1. Iceland Stocks

  2. •

    Retail trade

  3. •

    Food retail
Hagar hf.

Hagar hf.

IICE:HAGA
119.00
ISK
-2.00
(-1.65%)
6.68EPS
16.45P/E
129.52BMarket Cap
Hagar hf.
ICE:HAGA
(Nasdaq Iceland)

Recent

price

119.00

P/E

ratio

16.45

div

yld

- -

ROIC.AI

2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026
TTM
ISK
56.91
58.44
61.24
64.98
65.82
66.87
69.06
65.11
74.43
96.8
101.77
117.95
143.99
157.81
165.91
180.11
175.15
Revenue per Share
0.96
2
2.52
3.37
3.27
3.07
3.46
2.11
2.05
2.54
2.15
3.47
4.4
4.59
6.47
6.76
7.24
Basic EPS, GAAP
0.92
2.55
2.88
3.5
3.03
3.88
3.8
0.35
1.48
6.36
3.86
4.57
5.45
3.67
5.94
6.73
4.5
Free Cash Flow per Basic Share
- -
- -
0.45
0.5
1
1.7
1.71
- -
1
0.96
- -
1.27
2.01
2.25
2.32
2.29
- -
Dividend per Share
3.08
5.31
7.45
10.32
12.6
13.97
15.1
16.28
20.02
20.68
21.62
23.46
23.47
26.7
35.07
39.33
39.33
Book Value per Share
-3.89
-1.35
0.8
3.69
5.98
7.37
8.21
8.94
11.51
11.82
12.57
14.05
13.03
14.87
20.42
24.48
24.48
Tangible Book Value per Share
1,172
1,172
1,172
1,172
1,172
1,172
1,166
1,135
1,131
1,202
1,175
1,151
1,125
1,098
1,087
1,094
1,092
Basic Weighted Avg Shares
66,700
68,495
71,771
76,158
77,143
78,366
80,521
73,895
84,179
116,357
119,582
135,758
161,992
173,270
180,342
197,043
191,263
Sales/Revenue/Turnover
4.73
5.13
5.95
6.68
6.4
5.7
6.16
3.97
3.61
4.02
3.51
4.08
3.83
4.41
4.82
5.51
4.5
Operating Margin (%)
955
1,153
688
654
674
699
1,225
1,122
1,300
3,927
4,258
4,241
4,453
5,028
5,351
6,278
6,190
Depreciation Expense
1,124
2,344
2,958
3,953
3,838
3,596
4,036
2,394
2,317
3,054
2,522
3,991
4,949
5,044
7,030
7,390
7,901
Net Income, GAAP
22.86
23.2
20.87
18.91
19.96
20.05
19.94
19.37
19.63
19.1
19.24
19.71
18.78
17.46
16.53
18.29
15.36
Effective Tax Rate (%)
1.69
3.42
4.12
5.19
4.98
4.59
5.01
3.24
2.75
2.62
2.11
2.94
3.06
2.91
3.9
3.75
4.13
Profit Margin (%)
-8,368
4,085
4,804
5,787
5,035
3,941
2,122
528
-3,740
-606
-4,037
2,612
-1,470
-4,758
-6,420
-8,311
-8,311
Working Capital
679
9,921
8,275
6,154
4,239
3,748
2,986
2,217
4,594
20,166
16,378
18,638
18,885
20,946
33,084
35,373
35,373
LT Debt
3,612
6,221
8,731
12,098
14,764
16,368
17,412
17,957
24,279
24,587
25,187
26,726
27,931
28,954
38,489
42,779
42,779
Total Equity
14.72
14.16
19.15
22.21
19.58
17.18
18.56
11.25
8.68
9.26
7.62
10.53
12.16
11.84
12.31
10.69
12.07
Return on Invested Capital (%)
6.8
18.35
20.48
24.23
21.48
19.06
20.36
12.22
9.01
9.94
7.73
10.89
13.27
13.36
13.98
12.25
14.63
Return on Capital (%)
36.67
47.68
39.57
37.96
28.58
23.1
23.9
13.54
10.97
12.5
10.13
15.38
18.11
17.73
20.84
18.17
21.8
Return on Common Equity (%)

Capital Structure

ISK

•

in mil. unless spec.
May'26
Nov'26
Feb'26
ST Debt
9,516
13,191
12,972
LT Borrowings
17,142
14,567
14,351
LT Finance Leases
15,593
21,358
21,022
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
1,098
1,093
1,088
Market Capitalization
112,026
123,467
129,521

Working Capital

ISK

•

in mil. unless spec.
May'26
Nov'26
Feb'26
Total Current Assets
26,899
29,543
24,865
Cash, Cash Equivalents & STI
5,876
6,126
3,875
Accounts Receivable, Net
5,625
6,042
4,654
Inventories
13,580
15,193
14,393
Total Current Liabilities
31,656
36,650
33,176
Payables & Accruals
- -
- -
- -
ST Debt
9,516
13,191
12,972
Deferred Revenue
- -
- -
- -

Growth Rates

ISK

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
10.68%
11.67%
11.15%
Free Cash Flow
61.37%
14.52%
14.08%
Net Income, GAAP
11.14%
25.73%
5.12%
Sales/Revenue/Turnover
10.26%
10.63%
9.26%
Total Cash Common Dividend
- -
- -
-0.71%

Quarterly Revenue

ISK

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
41,490
45,309
43,683
42,788
173,270
2025
44,067
46,579
43,659
46,037
180,342
2026
48,115
- -
49,068
48,043
197,043

Quarterly Earnings Per Share

ISK

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.59
1.88
1.03
1.1
4.59
2025
0.78
1.59
1.29
2.81
6.47
2026
1.06
- -
1.55
1.82
6.76

Quarterly Dividends Per Share

ISK

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
2.23
- -
- -
2.25
2025
- -
2.33
- -
- -
2.32
2026
- -
- -
- -
- -
2.29
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Business
Hagar hf Hagar hf. (HAGA.IC), an Icelandic holding company listed on Nasdaq Iceland, owns and operates retail and wholesale businesses focused on food, daily goods, fuel, and related services across Iceland, the Faroe Islands, and the Netherlands. Founded in 2003 and headquartered in Reykjavik, the company manages nine independent business units through subsidiaries including Hagar verslanir ehf., Olís ehf., Bananar ehf., Noron ehf., Eldum rétt ehf., Stórkaup ehf., P/F SMS, and Hagar Wine B.V.; these encompass grocery chains such as Bónus and Hagkaup with 40 stores in Iceland plus 13 SMS-operated stores (Bónus, Miklagarður, Mylnan) in the Faroe Islands, 22 Olís service stations and 43 ÓB self-service stations, two warehouses, one production facility, one wholesale store, one specialty store (Zara via Noron), online meal packages via Eldum rétt, fresh produce distribution via Bananar, wholesaling via Stórkaup, SMS restaurants (Burger King, Sunset Boulevard, Angus Steakhouse), specialty stores, meat processing, bakery operations, a shopping mall, and an online alcohol store in the Netherlands. Hagar serves consumer and business customers with low-price groceries, clothing, beauty products, home furnishings, leisure items, fuel sales and services, fast food, outdoor recreation products, food packaging, distribution, consumables, hygiene supplies, and fruits and vegetables imports. In December 2024, Hagar acquired P/F SMS, the leading Faroese retailer, for an enterprise value of approximately 467 million DKK to expand its grocery and related operations into the Faroe Islands and leverage synergies in supply, efficiency, and customer offerings; the deal boosted Q4 2024/25 sales by 7.6% year-over-year to 46 billion ISK and full-year profit by 39.4% to 7 billion ISK, with SMS contributing a new Stores and Warehouses - Faroe Islands segment. The company shifted investment property accounting to fair value in fiscal 2024/25, recognizing 1.042 billion ISK in revaluation gains and enhancing balance sheet transparency for its over 60,000 square meter portfolio; it also initiated a sale process for holdings in Olíudreifing ehf. and granted stock options to key employees equivalent to 1.5% of share capital.