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LSG

Lerøy Seafood GroupOB:LSG Stock Report

Market Cap

kr46.9b

7D

5.0%

1Y

70.9%

Updated

26 Oct, 2021

Data

Company Financials +
LSG fundamental analysis
Snowflake Score
Valuation3/6
Future Growth2/6
Past Performance4/6
Financial Health5/6
Dividends4/6

LSG Overview

Lerøy Seafood Group ASA produces, processes, markets, and distributes seafood products worldwide.

Lerøy Seafood Group Competitors

Mowi

OB:MOWI

kr128.3b

SalMar

OB:SALM

kr75.8b

P/F Bakkafrost

OB:BAKKA

kr46.0b

Grieg Seafood

OB:GSF

kr10.4b

Price History & Performance

Summary of all time highs, changes and price drops for Lerøy Seafood Group
Historical stock prices
Current Share Pricekr78.78
52 Week Highkr44.24
52 Week Lowkr84.98
Beta0.52
1 Month Change3.14%
3 Month Change-3.00%
1 Year Change70.89%
3 Year Change4.90%
5 Year Change80.27%
Change since IPO2,324.00%

Recent News & Updates

Oct 14
These 4 Measures Indicate That Lerøy Seafood Group (OB:LSG) Is Using Debt Reasonably Well

These 4 Measures Indicate That Lerøy Seafood Group (OB:LSG) Is Using Debt Reasonably Well

Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...

Sep 07
The Returns On Capital At Lerøy Seafood Group (OB:LSG) Don't Inspire Confidence

The Returns On Capital At Lerøy Seafood Group (OB:LSG) Don't Inspire Confidence

What trends should we look for it we want to identify stocks that can multiply in value over the long term? Firstly...

Jul 15
These 4 Measures Indicate That Lerøy Seafood Group (OB:LSG) Is Using Debt Reasonably Well

These 4 Measures Indicate That Lerøy Seafood Group (OB:LSG) Is Using Debt Reasonably Well

The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...

Jun 08
Lerøy Seafood Group (OB:LSG) Is Reinvesting At Lower Rates Of Return

Lerøy Seafood Group (OB:LSG) Is Reinvesting At Lower Rates Of Return

What trends should we look for it we want to identify stocks that can multiply in value over the long term? Firstly...

Shareholder Returns

LSGNO FoodNO Market
7D5.0%3.8%0.9%
1Y70.9%26.6%38.0%

Return vs Industry: LSG exceeded the Norwegian Food industry which returned 25.9% over the past year.

Return vs Market: LSG exceeded the Norwegian Market which returned 37.1% over the past year.

Price Volatility

Is LSG's price volatile compared to industry and market?
LSG volatility
LSG Beta0.52
Industry Beta0.51
Market Beta1

Stable Share Price: LSG is less volatile than 75% of Norwegian stocks over the past 3 months, typically moving +/- 3% a week.

Volatility Over Time: LSG's weekly volatility (3%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
18995,000Henning Beltestadhttps://www.leroyseafood.com

Lerøy Seafood Group ASA produces, processes, markets, and distributes seafood products worldwide. It operates in three segments: Farming; Wildcatch; and Value-Added Processing, Sales and Distribution. The company offers smoked and gravad salmon and trout products; farmed and wild catch whole fishes; fillets and portions; ready to eat and ready to cook products; fish blocks and cubes; breaded products; pre-fried fish burgers and patties; crustaceans and molluscs; seaweed; and other products.

Lerøy Seafood Group Fundamentals Summary

How do Lerøy Seafood Group's earnings and revenue compare to its market cap?
LSG fundamental statistics
Market Capkr46.91b
Earnings (TTM)kr1.79b
Revenue (TTM)kr20.17b

26.2x

P/E Ratio

2.3x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
LSG income statement (TTM)
Revenuekr20.17b
Cost of Revenuekr10.75b
Gross Profitkr9.42b
Expenseskr7.63b
Earningskr1.79b

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

Nov 11, 2021

Earnings per share (EPS)3.00
Gross Margin46.70%
Net Profit Margin8.86%
Debt/Equity Ratio29.5%

How did LSG perform over the long term?

See historical performance and comparison

Dividends

2.5%

Current Dividend Yield

67%

Payout Ratio

Valuation

Is Lerøy Seafood Group undervalued compared to its fair value and its price relative to the market?

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: LSG (NOK78.78) is trading below our estimate of fair value (NOK178.96)

Significantly Below Fair Value: LSG is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: LSG is good value based on its PE Ratio (26.2x) compared to the Norwegian Food industry average (35.6x).

PE vs Market: LSG is poor value based on its PE Ratio (26.2x) compared to the Norwegian market (13.7x).


Price to Earnings Growth Ratio

PEG Ratio: LSG is poor value based on its PEG Ratio (2.4x)


Price to Book Ratio

PB vs Industry: LSG's PB Ratio (2.7x) is in line with the NO Food industry average.


Future Growth

How is Lerøy Seafood Group forecast to perform in the next 1 to 3 years based on estimates from 6 analysts?

10.9%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: LSG's forecast earnings growth (10.9% per year) is above the savings rate (1.2%).

Earnings vs Market: LSG's earnings (10.9% per year) are forecast to grow faster than the Norwegian market (10% per year).

High Growth Earnings: LSG's earnings are forecast to grow, but not significantly.

Revenue vs Market: LSG's revenue (4.7% per year) is forecast to grow slower than the Norwegian market (5.3% per year).

High Growth Revenue: LSG's revenue (4.7% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: LSG's Return on Equity is forecast to be low in 3 years time (16%).


Past Performance

How has Lerøy Seafood Group performed over the past 5 years?

-16.0%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: LSG has high quality earnings.

Growing Profit Margin: LSG's current net profit margins (8.9%) are higher than last year (6.1%).


Past Earnings Growth Analysis

Earnings Trend: LSG's earnings have declined by 16% per year over the past 5 years.

Accelerating Growth: LSG's earnings growth over the past year (43.6%) exceeds its 5-year average (-16% per year).

Earnings vs Industry: LSG earnings growth over the past year (43.6%) exceeded the Food industry 33.1%.


Return on Equity

High ROE: LSG's Return on Equity (10.4%) is considered low.


Financial Health

How is Lerøy Seafood Group's financial position?


Financial Position Analysis

Short Term Liabilities: LSG's short term assets (NOK12.3B) exceed its short term liabilities (NOK4.8B).

Long Term Liabilities: LSG's short term assets (NOK12.3B) exceed its long term liabilities (NOK8.8B).


Debt to Equity History and Analysis

Debt Level: LSG's debt to equity ratio (29.5%) is considered satisfactory.

Reducing Debt: LSG's debt to equity ratio has increased from 26% to 29.5% over the past 5 years.

Debt Coverage: LSG's debt is well covered by operating cash flow (51.6%).

Interest Coverage: LSG's interest payments on its debt are well covered by EBIT (15.9x coverage).


Balance Sheet


Dividend

What is Lerøy Seafood Group current dividend yield, its reliability and sustainability?

2.54%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: LSG's dividend (2.54%) is higher than the bottom 25% of dividend payers in the Norwegian market (1.79%).

High Dividend: LSG's dividend (2.54%) is low compared to the top 25% of dividend payers in the Norwegian market (4.81%).


Stability and Growth of Payments

Stable Dividend: LSG's dividend payments have been volatile in the past 10 years.

Growing Dividend: LSG's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonable payout ratio (66.6%), LSG's dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: LSG's dividends in 3 years are forecast to be covered by earnings (59.1% payout ratio).


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

2.8yrs

Average management tenure


CEO

Henning Beltestad (53 yo)

11.58yrs

Tenure

Mr. Henning Kolbjørn Beltestad serves as Group Chief Executive Officer at Lerøy Seafood Group ASA since March 2010 and is its Director. Mr. Beltestad serves as Managing Director of Hallvard Lerøy AS. Mr. B...


Leadership Team

Experienced Management: LSG's management team is considered experienced (2.8 years average tenure).


Board Members

Experienced Board: LSG's board of directors are seasoned and experienced ( 10.9 years average tenure).


Ownership

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

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Lerøy Seafood Group ASA's employee growth, exchange listings and data sources


Key Information

  • Name: Lerøy Seafood Group ASA
  • Ticker: LSG
  • Exchange: OB
  • Founded: 1899
  • Industry: Packaged Foods and Meats
  • Sector: Food, Beverage & Tobacco
  • Market Cap: kr46.912b
  • Shares outstanding: 595.48m
  • Website: https://www.leroyseafood.com

Number of Employees


Location

  • Lerøy Seafood Group ASA
  • Thormøhlens gate 51 B
  • Bergen
  • Hordaland
  • 5006
  • Norway

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/26 21:16
End of Day Share Price2021/10/26 00:00
Earnings2021/06/30
Annual Earnings2020/12/31


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.