1. Norway Stocks

  2. •

    Consumer Defensive

  3. •

    Agricultural Farm Products
Mowi ASA

Mowi ASA

PND.F
Mowi ASAundefined flagFrankfurt Stock Exchange
16.55
EUR
-0.06
- -
8.73BMarket Cap
Mowi ASA
PND.F
(Frankfurt Stock Exchange)

Recent

price

16.55

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
5.47
5.69
5.82
6.05
7.37
7.02
7.78
7.63
7.59
7.89
7.22
8.06
9.49
10.59
10.76
10.96
11.3
Revenue per Share
1.1
0.4
0.15
0.79
0.27
0.36
1.2
0.97
1.15
0.92
0.23
0.94
1.51
0.86
0.91
1.38
1.62
Basic EPS, GAAP
0.57
0.63
0.31
0.02
0.64
0.04
1.07
0.79
0.56
0.9
0.36
1.14
0.6
1.15
1.05
0.95
0.84
Free Cash Flow per Basic Share
0.76
1.04
- -
0.26
0.99
0.54
0.93
- -
1.08
1.06
0.26
0.44
0.74
0.63
0.57
0.57
0.53
Dividend per Share
3.55
0.97
1.06
0.97
0.84
0.8
0.78
0.81
0.82
0.78
0.78
0.78
0.78
0.78
0.78
0.79
0.79
Book Value per Share
1.75
1.08
1.52
2.44
1.53
1.96
2.23
2.98
3.61
3.28
3
3.6
4.05
4.14
4.59
3.53
3.66
Tangible Book Value per Share
357
358
359
378
410
441
450
476
494
516
517
517
517
517
517
519
523
Basic Weighted Avg Shares
1,954
2,037
2,088
2,284
3,026
3,093
3,503
3,626
3,750
4,074
3,732
4,166
4,907
5,478
5,566
5,689
5,910
Sales/Revenue/Turnover
27.93
28.92
15.94
47.85
36.55
11.04
27.14
15.37
23.78
14.59
5.42
15.18
21.8
18.21
14.97
11.19
13.7
Operating Margin (%)
84
95
92
91
116
140
142
150
153
287
338
373
387
404
448
454
461
Depreciation Expense
394
144
55
299
112
158
540
462
567
478
118
488
782
444
468
718
847
Net Income, GAAP
26.9
18.92
47.71
29.7
50.56
36.63
28.96
11.46
22.53
21.6
1.16
17.78
21.53
51.1
24.84
15.11
16.53
Effective Tax Rate (%)
20.14
7.08
2.65
13.11
3.7
5.11
15.4
12.75
15.11
11.72
3.15
11.7
15.94
8.11
8.42
12.62
14.33
Profit Margin (%)
1,022
901
868
1,440
1,407
1,445
1,711
1,359
1,888
1,853
1,789
1,744
2,000
2,715
2,700
2,839
2,940
Working Capital
653
855
768
918
1,189
1,071
993
774
1,142
1,725
1,946
1,695
2,015
2,392
2,296
3,134
3,199
LT Debt
1,608
1,401
1,583
1,946
1,640
1,896
2,069
2,315
2,879
2,893
2,764
3,131
3,687
3,755
4,006
4,565
4,720
Total Equity
18.39
20.66
7.37
28.42
18.55
7.26
21.48
15.05
18.44
10.33
4.09
10.39
14.46
7.48
9.32
7.12
9.15
Return on Invested Capital (%)
21.15
11.56
6.72
27.32
9.89
12.68
41.46
38.21
42.62
28.06
7.49
22.38
31.15
16.5
17.87
22.96
26.34
Return on Capital (%)
29.51
17.86
15.2
80.16
31.55
45.54
153.38
125.75
143.84
118.1
29.03
120.45
193.28
109.78
115.74
175.91
207.57
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
ST Debt
338
329
342
LT Borrowings
1,744
2,790
2,845
LT Finance Leases
367
344
354
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
517
527
527
Market Capitalization
9,158
10,470
10,306

Working Capital

FRC

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
Total Current Assets
3,673
4,310
4,311
Cash, Cash Equivalents & STI
133
278
222
Accounts Receivable, Net
899
717
1,170
Inventories
2,641
2,944
2,918
Total Current Liabilities
1,362
1,471
1,370
Payables & Accruals
- -
- -
- -
ST Debt
338
329
342
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
9.5%
10.7%
13.97%
Free Cash Flow
285.51%
48.43%
-8.79%
Net Income, GAAP
54.91%
78.18%
53.23%
Sales/Revenue/Turnover
6.53%
8.97%
2.2%
Total Cash Common Dividend
- -
23.08%
1.26%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
1,328
1,334
1,442
1,500
5,566
2025
1,353
1,393
1,390
1,584
5,689
2026
1,543
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.32
0.07
0.09
0.42
0.91
2025
0.05
0.09
- -
1.02
1.38
2026
0.29
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.17
0.13
0.14
0.13
0.57
2025
0.18
0.15
- -
0.13
0.57
2026
0.13
- -
- -
- -
- -
Similar Companies
Borges Agricultural & Industrial Nuts, S.A. (BAIN.MC)
Kuala Lumpur Kepong Bhd. (KLKBF)
Asian Citrus Holdings Limited (0073.HK)
California Orchard Co. (CAOX)
Shandong Yisheng Livestock & Poultry Breeding Co., Ltd. Class A (002458.SZ)
Univanich Palm Oil Public Company Limited (UVPOF)
Business
Mowi ASA (PND.F) is the world's leading producer of Atlantic salmon, farmed salmon and trout products including whole fresh salmon, salmon fillets, salmon loins, salmon portions, salmon steaks, salmon ready meals, smoked salmon products, trout products, whitefish products, value added products, and fish feed; the company also provides consumer products brands such as Mowi, Mowi Salmon, Paramore, Ducktrap River, Milton Creek, and First Light; services encompass primary processing, secondary processing, logistics, and sales through consumer brands division, feed division, primary processing/raw material division, and sales & marketing division. Mowi operates farming operations, processing plants, and sales offices across Norway, Scotland, Canada, the Faroe Islands, Ireland, Chile, and the United States, serving retail chains, wholesalers, and foodservice customers globally with headquarters in Bergen, Norway, founded in 1964 as part of the former Marine Harvest group which rebranded to Mowi in 2018. Recent developments include expansion of farming capacity through new licenses and investments in Norway and Canada; a 2024 partnership with BioMar to advance sustainable feed solutions; divestiture of certain consumer brands in the US to focus on core salmon production; and operational enhancements via automation and traceability technologies implemented in 2024-2025 to meet growing demand for premium seafood amid sustainability regulations.