Mowi ASA, a seafood company, produces and supplies farmed salmon products worldwide.
Excellent balance sheet with reasonable growth potential and pays a dividend.
Share Price & News
How has Mowi's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: PND has not had significant price volatility in the past 3 months.
7 Day Return
1 Year Return
Return vs Industry: PND underperformed the German Food industry which returned 6.7% over the past year.
Return vs Market: PND underperformed the German Market which returned 6.5% over the past year.
Price Volatility Vs. Market
How volatile is Mowi's share price compared to the market and industry in the last 5 years?
Simply Wall St News
No news available
Is Mowi undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: PND (€20.8) is trading below our estimate of fair value (€33.56)
Significantly Below Fair Value: PND is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: PND is poor value based on its PE Ratio (22.9x) compared to the Food industry average (22.1x).
PE vs Market: PND is poor value based on its PE Ratio (22.9x) compared to the German market (20x).
Price to Earnings Growth Ratio
PEG Ratio: PND is poor value based on its PEG Ratio (1.7x)
Price to Book Ratio
PB vs Industry: PND is overvalued based on its PB Ratio (3.8x) compared to the DE Food industry average (1.9x).
How is Mowi forecast to perform in the next 1 to 3 years based on estimates from 10 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: PND's forecast earnings growth (13.1% per year) is above the savings rate (-0.4%).
Earnings vs Market: PND's earnings (13.1% per year) are forecast to grow faster than the German market (13.1% per year).
High Growth Earnings: PND's earnings are forecast to grow, but not significantly.
Revenue vs Market: PND's revenue (6.2% per year) is forecast to grow faster than the German market (5.1% per year).
High Growth Revenue: PND's revenue (6.2% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: PND's Return on Equity is forecast to be high in 3 years time (23.1%)
How has Mowi performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: PND has high quality earnings.
Growing Profit Margin: PND's current net profit margins (11.5%) are lower than last year (14.9%).
Past Earnings Growth Analysis
Earnings Trend: PND's earnings have grown significantly by 24.9% per year over the past 5 years.
Accelerating Growth: PND's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: PND had negative earnings growth (-15.7%) over the past year, making it difficult to compare to the Food industry average (8.3%).
Return on Equity
High ROE: PND's Return on Equity (16.5%) is considered low.
How is Mowi's financial position?
Financial Position Analysis
Short Term Liabilities: PND's short term assets (€2.6B) exceed its short term liabilities (€776.3M).
Long Term Liabilities: PND's short term assets (€2.6B) exceed its long term liabilities (€2.2B).
Debt to Equity History and Analysis
Debt Level: PND's debt to equity ratio (50.7%) is considered high.
Reducing Debt: PND's debt to equity ratio has reduced from 76.6% to 50.7% over the past 5 years.
Debt Coverage: PND's debt is well covered by operating cash flow (51.8%).
Interest Coverage: PND's interest payments on its debt are well covered by EBIT (8.5x coverage).
Inventory Level: PND has a high level of physical assets or inventory.
Debt Coverage by Assets: PND's debt is covered by short term assets (assets are 1.8x debt).
What is Mowi's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: PND's dividend (4.84%) is higher than the bottom 25% of dividend payers in the German market (1.46%).
High Dividend: PND's dividend (4.84%) is in the top 25% of dividend payers in the German market (3.81%)
Stability and Growth of Payments
Stable Dividend: PND's dividend payments have been volatile in the past 10 years.
Growing Dividend: PND's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its high payout ratio (114.6%), PND's dividend payments are not well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: PND's dividends in 3 years are forecast to be covered by earnings (68.6% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Ivan Vindheim (48yo)
Mr. Ivan Vindheim serves as Chief Executive Officer at Mowi ASA (Marine Harvest ASA) since November 12, 2019. He had been the Chief Financial Officer at Mowi ASA (Marine Harvest ASA) since August 1, 2012 u ...
CEO Compensation Analysis
Compensation vs Market: Ivan's total compensation ($USD1.51M) is below average for companies of similar size in the German market ($USD4.64M).
Compensation vs Earnings: Ivan's compensation has been consistent with company performance over the past year.
|Chief Executive Officer||0.3yrs||€1.38m||0.00024% €26.1k|
|CTO and Head of Global R&D||0yrs||€285.00k||0.00096% €104.5k|
|Chief Operating Officer of Sales & Marketing||9.2yrs||€890.00k||0.0019% €206.9k|
|Chief Human Resource Officer||7.3yrs||€233.00k||0.00018% €19.6k|
|Chief Operating Officer of Farming Scotland & Ireland||7yrs||€921.00k||0.0014% €156.8k|
|Interim COO Farming Norway & COO of Farming Americas and Faroes||4.1yrs||€2.27m||0.00018% €19.6k|
|Chief Financial Officer||0.3yrs||no data||0.00011% €12.0k|
|Head of Treasury & Investor Relations Officer||0yrs||no data||0.00014% €15.2k|
|Managing Director of Marine Harvest Asia||19.1yrs||no data||no data|
|Managing Director of Marine Harvest Ireland||25.6yrs||no data||no data|
Experienced Management: PND's management team is seasoned and experienced (7.1 years average tenure).
|Vice Chairman of the Board||3.7yrs||€78.00k||0.000060% €6.5k|
|Chairman of the Board||0yrs||€120.00k||0.29% €31.6m|
|Employee Representative Director||3.6yrs||€42.00k||0.00020% €21.8k|
|Employee Representative Director||2.1yrs||€21.00k||0.00011% €12.0k|
|Employee Representative Director||2.1yrs||€21.00k||0.00011% €12.0k|
Experienced Board: PND's board of directors are considered experienced (3.7 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: PND insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 5.1%.
Mowi ASA's company bio, employee growth, exchange listings and data sources
- Name: Mowi ASA
- Ticker: PND
- Exchange: DB
- Founded: 1965
- Industry: Packaged Foods and Meats
- Sector: Food, Beverage & Tobacco
- Market Cap: kr111.024b
- Listing Market Cap: kr10.889b
- Shares outstanding: 517.11m
- Website: https://www.mowi.com
Number of Employees
- Mowi ASA
- Sandviksboder 77A/B
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|MOWI||OB (Oslo Bors)||Yes||Ordinary Shares||NO||NOK||Jul 1997|
|PND||DB (Deutsche Boerse AG)||Yes||Ordinary Shares||DE||EUR||Jul 1997|
|MNHV.F||OTCPK (Pink Sheets LLC)||Yes||Ordinary Shares||US||USD||Jul 1997|
|0OAW||LSE (London Stock Exchange)||Yes||Ordinary Shares||GB||NOK||Jul 1997|
|MHGV.Y||OTCPK (Pink Sheets LLC)||SPON ADS EACH REP 1 ORD SHS||US||USD||Oct 2008|
|PNDA||DB (Deutsche Boerse AG)||SPON ADS EACH REP 1 ORD SHS||DE||EUR||Oct 2008|
Mowi ASA, a seafood company, produces and supplies farmed salmon products worldwide. The company operates through three segments: Feed, Farming, and Sales and Marketing. It is involved in the salmon feed production, salmon farming and primary processing, and seafood secondary processing activities. The company offers whole gutted fish, including Label Rouge and organic salmon; and white fish and other seafood products, as well as fillets, steaks, cutlets, portions, loins, kebabs, and steak combos. It also provides value added products, such as breaded, pre-fried, dusted, marinated, grilled, battered, topped, filled with sauce, delicatessen, fresh fish ready meal, and smoked fish products. The company offers its products under the Pieters, The Irish Organic Salmon Company, Rebel Fish, Sterling, Olav's, Supreme Salmon, Ducktrap River, Kritsen, Donegal Silver, Harbour Salmon, Appeti’Marine, Mowi, Laschinger, and Admiral's brands. The company was formerly known as Marine Harvest ASA and changed its name to Mowi ASA in December 2018. Mowi ASA was founded in 1965 and is headquartered in Bergen, Norway.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/02/26 21:19|
|End of Day Share Price||2020/02/26 00:00|
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.