Solar Foods
8.9 EUR -0.56%342 investors are following this company
Solar Foods established in 2017 is a global leader in sustainable protein production, solving the global food production problem by offering a completely new alternative to existing animal and plant proteins. Solar Foods’ first product is the naturally occurring single-cell protein Solein®, which can be used as a food raw material with high protein content. In the long run, Solein production will improve global availability of protein and increase price and quality stability of food raw materials by disconnecting food production from agriculture.
Read moreP/E (adj.) (24e)
-35.56
EV/EBIT (adj.) (24e)
-41.26
P/B (24e)
7.8
Dividend yield-% (24e)
-
Target price
11.00 EUR
Recommendation
Sell
Updated
12.9.2024
First North Finland
SFOODS
Daily low / high price
8.84 / 9
EUR
Market cap
218.52M EUR
Turnover
55.62K EUR
Volume
6.2K
Business risk
Valuation risk
Current
Previous
Latest research
Extensive report
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The latest extensive report was released
Read the reportAnalyst
Thomas Westerholm
Analyst
Financial calendar
Interim report
2024-09-26
Income statement
2020 | 2021 | 2022 | 2023 | 2024e | 2025e | 2026e | 2027e | |
---|---|---|---|---|---|---|---|---|
Revenue | 0.0 | 0.0 | 0.0 | 0.0 | 0.2 | 2.0 | 2.8 | 2.9 |
growth-% | 49.8 % | 3,172.1 % | 912.2 % | 42.2 % | 4.5 % | |||
EBITDA | -0.9 | -1.8 | 0.3 | 3.7 | -0.3 | -3.1 | -11.0 | |
EBIT (adj.) | -1.9 | -3.2 | -6.8 | -5.7 | -10.1 | -12.8 | -18.6 | |
EBIT | -1.9 | -3.2 | -6.8 | -5.7 | -10.1 | -12.8 | -18.6 | |
Profit before taxes | -2.0 | -5.4 | -9.0 | -6.7 | -11.3 | -14.0 | -22.5 | |
Net income | -2.0 | -5.4 | -9.0 | -6.7 | -11.3 | -14.0 | -22.5 | |
EPS (adj.) | -0.37 | -0.25 | -0.43 | -0.53 | -0.84 | |||
growth-% | ||||||||
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-% | -21,662.8 % | -45,068.8 % | 5,561.8 % | 1,902.3 % | -14.5 % | -108.7 % | -373.7 % | |
EBIT-% (adj.) | -47,056.8 % | -79,456.3 % | -113,419.2 % | -2,882.9 % | -511.1 % | -452.9 % | -629.4 % | |
EBIT-% | -47,056.8 % | -79,456.3 % | -113,419.2 % | -2,882.9 % | -511.1 % | -452.9 % | -629.4 % | |
ROE | -15.3 % | -22.7 % | -38.7 % | -24.0 % | -45.9 % | -87.2 % | -119.4 % | |
ROI | -12.9 % | -10.1 % | -17.1 % | -12.5 % | -26.9 % | -46.3 % | -24.9 % |
Valuation
2020 | 2021 | 2022 | 2023 | 2024e | 2025e | 2026e | 2027e | |
---|---|---|---|---|---|---|---|---|
Share price (EUR) | 8.90 | 8.90 | 8.90 | 8.90 | ||||
Shares | 24.6 | 26.6 | 26.6 | 26.6 | 26.6 | |||
Market cap | 236.8 | 236.8 | 236.8 | 236.8 | ||||
Enterprise value | 233.1 | 241.4 | 244.0 | 335.7 | ||||
EV/S | - | - | - | - | 1,189.5 | 121.7 | 86.5 | 113.8 |
EV/EBITDA | - | - | - | - | 62.5 | - | - | - |
EV/EBIT (adj.) | - | - | - | - | - | - | - | - |
EV/EBIT | - | - | - | - | - | - | - | - |
P/E (adj.) | - | - | - | - | - | - | - | - |
P/E | - | - | - | - | - | - | - | - |
P/B | - | - | - | - | 7.8 | 12.5 | 18.2 | 9.6 |
P/S | - | - | - | - | 1,208.3 | 119.4 | 83.9 | 80.3 |
Dividend yield | ||||||||
Equity ratio | 87.1 % | 62.3 % | 47.1 % | 68.3 % | 60.4 % | 52.6 % | 19.6 % | |
Gearing ratio | -63.0 % | 12.4 % | 18.1 % | -12.2 % | 24.1 % | 54.9 % | 402.1 % |
Quarter data
Q1/23 | Q2/23 | Q3/23 | Q4/23 | 2023 | Q1/24e | Q2/24e | Q3/24e | Q4/24e | |
---|---|---|---|---|---|---|---|---|---|
Revenue | 0.0 | 0.0 | 0.0 | 0.2 | |||||
EBITDA | -4.0 | 4.3 | 0.3 | 2.4 | 1.3 | ||||
EBIT | -4.0 | -2.8 | -6.8 | -2.0 | -3.6 | ||||
Profit before taxes | -4.0 | -5.0 | -9.0 | -2.5 | -4.1 | ||||
Net income | -4.0 | -5.0 | -9.0 | -2.5 | -4.1 |
ShowingAll content types
Solar Foods, Q2'24
Solar Foods Oyj half-year report for January-June 2024: Factory 01 started operations in April – proven scalability of production enables commercialisation of Solein
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