Yara International
Yara International ASA provides environmental and industrial solutions in Norway and internationally. The last earnings update was 18 days ago. More info.
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YAR Share Price and Events
7 Day Returns
1 Year Returns
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.
YAR Value
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.
Below are the data sources, inputs and calculation used to determine the intrinsic value for Yara International.
| 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.
| 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.
| 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 | ||
| 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 |
| 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 |
| 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
Current Discount Checks
- 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?
| 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.
| 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?
| 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 .
| 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?
| 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 |
| 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.
Value checks
We assess Yara International's value by looking at:- 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. )
- Is the PE ratio less than the market average, and/ or less than the Chemicals industry average (and greater than 0)? (2 checks)
- Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
- Is the PB ratio less than the Chemicals industry average (and greater than 0)? (1 check) 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
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!
Earnings growth vs Low Risk Savings
- 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
| 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
| 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 |
| 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 |
| 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.
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.
| 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 |
| 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.
Future performance checks
We assess Yara International's future performance by looking at:- Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
- Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Europe market? (1 check)
- Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Europe market? (1 check)
- Is the annual earnings growth rate expected to be above 20%? (1 check)
- Is the annual revenue growth rate expected to be above 20%? (1 check)
- Is the Return on Equity in 3 years expected to be over 20%? (1 check)
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
Past Earnings growth analysis
- 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
All data from Yara International Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| 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).
Past performance checks
We assess Yara International's performance over the past 5 years by checking for:- Has earnings increased in past 5 years? (1 check)
- Has the earnings growth in the last year exceeded that of the Chemicals industry? (1 check)
- Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
- Is the Return on Equity (ROE) higher than 20%? (1 check)
- Is the Return on Assets (ROA) above industry average? (1 check)
- Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
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.
- 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
Assets
Liabilities and shares
- 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.
All data from Yara International Company Filings, last reported 3 months ago.
| 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).
Financial health checks
We assess Yara International's financial health by checking for:- Are short term assets greater than short term liabilities? (1 check)
- Are short term assets greater than long term liabilities? (1 check)
- Has the debt to equity ratio increased in the past 5 years? (1 check)
- Is the debt to equity ratio over 40%? (1 check)
- Is the debt covered by operating cash flow? (1 check)
- Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check) Yara International has a total score of 3/6, see the detailed checks below.
- Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
- 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
If you bought
NOK2,000 of
Yara International
shares you are expected to receive
NOK34
in your first year as a dividend.
Dividend Amount
- 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.
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.
| 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.
| 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 |
| 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.
Income/ dividend checks
We assess Yara International's dividend by checking for:- Firstly is the company paying a notable dividend (greater than 1.8%) - if not then the rest of the checks are ignored.
- Is current dividend yield above the bottom 25% of dividend payers? (1 check)
- Is current dividend yield above the top 25% of dividend payers? (1 check)
- Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
- If they have paid a dividend for 10 years has it increased in this time? (1 check)
- 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) 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
CEO
| 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:
- The tenure for the Yara International management team is about average.
Management Team
Svein Holsether
President & CEO
$11M
46
3.6 yrs
Kristine Ryssdal
Executive VP & General Counsel
$4M
58
2.9 yrs
Terje Knutsen
Executive Vice President of Sales & Marketing
$6M
56
0.3 yrs
Lene Trollnes
Executive Vice President of People & Global Functions
$5M
50
2.6 yrs
Torgeir Kvidal
Head of Mining Operations
$6M
53
1.1 yrs
Yves Bonte
Executive Vice President of New Business
$9M
57
9.3 yrs
Rune Bratteberg
Head of Chemical Compliance & Director
58
Terje Tollefsen
Executive Vice President of Corporate Strategy & Business Development
$5M
55
2.8 yrs
Tove Andersen
Executive Vice President of Production
$5M
48
3.2 yrs
Lair Hanzen
Executive Vice President of Yara Brazil
$9M
51
3.2 yrs
Board of Directors Tenure
Average tenure and age of the Yara International board of directors in years:
- The tenure for the Yara International board of directors is about average.
Board of Directors
Geir Isaksen
Chairman of the Board
64
1.3 yrs
Maria Hanssen
Vice Chairperson of the Board
53
3.9 yrs
Rune Bratteberg
Head of Chemical Compliance & Director
58
7.3 yrs
Kjersti Aass
Sustainability Development Director & Director
36
3.3 yrs
Trond Berger
Director
61
0.9 yrs
Geir Sundbø
Director
55
9.3 yrs
Hilde Bakken
Director
52
4.9 yrs
John Thuestad
Director
58
4.9 yrs
Morten Ødegård
Deputy Board Member
0.9 yrs
Inge Stabæk
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 | ||
Management checks
We assess Yara International's management by checking for:- Is the CEO's compensation unreasonable compared to market cap? (1 check)
- Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
- Is the average tenure of the management team less than 2 years? (1 check)
- Is the average tenure of the board of directors team less than 3 years? (1 check) 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 - – Full articleCan 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 - – Full articleWho 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 - – Full articleEstimating 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 - – Full articleWhy 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 - – Full articleYara 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 - – Full articleWhat 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 - – Full articleAre 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 - – Full articleSpotlight 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 - – Full articleIs 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 - – Full articleYAR 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
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.
