MOWI Stock Analysis: Mowi ASA | OL
Farm Products | OL, Norway | Market Cap: 104.667m NOK | 12M Return: -0.6% | NO0003054108 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 250M
EPS Trend: -81.3%
Qual. Beats: 1
Rev. Trend: 91.4%
Qual. Beats: 0
Warnings
Tailwinds
No distinct edge detected
Seasonality 11.7 years of data
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.
Mowi ASA is a Norway-based seafood company headquartered in Bergen, founded in 1964 and formerly known as Marine Harvest ASA until its rebranding in December 2018. The company produces and sells Atlantic salmon products worldwide through five operating segments: Feed, Farming, Markets, Consumer Products, and other activities. Its operations span the full salmon value chain, from feed production and salmon farming through to primary and secondary processing.
Mowis product range includes whole fish, fillets and steaks (plain and marinated), hot- and cold-smoked salmon, burgers and patties, as well as breaded, gravad, and sushi products. As one of the worlds largest Atlantic salmon producers, the company is a major player in the global aquaculture industry, which supplies farmed salmon to retailers, food service operators, and consumer goods manufacturers across international markets. The stock trades on the Oslo Stock Exchange under the ticker MOWI and is classified within the Consumer Staples sector.
- Atlantic salmon spot prices drive Farming segment margins
- Norwegian traffic light regulation limits Farming volume growth
- Feed costs pressure margins amid volatile grain prices
| Net Income: 637.1m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.05 > 0.02 and ΔFCF/TA -2.33 > 1.0 |
| NWC/Revenue: 50.60% < 20% (prev 43.97%; Δ 6.62% < -1%) |
| CFO/TA 0.21 > 3% & CFO 2.09b > Net Income 637.1m |
| Net Debt (295.0m) to EBITDA (1.56b): 0.19 < 3 |
| Current Ratio: 3.46 > 1.5 & < 3 |
| Outstanding Shares: last quarter (527.3m) vs 12m ago 1.97% < -2% |
| Gross Margin: 47.01% > 18% (prev 46.16%; Δ 0.85% > 0.5%) |
| Asset Turnover: 66.94% > 50% (prev 70.46%; Δ -3.51% > 0%) |
| Interest Coverage Ratio: 2.17 > 6 (EBIT TTM 1.09b / Interest Expense TTM 502.5m) |
| DSRI: 1.16 (Receivables 1.13b/911.2m, Revenue 6.12b/5.69b) |
| GMI: 0.98 (GM 46.16% / 47.01%) |
| AQI: 1.17 (AQ_t 0.28 / AQ_t-1 0.24) |
| SGI: 1.08 (Revenue 6.12b / 5.69b) |
| TATA: -0.14 (NI 637.1m - CFO 2.09b) / TA 10.2b) |
| Beneish M = -2.77 (Cap -4..+1) = A |
As of September 27, 2026, the stock is trading at NOK 205.60 with a total of 1,338,342 shares traded. Over the past week, the price has changed by +3.58%, over one month by +0.05%, over three months by +6.18% and over the past year by -0.61%.
Current recommended Stop Loss: 195.20 (which is 5.1% or 2.5 ATR below the current price).
Mowi ASA has no consensus analysts rating.
Market Cap EUR = 9.66b (105b NOK * 0.0923 NOK.EUR)
P/E Trailing = 15.0836
P/E Forward = 15.873
P/S = 17.1139
P/B = 2.3533
P/EG = 1.5004
Revenue TTM = 6.12b EUR
EBIT TTM = 1.09b EUR
EBITDA TTM = 1.56b EUR
Long Term Debt = 3.09b EUR (from longTermDebt, last quarter)
Short Term Debt = 149.9m EUR (from shortLongTermDebt, last fiscal year)
Debt = 559.2m EUR (Leases only: 559.2m)
Net Debt = 295.0m EUR (calculated: Debt 559.2m - CCE 264.2m)
Enterprise Value = 9.96b EUR (9.66b + Debt 559.2m - CCE 264.2m)
Interest Coverage Ratio = 2.17 (Ebit TTM 1.09b / Interest Expense TTM 502.5m)
EV/FCF = 20.36x (Enterprise Value 9.96b / FCF TTM 489.0m)
FCF Yield = 4.91% (FCF TTM 489.0m / Enterprise Value 9.96b)
FCF Margin = 8.00% (FCF TTM 489.0m / Revenue TTM 6.12b)
Net Margin = 10.42% (Net Income TTM 637.1m / Revenue TTM 6.12b)
Gross Margin = 47.01% ((Revenue TTM 6.12b - Cost of Revenue TTM 3.24b) / Revenue TTM)
Gross Margin QoQ = 38.95% (prev 48.26%)
Tobins Q-Ratio = 0.98 (Enterprise Value 9.96b / Total Assets 10.2b)
Interest Expense / Debt = 89.86% (Interest Expense 502.5m / Debt 559.2m)
Taxrate = 23.77% (197.4m / 830.6m)
NOPAT = 831.7m (EBIT 1.09b * (1 - 23.77%))
Current Ratio = 3.46 (Total Current Assets 4.35b / Total Current Liabilities 1.26b)
Debt / Equity = 0.13 (Debt 559.2m / totalStockholderEquity, last quarter 4.21b)
Debt / EBITDA = 0.19 (Net Debt 295.0m / EBITDA 1.56b)
Debt / FCF = 0.60 (Net Debt 295.0m / FCF TTM 489.0m)
Total Stockholder Equity = 4.19b (last 4 quarters mean from totalStockholderEquity)
RoA = 6.97% (Net Income 637.1m / Total Assets 10.2b)
RoE = 15.20% (Net Income TTM 637.1m / Total Stockholder Equity 4.19b)
RoCE = 14.98% (EBIT 1.09b / Capital Employed (Equity 4.19b + L.T.Debt 3.09b))
RoIC = 9.58% (NOPAT 831.7m / Invested Capital 8.68b)
WACC = 5.93% (E(9.66b)/V(10.2b) * Re(6.27%) + (debt cost/tax rate unavailable))
Discount Rate = 6.27% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -55.79 | Cagr: -1.83%
[DCF] Terminal Value 73.10% ; FCFF base≈523.4m ; Y1≈459.2m ; Y5≈371.2m
[DCF] Fair Price = 10.74 (EV 5.96b - Net Debt 295.0m = Equity 5.66b / Shares 527.3m; r=8.35% [WACC [floored]]; 5y FCF grow -14.97% → 2.50% )
EPS Correlation: -81.32 | EPS CAGR: -8.34% | SUE: 1.48 | # QB: 1
Revenue Correlation: 91.44 | Revenue CAGR: 3.84% | SUE: -0.00 | # QB: 0
EPS current Quarter (2026-09-30): EPS=0.22 | Chg30d=-8.17% | Revisions=-25% | Analysts=3
EPS current Year (2026-12-31): EPS=1.15 | Chg30d=-2.46% | Revisions=+0% | GrowthEPS=+25.4% | GrowthRev=+11.6%
EPS next Year (2027-12-31): EPS=1.38 | Chg30d=-12.59% | Revisions=-57% | GrowthEPS=+19.2% | GrowthRev=+7.6%
[Analyst] Revisions Ratio: -42% (up=2, down=7)