Grieg Seafood ASA, through its subsidiaries, operates as a fish farming company.
Grieg Seafood Competitors
Price History & Performance
|Historical stock prices|
|Current Share Price||kr84.35|
|52 Week High||kr65.40|
|52 Week Low||kr94.85|
|1 Month Change||-2.26%|
|3 Month Change||6.98%|
|1 Year Change||2.87%|
|3 Year Change||-21.54%|
|5 Year Change||32.31%|
|Change since IPO||266.74%|
Recent News & Updates
Things Look Grim For Grieg Seafood ASA (OB:GSF) After Today's Downgrade
Market forces rained on the parade of Grieg Seafood ASA ( OB:GSF ) shareholders today, when the analysts downgraded...
Grieg Seafood ASA's (OB:GSF) Intrinsic Value Is Potentially 86% Above Its Share Price
In this article we are going to estimate the intrinsic value of Grieg Seafood ASA ( OB:GSF ) by estimating the...
|GSF||NO Food||NO Market|
Return vs Industry: GSF underperformed the Norwegian Food industry which returned 16.7% over the past year.
Return vs Market: GSF underperformed the Norwegian Market which returned 25.9% over the past year.
Stable Share Price: GSF is not significantly more volatile than the rest of Norwegian stocks over the past 3 months, typically moving +/- 5% a week.
Volatility Over Time: GSF's weekly volatility (5%) has been stable over the past year.
About the Company
Grieg Seafood ASA, through its subsidiaries, operates as a fish farming company. It engages in the production and sale of Atlantic salmon. The company supplies its fish products to customers in the European Union, the United Kingdom, the United States, Canada, Asia, and other markets.
Grieg Seafood Fundamentals Summary
|GSF fundamental statistics|
Is GSF overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|GSF income statement (TTM)|
|Cost of Revenue||kr1.30b|
Last Reported Earnings
Jun 30, 2021
Next Earnings Date
Nov 03, 2021
|Earnings per share (EPS)||1.27|
|Net Profit Margin||3.69%|
How did GSF perform over the long term?See historical performance and comparison
Is Grieg Seafood 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: GSF (NOK84.35) is trading below our estimate of fair value (NOK125.07)
Significantly Below Fair Value: GSF is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: GSF is poor value based on its PE Ratio (66.3x) compared to the Norwegian Food industry average (34.5x).
PE vs Market: GSF is poor value based on its PE Ratio (66.3x) compared to the Norwegian market (13.3x).
Price to Earnings Growth Ratio
PEG Ratio: GSF is poor value based on its PEG Ratio (2.1x)
Price to Book Ratio
PB vs Industry: GSF is good value based on its PB Ratio (2x) compared to the NO Food industry average (2.4x).
How is Grieg Seafood forecast to perform in the next 1 to 3 years based on estimates from 6 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: GSF's forecast earnings growth (31.7% per year) is above the savings rate (1.2%).
Earnings vs Market: GSF's earnings (31.7% per year) are forecast to grow faster than the Norwegian market (10.3% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: GSF's revenue (15.2% per year) is forecast to grow faster than the Norwegian market (5.8% per year).
High Growth Revenue: GSF's revenue (15.2% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: GSF's Return on Equity is forecast to be low in 3 years time (19.6%).
How has Grieg Seafood performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: GSF has high quality earnings.
Growing Profit Margin: GSF became profitable in the past.
Past Earnings Growth Analysis
Earnings Trend: GSF's earnings have declined by 34.1% per year over the past 5 years.
Accelerating Growth: GSF has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.
Earnings vs Industry: GSF has become profitable in the last year, making it difficult to compare its past year earnings growth to the Food industry (33.1%).
Return on Equity
High ROE: GSF's Return on Equity (3.4%) is considered low.
How is Grieg Seafood's financial position?
Financial Position Analysis
Short Term Liabilities: GSF's short term assets (NOK5.8B) exceed its short term liabilities (NOK2.0B).
Long Term Liabilities: GSF's short term assets (NOK5.8B) exceed its long term liabilities (NOK4.9B).
Debt to Equity History and Analysis
Debt Level: GSF's debt to equity ratio (85.1%) is considered high.
Reducing Debt: GSF's debt to equity ratio has increased from 68.8% to 85.1% over the past 5 years.
Debt Coverage: GSF's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: GSF's interest payments on its debt are not well covered by EBIT (2.5x coverage).
What is Grieg Seafood current dividend yield, its reliability and sustainability?
Forecast Dividend Yield
Dividend Yield vs Market
Notable Dividend: Unable to evaluate GSF's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate GSF's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if GSF's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if GSF's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: GSF is not paying a notable dividend for the Norwegian market.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of GSF's dividend in 3 years as they are not forecast to pay a notable one for the Norwegian market.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Andreas Kvame (59 yo)
Mr. Andreas Kvame has been Chief Executive Officer at Grieg Seafood ASA since June 1, 2015. Mr. Kvame served as Managing Director for Scanbio AS and knows the salmon farming industry very well after 17 yea...
CEO Compensation Analysis
Compensation vs Market: Insufficient data to establish whether Andreas's total compensation is reasonable compared to companies of similar size in the Norwegian market.
Compensation vs Earnings: Andreas's compensation has been consistent with company performance over the past year.
Experienced Management: GSF's management team is considered experienced (2.7 years average tenure).
Experienced Board: GSF's board of directors are not considered experienced ( 1.5 years average tenure), which suggests a new board.
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Grieg Seafood ASA's employee growth, exchange listings and data sources
- Name: Grieg Seafood ASA
- Ticker: GSF
- Exchange: OB
- Founded: 1884
- Industry: Packaged Foods and Meats
- Sector: Food, Beverage & Tobacco
- Market Cap: kr9.470b
- Shares outstanding: 112.28m
- Website: https://www.griegseafood.no
Number of Employees
- Grieg Seafood ASA
- C. Sundtsgate 17/19
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/09/24 22:59|
|End of Day Share Price||2021/09/24 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.