Icelandic Salmon As
Icelandic Salmon AS, together with its subsidiaries, engages in production, processing, and sale of salmon and salmon-based products in Europe, North America, and Asia. It is involved in the salmon farming activities. The company was formerly known as Arnarlax AS and changed its name to Icelandic Salmon AS in October 2020. Icelandic Salmon AS was founded in 2001 and is headquartered in Kverva, No… Read more
Icelandic Salmon As (ISLAX) - Net Assets
Latest net assets as of June 2025: Nkr125.33 Million NOK
Based on the latest financial reports, Icelandic Salmon As (ISLAX) has net assets worth Nkr125.33 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 (Nkr264.42 Million) and total liabilities (Nkr139.10 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 | Nkr125.33 Million |
| % of Total Assets | 47.4% |
| Annual Growth Rate | 13.43% |
| 5-Year Change | 38.42% |
| 10-Year Change | N/A |
| Growth Volatility | 20.14 |
Icelandic Salmon As - Net Assets Trend (2016–2024)
This chart illustrates how Icelandic Salmon 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 Icelandic Salmon As (2016–2024)
The table below shows the annual net assets of Icelandic Salmon As from 2016 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | Nkr149.74 Million | -2.06% |
| 2023-12-31 | Nkr152.88 Million | +6.01% |
| 2022-12-31 | Nkr144.22 Million | +14.21% |
| 2021-12-31 | Nkr126.28 Million | +16.73% |
| 2020-12-31 | Nkr108.18 Million | +63.72% |
| 2019-12-31 | Nkr66.08 Million | +2.53% |
| 2018-12-31 | Nkr64.44 Million | +20.94% |
| 2017-12-31 | Nkr53.28 Million | -2.48% |
| 2016-12-31 | Nkr54.64 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Icelandic Salmon 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 2292808000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | Nkr20.57 Million | 13.74% |
| Common Stock | Nkr29.57 Million | 19.75% |
| Other Components | Nkr99.60 Million | 66.51% |
| Total Equity | Nkr149.74 Million | 100.00% |
Icelandic Salmon As Competitors by Market Cap
The table below lists competitors of Icelandic Salmon As ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Westbury Bancorp Inc
PINK:WBBW
|
$70.80 Million |
|
Princeton Technology Corporation
TWO:6129
|
$70.82 Million |
|
ADF Group Inc
PINK:ADFJF
|
$70.84 Million |
|
Petrovietnam Low Pressure Gas Distribution JSC
VN:PGD
|
$70.84 Million |
|
Lakeshore Acquisition III Corp. Ordinary Shares
NASDAQ:LCCC
|
$70.73 Million |
|
Fifth District Bancorp, Inc. Common Stock
NASDAQ:FDSB
|
$70.71 Million |
|
Austriacard Holdings AG
F:ACQ0
|
$70.70 Million |
|
SHEPHERD NEAME P. CONS.
F:43Y
|
$70.70 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Icelandic Salmon As's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 152,884,000 to 149,738,000, a change of -3,146,000 (-2.1%).
- Net loss of 3,088,000 reduced equity.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | Nkr-3.09 Million | -2.06% |
| Other Changes | Nkr-58.00K | -0.04% |
| Total Change | Nkr- | -2.06% |
Book Value vs Market Value Analysis
This analysis compares Icelandic Salmon 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: 13.11x
- 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 30.88x to 13.11x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2016-12-31 | Nkr2.05 | Nkr63.40 | x |
| 2017-12-31 | Nkr2.00 | Nkr63.40 | x |
| 2018-12-31 | Nkr2.08 | Nkr63.40 | x |
| 2019-12-31 | Nkr2.13 | Nkr63.40 | x |
| 2020-12-31 | Nkr3.49 | Nkr63.40 | x |
| 2021-12-31 | Nkr3.53 | Nkr63.40 | x |
| 2022-12-31 | Nkr4.66 | Nkr63.40 | x |
| 2023-12-31 | Nkr4.94 | Nkr63.40 | x |
| 2024-12-31 | Nkr4.84 | Nkr63.40 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Icelandic Salmon 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): -2.06%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -3.04%
- • Asset Turnover: 0.39x
- • Equity Multiplier: 1.76x
- Recent ROE (-2.06%) is below the historical average (1.58%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2016 | -1.16% | -2.38% | 0.25x | 1.92x | Nkr-6.10 Million |
| 2017 | -1.10% | -0.88% | 0.59x | 2.13x | Nkr-5.92 Million |
| 2018 | -14.02% | -21.50% | 0.37x | 1.78x | Nkr-15.48 Million |
| 2019 | 2.38% | 2.36% | 0.52x | 1.95x | Nkr-5.03 Million |
| 2020 | -1.80% | -3.16% | 0.43x | 1.33x | Nkr-12.77 Million |
| 2021 | 2.17% | 2.61% | 0.53x | 1.56x | Nkr-8.56 Million |
| 2022 | 24.21% | 22.16% | 0.67x | 1.63x | Nkr20.50 Million |
| 2023 | 5.60% | 5.20% | 0.69x | 1.56x | Nkr-6.72 Million |
| 2024 | -2.06% | -3.04% | 0.39x | 1.76x | Nkr-18.06 Million |
Industry Comparison
This section compares Icelandic Salmon As's net assets metrics with peer companies in the Farm Products industry.
Industry Context
- Industry: Farm Products
- Average net assets among peers: $728,081,570
- Average return on equity (ROE) among peers: -9.58%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Icelandic Salmon As (ISLAX) | Nkr125.33 Million | -1.16% | 1.11x | $70.73 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 |
| Ice Fish Farm AS (IFISH) | $3.36 Billion | 2.00% | 0.50x | $3.01 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 |