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Atlantic Lumpus

OB:ATLU-ME
Snowflake Description

Moderate growth potential with imperfect balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
ATLU-ME
OB
NOK67M
Market Cap
  1. Home
  2. NO
  3. Food, Beverage & Tobacco
Company description

Atlantic Lumpus AS engages in farming Cyclopterus Lumpu fish in Norway. The last earnings update was 37 days ago. More info.


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ATLU-ME Share Price and Events
7 Day Returns
0%
OB:ATLU-ME
1%
NO Food
-0.2%
NO Market
1 Year Returns
-33.9%
OB:ATLU-ME
17.7%
NO Food
-7.7%
NO Market
ATLU-ME Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Atlantic Lumpus (ATLU-ME) 0% -2.1% -15.9% -33.9% -37.7% -
NO Food 1% 8.5% 11% 17.7% 40.9% 132.1%
NO Market -0.2% -0.1% -5.5% -7.7% 24.3% 10.1%
1 Year Return vs Industry and Market
  • ATLU-ME underperformed the Food industry which returned 17.7% over the past year.
  • ATLU-ME underperformed the Market in Norway which returned -7.7% over the past year.
Price Volatility
ATLU-ME
Industry
5yr Volatility vs Market
Related Companies

ATLU-ME Value

 Is Atlantic Lumpus 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 Atlantic Lumpus 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 Atlantic Lumpus.

OB:ATLU-ME 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 6.5%
Perpetual Growth Rate 10-Year NO Government Bond Rate 1.8%

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 OB:ATLU-ME
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year NO Govt Bond Rate 1.8%
Equity Risk Premium S&P Global 6%
Food Unlevered Beta Simply Wall St/ S&P Global 0.57
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.565 (1 + (1- 23%) (26.99%))
0.787
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)
= 1.76% + (0.8 * 5.96%)
6.53%

Discounted Cash Flow Calculation for OB:ATLU-ME using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Atlantic Lumpus 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.

OB:ATLU-ME DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (NOK, Millions) Source Present Value
Discounted (@ 6.53%)
2020 4.57 Est @ 4.62% 4.29
2021 4.74 Est @ 3.76% 4.18
2022 4.89 Est @ 3.16% 4.04
2023 5.02 Est @ 2.74% 3.90
2024 5.15 Est @ 2.45% 3.75
2025 5.26 Est @ 2.24% 3.60
2026 5.37 Est @ 2.1% 3.45
2027 5.48 Est @ 2% 3.30
2028 5.59 Est @ 1.92% 3.16
2029 5.69 Est @ 1.88% 3.02
Present value of next 10 years cash flows NOK36.70
OB:ATLU-ME DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= NOK5.69 × (1 + 1.76%) ÷ (6.53% – 1.76%)
NOK121.43
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= NOK121.43 ÷ (1 + 6.53%)10
NOK64.52
OB:ATLU-ME Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= NOK36.70 + NOK64.52
NOK101.22
Equity Value per Share
(NOK)
= Total value / Shares Outstanding
= NOK101.22 / 3.60
NOK28.12
OB:ATLU-ME Discount to Share Price
Calculation Result
Value per share (NOK) From above. NOK28.12
Current discount Discount to share price of NOK18.50
= -1 x (NOK18.50 - NOK28.12) / NOK28.12
34.2%

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

Current Discount
Amount off the current price Atlantic Lumpus is available for.
Intrinsic value
34%
Share price is NOK18.5 vs Future cash flow value of NOK28.12
Current Discount Checks
For Atlantic Lumpus to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Atlantic Lumpus's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Atlantic Lumpus'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 Atlantic Lumpus's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Atlantic Lumpus's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
OB:ATLU-ME PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in NOK NOK-0.68
OB:ATLU-ME Share Price ** OB (2019-07-16) in NOK NOK18.5
Norway Food Industry PE Ratio Median Figure of 9 Publicly-Listed Food Companies 14.7x
Norway Market PE Ratio Median Figure of 134 Publicly-Listed Companies 13.65x

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

** Primary Listing of Atlantic Lumpus.

OB:ATLU-ME PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= OB:ATLU-ME Share Price ÷ EPS (both in NOK)

= 18.5 ÷ -0.68

-27.32x

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

  • Atlantic Lumpus is loss making, we can't compare its value to the NO Food industry average.
  • Atlantic Lumpus is loss making, we can't compare the value of its earnings to the Norway market.
Price based on expected Growth
Does Atlantic Lumpus's expected growth come at a high price?
Raw Data
OB:ATLU-ME PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -27.32x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
47.5%per year
Norway Food Industry PEG Ratio Median Figure of 9 Publicly-Listed Food Companies 1.18x
Norway Market PEG Ratio Median Figure of 104 Publicly-Listed Companies 0.84x

*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 Atlantic Lumpus, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Atlantic Lumpus's assets?
Raw Data
OB:ATLU-ME PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in NOK NOK2.69
OB:ATLU-ME Share Price * OB (2019-07-16) in NOK NOK18.5
Norway Food Industry PB Ratio Median Figure of 11 Publicly-Listed Food Companies 3.82x
Norway Market PB Ratio Median Figure of 217 Publicly-Listed Companies 1.12x
OB:ATLU-ME PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= OB:ATLU-ME Share Price ÷ Book Value per Share (both in NOK)

= 18.5 ÷ 2.69

6.87x

* Primary Listing of Atlantic Lumpus.

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

  • Atlantic Lumpus is overvalued based on assets compared to the NO Food industry average.
X
Value checks
We assess Atlantic Lumpus'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 Food 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 Food industry average (and greater than 0)? (1 check)
  5. Atlantic Lumpus has a total score of 1/6, 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.

ATLU-ME Future Performance

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

  • No analysts cover Atlantic Lumpus, future earnings growth has been estimated based on fundamentals.
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
47.5%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Atlantic Lumpus expected to grow at an attractive rate?
  • Atlantic Lumpus's earnings growth is expected to exceed the low risk savings rate of 1.8%.
Growth vs Market Checks
  • Atlantic Lumpus's earnings growth is expected to exceed the Norway market average.
  • Unable to compare Atlantic Lumpus's revenue growth to the Norway market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
OB:ATLU-ME Future Growth Rates Data Sources
Data Point Source Value (per year)
OB:ATLU-ME Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts 47.5%
Norway Food Industry Earnings Growth Rate Market Cap Weighted Average 11.1%
Norway Food Industry Revenue Growth Rate Market Cap Weighted Average 5.8%
Norway Market Earnings Growth Rate Market Cap Weighted Average 14.8%
Norway Market Revenue Growth Rate Market Cap Weighted Average 4.1%

*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
OB:ATLU-ME Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (6 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.
OB:ATLU-ME Past Financials Data
Date (Data in NOK Millions) Revenue Cash Flow Net Income *
2018-12-31 19 4 -2
2018-09-30 24 11 1
2018-06-30 28 17 5
2018-03-31 26 10 6
2017-12-31 24 4 6
2017-09-30 14 0 3
2017-06-30 4 -3 0
2017-03-31 2 2 -1
2016-12-31 6 -2

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Atlantic Lumpus's earnings are expected to grow significantly at over 20% yearly.
  • Unable to determine if Atlantic Lumpus 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
OB:ATLU-ME Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (6 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Atlantic Lumpus Company Filings, last reported 6 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OB:ATLU-ME Past Financials Data
Date (Data in NOK Millions) EPS *
2018-12-31 -0.68
2018-09-30 0.36
2018-06-30 1.39
2018-03-31 1.58
2017-12-31 1.76
2017-09-30 0.89
2017-06-30 0.01
2017-03-31 -0.23
2016-12-31 -0.48

*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 Atlantic Lumpus will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Atlantic Lumpus'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 Norway market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Norway 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.
Atlantic Lumpus has a total score of 3/6, 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.

ATLU-ME Past Performance

  How has Atlantic Lumpus 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 Atlantic Lumpus's growth in the last year to its industry (Food).
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.
  • Atlantic Lumpus does not make a profit even though their year on year earnings growth rate was positive over the past 5 years.
  • Unable to compare Atlantic Lumpus's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Atlantic Lumpus's 1-year growth to the NO Food industry average as it is not currently profitable.
Earnings and Revenue History
Atlantic Lumpus'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 Atlantic Lumpus Company Filings, last reported 6 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OB:ATLU-ME Past Revenue, Cash Flow and Net Income Data
Date (Data in NOK Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 18.91 -2.44 4.55
2018-09-30 23.65 1.28 4.43
2018-06-30 28.40 5.00 4.31
2018-03-31 26.06 5.67 4.15
2017-12-31 23.72 6.35 3.99
2017-09-30 13.63 3.20 3.27
2017-06-30 3.53 0.05 2.55
2017-03-31 1.77 -0.84 1.68
2016-12-31 -1.73 0.81
2015-12-31 -0.16
2014-12-31 0.00 0.26

*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 Atlantic Lumpus has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if Atlantic Lumpus has efficiently used its assets last year compared to the NO Food industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if Atlantic Lumpus 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 Atlantic Lumpus'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 Food 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.
Atlantic Lumpus 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.

ATLU-ME Health

 How is Atlantic Lumpus'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 Atlantic Lumpus's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Atlantic Lumpus is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Atlantic Lumpus's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Atlantic Lumpus'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 not covered by short term assets, assets are 0.3x 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 Atlantic Lumpus Company Filings, last reported 6 months ago.

OB:ATLU-ME Past Debt and Equity Data
Date (Data in NOK Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 9.69 17.98 4.93
2018-09-30 9.69 17.98 4.93
2018-06-30 12.36 19.27 4.01
2018-03-31 12.36 19.27 4.01
2017-12-31 12.13 22.42 5.29
2017-09-30 12.13 22.42 5.29
2017-06-30 7.37 27.26 2.45
2017-03-31 7.37 27.26 2.45
2016-12-31 5.78 27.77 4.31
2015-12-31 7.51 4.98 1.76
2014-12-31 6.24 1.00 2.90
  • Atlantic Lumpus's level of debt (185.5%) compared to net worth is high (greater than 40%).
  • Unable to establish if Atlantic Lumpus's debt level has increased without past 5-year debt data.
  • Debt is well covered by operating cash flow (24.3%, greater than 20% of total debt).
  • Unable to confirm if the interest payments on Atlantic Lumpus's debt are well covered by earnings due to lack of past financial data.
X
Financial health checks
We assess Atlantic Lumpus'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. Atlantic Lumpus has a total score of 2/6, 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.

ATLU-ME Dividends

 What is Atlantic Lumpus'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 Atlantic Lumpus dividends.
If you bought NOK2,000 of Atlantic Lumpus shares you are expected to receive NOK0 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 Atlantic Lumpus's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Atlantic Lumpus'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
OB:ATLU-ME 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
Norway Food Industry Average Dividend Yield Market Cap Weighted Average of 9 Stocks 3.9%
Norway Market Average Dividend Yield Market Cap Weighted Average of 110 Stocks 4.5%
Norway Minimum Threshold Dividend Yield 10th Percentile 1.9%
Norway Bottom 25% Dividend Yield 25th Percentile 2.5%
Norway Top 25% Dividend Yield 75th Percentile 6.4%

Industry and Market average data is calculated daily.

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

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

  • Unable to perform a dividend volatility check as Atlantic Lumpus has not reported any payouts.
  • Unable to verify if Atlantic Lumpus's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Atlantic Lumpus's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Atlantic Lumpus has not reported any payouts.
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 Atlantic Lumpus's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.9%) - 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 Atlantic Lumpus afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Atlantic Lumpus 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.

ATLU-ME Management

 What is the CEO of Atlantic Lumpus'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
Dan Larssen
CEO Bio

Dan Kristian Larssen serves as the Chief Executive Officer and Director of Atlantic Lumpus AS. Dan Kristian Larssen earned a Bachelor's Degree in Aquaculture Operations and Management from University of Nordland in the year 2012.

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

Dan Larssen

TITLE
CEO & Director

Tone Hatløy

TITLE
Operations Manager

Kjell Pedersen

TITLE
Technical leader
Board of Directors

Tore Larssen

TITLE
Chairman

Dan Larssen

TITLE
CEO & Director
Who owns this company?
Recent Insider Trading
  • No 3 month individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (NOK) Value (NOK)
25. Jan 19 Sell Tore Larssen Individual 24. Jan 19 24. Jan 19 -17 NOK31.00 NOK-527
09. Jan 19 Sell Tore Larssen Individual 09. Jan 19 09. Jan 19 -30 NOK31.00 NOK-930
04. Dec 18 Sell Tore Larssen Individual 03. Dec 18 03. Dec 18 -33 NOK31.00 NOK-1,023
20. Nov 18 Sell Tore Larssen Individual 30. Oct 18 30. Oct 18 -35 NOK31.00 NOK-1,085
31. Oct 18 Sell Tore Larssen Individual 30. Oct 18 30. Oct 18 -60 NOK31.00 NOK-1,860
31. Oct 18 Sell Tore Larssen Individual 30. Oct 18 30. Oct 18 -60 NOK31.00 NOK-1,860
30. Oct 18 Sell Tore Larssen Individual 29. Oct 18 29. Oct 18 -30 NOK31.00 NOK-930
12. Oct 18 Sell Tore Larssen Individual 12. Oct 18 12. Oct 18 -60 NOK31.00 NOK-1,860
11. Oct 18 Sell Tore Larssen Individual 10. Oct 18 10. Oct 18 -2 NOK31.00 NOK-62
X
Management checks
We assess Atlantic Lumpus'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. Atlantic Lumpus 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.

ATLU-ME News

Simply Wall St News

Why Atlantic Lumpus AS (OB:ATLU-ME) Is An Attractive Investment To Consider

In the case of Atlantic Lumpus AS (OB:ATLU-ME), there's is a company with a a great history of performance, trading at a great value. … According to my intrinsic value of the stock, which is driven by analyst consensus forecast of ATLU-ME's earnings, investors now have the opportunity to buy into the stock to reap capital gains. … OB:ATLU-ME Income Statement, May 29th 2019 Next Steps: For Atlantic Lumpus, I've put together three fundamental factors you should look at: Future Outlook: What are well-informed industry analysts predicting for ATLU-ME’s future growth?

Simply Wall St -

Do Directors Own Atlantic Lumpus AS (OB:ATLU-ME) Shares?

If you want to know who really controls Atlantic Lumpus AS (OB:ATLU-ME), then you'll have to look at the makeup of its share registry. … As Nassim Nicholas Taleb said, 'Don’t tell me what you think, tell me what you have in your portfolio.'. … With a market capitalization of øre79m, Atlantic Lumpus is a small cap stock, so it might not be well known by many institutional investors.

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Should Atlantic Lumpus (OB:ATLU-ME) Be Disappointed With Their 30% Profit?

We think revenue is probably a better guide. … Many high growth companies focus on growing revenue before profits, but if revenue is the focus, it really needs to grow. … As you can imagine, it's easy to imagine a fast growing company becoming (potentially very) profitable, but when revenue growth slows, then the potential upside often seems less impressive.

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Are Atlantic Lumpus AS's (OB:ATLU-ME) Interest Costs Too High?

Investors are always looking for growth in small-cap stocks like Atlantic Lumpus AS (OB:ATLU-ME), with a market cap of øre110.88m. … However, an important fact which most ignore is: how financially healthy is the business? … since poor capital management may bring about bankruptcies,

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Is Atlantic Lumpus AS (OB:ATLU-ME) A Sell At Its Current PE Ratio?

Formula Price-Earnings Ratio = Price per share ÷ Earnings per share P/E Calculation for ATLU-ME Price per share = NOK28.8 Earnings per share = NOK1.763 ∴ Price-Earnings Ratio = NOK28.8 ÷ NOK1.763 = 16.3x The P/E ratio isn’t a metric you view in isolation and only becomes useful when you compare it against other similar companies. … For example, if you inadvertently compared riskier firms with ATLU-ME, then investors would naturally value ATLU-ME at a higher price since it is a less risky investment. … Similarly, if you accidentally compared lower growth firms with ATLU-ME, investors would also value ATLU-ME at a higher price since it is a higher growth investment.

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What You Must Know About Atlantic Lumpus AS's (OB:ATLU-ME) Financial Strength

Moreover, ATLU-ME has produced ØRE3.67M in operating cash flow over the same time period, leading to an operating cash to total debt ratio of 16.39%, meaning that ATLU-ME’s debt is not appropriately covered by operating cash. … Looking at ATLU-ME’s most recent ØRE21.97M liabilities, the company is not able to meet these obligations given the level of current assets of ØRE9.66M, with a current ratio of 0.44x below the prudent level of 3x. … In ATLU-ME's, case, the ratio of 4.44x suggests that interest is appropriately covered, which means that lenders may be less hesitant to lend out more funding as ATLU-ME’s high interest coverage is seen as responsible and safe practice.Next Steps: With a high level of debt on its balance sheet, ATLU-ME could still be in a financially strong position if its cash flow also stacked up.

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Did Atlantic Lumpus AS (OB:ATLU-ME) Create Value For Shareholders?

Check out our latest analysis for Atlantic Lumpus Breaking down Return on Equity Return on Equity (ROE) weighs Atlantic Lumpus’s profit against the level of its shareholders’ equity. … This is called the Dupont Formula: Dupont Formula ROE = profit margin × asset turnover × financial leverage ROE = (annual net profit ÷ sales) × (sales ÷ assets) × (assets ÷ shareholders’ equity) ROE = annual net profit ÷ shareholders’ equity OB:ATLU-ME Last Perf Apr 27th 18 The first component is profit margin, which measures how much of sales is retained after the company pays for all its expenses. … The most recent ratio is 184.84%, which is relatively high, indicating Atlantic Lumpus’s above-average ROE is generated by its high leverage and its ability to grow profit hinges on a sizeable debt burden.

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ATLU-ME Company Info

Description

Atlantic Lumpus AS engages in farming Cyclopterus Lumpu fish in Norway. The company’s Cyclopterus Lumpu fish are used as cleaning fish in the salmon fish farming industry. Atlantic Lumpus AS is based in Lurøy, Norway.

Details
Name: Atlantic Lumpus AS
ATLU-ME
Exchange: OB
Founded:
NOK66,600,000
3,600,000
Website: http://www.atlanticlumpus.no
Address: Atlantic Lumpus AS
Industriveien 6,
Sleneset,
Lurøy,
Nordland, 8762,
Norway
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
OB ATLU-ME Ordinary Shares Oslo Bors NO NOK 13. Jan 2016
Number of employees
Current staff
Staff numbers
0
Atlantic Lumpus employees.
Industry
Agricultural Products
Food, Beverage & Tobacco
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/07/24 22:11
End of day share price update: 2019/07/16 00:00
Last earnings filing: 2019/06/17
Last earnings reported: 2018/12/31
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.