Fifax: Ramping up the fish stock may take longer than expected
Fifax’s H2 results were practically in line with our expectations. However, the fish stock increase was lower than we anticipated, which led us to cut our estimates for 2022. The negative cash flows in the coming years bury part of the long-term potential, which is why the expected return appears weak to us.
Fifax
Fifax is active in fish farming. The company operates, via its own production facilities, breeding and resale of fish. Most of the range consists of rainbow salmon. The company operates worldwide, with the largest presence in the Nordic region. The customers consist of wholesalers, retailers, and small and medium-sized companies in the restaurant industry. Fifax was founded in 2012 and is headquartered in Finland.
Read more on company pageKey Estimate Figures20.12.2021
2020 | 21e | 22e | |
---|---|---|---|
Omsætning | 1,2 | 1,4 | 5,9 |
vækst-% | 77,18 % | 8,86 % | 336,85 % |
EBIT (adj.) | -7,3 | -9,7 | -6,1 |
EBIT-% (adj.) | -586,96 % | -718,12 % | -103,68 % |
EPS (adj.) | -0,49 | -0,26 | |
Udbytte | 0,00 | 0,00 | 0,00 |
Udbytte % | |||
P/E (adj.) | - | - | - |
EV/EBITDA | - | - | - |