Skel fjárfestingafélag hf.
Skel fjárfestingafélag hf., an investment company, engages in the purchasing, distribution, and wholesale of fuel, lubricants, cleaning and chemical products, fertilizers, and other products and services to companies and farmers in Iceland. It is involved in receiving, storing, and delivering fuel from depots. In addition, the company operates gas, hydrogen, methane, and electric charging station… Read more
Skel fjárfestingafélag hf. (SKEL) - Net Assets
Latest net assets as of June 2025: Ikr37.20 Billion ISK
Based on the latest financial reports, Skel fjárfestingafélag hf. (SKEL) has net assets worth Ikr37.20 Billion ISK as of June 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (Ikr56.66 Billion) and total liabilities (Ikr19.46 Billion). 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.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | Ikr37.20 Billion |
| % of Total Assets | 65.65% |
| Annual Growth Rate | 18.37% |
| 5-Year Change | 340.72% |
| 10-Year Change | 484.76% |
| Growth Volatility | 33.22 |
Skel fjárfestingafélag hf. - Net Assets Trend (2014–2024)
This chart illustrates how Skel fjárfestingafélag hf.'s net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Skel fjárfestingafélag hf. (2014–2024)
The table below shows the annual net assets of Skel fjárfestingafélag hf. from 2014 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | Ikr43.73 Billion | +16.27% |
| 2023-12-31 | Ikr37.61 Billion | +12.51% |
| 2022-12-31 | Ikr33.43 Billion | +103.24% |
| 2021-12-31 | Ikr16.45 Billion | +65.77% |
| 2020-12-31 | Ikr9.92 Billion | +1.02% |
| 2019-12-31 | Ikr9.82 Billion | +9.08% |
| 2018-12-31 | Ikr9.00 Billion | +14.25% |
| 2017-12-31 | Ikr7.88 Billion | +10.81% |
| 2016-12-31 | Ikr7.11 Billion | -4.89% |
| 2015-12-31 | Ikr7.48 Billion | -7.65% |
| 2014-12-31 | Ikr8.10 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Skel fjárfestingafélag 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 1250300000000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | Ikr12.50 Billion | 28.59% |
| Other Components | Ikr31.23 Billion | 71.41% |
| Total Equity | Ikr43.73 Billion | 100.00% |
Skel fjárfestingafélag hf. Competitors by Market Cap
The table below lists competitors of Skel fjárfestingafélag hf. ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
C.P. Tower Growth Leasehold Property Fund
BK:CPTGF
|
$83.24 Million |
|
Peak Rare EARTHS Ltd
AU:PEK
|
$83.27 Million |
|
Gujarat Industries Power Company Limited
NSE:GIPCL
|
$83.34 Million |
|
PChome Online
TWO:8044
|
$83.38 Million |
|
G Willi-Food International Ltd
NASDAQ:WILC
|
$83.21 Million |
|
NRC Group ASA
OL:NRC
|
$83.20 Million |
|
OZATA DENIZCILIK
IS:OZATD
|
$83.20 Million |
|
Campine
BR:CAMB
|
$83.19 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Skel fjárfestingafélag hf.'s equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 37,610,000,000 to 43,728,000,000, a change of 6,118,000,000 (16.3%).
- Net income of 6,754,000,000 contributed positively to equity growth.
- Dividend payments of 750,000,000 reduced retained earnings.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | Ikr6.75 Billion | +15.45% |
| Dividends Paid | Ikr750.00 Million | -1.72% |
| Other Changes | Ikr114.00 Million | +0.26% |
| Total Change | Ikr- | 16.27% |
Book Value vs Market Value Analysis
This analysis compares Skel fjárfestingafélag 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: 0.70x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
- The price-to-book ratio has decreased from 3.81x to 0.70x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2018-12-31 | Ikr4.31 | Ikr16.40 | x |
| 2019-12-31 | Ikr4.85 | Ikr16.40 | x |
| 2020-12-31 | Ikr5.31 | Ikr16.40 | x |
| 2021-12-31 | Ikr8.94 | Ikr16.40 | x |
| 2022-12-31 | Ikr17.27 | Ikr16.40 | x |
| 2023-12-31 | Ikr19.43 | Ikr16.40 | x |
| 2024-12-31 | Ikr23.28 | Ikr16.40 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Skel fjárfestingafélag 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): 15.45%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.00%
- • Asset Turnover: 0.00x
- • Equity Multiplier: 1.39x
- Recent ROE (15.45%) is below the historical average (18.41%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2014 | 7.05% | 1.33% | 2.00x | 2.65x | Ikr-238.94 Million |
| 2015 | 3.65% | 0.74% | 2.00x | 2.46x | Ikr-474.64 Million |
| 2016 | 17.74% | 2.75% | 2.51x | 2.57x | Ikr550.53 Million |
| 2017 | 14.52% | 2.06% | 2.65x | 2.67x | Ikr355.80 Million |
| 2018 | 17.71% | 3.29% | 1.92x | 2.80x | Ikr682.30 Million |
| 2019 | 14.25% | 2.68% | 2.09x | 2.54x | Ikr409.10 Million |
| 2020 | 7.85% | 1.84% | 1.62x | 2.64x | Ikr-208.00 Million |
| 2021 | 37.56% | 18.02% | 1.03x | 2.03x | Ikr4.48 Billion |
| 2022 | 52.40% | 0.00% | 0.00x | 1.15x | Ikr14.17 Billion |
| 2023 | 14.38% | 0.00% | 0.00x | 1.32x | Ikr1.65 Billion |
| 2024 | 15.45% | 0.00% | 0.00x | 1.39x | Ikr2.38 Billion |
Industry Comparison
This section compares Skel fjárfestingafélag hf.'s net assets metrics with peer companies in the Specialty Retail industry.
Industry Context
- Industry: Specialty Retail
- Average net assets among peers: $11,258,949,000
- Average return on equity (ROE) among peers: 14.46%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Skel fjárfestingafélag hf. (SKEL) | Ikr37.20 Billion | 7.05% | 0.52x | $83.24 Million |
| Festi hf (FESTI) | $11.26 Billion | 14.46% | 1.02x | $568.02 Million |