Ice Fish Farm AS (IFISH) - Net Assets
Based on the latest financial reports, Ice Fish Farm AS (IFISH) has net assets worth Nkr289.32 Million NOK (≈ $30.45 Million USD) 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 ≈ $55.74 Million USD) and total liabilities (Nkr240.34 Million ≈ $25.29 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. Check how strategically is Ice Fish Farm AS's equity deployed to assess the company's strategic physical and investment asset allocation.
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. For live market cap and overall valuation, see IFISH stock market capitalisation.
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. Also explore Ice Fish Farm AS (IFISH) equity growth momentum to track the company's year-over-year net asset growth rate.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | Nkr270.46 Million ≈ $28.46 Million |
-91.96% |
| 2023-12-31 | Nkr3.36 Billion ≈ $354.03 Million |
+47.47% |
| 2022-12-31 | Nkr2.28 Billion ≈ $240.07 Million |
+103.45% |
| 2021-12-31 | Nkr1.12 Billion ≈ $118.00 Million |
+4.88% |
| 2020-12-31 | Nkr1.07 Billion ≈ $112.51 Million |
+380.00% |
| 2019-12-31 | Nkr222.74 Million ≈ $23.44 Million |
-69.00% |
| 2018-12-31 | Nkr718.43 Million ≈ $75.60 Million |
+378.54% |
| 2017-12-31 | Nkr150.13 Million ≈ $15.80 Million |
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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 |
|---|---|
|
Kaulin Mfg
TW:1531
|
$66.27 Million |
|
Deneb Investments Ltd
JSE:DNB
|
$66.30 Million |
|
Endurance Gold Corp
V:EDG
|
$66.32 Million |
|
Allcargo Terminals Ltd
NSE:ATL
|
$66.32 Million |
|
Champions Oncology Inc
NASDAQ:CSBR
|
$66.24 Million |
|
Tsann Kuen Enterprise Co Ltd
TW:2430
|
$66.24 Million |
|
Metro Systems Corporation Public Company Limited
BK:MSC
|
$66.20 Million |
|
Chang Ho Fibre Corp
TW:1468
|
$66.20 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: 2.35x
- 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 1.89x to 2.35x 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 | Nkr5.15 | x |
| 2018-12-31 | Nkr13.25 | Nkr5.15 | x |
| 2019-12-31 | Nkr4.09 | Nkr5.15 | x |
| 2020-12-31 | Nkr17.62 | Nkr5.15 | x |
| 2021-12-31 | Nkr20.68 | Nkr5.15 | x |
| 2022-12-31 | Nkr29.79 | Nkr5.15 | x |
| 2023-12-31 | Nkr29.29 | Nkr5.15 | x |
| 2024-12-31 | Nkr2.19 | Nkr5.15 | 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: $4,216,915,488
- Average return on equity (ROE) among peers: -16.57%
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 | $66.26 Million |
| Andfjord Salmon AS (ANDF) | $5.05 Million | -41.14% | 0.27x | $280.78 Million |
| Atlantic Sapphire As (ASA) | $283.14 Million | -47.24% | 0.21x | $2.83 Million |
| Austevoll Seafood ASA (AUSS) | $28.16 Billion | 15.22% | 0.71x | $1.77 Billion |
| P/f Bakkafrost (BAKKA) | $4.08 Billion | 23.55% | 0.42x | $2.69 Billion |
| Barramundi Group Ltd (BARRA) | $9.11 Million | -138.30% | 2.88x | $10.15 Million |
| Biofish Holding AS (BFISH) | $194.63 Million | -9.16% | 0.33x | $20.74 Million |
| Clean Seas Seafood Ltd. (CSS) | $47.79 Million | 23.32% | 0.05x | $19.84 Million |
| Gigante Salmon AS (GIGA) | $715.76 Million | -0.29% | 0.70x | $88.31 Million |
| Grieg Seafood ASA (GSF) | $4.46 Billion | 24.90% | 0.95x | $307.33 Million |
About 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.