Ice Group ASA provides telecommunications services in Norway, Sweden, and Denmark.
Slightly overvalued with imperfect balance sheet.
Share Price & News
How has Ice Group's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: ICE has not had significant price volatility in the past 3 months.
7 Day Return
NO Wireless Telecom
1 Year Return
NO Wireless Telecom
Return vs Industry: ICE underperformed the Norwegian Wireless Telecom industry which returned 0.2% over the past year.
Return vs Market: ICE underperformed the Norwegian Market which returned -12.5% over the past year.
Price Volatility Vs. Market
How volatile is Ice Group's share price compared to the market and industry in the last 5 years?
Simply Wall St News
2 weeks ago | Simply Wall StDirector Mari Thjomoe Just Bought 42% More Shares In Ice Group ASA (OB:ICE)
1 month ago | Simply Wall StThe Ice Group (OB:ICE) Share Price Is Down 87% So Some Shareholders Are Rather Upset
2 months ago | Simply Wall StHow Many Ice Group ASA (OB:ICE) Shares Did Insiders Buy, In The Last Year?
Is Ice Group undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: ICE (NOK15.35) is trading below our estimate of fair value (NOK147.6)
Significantly Below Fair Value: ICE is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: ICE is unprofitable, so we can't compare its PE Ratio to the Wireless Telecom industry average.
PE vs Market: ICE is unprofitable, so we can't compare its PE Ratio to the Norwegian market.
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate ICE's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: ICE has negative assets, so we can't compare its PB Ratio to the XE Wireless Telecom industry average.
How is Ice Group forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: ICE is forecast to remain unprofitable over the next 3 years.
Earnings vs Market: ICE is forecast to remain unprofitable over the next 3 years.
High Growth Earnings: ICE is forecast to remain unprofitable over the next 3 years.
Revenue vs Market: ICE's revenue (19.7% per year) is forecast to grow faster than the Norwegian market (4.8% per year).
High Growth Revenue: ICE's revenue (19.7% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: Insufficient data to determine if ICE's Return on Equity is forecast to be high in 3 years time
How has Ice Group performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: ICE is currently unprofitable.
Growing Profit Margin: ICE is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: ICE is unprofitable, and losses have increased over the past 5 years at a rate of -31.4% per year.
Accelerating Growth: Unable to compare ICE's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: ICE is unprofitable, making it difficult to compare its past year earnings growth to the Wireless Telecom industry (-6.9%).
Return on Equity
High ROE: ICE's liabilities exceed its assets, so it is difficult to calculate its Return on Equity.
How is Ice Group's financial position?
Financial Position Analysis
Short Term Liabilities: ICE has negative shareholder equity, which is a more serious situation than short term assets not covering short term liabilities.
Long Term Liabilities: ICE has negative shareholder equity, which is a more serious situation than short term assets not covering long term liabilities.
Debt to Equity History and Analysis
Debt Level: ICE has negative shareholder equity, which is a more serious situation than a high debt level.
Reducing Debt: ICE's has negative shareholder equity, so we do not need to check if its debt has reduced over time.
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: ICE has sufficient cash runway for more than a year based on its current free cash flow.
Forecast Cash Runway: ICE has sufficient cash runway for 1.3 years if free cash flow continues to reduce at historical rates of 28.7% each year.
What is Ice Group's current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Notable Dividend: Unable to evaluate ICE's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate ICE'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 ICE's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if ICE's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of ICE's dividend in 3 years as they are not forecast to pay a notable one for the Norwegian market.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Eivind Helgaker (44yo)
Mr. Eivind Helgaker has been the Chief Executive Officer of Ice Group AS & ice group Scandinavia Holdings AS since August 2018 and is Head of Norwegian Business since 2009. Mr. Helgaker served as Managing ...
|CEO & Head of Norwegian Business||1.83yrs||no data||0.076% NOK2.3m|
|Chief Financial Officer||2.42yrs||no data||0.012% NOK383.9k|
|Chief Technology Officer||3.42yrs||no data||no data|
|Head of Investor Relations||no data||no data||no data|
|General Counsel||1.58yrs||no data||no data|
|Communication Director||no data||no data||no data|
|Chief Commercial Officer||0.67yr||no data||0.0016% NOK50.5k|
|Chief Product Officer||no data||no data||0.0030% NOK92.0k|
|Chief of Staff||1.42yrs||no data||0.0075% NOK233.1k|
Experienced Management: ICE's management team is not considered experienced ( 1.7 years average tenure), which suggests a new team.
|Director||1.83yrs||no data||no data|
|Director||1.83yrs||no data||no data|
|Chairman||0.083yr||no data||no data|
|Director||1.58yrs||no data||0.022% NOK669.7k|
Experienced Board: ICE's board of directors are not considered experienced ( 1.7 years average tenure), which suggests a new board.
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: ICE insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Ice Group ASA's company bio, employee growth, exchange listings and data sources
- Name: Ice Group ASA
- Ticker: ICE
- Exchange: OB
- Founded: 2015
- Industry: Wireless Telecommunication Services
- Sector: Telecom
- Market Cap: kr3.096b
- Shares outstanding: 201.69m
- Website: https://www.icegroup.com
Number of Employees
- Ice Group ASA
- Nydalsveien 18B
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|ICE||OB (Oslo Bors)||Yes||Share Capital||NO||NOK||Apr 2015|
|AI6||DB (Deutsche Boerse AG)||Yes||Share Capital||DE||EUR||Apr 2015|
Ice Group ASA provides telecommunications services in Norway, Sweden, and Denmark. The company offers wireless data, voice, messaging, mobile broadband, telephony, and other related services. It provides its services primarily under the ice and Net1 brands. The company was formerly known as AINMT AS and changed its name to Ice Group ASA in August 2017. Ice Group AS was founded in 2015 and is based in Oslo, Norway.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/06/05 00:06|
|End of Day Share Price||2020/06/04 00:00|
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.