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Norwegian (OSEAX) Food Industry Analysis

UpdatedJun 12, 2024
DataAggregated Company Financials
Companies26
  • 7D-1.1%
  • 3M-4.0%
  • 1Y2.9%
  • YTD6.1%

Over the last 7 days, the Food industry has dropped 1.1%, driven by SalMar declining 4.9%. Over the last year, the industry has been flat overall. Earnings are forecast to grow by 35% annually.

Industry Valuation and Performance

Has the Norwegian Food Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 13 Jun 2024kr377.1bkr254.2bkr10.2b39.9x37x1.5x
Sat, 11 May 2024kr390.6bkr254.1bkr12.1b31.5x32.3x1.5x
Mon, 08 Apr 2024kr388.1bkr253.3bkr13.4b31.1x29x1.5x
Wed, 06 Mar 2024kr395.8bkr250.6bkr13.2b35.9x30x1.6x
Fri, 02 Feb 2024kr367.6bkr251.1bkr9.6b47.1x38.5x1.5x
Sun, 31 Dec 2023kr356.0bkr250.1bkr9.5b46.3x37.3x1.4x
Tue, 28 Nov 2023kr372.2bkr253.3bkr9.7b48.8x38.5x1.5x
Thu, 26 Oct 2023kr350.5bkr248.6bkr11.0b35.2x31.8x1.4x
Sat, 23 Sep 2023kr377.0bkr245.9bkr10.9b37.1x34.6x1.5x
Mon, 21 Aug 2023kr358.4bkr242.1bkr27.1b13.4x13.2x1.5x
Wed, 19 Jul 2023kr342.5bkr239.9bkr26.9b13.6x12.7x1.4x
Fri, 16 Jun 2023kr360.4bkr238.5bkr27.2b14.8x13.2x1.5x
Sun, 14 May 2023kr384.5bkr235.7bkr27.2b15.5x14.1x1.6x
Tue, 11 Apr 2023kr365.2bkr225.9bkr25.3b17.8x14.5x1.6x
Thu, 09 Mar 2023kr346.4bkr224.8bkr25.1b16.8x13.8x1.5x
Sat, 04 Feb 2023kr365.6bkr214.9bkr26.5b16.1x13.8x1.7x
Mon, 02 Jan 2023kr346.1bkr211.7bkr26.1b14.4x13.3x1.6x
Wed, 30 Nov 2022kr317.5bkr210.0bkr26.0b13.2x12.2x1.5x
Fri, 28 Oct 2022kr300.2bkr201.5bkr24.8b14.3x12.1x1.5x
Sun, 25 Sep 2022kr382.3bkr202.0bkr25.0b16.4x15.3x1.9x
Tue, 23 Aug 2022kr444.1bkr190.0bkr18.7b27.5x23.7x2.3x
Thu, 21 Jul 2022kr446.8bkr191.7bkr19.0b27.1x23.6x2.3x
Sat, 18 Jun 2022kr441.6bkr191.3bkr18.1b27.1x24.4x2.3x
Mon, 16 May 2022kr437.3bkr186.5bkr18.3b21.5x23.8x2.3x
Wed, 13 Apr 2022kr468.9bkr178.2bkr18.0b26.3x26.1x2.6x
Fri, 11 Mar 2022kr412.6bkr180.0bkr18.4b20.3x22.4x2.3x
Sun, 06 Feb 2022kr437.8bkr172.1bkr15.4b31.2x28.5x2.5x
Tue, 04 Jan 2022kr418.9bkr171.7bkr15.4b27.4x27.1x2.4x
Thu, 02 Dec 2021kr401.3bkr172.5bkr15.6b26.8x25.8x2.3x
Sat, 30 Oct 2021kr451.0bkr163.0bkr15.6b36x28.9x2.8x
Mon, 27 Sep 2021kr436.2bkr164.5bkr15.8b33.5x27.7x2.7x
Wed, 25 Aug 2021kr445.3bkr165.2bkr15.9b30.1x27.9x2.7x
Thu, 01 Jul 2021kr433.2bkr165.3bkr15.9b28.3x27.2x2.6x
Price to Earnings Ratio

27.2x


Total Market Cap: kr433.2bTotal Earnings: kr15.9bTotal Revenue: kr165.3bTotal Market Cap vs Earnings and Revenue0%0%0%
Norwegian Food Industry Price to Earnings3Y Average 24.1x202220232024
Current Industry PE
  • Investors are optimistic on the Norwegian Food industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 37.0x which is higher than its 3-year average PE of 24.1x.
  • The 3-year average PS ratio of 1.9x is higher than the industry's current PS ratio of 1.5x.
Past Earnings Growth
  • The earnings for companies in the Food industry have declined 14% per year over the last three years.
  • Meanwhile revenues for these companies have grown 15% per year.
  • This means that although more sales are being generated, either the cost of doing business or the level of investment back into businesses has increased, which has decreased profits.

Industry Trends

Which industries have driven the changes within the Norwegian Consumer Staples industry?

NO Market-0.59%
Consumer Staples-1.14%
Food-1.14%
Agricultural Products0%
Packaged Foods and Meats-1.14%
Industry PE
  • Investors are most optimistic about the Packaged Foods and Meats industry which is trading above its 3-year average PE ratio of 23.9x.
    • Analysts are expecting annual earnings growth of 35.4%, which is higher than its past year's earnings decline of 61.0% per year.
  • Investors are most pessimistic about the Packaged Foods and Meats industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average of 23.9x.
Forecasted Growth
  • Analysts are most optimistic on the Packaged Foods and Meats industry, expecting annual earnings growth of 35% over the next 5 years.
  • This is better than its past earnings decline of 61% per year.
  • In contrast, the Packaged Foods and Meats industry is expected to see its earnings grow by 35% per year over the next few years.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
ORK Orklakr87.251.6%
+kr1.3b		13.4%PE16.2x
IFISH Ice Fish Farmkr28.007.7%
+kr244.5m		3.7%PE46.4x
BAKKA P/F Bakkafrostkr561.500.7%
+kr237.0m		-20.2%PE24.3x
NOHAL Nordic Halibutkr23.005.5%
+kr46.9m		-29.0%PS10.4x
BARRA Barramundi Groupkr2.446.1%
+kr5.7m		-47.9%PS0.4x
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Latest News

IFISH

kr28.00

Ice Fish Farm

7D

7.7%

1Y

3.7%

SALME

kr7.60

Salmon Evolution

7D

-5.4%

1Y

12.9%

AUSS

kr83.80

Austevoll Seafood

7D

-0.9%

1Y

7.4%

BARRA

kr2.44

Barramundi Group

7D

6.1%

1Y

-47.9%

MOWI

kr185.20

Mowi

7D

-0.1%

1Y

-0.7%

SALM

kr585.00

SalMar

7D

-5.6%

1Y

25.1%

NOHAL

kr23.00

Nordic Halibut

7D

5.5%

1Y

-29.0%

ISLAX

kr112.00

Icelandic Salmon

7D

-6.7%

1Y

-27.3%

ANDF

kr31.70

Andfjord Salmon Group

7D

-3.1%

1Y

-28.3%

LSG

kr44.22

Lerøy Seafood Group

7D

-1.7%

1Y

-3.1%

ORK

kr87.25

Orkla

7D

1.6%

1Y

13.4%

Orkla (OB:ORK) Hasn't Managed To Accelerate Its Returns

May 22
Orkla (OB:ORK) Hasn't Managed To Accelerate Its Returns

BAKKA

kr561.50

P/F Bakkafrost

7D

0.7%

1Y

-20.2%

GSF

kr69.75

Grieg Seafood

7D

-1.9%

1Y

-14.2%