Sildarvinnslan Hf.
Buy, Hold or Sell?

I guess you are interested in Sildarvinnslan Hf.. Buy, hold or sell? I don't know! However, I do recommend doing research before doing anything. I will help you with that.

Let's analyse Sildarvinnslan Hf.

Let's start. I'm going to help you getting a better view of Sildarvinnslan Hf.. At the end you don't have to ask anyone for trading advice. You can make your own decision, with more confidence, the odds in your favor, backed by data.

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Company's Financial Health
A deep dive into the books. How are the numbers doing? Is Sildarvinnslan Hf. even making a profit? Is the company skyrocketing? Or is it sinking like the Titanic. The trend is your friend.
Market Valuation
Finally, you now have an insight of how Sildarvinnslan Hf. is doing in the market. If the company is worth buying. The latest step is to find out how other investors value Sildarvinnslan Hf.. The closing price on 2022-08-29 was kr120.00 per share. Is the company over- or underpriced?
Key Performance Indicators
A total overlook on how the company is doing. Based on the (trends in) the key performance indicators.

Sildarvinnslan Hf. Daily Candlestick Chart

Summary

Financial Health

Profitability Details

	Compared to previous year	Compared to industry
The company is making a huge profit.
Using its assets, the company is less efficient in making profit.
Using its investors money, the company is inefficient in making profit.

Operating Efficiency Details

	Compared to previous year	Compared to industry
The company is inefficient in keeping operating costs low.

Liquidity Details

	Compared to previous year	Compared to industry
The company is able to pay all its short-term debts.
The company is just not able to pay all its short-term debts with the most liquid assets.

Solvency Details

	Compared to previous year	Compared to industry
The company is very able to pay all its debts by selling its assets.
The company is very able to pay all its debts with equity.

1.1. Profitability of Sildarvinnslan Hf..

1.1. Profitability

An important factor of a company's health is the profitability.

1.1.1. Net Profit Margin

Measures how much net profit Sildarvinnslan Hf. earns for each kr1 of revenue.

Above 10% is considered healthy but always compare Sildarvinnslan Hf. to the Farm Products industry mean.
A Net Profit Margin of 27.9% means that kr[indicator name=netProfitMargin&period=MRQ&percentage=1 for each kr1 in revenue is generated as profit.

Let's take a look of the Net Profit Margin trends of Sildarvinnslan Hf.:

The MRQ is 27.9%. The company is making a huge profit. +2
The TTM is 26.2%. The company is making a huge profit. +2

Trends

Current period		Compared to		+/-
MRQ	27.9%	TTM	26.2%	+1.6%
TTM	26.2%	YOY	46.9%	-20.7%
TTM	26.2%	5Y	33.1%	-6.9%
5Y	33.1%	10Y	33.1%	0.0%

Compared to industry (Farm Products)

Period	Company	Industry (mean)	+/-
MRQ	27.9%	2.1%	+25.8%
TTM	26.2%	1.6%	+24.6%
YOY	46.9%	2.5%	+44.4%
5Y	33.1%	1.8%	+31.3%
10Y	33.1%	2.1%	+31.0%

Measures how much net profit Sildarvinnslan Hf. earns for each kr1 of revenue.

Revenue is the amount of profit Sildarvinnslan Hf. generates before taxes and all other costs. For example, when you buy a cup of coffee it will cost you kr3. The company does not earn kr3 in profit but also has to pay various costs and taxes to create that cup of coffee. Let's assume the cost of creating a cup of coffee is kr1.5.

The kr3 you pay for a cup of coffee is called revenue.
The kr1.5 that’s left over when all costs to create that cup of coffee (including taxes) are deduced from the revenue is called net profit.

The net profit margin looks at how much net profit Sildarvinnslan Hf. earns for each kr1 in revenue.

How to use net profit margin

Higher profit margin is better (more profit).
Above 10% is considered healthy but always compare Sildarvinnslan Hf. to the Farm Products industry mean.
Can be used to compare companies within the Farm Products industry.

You typically want a high profit margin. This means that for each kr1 in sales, Sildarvinnslan Hf. makes more profit. This shows the investor how efficiently Sildarvinnslan Hf. is operating in general and compared to other companies in the same industry. Sildarvinnslan Hf. operates in the Farm Products industry.

Why do investors use net profit margin in their analysis

It helps investors to determine the efficiency of Sildarvinnslan Hf.. If profit margins remain low (compared to the Farm Products industry mean) and there are no improvements to make in production costs or other areas that might be a warning sign. If profit margins are high that means the company has low overhead costs and is efficiently using its resources to generate profit.

The three steps every investor should look at:

What is the current net profit margin?
The current most recent quarter (MRQ) Net Profit Margin of Sildarvinnslan Hf. is 0.28. This means that Sildarvinnslan Hf. earned kr0.28 for each kr1 in revenue in the most recent quarter.
How does it compare to the industry?
The mean MRQ Net Profit Margin of the Farm Products industry is 2.1%.
What is the trend?
The trend is important because it shows you how Sildarvinnslan Hf. is performing over time. The most recent quarter might be important if Sildarvinnslan Hf. released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for Sildarvinnslan Hf. up to 10 years back (depending if the company existed 10 years ago) when you exit this learning section.

Things to be aware of

Only compare Sildarvinnslan Hf. with other companies in the same industry (Farm Products).
Net profit margin should rise over the years.
Can be influenced when Sildarvinnslan Hf. sells assets (profit will increase while costs remain the same).
It won’t show what part of Sildarvinnslan Hf. is doing great or needs improvement (it only looks at total revenue and total net income).

How to calculate net profit margin

Net profit margin = net income / total revenue * 100%

Real example of Sildarvinnslan Hf.

You need the following data to determine net profit margin:

Income statement from the period you want to calculate (for example, MRQ or TTM).

Net income MRQ Sildarvinnslan Hf. = 18,697
Total revenue MRQ Sildarvinnslan Hf. = 67,088
kr18,697 / kr67,088 = 0.28 or 27.9%

Higher is better

The higher the net profit margin, the more efficient the company is generating income. This helps investors to determine how the company is managing money. The net profit margin is an important indicator when diving into the financial health of a company. Overall, you want to see the net profit margin rising over the years. That means the company improved their production and made it more efficient (if possible).

You can use the net profit margin to compare companies within the same industry. If there are two companies where one is much bigger but the smaller one has a higher net profit margin, that means the smaller company is more efficiently using operational costs.

Important: Profit margins can be very different between industries. Companies with assembly lines or transports are much more prone to see shifting in prices for fuel, ingredients and maintenance compared to companies that only provide services. You should never compare net profit margin between different industries.

1.1.2. Return on Assets

Shows how efficient Sildarvinnslan Hf. is using its assets to generate profit.

Above 5% is considered healthy but always compare Sildarvinnslan Hf. to the Farm Products industry mean.
2.6% Return on Assets means that Sildarvinnslan Hf. generated kr0.03 profit for each $1 in assets.

Let's take a look of the Return on Assets trends of Sildarvinnslan Hf.:

The MRQ is 2.6%. Using its assets, the company is less efficient in making profit.
The TTM is 3.0%. Using its assets, the company is less efficient in making profit.

Trends

Current period		Compared to		+/-
MRQ	2.6%	TTM	3.0%	-0.5%
TTM	3.0%	YOY	3.8%	-0.8%
TTM	3.0%	5Y	3.3%	-0.3%
5Y	3.3%	10Y	3.3%	0.0%

Compared to industry (Farm Products)

Period	Company	Industry (mean)	+/-
MRQ	2.6%	0.8%	+1.8%
TTM	3.0%	0.8%	+2.2%
YOY	3.8%	0.8%	+3.0%
5Y	3.3%	0.6%	+2.7%
10Y	3.3%	0.8%	+2.5%

Shows how efficient Sildarvinnslan Hf. is using its assets to generate profit.

For a farm, a tractor is considered an asset. The tractor helps ploughing the land making it possible to plant and harvest crops. But the tractor might be old and needing maintenance all the time reducing its efficiency. Return on assets indicates how effectively the farm is using the tractor (and other assets that help the core business) to plough the land.

How to use return on assets

Higher is better
Above 5% is considered healthy but always compare Sildarvinnslan Hf. to the Farm Products industry mean.
Can be very different between industries
Can be used to compare companies

Why do investors use return on assets in their analysis

Shows the investor how effectively Sildarvinnslan Hf. is using its resources to generate profit. If the return on assets (2.6%) from Sildarvinnslan Hf. are higher than the Farm Products mean (0.8%) that means Sildarvinnslan Hf. is using its resources better than their competitors. If not, that means their competitors are more efficient in using their resources to generate profit.

An investor should always look at:

What is the current return on assets?
The current most recent quarter (MRQ) Return on Assets of Sildarvinnslan Hf. is 2.6%. This means the company generated kr0.03 for each kr1 in assets.
How does it compare to the industry?
The mean MRQ Return on Assets of the Farm Products industry is 0.8%.
What is the trend?
The trend is important because it shows you how Sildarvinnslan Hf. is performing over time. The most recent quarter might be important if Sildarvinnslan Hf. released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for Sildarvinnslan Hf. up to 10 years back (depending if the company existed 10 years ago) when you exit this learning section.

Things to be aware of

Only compare with other companies in the same industry.
If a company has many assets changing over time, it’s better to calculate the average assets instead of the total assets.

How to calculate return on assets

Return on assets = net income / total assets * 100%

Real example Sildarvinnslan Hf.

You need the following data to determine return on assets (ROA):

Income statement
Balance sheet

Net income MRQ (income statement) from Sildarvinnslan Hf. = 18,697
Total assets MRQ (balance sheet) from Sildarvinnslan Hf. = 728,794
18,697 / 728,794 = 0.03 or 2.6%

ROA is an important ratio as it will tell you how effectively Sildarvinnslan Hf. is using its resources to generate profits. Example:

Bob and Kristin both sell ice cream in the summer. They both have an ice cream truck. The truck Bob owes cost him $20.000 and the truck Kristin owes cost her $1500. Over the summer, Bob earned $2000 and Kristin earned $200. To calculate the return on assets:

Bob: $2000 / $20.000 * 100% = 10%
Kristin: $200 / $1500 * 100% = 13.3%

This tells you Bob’s company is more valuable but Kristin's company is more efficient. Be aware that total assets can change over time. A transportation business will buy and sell trucks or planes all the time. Before using return on assets as a guideline, you have to know what the exact assets are. For a company that has many assets changing over time, it’s better to calculate the average assets instead of the total assets.

1.1.3. Return on Equity

Shows how efficient Sildarvinnslan Hf. is using its investors money to generate profit.

Above 15%-20% is considered healthy but always compare Sildarvinnslan Hf. to the Farm Products industry mean.
4.3% Return on Equity means Sildarvinnslan Hf. generated kr0.04 for each kr1 the owners (shareholders) invested.

Let's take a look of the Return on Equity trends of Sildarvinnslan Hf.:

The MRQ is 4.3%. Using its investors money, the company is inefficient in making profit. -1
The TTM is 4.7%. Using its investors money, the company is inefficient in making profit. -1

Trends

Current period		Compared to		+/-
MRQ	4.3%	TTM	4.7%	-0.4%
TTM	4.7%	YOY	5.9%	-1.2%
TTM	4.7%	5Y	5.1%	-0.4%
5Y	5.1%	10Y	5.1%	0.0%

Compared to industry (Farm Products)

Period	Company	Industry (mean)	+/-
MRQ	4.3%	1.7%	+2.6%
TTM	4.7%	1.5%	+3.2%
YOY	5.9%	1.4%	+4.5%
5Y	5.1%	1.1%	+4.0%
10Y	5.1%	1.3%	+3.8%

Shows how efficient Sildarvinnslan Hf. is using its investors money to generate profit.

A publicly traded company (any company that issues shares to the public) is owned by its shareholders. Return on equity calculates the amount of profit for every $1 the shareholders invested.

How to use return on equity

Higher is better.
Above 15%-20% is considered healthy but always compare Sildarvinnslan Hf. to the Farm Products industry mean.
Can be very different between industries.
Can be used to compare companies.

Why do investors use return on equity in their analysis

To find out the owners/management's attitude toward their company. You typically want the owners/management to invest in the company and focus on generating profit. If not enough profit is generated (compared to the Farm Products industry mean), the company might not be investing their money efficiently.

The three steps every investor should look at:

What is the current return on equity?
The current most recent quarter (MRQ) Return on Equity of Sildarvinnslan Hf. is 4.3%. This means Sildarvinnslan Hf. generated kr0.04 for each kr1 the owners (shareholders) invested.
How does it compare to the industry?
The mean MRQ Return on Equity of the Farm Products industry is 1.7%.
What is the trend?
The trend is important because it shows you how Sildarvinnslan Hf. is performing over time. The most recent quarter might be important if Sildarvinnslan Hf. released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for Sildarvinnslan Hf. up to 10 years back (depending if the company existed 10 years ago) when you exit this learning section.

Things to be aware of

Only compare with other companies in the same industry.
Does not include intangible assets (non physical assets like licences, computer software, etc.).
Stockholders equity and shareholders equity refer to the same thing.
Liabilities should not be more than three times return on equity.

How to calculate return on equity

Return on equity = net profit / shareholders equity * 100%

Real example of Sildarvinnslan Hf.

You need the following data to determine ROE:

Income statement
Balance sheet
Net profit MRQ (income statement) Sildarvinnslan Hf. = 18,697
Shareholders equity (balance sheet) MRQ Sildarvinnslan Hf. = 437,883
18,697 / 437,883 = 0.04 or 4.3%

A negative shareholder equity is a warning sign. It means the company has more liabilities than assets. It might also mean that the owners did not invest enough money or they are taking money out of the business.

1.2. Operating Efficiency of Sildarvinnslan Hf..

1.2. Operating Efficiency

1.2.1. Operating Margin

Measures how efficient Sildarvinnslan Hf. is operating .

Measures how much profit Sildarvinnslan Hf. makes for each kr1 of sales after paying variable costs (production costs, wages, etc) but before taxes.
Above 15% is considered healthy but always compare Sildarvinnslan Hf. to the Farm Products industry mean.
An Operating Margin of 0.0% means the company generated kr0.00 for each kr1 in revenue (before taxes).

Let's take a look of the Operating Margin trends of Sildarvinnslan Hf.:

The MRQ is 0.0%. The data is not here.

Trends

Current period		Compared to		+/-
MRQ	-	TTM	-	0.0%
TTM	-	YOY	-	0.0%
TTM	-	5Y	-	0.0%
5Y	-	10Y	-	0.0%

Compared to industry (Farm Products)

Period	Company	Industry (mean)	+/-
MRQ	-	4.7%	-4.7%
TTM	-	3.0%	-3.0%
YOY	-	3.8%	-3.8%
5Y	-	3.1%	-3.1%
10Y	-	2.7%	-2.7%

Measures how efficient Sildarvinnslan Hf. is operating .

The more effecient a company creates products or provides services, the more profit it generates.

How to use operating margin

Higher is better
Above 15% is considered healthy but always compare Sildarvinnslan Hf. to the Farm Products industry mean.
Can be very different between industries
Can be used to compare companies

Why do investors use operating margin in their analysis

To determine how much profit Sildarvinnslan Hf. is making from it’s core business.

The three steps every investor should look at:

What is the current net profit margin?
The current most recent quarter (MRQ) Operating Margin of Sildarvinnslan Hf. is 0.0%. This means that Sildarvinnslan Hf. earned kr0.00 for each kr1 in revenue in the most recent quarter.
How does it compare to the industry?
The mean MRQ Operating Margin of the Farm Products industry is 4.7%.
What is the trend?
The trend is important because it shows you how Sildarvinnslan Hf. is performing over time. The most recent quarter might be important if Sildarvinnslan Hf. released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for Sildarvinnslan Hf. up to 10 years back (depending if the company existed 10 years ago) when you exit this learning section.

Things to be aware of

Only compare with other companies in the same industry
Can be calculated in different ways

How to calculate operating margin

Operating margin = operating earnings / total revenue

Real example of Sildarvinnslan Hf.

You need the following data to determine operating margin:

Income statement
Operating earnings MRQ Sildarvinnslan Hf. = 20,210
Total revenue MRQ Sildarvinnslan Hf. = 67,088
kr20,210 / kr67,088 = 0.00 or 0.0%

Operating margin is used to calculate how much profit a company makes after variable costs of production but before paying interest and taxes. Some variable costs examples are wages, raw materials, packaging, and transaction fees. The amount of variable costs is different for each company and industry. In general, a higher operating margin is better as this implicates that a company is running efficiently.

For investors, a higher operating margin is a good sign. Although you should always look at operating margin in the long term. If operating margin is fluctuating over the years this might be a sign that things are not running efficiently enough. It’s a way to check how much profit a company is making from its core business.

Operation earnings can be calculated in multiple ways:

Operation earnings = EBIT - non operating income + non operating expense
Operation earnings = Gross profit - operating expense - depreciation and amortisation
Operation earnings = Total revenue - COGS (costs of goods sold) - indirect costs

1.2.2. Operating Ratio

Measures how efficient Sildarvinnslan Hf. is keeping operating costs low.

Below 1 is considered healthy (always compare to Farm Products industry mean).
An Operation Ratio of 1.13 means that the operating costs are kr1.13 for each kr1 in net sales.

Let's take a look of the Operating Ratio trends of Sildarvinnslan Hf.:

The MRQ is 1.128. The company is inefficient in keeping operating costs low. -1
The TTM is 1.083. The company is inefficient in keeping operating costs low. -1

Trends

Current period		Compared to		+/-
MRQ	1.128	TTM	1.083	+0.045
TTM	1.083	YOY	1.222	-0.139
TTM	1.083	5Y	1.130	-0.046
5Y	1.130	10Y	1.130	0.000

Compared to industry (Farm Products)

Period	Company	Industry (mean)	+/-
MRQ	1.128	1.729	-0.601
TTM	1.083	1.602	-0.519
YOY	1.222	1.480	-0.258
5Y	1.130	1.396	-0.266
10Y	1.130	1.163	-0.033

Measures how efficient Sildarvinnslan Hf. is keeping operating costs low.

If the operating ratio is below 1 that means the company is making money. The lower the operating ratio, the more efficient the company.

How to use operating ratio

Lower is better.
Below 1 is considered healthy but always compare Sildarvinnslan Hf. to the Farm Products industry mean.
Can be very different between industries.
Can be used to compare companies.

Why do investors use operating ratio in their analysis

Shows if costs of creating products and or services is increasing or decreasing. The lower the operating ratio, the more efficient the company is creating products and services.

The three steps every investor should look at:

What is the current Operatin ratio?
The current most recent quarter (MRQ) Operating Ratio of Sildarvinnslan Hf. is 112.8%. This means that Sildarvinnslan Hf. earned kr1.13 for each kr1 in net sales in the most recent quarter.
How does it compare to the industry?
The mean MRQ Operating Ratio of the Farm Products industry is 1.73.
What is the trend?
The trend is important because it shows you how Sildarvinnslan Hf. is performing over time. The most recent quarter might be important if Sildarvinnslan Hf. released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for Sildarvinnslan Hf. up to 10 years back (depending if the company existed 10 years ago) when you exit this learning section.

Things to be aware of

Only compare with other companies in the same industry.
You need COGS to calculate operating ratio which is not always shown in the income statement.
Does not consider debt.

How to calculate operating ratio

Operating ratio = Operating expenses + COGS \ Net sales

Real life example Sildarvinnslan Hf.

You need the following data to determine operating ratio:

Income statement

COGS is not always specified on the income statement. If so you can use the following calculation:

(cost of revenue + total operating expenses) \ total revenue
(28,808 +46,878) \ 67,088 = 1.13

The operating ratio measures the efficiency of a company at keeping low costs while generating profits from sales. It compares the total operating expenses to the net amount of sales. The total operating expenses exists of:

COGS (materials, labour, rent of facility, repairs)
Operating expenses (legal fees, marketing, wages, rent, maintenance/repairs)

Operating expenses are all the costs the company makes that are not directly tied to the production of the service or product. Where COGS are costs that are directly tied to the production of a product or service.

Do note that COGS is not always available in the income statement. Some companies include COGS in the operating expenses while others list COGS separately. To make it even more confusing, COGS is also known as “costs of sales” and costs of sales is the same as costs of revenue.

The operating ratio tells you how efficient the company is creating its products or services while keeping prices low. In this case, a lower ratio is better. Higher or rising operating ratios might tell you that costs are rising while sales are not improving or staying the same.

1.3. Liquidity of Sildarvinnslan Hf..

1.3. Liquidity

1.3.1. Current Ratio

Measures if Sildarvinnslan Hf. is able to pay off Short-term Debt.

Above 1.5 is considered healthy (always compare to Farm Products industry mean).
A Current Ratio of 1.04 means the company has kr1.04 in assets for each kr1 in short-term debts.

Let's take a look of the Current Ratio trends of Sildarvinnslan Hf.:

The MRQ is 1.041. The company is just able to pay all its short-term debts.
The TTM is 2.784. The company is able to pay all its short-term debts. +1

Trends

Current period		Compared to		+/-
MRQ	1.041	TTM	2.784	-1.743
TTM	2.784	YOY	2.203	+0.581
TTM	2.784	5Y	2.590	+0.194
5Y	2.590	10Y	2.590	0.000

Compared to industry (Farm Products)

Period	Company	Industry (mean)	+/-
MRQ	1.041	1.580	-0.539
TTM	2.784	1.585	+1.199
YOY	2.203	1.537	+0.666
5Y	2.590	1.545	+1.045
10Y	2.590	1.298	+1.292

Measures if Sildarvinnslan Hf. is able to pay off Short-term Debt.

How to use current ratio

Higher is better
Above 1.5 is considered healthy (always compare to Farm Products industry mean).
Can be very different between industries
Can be used to compare companies

Why do investors use current ratio in their analysis

Shows if the company can pay of short term debts if needed. A company that can't pay off it's short term debts might get in trouble if they have to pay off their short term debts for whatever reason. For example, markets can change due to global events like covid-19 or the war in Ukraine versus Russia. Because debts are always taken based on future income, it might become troublesome for Sildarvinnslan Hf. if something happens in the market that will cause sales to plummet.

The three steps every investor should look at:

What is the current current Ratio?
The current most recent quarter (MRQ) Current Ratio of Sildarvinnslan Hf. is 1.04. This means Sildarvinnslan Hf. has kr1.04 in assets for each kr1 in short-term debts.
How does it compare to the industry?
The mean MRQ Current Ratio of the Farm Products industry is 1.58.
What is the trend?
The trend is important because it shows you how Sildarvinnslan Hf. is performing over time. The most recent quarter might be important if Sildarvinnslan Hf. released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for Sildarvinnslan Hf. up to 10 years back (depending if the company existed 10 years ago) when you exit this learning section.

Things to be aware of

Only compare with other companies in the same industry.
Might be deluded.
Not all assets can always be quickly sold.
Can be manipulated by increasing or decreasing the assets and/or liabilities.

How to calculate current ratio

Current ratio = current assets \ current liabilities

Real life example Sildarvinnslan Hf.

You need the following data to determine operating ratio:

Balance sheet
Current ratio = current assets \ current liabilities
135,594 \ 130,299) = 1.04

The current ratio measures if Sildarvinnslan Hf. is able to pay short-term debts (obligations). Short term in this context means all debt obligations that are about to expire within one year. The current ratio incorporates current liabilities and current assets. Current assets are all the assets a company has that are expected to be consumed or sold within standard business operations. You can find the current assets in the balance sheet. They consist of:

Inventory
Accounts receivable
Marketable securities
Prepaid expenses
Cash
Cash equivalents
liquid assets

The current liabilities are short term obligations that are due within one year. These consist of:

Short term debts
Dividends
Income taxes
Short-term debts
Accounts payable
Interest payments

The result shows an investor if Sildarvinnslan Hf. is able to pay all its short-term debts if they were due all at once. When the result of the above formula is below 1, then Sildarvinnslan Hf. does not have enough capital after selling all its assets to pay all short-term debts. If the ratio drops far below 1 that might indicate Sildarvinnslan Hf. is or will be in financial trouble anytime soon.

Although this gives an investor some clues, the current ratio may also be deluded. Because owning assets does not mean the company can easily sell them. Also, Accounts receivable may be quite old (they will probably never pay) which deludes the current ratio. As with all ratios, you should only compare them between the same industries and companies.

1.3.2. Quick Ratio

Measures if Sildarvinnslan Hf. is able to pay off Short-term Debt but only using the most liquid assets.

Above 1 is considered healthy but always compare Sildarvinnslan Hf. to the Farm Products industry mean.
A Quick Ratio of 0.37 means the company can pay off kr0.37 for each kr1 in debt (using most liquid assets).

Let's take a look of the Quick Ratio trends of Sildarvinnslan Hf.:

The MRQ is 0.368. The company is just not able to pay all its short-term debts with the most liquid assets. -1
The TTM is 0.622. The company is just not able to pay all its short-term debts with the most liquid assets. -1

Trends

Current period		Compared to		+/-
MRQ	0.368	TTM	0.622	-0.253
TTM	0.622	YOY	0.140	+0.481
TTM	0.622	5Y	0.461	+0.160
5Y	0.461	10Y	0.461	0.000

Compared to industry (Farm Products)

Period	Company	Industry (mean)	+/-
MRQ	0.368	0.449	-0.081
TTM	0.622	0.478	+0.144
YOY	0.140	0.493	-0.353
5Y	0.461	0.492	-0.031
10Y	0.461	0.474	-0.013

Measures if Sildarvinnslan Hf. is able to pay off Short-term Debt but only using the most liquid assets.

How to use quick ratio

Higher is better.
Above 1 is considered healthy but always compare Sildarvinnslan Hf. to the Farm Products industry mean.
Can be very different between industries.
Can be used to compare companies.

Why do investors use quick ratio in their analysis

Shows how fast Sildarvinnslan Hf. can pay off its short term debts. This shows if Sildarvinnslan Hf. can survive emergencies due to market changes or other reasons.

The three steps every investor should look at:

What is the current Quick Ratio?
The current most recent quarter (MRQ) quickRatio of Sildarvinnslan Hf. is 0.37. This means that Sildarvinnslan Hf. can pay off kr0.37 for each kr1 in debt (using most liquid assets).
How does it compare to the industry?
The mean MRQ Quick Ratio of the Farm Products industry is 0.45.
What is the trend?
The trend is important because it shows you how Sildarvinnslan Hf. is performing over time. The most recent quarter might be important if Sildarvinnslan Hf. released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for Sildarvinnslan Hf. up to 10 years back (depending if the company existed 10 years ago) when you exit this learning section.

Things to be aware of

Only compare with other companies in the same industry.
Incorporates only most liquid assets.

How to calculate quick ratio

Quick ratio = cash and equivalents + marketable securities + accounts receivable / current liabilities

Real life example Sildarvinnslan Hf.

You need the following data to determine operating ratio:

Balance sheet
Quick ratio = cash and short-term investments + short-term investments + netReceivables / total current liabilities
MRQ quick ratio Sildarvinnslan Hf.: ( + +48,002) / 130,299 = 0.37

The quick ratio measures the same thing as the current ratio, only it uses the most liquid assets a company has. Meaning, the assets that can be sold for cash the easiest and fastest.

As the quick ratio only incorporates the most liquid assets, you should also check the current ratio which also includes less liquid assets. But they may be harder to sell.

1.4. Solvency of Sildarvinnslan Hf..

1.3. Liquidity

1.4.1. Debt to Asset Ratio

Measures how much % of Sildarvinnslan Hf. assets are financed with debt.

Below 1 (100%) is considered healthy (always compare to Farm Products industry mean).
A Debt to Asset Ratio of 0.40 means that Sildarvinnslan Hf. assets are financed with 39.5% credit (debt) and the remaining percentage (100% - 39.5%) is financed by its owners/shareholders.

Let's take a look of the Debt to Asset Ratio trends of Sildarvinnslan Hf.:

The MRQ is 0.395. The company is very able to pay all its debts by selling its assets. +2
The TTM is 0.350. The company is very able to pay all its debts by selling its assets. +2

Trends

Current period		Compared to		+/-
MRQ	0.395	TTM	0.350	+0.046
TTM	0.350	YOY	0.338	+0.012
TTM	0.350	5Y	0.346	+0.004
5Y	0.346	10Y	0.346	0.000

Compared to industry (Farm Products)

Period	Company	Industry (mean)	+/-
MRQ	0.395	0.499	-0.104
TTM	0.350	0.486	-0.136
YOY	0.338	0.485	-0.147
5Y	0.346	0.481	-0.135
10Y	0.346	0.462	-0.116

Measures how much % of Sildarvinnslan Hf. assets are financed with debt.

When there are more debts than assets, that means creditors have a larger stake Sildarvinnslan Hf. than its shareholders.

How to use debt to asset ratio

Lower is better.
below 1 (100%) is considered healthy (always use industry average).
Can be very different between industries.
Can be used to compare companies.

Why do investors use the debt to asset ratio in their analysis

It shows how much debt the company used to finance its assets. If a company is almost entirely financed with debt that means the company might get into serious trouble when emergencies arise like a raise in interest.

The three steps every investor should look at:

What is the current debt to asset ratio?
The current most recent quarter (MRQ) Debt to Asset Ratio of Sildarvinnslan Hf. is 0.40. This means means that Sildarvinnslan Hf. is financed with 39.5% credit and the remaining percentage is financed by it's owners (shareholders).
How does it compare to the industry?
The mean MRQ Current Ratio of the Farm Products industry is 158.0%.
What is the trend?
The trend is important because it shows you how Sildarvinnslan Hf. is performing over time. The most recent quarter might be important if Sildarvinnslan Hf. released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for Sildarvinnslan Hf. up to 10 years back (depending if the company existed 10 years ago) when you exit this learning section.

Things to be aware of

Only compare with other companies in the same industry
Some companies can have higher debt to assets ratio's (for example, banks).
Debt to asset ratio should improve over the years.
If the debt to asset ratio is above 1, look at the industry mean and find out why Sildarvinnslan Hf. has so much debt.

How to calculate debt to asset ratio

Debt to asset ratio = total debt \ total assets

Real life example Sildarvinnslan Hf.

You need the following data to determine debt to asset ratio:

Balance sheet
Debt to asset ratio = total debt \ total assets
288,229 \ 728,794 = 39.5% or 0.40.

The debt to total assets ratio shows if the company is owned by creditors or shareholders. Or in other words, the total debt in relation to the total amount of assets. It shows how much debt the company used to finance its assets.

1.4.2. Debt to Equity Ratio

Measures if Sildarvinnslan Hf. is able to pay off its debts by using shareholders equity.

Below 2 is considered healthy but always compare Sildarvinnslan Hf. to the Farm Products industry mean.
A Debt to Equity ratio of 65.8% means that company has kr0.66 debt for each kr1 in shareholders equity.

Let's take a look of the Debt to Equity Ratio trends of Sildarvinnslan Hf.:

The MRQ is 0.658. The company is very able to pay all its debts with equity. +2
The TTM is 0.544. The company is very able to pay all its debts with equity. +2

Trends

Current period		Compared to		+/-
MRQ	0.658	TTM	0.544	+0.115
TTM	0.544	YOY	0.515	+0.029
TTM	0.544	5Y	0.534	+0.010
5Y	0.534	10Y	0.534	0.000

Compared to industry (Farm Products)

Period	Company	Industry (mean)	+/-
MRQ	0.658	0.986	-0.328
TTM	0.544	0.971	-0.427
YOY	0.515	0.979	-0.464
5Y	0.534	0.961	-0.427
10Y	0.534	0.983	-0.449

Measures if Sildarvinnslan Hf. is able to pay off its debts by using shareholders equity.

How to use debt to equity ratio

Lower is better.
Below 2 is considered healthy (always use industry average).
Can be very different between industries.
Can be used to compare companies.

Why do investors use the debt to shareholders equity ratio in their analysis

It shows how much debt the company uses to finance their operations. Shareholders equity is whats left over when you subtract total liabilities from total assets. It's another way to meassure how much of Sildarvinnslan Hf. is financed with debt or own resources.

The three steps every investor should look at:

What is the current debt to equity ratio?
The current most recent quarter (MRQ) quickRatio of Sildarvinnslan Hf. is 0.66. This means that Sildarvinnslan Hf. can pay off kr0.66 for each kr1 in debt.
How does it compare to the industry?
The mean MRQ Quick Ratio of the Farm Products industry is 0.99.
What is the trend?
The trend is important because it shows you how Sildarvinnslan Hf. is performing over time. The most recent quarter might be important if Sildarvinnslan Hf. released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for Sildarvinnslan Hf. up to 10 years back (depending if the company existed 10 years ago) when you exit this learning section.

Things to be aware of

Only compare with other companies in the same industry.
Not all debt is equally risky (for example, short term risk is less risky).

How to calculate debt to equity ratio

Debt to equity ratio = total debt \ shareholders equity.

Real life example Sildarvinnslan Hf.

You need the following data to determine equity ratio:

Balance sheet
Debt to equity ratio = total debt \ shareholders equity
288,229 \ 437,883 = 0.66 or 65.8%

Debt to equity measures the total debt versus the total shareholders equity. While the total debts to total assets ratio uses total assets, the debt to equity ratio looks at the total equity of shareholders. Where equity of shareholders are:

Common shares.
Preferred shares.
Retained earnings.

You can find the shareholders' equity in the balance sheet. A ratio between 0,5 and 1,5 is preferred. If the ratio is above 1.5, that would indicate creditors have significantly more stake (debt) in the company than the shareholders. In other words, the company is using a lot of debt to finance their operations.

Not all debt is equally risky. Meaning you can adjust the ratio by including or excluding certain amounts of debt. Short term debts are less risky because they have to be paid back within one year anyway. It’s much easier to plan one year ahead versus five or ten years.

2. Market Valuation of Sildarvinnslan Hf.

2. Earnings

2.1. Price to Earnings Ratio

Measures how much money you pays for each share for every $1 in earnings Sildarvinnslan Hf. generates.

Above 15 is considered overpriced but always compare Sildarvinnslan Hf. to the Farm Products industry mean.
A PE ratio of 15.46 means the investor is paying kr15.46 for every kr1 in earnings.

Let's take a look of the Price to Earnings Ratio trends of Sildarvinnslan Hf.:

The EOD is 19.693. Neutral. Compare to industry.
The MRQ is 15.459. Neutral. Compare to industry.
The TTM is 12.635. Good. +1

Trends

Current period		Compared to		+/-
EOD	19.693	MRQ	15.459	+4.234
MRQ	15.459	TTM	12.635	+2.825
TTM	12.635	YOY	-	+12.635
TTM	12.635	5Y	8.423	+4.212
5Y	8.423	10Y	8.423	0.000

Compared to industry (Farm Products)

Period	Company	Industry (mean)	+/-
EOD	19.693	7.091	+12.602
MRQ	15.459	7.737	+7.722
TTM	12.635	8.530	+4.105
YOY	-	11.412	-11.412
5Y	8.423	10.669	-2.246
10Y	8.423	11.096	-2.673

Measures how much money the investor pays for each share for every $1 in earnings Sildarvinnslan Hf. generates.

Indicates if the company’s shares are under or overvalued.

How to use PE ratio

Above 15 is considered overpriced but is hard to determine. Always compare Sildarvinnslan Hf. to the Farm Products industry mean.
Can be very different between industries.
Can be used to compare companies.

Why do investors use PE ratio in their analysis

The PE ratio tells investors the current sentiment in the market for that company. As with every stock, the stock price never shows the real valuation of a company but rather how the market thinks how much the stock is worth.

In other words, the current stock price also incorporates any future earnings or business opportunities in the future. The best example is the stock market crash in 2000. The PE ratio for any internet based company was going through the roof. Only based on the general assumption the internet and all associated businesses would thrive in the future. But this was based on nothing. A business still needs a good product or service to be able to survive. Instead, every investor bought any stock which did something related to the internet.

Many investors were willing to pay premium prices and that was causing the PE ratio to rise. A high PE ratio is a warning sign that investors might be overvaluing a stock based on future earnings.

The three steps every investor should look at:

What is the current PE Ratio?
The current most recent quarter (MRQ) PE Ratio of Sildarvinnslan Hf. is 15.46. This means the investor is paying kr15.46 for every kr1 in earnings.
How does it compare to the industry?
The mean MRQ Quick Ratio of the Farm Products industry is 7.74.
What is the trend?
The trend is important because it shows you how Sildarvinnslan Hf. is performing over time. The most recent quarter might be important if Sildarvinnslan Hf. released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for Sildarvinnslan Hf. up to 10 years back (depending if the company existed 10 years ago) when you exit this learning section.

Things to be aware of

Only compare with other companies in the same industry.
Some industries might have very high or very low PE ratios in general.
PE ratios can be high for several years, it does not mean a sudden collapse is imminent.
Earnings growth is not included in the PE ratio.

How to calculate PE ratio

PE ratio = market value per share \ earnings per share

Real life example Sildarvinnslan Hf.

You need the following data to determine the PE ratio:

Balance sheet
Income statement

The PE ratio is a very commonly used ratio to determine the value of a company by comparing the current stock price relative to its earnings per share (EPS). Before we can calculate the PE ratio we need to know the EPS. EPS is calculated as follows:

EPS = (net profit - preferred dividends) \ end of period outstanding shares*
Net profit = revenue - expenses
\ 1,699,892 = 15.46

* The net profit minus preferred dividends can be found in the incomestatement as netIncomeApplicableToCommonShares.

The PE value helps investors to determine if the current stock price is under or overvalued. It also projects future growth.

In general, a higher PE ratio means that investors predict higher future growth. If the PE ratio is too high, then investors expect way too much future growth the company can never fulfil. This is most likely to happen in faster moving companies like tech companies or automobile companies like Tesla. These are hot and booming markets where investors expect much future growth driven by new technology (electric cars). When looking at the current MRQ (most recent quarter) PE ratio of Tesla ( jan. 2021) it's about 247 while the average in the industry is only 6. That might be a clue that Tesla is trading for way too high prices compared to their current assets and is more based on future growth.

2. Books

2.3. Price to Book Ratio

Measures if the stock price of Sildarvinnslan Hf. is to cheap or to expensive compared to its book value.

At or below 1 is considered healthy (always compare to Farm Products industry mean).
A PB ratio of 363.46 means the investor is paying kr363.46 for each kr1 in book value.

Let's take a look of the Price to Book Ratio trends of Sildarvinnslan Hf.:

The EOD is 463.012. Seems overpriced? -1
The MRQ is 363.464. Seems overpriced? -1
The TTM is 368.038. Seems overpriced? -1

Trends

Current period		Compared to		+/-
EOD	463.012	MRQ	363.464	+99.548
MRQ	363.464	TTM	368.038	-4.573
TTM	368.038	YOY	132.927	+235.111
TTM	368.038	5Y	289.667	+78.370
5Y	289.667	10Y	289.667	0.000

Compared to industry (Farm Products)

Period	Company	Industry (mean)	+/-
EOD	463.012	1.659	+461.353
MRQ	363.464	1.779	+361.685
TTM	368.038	1.998	+366.040
YOY	132.927	1.872	+131.055
5Y	289.667	1.773	+287.894
10Y	289.667	1.304	+288.363

Measures if the stock price of Sildarvinnslan Hf. is to cheap or to expensive compared to its [abbr name=book value&text=What the company is worth when you subtract total liabilities from total assets).

The book value of a company is what remains when you subtract total liabilities from total assets. This can also become negative which means the company has more debts than assets.

The price to book ratio shows the investor if the stock is under or overvalued. A high price to book ratio means that the investor is paying more for a share than the company has in total assets.

How to use PB ratio

A PB ratio of 3 means the investor is paying $3 for each $1 in book value.

Lower is better
At or below 1 is considered healthy
Can be very different between industries
Can be used to compare companies

Why do investors use PB ratio in their analysis

Helps investors to determine if the current stock price is under or overvalued. A low PB ratio means the company’s stock is trading for less than the leftover of total assets - total liabilities. PB ratios can also turn negative which means the company might be in serious financial trouble. In other words, the company has more liabilities than assets.

Things to be aware of

Only compare with other companies in the same industry
Negative PB ratio means that the company might be in serious financial trouble
A higher PB ratio than 1 also means that you are last in line (shareholders get paid last when a company defaults) when the company goes bankrupt for whatever reason.

How to calculate price to book ratio

Calculate the book value: total assets - total liabilities
Calculate book value per share: book value / total outstanding shares
Price to book ratio = share price / book value per share

Real life example

You need the following data to determine Price to book ratio:

Balance sheet
Current stock price
Key performance indicators

1. Calculate the book value: total assets - total liabilities:

Book value = $68,513,000 - $30,855,000 = $37,658,000

2. Calculate book value per share:

Book value per share = $37,658,000 / total outstanding shares (can be found in the latest balance sheet):

Book value per share = $37,658,000 / 3,465,000 = $10.868

3. Price to book ratio = share price / $10.868:

MRQ (most recent quarter) PB ratio = $673.420 / $10.868 = $61,96

The price to book ratio is another way to determine if a stock is under or overvalued. The PB ratio is used to compare the current stock price to its book value. In other words, the PB ratio is used to compare all the assets minus liabilities in relation to the stock price.

If the PB ratio is greater than 1 that means the stock is trading for a higher price than the intrinsic value of the company. Meaning, you pay more than what the company is worth. Although future growth is hard to measure. A higher PB ratio than 1 also means that you are last in line (shareholders get paid last when a company defaults) when the company goes bankrupt for whatever reason.

Book value is limited for companies that offer services because there are not many tangible assets on the balance sheet compared to large manufacturing companies. It also does not take brand names, patents and other things in consideration.

3. Summary

3.1. Key Performance Indicators

The key performance indicators of Sildarvinnslan Hf. compared to the Most Recent Quarter (MRQ).

	End of day	+/-	Most Recent Quarter	Trailing 12 Months	+/-	Year-Over-Year	+/-	5 Year	+/-	10 Year	+/-
Book Value Per Share	-	-	0.259	0.253	+3%	0.231	+12%	0.245	+6%	0.245	+6%
Book Value Per Share Growth	-	-	-0.006	0.007	-187%	0.116	-105%	0.043	-114%	0.043	-114%
Current Ratio	-	-	1.041	2.784	-63%	2.203	-53%	2.590	-60%	2.590	-60%
Debt To Asset Ratio	-	-	0.395	0.350	+13%	0.338	+17%	0.346	+14%	0.346	+14%
Debt To Equity Ratio	-	-	0.658	0.544	+21%	0.515	+28%	0.534	+23%	0.534	+23%
Dividend Per Share	-	-	-	-	0%	-	0%	-	0%	-	0%
Eps	-	-	1.435	1.523	-6%	1.154	+24%	1.400	+2%	1.400	+2%
Gains Per Share	-	-	-0.006	0.007	-187%	0.116	-105%	0.043	-114%	0.043	-114%
Gross Profit Margin	-	-	1.000	1.000	0%	1.000	0%	1.000	0%	1.000	0%
Net Profit Margin	-	-	0.279	0.262	+6%	0.469	-41%	0.331	-16%	0.331	-16%
Operating Margin	-	-	-	-	0%	-	0%	-	0%	-	0%
Operating Ratio	-	-	1.128	1.083	+4%	1.222	-8%	1.130	0%	1.130	0%
Pb Ratio	463.012	+22%	363.464	368.038	-1%	132.927	+173%	289.667	+25%	289.667	+25%
Pe Ratio	19.693	+22%	15.459	12.635	+22%	-	+100%	8.423	+84%	8.423	+84%
Price Per Share	120.000	+22%	94.200	93.200	+1%	30.850	+205%	72.417	+30%	72.417	+30%
Quick Ratio	-	-	0.368	0.622	-41%	0.140	+162%	0.461	-20%	0.461	-20%
Return On Assets	-	-	0.026	0.030	-16%	0.038	-33%	0.033	-22%	0.033	-22%
Return On Equity	-	-	0.043	0.047	-9%	0.059	-27%	0.051	-16%	0.051	-16%
	EOD	+0 -3	MRQ	TTM	+3 -12	YOY	+4 -11	5Y	+3 -12	10Y	+3 -12

3.2. Fundamental Score

Let's check the fundamental score of Sildarvinnslan Hf. based on Penke's default stock scanner.

Penke's Stock Scanner

Indicator	Condition		Value
Price to Earnings Ratio (EOD)	Between	0-15	19.693
Price to Book Ratio (EOD)	Between	0-1	463.012
Net Profit Margin (MRQ)	Greater than	0	0.279
Operating Margin (MRQ)	Greater than	0	0.000
Quick Ratio (MRQ)	Greater than	1	0.368
Current Ratio (MRQ)	Greater than	1	1.041
Debt to Asset Ratio (MRQ)	Less than	1	0.395
Debt to Equity Ratio (MRQ)	Less than	1	0.658
Return on Equity (MRQ)	Greater than	0.15	0.043
Return on Assets (MRQ)	Greater than	0.05	0.026
Total			4/10 (40.0%)

Create your own Stock Scanner

Investing is personal. The best investors buy stocks based on their own analysis. Create your personal Stock Scanner with the key performance indicators that are important to you.
Create your own Stock Scanner

3.3. Technical Score

Let's check the technical score of Sildarvinnslan Hf. based on Penke's default Symbol scanner.

Penke's Symbol Scanner

Indicator	Condition		Value
Rsi	Greater than	50	69.946
Ma 20	Greater than	Ma 50	113.525
Ma 50	Greater than	Ma 100	104.788
Ma 100	Greater than	Ma 200	102.473
Open	Greater than	Close	121.000
Total			5/5 (100.0%)

Create your own Symbol Scanner

Trading is personal. The best traders buy and sell based on their own technical analysis. Create your personal Symbol Scanner with the technical indicators that are important to you.
Create your own Symbol Scanner

Latest Balance Sheet

Balance Sheet of 2022-06-30. Currency in USD. All numbers in thousands.

Summary

Total Assets	728,794
Total Liabilities	288,229
Total Stockholder Equity	437,883

	As reported
Total Liabilities	288,229
Total Stockholder Equity	+ 437,883
Total Assets	= 728,794

Assets

Total Assets	728,794
Total Current Assets	135,594
Long-term Assets	135,594

Total Current Assets

Total Current Assets (as reported)	135,594
Cash And Cash Equivalents	30,507
Net Receivables	48,002
Inventory	46,807
Total Current Assets (calculated)	125,316
+/-	10,278

Long-term Assets

Long-term Assets (as reported)	593,200
Intangible Assets	269,625
Long-term Assets (calculated)	269,625
+/-	323,575

Liabilities & Shareholders' Equity

Total Current Liabilities	130,299
Long-term Liabilities	157,930
Total Stockholder Equity	437,883

Total Current Liabilities

Total Current Liabilities (as reported)	130,299
Short Long Term Debt	90,786
Accounts payable	14,099
Other Current Liabilities	12,545
Total Current Liabilities (calculated)	117,429
+/-	12,870

Long-term Liabilities

Long-term Liabilities (as reported)	157,930
Long term Debt	104,975
Long-term Liabilities (calculated)	104,975
+/-	52,955

Total Stockholder Equity

Total Stockholder Equity (as reported)	437,883
Retained Earnings	373,086
Total Stockholder Equity (calculated)	373,086
+/-	64,798

Other

Capital Stock	14,097
Common Stock Shares Outstanding	1,699,892
Net Debt	165,254
Net Invested Capital	633,644
Net Working Capital	5,295

Balance Sheet

Currency in USD. All numbers in thousands.

Trend

2022-06-30

2022-03-31

2021-12-31

2021-09-30

2021-06-30

2020-12-31

> Total Assets

570,127
603,944
613,827
634,156
672,034
728,794

728,794

672,034

634,156

613,827

603,944

570,127

> Total Current Assets

152,109
129,039
147,188
160,142
189,836
135,594

135,594

189,836

160,142

147,188

129,039

152,109

Cash And Cash Equivalents

90,119
63,141
64,847
79,856
74,775
30,507

30,507

74,775

79,856

64,847

63,141

90,119

Short-term Investments

394
0
0
0
0
0

394

Net Receivables

7,416
8,951
13,480
43,467
49,776
48,002

48,002

49,776

43,467

13,480

8,951

7,416

Inventory

26,224
33,007
33,696
32,388
54,561
46,807

46,807

54,561

32,388

33,696

33,007

26,224

Other Current Assets

1
0
0
0
0
0

> Long-term Assets

418,018
474,904
466,639
474,013
482,198
593,200

593,200

482,198

474,013

466,639

474,904

418,018

Intangible Assets

227,078
275,363
271,382
271,350
272,678
269,625

269,625

272,678

271,350

271,382

275,363

227,078

> Total Liabilities

183,855
213,054
208,586
211,634
221,434
288,229

288,229

221,434

211,634

208,586

213,054

183,855

> Total Current Liabilities

110,512
42,600
44,741
44,704
58,891
130,299

130,299

58,891

44,704

44,741

42,600

110,512

Short Long Term Debt

82,561
8,606
9,635
9,600
9,568
90,786

90,786

9,568

9,600

9,635

8,606

82,561

Accounts payable

7,335
8,483
9,406
12,453
15,203
14,099

14,099

15,203

12,453

9,406

8,483

7,335

Other Current Liabilities

10,937
16,766
13,439
9,048
18,688
12,545

12,545

18,688

9,048

13,439

16,766

10,937

> Long-term Liabilities

73,343
170,454
163,844
166,930
162,543
157,930

157,930

162,543

166,930

163,844

170,454

73,343

Long term Debt

33,375
120,375
115,065
113,654
108,987
104,975

104,975

108,987

113,654

115,065

120,375

33,375

Long-term Liabilities Other

1
0
0
0
0
0

> Total Stockholder Equity

382,088
388,346
402,686
419,860
447,784
437,883

437,883

447,784

419,860

402,686

388,346

382,088

Common Stock

Retained Earnings

324,810
323,027
338,253
357,037
380,465
373,086

373,086

380,465

357,037

338,253

323,027

324,810

Capital Surplus

Treasury Stock

Other Stockholders Equity

Balance Sheet

Currency in USD. All numbers in thousands.

	2021-12-31	2020-12-31	2019-12-31	2018-12-31
Accounts Payable	12,453	7,335	5,244	8,153
Capital Stock	14,097	13,968	13,968	13,970
Cash	79,856	90,119	48,633	43,561
Common Stock Shares Outstanding	1,699,892	1,684,273	1,684,273	1,684,273
Intangible Assets	271,350	227,078	228,305	225,459
Inventory	32,388	26,224	30,435	36,401
Long Term Debt	113,654	33,375	52,769	91,832
Net Debt	43,399	25,817	60,147	72,732
Net Invested Capital	543,115	498,024	467,039	445,294
Net Receivables	43,467	7,416	14,538	16,628
Net Working Capital	115,438	41,597	42,623	69,448
Non Current Assets Total	474,013	418,018	413,287	396,158
Non Current Liabilities Other	-	1	-	-
Non Current Liabilities Total	166,930	73,343	93,827	131,629
Other Current Assets	-	1	1	-
Other Current Liab	9,048	10,937	7,936	4,567
Retained Earnings	357,037	324,810	310,508	284,508
Short Long Term Debt	9,600	82,561	56,011	24,461
Short Term Investments	-	394	1,030	-
Total Assets	634,156	570,127	534,924	511,343
Total Current Assets	160,142	152,109	121,636	115,184
Total Current Liabilities	44,704	110,512	79,013	45,736
Total Liab	211,634	183,855	172,840	177,365
Total Stockholder Equity	419,860	382,088	358,259	329,001

	2022-06-30	2022-03-31	2021-12-31	2021-09-30	2021-06-30	2020-12-31
Accounts Payable	14,099	15,203	12,453	9,406	8,483	7,335
Capital Stock	14,097	14,097	14,097	14,097	14,096	-
Cash	30,507	74,775	79,856	64,847	63,141	90,119
Common Stock Shares Outstanding	1,699,892	1,699,892	1,699,892	1,699,892	1,684,273	1,684,273
Intangible Assets	269,625	272,678	271,350	271,382	275,363	227,078
Inventory	46,807	54,561	32,388	33,696	33,007	26,224
Long Term Debt	104,975	108,987	113,654	115,065	120,375	33,375
Net Debt	165,254	43,780	43,399	59,853	65,840	25,817
Net Invested Capital	633,644	566,339	543,115	527,386	517,327	498,024
Net Receivables	48,002	49,776	43,467	13,480	8,951	7,416
Net Working Capital	5,295	130,945	115,438	102,447	86,440	41,597
Non Current Assets Total	593,200	482,198	474,013	466,639	474,904	418,018
Non Current Liabilities Other	-	-	-	-	-	1
Non Current Liabilities Total	157,930	162,543	166,930	163,844	170,454	73,343
Other Current Assets	-	-	-	-	-	1
Other Current Liab	12,545	18,688	9,048	13,439	16,766	10,937
Retained Earnings	373,086	380,465	357,037	338,253	323,027	324,810
Short Long Term Debt	90,786	9,568	9,600	9,635	8,606	82,561
Short Term Investments	-	-	-	-	-	394
Total Assets	728,794	672,034	634,156	613,827	603,944	570,127
Total Current Assets	135,594	189,836	160,142	147,188	129,039	152,109
Total Current Liabilities	130,299	58,891	44,704	44,741	42,600	110,512
Total Liab	288,229	221,434	211,634	208,586	213,054	183,855
Total Stockholder Equity	437,883	447,784	419,860	402,686	388,346	382,088

Cash Flow

Currency in USD. All numbers in thousands.

	2021-12-31	2020-12-31	2019-12-31	2018-12-31
Begin Period Cash Flow	90,119	48,633	43,561	26,180
Capital Expenditures	46,488	16,417	29,207	11,402
Change In Cash	-10,039	39,496	5,183	17,844
Change In Working Capital	-15,926	13,956	-1,389	-8,428
Change To Inventory	-6,210	3,916	5,815	3,689
Depreciation	10,985	10,060	9,470	11,078
Dividends Paid	-596	-13,889	-10,403	-8,969
End Period Cash Flow	79,856	90,119	48,633	43,561
Free Cash Flow	15,999	46,691	18,487	25,470
Investments	-88,949	-10,102	-25,901	-11,861
Net Income	87,047	38,593	43,805	32,587
Other Non Cash Items	3,698	-170	-4,681	1,202
Sale Purchase Of Stock	-	-10	-40	-20
Total Cash From Operating Activities	62,487	63,108	47,694	36,872

	2022-06-30	2022-03-31	2021-12-31	2021-09-30	2021-06-30	2021-03-31	2020-12-31	2020-09-30
Begin Period Cash Flow	74,775	79,856	64,847	63,141	54,198	90,119	62,553	49,153
Capital Expenditures	5,706	10,089	10,741	4,171	14,010	17,566	13,324	194
Change In Cash	-43,683	-5,235	14,654	2,086	9,057	-35,835	26,220	12,053
Change In Working Capital	-4,346	-15,389	-1,837	-15,296	11,146	-9,938	9,288	-12,688
Change To Inventory	7,596	-22,096	1,258	-836	653	-7,284	5,538	-12,511
Depreciation	3,141	3,061	2,928	3,067	2,448	2,542	2,683	2,418
Dividends Paid	-	-	0	0	-	-	-	-
End Period Cash Flow	30,507	74,775	79,856	64,847	63,141	54,198	90,119	62,553
Free Cash Flow	13,597	-1,878	15,679	312	8,309	-8,301	15,556	15,349
Investments	-119,155	-9,762	-10,770	107	-24,276	-54,010	-12,694	510
Net Income	18,697	27,319	17,310	17,169	31,748	20,820	13,522	22,728
Other Non Cash Items	1,643	-6,765	31,549	-612	-22,837	-4,402	3,063	-194
Total Cash From Operating Activities	19,303	8,211	26,420	4,482	22,320	9,265	28,879	15,542

Income Statement

Currency in USD. All numbers in thousands.

	2021-12-31	2020-12-31	2019-12-31	2018-12-31
Cost Of Revenue	87,764	76,962	77,827	186,165
Ebitda	118,295	60,317	67,590	51,647
Gross Profit	149,162	106,845	110,591	61,685
Income Before Tax	103,682	47,987	54,189	40,569
Interest Expense	0	0	0	0
Interest Income	493	552	1,404	0
Minority Interest	-321	-670	-488	-433
Net Income	87,047	38,593	43,805	32,587
Net Income From Continuing Ops	87,368	39,263	44,293	33,020
Net Interest Income	-3,135	-1,718	-2,527	-8,087
Operating Income	75,565	48,645	51,865	44,781
Reconciled Depreciation	10,985	10,060	9,470	11,078
Tax Provision	16,314	8,723	9,896	7,549
Total Operating Expenses	161,362	135,162	136,553	203,069
Total Revenue	236,927	183,807	188,418	247,850

	2022-06-30	2022-03-31	2021-12-31	2021-09-30	2021-06-30	2021-03-31	2020-12-31	2020-09-30
Cost Of Revenue	28,808	47,258	21,941	28,208	18,832	18,784	24,792	25,002
Ebitda	26,760	39,047	27,173	24,744	37,577	28,800	20,111	30,923
Gross Profit	38,280	53,309	44,790	43,253	28,052	33,593	26,912	44,889
Income Before Tax	22,538	34,945	23,320	20,852	34,260	25,250	17,067	28,196
Interest Expense	1,080	1,041	926	825	870	1,008	362	309
Interest Income	140	101	127	95	69	202	78	35
Minority Interest	15	-168	-109	-155	186	-244	-325	-186
Net Income	18,697	27,319	17,310	17,169	31,748	20,820	13,522	22,728
Net Income From Continuing Ops	18,682	27,487	17,418	17,323	31,562	21,064	13,847	22,914
Net Interest Income	-940	-940	-799	-730	-801	-806	-284	-274
Operating Income	20,210	29,420	24,627	23,384	10,225	17,329	11,312	26,359
Reconciled Depreciation	3,141	3,061	2,928	3,067	2,448	2,542	2,683	2,418
Tax Provision	3,857	7,458	5,901	3,529	2,698	4,186	3,219	5,282
Total Operating Expenses	46,878	71,147	42,103	48,077	36,659	35,049	40,392	43,532
Total Revenue	67,088	100,567	66,730	71,461	46,884	52,377	51,704	69,892

Latest Income Statement (annual, 2021-12-31)

Gross Profit (+$)
totalRevenue	236,927
Cost of Revenue	-87,764
Gross Profit	149,162	149,162

Operating Income (+$)
Gross Profit	149,162
Operating Expense	-161,362
Operating Income	75,565	-12,200

Operating Expense (+$)
Research Development	-
Selling General Administrative	-
Selling And Marketing Expenses	-
Operating Expense	161,362	0

Net Interest Income (+$)
Interest Income	493
Interest Expense	-0
Net Interest Income	-3,135	493

Pretax Income (+$)
Operating Income	75,565
Net Interest Income	-3,135
Other Non-Operating Income Expenses	-
Income Before Tax (EBT)	103,682	75,565 EBIT - interestExpense = 0 87,047 87,047
Interest Expense	0
Earnings Before Interest and Taxes (ebit)	-	103,682
Earnings Before Interest and Taxes (ebitda)	118,295

After tax Income (+$)
Income Before Tax	103,682
Tax Provision	-16,314
Net Income From Continuing Ops	87,368	87,368
Net Income	87,047
Net Income Applicable To Common Shares	-

Non-recurring Events
Discontinued Operations	-
Extraordinary Items	-
Effect of Accounting Charges	-
Other Items	-
Non Recurring	-
Other Operating Expenses	-
Total Other Income/Expenses Net	-	3,135