Header cover image

Norwegian (OSEAX) Food Industry Analysis

UpdatedJun 15, 2024
DataAggregated Company Financials
Companies26
  • 7D1.4%
  • 3M-0.8%
  • 1Y5.6%
  • YTD9.2%

Over the last 7 days, the Food industry has dropped 1.1%, driven by a pullback from SalMar of 6.6%. As for the longer term, the industry's performance has been flat for the past year. As for the next few years, earnings are expected to grow by 35% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 15 Jun 2024kr388.2bkr253.7bkr10.2b39.9x38.2x1.5x
Mon, 13 May 2024kr399.7bkr254.1bkr12.1b35.1x33x1.6x
Wed, 10 Apr 2024kr391.9bkr253.0bkr13.4b31.4x29.3x1.5x
Fri, 08 Mar 2024kr394.1bkr249.9bkr13.2b35.9x29.9x1.6x
Sun, 04 Feb 2024kr370.7bkr251.9bkr9.6b47.9x38.7x1.5x
Tue, 02 Jan 2024kr356.0bkr250.1bkr9.5b46.3x37.3x1.4x
Thu, 30 Nov 2023kr369.8bkr253.4bkr9.7b48x38.2x1.5x
Sat, 28 Oct 2023kr347.4bkr248.4bkr11.0b35.7x31.6x1.4x
Mon, 25 Sep 2023kr377.0bkr246.0bkr10.9b37.1x34.6x1.5x
Wed, 23 Aug 2023kr352.7bkr241.8bkr27.0b13.2x13.1x1.5x
Fri, 21 Jul 2023kr354.1bkr239.6bkr26.8b13.6x13.2x1.5x
Sun, 18 Jun 2023kr366.3bkr239.0bkr27.3b15.1x13.4x1.5x
Tue, 16 May 2023kr387.2bkr235.3bkr27.2b15.6x14.3x1.6x
Thu, 13 Apr 2023kr367.1bkr226.1bkr25.3b17.7x14.5x1.6x
Sat, 11 Mar 2023kr345.4bkr225.1bkr25.1b16.9x13.7x1.5x
Mon, 06 Feb 2023kr365.6bkr214.9bkr26.5b16.1x13.8x1.7x
Wed, 04 Jan 2023kr348.3bkr212.5bkr26.2b14.4x13.3x1.6x
Fri, 02 Dec 2022kr323.9bkr209.4bkr25.9b13.3x12.5x1.5x
Sun, 30 Oct 2022kr299.1bkr201.9bkr24.9b14.1x12x1.5x
Tue, 27 Sep 2022kr373.9bkr202.4bkr25.1b16.2x14.9x1.8x
Thu, 25 Aug 2022kr429.4bkr192.1bkr20.2b26.3x21.3x2.2x
Sat, 23 Jul 2022kr440.0bkr191.8bkr19.0b26.4x23.2x2.3x
Mon, 20 Jun 2022kr441.6bkr191.3bkr18.1b27.1x24.4x2.3x
Wed, 18 May 2022kr441.3bkr187.2bkr18.5b21.3x23.8x2.4x
Fri, 15 Apr 2022kr469.3bkr178.4bkr18.0b26.2x26.1x2.6x
Sun, 13 Mar 2022kr419.3bkr179.9bkr18.4b20.7x22.8x2.3x
Tue, 08 Feb 2022kr443.9bkr172.1bkr15.3b31.4x28.9x2.6x
Thu, 06 Jan 2022kr418.3bkr171.5bkr15.4b27.5x27.1x2.4x
Sat, 04 Dec 2021kr398.6bkr173.2bkr15.6b26.5x25.5x2.3x
Mon, 01 Nov 2021kr454.1bkr163.0bkr15.6b36x29.1x2.8x
Wed, 29 Sep 2021kr437.7bkr164.7bkr15.8b32.4x27.7x2.7x
Fri, 27 Aug 2021kr439.5bkr165.2bkr15.9b30.1x27.6x2.7x
Sat, 03 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 37.1x 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-2.15%
Consumer Staples1.37%
Food1.37%
Packaged Foods and Meats1.37%
Agricultural Products0%
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 Orklakr90.202.3%
+kr2.0b		14.4%PE16.7x
MOWI Mowikr189.451.0%
+kr1.0b		2.5%PE25.7x
BAKKA P/F Bakkafrostkr580.002.7%
+kr918.4m		-17.5%PE25.2x
LSG Lerøy Seafood Groupkr46.703.0%
+kr797.9m		6.1%PE102x
SALM SalMarkr605.000.7%
+kr527.0m		30.8%PE45.8x
Simply Wall St™
Simply Wall Street Pty Ltd
Level 7, 320 Pitt Street, Sydney
Download on the App StoreGet it on Google Play
Popular Markets
USAUUKINCAZA
About UsCareersPlansLogin
Help CenterLatest CoveragePodcastsAffiliate ProgramBusiness & Enterprise
Financial Services GuideTerms and ConditionsPrivacy Policy
Simply Wall Street Pty Ltd (ACN 600 056 611), is a Corporate Authorised Representative (Authorised Representative Number: 467183) of Sanlam Private Wealth Pty Ltd (AFSL No. 337927). Any advice contained in this website is general advice only and has been prepared without considering your objectives, financial situation or needs. You should not rely on any advice and/or information contained in this website and before making any investment decision we recommend that you consider whether it is appropriate for your situation and seek appropriate financial, taxation and legal advice. Please read our Financial Services Guide before deciding whether to obtain financial services from us.

Latest News

GSF

kr73.00

Grieg Seafood

7D

3.4%

1Y

-6.0%

IFISH

kr26.60

Ice Fish Farm

7D

-3.6%

1Y

-0.7%

ORK

kr90.20

Orkla

7D

2.3%

1Y

14.4%

SALME

kr7.95

Salmon Evolution

7D

-1.1%

1Y

22.1%

AUSS

kr85.80

Austevoll Seafood

7D

1.3%

1Y

13.0%

ASA

kr9.72

Atlantic Sapphire

7D

-12.8%

1Y

-88.2%

PROXI

kr3.43

Proximar Seafood

7D

-4.7%

1Y

-34.0%

MOWI

kr189.45

Mowi

7D

1.0%

1Y

2.5%

SALM

kr605.00

SalMar

7D

0.7%

1Y

30.8%

ISLAX

kr113.00

Icelandic Salmon

7D

-5.0%

1Y

-25.7%

ANDF

kr31.30

Andfjord Salmon Group

7D

-3.4%

1Y

-26.7%

LSG

kr46.70

Lerøy Seafood Group

7D

3.0%

1Y

6.1%

NOAP

kr162.00

Nordic Aqua Partners

7D

-2.4%

1Y

107.7%

BAKKA

kr580.00

P/F Bakkafrost

7D

2.7%

1Y

-17.5%

GIGA

kr6.86

Gigante Salmon

7D

-3.4%

1Y

-36.5%

AFISH

kr55.00

Arctic Fish Holding

7D

4.8%

1Y

-41.5%