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Iceland
In shortMarel Hf. is profitable, generates cash and carries moderate debt, with revenue stable (+0.7% last year).
Financial health
Mixed
Built from five areas over the last five annual reports. Tap an area to see the figures behind it.
| Operating marginShare of each sale left after running the business, before interest and tax. | 5.4% | 35/100 |
|---|---|---|
| Net marginShare of each sale left as profit after every cost, interest and tax. | 1.8% | 27/100 |
| Return on equityProfit earned on the money shareholders put in. Above 15% is strong. | 3.0% | 15/100 |
| Return on invested capitalProfit earned on all the capital used (equity and debt). Above 10% usually means a real competitive edge. | 4.3% | 29/100 |
Weight in the score: 25%
| Current ratioShort-term assets divided by short-term debts. Below 1 can mean tight cash. | 1.26× | 38/100 |
|---|---|---|
| Debt / equityDebt compared with the shareholders' stake. Above 2 is heavily indebted. | 0.79× | 67/100 |
| Net debt / EBITDAYears of operating profit needed to repay net debt. Below 2 is comfortable. | 8.01× | 0/100 |
| Interest coverageHow many times operating profit covers interest. Below 2 is risky. | 1.63× | 1/100 |
| Altman Z''Bankruptcy-risk model. Above 2.6 safe, below 1.1 distress. | 2.14 | 27/100 |
Weight in the score: 25%
| Free cash flow marginCash left from each sale after investments. The money that can pay dividends or reduce debt. | 5.1% | 40/100 |
|---|---|---|
| Free cash flow / net incomeHow much accounting profit turns into real cash. Near 1 or above is healthy. | 2.85× | 100/100 |
| Years with positive free cash flow (last 5) | 3 of 4 | 69/100 |
Weight in the score: 20%
| Profitable years (last 5) | 4 of 4 | 100/100 |
|---|---|---|
| Years of revenue decline (last 5) | 0 of 3 | 100/100 |
| Revenue growth volatility | 12.5% | 65/100 |
| Operating margin volatility | 3.2% | 80/100 |
Weight in the score: 20%
| Revenue growth, 3-year average | 11.6% | 81/100 |
|---|---|---|
| EPS growth, 3-year average | -32.7% | 0/100 |
Weight in the score: 10%
Fiscal year 2023 · change vs prior year
European data comes from annual reports in ESEF format (since 2020). Industry and ticker are not provided by this source.
Annual figures as reported. Hover a bar or point for the exact value.
The last 4 fiscal years from the company's annual reports.
EUR millions; negative values in parentheses.
| Fiscal year | FY20 | FY21 | FY22 | FY23 |
|---|---|---|---|---|
| Revenue | 1,238 | 1,361 | 1,709 | 1,721 |
| Cost of revenue | 778 | 867 | 1,130 | 1,125 |
| Gross profit | 459 | 494 | 578 | 596 |
| Research & development | 73 | 87 | 106 | 119 |
| Operating income | 150 | 130 | 97 | 94 |
| Interest expense | 19 | 9.2 | 24 | 57 |
| Pre-tax income | 132 | 121 | 75 | 36 |
| Income tax | 29 | 25 | 16 | 5.1 |
| Net income | 103 | 97 | 59 | 31 |
| Diluted EPS | €13.51 | €12.73 | €7.75 | €4.11 |
2.14 Grey zone
Estimates bankruptcy risk from working capital, retained earnings, operating profit and equity. Above 2.6 is considered safe, below 1.1 signals distress.
6/9
Nine yes-or-no tests on profitability, debt, liquidity and efficiency versus the prior year. 7 to 9 is strong, 0 to 3 is weak.
All figures: filings.xbrl.org (ESEF). Ratios and scores are computed by Scorvest (see how it works). Information only, not investment advice. How it works
Latest annual report: Dec 31, 2023 · Data updated Dec 31, 2023