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FJOR

Fjord1OB:FJORD Stock Report

Market Cap

kr5.2b

7D

0%

1Y

21.9%

Updated

24 Aug, 2021

Data

Company Financials +
FJORD fundamental analysis
Snowflake Score
Valuation0/6
Future Growth2/6
Past Performance2/6
Financial Health1/6
Dividends0/6

FJORD Overview

Fjord1 ASA, together with its subsidiaries, operates passenger ferries and other passenger boats in Norway.

Price History & Performance

Summary of all time highs, changes and price drops for Fjord1
Historical stock prices
Current Share Pricekr51.80
52 Week Highkr41.70
52 Week Lowkr53.00
Beta0.54
1 Month Change0.78%
3 Month Change19.08%
1 Year Change21.88%
3 Year Change6.37%
5 Year Changen/a
Change since IPO57.93%

Recent News & Updates

Shareholder Returns

FJORDNO ShippingNO Market
7D0%-4.4%0.5%
1Y21.9%79.1%25.9%

Return vs Industry: FJORD underperformed the Norwegian Marine industry which returned 86.4% over the past year.

Return vs Market: FJORD underperformed the Norwegian Market which returned 26.5% over the past year.

Price Volatility

Is FJORD's price volatile compared to industry and market?
FJORD volatility
FJORD Beta0.54
Industry Beta1.1
Market Beta1

Stable Share Price: FJORD is not significantly more volatile than the rest of Norwegian stocks over the past 3 months, typically moving +/- 6% a week.

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

About the Company

FoundedEmployeesCEOWebsite
19581,169Dagfinn Netelandhttps://www.fjord1.no

Fjord1 ASA, together with its subsidiaries, operates passenger ferries and other passenger boats in Norway. The company operates through four segments: Ferry, Passenger Boat, Catering, and Tourism. The company’s ferries and passenger boats transport vehicles and passengers.

Fjord1 Fundamentals Summary

How do Fjord1's earnings and revenue compare to its market cap?
FJORD fundamental statistics
Market Capkr5.18b
Earnings (TTM)kr197.79m
Revenue (TTM)kr3.02b

26.2x

P/E Ratio

1.7x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
FJORD income statement (TTM)
Revenuekr3.02b
Cost of Revenuekr631.78m
Gross Profitkr2.39b
Expenseskr2.20b
Earningskr197.79m

Last Reported Earnings

Mar 31, 2021

Next Earnings Date

Nov 19, 2021

Earnings per share (EPS)1.98
Gross Margin79.11%
Net Profit Margin6.54%
Debt/Equity Ratio226.9%

How did FJORD perform over the long term?

See historical performance and comparison

Valuation

Is Fjord1 undervalued compared to its fair value and its price relative to the market?

26.17x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate FJORD's fair value to establish if it is undervalued.

Significantly Below Fair Value: Insufficient data to calculate FJORD's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: FJORD is poor value based on its PE Ratio (26.2x) compared to the Norwegian Marine industry average (13.7x).

PE vs Market: FJORD is poor value based on its PE Ratio (26.2x) compared to the Norwegian market (13.9x).


Price to Earnings Growth Ratio

PEG Ratio: FJORD is poor value based on its PEG Ratio (2.4x)


Price to Book Ratio

PB vs Industry: FJORD is overvalued based on its PB Ratio (2.1x) compared to the NO Marine industry average (1.2x).


Future Growth

How is Fjord1 forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

10.9%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: FJORD's forecast earnings growth (10.9% per year) is above the savings rate (1.2%).

Earnings vs Market: FJORD's earnings (10.9% per year) are forecast to grow faster than the Norwegian market (9.6% per year).

High Growth Earnings: FJORD's earnings are forecast to grow, but not significantly.

Revenue vs Market: FJORD's revenue (0.4% per year) is forecast to grow slower than the Norwegian market (5.7% per year).

High Growth Revenue: FJORD's revenue (0.4% 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 FJORD's Return on Equity is forecast to be high in 3 years time


Past Performance

How has Fjord1 performed over the past 5 years?

-29.6%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: FJORD has a large one-off loss of NOK67.3M impacting its March 31 2021 financial results.

Growing Profit Margin: FJORD's current net profit margins (6.5%) are higher than last year (6%).


Past Earnings Growth Analysis

Earnings Trend: FJORD's earnings have declined by 29.6% per year over the past 5 years.

Accelerating Growth: FJORD's earnings growth over the past year (18.2%) exceeds its 5-year average (-29.6% per year).

Earnings vs Industry: FJORD earnings growth over the past year (18.2%) underperformed the Marine industry 54.4%.


Return on Equity

High ROE: FJORD's Return on Equity (8.1%) is considered low.


Financial Health

How is Fjord1's financial position?


Financial Position Analysis

Short Term Liabilities: FJORD's short term assets (NOK766.2M) do not cover its short term liabilities (NOK1.8B).

Long Term Liabilities: FJORD's short term assets (NOK766.2M) do not cover its long term liabilities (NOK5.7B).


Debt to Equity History and Analysis

Debt Level: FJORD's debt to equity ratio (226.9%) is considered high.

Reducing Debt: FJORD's debt to equity ratio has increased from 145% to 226.9% over the past 5 years.

Debt Coverage: FJORD's debt is well covered by operating cash flow (21.4%).

Interest Coverage: FJORD's interest payments on its debt are not well covered by EBIT (2.7x coverage).


Balance Sheet


Dividend

What is Fjord1 current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

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

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

Growing Dividend: Insufficient data to determine if FJORD's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: FJORD is not paying a notable dividend for the Norwegian market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of FJORD's dividend in 3 years as they are not forecast to pay a notable one for the Norwegian market.


Next Steps

Management

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

4.6yrs

Average management tenure


CEO

Dagfinn Neteland

4.58yrs

Tenure

kr5,877,000

Compensation

Mr. Dagfinn Neteland has been the Chief Executive Officer at Fjord1 ASA since January 2017 and served as its Chief Executive Officer from 2014 to January 22, 2016. Mr. Neteland serves as Managing Director...


CEO Compensation Analysis

Compensation vs Market: Dagfinn's total compensation ($USD658.87K) is about average for companies of similar size in the Norwegian market ($USD597.98K).

Compensation vs Earnings: Dagfinn's compensation has been consistent with company performance over the past year.


Leadership Team

Experienced Management: FJORD's management team is considered experienced (4.6 years average tenure).


Board Members

Experienced Board: FJORD's board of directors are considered experienced (3.7 years average tenure).


Ownership

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


Insider Trading Volume

Insider Buying: FJORD insiders have only sold shares in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Fjord1 ASA's employee growth, exchange listings and data sources


Key Information

  • Name: Fjord1 ASA
  • Ticker: FJORD
  • Exchange: OB
  • Founded: 1958
  • Industry: Marine
  • Sector: Transportation
  • Market Cap: kr5.175b
  • Shares outstanding: 99.91m
  • Website: https://www.fjord1.no

Number of Employees


Location

  • Fjord1 ASA
  • Strandavegen 15
  • Florø
  • Sogn og Fjordane
  • 6905
  • Norway

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/08/24 17:03
End of Day Share Price2021/07/28 00:00
Earnings2021/03/31
Annual Earnings2020/12/31


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.