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Ice Group

DB:AI6
Snowflake Description

Exceptional growth potential and slightly overvalued.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
AI6
DB
NOK4B
Market Cap
  1. Home
  2. DE
  3. Telecom
Company description

Ice Group ASA provides telecommunications services in Norway, Sweden, and Denmark. The last earnings update was 4 days ago. More info.


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AI6 Share Price and Events
7 Day Returns
0.5%
DB:AI6
-3%
Europe Wireless Telecom
0%
DE Market
1 Year Returns
-
DB:AI6
1.1%
Europe Wireless Telecom
9.9%
DE Market
AI6 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Ice Group (AI6) 0.5% -3.3% -16% - - -
Europe Wireless Telecom -3% -3.3% 2.2% 1.1% -14.3% -26.2%
DE Market 0% 4.6% 12.1% 9.9% 14.6% 18.2%
1 Year Return vs Industry and Market
  • No trading data on AI6.
  • No trading data on AI6.
Price Volatility
AI6
Industry
5yr Volatility vs Market
Related Companies

Sorry, no analysis for Ice Group's competitors could be found in our database.

AI6 Value

 Is Ice Group undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Ice Group to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Ice Group.

DB:AI6 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 2 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 5%
Perpetual Growth Rate 10-Year DE Government Bond Rate 0.2%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for DB:AI6
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate 0.2%
Equity Risk Premium S&P Global 6%
Wireless Telecom Unlevered Beta Simply Wall St/ S&P Global 0.34
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.337 (1 + (1- 23%) (119.72%))
0.763
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.8
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.23% + (0.8 * 5.96%)
5%

Discounted Cash Flow Calculation for DB:AI6 using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Ice Group is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

Note: Free cash flow to equity valuations ignore the company's cash or debt.

DB:AI6 DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (NOK, Millions) Source Present Value
Discounted (@ 5%)
2020 -920.00 Analyst x1 -876.22
2021 -722.00 Analyst x1 -654.93
2022 291.00 Analyst x1 251.41
2023 562.00 Analyst x1 462.43
2024 792.49 Est @ 41.01% 621.06
2025 1,020.55 Est @ 28.78% 761.72
2026 1,226.83 Est @ 20.21% 872.12
2027 1,401.25 Est @ 14.22% 948.71
2028 1,541.66 Est @ 10.02% 994.11
2029 1,650.85 Est @ 7.08% 1,013.87
Present value of next 10 years cash flows NOK4,394.00
DB:AI6 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= NOK1,650.85 × (1 + 0.23%) ÷ (5% – 0.23%)
NOK34,702.55
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= NOK34,702.55 ÷ (1 + 5%)10
NOK21,312.47
DB:AI6 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= NOK4,394.00 + NOK21,312.47
NOK25,706.47
Equity Value per Share
(NOK)
= Total value / Shares Outstanding
= NOK25,706.47 / 201.69
NOK127.45
DB:AI6 Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:AI6 represents 0.09762x of OB:ICE
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.09762x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (NOK) x Listing Adjustment Factor
= NOK 127.45 x 0.09762
€12.44
Value per share (EUR) From above. €12.44
Current discount Discount to share price of €2.05
= -1 x (€2.05 - €12.44) / €12.44
83.5%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Ice Group is available for.
Intrinsic value
>50%
Share price is €2.05 vs Future cash flow value of €12.44
Current Discount Checks
For Ice Group to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Ice Group's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Ice Group's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Ice Group's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Ice Group's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:AI6 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-09-30) in NOK NOK-6.55
OB:ICE Share Price ** OB (2019-11-18) in NOK NOK21
Europe Wireless Telecom Industry PE Ratio Median Figure of 7 Publicly-Listed Wireless Telecom Companies 22.75x
Germany Market PE Ratio Median Figure of 401 Publicly-Listed Companies 20.03x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Ice Group.

DB:AI6 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= OB:ICE Share Price ÷ EPS (both in NOK)

= 21 ÷ -6.55

-3.2x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Ice Group is loss making, we can't compare its value to the Europe Wireless Telecom industry average.
  • Ice Group is loss making, we can't compare the value of its earnings to the Germany market.
Price based on expected Growth
Does Ice Group's expected growth come at a high price?
Raw Data
DB:AI6 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -3.2x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts
60%per year
Europe Wireless Telecom Industry PEG Ratio Median Figure of 5 Publicly-Listed Wireless Telecom Companies 2.38x
Germany Market PEG Ratio Median Figure of 256 Publicly-Listed Companies 1.38x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Ice Group, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Ice Group's assets?
Raw Data
DB:AI6 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-09-30) in NOK NOK-3.15
OB:ICE Share Price * OB (2019-11-18) in NOK NOK21
Europe Wireless Telecom Industry PB Ratio Median Figure of 9 Publicly-Listed Wireless Telecom Companies 1.82x
Germany Market PB Ratio Median Figure of 577 Publicly-Listed Companies 1.84x
DB:AI6 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= OB:ICE Share Price ÷ Book Value per Share (both in NOK)

= 21 ÷ -3.15

-6.67x

* Primary Listing of Ice Group.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Ice Group has negative assets, we can't compare the value of its assets to the Europe Wireless Telecom industry average.
X
Value checks
We assess Ice Group's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Wireless Telecom industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Wireless Telecom industry average (and greater than 0)? (1 check)
  5. Ice Group has a total score of 2/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

AI6 Future Performance

 How is Ice Group expected to perform in the next 1 to 3 years based on estimates from 2 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
60%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Ice Group expected to grow at an attractive rate?
  • Ice Group's earnings growth is expected to exceed the low risk savings rate of 0.2%.
Growth vs Market Checks
  • Ice Group's earnings growth is expected to exceed the Germany market average.
  • Ice Group's revenue growth is expected to exceed the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:AI6 Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:AI6 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts 60%
DB:AI6 Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 2 Analysts 22.8%
Europe Wireless Telecom Industry Earnings Growth Rate Market Cap Weighted Average 15.8%
Europe Wireless Telecom Industry Revenue Growth Rate Market Cap Weighted Average 1.5%
Germany Market Earnings Growth Rate Market Cap Weighted Average 12.5%
Germany Market Revenue Growth Rate Market Cap Weighted Average 4.8%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
DB:AI6 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below
All numbers in NOK Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:AI6 Future Estimates Data
Date (Data in NOK Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-12-31 4,458 1,600 477 2
2022-12-31 3,802 1,154 22 2
2021-12-31 3,062 566 -350 2
2020-12-31 2,391 252 -792 2
2019-12-31 1,840 -439 -1,178 1
2019-11-18
DB:AI6 Past Financials Data
Date (Data in NOK Millions) Revenue Cash Flow Net Income *
2019-09-30 1,748 -486 -1,203
2019-06-30 1,706 -360 -1,079
2019-03-31 1,690 -405 -905
2018-12-31 1,660 -389 -949
2018-09-30 1,605 -268 -869
2017-12-31 1,322 -593 -899
2016-12-31 -1 -401

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Ice Group's earnings are expected to grow significantly at over 20% yearly.
  • Ice Group's revenue is expected to grow significantly at over 20% yearly.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
DB:AI6 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below

All data from Ice Group Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:AI6 Future Estimates Data
Date (Data in NOK Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-12-31 1.95 1.95 1.95 1.00
2022-12-31 0.09 0.09 0.09 1.00
2021-12-31 -1.29 -0.70 -1.87 2.00
2020-12-31 -3.11 -2.20 -4.02 2.00
2019-12-31 -7.19 -7.19 -7.19 1.00
2019-11-18
DB:AI6 Past Financials Data
Date (Data in NOK Millions) EPS *
2019-09-30 -6.55
2019-06-30 -6.67
2019-03-31 -6.74
2018-12-31 -8.16
2018-09-30 -8.16
2017-12-31 -8.82
2016-12-31 -9.36

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Ice Group is expected to make outstanding use of shareholders’ funds in the future (Return on Equity greater than 40%).
X
Future performance checks
We assess Ice Group's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Europe market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Europe market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Ice Group has a total score of 6/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

AI6 Past Performance

  How has Ice Group performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Ice Group's growth in the last year to its industry (Wireless Telecom).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Ice Group does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
  • Unable to compare Ice Group's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Ice Group's 1-year growth to the Europe Wireless Telecom industry average as it is not currently profitable.
Earnings and Revenue History
Ice Group's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Ice Group Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:AI6 Past Revenue, Cash Flow and Net Income Data
Date (Data in NOK Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-09-30 1,748.02 -1,202.93 744.88
2019-06-30 1,706.02 -1,078.93 745.88
2019-03-31 1,690.02 -904.93 722.88
2018-12-31 1,660.02 -948.93 710.88
2018-09-30 1,605.21 -868.55 527.36
2017-12-31 1,321.84 -899.12 570.08
2016-12-31 -400.76
2015-12-31 -16.65 1.00

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • It is difficult to establish if Ice Group has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) due to its liabilities exceeding its assets.
  • It is difficult to establish if Ice Group has efficiently used its assets last year compared to the Europe Wireless Telecom industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if Ice Group improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess Ice Group's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Wireless Telecom industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Ice Group has a total score of 0/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

AI6 Health

 How is Ice Group's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Ice Group's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Ice Group is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Ice Group's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Ice Group's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Ice Group has negative shareholder equity (liabilities exceed assets) therefore debt is not covered by short term assets.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Ice Group Company Filings, last reported 1 month ago.

DB:AI6 Past Debt and Equity Data
Date (Data in NOK Millions) Total Equity Total Debt Cash & Short Term Investments
2019-09-30 -634.00 3,788.00 902.00
2019-06-30 -314.00 3,604.00 1,164.00
2019-03-31 -29.00 3,654.00 1,496.00
2018-12-31 -992.50 3,670.90 275.30
2018-09-30 -601.07 3,565.68 581.90
2017-12-31 1,357.97 3,228.00 896.49
2016-12-31 1,777.27 315.33 3.88
2015-12-31 1,006.49 301.01 4.67
  • Ice Group has negative shareholder equity (liabilities exceed assets), this is a more serious situation compared with a high debt level.
  • Irrelevant to check if Ice Group's debt level has increased considering it has negative shareholder equity.
CASH RUNWAY ANALYSIS

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

  • Ice Group has less than a year of cash runway based on current free cash flow.
  • Ice Group has less than a year of cash runway if free cash flow continues to grow at historical rates of 34.9% each year.
X
Financial health checks
We assess Ice Group's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Ice Group has a total score of 1/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

AI6 Dividends

 What is Ice Group's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from Ice Group dividends. Estimated to be 0% next year.
If you bought €2,000 of Ice Group shares you are expected to receive €0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate Ice Group's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Ice Group's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
DB:AI6 Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below
Europe Wireless Telecom Industry Average Dividend Yield Market Cap Weighted Average of 7 Stocks 4.9%
Germany Market Average Dividend Yield Market Cap Weighted Average of 334 Stocks 2.9%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.7%
Germany Bottom 25% Dividend Yield 25th Percentile 1.3%
Germany Top 25% Dividend Yield 75th Percentile 3.7%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

DB:AI6 Future Dividends Estimate Data
Date (Data in NOK) Dividend per Share (annual) Avg. No. Analysts
2023-12-31
2022-12-31 0.00 1.00
2021-12-31 0.00 1.00
2020-12-31 0.00 1.00
2019-12-31 0.00 1.00
2019-11-18

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as Ice Group has not reported any payouts.
  • Unable to verify if Ice Group's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Ice Group's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Ice Group has not reported any payouts.
Future Payout to shareholders
  • No need to calculate the sustainability of Ice Group's dividends in 3 years as they are not expected to pay a notable one for Germany.
X
Income/ dividend checks
We assess Ice Group's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.7%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Ice Group afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Ice Group has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

AI6 Management

 What is the CEO of Ice Group's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Eivind Helgaker
TENURE AS CEO 1.3 years
CEO Bio

Mr. Eivind Helgaker has been the Chief Executive Officer of Ice Group AS & ice group Scandinavia Holdings AS since August 2018 and is Head of Norwegian Business since 2009. Mr. Helgaker served as Managing Director of Norway at ice group Scandinavia Holdings.

CEO Compensation
  • Insufficient data for Eivind to compare compensation growth.
  • Insufficient data for Eivind to establish whether their remuneration is reasonable compared to companies of similar size in Germany.
Management Team

Eivind Helgaker

TITLE
CEO & Head of Norwegian Business
TENURE
1.3 yrs

Henning Karlsrud

TITLE
Chief Financial Officer
TENURE
1.8 yrs
Board of Directors Tenure

Average tenure and age of the Ice Group board of directors in years:

1.1
Average Tenure
56.5
Average Age
  • The average tenure for the Ice Group board of directors is less than 3 years, this suggests a new board.
Board of Directors

Hans Albrecht

TITLE
Chairman of the Board
AGE
56
TENURE
1.3 yrs

Ingvild Myhre

TITLE
Director
AGE
62
TENURE
1.3 yrs

Guillaume D'hauteville

TITLE
Director
AGE
56
TENURE
1 yrs

Mari Thjømøe

TITLE
Director
AGE
57
TENURE
1 yrs
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by Ice Group individual insiders in the past 3 months, but not in substantial volumes.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
06. Sep 19 Buy KKT Holding AS Company 06. Sep 19 06. Sep 19 5,500 €2.32 €12,773
06. Sep 19 Sell Kjetil Totland Individual 06. Sep 19 06. Sep 19 -5,500 €2.32 €-12,773
03. Sep 19 Buy Mari Thjømøe Individual 03. Sep 19 03. Sep 19 5,000 €2.30 €11,514
02. Sep 19 Buy Mari Thjømøe Individual 02. Sep 19 02. Sep 19 5,000 €2.30 €11,524
28. Aug 19 Buy Eivhelg AS Company 28. Aug 19 28. Aug 19 147,976 €2.13 €314,972
28. Aug 19 Buy Eivind Helgaker Individual 28. Aug 19 28. Aug 19 4,500 €2.13 €9,578
X
Management checks
We assess Ice Group's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Ice Group has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

AI6 News

Simply Wall St News

AI6 Company Info

Description

Ice Group ASA provides telecommunications services in Norway, Sweden, and Denmark. It offers data, voice, messaging, data and mobile broadband telephony, and other related services. Ice Group ASA provides its services primarily under the ice and Net1 brands. The company was formerly known as AINMT AS and changed its name to Ice Group ASA in August 2017. Ice Group AS was founded in 2015 and is based in Oslo, Norway.

Details
Name: Ice Group ASA
AI6
Exchange: DB
Founded: 2015
NOK419,628,311
201,694,061
Website: http://www.icegroup.com
Address: Ice Group ASA
Oestensjoeveien 32,
Oslo,
Oslo, 0067,
Norway
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
OB ICE Share Capital Oslo Bors NO NOK 30. Apr 2015
DB AI6 Share Capital Deutsche Boerse AG DE EUR 30. Apr 2015
Number of employees
Current staff
Staff numbers
215
Ice Group employees.
Industry
Wireless Telecommunication Services
Telecom
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/11/18 22:35
End of day share price update: 2019/11/18 00:00
Last estimates confirmation: 2019/11/15
Last earnings filing: 2019/11/14
Last earnings reported: 2019/09/30
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.