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Hagar hf

ICSE:HAGA
Snowflake Description

Mediocre balance sheet with acceptable track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
HAGA
ICSE
ISK59B
Market Cap
  1. Home
  2. IS
  3. Consumer Retailing
Company description

Hagar hf. operates retail stores in Iceland. The last earnings update was 79 days ago. More info.


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HAGA Share Price and Events
7 Day Returns
1.5%
ICSE:HAGA
1.9%
Europe Consumer Retailing
2.9%
IS Market
1 Year Returns
6.6%
ICSE:HAGA
-5.5%
Europe Consumer Retailing
-2.8%
IS Market
HAGA Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Hagar hf (HAGA) 1.5% 7.7% -0.6% 6.6% -1.9% 11.8%
Europe Consumer Retailing 1.9% 0.6% -6.2% -5.5% -9% -18.9%
IS Market 2.9% 0.9% -13% -2.8% 7.6% 51.7%
1 Year Return vs Industry and Market
  • HAGA outperformed the Consumer Retailing industry which returned -5.5% over the past year.
  • HAGA outperformed the Market in Iceland which returned -2.8% over the past year.
Price Volatility
HAGA
Industry
5yr Volatility vs Market

HAGA Value

 Is Hagar hf 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 Hagar hf 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 Hagar hf.

ICSE:HAGA Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Extrapolated from most recent financials. See below
Discount Rate (Cost of Equity) See below 9.3%
Perpetual Growth Rate 10-Year IS Government Bond Rate 3.7%

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 ICSE:HAGA
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year IS Govt Bond Rate 3.7%
Equity Risk Premium S&P Global 7%
Consumer Retailing Unlevered Beta Simply Wall St/ S&P Global 0.39
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.391 (1 + (1- 20%) (38.45%))
0.673
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)
= 3.69% + (0.8 * 6.96%)
9.26%

Discounted Cash Flow Calculation for ICSE:HAGA using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Hagar hf 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.

ICSE:HAGA DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (ISK, Millions) Source Present Value
Discounted (@ 9.26%)
2020 11,472.11 Est @ 60.14% 10,500.02
2021 16,428.36 Est @ 43.2% 13,762.20
2022 21,578.46 Est @ 31.35% 16,544.77
2023 26,552.54 Est @ 23.05% 18,633.44
2024 31,130.95 Est @ 17.24% 19,995.22
2025 35,233.06 Est @ 13.18% 20,712.42
2026 38,872.95 Est @ 10.33% 20,915.81
2027 42,114.41 Est @ 8.34% 20,739.81
2028 45,038.85 Est @ 6.94% 20,300.56
2029 47,726.69 Est @ 5.97% 19,689.23
Present value of next 10 years cash flows ISK181,793.00
ICSE:HAGA DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= ISK47,726.69 × (1 + 3.69%) ÷ (9.26% – 3.69%)
ISK888,789.52
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= ISK888,789.52 ÷ (1 + 9.26%)10
ISK366,662.47
ICSE:HAGA Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= ISK181,793.00 + ISK366,662.47
ISK548,455.47
Equity Value per Share
(ISK)
= Total value / Shares Outstanding
= ISK548,455.47 / 1,213.33
ISK452.02
ICSE:HAGA Discount to Share Price
Calculation Result
Value per share (ISK) From above. ISK452.02
Current discount Discount to share price of ISK47.70
= -1 x (ISK47.70 - ISK452.02) / ISK452.02
89.4%

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

Current Discount
Amount off the current price Hagar hf is available for.
Intrinsic value
>50%
Share price is ISK47.7 vs Future cash flow value of ISK452.02
Current Discount Checks
For Hagar hf to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Hagar hf's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Hagar hf'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 Hagar hf's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Hagar hf's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
ICSE:HAGA PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-11-30) in ISK ISK2.40
ICSE:HAGA Share Price ** ICSE (2020-04-08) in ISK ISK47.7
Europe Consumer Retailing Industry PE Ratio Median Figure of 39 Publicly-Listed Consumer Retailing Companies 18.53x
Iceland Market PE Ratio Median Figure of 21 Publicly-Listed Companies 10.96x

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

** Primary Listing of Hagar hf.

ICSE:HAGA PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= ICSE:HAGA Share Price ÷ EPS (both in ISK)

= 47.7 ÷ 2.40

19.85x

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

  • Hagar hf is overvalued based on earnings compared to the Europe Consumer Retailing industry average.
  • Hagar hf is overvalued based on earnings compared to the Iceland market.
Price based on expected Growth
Does Hagar hf's expected growth come at a high price?
Raw Data
ICSE:HAGA PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 19.85x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
Europe Consumer Retailing Industry PEG Ratio Median Figure of 25 Publicly-Listed Consumer Retailing Companies 1.1x

*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 Hagar hf, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Hagar hf's assets?
Raw Data
ICSE:HAGA PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-11-30) in ISK ISK19.94
ICSE:HAGA Share Price * ICSE (2020-04-08) in ISK ISK47.7
Europe Consumer Retailing Industry PB Ratio Median Figure of 50 Publicly-Listed Consumer Retailing Companies 1.33x
Iceland Market PB Ratio Median Figure of 24 Publicly-Listed Companies 1.23x
ICSE:HAGA PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= ICSE:HAGA Share Price ÷ Book Value per Share (both in ISK)

= 47.7 ÷ 19.94

2.39x

* Primary Listing of Hagar hf.

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

  • Hagar hf is overvalued based on assets compared to the Europe Consumer Retailing industry average.
X
Value checks
We assess Hagar hf'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 Consumer Retailing 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 Consumer Retailing industry average (and greater than 0)? (1 check)
  5. Hagar hf 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.

HAGA Future Performance

 How is Hagar hf 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 Hagar hf 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
17.9%
Expected Consumer Retailing industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Hagar hf expected to grow at an attractive rate?
  • Unable to compare Hagar hf's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Hagar hf's earnings growth to the market average as no estimate data is available.
  • Unable to compare Hagar hf's revenue growth to the market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
ICSE:HAGA Future Growth Rates Data Sources
Data Point Source Value (per year)
Europe Consumer Retailing Industry Earnings Growth Rate Market Cap Weighted Average 17.9%
Europe Consumer Retailing Industry Revenue Growth Rate Market Cap Weighted Average 3.4%

*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
ICSE:HAGA Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in ISK Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
ICSE:HAGA Past Financials Data
Date (Data in ISK Millions) Revenue Cash Flow Net Income *
2019-11-30 115,668 9,881 2,902
2019-08-31 105,949 8,268 2,602
2019-05-31 94,177 7,299 2,254
2019-02-28 84,179 2,882 2,317
2018-11-30 76,066 3,161 2,225
2018-08-31 74,460 3,665 2,298
2018-05-31 73,439 2,398 2,272
2018-02-28 73,895 2,938 2,394
2017-11-30 74,942 3,276 2,934
2017-08-31 76,978 4,721 3,407
2017-05-31 79,588 5,563 3,938
2017-02-28 80,521 5,823 4,036

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Hagar hf is high growth as no earnings estimate data is available.
  • Unable to determine if Hagar hf 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
ICSE:HAGA Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Hagar hf Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

ICSE:HAGA Past Financials Data
Date (Data in ISK Millions) EPS *
2019-11-30 2.40
2019-08-31 2.20
2019-05-31 1.95
2019-02-28 2.05
2018-11-30 2.02
2018-08-31 2.07
2018-05-31 2.02
2018-02-28 2.11
2017-11-30 2.56
2017-08-31 3.08
2017-05-31 3.39
2017-02-28 3.46

*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 Hagar hf will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Take a look at our analysis of HAGA’s management and see if the CEO’s compensation is within a reasonable range, who is on the board and if insiders have been trading lately.
  2. Hagar hf'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 Consumer Retailing 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 Hagar hf'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.
Hagar hf 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.

HAGA Past Performance

  How has Hagar hf 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 Hagar hf's growth in the last year to its industry (Consumer Retailing).
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.
  • Hagar hf's year on year earnings growth rate was negative over the past 5 years and the most recent earnings are below average.
  • Hagar hf's 1-year earnings growth exceeds its 5-year average (30.4% vs -11.7%)
  • Hagar hf's earnings growth has exceeded the Europe Consumer Retailing industry average in the past year (30.4% vs 2.2%).
Earnings and Revenue History
Hagar hf'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 Hagar hf Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

ICSE:HAGA Past Revenue, Cash Flow and Net Income Data
Date (Data in ISK Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-11-30 115,668.00 2,902.00 14,469.00
2019-08-31 105,949.00 2,602.00 13,585.00
2019-05-31 94,177.00 2,254.00 12,571.00
2019-02-28 84,179.00 2,317.00 11,567.00
2018-11-30 76,066.00 2,225.00 10,730.00
2018-08-31 74,460.00 2,298.00 10,637.00
2018-05-31 73,439.00 2,272.00 10,641.00
2018-02-28 73,895.00 2,394.00 10,630.00
2017-11-30 74,942.00 2,934.00 10,929.00
2017-08-31 76,978.00 3,407.00 10,862.00
2017-05-31 79,588.00 3,938.00 10,721.00
2017-02-28 80,521.00 4,036.00 10,618.00
2016-11-30 80,852.00 3,800.00 10,702.00
2016-08-31 80,688.00 3,771.00 10,543.00
2016-05-31 79,679.00 3,733.00 10,396.00
2016-02-29 78,366.00 3,596.00 10,153.00
2015-11-30 77,557.00 3,821.00 10,105.00
2015-08-31 77,170.00 3,730.00 9,991.00
2015-05-31 76,926.00 3,710.00 9,892.00
2015-02-28 77,143.00 3,838.00 9,841.00
2014-11-30 77,131.00 4,028.00 9,770.00
2014-08-31 76,727.00 4,074.00 9,690.00
2014-05-31 76,664.00 4,055.00 9,640.00
2014-02-28 76,158.00 3,953.00 9,592.00
2013-11-30 75,247.00 3,668.00 9,557.00
2013-08-31 73,996.00 3,377.00 9,481.00
2013-05-31 72,786.00 3,167.00 9,438.00

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

HAGA Health

 How is Hagar hf'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 Hagar hf's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Hagar hf is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Hagar hf's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Hagar hf'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 1.3x 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 Hagar hf Company Filings, last reported 4 months ago.

ICSE:HAGA Past Debt and Equity Data
Date (Data in ISK Millions) Total Equity Total Debt Cash & Short Term Investments
2019-11-30 24,193.00 12,670.00 3,365.00
2019-08-31 23,824.00 11,513.00 2,759.00
2019-05-31 24,391.00 12,236.00 3,714.00
2019-02-28 24,279.00 13,025.00 736.00
2018-11-30 23,726.00 13,893.00 773.00
2018-08-31 18,264.00 3,705.00 354.00
2018-05-31 18,685.00 2,797.00 373.00
2018-02-28 17,957.00 2,988.00 222.00
2017-11-30 18,410.00 3,181.00 232.00
2017-08-31 18,646.00 3,371.00 2,188.00
2017-05-31 18,262.00 3,563.00 3,027.00
2017-02-28 17,412.00 3,753.00 2,474.00
2016-11-30 16,412.00 3,796.00 3,028.00
2016-08-31 16,537.00 3,980.00 3,316.00
2016-05-31 17,316.00 4,164.00 4,733.00
2016-02-29 16,368.00 4,511.00 3,810.00
2015-11-30 15,604.00 4,259.00 2,727.00
2015-08-31 14,758.00 4,441.00 2,478.00
2015-05-31 15,575.00 4,624.00 4,814.00
2015-02-28 14,764.00 4,805.00 3,348.00
2014-11-30 13,774.00 4,245.00 3,010.00
2014-08-31 13,020.00 4,341.00 3,046.00
2014-05-31 13,037.00 4,988.00 3,503.00
2014-02-28 12,098.00 6,622.00 4,143.00
2013-11-30 10,918.00 6,784.00 2,514.00
2013-08-31 10,118.00 7,915.00 3,854.00
2013-05-31 9,568.00 8,077.00 3,144.00
  • Hagar hf's level of debt (52.4%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (30.8% vs 52.4% today).
  • Debt is well covered by operating cash flow (78%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 3.9x coverage).
X
Financial health checks
We assess Hagar hf'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. Hagar hf has a total score of 3/6, 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.

HAGA Dividends

 What is Hagar hf'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
2%
Current annual income from Hagar hf dividends.
If you bought ISK2,000 of Hagar hf shares you are expected to receive ISK40 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?
  • Hagar hf's pays a higher dividend yield than the bottom 25% of dividend payers in Iceland (1.64%).
  • Hagar hf's dividend is below the markets top 25% of dividend payers in Iceland (8.28%).
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
ICSE:HAGA 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
Europe Consumer Retailing Industry Average Dividend Yield Market Cap Weighted Average of 35 Stocks 3.9%
Iceland Market Average Dividend Yield Market Cap Weighted Average of 13 Stocks 3.1%
Iceland Minimum Threshold Dividend Yield 10th Percentile 1.2%
Iceland Bottom 25% Dividend Yield 25th Percentile 1.6%
Iceland Top 25% Dividend Yield 75th Percentile 8.3%

Industry and Market average data is calculated daily.

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

ICSE:HAGA Past Annualized Dividends Data
Date (Data in ISK) Dividend per share (annual) Avg. Yield (%)
2020-01-20 0.955 1.977
2019-05-17 0.955 2.261
2019-05-16 0.955 2.194
2018-05-15 1.024 2.263
2018-01-11 0.000 0.000
2017-10-24 0.000 0.000
2017-06-28 0.000 0.000
2017-05-15 0.000 0.000
2016-05-13 1.700 3.407
2015-05-13 1.700 3.987
2014-05-16 1.000 2.318
2013-05-16 0.500 1.380
2012-05-10 0.450 2.116

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

  • Hagar hf has been paying a dividend for less than 10 years and during this time payments have been volatile (annual drop of over 20%).
  • Dividend payments have increased, but Hagar hf only paid a dividend in the past 8 years.
Current Payout to shareholders
What portion of Hagar hf's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (2.5x 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 Hagar hf's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.2%) - 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 Hagar hf afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Hagar hf 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.

HAGA Management

 What is the CEO of Hagar hf'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
Finnur Árnason
COMPENSATION ISK85,700,000
AGE 58
CEO Bio

Mr. Finnur Árnason serves as the Chief Executive Officer of Hagar hf. Mr. Árnason serves as Director General of Hagar. Mr. Árnason graduated in business administration from the University of Iceland and in microeconomics from the University of Hartford in 1987.

CEO Compensation
  • Finnur's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Insufficient data for Finnur to establish whether their remuneration is reasonable compared to companies of similar size in .
Management Team Tenure

Average tenure and age of the Hagar hf management team in years:

0.5
Average Tenure
57
Average Age
  • The average tenure for the Hagar hf management team is less than 2 years, this suggests a new team.
Management Team

Finnur Árnason

TITLE
Chief Executive Officer
COMPENSATION
ISK86M
AGE
58

Guðrún Gunnarsdóttir

TITLE
Chief Operating Officer
COMPENSATION
ISK31M
AGE
41
TENURE
0.5 yrs

Guðmundur Marteinsson

TITLE
Managing Director of Bónus
COMPENSATION
ISK72M
AGE
54

Kjartan Friðsteinsson

TITLE
Managing Director of Banana
COMPENSATION
ISK37M
AGE
68

Lárus Óskarsson

TITLE
Managing Director of Infrastructure
COMPENSATION
ISK30M
AGE
59

Sigurður Reynaldsson

TITLE
Managing Director of Hagkaup & Haga's Specialized Stores
AGE
53
TENURE
0.5 yrs

Jón Halldórsson

TITLE
CEO of Olíuverzlun Íslands
AGE
57
TENURE
1 yrs
Board of Directors Tenure

Average tenure and age of the Hagar hf board of directors in years:

1.3
Average Tenure
51
Average Age
  • The average tenure for the Hagar hf board of directors is less than 3 years, this suggests a new board.
Board of Directors

Erna Gísladóttir

TITLE
Independent Chairman of the Board
COMPENSATION
ISK4M
AGE
51

Davíð Harðarson

TITLE
Vice Chairman of the Board

Stefán Auðólfsson

TITLE
Independent Director
COMPENSATION
ISK4M
AGE
47
TENURE
6.8 yrs

Katrín Olga Jóhannesdóttir

TITLE
Director
AGE
57
TENURE
1.3 yrs

Eiríkur S. Jóhannsson

TITLE
Director
AGE
51
TENURE
1.3 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 (ISK) Value (ISK)
X
Management checks
We assess Hagar hf'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. Hagar hf 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.

HAGA News

Simply Wall St News

HAGA Company Info

Description

Hagar hf. operates retail stores in Iceland. Its stores offer food, beauty products, home furnishings, leisure products, and seasonal products, as well as clothing for women, men, and children; sports and outdoor recreation equipment; and shoes. The company also imports and distributes fruits and vegetables; processes meat; and provides customs processing, stock keeping and order fulfillment, product labeling, and other services. It operates 48 stores within 5 retail chains, as well as 4 warehouses. Hagar hf. is based in Kopavogur, Iceland.

Details
Name: Hagar hf
HAGA
Exchange: ICSE
Founded:
ISK58,725,357,904
1,213,333,841
Website: http://www.hagar.is
Address: Hagar hf
Hagasmári 1,
Kopavogur,
201,
Iceland
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
ICSE HAGA Ordinary Shares OMX Nordic Exchange Iceland IS ISK 16. Dec 2011
LSE 0Q52 Ordinary Shares London Stock Exchange GB ISK 16. Dec 2011
Number of employees
Current staff
Staff numbers
0
Hagar hf employees.
Industry
Hypermarkets and Super Centers
Consumer Retailing
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/08 21:27
End of day share price update: 2020/04/08 00:00
Last earnings filing: 2020/01/20
Last earnings reported: 2019/11/30
Last annual earnings reported: 2019/02/28


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.