Financials Vátryggingafélag Íslands hf.

Equities

SKAGI

IS0000007078

Property & Casualty Insurance

Market Closed - Nasdaq Iceland 06:10:42 2024-04-26 am EDT 5-day change 1st Jan Change
17.5 ISK +0.86% Intraday chart for Vátryggingafélag Íslands hf. -1.41% +2.34%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 19,771 21,167 27,299 37,434 29,575 32,605
Enterprise Value (EV) 1 21,222 22,943 29,444 39,656 31,178 41,488
P/E ratio 9.83 x 8.16 x 15.2 x 4.64 x 30.8 x 17.7 x
Yield 10.6% - 5.9% 9.8% 3.28% 3.07%
Capitalization / Revenue 0.8 x 0.81 x 1.02 x 1.22 x 1.19 x 1.08 x
EV / Revenue 0.86 x 0.88 x 1.1 x 1.29 x 1.26 x 1.38 x
EV / EBITDA 8.28 x 7.12 x 11.9 x 4.54 x 21.1 x 13.7 x
EV / FCF -5.11 x 30.2 x -7.17 x 21.8 x 5.68 x -12.2 x
FCF Yield -19.6% 3.31% -14% 4.58% 17.6% -8.23%
Price to Book 1.3 x 1.33 x 1.61 x 1.75 x 1.68 x 1.54 x
Nbr of stocks (in thousands) 1,952,642 1,952,642 1,894,462 1,835,000 1,750,000 1,906,700
Reference price 2 10.12 10.84 14.41 20.40 16.90 17.10
Announcement Date 2/27/19 2/27/20 2/25/21 2/26/22 2/23/23 2/29/24
1ISK in Million2ISK
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 24,627 26,081 26,805 30,630 24,755 30,074
EBITDA 1 2,563 3,220 2,481 8,734 1,480 3,020
EBIT 1 2,376 3,003 2,264 8,522 1,333 2,837
Operating Margin 9.65% 11.52% 8.45% 27.82% 5.38% 9.43%
Earnings before Tax (EBT) 1 2,375 2,902 1,616 8,135 1,054 1,791
Net income 1 2,061 2,527 1,798 7,684 940 1,847
Net margin 8.37% 9.69% 6.71% 25.09% 3.8% 6.14%
EPS 2 1.030 1.328 0.9491 4.392 0.5480 0.9688
Free Cash Flow 1 -4,155 760.3 -4,108 1,818 5,487 -3,413
FCF margin -16.87% 2.92% -15.33% 5.93% 22.17% -11.35%
FCF Conversion (EBITDA) - 23.61% - 20.81% 370.67% -
FCF Conversion (Net income) - 30.08% - 23.66% 583.69% -
Dividend per Share 2 1.070 - 0.8500 2.000 0.5540 0.5244
Announcement Date 2/27/19 2/27/20 2/25/21 2/26/22 2/23/23 2/29/24
1ISK in Million2ISK
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 1,451 1,776 2,145 2,222 1,603 8,883
Net Cash position 1 - - - - - -
Leverage (Debt/EBITDA) 0.5664 x 0.5515 x 0.8646 x 0.2545 x 1.083 x 2.941 x
Free Cash Flow 1 -4,155 760 -4,108 1,818 5,487 -3,413
ROE (net income / shareholders' equity) 13% 16.8% 11.2% 41% 4.98% 9.52%
ROA (Net income/ Total Assets) 3.17% 3.85% 2.69% 9.36% 1.44% 3.07%
Assets 1 64,929 65,636 66,774 82,106 65,345 60,206
Book Value Per Share 2 7.790 8.120 8.970 11.70 10.10 11.10
Cash Flow per Share 2 0.6600 1.030 0.8300 0.8900 1.390 1.190
Capex 1 575 63.7 103 46.4 31.9 96.3
Capex / Sales 2.33% 0.24% 0.39% 0.15% 0.13% 0.32%
Announcement Date 2/27/19 2/27/20 2/25/21 2/26/22 2/23/23 2/29/24
1ISK in Million2ISK
Estimates
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