 Buy Tove Andersen Individual 04. Dec 18 04. Dec 18 42 NOK281.92 NOK11,841
04. Dec 18 Buy Lene Trollnes Individual 04. Dec 18 04. Dec 18 42 NOK281.92 NOK11,841
04. Dec 18 Buy Terje Knutsen Individual 04. Dec 18 04. Dec 18 42 NOK281.92 NOK11,841
04. Dec 18 Buy Terje Tollefsen Individual 04. Dec 18 04. Dec 18 42 NOK281.92 NOK11,841
04. Dec 18 Buy Rune Bratteberg Individual 04. Dec 18 04. Dec 18 42 NOK281.92 NOK11,841
04. Dec 18 Buy Thor Giæver Individual 04. Dec 18 04. Dec 18 42 NOK281.92 NOK11,841
04. Dec 18 Buy Lars Røsæg Individual 04. Dec 18 04. Dec 18 42 NOK281.92 NOK11,841
04. Dec 18 Buy Svein Holsether Individual 04. Dec 18 04. Dec 18 42 NOK281.92 NOK11,841
04. Dec 18 Buy Kristine Ryssdal Individual 04. Dec 18 04. Dec 18 42 NOK281.92 NOK11,841
04. Dec 18 Buy Geir Sundbø Individual 04. Dec 18 04. Dec 18 42 NOK281.92 NOK11,841
04. Dec 18 Buy Steinar Skarstein Individual 04. Dec 18 04. Dec 18 42 NOK281.92 NOK11,841
30. Nov 18 Buy Pablo Lopez Individual 30. Nov 18 30. Nov 18 500 NOK347.40 NOK173,700
19. Nov 18 Buy Trond Berger Individual 19. Nov 18 19. Nov 18 3,000 NOK347.80 NOK1,043,400
19. Nov 18 Buy Kristine Ryssdal Individual 19. Nov 18 19. Nov 18 1,450 NOK343.17 NOK497,597
17. Jul 18 Buy Pablo Lopez Individual 17. Jul 18 17. Jul 18 500 NOK337.51 NOK168,755
17. Jul 18 Buy Tove Andersen Individual 17. Jul 18 17. Jul 18 1,000 NOK335.32 NOK335,320
17. Jul 18 Buy Petter Østbø Individual 17. Jul 18 17. Jul 18 5,900 NOK337.58 NOK1,991,722
17. Jul 18 Buy Lene Trollnes Individual 17. Jul 18 17. Jul 18 3,000 NOK337.58 NOK1,012,740
17. Jul 18 Buy Terje Knutsen Individual 17. Jul 18 17. Jul 18 1,335 NOK335.48 NOK447,866
17. Jul 18 Buy Svein Holsether Individual 17. Jul 18 17. Jul 18 5,900 NOK337.58 NOK1,991,722
X
Management checks
We assess Yara International's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Yara International has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

YAR News

Simply Wall St News

Why We’re Not Keen On Yara International ASA’s (OB:YAR) 3.0% Return On Capital

Specifically, we'll consider its Return On Capital Employed (ROCE), since that will give us an insight into how efficiently the business can generate profits from the capital it requires. … Return On Capital Employed (ROCE): What is it? … Analysts use this formula to calculate return on capital employed:

Simply Wall St -

Can Yara International ASA (OB:YAR) Improve Its Returns?

With that in mind, this article will work through how we can use Return On Equity (ROE) to better understand a business. … Our data shows Yara International has a return on equity of 1.2% for the last year. … Return on Equity = Net Profit ÷ Shareholders' Equity

Simply Wall St -

Who Owns Most Of Yara International ASA (OB:YAR)?

In this analysis, my focus will be on developing a perspective on Yara International ASA’s (OB:YAR) latest ownership structure, a less discussed, but important factor. … When it comes to ownership structure of a company, the impact has been observed in both the long-and short-term performance of shares. … See our latest analysis for Yara International

Simply Wall St -

Estimating The Intrinsic Value Of Yara International ASA (OB:YAR)

by taking the expected future cash flows and discounting them to their present value. … discounted cash flows (DCF). … If you want to learn more about discounted cash flow, the basis for my calcs can be read in detail in the Simply Wall St analysis model

Simply Wall St -

Why Yara International ASA (OB:YAR) Is A Financially Healthy Company

Most investors favour these big stocks due to their strong balance sheet and high market liquidity, meaning there are an adundance of stock in the public market available for trading. … In times of low liquidity in the market, these firms won’t be left high and dry. … Using the most recent data for YAR, I will determine its financial status based on its solvency and liquidity, and assess whether the stock is a safe investment.

Simply Wall St -

Yara International ASA (OB:YAR): A Look At Return On Capital

The content of this article will benefit those of you who are starting to educate yourself about investing in the stock market. … This share represents a portion of capital used by the company to operate the business, and it is important the company is able to use the capital base efficiently to create adequate cash flows for you as an investor … You need to pay attention to this because your return on investment is linked to dividends and internal investments to improve the business, which can only occur if the company is expected to produce adequate earnings with the capital that has been provided.

Simply Wall St -

What You Must Know About Yara International ASA's (OB:YAR) Return on Equity

and want to better understand how you can grow your money by investing in Yara International ASA (OB:YAR). … Yara International ASA’s (OB:YAR) most recent return on equity was a substandard 4.38% relative to its industry performance of 12.70% over the past year. … Today I will look at how components such as financial leverage can influence ROE which may impact the sustainability of YAR's returns.

Simply Wall St -

Are Yara International ASA's (OB:YAR) Interest Costs Too High?

One reason being its ‘too big to fail’ aura which gives it the appearance of a strong and stable investment. … Today we will look at Yara International’s financial liquidity and debt levels, which are strong indicators for whether the company can weather economic downturns or fund strategic acquisitions for future growth … Note that this information is centred entirely on financial health and is a high-level overview, so I encourage you to look further

Simply Wall St -

Spotlight On Yara International ASA's (OB:YAR) Fundamentals

Yara International ASA (OB:YAR) is a stock with outstanding fundamental characteristics. … When we build an investment case, we need to look at the stock with a holistic perspective. … Below, I've touched on some key aspects you should know on a high level.

Simply Wall St -

Is Yara International ASA (OB:YAR) A Smart Pick For Income Investors?

A large part of investment returns can be generated by dividend-paying stock given their role in compounding returns over time. … In the past 10 years Yara International ASA (OB:YAR) has returned an average of 3.00% per year to investors in the form of dividend payouts. … Whenever I am looking at a potential dividend stock investment, I always check these five metrics:

Simply Wall St -

YAR Company Info

Description

Yara International ASA provides environmental and industrial solutions in Norway and internationally. It operates through three segments: Crop Nutrition, Industrial, and Production. The Crop Nutrition segment offers nitrogen-based fertilizers, including urea, urea ammonium nitrate, calcium ammonium nitrate, ammonium nitrate, calcium nitrate, and compound fertilizers that contain plant nutrients, such as nitrogen, phosphorus, and potassium, as well as foliar and fertigation solutions through micronutrients. It also sells phosphate- and potash-based fertilizers sourced from third parties, as well as delivers equipment and services to store or handle products. This segment sells its products to distributors, as well as directly to farmers and co-operatives. The Industrial segment develops and sells urea, ammonia, phosphate, nitric acid, technical ammonium nitrate, and calcium nitrate for industrial applications within base chemicals, mining applications, animal nutrition, environmental solutions, and industrial nitrates. It also provides solution of reagents, technology, and service for NOx abatement for industrial plants, and transport at land and sea. The Production segment produces ammonia, fertilizers, and industrial products. It is also involved in the operation of phosphate mines; trade and shipping of ammonia; and sale of fertilizers. The company also provides logistics services; and operates customer service centers. It provides its products under the YaraBela, YaraLiva, YaraMila, YaraTera, YaraVera, and YaraVita brands. The company was founded in 1905 and is headquartered in Oslo, Norway.

Details
Name: Yara International ASA
YAR
Exchange: OB
Founded: 1905
NOK101,525,402,109
272,697,830
Website: http://www.yara.com
Address: Yara International ASA
Drammensveien 131,
Oslo,
Oslo, 0277,
Norway
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
OB YAR Ordinary Shares Oslo Bors NO NOK 25. Mar 2004
OTCPK YRAI.F Ordinary Shares Pink Sheets LLC US USD 25. Mar 2004
DB IU2 Ordinary Shares Deutsche Boerse AG DE EUR 25. Mar 2004
LSE 0O7D Ordinary Shares London Stock Exchange GB NOK 25. Mar 2004
SWX YAR Ordinary Shares SIX Swiss Exchange CH CHF 25. Mar 2004
BATS-CHIXE YARO Ordinary Shares BATS 'Chi-X Europe' GB NOK 25. Mar 2004
OTCPK YARI.Y SPONSORED ADR Pink Sheets LLC US USD 01. Apr 2004
Number of employees
Current staff
Staff numbers
15,132
Yara International employees.
Industry
Fertilizers and Agricultural Chemicals
Materials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/19 20:43
End of day share price update: 2019/04/17 00:00
Last estimates confirmation: 2019/04/19
Last earnings filing: 2019/04/01
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.