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 9,802 - -
Change - -24.1% 2.25% 1.64% 27.27% -9.76% - -
Enterprise Value (EV) 1 12,077 9,971 10,187 10,402 13,516 12,863 12,718 12,538
Change - -17.44% 2.17% 2.11% 29.94% -4.83% -1.13% -1.41%
P/E 21.1x 10.5x 18.9x 18.1x 14.9x 32.6x 13.6x 11.4x
PBR 3.43x 2.34x 2.34x 2.22x 2.48x 2.28x 2.19x 2.07x
PEG - 0.2x -0.4x 3.11x 0.3x -0.6x 0x 0.6x
Capitalization / Revenue 2.57x 1.66x 1.53x 1.52x 1.9x 1.53x 1.42x 1.35x
EV / Revenue 2.87x 2.02x 1.85x 1.86x 2.36x 2.01x 1.84x 1.73x
EV / EBITDA 17.5x 8.45x 8.34x 10.1x 14.2x 9.34x 8.04x 7.18x
EV / EBIT 23.1x 9.92x 9.91x 12.5x 18.6x 13.4x 11x 9.41x
EV / FCF 20.5x 32.2x 17.1x 19.2x 27.3x 27.5x 16.6x 14.7x
FCF Yield 4.87% 3.11% 5.85% 5.21% 3.66% 3.64% 6.02% 6.81%
Dividend per Share 2 0.3626 0.6739 0.6337 0.5649 0.5909 0.7852 0.9412 1.237
Rate of return 1.73% 4.24% 3.9% 3.42% 2.87% 4.22% 5.06% 6.65%
EPS 2 0.99 1.51 0.86 0.91 1.38 0.5698 1.37 1.632
Distribution rate 36.6% 44.6% 73.7% 62.1% 42.8% 138% 68.7% 75.8%
Net sales 1 4,208 4,946 5,506 5,604 5,720 6,414 6,894 7,259
EBITDA 1 690.3 1,179 1,221 1,030 948.9 1,377 1,581 1,747
EBIT 1 522.6 1,005 1,028 828.9 726.8 962.9 1,159 1,333
Net income 1 511.8 782.4 444.4 468.5 717.9 304.4 723.2 852.4
Net Debt 1 1,257 1,759 1,790 1,867 2,654 3,062 2,916 2,736
Reference price 2 20.92 15.88 16.24 16.50 20.60 18.59 18.59 18.59
Nbr of stocks (in thousands) 5,17,111 5,17,111 5,17,111 5,17,111 5,27,291 5,27,291 - -
Announcement Date 16/02/22 14/02/23 14/02/24 12/02/25 11/02/26 - - -
1EUR in Million2EUR
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
32.63x2.01x9.34x4.22% 1.1TCr
19.66x2.7x13.49x4.2% 23TCr
18.1x2.36x14.09x3.54% 7.43TCr
15.92x1.67x9.48x3.97% 4.28TCr
14.9x0.53x9.56x2.59% 3.88TCr
19.39x2.97x12.07x3.6% 3.22TCr
35.68x3.08x17.97x1.04% 3.15TCr
25.03x5.24x16.69x3.35% 2.84TCr
-7.82x1.76x8.76x7.23% 2.63TCr
Average 19.28x 2.48x 12.38x 3.75% 5.75TCr
Weighted average by Cap. 18.90x 2.52x 12.98x 3.84%

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