OB:NTS

Stock Analysis Report

Executive Summary

NTS ASA, an integrated aquaculture company, engages in the aquaculture, well-boat, sea transport, and service boat businesses in Norway.


Snowflake Analysis

High growth potential with questionable track record.

Share Price & News

How has NTS's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: NTS has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

-6.3%

NTS

-8.4%

NO Shipping

-5.1%

NO Market


1 Year Return

16.5%

NTS

-10.3%

NO Shipping

-5.6%

NO Market

Return vs Industry: NTS exceeded the Norwegian Shipping industry which returned -10.3% over the past year.

Return vs Market: NTS exceeded the Norwegian Market which returned -5.6% over the past year.


Shareholder returns

NTSIndustryMarket
7 Day-6.3%-8.4%-5.1%
30 Day8.8%-9.5%-5.3%
90 Day21.3%-3.4%-3.2%
1 Year19.5%16.5%-7.2%-10.3%-0.7%-5.6%
3 Yearn/a-18.4%-24.4%25.1%9.4%
5 Yearn/a-10.0%-21.6%52.3%18.3%

Price Volatility Vs. Market

How volatile is NTS's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

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

18.11x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: NTS (NOK74) is trading above our estimate of fair value (NOK31.29)

Significantly Below Fair Value: NTS is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: NTS is poor value based on its PE Ratio (18.1x) compared to the Shipping industry average (15.1x).

PE vs Market: NTS is poor value based on its PE Ratio (18.1x) compared to the Norwegian market (14.4x).


Price to Earnings Growth Ratio

PEG Ratio: NTS is good value based on its PEG Ratio (0.5x)


Price to Book Ratio

PB vs Industry: NTS is overvalued based on its PB Ratio (2.1x) compared to the NO Shipping industry average (0.6x).


Next Steps

Future Growth

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

37.6%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: NTS's forecast earnings growth (37.6% per year) is above the savings rate (0.7%).

Earnings vs Market: NTS's earnings (37.6% per year) are forecast to grow faster than the Norwegian market (18.2% per year).

High Growth Earnings: earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: NTS's revenue (28.8% per year) is forecast to grow faster than the Norwegian market (3.3% per year).

High Growth Revenue: NTS's revenue (28.8% per year) is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: NTS's Return on Equity is forecast to be low in 3 years time (14.9%).


Next Steps

Past Performance

How has NTS performed over the past 5 years?

39.2%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: NTS has high quality earnings.

Growing Profit Margin: NTS's current net profit margins (17%) are lower than last year (26.1%).


Past Earnings Growth Analysis

Earnings Trend: NTS's earnings have grown significantly by 39.2% per year over the past 5 years.

Accelerating Growth: NTS's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: NTS had negative earnings growth (-15.3%) over the past year, making it difficult to compare to the Shipping industry average (-43.4%).


Return on Equity

High ROE: NTS's Return on Equity (10.6%) is considered low.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is NTS's financial position?


Financial Position Analysis

Short Term Liabilities: NTS's short term assets (NOK1.1B) exceed its short term liabilities (NOK931.1M).

Long Term Liabilities: NTS's short term assets (NOK1.1B) do not cover its long term liabilities (NOK2.4B).


Debt to Equity History and Analysis

Debt Level: NTS's debt to equity ratio (82.5%) is considered high.

Reducing Debt: Insufficient data to determine if NTS's debt to equity ratio has reduced over the past 5 years.

Debt Coverage: NTS's debt is not well covered by operating cash flow (12.8%).

Interest Coverage: NTS's interest payments on its debt are well covered by EBIT (6.3x coverage).


Balance Sheet

Inventory Level: NTS has a high level of physical assets or inventory.

Debt Coverage by Assets: NTS's debt is not covered by short term assets (assets are 0.4x debt).


Next Steps

Dividend

What is NTS's current dividend yield, its reliability and sustainability?

2.03%

Current Dividend Yield


Dividend Yield vs Market

company2.0%marketbottom25%3.0%markettop25%6.4%industryaverage4.3%forecastin3Years2.8%

Current dividend yield vs market & industry

Notable Dividend: NTS's dividend (2.03%) isn’t notable compared to the bottom 25% of dividend payers in the Norwegian market (2.99%).

High Dividend: NTS's dividend (2.03%) is low compared to the top 25% of dividend payers in the Norwegian market (6.42%).


Stability and Growth of Payments

Stable Dividend: Whilst dividend payments have been stable, NTS has been paying a dividend for less than 10 years.

Growing Dividend: NTS's dividend payments have increased, but the company has only paid a dividend for 2 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (36.7%), NTS's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: NTS's dividends in 3 years are forecast to be well covered by earnings (42.8% payout ratio).


Next Steps

Management

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

kr2m

CEO Compensation


CEO

Harry Bøe 0

kr1,639,000

Compensation

Mr. Harry Bøe serves as Chief Executive Officer at NTS ASA. Mr. Bøe serves as an ADM. Manager at Norsk Fisketransport AS. 


CEO Compensation Analysis

Compensation vs Market: Harry's total compensation ($USD174.85K) is below average for companies of similar size in the Norwegian market ($USD544.72K).

Compensation vs Earnings: Insufficient data to compare Harry's compensation with company performance.


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


Top Shareholders

Company Information

NTS ASA's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: NTS ASA
  • Ticker: NTS
  • Exchange: OB
  • Founded: 1879
  • Industry: Marine
  • Sector: Transportation
  • Market Cap: kr5.384b
  • Shares outstanding: 72.76m
  • Website: https://www.ntsasa.no

Location

  • NTS ASA
  • Sentrumsgata 6
  • Kolvereid
  • Nord-Trøndelag
  • 7970
  • Norway

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
NTSOB (Oslo Bors)YesShare CapitalNONOKJun 2017
NTSOBATS-CHIXE (BATS 'Chi-X Europe')YesShare CapitalGBNOKJun 2017
0JFPLSE (London Stock Exchange)YesShare CapitalGBNOKJun 2017

Biography

NTS ASA, an integrated aquaculture company, engages in the aquaculture, well-boat, sea transport, and service boat businesses in Norway. The company produces salmon; provides well-boat shipping services; and transports fish and fish products by sea and land. It also supplies various safety systems for boats, fish farms, and land customers; and provides preparation, implementation, and maintenance services for management systems and security management systems. In addition, the company operates boat and ferry connections; and offers diving services and other services for the aquaculture and other sectors. It operates 15 connections, including 10 ferry connections, 4 fast ferry routes, and 1 local boat route, as well as 23 service vessels. The company was founded in 1879 and is based in Kolvereid, Norway. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/02/27 00:12
End of Day Share Price2020/02/26 00:00
Earnings2019/09/30
Annual Earnings2018/12/31


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.