1. Norway Stocks

  2. •

    Consumer Defensive

  3. •

    Food Distribution
Lerøy Seafood Group ASA

Lerøy Seafood Group ASA

LSG.OL
Lerøy Seafood Group ASANO flagOslo Stock Exchange
38.90
NOK
-0.40
- -
23.16BMarket Cap
Lerøy Seafood Group ASA
LSG.OL
(Oslo Stock Exchange)

Recent

price

38.90

P/E

ratio

- -

div

yld

- -

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
FRC
16.44
16.79
16.67
19.72
23.05
24.65
30.26
31.28
33.31
34.3
33.52
38.75
44.74
51.81
52.27
57.71
57.5
Revenue per Share
2.64
0.7
0.88
3.18
1.93
2.16
5.65
2.94
5.77
3.12
1.33
4.42
4.88
0.46
4.49
0.61
1.73
Basic EPS, GAAP
2.27
0.6
-0.13
1.2
1.49
0.19
3.5
3.54
1.51
2.37
1.66
4.57
2.29
3.38
0.27
4.22
3.79
Free Cash Flow per Basic Share
0.69
1.04
0.7
0.72
1.06
1.25
1.16
1.4
1.59
2.14
1.55
2.02
2.62
2.57
2.58
2.52
2.5
Dividend per Share
5.04
4.64
4.73
7.37
8.3
9.44
13.6
14.83
19.1
20.27
20.12
22.53
25.07
23.36
25.58
23.54
31.68
Book Value per Share
3.97
3.52
3.65
6.53
7.05
8.09
9.56
10.85
15.06
16.14
15.66
18.09
20.95
18.82
20.86
18.86
19.12
Tangible Book Value per Share
541
546
546
546
546
546
571
595
595
595
595
595
595
595
595
595
600
Basic Weighted Avg Shares
8,888
9,163
9,097
10,765
12,579
13,451
17,269
18,624
19,838
20,427
19,960
23,073
26,641
30,853
31,124
34,362
34,496
Sales/Revenue/Turnover
21.21
6.36
8.49
21.75
10.7
11.41
24.98
10.76
21.58
11.62
5.6
15.38
16.05
10.69
9.72
3.11
7.06
Operating Margin (%)
220
272
292
307
369
434
512
583
660
- -
1,158
1,252
1,326
1,484
1,652
1,908
1,947
Depreciation Expense
1,430
383
481
1,733
1,056
1,180
3,224
1,749
3,437
1,857
794
2,632
2,907
273
2,673
366
1,037
Net Income, GAAP
26.33
29.22
27.09
23.95
22.95
17.87
20.85
16.43
19.13
20.96
19.93
21.25
22.17
91.9
- -
- -
29.2
Effective Tax Rate (%)
16.08
4.18
5.29
16.1
8.39
8.77
18.67
9.39
17.33
9.09
3.98
11.41
10.91
0.88
8.59
1.07
3.01
Profit Margin (%)
3,679
3,243
3,204
4,290
4,956
4,853
7,872
7,556
8,317
7,984
7,181
9,308
10,139
12,563
11,386
7,858
8,164
Working Capital
2,223
2,429
2,403
2,357
2,767
2,377
4,541
4,946
4,551
5,509
5,894
7,409
7,089
8,963
9,372
7,524
7,208
LT Debt
5,994
5,798
5,964
7,549
8,080
8,764
13,475
14,482
17,134
17,763
17,633
19,323
21,024
19,897
21,167
19,943
20,140
Total Equity
17.75
4.5
6.04
17.61
9.22
10.33
21.12
8.25
15.59
7.74
3.54
10.32
11.13
0.86
- -
- -
5.3
Return on Invested Capital (%)
29.4
7.76
8.8
23.21
13.42
13.33
25.19
12.81
20.53
10.75
4.9
12.23
11.88
1.47
- -
- -
3.74
Return on Capital (%)
64.7
14.56
18.8
52.47
24.69
24.36
49.92
21.09
34.02
15.84
6.61
20.73
20.51
1.89
18.35
2.5
5.39
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
ST Debt
4,006
5,367
5,372
LT Borrowings
6,014
4,904
4,722
LT Finance Leases
2,737
2,620
2,486
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
595
595
595
Market Capitalization
29,429
30,415
29,516

Working Capital

FRC

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
Total Current Assets
16,891
17,498
17,509
Cash, Cash Equivalents & STI
2,408
2,519
2,823
Accounts Receivable, Net
2,913
3,224
2,999
Inventories
10,654
10,832
10,607
Total Current Liabilities
8,378
9,640
9,345
Payables & Accruals
- -
- -
- -
ST Debt
4,006
5,367
5,372
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
9.61%
2.73%
-5.78%
Free Cash Flow
332.4%
309.21%
1,465.42%
Net Income, GAAP
106.68%
189.19%
-86.31%
Sales/Revenue/Turnover
10.16%
11.63%
10.4%
Total Cash Common Dividend
9.95%
11.17%
-2.49%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
7,110
7,649
7,889
8,477
31,124
2025
7,951
8,826
8,755
8,832
34,362
2026
8,083
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.8
1.08
-0.09
2.7
4.49
2025
-0.64
0.21
0.75
0.29
0.61
2026
0.48
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
2.5
0.01
0.06
2.58
2025
- -
2.51
- -
- -
2.52
2026
- -
- -
- -
- -
- -
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Business
Lerøy Seafood Group ASA, a vertically integrated seafood producer founded in 1899 and headquartered in Bergen, Norway, engages in the production of salmon and trout; wild catch of whitefish including cod, haddock, saithe, shrimp, crab, mussels, and Greenland halibut; value-added processing, sales, and distribution of fresh, frozen, smoked, marinated, ready-to-eat, and ready-to-cook products such as fillets, portions, breaded fish, burgers, patties, and seaweed items; and marketing under brands including Norway Seafoods, Arctic Supreme, Fjord Trout, Aurora Salmon, Fossen, Sea Eagle, Lerøy, and Mær. The company operates farming operations in Norway's North, Mid, and West regions, as well as a 50% stake in Scottish Sea Farms in Scotland; processing and packaging plants in Norway, Sweden, Denmark, Finland, France, the Netherlands, Portugal, Spain, Italy, Turkey, and the Shetland Islands; and sales offices in the USA, Japan, China, South Korea, Vietnam, and Thailand, serving supermarkets, restaurants, canteens, hotels, wholesalers, retailers, food service providers, and industrial customers across more than 80 countries. Recent developments include record harvest volumes of 59,200 gutted weight tonnes of salmon and trout in Q3 2025 despite biological challenges from high sea lice pressure and temperatures; announcement in Q4 2025 of investments in Aquatraz closed containment technology under Norway's environmental flexibility scheme in partnership with SalMar, targeting first fish in Q1 2027; additional NOK 350 million commitment to submerged cages aiming for 45% salmon shielding by mid-2025; planned total capex of NOK 2.0 billion for 2025 focused on biology improvements, fish welfare, post-smolt technology, and VAP&D growth; issuance of a new NOK 500 million green bond in October 2025; and sustained progress toward 200,000-tonne Norwegian harvest goal in 2025 with VAP, Sales & Distribution segment achieving record Q3 earnings on higher volumes and lower raw material costs.