Icelandic Salmon As (ISLAX) - Net Assets
Based on the latest financial reports, Icelandic Salmon As (ISLAX) has net assets worth Nkr125.00 Million NOK (≈ $13.15 Million USD) as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (Nkr278.36 Million ≈ $29.29 Million USD) and total liabilities (Nkr153.36 Million ≈ $16.14 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. Also explore total assets of Icelandic Salmon As for the complete picture of this company's asset base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | Nkr125.00 Million |
| % of Total Assets | 44.91% |
| Annual Growth Rate | 9.63% |
| 5-Year Change | -1.01% |
| 10-Year Change | N/A |
| Growth Volatility | 21.41 |
Icelandic Salmon As - Net Assets Trend (2016–2025)
This chart illustrates how Icelandic Salmon As's net assets have evolved over time, based on quarterly financial data. Check tangible net worth ratio of Icelandic Salmon As to evaluate the tangible quality of the company's equity base.
Annual Net Assets for Icelandic Salmon As (2016–2025)
The table below shows the annual net assets of Icelandic Salmon As from 2016 to 2025. For live valuation and market cap data, see Icelandic Salmon As market cap and net worth.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | Nkr125.00 Million ≈ $13.15 Million |
-16.52% |
| 2024-12-31 | Nkr149.74 Million ≈ $15.76 Million |
-2.06% |
| 2023-12-31 | Nkr152.88 Million ≈ $16.09 Million |
+6.01% |
| 2022-12-31 | Nkr144.22 Million ≈ $15.18 Million |
+14.21% |
| 2021-12-31 | Nkr126.28 Million ≈ $13.29 Million |
+16.73% |
| 2020-12-31 | Nkr108.18 Million ≈ $11.38 Million |
+63.72% |
| 2019-12-31 | Nkr66.08 Million ≈ $6.95 Million |
+2.53% |
| 2018-12-31 | Nkr64.44 Million ≈ $6.78 Million |
+20.94% |
| 2017-12-31 | Nkr53.28 Million ≈ $5.61 Million |
-2.48% |
| 2016-12-31 | Nkr54.64 Million ≈ $5.75 Million |
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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 decreased by 61892000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | Nkr127.98 Million | 102.38% |
| Total Equity | Nkr125.00 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 |
|---|---|
|
Adairs Ltd
AU:ADH
|
$185.78 Million |
|
TBI Motion Technology Co Ltd
TW:4540
|
$185.81 Million |
|
WEST RED LAKE GOLD MINES
F:UJ0
|
$185.83 Million |
|
Lotte Chemical Titan Holding BHD
KLSE:5284
|
$185.84 Million |
|
Owens & Minor Inc
NYSE:OMI
|
$185.63 Million |
|
Modiv Inc
NYSE:MDV
|
$185.52 Million |
|
Bien Yapi Urunleri Sanayi Turizm ve Ticaret A.S.
IS:BIENY
|
$185.48 Million |
|
Quanterix Corp
NASDAQ:QTRX
|
$185.44 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 2024 to 2025, total equity changed from 149,738,000 to 125,000,000, a change of -24,738,000 (-16.5%).
- Net loss of 24,813,000 reduced equity.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | Nkr-24.81 Million | -19.85% |
| Other Changes | Nkr75.00K | +0.06% |
| Total Change | Nkr- | -16.52% |
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: 14.12x
- 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 27.76x to 14.12x 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 | Nkr57.00 | x |
| 2017-12-31 | Nkr2.00 | Nkr57.00 | x |
| 2018-12-31 | Nkr2.08 | Nkr57.00 | x |
| 2019-12-31 | Nkr2.13 | Nkr57.00 | x |
| 2020-12-31 | Nkr3.49 | Nkr57.00 | x |
| 2021-12-31 | Nkr3.53 | Nkr57.00 | x |
| 2022-12-31 | Nkr4.66 | Nkr57.00 | x |
| 2023-12-31 | Nkr4.94 | Nkr57.00 | x |
| 2024-12-31 | Nkr4.84 | Nkr57.00 | x |
| 2025-12-31 | Nkr4.04 | Nkr57.00 | 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): -19.85%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -27.58%
- • Asset Turnover: 0.32x
- • Equity Multiplier: 2.23x
- Recent ROE (-19.85%) is below the historical average (-0.56%), 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 |
| 2025 | -19.85% | -27.58% | 0.32x | 2.23x | Nkr-37.31 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: $1,637,801,590
- Average return on equity (ROE) among peers: -10.71%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Icelandic Salmon As (ISLAX) | Nkr125.00 Million | -1.16% | 1.23x | $185.71 Million |
| Andfjord Salmon AS (ANDF) | $1.25 Billion | -5.41% | 0.91x | $291.85 Million |
| Atlantic Sapphire As (ASA) | $81.31 Million | -8.12% | 0.12x | $3.58 Million |
| Austevoll Seafood ASA (AUSS) | $9.42 Billion | 4.52% | 1.01x | $1.76 Billion |
| P/f Bakkafrost (BAKKA) | $902.29 Million | 28.78% | 0.31x | $2.74 Billion |
| Barramundi Group Ltd (BARRA) | $51.53 Million | -49.43% | 0.92x | $12.09 Million |
| Biofish Holding AS (BFISH) | $194.63 Million | -9.16% | 0.33x | $20.74 Million |
| Clean Seas Seafood Ltd. (CSS) | $71.77 Million | 4.71% | 0.14x | $19.84 Million |
| Gigante Salmon AS (GIGA) | $279.70 Million | 2.00% | 0.14x | $124.35 Million |
| Grieg Seafood ASA (GSF) | $3.85 Billion | -63.63% | 2.39x | $353.16 Million |
| Ice Fish Farm AS (IFISH) | $270.46 Million | -11.32% | 0.78x | $66.26 Million |
About 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 founded in 2001 and is headquartered in Kverva, Norway. Icelandic Salmon AS operates as a subsidiary of SalMar ASA.