Last 23.60 NOK
Change Today +0.40 / 1.72%
Volume 204.0
SOLV On Other Exchanges
Symbol
Exchange
As of 10:25 AM 10/1/14 All times are local (Market data is delayed by at least 15 minutes).

solvang asa (SOLV) Snapshot

Open
23.50 NOK
Previous Close
23.20 NOK
Day High
23.60 NOK
Day Low
23.50 NOK
52 Week High
01/16/14 - 26.00 NOK
52 Week Low
12/6/13 - 18.60 NOK
Market Cap
581.8M
Average Volume 10 Days
922.2
EPS TTM
2.92 NOK
Shares Outstanding
24.7M
EX-Date
05/16/14
P/E TM
8.1x
Dividend
0.50 NOK
Dividend Yield
2.12%
Current Stock Chart for SOLVANG ASA (SOLV)

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solvang asa (SOLV) Details

Solvang ASA, together with its subsidiaries, is engaged in the shipping and ship owning activities. It operates in two segments, Ship Ownership and Ship Management. The company operates semi-refrigerated and ethylene ships; refrigerated liquid petroleum gas (LPG) ships; and Panamax very large gas carrier ships. Its fleet consists of 18 ships, including 7 semi-refrigerated and ethylene ships, 6 fully refrigerated LPG ships, and 5 very large gas carrier ships. The company was founded in 1936 and is headquartered in Stavanger, Norway.

40 Employees
Last Reported Date: 04/30/14
Founded in 1936

solvang asa (SOLV) Top Compensated Officers

Chief Executive Officer and Managing Director
Total Annual Compensation: 2.1M NOK
Director of Marine Operations
Total Annual Compensation: 1.8M NOK
Compensation as of Fiscal Year 2013.

solvang asa (SOLV) Key Developments

Solvang ASA Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2014

Solvang ASA reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2014. For the quarter, the company reported operating income of NOK 18.2 million against NOK 14.6 million for the same period in the last year. Operating earnings were NOK 33.7 million against NOK 18.8 million for the same period in the last year. Earnings before tax were NOK 34.3 million against NOK 20.6 million for the same period in the last year. Earnings for the period were NOK 33.3 million or NOK 1.35 per diluted share against NOK 19.8 million or NOK 0.80 per diluted share for the same period in the last year. Book value per share was NOK 27.46 against NOK 24.82 a year ago. For the six months, the company reported operating income of NOK 35.9 million against NOK 30.4 million for the same period in the last year. Operating earnings were NOK 49.4 million against NOK 29.5 million for the same period in the last year. Earnings before tax were NOK 51.2 million against NOK 44.9 million for the same period in the last year. Earnings for the period NOK 50.6 million or NOK 2.05 per diluted share against NOK 43.9 million or NOK 1.78 per diluted share for the same period in the last year. Book value per share was NOK 27.46 against NOK 24.82 a year ago.

Solvang ASA Announces Unaudited Consolidated Earnings Results for the First Quarter of Fiscal Year 2014

Solvang ASA announced unaudited consolidated earnings results for the first quarter of fiscal year 2014. For the quarter, operating income was NOK 17.7 million against NOK 15.8 million a year ago. Operating earnings was NOK 15.7 million against NOK 10.7 million a year ago. Earnings before tax were NOK 16.9 million against NOK 24.3 million a year ago. Earnings of the period were NOK 17.3 million against NOK 24.1 million a year ago. Diluted earnings per share were NOK 0.70 against NOK 0.98 a year ago. Cash flow per share was NOK 0.58 against NOK 2.15 a year ago. Book equity per share was NOK 26.09 against NOK 23.81 a year ago. Net Cash generated from operations was NOK 11,4 million against net cash used in operations of NOK 7.1 million a year ago. Net purchase of office equipment was NOK 0.2 million against NOK 0.6 million a year ago.

Solvang ASA Announces Audited Consolidated and Parent Company Earnings Results for the Year Ended December 31, 2013

Solvang ASA announced audited consolidated and parent company earnings results for the year ended December 31, 2013. For the year, on consolidated basis, the company reported total operating income of NOK 65,458,000 against NOK 64,767,000 a year ago. Operating result was NOK 46,158,000 against NOK 60,026,000 a year ago. Ordinary result before tax was NOK 63,789,000 against NOK 64,464,000 a year ago. Net profit for the year was NOK 65,661,000 or NOK 2.66 per diluted share against NOK 55,717,000 or NOK 2.26 per diluted share a year ago. Net cash outflow from operating activities was NOK 13,666,000 against net cash flow from operating activities of NOK 21,352,000 a year ago. Purchase of tangible fixed assets was NOK 1,804,000 compared to NOK 371,000 a year ago. For the year, on parent company basis, the company reported total operating income of NOK 50,457,000 against NOK 48,045,000 a year ago. Ordinary profit before tax was NOK 11,758,000 against ordinary loss before tax of NOK 7,822,000 a year ago. Net profit for the year was NOK 12,442,000 against net loss for the year NOK 48,000 a year ago. Net cash outflow from operating activities was NOK 11,375,000 against net cash flow from operating activities of NOK 7,300,000 a year ago. Purchase of tangible fixed assets was NOK 1,753,000 compared to 423,000 a year ago.

 

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Industry Analysis

SOLV

Industry Average

Valuation SOLV Industry Range
Price/Earnings 7.6x
Price/Sales 7.6x
Price/Book 0.8x
Price/Cash Flow 7.5x
TEV/Sales 6.8x
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