Yara International ASA

Yara International is a holding company. Through its subsidiaries, Co. converts energy, natural minerals and nitrogen from the air into products for farmers and industrial customers. Co. provides mineral fertilizers, industrial products and environmental products and services to its customers. Its mineral fertilizer portfolio, sold as five main brands (YaraMila, YaraLiva, YaraVita, YaraBela, YaraVera) represents a range of crop nutrients. Its industrial portfolio contains a range of nitrogen chemicals as well as CO2 and dry ice. Its environmental product and services reduce NOx emissions, control unpleasant odor, prevent toxic gases, avoid corrosion and improve water quality.
  • TickerYAR
  • ISINNO0010208051
  • ExchangeOslo Bors
  • SectorChemicals
  • CountryNorway
Christer Magnergård ...
  • Frank Maaø
  • Håkon Astrup
  • Joachim Gunell
  • Jon Masdal
  • Jørgen Lian
  • Karl-Johan Bonnevier
  • Martin Hoang Nguyen
  • Mattias Holmberg
  • Niclas Gehin
  • Nicolai Farstad Olsen
  • Nicolas McBeath
  • Niklas Wetterling
  • Ole Martin Westgaard
  • Ole-Andreas Krohn
  • Olof Larshammar
  • Patrik Ling
  • Ragnhild Støer
  • Rune Majlund Dahl
  • Simen Mortensen
  • Stefan Gauffin
  • Tomi Railo

Northern Lights

Anders Idborg ...
  • Bengt Jonassen
  • Derek Laliberté
  • Erik Moberg
  • Fredrik Ivarsson
  • Jan Erik Gjerland
  • Karl Bokvist
  • Mads Thinggaard
  • Magnus Andersson
  • Martin Melbye
  • Olof Cederholm
  • Oskar Vikström
  • Øystein Elton Lodgaard
  • Peter Kurt Nielsen
  • Rickard Anderkrans
  • Tobias Kaj
  • Victor Forssell

Talking Points - Kesko (Hold): New guidance looking cautious

Autoliv (Buy) Post-result: Trends supportive for Q3 improvement …could be a touch on the cautious side Stock up 10% YTD, fairly valued

Bengt Jonassen ...
  • Martin Melbye

Yara - Increased distribution ahead

Q2 better than feared Improved short-term outlook We like the equity case – BUY TP 415 (400)

YARA INTERNATIONAL sees an upgrade to Slightly Positive due to a better fundamental star rating

The general evaluation of YARA INTERNATIONAL (NO), a company active in the Speciality Chemicals industry, has been upgraded by the independent financial analyst theScreener with the addition of a star. Its fundamental valuation now shows 3 out of 4 possible stars while its market behaviour can be considered as moderately risky. theScreener believes that the additional star(s) merits the upgrade of its general evaluation to Slightly Positive. As of the analysis date July 17, 2020, the closing price was NOK 373.00 and its potential was estimated at NOK 398.79.

Niclas Gehin

Yara (Buy, TP: NOK450.00) - More shareholder returns this year

Yara reported Q2 results largely in line with consensus and our expectations. The focus was on the company’s comments regarding a likely closure of the Qafco divestment in 2–3 weeks, a 5% buyback programme conditional upon the sale, and the possibility of further cash returns in H2. We consider it likely the buyback programme will be complemented by a USD1.75 extraordinary DPS in H2, leaving the NIBD/EBITDA in the middle of the guided range of 1.5-2.0x. We have made only minor changes to our EBITDA estimates, and reiterate our BUY and NOK450 target price.

Anders Idborg ...
  • Bengt Jonassen
  • Derek Laliberté
  • Erik Moberg
  • Fredrik Ivarsson
  • Jan Erik Gjerland
  • Karl Bokvist
  • Mads Thinggaard
  • Magnus Andersson
  • Martin Melbye
  • Olof Cederholm
  • Oskar Vikström
  • Øystein Elton Lodgaard
  • Peter Kurt Nielsen
  • Rickard Anderkrans
  • Tobias Kaj
  • Victor Forssell

Talking Points - Kesko (Hold): New guidance looking cautious

Autoliv (Buy) Post-result: Trends supportive for Q3 improvement …could be a touch on the cautious side Stock up 10% YTD, fairly valued

Bengt Jonassen ...
  • Martin Melbye

Yara - Increased distribution ahead

Q2 better than feared Improved short-term outlook We like the equity case – BUY TP 415 (400)

Niclas Gehin

Yara (Buy, TP: NOK450.00) - More shareholder returns this year

Yara reported Q2 results largely in line with consensus and our expectations. The focus was on the company’s comments regarding a likely closure of the Qafco divestment in 2–3 weeks, a 5% buyback programme conditional upon the sale, and the possibility of further cash returns in H2. We consider it likely the buyback programme will be complemented by a USD1.75 extraordinary DPS in H2, leaving the NIBD/EBITDA in the middle of the guided range of 1.5-2.0x. We have made only minor changes to our EBITDA estimates, and reiterate our BUY and NOK450 target price.

Bengt Jonassen ...
  • Martin Melbye

Yara - EBITDA a tad above, EPS below

Clean EBITDA of USD 585m Trailing expectations on improvement program Qafco to close in 2-3 weeks. Will initiate 5% buy-back

Niclas Gehin

Yara (Buy, TP: NOK450.00) - Stability through the downturn

We expect Yara to report Q2 EBITDA of NOK555m (results due 8:00 CET on 17 July), affected by lower volumes and fertiliser prices offset by a lower gas cost and tailwinds from currency. We have cut our 2021e EBITDA by 6% to reflect reduced fertiliser prices, along with ‘housekeeping’ estimate changes. We believe Yara’s high share of stable earnings should lead the stock to be trading at a higher multiple. We reiterate our BUY and NOK450 target price.

Yara International ASA - September 2017 (LTM): Peer Snapshot

Peer Snapshot:  Yara International ASA - September 2017 (LTM) 27 November 2017 (in US millions) FYE Dec-15 FYE Dec-16 LTM Sep-17 FYE Dec-15 FYE Dec-16 LTM Jun-17 FYE Dec-15 FYE Dec-16 LTM Sep-17

Yara International ASA - June 2017 (LTM): Peer Snapshot

Peer Snapshot:  Yara International ASA - June 2017 (LTM) 24 August 2017 (in US millions) FYE Dec-15 FYE Dec-16 LTM Jun-17 FYE Dec-15 FYE Dec-16 LTM Mar-17 FYE Dec-15 FYE Dec-16 LTM Jun-17

Yara International ASA: Update to Discussion of Key Credit Factors

CORPORATES CREDIT OPINION 3 August 2017 Update RATINGS Yara International ASA Domicile Norway Long Term Rating Baa2 Type LT Issuer Rating - Fgn Curr Outlook Stable Please see the ratings section at the end of this report for more information. The ratings and outlook shown reflect information as of the publication date. Contacts Francois Lauras 44-20-7772-5397 VP-Sr Credit Officer [email protected]

Yara International ASA - March 2017 (LTM): Peer Snapshot

Peer Snapshot:  Yara International ASA - March 2017 (LTM) 26 May 2017 (in US millions) FYE Dec-15 FYE Dec-16 LTM Mar-17 FYE Dec-14 FYE Dec-15 LTM Dec-16 FYE Dec-14 FYE Dec-15 LTM Dec-16

Yara International ASA - December 2016 (LTM): Peer Snapshot

Peer Snapshot: Yara International ASA - December 2016 (LTM) 21 April 2017 (in US millions) FYE Dec-14 FYE Dec-15 LTM Dec-16 FYE Dec-14 FYE Dec-15 LTM Dec-16 FYE Dec-14 FYE Dec-15 LTM Dec-16

Christer Magnergård ...
  • Frank Maaø
  • Håkon Astrup
  • Joachim Gunell
  • Jon Masdal
  • Jørgen Lian
  • Karl-Johan Bonnevier
  • Martin Hoang Nguyen
  • Mattias Holmberg
  • Niclas Gehin
  • Nicolai Farstad Olsen
  • Nicolas McBeath
  • Niklas Wetterling
  • Ole Martin Westgaard
  • Ole-Andreas Krohn
  • Olof Larshammar
  • Patrik Ling
  • Ragnhild Støer
  • Rune Majlund Dahl
  • Simen Mortensen
  • Stefan Gauffin
  • Tomi Railo

Northern Lights

Alexander Aukner ...
  • Christoffer Wang Bjørnsen
  • Jesper Ingildsen
  • Jimi Lehtonen
  • Joachim Gunell
  • Mattias Holmberg
  • Niclas Gehin
  • Nicolas McBeath
  • Niklas Wetterling
  • Ole Martin Westgaard
  • Ole-Andreas Krohn
  • Olof Larshammar
  • Patrik Ling
  • Rune Majlund Dahl
  • Simen Mortensen
  • Tomi Railo

Northern Lights

Eivind Sars Veddeng ...
  • Ole-Andreas Krohn
  • Olof Larshammar
  • Tomi Railo

Northern Lights

Alexander Aukner ...
  • Eivind Sars Veddeng
  • Frank Maaø
  • Håkon Astrup
  • Joachim Gunell
  • Jon Masdal
  • Karl-Johan Bonnevier
  • Martin Arnell
  • Martin Hoang Nguyen
  • Mats Bye
  • Niklas Wetterling
  • Ole Martin Westgaard
  • Ole-Andreas Krohn
  • Patrik Ling
  • Simen Mortensen

Northern Lights

Eivind Sars Veddeng ...
  • Joachim Gunell
  • Karl-Johan Bonnevier
  • Niclas Gehin
  • Ole Martin Westgaard
  • Ole-Andreas Krohn
  • Rune Majlund Dahl
  • Simen Mortensen

Northern Lights

YARA INTERNATIONAL sees an upgrade to Slightly Positive due to a better fundamental star rating

The general evaluation of YARA INTERNATIONAL (NO), a company active in the Speciality Chemicals industry, has been upgraded by the independent financial analyst theScreener with the addition of a star. Its fundamental valuation now shows 3 out of 4 possible stars while its market behaviour can be considered as moderately risky. theScreener believes that the additional star(s) merits the upgrade of its general evaluation to Slightly Positive. As of the analysis date July 17, 2020, the closing price was NOK 373.00 and its potential was estimated at NOK 398.79.

Ford Equity International Rating and Forecast Report

Ford Equity International Research Reports cover 60 countries with over 30,000 stocks traded on international exchanges. A proprietary quantitative system compares each company to its peers on proven measures of business value, growth characteristics, and investor behavior. Ford's three recommendation ratings buy, hold and sell, represent each stock’s return potential relative to its own country market.. The rating reports which are generated each week, include the fundamental details behind each recommendation and reflect the fundamental and price data as of the last trading day of the week...

Expert Corporate Governance Service (ECGS)

Yara International – AGM 7 May 2020

In general, Yara International is in compliance with the Norwegian regulations relating to the organisation and procedures of the AGM.   Under ITEM 4.1 the board of directors seeks approval of the Company's remuneration guidelines. As the proposed remuneration structure is NOT in line with its guidelines, ECGS recommends to vote OPPOSE.   Under ITEM 4.2 approval is sought of the guidelines for share-related incentive arrangements. ECGS notes that the Company's share-related incentive arrangement consists of restricted cash of which the net amount has to be invested in company shares. The v...

Expert Corporate Governance Service (ECGS)

Yara International - AGM 07 May 2019

In general, Yara is in compliance with the Norwegian regulations relating to the organisation and procedures of the AGM. Under ITEM 4.1, the board of directors seeks approval of the Company's remuneration guidelines. The proposed remuneration structure is not in line with ECGS' guidelines. Accordingly, ECGS recommends to vote OPPOSE. Under ITEM 4.2, the board of directors seeks approval of a share-based incentive plan. In view of the low level of transparency, specifically regarding the performance conditions applicable to the incentive plan, ECGS recommends to vote OPPOSE. Under ITEM 5, ap...

Yara International ASA – Proxinvest Corporate Governance Rating ® : B

Proxinvest Corporate Governance Rating ® helps investors integrate governance into their investment decision and identify governance risks and opportunities within their portfolio. Proxinvest Corporate Governance Rating ® Service rates European issuers through the analysis of four main themes : Ownership & Shareholder rights, Board & Committees, Audit & Process, Remuneration. Each theme is rated taking into account several comprehensive sub-categories. Our unique two-step process to achieve each rating includes a first step quantitative valuation and a second step qualitative filter...

ResearchPool Subscriptions

Get the most out of your insights

Get in touch