Risk factor
Poor trading liquidity
Profitability factor
Greatly undervalued vs peers
About
Brim hf. is an Icelandic seafood enterprise headquartered in Reykjavik. Established in 1985, the company was formerly known as HB Grandi hf. before rebranding to Brim hf. in August 2019. It specializes in a diverse array of marine products, encompassing groundfish and pelagic species such as kolmuni, herring, redfish, cod, and haddock, along with dried fish and roe. Beyond product sales, Brim hf. conducts extensive processing operations, including demersal fish processing, freezing of pelagic catches, and the production of fish flour, lysis, and roe. Its market reach extends primarily across Europe, Asia, and North America.
Company Valuation
Based on key historical and expected multiples, the stock is greatly undervalued relative to its peers. In particular, the stock is reasonably priced on P/E, 'cheap' on E