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Eik fasteignafélag hf.

EIK.IC
57
Real Estate - Development · Real Estate
Price
14.70 ISK
+0.00 (+0.00%)
Market Cap
49.88B ISK
Exchange
NASDAQ Iceland
Winston Score
57
Winston is curious
A decent business — some strong pillars, some weaker.
Data as of Aug 9, 2026 · filings through Mar 31, 2026

Eik fasteignafélag hf. is an Icelandic real estate company that owns, develops, and manages properties across Iceland. Its portfolio includes commercial properties such as office buildings, retail spaces, and other income-generating real estate assets. It is one of the larger property companies listed on the Nasdaq Iceland stock exchange.

The company makes money primarily by collecting rent from tenants who lease space in its buildings, which explains its high gross margins. It operates almost entirely within Iceland, making its performance closely tied to the health of the Icelandic economy and local property market. With a market cap of roughly 50 billion Icelandic króna, it holds a meaningful position in a small but stable market. The main growth driver is Iceland's continued economic activity and demand for commercial space, while the key risk is the country's relatively small and concentrated economy, which can be sensitive to tourism downturns or global financial shocks.

Winston Score History

Growth Profile

When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.

Revenue Growth

+35.5% YoY

YoY Growth Rate

Revenue accelerating

EPS Growth

-27.5% YoY

YoY Growth Rate

Earnings declining

R&D Spend

$0/ year

0.0% of revenue

Below sector average (1%)

Research and development spending

Insider Activity

35.9%ownership

Insiders own a meaningful stake in the company

Cash Position

Cash flow positive

$178.7B cash & investments

Quarterly Free Cash Flow

↑ Burn rate improving

Company generates more cash than it spends — no dilution risk from fundraising

Revenue accelerating

Eik fasteignafélag hf. grew revenue 36% year-over-year and the growth rate is speeding up. That's the kind of momentum growth investors look for — the question is whether margins can follow.

The Winston Score above measures business quality today. Growth stocks often score lower because they invest in the future rather than maximising current profits. These metrics show what matters most for evaluating that future.

Share count broadly stable

0.6% over 4y

The share count has stayed roughly flat over this period — little dilution or buyback activity.

Diluted shares outstanding: 3.42B (2021) → 3.39B (2025)

Score breakdown

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Quality

Gross Margin
67.0%
Premium pricing power — 67.0% gross margin
Operating Margin
61.7%
Excellent — 61.7% operating margin
ROCE
1.3%
Weak — 1.3% return on capital

ROIC between 0% and 5%. They earn a few cents back per dollar invested in the business.

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Growth

Sales YoY
+12.6%
Fast-growing sales (+12.6% YoY)
EPS YoY
-10.7%
Earnings shrinking (-10.7% YoY)

Earnings per share down more than 10%. Either a bad year, or a real decline.

EPS Consistency
3/8 quarters
Earnings rarely grow — volatile business

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Cash Flow

Cash Conversion
106%
Turns 106% of profit into real cash
FCF Margin
42.1%
Converts sales into free cash efficiently (42.1%)

Free cash flow margin above 20%. Out of every $100 in sales, more than $20 is real cash they keep.

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Stability

Debt / Equity
1.91
Elevated debt (1.91)
Interest Cover
1.28x
Dangerous — barely covers interest (1.3x)

Interest coverage between 1 and 3. Profits cover interest, but with little room to spare.

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Valuation

P/E Ratio (TTM)
9.7x
Attractive valuation — P/E 9.7

P/E under 10. The price tag is small relative to last year's profit.

P/E vs Forward
N/A
not available
Data not available

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Dividends

Dividend Yield
7.14%
Healthy income — 7.14% yield

Yield above 6% — often a flag the market is pricing in a cut.

Dividend Growth
+3.4%
Dividend growing modestly (3.4% YoY)

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