1. Iceland Stocks

  2. •

    Industrials

  3. •

    Industrial - Machinery
Marel hf.

Marel hf.

MRRLF
Marel hf.US flagOther OTC
4.71
USD
+0.16
- -
3.55BMarket Cap
Marel hf.
MRRLF
(Other OTC)

Recent

price

4.71

P/E

ratio

- -

div

yld

- -

ROIC.AI

2008
2009
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
TTM
FRC
1.1
0.88
0.83
0.91
0.98
0.9
0.97
1.14
1.36
1.47
1.76
1.79
1.64
1.81
2.27
2.28
2.2
Revenue per Share
-0.02
-0.02
0.02
0.05
0.05
0.03
0.02
0.08
0.11
0.14
0.18
0.15
0.14
0.13
0.08
0.04
0.02
Basic EPS, GAAP
-0.07
- -
0.08
0.02
0.01
0.05
0.08
0.09
0.13
0.19
0.16
0.15
0.17
0.14
-0.05
0.07
0.07
Free Cash Flow per Basic Share
- -
- -
- -
- -
0.01
0.01
- -
- -
0.02
0.02
0.04
0.05
0.06
0.05
0.05
0.02
0.01
Dividend per Share
0.06
0.03
0.04
0.09
0.13
0.15
0.16
0.24
0.33
0.45
0.6
0.67
0.72
0.8
0.82
0.86
0.86
Book Value per Share
-0.39
-0.23
-0.18
-0.15
-0.12
-0.11
-0.1
-0.07
-0.54
-0.52
-0.51
0.08
-0.07
-0.05
-0.52
-0.48
-0.45
Tangible Book Value per Share
493
604
727
734
730
734
734
715
715
707
682
718
753
754
754
754
755
Basic Weighted Avg Shares
540
532
600
668
714
662
713
819
970
1,038
1,198
1,284
1,238
1,361
1,709
1,721
1,663
Sales/Revenue/Turnover
3.78
1.51
9.55
9.3
8.56
6.49
4.09
11.8
11.84
13.51
13.43
12.67
12.09
9.58
5.68
5.44
5.21
Operating Margin (%)
22
51
25
25
25
27
38
38
61
52
55
58
63
69
82
98
100
Depreciation Expense
-8
-12
14
34
36
21
12
57
76
97
122
110
102
97
59
31
11
Net Income, GAAP
- -
- -
10.58
21.78
17.29
13.52
30.19
18.66
15.21
19.25
16.1
22.36
22.04
20.3
21.84
14.13
33.72
Effective Tax Rate (%)
-1.56
-2.22
2.27
5.16
4.99
3.12
1.65
6.93
7.81
9.32
10.22
8.57
8.28
7.11
3.44
1.8
0.69
Profit Margin (%)
-26
109
78
52
59
49
26
94
-13
-72
-44
246
44
46
64
156
203
Working Capital
266
352
311
254
240
215
180
217
425
371
456
362
274
266
760
850
871
LT Debt
288
324
343
373
404
419
427
447
526
542
561
956
959
1,023
1,028
1,042
1,036
Total Equity
- -
- -
7.55
7.39
7.7
5.63
3.17
12
11.72
11.79
13.49
10.44
8.95
8.12
4.68
4.19
2.94
Return on Invested Capital (%)
- -
- -
14.18
13.62
13.66
8.93
5.8
17.94
16.97
15.23
16.29
13.26
12.55
11.91
6.17
4.93
3.45
Return on Capital (%)
-26.9
-53.09
57.8
72.27
44.74
20.35
10.25
38.53
36.68
34.63
33.56
24.65
19.97
16.93
9.61
4.89
1.78
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Mar'24
Jun'24
Sep'24
ST Debt
11
11
11
LT Borrowings
801
844
841
LT Finance Leases
30
29
30
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
754
754
754
Market Capitalization
2,337
2,431
2,345

Working Capital

FRC

•

in mil. unless spec.
Mar'24
Jun'24
Sep'24
Total Current Assets
726
714
764
Cash, Cash Equivalents & STI
36
30
63
Accounts Receivable, Net
196
209
215
Inventories
347
341
335
Total Current Liabilities
594
528
562
Payables & Accruals
- -
- -
- -
ST Debt
11
11
11
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
10.99%
15.84%
1.31%
Free Cash Flow
-21.39%
-75.16%
-240.54%
Net Income, GAAP
31.9%
-21.81%
-47.19%
Sales/Revenue/Turnover
10.33%
7.97%
0.74%
Total Cash Common Dividend
- -
-7.06%
-69.77%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2022
372
397
451
489
1,709
2023
447
422
404
448
1,721
2024
413
415
387
- -
- -

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2022
0.03
0.01
0.01
- -
0.08
2023
0.01
- -
0.01
- -
0.04
2024
- -
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2022
0.05
- -
- -
- -
0.05
2023
- -
0.02
- -
- -
0.02
2024
- -
0.01
- -
- -
- -
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Business
Marel hf. (MRRLF) develops, manufactures, distributes and sells advanced equipment, systems, software and services for food processing primarily in the poultry, meat, fish, plant-based protein, pet food and aqua feed industries; its core offerings span primary processing including slaughtering and cut-up, secondary processing such as deboning, trimming and portioning, and further processing solutions like forming, coating, frying and case-ready preparation, with specialized equipment for broilers, turkeys, ducks, pork, beef, veal, sheep, farmed and wild salmon, whitefish, and alternative proteins; the company also provides wastewater treatment, software assurance, customer support, training, preventive maintenance, upgrade kits and process consultancy. Founded in 1983 and headquartered in Garðabær, Iceland, Marel operates globally through approximately 30 sales and service units across Europe, the Middle East, Africa, the Americas, Asia and Oceania, serving processors in retail, foodservice and further manufacturing segments with around 7,500 employees. In a transformative development completed in early 2025, JBT Corporation acquired Marel through a voluntary takeover offer settled on January 2, 2025, forming JBT Marel Corporation, with the compulsory acquisition of remaining shares expected to conclude in February 2025 alongside delisting from exchanges, enhancing scale through synergies in procurement, manufacturing and revenue opportunities estimated at over $125 million in cost savings within three years.

Company News

APIChatGPT

  • businesswire.com

    JBT Corporation Completes Settlement of its Voluntary Takeover Offer of Marel hf. and Commences Trading as JBT Marel Corporation

  • globenewswire.com

    Meat Processing Equipment World Market Report 2024, Featuring Duravant, Equipamientos Carnicos, Fortifi Food Processing Solutions, JBT, Marel HF, Minerva Omega and Nemco Food Equipment