GSF Stock Overview
Grieg Seafood ASA, through its subsidiaries, operates as a fish farming company.
Grieg Seafood Competitors
Price History & Performance
|Historical stock prices|
|Current Share Price||kr75.00|
|52 Week High||kr156.20|
|52 Week Low||kr68.50|
|1 Month Change||-37.50%|
|3 Month Change||-46.62%|
|1 Year Change||-10.29%|
|3 Year Change||-33.57%|
|5 Year Change||-5.00%|
|Change since IPO||226.09%|
Recent News & Updates
We Think Grieg Seafood (OB:GSF) Can Manage Its Debt With Ease
David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...
Grieg Seafood (OB:GSF) Will Want To Turn Around Its Return Trends
Finding a business that has the potential to grow substantially is not easy, but it is possible if we look at a few key...
|GSF||NO Food||NO Market|
Return vs Industry: GSF exceeded the Norwegian Food industry which returned -28.3% over the past year.
Return vs Market: GSF underperformed the Norwegian Market which returned -5.4% over the past year.
|GSF Average Weekly Movement||9.2%|
|Food Industry Average Movement||6.6%|
|Market Average Movement||6.8%|
|10% most volatile stocks in NO Market||11.3%|
|10% least volatile stocks in NO Market||3.8%|
Stable Share Price: GSF is more volatile than 75% of Norwegian stocks over the past 3 months, typically moving +/- 9% a week.
Volatility Over Time: GSF's weekly volatility (9%) has been stable over the past year, but is still higher than 75% of Norwegian stocks.
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||kr1.69b|
Last Reported Earnings
Jun 30, 2022
Next Earnings Date
Nov 11, 2022
|Earnings per share (EPS)||15.80|
|Net Profit Margin||26.55%|
How did GSF perform over the long term?See historical performance and comparison
4.0%Current Dividend Yield
Is GSF undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score 5/6
Price-To-Earnings vs Peers
Price-To-Earnings vs Industry
Price-To-Earnings vs Fair Ratio
Below Fair Value
Significantly Below Fair Value
Key Valuation Metric
Which metric is best to use when looking at relative valuation for GSF?
Other financial metrics that can be useful for relative valuation.
|What is GSF's n/a Ratio?|
Price to Earnings Ratio vs Peers
How does GSF's PE Ratio compare to its peers?
|GSF PE Ratio vs Peers|
|Company||PE||Estimated Growth||Market Cap|
NRS Norway Royal Salmon
ISLAX Icelandic Salmon
AKBM Aker BioMarine
GSF Grieg Seafood
Price-To-Earnings vs Peers: GSF is good value based on its Price-To-Earnings Ratio (4.7x) compared to the peer average (22.1x).
Price to Earnings Ratio vs Industry
How does GSF's PE Ratio compare vs other companies in the European Food Industry?
Price-To-Earnings vs Industry: GSF is good value based on its Price-To-Earnings Ratio (4.7x) compared to the European Food industry average (14.3x)
Price to Earnings Ratio vs Fair Ratio
What is GSF's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.
|Current PE Ratio||4.7x|
|Fair PE Ratio||16.7x|
Price-To-Earnings vs Fair Ratio: GSF is good value based on its Price-To-Earnings Ratio (4.7x) compared to the estimated Fair Price-To-Earnings Ratio (16.7x).
Share Price vs Fair Value
What is the Fair Price of GSF when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: GSF (NOK75) is trading below our estimate of fair value (NOK190.17)
Significantly Below Fair Value: GSF is trading below fair value by more than 20%.
Analyst Price Targets
What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?
Analyst Forecast: Target price is more than 20% higher than the current share price, but analysts are not within a statistically confident range of agreement.
Discover undervalued companies
How is Grieg Seafood forecast to perform in the next 1 to 3 years based on estimates from 6 analysts?
Future Growth Score1/6
Future Growth Score 1/6
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: GSF's earnings are forecast to decline over the next 3 years (-8% per year).
Earnings vs Market: GSF's earnings are forecast to decline over the next 3 years (-8% per year).
High Growth Earnings: GSF's earnings are forecast to decline over the next 3 years.
Revenue vs Market: GSF's revenue (6.9% per year) is forecast to grow faster than the Norwegian market (0.3% per year).
High Growth Revenue: GSF's revenue (6.9% 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 (19.1%).
Discover growth companies
How has Grieg Seafood performed over the past 5 years?
Past Performance Score5/6
Past Performance Score 5/6
Growing Profit Margin
Earnings vs Industry
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: GSF has high quality earnings.
Growing Profit Margin: GSF's current net profit margins (26.5%) are higher than last year (3.7%).
Past Earnings Growth Analysis
Earnings Trend: GSF's earnings have declined by 8.1% per year over the past 5 years.
Accelerating Growth: GSF's earnings growth over the past year (1143.1%) exceeds its 5-year average (-8.1% per year).
Earnings vs Industry: GSF earnings growth over the past year (1143.1%) exceeded the Food industry 75.4%.
Return on Equity
High ROE: GSF's Return on Equity (26%) is considered high.
Discover strong past performing companies
How is Grieg Seafood's financial position?
Financial Health Score6/6
Financial Health Score 6/6
Short Term Liabilities
Long Term Liabilities
Financial Position Analysis
Short Term Liabilities: GSF's short term assets (NOK7.1B) exceed its short term liabilities (NOK1.6B).
Long Term Liabilities: GSF's short term assets (NOK7.1B) exceed its long term liabilities (NOK5.2B).
Debt to Equity History and Analysis
Debt Level: GSF's net debt to equity ratio (15.9%) is considered satisfactory.
Reducing Debt: GSF's debt to equity ratio has reduced from 62.6% to 45% over the past 5 years.
Debt Coverage: GSF's debt is well covered by operating cash flow (127%).
Interest Coverage: GSF's interest payments on its debt are well covered by EBIT (13.6x coverage).
Discover healthy companies
What is Grieg Seafood current dividend yield, its reliability and sustainability?
Dividend Score 3/6
Cash Flow Coverage
Current Dividend Yield
Dividend Yield vs Market
|Grieg Seafood Dividend Yield vs Market|
|Company (Grieg Seafood)||4.0%|
|Market Bottom 25% (NO)||3.7%|
|Market Top 25% (NO)||7.7%|
|Industry Average (Food)||4.2%|
|Analyst forecast in 3 Years (Grieg Seafood)||4.6%|
Notable Dividend: GSF's dividend (4%) is higher than the bottom 25% of dividend payers in the Norwegian market (3.8%).
High Dividend: GSF's dividend (4%) is low compared to the top 25% of dividend payers in the Norwegian market (7.95%).
Stability and Growth of Payments
Stable Dividend: GSF has been paying a dividend for less than 10 years and during this time payments have been volatile.
Growing Dividend: GSF's dividend payments have increased, but the company has only paid a dividend for 8 years.
Earnings Payout to Shareholders
Earnings Coverage: With its low payout ratio (18.8%), GSF's dividend payments are well covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: With its low cash payout ratio (9.9%), GSF's dividend payments are thoroughly covered by cash flows.
Discover strong dividend paying companies
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Andreas Kvame (60 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
|Andreas Kvame's Compensation vs Grieg Seafood Earnings|
|Date||Total Comp.||Salary||Company Earnings|
|Jun 30 2022||n/a||n/a|
|Mar 31 2022||n/a||n/a|
|Dec 31 2021||n/a||n/a|
|Sep 30 2021||n/a||n/a|
|Jun 30 2021||n/a||n/a|
|Mar 31 2021||n/a||n/a|
|Dec 31 2020||n/a||n/a|
|Sep 30 2020||n/a||n/a|
|Jun 30 2020||n/a||n/a|
|Mar 31 2020||n/a||n/a|
|Dec 31 2019||kr7m||kr3m|
|Sep 30 2019||n/a||n/a|
|Jun 30 2019||n/a||n/a|
|Mar 31 2019||n/a||n/a|
|Dec 31 2018||kr6m||kr3m|
|Sep 30 2018||n/a||n/a|
|Jun 30 2018||n/a||n/a|
|Mar 31 2018||n/a||n/a|
|Dec 31 2017||kr7m||kr2m|
|Sep 30 2017||n/a||n/a|
|Jun 30 2017||n/a||n/a|
|Mar 31 2017||n/a||n/a|
|Dec 31 2016||kr6m||kr2m|
|Sep 30 2016||n/a||n/a|
|Jun 30 2016||n/a||n/a|
|Mar 31 2016||n/a||n/a|
|Dec 31 2015||kr2m||kr1m|
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 seasoned and experienced (5.1 years average tenure).
Experienced Board: GSF's board of directors are not considered experienced ( 2.4 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
|21 Jun 22||Buykr194,072||Trond Kathenes||Individual||1,350||kr143.76|
|21 Jun 22||Buykr163,306||Kristina Furnes||Individual||1,142||kr143.00|
|21 Jun 22||Buykr328,323||Erik Holvik||Individual||2,290||kr143.37|
|22 Mar 22||Buykr229,257||Marvin Boschman||Individual||2,045||kr112.11|
|Owner Type||Number of Shares||Ownership Percentage|
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
|Ownership||Name||Shares||Current Value||Change %||Portfolio %|
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
- Implied Market Cap: kr8.424b
- Shares outstanding: 112.31m
- Website: https://www.griegseafood.no
Number of Employees
- Grieg Seafood ASA
- C. Sundtsgate 17/19
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|GSF||OB (Oslo Bors)||Yes||Ordinary Shares||NO||NOK||May 2007|
|GR8||DB (Deutsche Boerse AG)||Yes||Ordinary Shares||DE||EUR||May 2007|
|0GW8||LSE (London Stock Exchange)||Yes||Ordinary Shares||GB||NOK||May 2007|
|GRGS.F||OTCPK (Pink Sheets LLC)||Yes||Ordinary Shares||US||USD||May 2007|
|GSFO||BATS-CHIXE (BATS 'Chi-X Europe')||Yes||Ordinary Shares||GB||NOK||May 2007|
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2022/10/03 00:00|
|End of Day Share Price||2022/10/03 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.