Norcod (MUN:NO9) - Stock Price, News & Analysis

NO9 Stock Overview

Engages in the farming, production, operation, distribution, marketing, and sale of farmed cod products in Norway and internationally. More details

NO9 fundamental analysis
Snowflake Score
Valuation	0/6
Future Growth	0/6
Past Performance	0/6
Financial Health	2/6
Dividends	0/6

Risk Analysis

Earnings have declined by 53.7% per year over past 5 years

Has less than 1 year of cash runway

Shareholders have been diluted in the past year

Does not have a meaningful market cap (€805M)

+ 1 more risk

Norcod AS Competitors

Schwälbchen Molkerei Jakob Berz

DB:SMB

€55.8m

FRoSTA

DB:NLM

€415.6m

Südwestdeutsche Salzwerke

DB:SSH

€630.5m

Veganz Group

XTRA:VEZ

€7.2m

Price History & Performance

Summary of all time highs, changes and price drops for Norcod
Historical stock prices
Current Share Price	NOK 1.58
52 Week High	NOK 2.66
52 Week Low	NOK 1.01
Beta	0.70
11 Month Change	-13.22%
3 Month Change	-19.64%
1 Year Change	3.96%
33 Year Change	n/a
5 Year Change	n/a
Change since IPO	-72.27%

Recent updates

Shareholder Returns

	NO9	DE Food	DE Market
7D	-4.5%	-0.8%	0.2%
1Y	4.0%	-8.5%	8.5%

Return vs Industry: NO9 exceeded the German Food industry which returned -8.5% over the past year.

Return vs Market: NO9 underperformed the German Market which returned 8.5% over the past year.

Price Volatility

Is NO9's price volatile compared to industry and market?
NO9 volatility
NO9 Average Weekly Movement	7.0%
Food Industry Average Movement	3.8%
Market Average Movement	4.8%
10% most volatile stocks in DE Market	10.9%
10% least volatile stocks in DE Market	2.3%

Stable Share Price: NO9's share price has been volatile over the past 3 months compared to the German market.

Volatility Over Time: NO9's weekly volatility (7%) has been stable over the past year, but is still higher than 75% of German stocks.

About the Company

Founded	Employees	CEO	Website
2018	93	Christian Riber	www.norcod.no

Norcod AS engages in the farming, production, operation, distribution, marketing, and sale of farmed cod products in Norway and internationally. The company was incorporated in 2018 and is headquartered in Trondheim, Norway.

Norcod AS Fundamentals Summary

How do Norcod's earnings and revenue compare to its market cap?
NO9 fundamental statistics
Market cap	€69.81m
Earnings (TTM)	-€26.41m
Revenue (TTM)	€30.94m

2.3x

P/S Ratio

-2.6x

P/E Ratio

Is NO9 overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
NO9 income statement (TTM)
Revenue	NOK 356.92m
Cost of Revenue	NOK 400.84m
Gross Profit	-NOK 43.92m
Other Expenses	NOK 260.76m
Earnings	-NOK 304.67m

Last Reported Earnings

Sep 30, 2024

Next Earnings Date

Feb 13, 2025

Earnings per share (EPS)	-6.96
Gross Margin	-12.31%
Net Profit Margin	-85.36%
Debt/Equity Ratio	74.7%

How did NO9 perform over the long term?

See historical performance and comparison

Norcod MUN:NO9 Stock Report