Company Valuation: Leroy Seafood

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 41,064 32,840 24,915 29,274 30,220 24,581 - -
Change - -20.03% -24.13% 17.5% 3.23% -18.66% - -
Enterprise Value (EV) 1 45,693 37,187 30,124 36,979 38,243 34,039 33,027 31,730
Change - -18.62% -18.99% 22.76% 3.42% -10.99% -2.97% -3.93%
P/E 15.6x 11.3x 91x 10.9x 83.2x 24.8x 10.1x 8.67x
PBR 2.26x 1.58x 1.33x 1.46x 1.61x 1.37x 1.32x 1.25x
PEG - 1.1x -1x 0x -1x 0x 0x 0.5x
Capitalization / Revenue 1.78x 1.23x 0.81x 0.94x 0.88x 0.73x 0.67x 0.64x
EV / Revenue 1.98x 1.4x 0.98x 1.19x 1.11x 1.01x 0.89x 0.82x
EV / EBITDA 12.1x 8.23x 6.24x 8.02x 8.67x 6.82x 5.42x 4.77x
EV / EBIT 18.1x 11.6x 9.71x 12.5x 15.3x 11.2x 8.1x 6.89x
EV / FCF 24.1x 27.2x 14.3x 91.1x 14.2x 14.3x 12.5x 9.84x
FCF Yield 4.15% 3.68% 7% 1.1% 7.05% 6.98% 8.02% 10.2%
Dividend per Share 2 2 2.5 2.5 2.5 2.5 2.501 2.733 2.999
Rate of return 2.9% 4.53% 5.98% 5.09% 4.93% 6.06% 6.62% 7.26%
EPS 2 4.42 4.88 0.46 4.49 0.61 1.666 4.101 4.76
Distribution rate 45.2% 51.2% 543% 55.7% 410% 150% 66.6% 63%
Net sales 1 23,073 26,646 30,870 31,125 34,364 33,701 36,927 38,565
EBITDA 1 3,778 4,521 4,831 4,612 4,409 4,991 6,090 6,655
EBIT 1 2,519 3,195 3,102 2,960 2,502 3,030 4,075 4,607
Net income 1 2,632 2,904 272.5 2,673 366 1,010 2,503 2,907
Net Debt 1 4,629 4,346 5,209 7,705 8,022 9,457 8,446 7,149
Reference price 2 68.96 55.15 41.84 49.16 50.75 41.28 41.28 41.28
Nbr of stocks (in thousands) 595,476 595,476 595,476 595,476 595,476 595,476 - -
Announcement Date 2/17/22 2/21/23 2/28/24 2/28/25 2/24/26 - - -
1NOK in Million2NOK
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
32.8x1.99x9.15x4.23% 11.1B
23.44x2.97x11.06x3.71% 7.95B
24.77x1.01x6.82x6.06% 2.61B
12.14x0.63x8.74x2.89% 2.25B
16.81x0.71x4.6x7.88% 1.77B
10.76x0.79x9.1x5.86% 1.47B
8.09x0.33x3.77x3.41% 1.13B
Average 18.40x 1.21x 7.61x 4.86% 4.04B
Weighted average by Cap. 24.66x 1.86x 8.94x 4.43%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA



Year-on-year evolution of the Yield

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