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FROY

FrøyOB:FROY Stock Report

Market Cap

kr4.4b

7D

-3.0%

1Y

n/a

Updated

23 Sep, 2021

Data

Company Financials +
FROY fundamental analysis
Snowflake Score
Valuation2/6
Future Growth4/6
Past Performance0/6
Financial Health3/6
Dividends0/6

FROY Overview

Frøy ASA provides vessel and value chain services to the aquaculture industry in Norway.

Price History & Performance

Summary of all time highs, changes and price drops for Frøy
Historical stock prices
Current Share Pricekr50.70
52 Week Highkr48.71
52 Week Lowkr66.19
Beta0
1 Month Change-6.80%
3 Month Change-14.07%
1 Year Changen/a
3 Year Changen/a
5 Year Changen/a
Change since IPO-16.89%

Recent News & Updates

Shareholder Returns

FROYNO ShippingNO Market
7D-3.0%-4.4%0.5%
1Yn/a79.1%25.9%

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.

Price Volatility

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

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

FoundedEmployeesCEOWebsite
2019664Helge Gasohttps://froygruppen.no

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

How do Frøy's earnings and revenue compare to its market cap?
FROY fundamental statistics
Market Capkr4.38b
Earnings (TTM)-kr150.37m
Revenue (TTM)kr1.48b

3.0x

P/S Ratio

-29.1x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
FROY income statement (TTM)
Revenuekr1.48b
Cost of Revenuekr742.64m
Gross Profitkr734.13m
Expenseskr884.51m
Earnings-kr150.37m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

Nov 11, 2021

Earnings per share (EPS)-1.74
Gross Margin49.71%
Net Profit Margin-10.18%
Debt/Equity Ratio113.7%

How did FROY perform over the long term?

See historical performance and comparison

Valuation

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

>50%

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).


Future Growth

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

62.0%

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%).


Past Performance

How has Frøy performed over the past 5 years?

-185.0%

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.


Financial Health

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).


Balance Sheet


Dividend

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

2.57%

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.


Next Steps

Management

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

0.6yrs

Average board tenure


CEO

Helge Gaso (60 yo)

18.67yrs

Tenure

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...


Board Members

Experienced Board: FROY's board of directors are not considered experienced ( 0.6 years average tenure), which suggests a new board.


Ownership

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

Ownership Breakdown

Dilution of Shares: FROY only recently listed within the past 12 months.


Top Shareholders

Company Information

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


Key Information

  • 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


Location

  • Frøy ASA
  • Siholmveien 34
  • Sistranda
  • 7260
  • Norway

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/09/23 21:45
End of Day Share Price2021/09/23 00:00
Earnings2021/06/30
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.