Fjord1 ASA, together with its subsidiaries, operates passenger ferries and other passenger boats in Norway. More Details
Unattractive dividend payer with concerning outlook.
Share Price & News
How has Fjord1's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: FJORD has not had significant price volatility in the past 3 months.
7 Day Return
1 Year Return
Return vs Industry: FJORD exceeded the Norwegian Shipping industry which returned -18.6% over the past year.
Return vs Market: FJORD exceeded the Norwegian Market which returned -6.4% over the past year.
Price Volatility Vs. Market
How volatile is Fjord1's share price compared to the market and industry in the last 5 years?
Simply Wall St News
2 weeks ago | Simply Wall StShould You Be Worried About Fjord1 ASA's (OB:FJORD) 4.4% Return On Equity?
1 month ago | Simply Wall StWhat Can We Learn About Fjord1's (OB:FJORD) CEO Compensation?
1 month ago | Simply Wall StWe're Not Counting On Fjord1 (OB:FJORD) To Sustain Its Statutory Profitability
Is Fjord1 undervalued compared to its fair value and its price relative to the market?
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: FJORD (NOK42.9) is trading above our estimate of fair value (NOK12.28)
Significantly Below Fair Value: FJORD is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: FJORD is poor value based on its PE Ratio (43.3x) compared to the NO Shipping industry average (13.8x).
PE vs Market: FJORD is poor value based on its PE Ratio (43.3x) compared to the Norwegian market (14.9x).
Price to Earnings Growth Ratio
PEG Ratio: FJORD is poor value based on its PEG Ratio (3x)
Price to Book Ratio
PB vs Industry: FJORD is overvalued based on its PB Ratio (1.9x) compared to the NO Shipping industry average (0.6x).
How is Fjord1 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: FJORD's forecast earnings growth (14.5% per year) is above the savings rate (1.6%).
Earnings vs Market: FJORD's earnings (14.5% per year) are forecast to grow slower than the Norwegian market (33.1% per year).
High Growth Earnings: FJORD's earnings are forecast to grow, but not significantly.
Revenue vs Market: FJORD's revenue (2.3% per year) is forecast to grow slower than the Norwegian market (5.4% per year).
High Growth Revenue: FJORD's revenue (2.3% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: FJORD's Return on Equity is forecast to be low in 3 years time (11%).
How has Fjord1 performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: FJORD has a high level of non-cash earnings.
Growing Profit Margin: FJORD's current net profit margins (3.5%) are lower than last year (14.9%).
Past Earnings Growth Analysis
Earnings Trend: FJORD's earnings have declined by 12% per year over the past 5 years.
Accelerating Growth: FJORD's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: FJORD had negative earnings growth (-76.8%) over the past year, making it difficult to compare to the Shipping industry average (-13.1%).
Return on Equity
High ROE: FJORD's Return on Equity (4.4%) is considered low.
How is Fjord1's financial position?
Financial Position Analysis
Short Term Liabilities: FJORD's short term assets (NOK900.1M) do not cover its short term liabilities (NOK1.8B).
Long Term Liabilities: FJORD's short term assets (NOK900.1M) do not cover its long term liabilities (NOK5.8B).
Debt to Equity History and Analysis
Debt Level: FJORD's debt to equity ratio (270.1%) is considered high.
Reducing Debt: FJORD's debt to equity ratio has increased from 176.6% to 270.1% over the past 5 years.
Debt Coverage: FJORD's debt is not well covered by operating cash flow (7.2%).
Interest Coverage: FJORD's interest payments on its debt are not well covered by EBIT (1.9x coverage).
What is Fjord1 current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: FJORD's dividend (6.29%) is higher than the bottom 25% of dividend payers in the Norwegian market (2.52%).
High Dividend: FJORD's dividend (6.29%) is low compared to the top 25% of dividend payers in the Norwegian market (6.55%).
Stability and Growth of Payments
Stable Dividend: Whilst dividend payments have been stable, FJORD has been paying a dividend for less than 10 years.
Growing Dividend: FJORD has only been paying a dividend for 2 years, and since then payments have not increased.
Current Payout to Shareholders
Dividend Coverage: With its high payout ratio (272.2%), FJORD's dividend payments are not well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: FJORD's dividends in 3 years are forecast to be well covered by earnings (15.9% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
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 ($USD642.58K) is about average for companies of similar size in the Norwegian market ($USD554.46K).
Compensation vs Earnings: Dagfinn's compensation has been consistent with company performance over the past year.
|Chief Executive Officer||3.75yrs||kr5.96m||0.060% |
|Chief Financial Officer||6.83yrs||kr2.15m||0.018% |
|Chief Operational Officer||3.58yrs||kr2.15m||0.018% |
Experienced Management: FJORD's management team is considered experienced (3.8 years average tenure).
|Director||0.75yr||no data||no data|
|Independent Director||0.75yr||no data||no data|
|Independent Employee Representative Director||12.75yrs||kr238.00k||0.0014% |
|Observer - Employee Representative||1.33yrs||kr40.00k||0.00046% |
|Observer- Employee Representative||3.25yrs||kr83.00k||0.00029% |
|Employee Representative Deputy Member||3.25yrs||no data||0.00062% |
|Employee Representative Deputy Member||3.25yrs||no data||0.00062% |
|Employee Representative Deputy Member||1.33yrs||no data||0.00029% |
|Independent Director||2.42yrs||kr283.00k||no data|
|Independent Employee Representative Director||1.33yrs||kr113.00k||no data|
Experienced Board: FJORD's board of directors are not considered experienced ( 2.8 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: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Fjord1 ASA's company bio, employee growth, exchange listings and data sources
- Name: Fjord1 ASA
- Ticker: FJORD
- Exchange: OB
- Founded: 2001
- Industry: Marine
- Sector: Transportation
- Market Cap: kr4.286b
- Shares outstanding: 99.91m
- Website: https://www.fjord1.no
Number of Employees
- Fjord1 ASA
- Strandavegen 15
- Sogn og Fjordane
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|FJORD||OB (Oslo Bors)||Yes||Ordinary Shares||NO||NOK||May 2017|
|0RUB||LSE (London Stock Exchange)||Yes||Ordinary Shares||GB||NOK||May 2017|
|F1K||DB (Deutsche Boerse AG)||Yes||Ordinary Shares||DE||EUR||May 2017|
|FJORDO||BATS-CHIXE (BATS 'Chi-X Europe')||Yes||Ordinary Shares||GB||NOK||May 2017|
Fjord1 ASA, together with its subsidiaries, operates passenger ferries and other passenger boats in Norway. The company operates in four segments: Ferry, Passenger Boat, Catering, and Tourism. The company’ ...
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/10/20 20:47|
|End of Day Share Price||2020/10/20 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.