Frøy ASA provides vessel and value chain services to the aquaculture industry in Norway.
Price History & Performance
|Historical stock prices|
|Current Share Price||kr50.70|
|52 Week High||kr48.71|
|52 Week Low||kr66.19|
|1 Month Change||-6.80%|
|3 Month Change||-14.07%|
|1 Year Change||n/a|
|3 Year Change||n/a|
|5 Year Change||n/a|
|Change since IPO||-16.89%|
Recent News & Updates
|FROY||NO Shipping||NO Market|
Return vs Industry: Insufficient data to determine how FROY performed against the Norwegian Shipping industry.
Return vs Market: Insufficient data to determine how FROY performed against the Norwegian Market.
Stable Share Price: FROY is less volatile than 75% of Norwegian stocks over the past 3 months, typically moving +/- 4% a week.
Volatility Over Time: FROY's weekly volatility (4%) has been stable over the past year.
About the Company
Frøy ASA provides vessel and value chain services to the aquaculture industry in Norway. The company offers wellboat services, sea freight, de-lice and treatment, mooring and laying, ring washing and cage services, net washing and mending, inspection and certification, bottom mapping and documentation, slep, diving and ROV, and control system. The company was incorporated in 2019 and is headquartered in Sistranda, Norway.
Frøy Fundamentals Summary
|FROY fundamental statistics|
Is FROY overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|FROY income statement (TTM)|
|Cost of Revenue||kr742.64m|
Last Reported Earnings
Jun 30, 2021
Next Earnings Date
Nov 11, 2021
|Earnings per share (EPS)||-1.74|
|Net Profit Margin||-10.18%|
How did FROY perform over the long term?See historical performance and comparison
Is Frøy 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: FROY (NOK50.7) is trading below our estimate of fair value (NOK446.87)
Significantly Below Fair Value: FROY is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: FROY is unprofitable, so we can't compare its PE Ratio to the Norwegian Shipping industry average.
PE vs Market: FROY 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 FROY's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: FROY is overvalued based on its PB Ratio (1.5x) compared to the NO Shipping industry average (1.3x).
How is Frøy forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: FROY is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (1.2%).
Earnings vs Market: FROY is forecast to become profitable over the next 3 years, which is considered above average market growth.
High Growth Earnings: FROY's is expected to become profitable in the next 3 years.
Revenue vs Market: FROY's revenue (15.5% per year) is forecast to grow faster than the Norwegian market (5.7% per year).
High Growth Revenue: FROY's revenue (15.5% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: FROY's Return on Equity is forecast to be low in 3 years time (11%).
How has Frøy performed over the past 5 years?
Last years earnings growth
Earnings and Revenue History
Quality Earnings: FROY is currently unprofitable.
Growing Profit Margin: FROY is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: Insufficient data to determine if FROY's year-on-year earnings growth rate was positive over the past 5 years.
Accelerating Growth: Unable to compare FROY's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: FROY is unprofitable, making it difficult to compare its past year earnings growth to the Shipping industry (144.4%).
Return on Equity
High ROE: FROY has a negative Return on Equity (-4.23%), as it is currently unprofitable.
How is Frøy's financial position?
Financial Position Analysis
Short Term Liabilities: FROY's short term assets (NOK997.0M) exceed its short term liabilities (NOK714.0M).
Long Term Liabilities: FROY's short term assets (NOK997.0M) do not cover its long term liabilities (NOK3.3B).
Debt to Equity History and Analysis
Debt Level: FROY's debt to equity ratio (113.7%) is considered high.
Reducing Debt: Insufficient data to determine if FROY's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: FROY's debt is well covered by operating cash flow (22.6%).
Interest Coverage: FROY's interest payments on its debt are well covered by EBIT (4x coverage).
What is Frøy current dividend yield, its reliability and sustainability?
Forecast Dividend Yield
Dividend Yield vs Market
Notable Dividend: Unable to evaluate FROY's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate FROY'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 FROY's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if FROY's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: FROY is not paying a notable dividend for the Norwegian market.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of FROY'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 board tenure
Helge Gaso (60 yo)
Mr. Helge Gaso serves as Founder and Chief Executive Officer at Frøy ASA since 2003. Mr. Gaso is the owner of Gåsø Næringsutvikling and Frøy Sjøtransport. He served as Chairman of the Board at NTS ASA sinc...
Experienced Board: FROY's board of directors are not considered experienced ( 0.6 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.
Recent Insider Transactions
Dilution of Shares: FROY only recently listed within the past 12 months.
Frøy ASA's employee growth, exchange listings and data sources
- Name: Frøy ASA
- Ticker: FROY
- Exchange: OB
- Founded: 2019
- Industry: Marine
- Sector: Transportation
- Market Cap: kr4.378b
- Shares outstanding: 86.35m
- Website: https://froygruppen.no
Number of Employees
- Frøy ASA
- Siholmveien 34
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/09/23 21:45|
|End of Day Share Price||2021/09/23 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.