EIK FASTEIGNAFÉLAG HF. |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 10.2 ISK | +2.00% |
|
+2.00% | -12.82% |
| Feb. 15 | Eik fasteignafélag Hf. Proposes Dividend for the Year 2023 | CI |
| Feb. 15 | Eik fasteignafélag hf. Provides Guidance for the Year 2024 | CI |
Valuation
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Capitalization 1 | 28,615 | 28,167 | 31,658 | 42,005 | 40,298 | 39,956 |
| Enterprise Value (EV) 1 | 84,906 | 88,149 | 94,024 | 105,877 | 110,064 | 117,287 |
| P/E ratio | 11.4 x | 9.53 x | 37.4 x | 8.52 x | 5.04 x | 6.83 x |
| Yield | 3.49% | - | 2.05% | 4.15% | 5% | - |
| Capitalization / Revenue | 3.53 x | 3.29 x | 4.19 x | 5.45 x | 4.71 x | 4.2 x |
| EV / Revenue | 10.5 x | 10.3 x | 12.4 x | 13.7 x | 12.9 x | 12.3 x |
| EV / EBITDA | 16.3 x | 15.8 x | 17.4 x | 18.8 x | 16.7 x | 16.1 x |
| EV / FCF | 40.9 x | 49.9 x | 66 x | 39.7 x | 47.2 x | 40.4 x |
| FCF Yield | 2.44% | 2% | 1.51% | 2.52% | 2.12% | 2.47% |
| Price to Book | 0.93 x | 0.87 x | 0.95 x | 1.12 x | 0.92 x | 0.82 x |
| Nbr of stocks (in thousands) | 3,447,580 | 3,422,497 | 3,415,063 | 3,415,063 | 3,415,063 | 3,415,063 |
| Reference price 2 | 8.300 | 8.230 | 9.270 | 12.30 | 11.80 | 11.70 |
| Announcement Date | 3/7/19 | 3/10/20 | 3/2/21 | 2/17/22 | 2/28/23 | 2/15/24 |
1ISK in Million2ISK
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net sales 1 | 8,108 | 8,564 | 7,562 | 7,712 | 8,562 | 9,514 |
| EBITDA 1 | 5,218 | 5,562 | 5,414 | 5,646 | 6,608 | 7,280 |
| EBIT 1 | 5,099 | 5,431 | 5,271 | 5,511 | 6,470 | 7,123 |
| Operating Margin | 62.89% | 63.42% | 69.7% | 71.46% | 75.57% | 74.87% |
| Earnings before Tax (EBT) 1 | 2,997 | 3,716 | 1,076 | 6,167 | 10,005 | 7,318 |
| Net income 1 | 2,515 | 2,968 | 846 | 4,933 | 8,001 | 5,853 |
| Net margin | 31.02% | 34.66% | 11.19% | 63.97% | 93.45% | 61.52% |
| EPS 2 | 0.7277 | 0.8635 | 0.2476 | 1.445 | 2.343 | 1.714 |
| Free Cash Flow 1 | 2,075 | 1,765 | 1,424 | 2,668 | 2,334 | 2,903 |
| FCF margin | 25.59% | 20.61% | 18.83% | 34.59% | 27.26% | 30.51% |
| FCF Conversion (EBITDA) | 39.76% | 31.73% | 26.3% | 47.25% | 35.32% | 39.87% |
| FCF Conversion (Net income) | 82.49% | 59.47% | 168.28% | 54.08% | 29.17% | 49.59% |
| Dividend per Share 2 | 0.2900 | - | 0.1900 | 0.5100 | 0.5900 | - |
| Announcement Date | 3/7/19 | 3/10/20 | 3/2/21 | 2/17/22 | 2/28/23 | 2/15/24 |
1ISK in Million2ISK
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net Debt 1 | 56,291 | 59,982 | 62,366 | 63,872 | 69,766 | 77,331 |
| Net Cash position 1 | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 10.79 x | 10.78 x | 11.52 x | 11.31 x | 10.56 x | 10.62 x |
| Free Cash Flow 1 | 2,075 | 1,765 | 1,424 | 2,668 | 2,334 | 2,903 |
| ROE (net income / shareholders' equity) | 8.36% | 9.36% | 2.57% | 14% | 19.7% | 12.6% |
| ROA (Net income/ Total Assets) | 3.39% | 3.41% | 3.16% | 3.12% | 3.32% | 3.29% |
| Assets 1 | 74,114 | 87,140 | 26,791 | 158,246 | 240,979 | 177,676 |
| Book Value Per Share 2 | 8.940 | 9.510 | 9.720 | 11.00 | 12.80 | 14.40 |
| Cash Flow per Share 2 | 0.5300 | 0.5400 | 0.5600 | 0.9700 | 0.8700 | 0.2900 |
| Capex | - | - | 106 | 100 | 65 | 40 |
| Capex / Sales | - | - | 1.4% | 1.3% | 0.76% | 0.42% |
| Announcement Date | 3/7/19 | 3/10/20 | 3/2/21 | 2/17/22 | 2/28/23 | 2/15/24 |
1ISK in Million2ISK
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Change in Enterprise Value/EBITDA
Annual profits - Rate of surprise
| 1st Jan change | Capi. | |
|---|---|---|
| -12.82% | 249M | |
| +36.16% | 27.94B | |
| -13.74% | 26.97B | |
| +25.00% | 26.95B | |
| -0.71% | 25.32B | |
| +44.49% | 22.58B | |
| +2.78% | 19.59B | |
| +1.45% | 19.52B | |
| +28.54% | 16.23B | |
| -14.80% | 14.98B |
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