Ice Fish Farm AS
Ice Fish Farm AS engages in the salmon farming business in Iceland. It also operates smolt stations. The company was incorporated in 2020 and is headquartered in Seltjarnarnes, Iceland. Ice Fish Farm AS is a subsidiary of Måsøval Eiendom AS.
Ice Fish Farm AS (IFISH) - Net Assets
Latest net assets as of September 2025: Nkr289.32 Million NOK
Based on the latest financial reports, Ice Fish Farm AS (IFISH) has net assets worth Nkr289.32 Million NOK as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (Nkr529.66 Million) and total liabilities (Nkr240.34 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 | Nkr289.32 Million |
| % of Total Assets | 54.62% |
| Annual Growth Rate | 8.77% |
| 5-Year Change | -74.7% |
| 10-Year Change | N/A |
| Growth Volatility | 182.37 |
Ice Fish Farm AS - Net Assets Trend (2017–2024)
This chart illustrates how Ice Fish Farm 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 Ice Fish Farm AS (2017–2024)
The table below shows the annual net assets of Ice Fish Farm AS from 2017 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | Nkr270.46 Million | -91.96% |
| 2023-12-31 | Nkr3.36 Billion | +47.47% |
| 2022-12-31 | Nkr2.28 Billion | +103.45% |
| 2021-12-31 | Nkr1.12 Billion | +4.88% |
| 2020-12-31 | Nkr1.07 Billion | +380.00% |
| 2019-12-31 | Nkr222.74 Million | -69.00% |
| 2018-12-31 | Nkr718.43 Million | +378.54% |
| 2017-12-31 | Nkr150.13 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Ice Fish Farm 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 2430281134.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | Nkr1.09 Million | 0.41% |
| Other Components | Nkr266.67 Million | 99.59% |
| Total Equity | Nkr267.76 Million | 100.00% |
Ice Fish Farm AS Competitors by Market Cap
The table below lists competitors of Ice Fish Farm AS ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
AGATOS S.P.A.
F:5JS1
|
$3.01 Million |
|
One World Lithium Inc
OTCQB:OWRDF
|
$3.01 Million |
|
Polyram Plastic Industries Ltd
TA:POLP
|
$3.01 Million |
|
COFLE S.P.A.
F:Y9A
|
$3.01 Million |
|
Flying Nickel Mining Corp
OTCQB:FLYNF
|
$3.01 Million |
|
Vizsla Copper Corp
PINK:VCUFF
|
$3.00 Million |
|
River City Bank
PINK:RCBC
|
$3.00 Million |
|
GANGLONG CHINA PR.GR.LTD
F:52J
|
$3.00 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Ice Fish Farm AS's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 3,353,715,000 to 267,761,000, a change of -3,085,954,000 (-92.0%).
- Net loss of 30,610,000 reduced equity.
- Other factors decreased equity by 3,055,344,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | Nkr-30.61 Million | -11.43% |
| Other Changes | Nkr-3.06 Billion | -1141.07% |
| Total Change | Nkr- | -92.02% |
Book Value vs Market Value Analysis
This analysis compares Ice Fish Farm 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: 1.97x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has increased from 1.59x to 1.97x 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 | Nkr2.72 | Nkr4.32 | x |
| 2018-12-31 | Nkr13.25 | Nkr4.32 | x |
| 2019-12-31 | Nkr4.09 | Nkr4.32 | x |
| 2020-12-31 | Nkr17.62 | Nkr4.32 | x |
| 2021-12-31 | Nkr20.68 | Nkr4.32 | x |
| 2022-12-31 | Nkr29.79 | Nkr4.32 | x |
| 2023-12-31 | Nkr29.29 | Nkr4.32 | x |
| 2024-12-31 | Nkr2.19 | Nkr4.32 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Ice Fish Farm 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): -11.43%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -29.96%
- • Asset Turnover: 0.21x
- • Equity Multiplier: 1.80x
- Recent ROE (-11.43%) is below the historical average (-3.41%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2017 | -25.52% | -35.29% | 0.31x | 2.31x | Nkr-52.21 Million |
| 2018 | 0.14% | 0.51% | 0.19x | 1.46x | Nkr-70.53 Million |
| 2019 | 2.37% | 1.79% | 0.53x | 2.50x | Nkr-16.92 Million |
| 2020 | 3.59% | 13.56% | 0.19x | 1.37x | Nkr-68.48 Million |
| 2021 | 1.78% | 6.18% | 0.19x | 1.53x | Nkr-92.18 Million |
| 2022 | -0.25% | -0.85% | 0.18x | 1.62x | Nkr-232.65 Million |
| 2023 | 2.01% | 19.18% | 0.07x | 1.51x | Nkr-267.98 Million |
| 2024 | -11.43% | -29.96% | 0.21x | 1.80x | Nkr-57.39 Million |
Industry Comparison
This section compares Ice Fish Farm AS's net assets metrics with peer companies in the Farm Products industry.
Industry Context
- Industry: Farm Products
- Average net assets among peers: $368,293,681
- Average return on equity (ROE) among peers: -9.59%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Ice Fish Farm AS (IFISH) | Nkr289.32 Million | -25.52% | 0.83x | $3.01 Million |
| Arctic Fish Holding AS (AFISH) | $340.40 Million | -4.12% | 0.27x | $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 |
| 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 |