1. Iceland Stocks

  2. •

    Distribution services

  3. •

    Wholesale distributors
Skel fjarfestingafelag hf.

Skel fjarfestingafelag hf.

IICE:SKEL
16.60
ISK
0.00
(0.00%)
23.62BMarket Cap
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
16.99
22.48
14.06
20.55
26.43
23.17
25.4
13.05
16.87
- -
- -
- -
- -
- -
Basic EPS, GAAP
0.03
0.3
0.1
0.56
0.54
0.76
0.68
0.39
3.15
9.05
2.81
3.6
2.29
- -
Free Cash Flow per Basic Share
0.15
0.79
0.55
0.45
0.2
-0.33
1.92
0.38
1.53
-2.27
-0.64
-0.76
-0.74
- -
Dividend per Share
0.07
0.29
- -
- -
- -
0.24
- -
0.31
0.18
0.26
0.31
0.4
3.2
- -
Book Value per Share
2.63
3.86
3.56
3.39
3.93
4.31
4.85
5.31
8.34
17.27
19.43
23.28
22.39
18.05
Tangible Book Value per Share
1.99
1.76
1.58
1.59
1.98
2.35
2.74
2.77
6.62
17.27
19.43
23.28
22.39
18.05
Basic Weighted Avg Shares
1,811
1,903
2,620
2,234
2,102
2,055
2,015
1,965
1,936
1,936
1,923
1,876
1,876
1,945
Sales/Revenue/Turnover
30,780
42,768
36,842
45,911
55,564
47,619
51,181
25,643
32,665
- -
- -
- -
- -
- -
Operating Margin (%)
3.37
3.94
1.73
4.2
2.99
4.53
4.07
-0.62
1.57
- -
- -
- -
- -
- -
Depreciation Expense
627
939
1,843
714
831
888
1,093
1,307
894
35
8
11
- -
- -
Net Income, GAAP
54
571
273
1,262
1,143
1,567
1,372
759
6,107
17,517
5,410
6,754
4,297
- -
Effective Tax Rate (%)
20.57
19.85
6.33
19.25
18.71
18.66
20.26
- -
13.32
7.18
- -
- -
- -
- -
Profit Margin (%)
0.18
1.33
0.74
2.75
2.06
3.29
2.68
2.96
18.7
- -
- -
- -
- -
- -
Working Capital
619
114
-596
-1,316
-588
339
199
-499
8,622
9,130
10,139
2,781
-6,276
6,789
LT Debt
6,348
6,886
5,298
4,486
4,875
5,613
6,873
7,313
2,725
57
5,030
9,790
4,728
1,994
Total Equity
5,530
8,097
7,478
7,112
7,881
9,004
9,822
9,922
16,329
33,430
37,610
43,728
42,064
34,946
Return on Invested Capital (%)
6.22
10.53
5.02
11.69
9.95
11.27
9
- -
26.72
-1.48
- -
- -
- -
- -
Return on Capital (%)
4.89
8
5.36
12.12
10.43
11.23
9.24
- -
27.57
56.92
- -
- -
- -
- -
Return on Common Equity (%)
0.97
8.38
3.51
17.3
15.26
18.75
14.85
7.87
47.32
70.67
15.23
16.61
10.02
- -

Capital Structure

ISK

•

in mil. unless spec.
Sep'22
Dec'22
Jun'23
ST Debt
- -
2,515
2,487
LT Borrowings
- -
57
1,994
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
1,936
1,936
1,936
Market Capitalization
31,363
30,395
23,619

Working Capital

ISK

•

in mil. unless spec.
Sep'22
Dec'22
Jun'23
Total Current Assets
7,180
12,134
11,923
Cash, Cash Equivalents & STI
5,619
9,652
9,562
Accounts Receivable, Net
1,561
26
- -
Inventories
- -
- -
- -
Total Current Liabilities
- -
3,004
5,134
Payables & Accruals
- -
- -
- -
ST Debt
- -
2,515
2,487
Deferred Revenue
- -
- -
- -

Growth Rates

ISK

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
22.45%
38.85%
-3.81%
Free Cash Flow
-111.49%
-1.25%
-2.88%
Net Income, GAAP
114.33%
162.16%
-36.38%
Sales/Revenue/Turnover
- -
- -
- -
Total Cash Common Dividend
- -
149.24%
700%

Semi-annual Revenue

ISK

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
- -
- -
2025
- -
- -
- -
2026
- -
- -
- -

Semi-annual Earnings Per Share

ISK

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
- -
3.6
2025
- -
- -
2.29
2026
- -
- -
- -

Semi-annual Dividends Per Share

ISK

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
- -
0.4
2025
- -
- -
3.2
2026
- -
- -
- -

Company Description

Company Profile APIChatGPT
CEO
Ásgeir Helgi R. Gylfason
Full Time Employees
7
Sector
Distribution services
Industry
Wholesale distributors
Address
Kalkofnsvegur 2 Reykjavík GR Iceland 101
IPO Date
Nov 30, 2016
Website
skeljungur.is
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Business
Skel fjárfestingafélag hf. (SKEL.IC) operates as an investment company focused on managing and growing a diversified portfolio of assets in Iceland. The company offers investment management services, including equity investments, real estate holdings, and financial advisory; it also engages in strategic asset allocation across sectors such as construction materials, energy, and consumer goods. Skel maintains operations primarily in Iceland, with its headquarters in Reykjavik, where it was founded in 2006 following a management buyout from previous ownership. Core products and services encompass ownership stakes in subsidiaries like Byko hf., which distributes building materials and home improvement products under brands such as Byko and Bauhaus; Skel Energy, providing fuels, lubricants, and heating solutions; and other investments in logistics, retail, and industrial operations. The company targets Icelandic businesses, consumers, and institutional investors, emphasizing sustainable growth and value creation in domestic markets. Geographic operations are concentrated in Iceland, serving nationwide through its network of subsidiaries and partners. Recent major changes include the strategic acquisition of additional shares in key subsidiaries to consolidate control, as well as a focus on expanding renewable energy investments amid Iceland's green transition; in 2024, Skel announced partnerships for electric vehicle infrastructure development and launched new sustainability-linked financing rounds to support portfolio companies. The company underwent a minor reorganization in early 2025 to streamline investment operations, enhancing efficiency following regulatory updates in the Icelandic financial sector. These initiatives position Skel for long-term resilience in a volatile economic environment.