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Mowi ASAOB:MOWI Stock Report

Market Cap NOK 100.0b
Share Price
NOK 189.60
NOK 238.44
20.5% undervalued intrinsic discount
1Y-0.4%
7D-3.1%
1D
Portfolio Value
View

Mowi ASA

OB:MOWI Stock Report

Market Cap: NOK 100.0b

MOWI Community Fair Values

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Mowi ASA Competitors

Price History & Performance

Summary of share price highs, lows and changes for Mowi
Historical stock prices
Current Share PriceNOK 189.60
52 Week HighNOK 245.80
52 Week LowNOK 182.60
Beta0.59
1 Month Change-2.52%
3 Month Change-14.21%
1 Year Change-0.42%
3 Year Change5.19%
5 Year Change-18.91%
Change since IPO-97.29%

Recent News & Updates

Narrative Update Jun 03

MOWI: Dividend Support And Recent Upgrades Will Drive Future Upside Potential

Mowi's analyst price target has been trimmed by about NOK 4 to NOK 238, with analysts pointing to slightly softer revenue growth and profit margin assumptions, partly offset by supportive recent upgrades and dividend-focused Buy ratings in the NOK 220 to NOK 245 range. Analyst Commentary Recent research has focused on refining price targets and ratings around Mowi, with most updates clustered in a NOK 220 to NOK 245 range and centered on dividend support and risk/reward over the next year.

Recent updates

Narrative Update Jun 03

MOWI: Dividend Support And Recent Upgrades Will Drive Future Upside Potential

Mowi's analyst price target has been trimmed by about NOK 4 to NOK 238, with analysts pointing to slightly softer revenue growth and profit margin assumptions, partly offset by supportive recent upgrades and dividend-focused Buy ratings in the NOK 220 to NOK 245 range. Analyst Commentary Recent research has focused on refining price targets and ratings around Mowi, with most updates clustered in a NOK 220 to NOK 245 range and centered on dividend support and risk/reward over the next year.
Narrative Update May 09

MOWI: Higher Earnings Power And P/E Re Rating Will Support Upside Potential

Analysts have raised their price target on Mowi by NOK 10 to NOK 242, citing updated assumptions for revenue growth, profit margins and future P/E multiples reflected in recent research. Analyst Commentary Bullish Takeaways Bullish analysts view the NOK 242 target as supported by updated assumptions for revenue growth and margins that they consider achievable if Mowi executes on its current plan.
Narrative Update Apr 25

MOWI: Higher Earnings Power And P/E Re Rating Will Drive Returns

Analysts have raised their price target on Mowi by NOK 10 to reflect updated views on growth, profitability and valuation, following recent research including the latest move from Berenberg. Analyst Commentary Bullish Takeaways Bullish analysts view the NOK 10 price target increase as a signal that their updated assumptions on Mowi's growth and profitability support a higher equity value.
Narrative Update Apr 10

MOWI: Future P/E And Revenue Outlook Will Drive Returns Forward

Mowi's analyst price target has been adjusted slightly to NOK 248.67 from NOK 250.00, as analysts balance a higher revenue outlook and updated P/E assumptions with mixed recent research that includes both a Berenberg price target increase and a more cautious stance from Pareto. Analyst Commentary Recent research reflects a split view on Mowi, with one group of bullish analysts lifting their price targets and more cautious analysts turning increasingly wary on the shares.
Analysis Article Apr 02

Mowi's (OB:MOWI) Earnings May Just Be The Starting Point

The subdued stock price reaction suggests that Mowi ASA's ( OB:MOWI ) strong earnings didn't offer any surprises. Our...
Narrative Update Mar 27

MOWI: Higher Future P/E Assumptions Will Shape Returns Despite Softer Margins

The analyst price target for Mowi has shifted to NOK 250 from NOK 246. Analysts cite updated assumptions around slightly lower revenue growth, a modestly softer profit margin, and a higher expected future P/E multiple in light of recent Street research signals, including both a NOK 10 target increase from one firm and a downgrade from another.
Narrative Update Mar 13

MOWI: Cost Savings And Harvest Volumes Will Shape Returns Despite Softer Sentiment

Analysts have nudged their price target for Mowi slightly higher to around NOK 246, reflecting modest adjustments to fair value assumptions, even as recent Street research has turned more cautious on the shares. Analyst Commentary Bullish Takeaways Bullish analysts still see room for upside to their fair value estimates around NOK 246, suggesting they view the current share price as not fully reflecting Mowi's earnings power.
Narrative Update Feb 26

MOWI: Cost Efficiencies And Harvest Volumes Will Support Returns Despite Mixed Sentiment

Narrative Update on Mowi Analysts have nudged their price target for Mowi slightly higher, from NOK242.51 to NOK245.51. They cite updated assumptions for revenue growth, profit margins and future P/E that underpin a modestly stronger outlook, despite a recent downgrade in Street research sentiment.
Narrative Update Feb 11

MOWI: Cost Savings And Harvest Volumes Will Support Returns Despite Cautious Sentiment

Analysts have trimmed their Mowi price target from NOK246.72 to NOK242.51, citing updated assumptions for the discount rate, revenue growth, profit margins and future P/E, alongside a recent downgrade in Street research sentiment. Analyst Commentary Recent Street research has turned more cautious on Mowi, with at least one firm moving to a more bearish stance.
Narrative Update Jan 27

MOWI: Cost Savings And Harvest Volumes Will Support Returns After Downgrades

Mowi's updated analyst price target has shifted from NOK 256.36 to NOK 246.72, as analysts factor in slightly softer assumptions for revenue growth and profit margins, along with recent downgrades from Buy to Hold by multiple firms. Analyst Commentary Recent research updates point to a more cautious stance on Mowi, with multiple downgrades to Hold as analysts reassess the balance between growth expectations, margins, and current valuation.
Narrative Update Jan 11

MOWI: Harvest Volumes And Dividends Will Support Returns After Hold Downgrade

Analysts have trimmed their price target on Mowi slightly to about €256 from roughly €257, citing updated assumptions for revenue growth, profit margins and future P/E, alongside a recent shift in Street ratings toward a Hold stance. Analyst Commentary Recent Street commentary around Mowi has turned more cautious, with the latest move being a downgrade to Hold.
Analysis Article Dec 31

Mowi ASA's (OB:MOWI) Earnings Haven't Escaped The Attention Of Investors

With a price-to-earnings (or "P/E") ratio of 27.4x Mowi ASA ( OB:MOWI ) may be sending very bearish signals at the...
Narrative Update Dec 18

MOWI: Future Harvest Volumes And Dividends Will Offset Downgrade And Execution Risks

Analysts have raised their price target on Mowi by approximately NOK 10 to around NOK 257 per share, reflecting a modestly higher fair value despite slightly softer growth and margin assumptions and a recent downgrade to Hold. Analyst Commentary Analysts acknowledge that Mowi remains a high quality salmon producer with solid fundamentals, but the recent downgrade to Hold and modest price target increase signal a more balanced risk reward profile.
Analysis Article Dec 06

Is Mowi (OB:MOWI) A Risky Investment?

Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...
Narrative Update Dec 04

MOWI: Future Margins And Harvest Volumes Will Balance Downgrade And Pricing Risks

Analysts have modestly raised their price target for Mowi from approximately NOK 243 to NOK 248, reflecting expectations of stronger profit margins and a lower future P/E multiple, even as top-line growth assumptions are trimmed and one major firm shifts to a more cautious Hold stance. Analyst Commentary Analyst sentiment around Mowi has become more balanced, with the recent downgrade to Hold signaling that upside from current levels may be more limited even as fundamentals remain broadly solid.
Narrative Update Nov 19

MOWI: Elevated Harvest Volumes And Dividend Plans Will Offset Margin Concerns

Narrative Update on Mowi: Analyst Price Target Revision Analysts have raised their price target for Mowi from €236.47 to €242.97. This revision reflects recent research updates that incorporate higher projected revenue growth.
Narrative Update Nov 01

MOWI: Resilient Margins And Market Volatility Will Define Forward Performance

Narrative Update on Mowi: Analyst Price Target Change Analysts have raised their fair value estimate for Mowi to NOK 236.47 from NOK 230.90. This adjustment reflects recent changes in revenue growth outlook and profit margin assumptions, even as some research firms have issued a broader industry downgrade to Hold.
Narrative Update Oct 18

Normalized Supply And Efficiency Will Unlock Salmon Value

Analysts have raised their price target for Mowi from NOK 225.03 to NOK 230.90. They cite modest improvements in forecasted revenue growth and profit margins as the basis for this upward revision.
Narrative Update Oct 04

Normalized Supply And Efficiency Will Unlock Salmon Value

Analysts have raised Mowi's fair value estimate from NOK 218.60 to NOK 225.03. This reflects modest improvements in revenue growth expectations and maintains overall confidence in the company's long-term outlook.
Analysis Article Sep 30

Mowi ASA's (OB:MOWI) P/E Is On The Mark

Mowi ASA's ( OB:MOWI ) price-to-earnings (or "P/E") ratio of 28x might make it look like a strong sell right now...
Narrative Update Sep 19

Normalized Supply And Efficiency Will Unlock Salmon Value

Mowi’s consensus analyst price target was marginally lowered, reflecting stable expectations for both future P/E and net profit margin, with fair value revised slightly from NOK221.64 to NOK218.60. What's in the News Mowi declared a quarterly distribution of NOK 1.45 per share.
Narrative Update Sep 04

Normalized Supply And Efficiency Will Unlock Salmon Value

Mowi’s future P/E has risen sharply, suggesting higher growth expectations or a potential earnings decline, while net profit margin is stable, resulting in an unchanged analyst price target of NOK221.64. What's in the News Mowi ASA declared a decreased quarterly dividend of NOK 1.45 per share.
Analysis Article Aug 28

There May Be Some Bright Spots In Mowi's (OB:MOWI) Earnings

Soft earnings didn't appear to concern Mowi ASA's ( OB:MOWI ) shareholders over the last week. We did some digging, and...
Analysis Article Aug 23

Mowi (OB:MOWI) Is Reducing Its Dividend To €1.45

Mowi ASA ( OB:MOWI ) is reducing its dividend from last year's comparable payment to €1.45 on the 8th of September...
Analysis Article Aug 03

Is There Now An Opportunity In Mowi ASA (OB:MOWI)?

Mowi ASA ( OB:MOWI ), might not be a large cap stock, but it had a relatively subdued couple of weeks in terms of...
Analysis Article Jun 30

We Think Mowi (OB:MOWI) Is Taking Some Risk With Its Debt

Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...
User avatar
New Narrative Nov 25

Riding The Waves Of Robust Growth With Enhanced Profit Margins And Strategic Choices

Mowi's growth plan and superior farming volumes are expected to significantly drive revenue growth and market share in the coming years.

Shareholder Returns

MOWINO FoodNO Market
7D-3.1%-3.1%-1.5%
1Y-0.4%-5.2%15.3%

Return vs Industry: MOWI exceeded the Norwegian Food industry which returned -5.2% over the past year.

Return vs Market: MOWI underperformed the Norwegian Market which returned 15.3% over the past year.

Price Volatility

Is MOWI's price volatile compared to industry and market?
MOWI volatility
MOWI Average Weekly Movement3.2%
Food Industry Average Movement5.8%
Market Average Movement5.5%
10% most volatile stocks in NO Market11.4%
10% least volatile stocks in NO Market3.1%

Stable Share Price: MOWI has not had significant price volatility in the past 3 months compared to the Norwegian market.

Volatility Over Time: MOWI's weekly volatility (3%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
196412,749Ivan Vindheimwww.mowi.com

Mowi ASA, a seafood company, produces and sells Atlantic salmon products worldwide. It operates through Feed, Farming, Markets, Consumer Products, and other segments. The company is involved in salmon feed production, salmon farming and primary processing, and seafood secondary processing activities.

Mowi ASA Fundamentals Summary

How do Mowi's earnings and revenue compare to its market cap?
MOWI fundamental statistics
Market capNOK 99.97b
Earnings (TTM)NOK 9.31b
Revenue (TTM)NOK 64.94b
10.7x
P/E Ratio
1.5x
P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
MOWI income statement (TTM)
Revenue€5.91b
Cost of Revenue€3.15b
Gross Profit€2.76b
Other Expenses€1.92b
Earnings€847.10m

Last Reported Earnings

Mar 31, 2026

Next Earnings Date

Aug 19, 2026

Earnings per share (EPS)1.61
Gross Margin46.73%
Net Profit Margin14.33%
Debt/Equity Ratio63.5%

How did MOWI perform over the long term?

See historical performance and comparison

Dividends

3.2%
Current Dividend Yield
36%
Payout Ratio

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/06/11 23:29
End of Day Share Price 2026/06/11 00:00
Earnings2026/03/31
Annual Earnings2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Mowi ASA is covered by 21 analysts. 10 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
null nullABG Sundal Collier
Alexander SloaneBarclays
Setu ShardaBarclays