How does 96M's PB Ratio compare to its peers?

96M is good value based on its Price-To-Book Ratio (1.9x) compared to the peer average (3.5x).

How does 96M's PB Ratio compare vs other companies in the European Food Industry?

96M is expensive based on its Price-To-Book Ratio (1.9x) compared to the European Food industry average (1.2x).

What is 96M's PB Ratio compared to its Fair PB Ratio? This is the expected PB Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

Insufficient data to calculate 96M's Price-To-Book Fair Ratio for valuation analysis.

What is the Fair Price of 96M when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

96M (€0.65) is trading below our estimate of [[fair value]] (€6.08)

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Target price is more than 20% higher than the current share price, but there are not enough analysts covering the stock to determine [[statistical confidence]] in agreement.

Gigante Salmon DB:96M Stock Report

Last Price

€0.65

Market Cap

€116.7m

7D

-4.1%

1Y

-17.3%

Updated

20 Jan, 2025

Data

Company Financials +

Gigante Salmon AS

DB:96M Stock Report

Market Cap: €116.7m

96M Stock Overview

Engages in the land-based salmon farming business in Norway. More details

96M fundamental analysis
Snowflake Score
Valuation	3/6
Future Growth	5/6
Past Performance	0/6
Financial Health	2/6
Dividends	0/6

Rewards

Trading at 89.3% below our estimate of its fair value

Earnings are forecast to grow 142.49% per year

Risk Analysis

Makes less than USD$1m in revenue (NOK-108K)

Shareholders have been diluted in the past year

My Notes

Capture your thoughts, links and company narrative

Gigante Salmon AS Competitors

Schwälbchen Molkerei Jakob Berz

DB:SMB

€58.4m

FRoSTA

DB:NLM

€483.7m

Südwestdeutsche Salzwerke

DB:SSH

€593.7m

Veganz Group

XTRA:VEZ

€8.5m

Price History & Performance

Summary of share price highs, lows and changes for Gigante Salmon
Historical stock prices
Current Share Price	NOK 0.65
52 Week High	NOK 0.79
52 Week Low	NOK 0.46
Beta	0.099
1 Month Change	7.24%
3 Month Change	3.16%
1 Year Change	-17.26%
3 Year Change	48.52%
5 Year Change	n/a
Change since IPO	30.40%

Recent News & Updates

Recent updates

Shareholder Returns

	96M	DE Food	DE Market
7D	-4.1%	0.3%	3.0%
1Y	-17.3%	-7.8%	12.8%

Return vs Industry: 96M underperformed the German Food industry which returned -7.8% over the past year.

Return vs Market: 96M underperformed the German Market which returned 12.8% over the past year.

Price Volatility

Is 96M's price volatile compared to industry and market?
96M volatility
96M Average Weekly Movement	6.1%
Food Industry Average Movement	3.9%
Market Average Movement	4.8%
10% most volatile stocks in DE Market	11.5%
10% least volatile stocks in DE Market	2.4%

Stable Share Price: 96M has not had significant price volatility in the past 3 months compared to the German market.

Volatility Over Time: 96M's weekly volatility (6%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
2001	18	Kjell Lorentsen	gigantesalmon.no

Gigante Salmon AS engages in the land-based salmon farming business in Norway. The company was incorporated in 2001 and is headquartered in Bodø, Norway.

Gigante Salmon AS Fundamentals Summary

How do Gigante Salmon's earnings and revenue compare to its market cap?
96M fundamental statistics
Market cap	€116.71m
Earnings (TTM)	-€171.81k
Revenue (TTM)	n/a

9,999x

P/S Ratio

-679.3x

P/E Ratio

Is 96M overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
96M income statement (TTM)
Revenue	-NOK 108.00k
Cost of Revenue	-NOK 13.73m
Gross Profit	NOK 13.63m
Other Expenses	NOK 15.65m
Earnings	-NOK 2.02m

Last Reported Earnings

Sep 30, 2024

Next Earnings Date

Jan 21, 2025

Earnings per share (EPS)	-0.012
Gross Margin	-12,615.74%
Net Profit Margin	1,872.22%
Debt/Equity Ratio	30.4%

How did 96M perform over the long term?

See historical performance and comparison

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2025/01/20 08:03
End of Day Share Price	2025/01/17 00:00
Earnings	2024/09/30
Annual Earnings	2023/12/31

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.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* 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 here.

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 .

Analyst Sources

Gigante Salmon AS is covered by 1 analysts. 2 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Mindaugas Cekanavicius	Norne Securities AS