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  3. •

    Real estate development
Kaldalon hf

Kaldalon hf

IICE:KALD
23.00
ISK
0.00
(0.00%)
29.53BMarket Cap
Kaldalon hf
ICE:KALD
(Nasdaq Iceland)

Recent

price

23.00

P/E

ratio

- -

div

yld

- -

ROIC.AI

2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
ISK
- -
- -
- -
- -
0.54
2.12
2.9
4.07
5.19
- -
Revenue per Share
- -
1.07
0.57
1.02
2.64
2.43
2.84
2.92
2.63
- -
Basic EPS, GAAP
- -
- -
- -
- -
-0.18
0.48
0.75
1.92
2.51
- -
Free Cash Flow per Basic Share
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Dividend per Share
5.16
8.94
11.73
12.76
14.96
18.1
20.85
23.75
25.88
25.88
Book Value per Share
5.16
8.94
11.73
12.76
14.96
18.1
20.85
23.75
25.88
25.88
Tangible Book Value per Share
364
364
358
364
435
811
1,113
1,107
1,079
1,075
Basic Weighted Avg Shares
- -
- -
- -
- -
233
1,722
3,222
4,508
5,595
- -
Sales/Revenue/Turnover
- -
- -
- -
- -
10.04
75.84
77.19
78.7
78.41
- -
Operating Margin (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Depreciation Expense
- -
388
204
371
1,150
1,967
3,160
3,231
2,837
- -
Net Income, GAAP
- -
- -
- -
- -
24.83
19.65
20.38
25.03
19.49
- -
Effective Tax Rate (%)
- -
- -
- -
- -
493.88
114.23
98.08
71.67
50.71
- -
Profit Margin (%)
-66
-41
-845
1,213
156
103
-7,408
-2,950
-4,971
-4,971
Working Capital
- -
420
399
1,018
8,982
19,201
23,079
38,391
44,562
44,562
LT Debt
1,878
3,255
4,192
4,646
8,359
20,717
23,207
25,786
28,104
28,104
Total Equity
- -
-3.07
-3.48
-2.03
7.34
10.21
10.57
8.97
8.35
- -
Return on Invested Capital (%)
- -
14.2
5.42
7.86
8.52
8.36
9.36
8.04
6.7
- -
Return on Capital (%)
- -
15.13
5.49
8.39
17.95
13.89
14.58
13.19
10.53
- -
Return on Common Equity (%)

Capital Structure

ISK

•

in mil. unless spec.
Dec'24
Jun'25
Dec'25
ST Debt
4,369
4,798
4,461
LT Borrowings
37,748
40,634
43,632
LT Finance Leases
643
680
930
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
1,086
1,086
1,086
Market Capitalization
29,317
23,671
29,534

Working Capital

ISK

•

in mil. unless spec.
Dec'24
Jun'25
Dec'25
Total Current Assets
2,350
2,030
1,428
Cash, Cash Equivalents & STI
1,727
1,244
1,090
Accounts Receivable, Net
354
377
151
Inventories
- -
- -
- -
Total Current Liabilities
5,300
5,683
6,399
Payables & Accruals
- -
- -
- -
ST Debt
4,369
4,798
4,461
Deferred Revenue
- -
- -
- -

Growth Rates

ISK

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
51.98%
8.99%
Free Cash Flow
- -
- -
27.52%
Net Income, GAAP
- -
66.43%
-12.19%
Sales/Revenue/Turnover
- -
- -
24.11%
Total Cash Common Dividend
- -
- -
- -

Semi-annual Revenue

ISK

•

in mil. unless spec.

Year

H1
H2
FY
2023
- -
- -
3,222
2024
- -
- -
4,508
2025
- -
- -
5,595

Semi-annual Earnings Per Share

ISK

•

in mil. unless spec.

Year

H1
H2
FY
2023
- -
- -
2.84
2024
- -
- -
2.92
2025
- -
- -
2.63

Semi-annual Dividends Per Share

ISK

•

in mil. unless spec.

Year

H1
H2
FY
2023
- -
- -
- -
2024
- -
- -
- -
2025
- -
- -
- -
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Business
Kaldalón hf. operates as a dynamic real estate investment and development company across Iceland. Established in 2017 and headquartered in Reykjavík, the firm actively engages in the acquisition, development, management, and leasing of a diverse portfolio, encompassing residential properties, commercial spaces, and specialized tourism assets. The company's strategy focuses on cultivating well-located, sought-after construction sites and generating income primarily through fair value adjustments of its investments and stable, inflation-indexed rental revenues. Kaldalón hf. has seen significant growth, with strong financial performance in 2024 marked by substantial increases in operating profit and rental income, alongside considerable investments in new asset development. The company's shares are publicly traded on Nasdaq Iceland's Main Market.