Company Valuation: Mowi ASA

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 10,819 8,212 8,397 8,534 10,862 9,437 - -
Change - -24.1% 2.25% 1.64% 27.27% -13.12% - -
Enterprise Value (EV) 1 12,077 9,971 10,187 10,402 13,516 12,480 12,345 12,173
Change - -17.44% 2.17% 2.11% 29.94% -7.67% -1.08% -1.4%
P/E 21.1x 10.5x 18.9x 18.1x 14.9x 32x 13.2x 11x
PBR 3.43x 2.34x 2.34x 2.22x 2.48x 2.2x 2.11x 2x
PEG - 0.2x -0.4x 3.11x 0.3x -0.5x 0x 0.6x
Capitalization / Revenue 2.57x 1.66x 1.53x 1.52x 1.9x 1.48x 1.37x 1.3x
EV / Revenue 2.87x 2.02x 1.85x 1.86x 2.36x 1.95x 1.8x 1.68x
EV / EBITDA 17.5x 8.45x 8.34x 10.1x 14.2x 8.97x 7.75x 6.87x
EV / EBIT 23.1x 9.92x 9.91x 12.5x 18.6x 13x 10.7x 9.11x
EV / FCF 20.5x 32.2x 17.1x 19.2x 27.3x 26.8x 16.2x 14.3x
FCF Yield 4.87% 3.11% 5.85% 5.21% 3.66% 3.73% 6.17% 7.01%
Dividend per Share 2 0.3626 0.6739 0.6337 0.5649 0.5909 0.7769 0.9315 1.229
Rate of return 1.73% 4.24% 3.9% 3.42% 2.87% 4.34% 5.2% 6.87%
EPS 2 0.99 1.51 0.86 0.91 1.38 0.5598 1.356 1.621
Distribution rate 36.6% 44.6% 73.7% 62.1% 42.8% 139% 68.7% 75.8%
Net sales 1 4,208 4,946 5,506 5,604 5,720 6,385 6,871 7,249
EBITDA 1 690.3 1,179 1,221 1,030 948.9 1,391 1,593 1,771
EBIT 1 522.6 1,005 1,028 828.9 726.8 957.6 1,152 1,336
Net income 1 511.8 782.4 444.4 468.5 717.9 298.2 713.8 851.8
Net Debt 1 1,257 1,759 1,790 1,867 2,654 3,043 2,908 2,736
Reference price 2 20.92 15.88 16.24 16.50 20.60 17.90 17.90 17.90
Nbr of stocks (in thousands) 517,111 517,111 517,111 517,111 527,291 527,291 - -
Announcement Date 2/16/22 2/14/23 2/14/24 2/12/25 2/11/26 - - -
1EUR in Million2EUR
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
31.97x1.95x8.97x4.34% 10.82B
22.59x2.89x10.74x3.85% 7.65B
24.44x1x6.75x6.14% 2.57B
12.14x0.63x8.74x2.89% 2.24B
16.54x0.7x4.56x8% 1.74B
11.22x0.81x9.32x5.63% 1.54B
8.08x0.33x3.77x3.42% 1.14B
Average 18.14x 1.19x 7.55x 4.9% 3.96B
Weighted average by Cap. 23.97x 1.81x 8.77x 4.52%

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

-40%: Exceptional extension
d
:
:
SEIZE THE OFFER!