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Austevoll Seafood

OB:AUSS
Snowflake Description

Very undervalued with flawless balance sheet and pays a dividend.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
AUSS
OB
NOK18B
Market Cap
  1. Home
  2. NO
  3. Food, Beverage & Tobacco
Company description

Austevoll Seafood ASA, a seafood company, engages in the salmon, white fish, and pelagic businesses in Norway, Europe, Asia, the United States, and South America. The last earnings update was 24 days ago. More info.


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AUSS Share Price and Events
7 Day Returns
-5.7%
OB:AUSS
-4.8%
NO Food
2.6%
NO Market
1 Year Returns
-24.7%
OB:AUSS
3.4%
NO Food
-9.1%
NO Market
AUSS Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Austevoll Seafood (AUSS) -5.7% -4% 1.6% -24.7% 36% 112.3%
NO Food -4.8% -6.4% 1.7% 3.4% 41.6% 115.5%
NO Market 2.6% 8% 2.6% -9.1% 31.3% 13.2%
1 Year Return vs Industry and Market
  • AUSS underperformed the Food industry which returned 3.4% over the past year.
  • AUSS underperformed the Market in Norway which returned -9.1% over the past year.
Price Volatility
AUSS
Industry
5yr Volatility vs Market
Related Companies

Value

 Is Austevoll Seafood 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 Austevoll Seafood 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 Austevoll Seafood.

OB:AUSS Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 6 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 6.8%
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:AUSS
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 0.55
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.546 (1 + (1- 23%) (55.87%))
0.853
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.85
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 1.76% + (0.853 * 5.96%)
6.84%

Discounted Cash Flow Calculation for OB:AUSS using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Austevoll Seafood 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.

OB:AUSS DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (NOK, Millions) Source Present Value
Discounted (@ 6.84%)
2020 2,481.00 Analyst x4 2,322.06
2021 3,643.00 Analyst x3 3,191.18
2022 4,553.09 Est @ 24.98% 3,732.87
2023 5,373.33 Est @ 18.02% 4,123.13
2024 6,079.32 Est @ 13.14% 4,366.00
2025 6,670.53 Est @ 9.73% 4,483.69
2026 7,159.85 Est @ 7.34% 4,504.27
2027 7,565.31 Est @ 5.66% 4,454.44
2028 7,905.14 Est @ 4.49% 4,356.34
2029 8,195.45 Est @ 3.67% 4,226.99
Present value of next 10 years cash flows NOK39,760.00
OB:AUSS DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= NOK8,195.45 × (1 + 1.76%) ÷ (6.84% – 1.76%)
NOK164,005.83
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= NOK164,005.83 ÷ (1 + 6.84%)10
NOK84,589.68
OB:AUSS Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= NOK39,760.00 + NOK84,589.68
NOK124,349.68
Equity Value per Share
(NOK)
= Total value / Shares Outstanding
= NOK124,349.68 / 201.82
NOK616.13
OB:AUSS Discount to Share Price
Calculation Result
Value per share (NOK) From above. NOK616.13
Current discount Discount to share price of NOK87.05
= -1 x (NOK87.05 - NOK616.13) / NOK616.13
85.9%

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

Current Discount
Amount off the current price Austevoll Seafood is available for.
Intrinsic value
>50%
Share price is NOK87.05 vs Future cash flow value of NOK616.13
Current Discount Checks
For Austevoll Seafood to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Austevoll Seafood's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Austevoll Seafood'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 Austevoll Seafood's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Austevoll Seafood's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
OB:AUSS PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-06-30) in NOK NOK7.41
OB:AUSS Share Price ** OB (2019-09-13) in NOK NOK87.05
Norway Food Industry PE Ratio Median Figure of 9 Publicly-Listed Food Companies 15.79x
Norway Market PE Ratio Median Figure of 149 Publicly-Listed Companies 13.32x

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

** Primary Listing of Austevoll Seafood.

OB:AUSS PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

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

= 87.05 ÷ 7.41

11.75x

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

  • Austevoll Seafood is good value based on earnings compared to the NO Food industry average.
  • Austevoll Seafood is good value based on earnings compared to the Norway market.
Price based on expected Growth
Does Austevoll Seafood's expected growth come at a high price?
Raw Data
OB:AUSS PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 11.75x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 6 Analysts
16.5%per year
Norway Food Industry PEG Ratio Median Figure of 9 Publicly-Listed Food Companies 0.94x
Norway Market PEG Ratio Median Figure of 110 Publicly-Listed Companies 0.72x

*Line of best fit is calculated by linear regression .

OB:AUSS PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 11.75x ÷ 16.5%

0.71x

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

  • Austevoll Seafood is good value based on expected growth next year.
Price based on value of assets
What value do investors place on Austevoll Seafood's assets?
Raw Data
OB:AUSS PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-06-30) in NOK NOK58.32
OB:AUSS Share Price * OB (2019-09-13) in NOK NOK87.05
Norway Food Industry PB Ratio Median Figure of 11 Publicly-Listed Food Companies 3.57x
Norway Market PB Ratio Median Figure of 238 Publicly-Listed Companies 1.13x
OB:AUSS PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 87.05 ÷ 58.32

1.49x

* Primary Listing of Austevoll Seafood.

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

  • Austevoll Seafood is good value based on assets compared to the NO Food industry average.
X
Value checks
We assess Austevoll Seafood'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. Austevoll Seafood has a total score of 6/6, 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 Austevoll Seafood expected to perform in the next 1 to 3 years based on estimates from 6 analysts?

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

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
16.5%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Austevoll Seafood expected to grow at an attractive rate?
  • Austevoll Seafood's earnings growth is expected to exceed the low risk savings rate of 1.8%.
Growth vs Market Checks
  • Austevoll Seafood's earnings growth is expected to exceed the Norway market average.
  • Austevoll Seafood's revenue growth is positive but not above the Norway market average.
Annual Growth Rates Comparison
Raw Data
OB:AUSS Future Growth Rates Data Sources
Data Point Source Value (per year)
OB:AUSS Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 6 Analysts 16.5%
OB:AUSS Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 6 Analysts 3.2%
Norway Food Industry Earnings Growth Rate Market Cap Weighted Average 13%
Norway Food Industry Revenue Growth Rate Market Cap Weighted Average 6.1%
Norway Market Earnings Growth Rate Market Cap Weighted Average 15.1%
Norway Market Revenue Growth Rate Market Cap Weighted Average 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
OB:AUSS Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 6 Analyst Estimates (S&P Global) See Below
All numbers in NOK Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
OB:AUSS Future Estimates Data
Date (Data in NOK Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2022-12-31 25,920 2,812 1
2021-12-31 26,104 4,593 2,578 5
2020-12-31 25,003 4,448 2,227 6
2019-12-31 24,588 3,522 1,855 5
2019-09-14
OB:AUSS Past Financials Data
Date (Data in NOK Millions) Revenue Cash Flow Net Income *
2019-06-30 22,518 2,923 1,496
2019-03-31 22,440 2,397 1,737
2018-12-31 22,630 3,162 2,299
2018-09-30 21,872 3,045 1,923
2018-06-30 21,457 3,557 1,791
2018-03-31 20,475 3,515 1,725
2017-12-31 20,797 4,220 1,009
2017-09-30 21,320 4,076 1,980
2017-06-30 21,029 3,478 1,975
2017-03-31 20,568 4,242 1,483
2016-12-31 18,905 3,300 1,645
2016-09-30 17,377 2,511 1,136

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Austevoll Seafood's earnings are expected to grow by 16.5% yearly, however this is not considered high growth (20% yearly).
  • Austevoll Seafood's revenue is expected to grow by 3.2% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
OB:AUSS Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 6 Analyst Estimates (S&P Global) See Below

All data from Austevoll Seafood Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OB:AUSS Future Estimates Data
Date (Data in NOK Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2022-12-31 13.87 13.87 13.87 1.00
2021-12-31 12.73 15.18 9.80 5.00
2020-12-31 10.99 13.13 8.64 6.00
2019-12-31 9.15 9.98 7.89 6.00
2019-09-14
OB:AUSS Past Financials Data
Date (Data in NOK Millions) EPS *
2019-06-30 7.41
2019-03-31 8.61
2018-12-31 11.39
2018-09-30 9.52
2018-06-30 8.87
2018-03-31 8.53
2017-12-31 5.00
2017-09-30 9.81
2017-06-30 9.78
2017-03-31 7.37
2016-12-31 8.17
2016-09-30 5.66

*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.
  • Austevoll Seafood is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Austevoll Seafood'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.
Austevoll Seafood has a total score of 2/6, 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 Austevoll Seafood 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 Austevoll Seafood'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.
  • Austevoll Seafood has delivered over 20% year on year earnings growth in the past 5 years.
  • Austevoll Seafood's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Austevoll Seafood's 1-year earnings growth is negative, it can't be compared to the NO Food industry average.
Earnings and Revenue History
Austevoll Seafood'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 Austevoll Seafood Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OB:AUSS Past Revenue, Cash Flow and Net Income Data
Date (Data in NOK Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-06-30 22,518.20 1,495.60 3,322.82
2019-03-31 22,440.12 1,737.02 3,279.73
2018-12-31 22,630.00 2,299.00 3,195.00
2018-09-30 21,871.82 1,922.72 3,112.01
2018-06-30 21,457.38 1,790.72 3,029.04
2018-03-31 20,475.20 1,724.52 2,954.57
2017-12-31 20,797.00 1,009.00 2,905.00
2017-09-30 21,320.06 1,979.82 2,881.08
2017-06-30 21,028.68 1,974.58 2,733.93
2017-03-31 20,567.72 1,483.40 2,511.90
2016-12-31 18,905.00 1,645.00 2,230.00
2016-09-30 17,376.94 1,136.38 1,992.43
2016-06-30 16,556.84 1,145.80 1,909.57
2016-03-31 16,106.41 1,111.13 1,878.46
2015-12-31 15,240.00 722.00 1,797.00
2015-09-30 15,033.43 616.45 1,749.40
2015-06-30 14,633.48 489.35 1,696.94
2015-03-31 14,131.84 438.48 1,644.23
2014-12-31 14,228.00 555.00 1,607.00
2014-09-30 14,395.97 802.50 1,625.63
2014-06-30 14,287.65 803.97 1,582.11
2014-03-31 13,430.05 811.76 1,521.21
2013-12-31 12,542.71 937.49 1,477.97
2013-09-30 11,542.97 579.75 1,346.54
2013-06-30 11,117.07 562.99 1,324.06
2013-03-31 10,961.41 413.03 1,331.88
2012-12-31 11,195.77 366.52 1,384.05
2012-09-30 10,916.55 246.54 1,426.58

*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.
  • Austevoll Seafood has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Austevoll Seafood used its assets less efficiently than the NO Food industry average last year based on Return on Assets.
  • Austevoll Seafood's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Austevoll Seafood'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.
Austevoll Seafood 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 Austevoll Seafood'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 Austevoll Seafood's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Austevoll Seafood is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Austevoll Seafood's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Austevoll Seafood'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 1.7x 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 Austevoll Seafood Company Filings, last reported 2 months ago.

OB:AUSS Past Debt and Equity Data
Date (Data in NOK Millions) Total Equity Total Debt Cash & Short Term Investments
2019-06-30 22,473.67 8,423.18 3,295.26
2019-03-31 23,002.93 8,462.84 4,165.48
2018-12-31 22,454.00 7,209.00 4,393.00
2018-09-30 21,849.06 8,897.07 4,461.67
2018-06-30 21,265.78 9,503.03 4,846.18
2018-03-31 20,912.27 9,450.37 5,750.37
2017-12-31 19,172.00 8,176.00 5,075.00
2017-09-30 19,165.51 9,011.63 4,600.14
2017-06-30 19,053.07 9,216.79 4,047.52
2017-03-31 18,598.31 8,533.54 4,431.62
2016-12-31 18,213.00 8,355.00 3,745.00
2016-09-30 16,971.84 8,184.96 3,434.22
2016-06-30 16,004.78 6,865.23 4,978.81
2016-03-31 15,043.23 6,981.36 3,752.66
2015-12-31 13,611.00 6,416.00 2,470.00
2015-09-30 12,723.63 6,800.48 2,420.08
2015-06-30 12,132.25 6,777.79 2,218.19
2015-03-31 12,571.29 6,119.12 2,151.98
2014-12-31 12,360.00 5,624.00 2,198.00
2014-09-30 10,597.34 5,632.15 1,990.69
2014-06-30 10,506.72 5,169.04 1,581.16
2014-03-31 10,704.19 5,043.63 1,884.61
2013-12-31 11,464.20 6,096.81 1,443.31
2013-09-30 9,698.06 6,396.32 1,866.59
2013-06-30 9,921.04 6,928.33 1,824.76
2013-03-31 10,021.78 6,933.84 2,258.91
2012-12-31 9,399.81 5,490.07 2,162.26
2012-09-30 9,127.05 5,907.76 2,128.64
  • Austevoll Seafood's level of debt (37.5%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (43.5% vs 37.5% today).
  • Debt is well covered by operating cash flow (34.7%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 10.1x coverage).
X
Financial health checks
We assess Austevoll Seafood'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. Austevoll Seafood has a total score of 6/6, 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 Austevoll Seafood'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
4.02%
Current annual income from Austevoll Seafood dividends. Estimated to be 4.87% next year.
If you bought NOK2,000 of Austevoll Seafood shares you are expected to receive NOK80 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?
  • Austevoll Seafood's pays a higher dividend yield than the bottom 25% of dividend payers in Norway (2.49%).
  • Austevoll Seafood's dividend is below the markets top 25% of dividend payers in Norway (6.47%).
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:AUSS 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 6 Analyst Estimates (S&P Global) See Below
Norway Food Industry Average Dividend Yield Market Cap Weighted Average of 9 Stocks 4.2%
Norway Market Average Dividend Yield Market Cap Weighted Average of 115 Stocks 4.5%
Norway Minimum Threshold Dividend Yield 10th Percentile 1.5%
Norway Bottom 25% Dividend Yield 25th Percentile 2.5%
Norway Top 25% Dividend Yield 75th Percentile 6.5%

Industry and Market average data is calculated daily.

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

OB:AUSS Future Dividends Estimate Data
Date (Data in NOK) Dividend per Share (annual) Avg. No. Analysts
2022-12-31 2.50 1.00
2021-12-31 4.80 5.00
2020-12-31 4.30 6.00
2019-12-31 3.96 5.00
2019-09-14
OB:AUSS Past Annualized Dividends Data
Date (Data in NOK) Dividend per share (annual) Avg. Yield (%)
2019-04-12 3.500 3.722
2018-04-19 2.800 2.557
2017-04-24 2.500 3.399
2016-04-21 7.000 9.803
2015-04-30 2.000 3.965
2015-02-24 2.000 4.496
2014-04-30 1.600 3.844
2014-02-25 1.600 4.475
2013-04-30 1.200 3.421
2012-04-27 1.000 3.724
2012-02-23 1.000 4.566
2011-02-23 1.500 5.572
2010-04-29 1.200 2.950
2010-02-25 1.200 2.641
2009-11-12 0.000 0.000
2009-10-15 0.000 0.000
2009-08-19 0.000 0.000
2009-05-15 0.000 0.000
2009-04-15 0.000 0.000
2009-03-02 0.000 0.000

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

  • Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of Austevoll Seafood's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (2.1x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (3.6x coverage).
X
Income/ dividend checks
We assess Austevoll Seafood's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.5%) - 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 Austevoll Seafood afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Austevoll Seafood has a total score of 4/6, 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 Austevoll Seafood'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
Arne Møgster
COMPENSATION NOK1,777,000
AGE 44
TENURE AS CEO 13.7 years
CEO Bio

Mr. Arne Møgster has been the Chief Executive Officer of Austevoll Seafood ASA since 2006 and serves as its President. Mr. Møgster has been working in subsidiaries of LACO AS since 1997. He has experience from the fishing, shipbuilding and offshore supply market. He served as Managing Director of Norskan AS since 2003. He serves as the Chairman of board at Austral Group S.A.A. He has been a Director of Lerøy Seafood Group Asa since May 26, 2009. He has been Director of Havfisk ASA since October 3, 2016. Mr. Møgster holds a Bachelor degree in Business Administration from the Norwegian School of Management (BI) and an MSc in International Shipping.

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

Average tenure and age of the Austevoll Seafood management team in years:

23.7
Average Tenure
56
Average Age
  • The average tenure for the Austevoll Seafood management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Arne Møgster

TITLE
CEO & President
COMPENSATION
NOK2M
AGE
44
TENURE
13.7 yrs

Britt Drivenes

TITLE
Chief Financial Officer
COMPENSATION
NOK1M
AGE
56
TENURE
23.7 yrs

Tom Tynan

TITLE
Chief Operating Officer

Tore Mohn

TITLE
Director of Legal Affairs
AGE
69

Erling Møgster

TITLE
Chief Operating Officer of South America operations
AGE
56

Esteban Urcelay

TITLE
Chief Executive Officer of Foodcorp SA (Chile)
AGE
66
TENURE
35.7 yrs

Arne Stang

TITLE
Chief Executive Officer of Welcon Invest AS
AGE
71

Adriana Carmen Giudice Alva

TITLE
Chief Executive Officer of Austral Group Saa (Peru)
AGE
56

Henning Beltestad

TITLE
Chief Executive Officer of Lerøy Seafood Group ASA
AGE
51

Andres Daroch

TITLE
Chief Financial Officer of South America Operations
AGE
59
Board of Directors Tenure

Average tenure and age of the Austevoll Seafood board of directors in years:

7.3
Average Tenure
54
Average Age
  • The tenure for the Austevoll Seafood board of directors is about average.
Board of Directors

Helge Singelstad

TITLE
Chairman of the Board
AGE
56
TENURE
9.3 yrs

Oddvar Skjegstad

TITLE
Deputy Chairman
COMPENSATION
NOK156K
AGE
68
TENURE
9.3 yrs

Helge Møgster

TITLE
Member of the Board
COMPENSATION
NOK150K
AGE
66
TENURE
38.4 yrs

Lill Møgster

TITLE
Member of the Board
AGE
35
TENURE
7.3 yrs

Siren Grønhaug

TITLE
Member of the Board
AGE
54
TENURE
5.3 yrs

Eirik Melingen

TITLE
Member of the Board
AGE
31
TENURE
2.3 yrs

Hege Bakken

TITLE
Member of the Board
AGE
46
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 (NOK) Value (NOK)
X
Management checks
We assess Austevoll Seafood'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. Austevoll Seafood 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

Based On Its ROE, Is Austevoll Seafood ASA (OB:AUSS) A High Quality Stock?

The formula for ROE is: Return on Equity = Net Profit ÷ Shareholders' Equity Or for Austevoll Seafood: 11% = kr1.5b ÷ kr22b (Based on the trailing twelve months to June 2019.) Most readers would understand what net profit is, but it’s worth explaining the concept of shareholders’ equity. … Does Austevoll Seafood Have A Good ROE? … Austevoll Seafood's Debt And Its 11% ROE Although Austevoll Seafood does use debt, its debt to equity ratio of 0.37 is still low.

Simply Wall St -

What Should Investors Know About The Future Of Austevoll Seafood ASA's (OB:AUSS)?

I've plotted out each year's earnings expectations and inserted a line of best fit to calculate an annual growth rate from the slope in order to understand the overall trajectory of AUSS's earnings growth over these next few years. … OB:AUSS Past and Future Earnings, August 20th 2019 This results in an annual growth rate of 11% based on the most recent earnings level of kr2.3b to the final forecast of kr3.3b by 2022. … The intrinsic value infographic in our free research report helps visualize whether Austevoll Seafood is currently mispriced by the market.

Simply Wall St -

How Do Austevoll Seafood ASA’s (OB:AUSS) Returns Compare To Its Industry?

Analysts use this formula to calculate return on capital employed: Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities) Or for Austevoll Seafood: 0.096 = kr3.3b ÷ (kr39b - kr4.8b) (Based on the trailing twelve months to March 2019.) Therefore, Austevoll Seafood has an ROCE of 9.6%. … Check out our latest analysis for Austevoll Seafood Is Austevoll Seafood's ROCE Good? … Austevoll Seafood's Current Liabilities And Their Impact On Its ROCE Short term (or current) liabilities, are things like supplier invoices, overdrafts, or tax bills that need to be paid within 12 months.

Simply Wall St -

Is Austevoll Seafood (OB:AUSS) Using Too Much Debt?

Check out our latest analysis for Austevoll Seafood What Is Austevoll Seafood's Net Debt? … OB:AUSS Historical Debt, August 1st 2019 How Healthy Is Austevoll Seafood's Balance Sheet? … In the last three years, Austevoll Seafood's free cash flow amounted to 39% of its EBIT, less than we'd expect.

Simply Wall St -

Have Investors Priced In Austevoll Seafood ASA's (OB:AUSS) Growth?

Austevoll Seafood ASA (OB:AUSS) closed yesterday at NOK97, which left some investors asking whether the high earnings potential can still be justified at this price. … But, since Austevoll Seafood is a high-growth stock, we must also account for its earnings growth by using calculation called the PEG ratio. … A PE ratio of 11.26x and expected year-on-year earnings growth of 11% give Austevoll Seafood an acceptable PEG ratio of 1.03x.

Simply Wall St -

Three Things You Should Check Before Buying Austevoll Seafood ASA (OB:AUSS) For Its Dividend

While Austevoll Seafood's dividends were covered by the company's reported profits, free cash flow is somewhat more important, so it's not great to see that the company didn't generate enough cash to pay its dividend. … Were it to repeatedly pay dividends that were not well covered by cash flow, this could be a risk to Austevoll Seafood's ability to maintain its dividend. … First, we like Austevoll Seafood's low dividend payout ratio, although we're a bit concerned that it paid out a substantially higher percentage of its free cash flow.

Simply Wall St -

Where Austevoll Seafood ASA's (OB:AUSS) Earnings Growth Stands Against Its Industry

When Austevoll Seafood ASA (OB:AUSS) announced its most recent earnings (31 March 2019), I did two things: looked at its past earnings track record, then look at what is happening in the industry. … View our latest analysis for Austevoll Seafood Have AUSS's earnings improved against past performances and the industry? … However, this one-year growth rate has been lower than its average earnings growth rate over the past 5 years of 25%, indicating the rate at which AUSS is growing has slowed down.

Simply Wall St -

Here's What Austevoll Seafood ASA's (OB:AUSS) P/E Ratio Is Telling Us

Austevoll Seafood has a price to earnings ratio of 9.95, based on the last twelve months. … Check out our latest analysis for Austevoll Seafood How Do I Calculate Austevoll Seafood's Price To Earnings Ratio? … The formula for P/E is: Price to Earnings Ratio = Share Price ÷ Earnings per Share (EPS) Or for Austevoll Seafood: P/E of 9.95 = NOK85.65 ÷ NOK8.61 (Based on the trailing twelve months to March 2019.) Is A High Price-to-Earnings Ratio Good?

Simply Wall St -

What Kind Of Investor Owns Most Of Austevoll Seafood ASA (OB:AUSS)?

Insider Ownership Of Austevoll Seafood While the precise definition of an insider can be subjective, almost everyone considers board members to be insiders. … Private Company Ownership We can see that Private Companies own 57%, of the shares on issue. … Sometimes insiders have an interest in a public company through a holding in a private company, rather than in their own capacity as an individual.

Simply Wall St -

What does Austevoll Seafood ASA's (OB:AUSS) Balance Sheet Tell Us About Its Future?

Moreover, AUSS has produced cash from operations of øre2.4b in the last twelve months, leading to an operating cash to total debt ratio of 24%, indicating that AUSS’s current level of operating cash is high enough to cover debt. … Looking at AUSS’s øre4.8b in current liabilities, the company has maintained a safe level of current assets to meet its obligations, with the current ratio last standing at 3.13x. … Next Steps: Although AUSS’s debt level is towards the higher end of the spectrum, its cash flow coverage seems adequate to meet obligations which means its debt is being efficiently utilised.

Simply Wall St -

Company Info

Description

Austevoll Seafood ASA, a seafood company, engages in the salmon, white fish, and pelagic businesses in Norway, Europe, Asia, the United States, and South America. The company is involved in the ownership and operation of fishing vessels, as well as harvesting, processing, sale, and distribution of salmon and trout. It also produces white fish products, fishmeals, and fish oils; omega-3 oil; and canned and frozen fish products The company was founded in 1981 and is headquartered in Storebø, Norway. Austevoll Seafood ASA is a subsidiary of Laco AS.

Details
Name: Austevoll Seafood ASA
AUSS
Exchange: OB
Founded: 1981
NOK17,568,785,641
201,824,074
Website: http://www.auss.no
Address: Austevoll Seafood ASA
Alfabygget,
Storebø,
Hordaland, 5392,
Norway
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
OB AUSS Ordinary Shares Oslo Bors NO NOK 08. Jun 2006
OTCPK ASTV.F Ordinary Shares Pink Sheets LLC US USD 08. Jun 2006
DB Z85 Ordinary Shares Deutsche Boerse AG DE EUR 08. Jun 2006
LSE 0DNW Ordinary Shares London Stock Exchange GB NOK 08. Jun 2006
BATS-CHIXE AUSSO Ordinary Shares BATS 'Chi-X Europe' GB NOK 08. Jun 2006
Number of employees
Current staff
Staff numbers
6,490
Austevoll Seafood employees.
Industry
Packaged Foods and Meats
Food, Beverage & Tobacco
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/09/14 21:23
End of day share price update: 2019/09/13 00:00
Last estimates confirmation: 2019/08/30
Last earnings filing: 2019/08/21
Last earnings reported: 2019/06/30
Last annual earnings reported: 2018/12/31


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

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