Fifax
0.263
EUR
+2.73 %
FIFAX
First North Finland
Food & Beverage
Consumer Goods & Services
880 following
+2.73%
+0.38%
-12.33%
-11.15%
+31.83%
+39.52%
+37.34%
-77.44%
-
-81.91%
fifax.ax/en
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.
P/E (adj.) (24e)
-2.96
EV/EBIT (adj.) (24e)
-4.51
P/B (24e)
1.79
Dividend yield-% (24e)
-
Target price
0.17 EUR
Recommendation
Sell
Updated
19.11.2024
First North Finland
FIFAX
Daily low / high price
0.26 / 0.263
EUR
Market cap
19.77M EUR
Turnover
605.7 EUR
Volume
2.3K
Business risk
Valuation risk
Current
Previous
Income statement
| 2020 | 2021 | 2022 | 2023 | 2024e | 2025e | 2026e | 2027e | |
|---|---|---|---|---|---|---|---|---|
| Revenue | 1.2 | 1.0 | 1.2 | 0.0 | 1.3 | 15.2 | 19.2 | 23.3 |
| growth-% | 77.2 % | -19.2 % | 15.0 % | -99.7 % | 32,806.2 % | 1,053.9 % | 26.7 % | 21.1 % |
| EBITDA | -6.1 | -8.3 | -5.9 | -5.1 | -4.2 | 3.0 | 3.8 | 4.7 |
| EBIT (adj.) | -7.3 | -9.8 | -7.4 | -6.0 | -5.9 | 1.2 | 1.9 | 2.5 |
| EBIT | -7.3 | -9.8 | -7.4 | -6.7 | -5.9 | 1.2 | 1.9 | 2.5 |
| Profit before taxes | -8.4 | -13.7 | -8.0 | -7.2 | -6.7 | 0.6 | 1.4 | 1.8 |
| Net income | -8.4 | -13.7 | -8.0 | -7.2 | -6.7 | 0.6 | 1.4 | 1.8 |
| EPS (adj.) | -0.53 | -0.31 | -0.09 | -0.09 | 0.01 | 0.02 | 0.02 | |
| growth-% | 129.5 % | 26.6 % | ||||||
| Dividend | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Dividend ratio |
Profitability and return on capital
| 2020 | 2021 | 2022 | 2023 | 2024e | 2025e | 2026e | 2027e | |
|---|---|---|---|---|---|---|---|---|
| EBITDA-% | -494.4 % | -823.7 % | -513.9 % | -126,825.0 % | -321.7 % | 19.8 % | 20.0 % | 20.0 % |
| EBIT-% (adj.) | -587.0 % | -978.3 % | -636.4 % | -149,225.0 % | -449.3 % | 7.9 % | 9.9 % | 10.9 % |
| EBIT-% | -587.0 % | -978.3 % | -636.4 % | -166,725.0 % | -449.3 % | 7.9 % | 9.9 % | 10.9 % |
| ROE | -98.1 % | -97.2 % | -41.3 % | -43.8 % | -46.5 % | 5.4 % | 11.3 % | 12.7 % |
| ROI | -32.2 % | -36.4 % | -30.4 % | -32.8 % | -29.8 % | 6.3 % | 8.3 % | 8.9 % |
Valuation
| 2020 | 2021 | 2022 | 2023 | 2024e | 2025e | 2026e | 2027e | |
|---|---|---|---|---|---|---|---|---|
| Share price (EUR) | 1.28 | 0.37 | 0.20 | 0.26 | 0.26 | 0.26 | 0.26 | |
| Shares | 25.9 | 25.9 | 75.0 | 75.0 | 75.0 | 75.0 | 75.0 | |
| Market cap | 33.0 | 9.6 | 15.1 | 19.7 | 19.7 | 19.7 | 19.7 | |
| Enterprise value | 29.5 | 12.4 | 14.8 | 26.7 | 27.0 | 30.8 | 34.6 | |
| EV/S | - | 29.3 | 10.8 | 3,712.5 | 20.3 | 1.8 | 1.6 | 1.5 |
| EV/EBITDA | - | - | - | - | - | 9.0 | 8.0 | 7.4 |
| EV/EBIT (adj.) | - | - | - | - | - | 22.4 | 16.2 | 13.6 |
| EV/EBIT | - | - | - | - | - | 22.4 | 16.2 | 13.6 |
| P/E (adj.) | - | - | - | - | - | 32.6 | 14.2 | 11.2 |
| P/E | - | - | - | - | - | 32.6 | 14.2 | 11.2 |
| P/B | - | 1.4 | 0.6 | 0.9 | 1.8 | 1.7 | 1.5 | 1.3 |
| P/S | - | 32.9 | 8.3 | 3,769.7 | 15.0 | 1.3 | 1.0 | 0.8 |
| Dividend yield | ||||||||
| Equity ratio | 17.8 % | 74.7 % | 74.1 % | 79.5 % | 56.3 % | 47.1 % | 42.0 % | 39.1 % |
| Gearing ratio | 303.3 % | -15.3 % | 18.5 % | -1.3 % | 63.2 % | 62.8 % | 85.0 % | 100.6 % |
Quarter data
| Q3/23 | Q4/23 | 2023 | Q1/24 | Q2/24 | Q3/24e | Q4/24e | 2024e | Q1/25e | |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | 0.0 | 1.3 | 1.3 | ||||||
| EBITDA | -2.5 | -5.1 | -2.1 | -2.1 | -4.2 | ||||
| EBIT | -3.3 | -6.7 | -3.0 | -3.0 | -5.9 | ||||
| Profit before taxes | -3.6 | -7.2 | -3.3 | -3.3 | -6.7 | ||||
| Net income | -3.6 | -7.2 | -3.3 | -3.3 | -6.7 |
ShowingAll content types
Inside Information: Fifax has agreed on EUR 500.000 convertible debt financing
Insiderinformation: Fifax har ingått ett låneavtal om 2,5 miljoner euro med Nordiska Miljöfinansieringsbolaget NEFCO.
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Inside Information: Fifax has entered into a EUR 2.5 million loan agreement with the Nordic Environment Finance Corporation NEFCO.
