Financials Ice Fish Farm

Equities

IFISH

NO0010884794

Fishing & Farming

Market Closed - Oslo Bors 15:45:00 10/05/2024 BST 5-day change 1st Jan Change
29 NOK 0.00% Intraday chart for Ice Fish Farm +8.21% +23.93%

Valuation

Fiscal Period: December 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 2,322 2,246 2,563 2,861 3,546 - -
Enterprise Value (EV) 1 2,322 2,730 3,504 4,150 4,836 4,737 4,425
P/E ratio - 112 x -51.9 x 36 x 17 x 8.37 x 6.97 x
Yield - - - - - 7.01% 8.94%
Capitalization / Revenue 8.19 x 6.96 x 3.83 x 6.38 x 1.93 x 1.41 x 1.29 x
EV / Revenue 8.19 x 8.46 x 5.23 x 9.25 x 2.63 x 1.88 x 1.61 x
EV / EBITDA - 45.6 x 28.4 x 26 x 8.93 x 5.64 x 4.73 x
EV / FCF - -9.68 x -113 x -5.97 x 50.4 x -60 x 9.07 x
FCF Yield - -10.3% -0.89% -16.7% 1.99% -1.67% 11%
Price to Book - 2 x 1.13 x 0.85 x 0.99 x 0.89 x 0.8 x
Nbr of stocks (in thousands) 54,000 54,000 91,525 122,261 122,261 - -
Reference price 2 43.00 41.60 28.00 23.40 29.00 29.00 29.00
Announcement Date 24/02/21 23/02/22 28/02/23 29/02/24 - - -
1NOK in Million2NOK
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2020 2021 2022 2023 2024 2025 2026
Net sales 1 283.5 322.8 669.5 448.7 1,839 2,521 2,754
EBITDA 1 - 59.8 123.2 159.5 541.5 839.2 935.9
EBIT 1 - 21.13 -84.64 31.29 401.5 692.4 798.8
Operating Margin - 6.55% -12.64% 6.97% 21.83% 27.47% 29%
Earnings before Tax (EBT) 1 - 22.51 -68.97 77.52 263.9 533.6 640.3
Net income 1 38.2 19.94 -40.63 72.41 209.1 423.7 509
Net margin 13.47% 6.18% -6.07% 16.14% 11.37% 16.81% 18.48%
EPS 2 - 0.3700 -0.5400 0.6500 1.710 3.466 4.163
Free Cash Flow 1 - -281.9 -31.03 -694.9 96 -79 488
FCF margin - -87.35% -4.63% -154.87% 5.22% -3.13% 17.72%
FCF Conversion (EBITDA) - - - - 17.73% - 52.14%
FCF Conversion (Net income) - - - - 45.91% - 95.87%
Dividend per Share 2 - - - - - 2.034 2.593
Announcement Date 24/02/21 23/02/22 28/02/23 29/02/24 - - -
1NOK in Million2NOK
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 Q3 2021 Q4 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4 2025 Q1
Net sales 1 64.02 99.68 155.5 87.12 178.5 248.4 37.41 20.61 23.7 367 433.1 385.2 477.2 571.2 476
EBITDA 1 10.02 12.9 -0.906 36.96 42.98 44.17 31.42 7.881 35.49 84.69 125.1 143.1 101.4 166.5 183
EBIT 1 0.725 -1.001 -12.89 18.12 13.57 12.88 -14.21 -23.58 3.515 51.7 90.5 103.3 58.12 121.3 130
Operating Margin 1.13% -1% -8.29% 20.8% 7.6% 5.19% -37.98% -114.42% 14.83% 14.09% 20.9% 26.82% 12.18% 21.23% 27.31%
Earnings before Tax (EBT) 1 -0.336 25.97 -19.82 -144.3 110.5 -15.34 -6.73 -24.06 -14.48 122.8 59.29 76.72 32.49 92.63 158.2
Net income 1 3.959 16.03 -13.34 -124.7 87.83 11.59 -1.206 -16.94 -8.63 103.1 47.43 61.88 26.69 74.8 127.1
Net margin 6.18% 16.08% -8.58% -143.09% 49.21% 4.67% -3.22% -82.21% -36.41% 28.1% 10.95% 16.07% 5.59% 13.1% 26.69%
EPS 2 0.0700 0.3000 -0.2500 -1.360 0.9600 0.1300 -0.0100 -0.1400 -0.0700 0.8400 0.3879 0.5057 0.2179 0.6101 1.042
Dividend per Share 2 - - - - - - - - - - - - - - -
Announcement Date 11/11/21 23/02/22 25/05/22 28/09/22 16/11/22 28/02/23 24/05/23 29/08/23 16/11/23 29/02/24 - - - - -
1NOK in Million2NOK
Estimates

Balance Sheet Analysis

Fiscal Period: December 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 - 483 942 1,289 1,290 1,191 879
Net Cash position 1 - - - - - - -
Leverage (Debt/EBITDA) - 8.082 x 7.644 x 8.082 x 2.383 x 1.419 x 0.9397 x
Free Cash Flow 1 - -282 -31 -695 96 -79 488
ROE (net income / shareholders' equity) - 0.81% -3.51% 2.58% 6.02% 11.2% 12.1%
ROA (Net income/ Total Assets) - - -2.21% 1.66% 3.5% 5.3% 5.5%
Assets 1 - - 1,842 4,366 5,975 7,995 9,255
Book Value Per Share 2 - 20.80 24.80 27.40 29.20 32.70 36.40
Cash Flow per Share - - - - - - -
Capex 1 - 311 143 234 290 257 140
Capex / Sales - 96.49% 21.4% 52.16% 15.77% 10.2% 5.08%
Announcement Date 24/02/21 23/02/22 28/02/23 29/02/24 - - -
1NOK in Million2NOK
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
More Ratings
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
2
Last Close Price
29 NOK
Average target price
32.5 NOK
Spread / Average Target
+12.07%
Consensus
  1. Stock Market
  2. Equities
  3. IFISH Stock
  4. Financials Ice Fish Farm