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Norwegian (OSEAX) Food Industry Analysis

UpdatedJun 28, 2024
DataAggregated Company Financials
Companies26
  • 7D-3.8%
  • 3M-7.7%
  • 1Y6.4%
  • YTD3.3%

Over the last 7 days, the Food industry has dropped 3.7%, driven by a pullback from SalMar of 7.1%. Over the past 12 months, the industry was up 8.1%. As for the next few years, earnings are expected to grow by 36% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 28 Jun 2024NOK 367.6bNOK 253.8bNOK 9.7b35.5x38.1x1.4x
Sun, 26 May 2024NOK 391.9bNOK 254.1bNOK 10.3b39.1x37.9x1.5x
Tue, 23 Apr 2024NOK 366.9bNOK 254.1bNOK 13.1b30.3x28x1.4x
Thu, 21 Mar 2024NOK 397.7bNOK 251.0bNOK 13.2b36.9x30.1x1.6x
Sat, 17 Feb 2024NOK 373.8bNOK 247.1bNOK 11.4b39.7x32.9x1.5x
Mon, 15 Jan 2024NOK 367.9bNOK 250.5bNOK 9.5b48.3x38.6x1.5x
Wed, 13 Dec 2023NOK 365.7bNOK 254.6bNOK 9.7b49.4x37.7x1.4x
Fri, 10 Nov 2023NOK 370.6bNOK 252.8bNOK 11.4b36.8x32.4x1.5x
Sun, 08 Oct 2023NOK 360.3bNOK 246.7bNOK 10.9b36.5x33x1.5x
Tue, 05 Sep 2023NOK 368.6bNOK 246.1bNOK 10.9b36.7x33.7x1.5x
Thu, 03 Aug 2023NOK 356.3bNOK 239.7bNOK 26.8b13.6x13.3x1.5x
Sat, 01 Jul 2023NOK 345.4bNOK 240.1bNOK 27.4b14.7x12.6x1.4x
Mon, 29 May 2023NOK 380.9bNOK 241.2bNOK 27.8b15.6x13.7x1.6x
Wed, 26 Apr 2023NOK 383.6bNOK 227.7bNOK 25.8b18.9x14.9x1.7x
Fri, 24 Mar 2023NOK 365.7bNOK 224.8bNOK 25.1b18.6x14.6x1.6x
Sun, 19 Feb 2023NOK 360.6bNOK 217.2bNOK 26.9b16.3x13.4x1.7x
Tue, 17 Jan 2023NOK 357.0bNOK 213.0bNOK 26.3b15x13.6x1.7x
Thu, 15 Dec 2022NOK 337.8bNOK 211.1bNOK 26.0b13.8x13x1.6x
Sat, 12 Nov 2022NOK 314.3bNOK 205.4bNOK 25.7b12.9x12.2x1.5x
Mon, 10 Oct 2022NOK 292.4bNOK 202.7bNOK 25.0b11.9x11.7x1.4x
Wed, 07 Sep 2022NOK 409.3bNOK 199.2bNOK 24.4b17.6x16.8x2.1x
Fri, 05 Aug 2022NOK 452.4bNOK 190.8bNOK 18.8b27.4x24x2.4x
Sun, 03 Jul 2022NOK 439.0bNOK 190.3bNOK 18.2b26.9x24.2x2.3x
Tue, 31 May 2022NOK 444.1bNOK 189.2bNOK 18.1b27.3x24.6x2.3x
Thu, 28 Apr 2022NOK 479.7bNOK 180.5bNOK 17.5b26.8x27.3x2.7x
Sat, 26 Mar 2022NOK 453.5bNOK 178.1bNOK 18.2b23.3x24.9x2.5x
Mon, 21 Feb 2022NOK 446.2bNOK 181.2bNOK 18.6b21.5x24x2.5x
Wed, 19 Jan 2022NOK 416.9bNOK 171.8bNOK 15.3b28.5x27.2x2.4x
Fri, 17 Dec 2021NOK 407.2bNOK 172.4bNOK 15.5b27x26.3x2.4x
Sun, 14 Nov 2021NOK 438.9bNOK 168.2bNOK 15.2b30.6x28.9x2.6x
Tue, 12 Oct 2021NOK 425.3bNOK 163.6bNOK 15.7b32.4x27.2x2.6x
Thu, 09 Sep 2021NOK 429.0bNOK 165.2bNOK 15.9b28.8x27x2.6x
Sat, 07 Aug 2021NOK 441.2bNOK 165.2bNOK 15.9b30.7x27.7x2.7x
Price to Earnings Ratio

27.2x


Total Market Cap: NOK 433.2bTotal Earnings: NOK 15.9bTotal Revenue: NOK 165.3bTotal Market Cap vs Earnings and Revenue0%0%0%
Norwegian Food Industry Price to Earnings3Y Average 24.3x202220232024
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 38.5x which is higher than its 3-year average PE of 24.3x.
  • 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 15% 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 Market0.75%
Consumer Staples-3.79%
Food-3.79%
Agricultural Products0%
Packaged Foods and Meats-3.79%
Industry PE
  • Investors are most optimistic about the Packaged Foods and Meats industry which is trading above its 3-year average PE ratio of 24.1x.
    • Analysts are expecting annual earnings growth of 36.0%, which is higher than its past year's earnings decline of 57.3% 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 24.1x.
Forecasted Growth
  • Analysts are most optimistic on the Packaged Foods and Meats industry, expecting annual earnings growth of 36% over the next 5 years.
  • This is better than its past earnings decline of 57% per year.
  • In contrast, the Packaged Foods and Meats industry is expected to see its earnings grow by 36% 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
AKBM Aker BioMarineNOK 80.005.5%
+NOK 368.3m		134.9%PS1.9x
TORG TorgnesNOK 82.5010.0%
+NOK 85.8m		n/an/a
SALME Salmon EvolutionNOK 7.701.6%
+NOK 69.8m		21.1%PS13.4x
NOHAL Nordic HalibutNOK 24.605.1%
+NOK 46.9m		-26.3%PS11.1x
NCOD NorcodNOK 16.456.5%
+NOK 43.8m		-46.9%PS2.7x
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Latest News

ISLAX

NOK 112.00

Icelandic Salmon

7D

0.9%

1Y

-27.7%

KLDVK

NOK 25.20

Kaldvik

7D

-7.4%

1Y

-13.1%

KING

NOK 7.00

Kingfish

7D

4.5%

1Y

-21.3%

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Jun 26
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MOWI

NOK 177.95

Mowi

7D

-2.9%

1Y

4.6%

SALME

NOK 7.70

Salmon Evolution

7D

1.6%

1Y

21.1%

ORK

NOK 86.95

Orkla

7D

-1.6%

1Y

12.8%

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Jun 21
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LSG

NOK 43.18

Lerøy Seafood Group

7D

-6.9%

1Y

6.0%

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Jun 17
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NCOD

NOK 16.45

Norcod

7D

6.5%

1Y

-46.9%

AKBM

NOK 80.00

Aker BioMarine

7D

5.5%

1Y

134.9%

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Jun 03
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AUSS

NOK 82.25

Austevoll Seafood

7D

-4.6%

1Y

10.9%

SALM

NOK 561.00

SalMar

7D

-6.9%

1Y

29.6%

NOHAL

NOK 24.60

Nordic Halibut

7D

5.1%

1Y

-26.3%

NOAP

NOK 133.00

Nordic Aqua Partners

7D

-11.9%

1Y

73.9%

BAKKA

NOK 557.50

P/F Bakkafrost

7D

-1.6%

1Y

-13.2%

AFISH

NOK 52.50

Arctic Fish Holding

7D

1.0%

1Y

-43.9%