Arctic Fish Holding AS
Arctic Fish Holding AS, together with its subsidiaries, engages in the salmon farming activities in the Westfjords, Iceland. It produces smolt and rainbow trout in the freshwater hatchery. The company also exports its products worldwide. The company was founded in 2011 and is headquartered in Ísafjörður, Iceland. Arctic Fish Holding AS is a subsidiary of Norway Royal Salmon ASA.
Arctic Fish Holding AS (AFISH) - Net Assets
Latest net assets as of June 2025: Nkr63.99 Million NOK
Based on the latest financial reports, Arctic Fish Holding AS (AFISH) has net assets worth Nkr63.99 Million NOK as of June 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (Nkr246.45 Million) and total liabilities (Nkr182.46 Million). 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 | Nkr63.99 Million |
| % of Total Assets | 25.96% |
| Annual Growth Rate | -17.52% |
| 5-Year Change | -81.55% |
| 10-Year Change | N/A |
| Growth Volatility | 626.04 |
Arctic Fish Holding AS - Net Assets Trend (2017–2024)
This chart illustrates how Arctic Fish Holding AS's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Arctic Fish Holding AS (2017–2024)
The table below shows the annual net assets of Arctic Fish Holding AS from 2017 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | Nkr88.36 Million | +3.05% |
| 2023-12-31 | Nkr85.74 Million | -91.73% |
| 2022-12-31 | Nkr1.04 Billion | +6.28% |
| 2021-12-31 | Nkr975.51 Million | +103.74% |
| 2020-12-31 | Nkr478.80 Million | +1766.09% |
| 2019-12-31 | Nkr25.66 Million | -16.06% |
| 2018-12-31 | Nkr30.57 Million | -91.02% |
| 2017-12-31 | Nkr340.40 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Arctic Fish Holding AS'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 125845600000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | Nkr3.03 Million | 3.43% |
| Other Components | Nkr95.28 Million | 107.84% |
| Total Equity | Nkr88.36 Million | 100.00% |
Arctic Fish Holding AS Competitors by Market Cap
The table below lists competitors of Arctic Fish Holding AS ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
INDICE FINANCEIRO
SA:IFNC
|
$29.37 Million |
|
PT Pakuwon Jati Tbk
OTCGREY:PTPKF
|
$29.38 Million |
|
Country Group Holdings Public Company Limited
BK:CGH
|
$29.38 Million |
|
Taiwan Allied Container Terminal
TWO:5601
|
$29.39 Million |
|
NAVAMEDIC ASA NK 1
F:N1A
|
$29.35 Million |
|
MMC Sanayi ve Ticari Yatirimlar AS
IS:MMCAS
|
$29.35 Million |
|
Krungdhep Sophon Public Company Limited
BK:KWC
|
$29.35 Million |
|
Astra Graphia Tbk
JK:ASGR
|
$29.34 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Arctic Fish Holding AS's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 85,739,000 to 88,355,000, a change of 2,616,000 (3.1%).
- Net income of 2,615,000 contributed positively to equity growth.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | Nkr2.62 Million | +2.96% |
| Other Changes | Nkr1.00K | +0.0% |
| Total Change | Nkr- | 3.05% |
Book Value vs Market Value Analysis
This analysis compares Arctic Fish Holding AS'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: 9.38x
- 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 increased from 2.43x to 9.38x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-12-31 | Nkr10.68 | Nkr26.00 | x |
| 2018-12-31 | Nkr0.96 | Nkr26.00 | x |
| 2019-12-31 | Nkr0.80 | Nkr26.00 | x |
| 2020-12-31 | Nkr15.02 | Nkr26.00 | x |
| 2021-12-31 | Nkr30.60 | Nkr26.00 | x |
| 2022-12-31 | Nkr32.53 | Nkr26.00 | x |
| 2023-12-31 | Nkr2.69 | Nkr26.00 | x |
| 2024-12-31 | Nkr2.77 | Nkr26.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Arctic Fish Holding AS 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): 2.96%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 3.23%
- • Asset Turnover: 0.32x
- • Equity Multiplier: 2.83x
- Recent ROE (2.96%) is above the historical average (-4.90%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2017 | -4.12% | -21.47% | 0.15x | 1.27x | Nkr-48.05 Million |
| 2018 | -12.06% | -629.54% | 0.01x | 1.97x | Nkr-6.74 Million |
| 2019 | -19.13% | -29.53% | 0.20x | 3.29x | Nkr-7.47 Million |
| 2020 | -8.04% | -10.25% | 0.33x | 2.38x | Nkr-86.38 Million |
| 2021 | 15.64% | 25.60% | 0.42x | 1.47x | Nkr55.01 Million |
| 2022 | 0.56% | 10.50% | 0.03x | 2.00x | Nkr-97.85 Million |
| 2023 | -15.02% | -14.48% | 0.39x | 2.63x | Nkr-21.45 Million |
| 2024 | 2.96% | 3.23% | 0.32x | 2.83x | Nkr-6.22 Million |
Industry Comparison
This section compares Arctic Fish Holding AS's net assets metrics with peer companies in the Farm Products industry.
Industry Context
- Industry: Farm Products
- Average net assets among peers: $704,290,438
- Average return on equity (ROE) among peers: -8.91%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Arctic Fish Holding AS (AFISH) | Nkr63.99 Million | -4.12% | 2.85x | $29.36 Million |
| Andfjord Salmon AS (ANDF) | $323.27 Million | -10.64% | 0.49x | $10.64 Million |
| Barramundi Group Ltd (BARRA) | $22.83 Million | -134.45% | 2.17x | $6.80 Million |
| Biofish Holding AS (BFISH) | $20.97 Million | 32.50% | 5.77x | $5.15 Million |
| Gigante Salmon AS (GIGA) | $481.51 Million | 0.15% | 0.37x | $20.70 Million |
| Ice Fish Farm AS (IFISH) | $3.36 Billion | 2.00% | 0.50x | $3.01 Million |
| Icelandic Salmon As (ISLAX) | $126.28 Million | 1.87% | 0.35x | $70.73 Million |
| Kingfish Company Nv (KING) | $10.38 Million | -2.85% | 1.01x | $14.08 Million |
| Masoval AS (MAS) | $1.99 Billion | 31.22% | 1.51x | $60.94 Million |
| Norcod As (NCOD) | $30.00K | 0.00% | 0.00x | $13.16 Million |