Iceland Seafood International hf. (ICESEA) - Net Assets
Based on the latest financial reports, Iceland Seafood International hf. (ICESEA) has net assets worth Ikr77.58 Million ISK (≈ $632.44K USD) as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (Ikr243.70 Million ≈ $1.99 Million USD) and total liabilities (Ikr166.12 Million ≈ $1.35 Million USD). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Read Iceland Seafood International hf. balance sheet liabilities for a breakdown of total debt and financial obligations.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | Ikr77.58 Million |
| % of Total Assets | 31.83% |
| Annual Growth Rate | 23.17% |
| 5-Year Change | 1.19% |
| 10-Year Change | N/A |
| Growth Volatility | 81.83 |
Iceland Seafood International hf. - Net Assets Trend (2017–2024)
This chart illustrates how Iceland Seafood International hf.'s net assets have evolved over time, based on quarterly financial data. Also explore ICESEA current and non-current assets for the complete picture of this company's asset base.
Annual Net Assets for Iceland Seafood International hf. (2017–2024)
The table below shows the annual net assets of Iceland Seafood International hf. from 2017 to 2024. For live valuation and market cap data, see Iceland Seafood International hf. market cap and net worth.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | Ikr76.22 Million ≈ $621.37K |
+4.79% |
| 2023-12-31 | Ikr72.73 Million ≈ $592.95K |
-10.62% |
| 2022-12-31 | Ikr81.37 Million ≈ $663.37K |
-11.30% |
| 2021-12-31 | Ikr91.73 Million ≈ $747.87K |
+21.80% |
| 2020-12-31 | Ikr75.32 Million ≈ $614.03K |
-6.14% |
| 2019-12-31 | Ikr80.24 Million ≈ $654.17K |
+35.22% |
| 2018-12-31 | Ikr59.34 Million ≈ $483.79K |
+234.89% |
| 2017-12-31 | Ikr17.72 Million ≈ $144.46K |
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Equity Component Analysis
This analysis shows how different components contribute to Iceland Seafood International hf.'s total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 2404.1% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | Ikr1.85 Million | 2.50% |
| Other Components | Ikr72.16 Million | 97.50% |
| Total Equity | Ikr74.01 Million | 100.00% |
Iceland Seafood International hf. Competitors by Market Cap
The table below lists competitors of Iceland Seafood International hf. ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
IokCompany Co. Ltd
KQ:078860
|
$109.44 Million |
|
Gandhi Special Tubes Limited
NSE:GANDHITUBE
|
$109.45 Million |
|
GRP Limited
NSE:GRPLTD
|
$109.46 Million |
|
Sambo Corrugated Board Co. Ltd
KQ:023600
|
$109.46 Million |
|
Volati AB
ST:VOLO-PREF
|
$109.42 Million |
|
Schroders PLC
LSE:SDR
|
$109.42 Million |
|
Fabryka Obrabiarek RAFAMET S.A.
WAR:RAF
|
$109.39 Million |
|
Cisadane Sawit Raya Pt
JK:CSRA
|
$109.31 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Iceland Seafood International hf.'s equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 71,005,000 to 74,010,000, a change of 3,005,000 (4.2%).
- Net income of 2,654,000 contributed positively to equity growth.
- New share issuances of 360,000 increased equity.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | Ikr2.65 Million | +3.59% |
| Share Issuances | Ikr360.00K | +0.49% |
| Other Changes | Ikr-9.00K | -0.01% |
| Total Change | Ikr- | 4.23% |
Book Value vs Market Value Analysis
This analysis compares Iceland Seafood International hf.'s book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 181.36x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 323.59x to 181.36x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-12-31 | Ikr0.01 | Ikr4.38 | x |
| 2018-12-31 | Ikr0.02 | Ikr4.38 | x |
| 2019-12-31 | Ikr0.03 | Ikr4.38 | x |
| 2020-12-31 | Ikr0.03 | Ikr4.38 | x |
| 2021-12-31 | Ikr0.03 | Ikr4.38 | x |
| 2022-12-31 | Ikr0.03 | Ikr4.38 | x |
| 2023-12-31 | Ikr0.02 | Ikr4.38 | x |
| 2024-12-31 | Ikr0.02 | Ikr4.38 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Iceland Seafood International hf. utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 3.59%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.60%
- • Asset Turnover: 1.75x
- • Equity Multiplier: 3.43x
- Recent ROE (3.59%) is above the historical average (0.15%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2017 | 14.60% | 1.03% | 2.83x | 5.01x | Ikr809.90K |
| 2018 | 7.12% | 1.16% | 1.79x | 3.43x | Ikr-1.63 Million |
| 2019 | 6.78% | 1.16% | 2.14x | 2.74x | Ikr-2.46 Million |
| 2020 | -0.05% | -0.01% | 1.53x | 3.21x | Ikr-7.56 Million |
| 2021 | 9.82% | 1.96% | 1.61x | 3.12x | Ikr-160.70K |
| 2022 | -12.23% | -2.31% | 1.45x | 3.66x | Ikr-17.65 Million |
| 2023 | -28.47% | -4.70% | 1.69x | 3.59x | Ikr-27.31 Million |
| 2024 | 3.59% | 0.60% | 1.75x | 3.43x | Ikr-4.75 Million |
Industry Comparison
This section compares Iceland Seafood International hf.'s net assets metrics with peer companies in the Packaged Foods industry.
No peer company data available for comparison.
About Iceland Seafood International hf.
Iceland Seafood International hf., together with its subsidiaries, engages in exporting of seafood worldwide. It operates through Value Added Southern Europe, Value Added Northern Europe, and Sales & Distribution segments. The company offers ready meals, fresh seafood, coated products, shellfish, smoked fish, landfrozen, light and wet salted, frozen at sea, pelagic fish, cephalopod, and dried pro… Read more