Leroy Seafood Group ASA: Company Profile and SWOT Analysis by ICDResearch

VIEWS: 14 PAGES: 32

More Info
									Leroy Seafood Group ASA

_________________________________________________________________________________



Leroy Seafood Group ASA                                                  Financial Snapshot

                                                                         Operating Performance
Fast Facts
                                                                         The company reported revenue of US$1,469.04
Headquarters Address                  Bontelabo 2, Bergen, 5020,Norway
                                                                         million during the fiscal year 2010 (2010). The
                                                                         company's revenue grew at a CAGR of 13.79%
Telephone                             + 47 55 213650
                                                                         during 2006–2010, with an annual growth of 23.83%
                                                                         over 2009. In 2010, the company recorded an
Fax                                   + 47 55 310076                     operating margin of 21.21%, as against 13.52% in
                                                                         2009.
Website                               www.leroy.no

Ticker Symbol, Stock Exchange         LSG, Oslo Stock Exchange           Revenue and Margins

Number of Employees                   1,563

Fiscal Year End                       December

Revenue (in US$ million)              1,469.04

Revenue (in NOK million)              8,887.67




SWOT Analysis
                                                                         Return on Equity
Strengths                             Weaknesses
                                                                         The company recorded a return on equity (ROE) of
Geographical Diversification          Concentration of Business          26.07% for 2010, as compared to its peers, Norway
                                                                         Pelagic ASA (Ticker: NPEL), Kyokuyo Co., Ltd.
                                                                         (Ticker: 1301) and Aker Seafoods ASA (Ticker: AKS),
Inorganic Growth                      Decline in the Principal Segment   which recorded ROEs of 9.70%, 6.03% and 4.36%
                                                                         respectively. The company reported an operating
Strong Financial Performance                                             margin of 21.21% in 2010.


Opportunities                         Threats                            Return on Equity

Demand for the Company’s Seafood      Adverse Weather Patterns

Growing Demand for Omega-3 Fish Oil Biological Contamination

                                      Fluctuations in Foreign Exchange
Strategic Holdings in Jokisen Evaat
                                      Rates




                                                                         Liquidity Position

                                                                         The company reported a current ratio of 2.97 in 2010,
                                                                         as compared to its peers, Norway Pelagic ASA,
                                                                         Kyokuyo Co., Ltd. and Aker Seafoods ASA, which
                                                                         recorded current ratios of 2.13, 1.16 and 1.22
                                                                         respectively. As of December 2010, the company
                                                                         recorded cash and short-term investments of worth
                                                                         US$224.31 million, against US$71.76 million current
                                                                         debt. The company reported a debt to equity ratio of
                                                                         0.49 in 2010 as compared to its peers, Norway
                                                                         Pelagic ASA, Kyokuyo Co., Ltd. and Aker Seafoods
                                                                         ASA, which recorded debt to equity ratios of 0.69,
                                                                         1.68 and 1.08 respectively.




___________________________________________________________________________________________

Leroy Seafood Group ASA - SWOT Profile                                                                          Page 1
Leroy Seafood Group ASA

_________________________________________________________________________________


TABLE OF CONTENTS

1     Business Analysis ................................................................................................................................... 5
    1.1       Company Overview ................................................................................................................................................5
    1.2       Business Description ..............................................................................................................................................5
    1.3       Major Products and Services .................................................................................................................................6
2     Analysis of Key Performance Indicators ............................................................................................... 7
    2.1       Five Year Snapshot: Overview of Financial and Operational Performance Indicators ..........................................7
    2.2       Key Financial Performance Indicators .................................................................................................................10
      2.2.1       Revenue and Operating Profit .........................................................................................................................10
      2.2.2       Asset, Liabilities and Capex .............................................................................................................................11
      2.2.3       Net Debt vs. Gearing Ratio ..............................................................................................................................12
      2.2.4       Operational Efficiency ......................................................................................................................................13
      2.2.5       Solvency ..........................................................................................................................................................14
      2.2.6       Valuation ..........................................................................................................................................................15
    2.3       Competitive Benchmarking ..................................................................................................................................16
      2.3.1       Market Capitalization .......................................................................................................................................16
      2.3.2       Efficiency ..........................................................................................................................................................17
      2.3.3  
								
To top