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Arcus

BATS-CHIXE:ARCUSO
Snowflake Description

Excellent balance sheet and slightly overvalued.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
ARCUSO
BATS-CHIXE
NOK2B
Market Cap
  1. Home
  2. GB
  3. Food, Beverage & Tobacco
Company description

Arcus ASA, together with its subsidiaries, imports, produces, markets, sells, and distributes wine and spirits. The last earnings update was 54 days ago. More info.


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ARCUSO Share Price and Events
7 Day Returns
-1.1%
BATS-CHIXE:ARCUSO
-0.1%
GB Beverage
0.1%
GB Market
1 Year Returns
-22.5%
BATS-CHIXE:ARCUSO
-21.6%
GB Beverage
-23.6%
GB Market
ARCUSO Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Arcus (ARCUSO) -1.1% -12% -14% -22.5% -37.2% -
GB Beverage -0.1% -9.9% -21.9% -21.6% 6.5% 30.4%
GB Market 0.1% -15.5% -27% -23.6% -24.3% -23.5%
1 Year Return vs Industry and Market
  • ARCUSO matched the Beverage industry (-21.6%) over the past year.
  • ARCUSO outperformed the Market in United Kingdom of Great Britain and Northern Ireland which returned -23.6% over the past year.
Price Volatility
ARCUSO
Industry
5yr Volatility vs Market
Related Companies

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

Value

 Is Arcus 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 Arcus 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 Arcus.

BATS-CHIXE:ARCUSO Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Dividend Discount Model
Dividend Per Share Company Filings (2019-12-31) in NOK NOK 1.660000
Payout Ratio Company Filings (2019-12-31) 7103.1%
Discount Rate (Cost of Equity) See below 4.9%
Perpetual Growth Rate 10-Year GB Government Bond Rate 0.5%

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 BATS-CHIXE:ARCUSO
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year GB Govt Bond Rate 0.5%
Equity Risk Premium S&P Global 5.4%
Beverage Unlevered Beta Simply Wall St/ S&P Global 0.56
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.562 (1 + (1- 23%) (95.29%))
0.652
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)
= 0.53% + (0.8 * 5.44%)
4.88%

Discounted Cash Flow Calculation for BATS-CHIXE:ARCUSO using Dividend Discount Model Model

The calculations below outline how an intrinsic value for Arcus is arrived at by discounting future dividends to their present value. This approach is used for finance firms where free cash flow is difficult to estimate (e.g. Banks/ Insurance firms).

If the firm does not pay the majority of its earnings out as a dividend this method will often arrive at a value significantly lower than the share price.

See our documentation to learn about this calculation.

BATS-CHIXE:ARCUSO Gordon Growth Model
Calculation Result
Value per share = Expected dividends per share / (Discount Rate - Perpetual growth rate)
= NOK1.66 / (4.88% - 0.53%)
NOK38.51
BATS-CHIXE:ARCUSO Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in BATS-CHIXE:ARCUSO represents 1.00484x of OB:ARCUS
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
1.00484x
Value per Share
(Listing Adjusted, NOK)
= Value per Share (NOK) x Listing Adjustment Factor
= NOK 38.14 x 1.00484
NOK38.33
Value per share (NOK) From above. NOK38.33
Current discount Discount to share price of NOK31.15
= -1 x (NOK31.15 - NOK38.33) / NOK38.33
18.7%

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

Current Discount
Amount off the current price Arcus is available for.
Intrinsic value
19%
Share price is NOK31.15 vs Future cash flow value of NOK38.33
Current Discount Checks
For Arcus to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Arcus's share price is below the future cash flow value, but not at a moderate discount (< 20%).
  • Arcus's share price is below the future cash flow value, but not 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 Arcus's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Arcus's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
BATS-CHIXE:ARCUSO PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in NOK NOK1.88
OB:ARCUS Share Price ** OB (2020-04-06) in NOK NOK31
United Kingdom of Great Britain and Northern Ireland Beverage Industry PE Ratio Median Figure of 10 Publicly-Listed Beverage Companies 16.53x
United Kingdom of Great Britain and Northern Ireland Market PE Ratio Median Figure of 748 Publicly-Listed Companies 12.61x

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

** Primary Listing of Arcus.

BATS-CHIXE:ARCUSO PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

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

= 31 ÷ 1.88

16.49x

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

  • Arcus is good value based on earnings compared to the GB Beverage industry average.
  • Arcus is overvalued based on earnings compared to the United Kingdom of Great Britain and Northern Ireland market.
Price based on expected Growth
Does Arcus's expected growth come at a high price?
Raw Data
BATS-CHIXE:ARCUSO PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 16.49x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
United Kingdom of Great Britain and Northern Ireland Beverage Industry PEG Ratio Median Figure of 8 Publicly-Listed Beverage Companies 2.22x
United Kingdom of Great Britain and Northern Ireland Market PEG Ratio Median Figure of 517 Publicly-Listed Companies 0.99x

*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 Arcus, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Arcus's assets?
Raw Data
BATS-CHIXE:ARCUSO PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in NOK NOK24.29
OB:ARCUS Share Price * OB (2020-04-06) in NOK NOK31
United Kingdom of Great Britain and Northern Ireland Beverage Industry PB Ratio Median Figure of 13 Publicly-Listed Beverage Companies 2.7x
United Kingdom of Great Britain and Northern Ireland Market PB Ratio Median Figure of 1,323 Publicly-Listed Companies 1.11x
BATS-CHIXE:ARCUSO PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 31 ÷ 24.29

1.28x

* Primary Listing of Arcus.

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

  • Arcus is good value based on assets compared to the GB Beverage industry average.
X
Value checks
We assess Arcus'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 Beverage 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 Beverage industry average (and greater than 0)? (1 check)
  5. Arcus 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.

Future Performance

 How is Arcus expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Arcus has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by Simply Wall St do have past financial data. You can see them here.

Show me the analysis anyway

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
8.3%
Expected Beverage industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Arcus expected to grow at an attractive rate?
  • Unable to compare Arcus's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Arcus's earnings growth to the United Kingdom of Great Britain and Northern Ireland market average as no estimate data is available.
  • Unable to compare Arcus's revenue growth to the United Kingdom of Great Britain and Northern Ireland market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
BATS-CHIXE:ARCUSO Future Growth Rates Data Sources
Data Point Source Value (per year)
United Kingdom of Great Britain and Northern Ireland Beverage Industry Earnings Growth Rate Market Cap Weighted Average 8.3%
United Kingdom of Great Britain and Northern Ireland Beverage Industry Revenue Growth Rate Market Cap Weighted Average 4.9%
United Kingdom of Great Britain and Northern Ireland Market Earnings Growth Rate Market Cap Weighted Average 15.5%
United Kingdom of Great Britain and Northern Ireland Market Revenue Growth Rate Market Cap Weighted Average 2.5%

*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
BATS-CHIXE:ARCUSO Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in NOK Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
BATS-CHIXE:ARCUSO Future Estimates Data
Date (Data in NOK Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
BATS-CHIXE:ARCUSO Past Financials Data
Date (Data in NOK Millions) Revenue Cash Flow Net Income *
2019-12-31 2,763 292 128
2019-09-30 2,749 422 135
2019-06-30 2,743 266 133
2019-03-31 2,718 289 156
2018-12-31 2,723 395 158
2018-09-30 2,706 250 159
2018-06-30 2,664 254 181
2018-03-31 2,638 269 177
2017-12-31 2,575 200 181
2017-09-30 2,555 52 69
2017-06-30 2,556 47 -8
2017-03-31 2,543 9 -25

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Arcus is high growth as no earnings estimate data is available.
  • Unable to determine if Arcus is high growth as no revenue estimate data is available.
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
BATS-CHIXE:ARCUSO Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Arcus Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BATS-CHIXE:ARCUSO Future Estimates Data
Date (Data in NOK Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
BATS-CHIXE:ARCUSO Past Financials Data
Date (Data in NOK Millions) EPS *
2019-12-31 1.88
2019-09-30 1.97
2019-06-30 1.99
2019-03-31 2.25
2018-12-31 2.33
2018-09-30 2.35
2018-06-30 2.66
2018-03-31 2.58
2017-12-31 2.66
2017-09-30 1.06
2017-06-30 -0.14
2017-03-31 -0.45

*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.
  • Unable to establish if Arcus will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Examine Arcus's financial health to determine how well-positioned it is against times of financial stress by looking at its level of debt over time and how much cash it has left.
  2. Arcus's future outlook can be gauged by looking at industry trends and market size, and determining how well-positioned the company is compared to its competitors. Take a look at other high-growth Food, Beverage & Tobacco companies here
  3. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Future performance checks
We assess Arcus'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 United Kingdom of Great Britain and Northern Ireland market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United Kingdom of Great Britain and Northern Ireland 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.
Arcus has a total score of 0/6, 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.

Past Performance

  How has Arcus 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 Arcus's growth in the last year to its industry (Beverage).
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.
  • Arcus has delivered over 20% year on year earnings growth in the past 5 years.
  • Arcus's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Arcus's 1-year earnings growth is negative, it can't be compared to the GB Beverage industry average.
Earnings and Revenue History
Arcus'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 Arcus Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BATS-CHIXE:ARCUSO Past Revenue, Cash Flow and Net Income Data
Date (Data in NOK Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-12-31 2,762.80 127.70 555.20
2019-09-30 2,749.10 135.06 514.94
2019-06-30 2,743.10 133.06 511.64
2019-03-31 2,718.40 155.86 506.84
2018-12-31 2,723.20 158.46 515.34
2018-09-30 2,706.26 159.08 518.92
2018-06-30 2,664.36 181.38 517.42
2018-03-31 2,638.46 176.68 514.32
2017-12-31 2,575.06 181.28 504.12
2017-09-30 2,555.30 69.33 496.40
2017-06-30 2,556.00 -8.17 485.50
2017-03-31 2,543.40 -24.67 476.80
2016-12-31 2,582.40 -34.57 475.40
2016-09-30 2,650.64 68.48 377.86
2015-12-31 2,470.64 64.08 463.06
2014-12-31 2,208.42 62.51 460.16
2013-12-31 2,166.64 14.99 488.80

*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.
  • Arcus has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Arcus used its assets less efficiently than the GB Beverage industry average last year based on Return on Assets.
  • Arcus's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Arcus'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 Beverage 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.
Arcus has a total score of 1/6, 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.

Health

 How is Arcus'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 Arcus's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Arcus is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Arcus's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Arcus'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.
  • Debt is covered by short term assets, assets are 3x debt.
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 Arcus Company Filings, last reported 3 months ago.

BATS-CHIXE:ARCUSO Past Debt and Equity Data
Date (Data in NOK Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 1,662.20 703.80 205.00
2019-09-30 1,583.90 691.30 150.50
2019-06-30 1,521.30 864.90 98.50
2019-03-31 1,617.50 737.50 124.40
2018-12-31 1,654.03 723.50 282.59
2018-09-30 1,511.30 773.10 90.70
2018-06-30 1,480.70 906.50 134.70
2018-03-31 1,642.50 839.40 175.60
2017-12-31 1,669.42 815.52 184.42
2017-09-30 1,518.70 765.90 144.10
2017-06-30 1,477.50 850.70 126.90
2017-03-31 1,505.60 764.20 126.00
2016-12-31 1,502.59 703.27 199.39
2016-09-30 743.90 1,086.70 79.00
2015-12-31 876.41 1,208.48 190.42
2014-12-31 761.00 971.04 175.13
2013-12-31 638.78 988.07 148.39
  • Arcus's level of debt (42.3%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (127.6% vs 42.3% today).
  • Debt is well covered by operating cash flow (41.5%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 3.5x coverage).
X
Financial health checks
We assess Arcus'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. Arcus has a total score of 5/6, 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.

Dividends

 What is Arcus'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
5.35%
Current annual income from Arcus dividends.
If you bought NOK2,000 of Arcus shares you are expected to receive NOK107 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?
  • Arcus's pays a higher dividend yield than the bottom 25% of dividend payers in United Kingdom of Great Britain and Northern Ireland (2.59%).
  • Arcus's dividend is below the markets top 25% of dividend payers in United Kingdom of Great Britain and Northern Ireland (7.08%).
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
BATS-CHIXE:ARCUSO 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 0 Analyst Estimates (S&P Global) See Below
United Kingdom of Great Britain and Northern Ireland Beverage Industry Average Dividend Yield Market Cap Weighted Average of 10 Stocks 2.8%
United Kingdom of Great Britain and Northern Ireland Market Average Dividend Yield Market Cap Weighted Average of 588 Stocks 5.6%
United Kingdom of Great Britain and Northern Ireland Minimum Threshold Dividend Yield 10th Percentile 1.3%
United Kingdom of Great Britain and Northern Ireland Bottom 25% Dividend Yield 25th Percentile 2.6%
United Kingdom of Great Britain and Northern Ireland Top 25% Dividend Yield 75th Percentile 7.1%

Industry and Market average data is calculated daily.

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

BATS-CHIXE:ARCUSO Future Dividends Estimate Data
Date (Data in NOK) Dividend per Share (annual) Avg. No. Analysts
BATS-CHIXE:ARCUSO Past Annualized Dividends Data
Date (Data in NOK) Dividend per share (annual) Avg. Yield (%)
2020-02-13 1.660 5.179
2019-02-14 1.660 4.512
2018-03-19 1.660 3.862
2017-05-10 1.470 3.226
2017-02-14 1.470 3.107

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

  • Whilst dividend payments have been stable, Arcus has been paying a dividend for less than 10 years.
  • Dividend payments have increased, but Arcus only paid a dividend in the past 3 years.
Current Payout to shareholders
What portion of Arcus's earnings are paid to the shareholders as a dividend.
  • Dividends paid are covered by earnings (1.1x coverage).
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Arcus's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.3%) - 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 Arcus afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Arcus has a total score of 2/6, see the detailed checks below.


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

Management

 What is the CEO of Arcus'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
Kenneth Hamnes
COMPENSATION NOK3,684,000
AGE 49
TENURE AS CEO 4.7 years
CEO Bio

Mr. Kenneth Hamnes has been the Chief Executive Officer of Arcus-Gruppen AS since May 2015. Mr. Hamnes is a Co-Owner of Ekelyveien AS. He has been the Group Chief Executive Officer of Arcus AS since 2015. He has been the Group Chief Executive Officer of Arcus ASA since August 2015. He has many years of experience in leading positions within companies in the FMCG sector. He served as the Chief Executive Officer of the Norwegian snack foods manufacturer Maarud. He served as the Chief Executive Officer of Maarud AS from 2009 to 2015. He served as Sales Director of Stabburet AS (Orkla Group) from 2006 to 2009. He served as Sales Director of Bakers AS (Orkla Group) from 2004 to 2006. He served as a Consultant/Project Manager at Boston Consulting Group from 2002 to 2004. He served as Key Account Manager / Brand manager of Lilleborg AS (Orkla Group) from 1997 to 2000. Mr. Hamnes earned Master of Business Administration at Norwegian School of Management (NHH) from 1993 to 1997 and attended Varehandelens Høyskole from 1990 to 1992.

CEO Compensation
  • Kenneth's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Kenneth's remuneration is lower than average for companies of similar size in United Kingdom of Great Britain and Northern Ireland.
Management Team Tenure

Average tenure and age of the Arcus management team in years:

2.9
Average Tenure
51
Average Age
  • The tenure for the Arcus management team is about average.
Management Team

Kenneth Hamnes

TITLE
Group Chief Executive Officer
COMPENSATION
NOK4M
AGE
49
TENURE
4.7 yrs

Sigmund Toth

TITLE
CFO and Group Director of Finance & IT
COMPENSATION
NOK2M
TENURE
3.6 yrs

Per Bjørkum

TITLE
Group Director of Communications & IR
COMPENSATION
NOK2M
AGE
55
TENURE
7.3 yrs

Svante Selling

TITLE
Chief Executive Officer of Vingruppen i Norden AB (Wine Sweden & Finland)
COMPENSATION
NOK3M
TENURE
2.2 yrs

Erik Bern

TITLE
Group Director of Group Technical Development & Services - CSR
COMPENSATION
NOK2M
AGE
58
TENURE
6.5 yrs

Erlend Stefansson

TITLE
Group Director of Spirits
COMPENSATION
NOK2M
AGE
51
TENURE
7.7 yrs

Eirik Andersen

TITLE
Group Director Wine Norway
COMPENSATION
NOK3M
TENURE
2.3 yrs

Jan-Erik Nilsen

TITLE
Acting Group Director of Human Resources
TENURE
1.3 yrs

Petra Thorén

TITLE
Managing Director of Vingruppen Oy
AGE
50
TENURE
0.3 yrs

Roar Ødelien

TITLE
Chief Executive Officer of Vectura AS
AGE
51
TENURE
1.3 yrs
Board of Directors Tenure

Average tenure and age of the Arcus board of directors in years:

2.1
Average Tenure
59
Average Age
  • The average tenure for the Arcus board of directors is less than 3 years, this suggests a new board.
Board of Directors

Michael Johansen

TITLE
Chairman of the Board
TENURE
3.7 yrs

Eilif Due

TITLE
Independent Director
AGE
64
TENURE
10.3 yrs

Leena Saarinen

TITLE
Independent Director
AGE
59
TENURE
3.7 yrs

Ann-Beth Freuchen

TITLE
Independent Director
AGE
48
TENURE
3.3 yrs

Nils Selte

TITLE
Director
TENURE
1 yrs

Kirsten Ægidius

TITLE
Director
AGE
56
TENURE
1 yrs

Carl Hagen

TITLE
Director
TENURE
1 yrs

Stein Hagen

TITLE
Deputy Director
AGE
63
TENURE
1 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (NOK) Value (NOK)
18. Jun 19 Sell Bjorn Oulie Individual 17. Jun 19 17. Jun 19 -400 NOK37.00 NOK-14,800
X
Management checks
We assess Arcus'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. Arcus 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.

News

Simply Wall St News

Company Info

Description

Arcus ASA, together with its subsidiaries, imports, produces, markets, sells, and distributes wine and spirits. The company offers its products under various brands, such as Lysholm Linie, Løiten Linie, Gammel Opland, Gilde, Aalborg, Malteserkreutz and Snälleröds, Gammel Dansk, Braastad cognac, Vikingfjord, Amundsen, Brennevin Seksti, Vanlig, Dworek, Hammer, Kalinka, Dobra, Doppio Passo, Pietro de Campo, Hot n’Sweet, Dooley’s, Eau de Vie, Golden Cock, St. Hallvard, Upper Ten, Dry Anis, Star Gin, Vanlig, Akvavit, Gammel Dans, and others. It also provides logistics services for alcoholic drinks. The company sells its products in Norway, Sweden, Finland, Denmark, Germany, the United States, and internationally. Arcus ASA is based in Hagan, Norway.

Details
Name: Arcus ASA
ARCUSO
Exchange: BATS-CHIXE
Founded:
NOK2,108,408,394
68,013,174
Website: http://www.arcus.no
Address: Arcus ASA
Destilleriveien 11,
Postbox 64,
Hagan,
Akershus, 1483,
Norway
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
OB ARCUS Ordinary Shares Oslo Bors NO NOK 01. Dec 2016
DB A48 Ordinary Shares Deutsche Boerse AG DE EUR 01. Dec 2016
LSE 0RMY Ordinary Shares London Stock Exchange GB NOK 01. Dec 2016
BRSE A48 Ordinary Shares Berne Stock Exchange CH CHF 01. Dec 2016
BATS-CHIXE ARCUSO Ordinary Shares BATS 'Chi-X Europe' GB NOK 01. Dec 2016
Number of employees
Current staff
Staff numbers
429
Arcus employees.
Industry
Distillers and Vintners
Food, Beverage & Tobacco
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/07 23:23
End of day share price update: 2020/04/06 00:00
Last estimates confirmation: 2019/02/14
Last earnings filing: 2020/02/13
Last earnings reported: 2019/12/31
Last annual earnings reported: 2019/12/31


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.