Loading...

Mowi

OB:MOWI
Snowflake Description

Flawless balance sheet with proven track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
MOWI
OB
NOK106B
Market Cap
  1. Home
  2. NO
  3. Food, Beverage & Tobacco
Company description

Mowi ASA, a seafood company, produces and supplies farmed salmon products worldwide. The last earnings update was 39 days ago. More info.


Add to Portfolio Compare Print
MOWI Share Price and Events
7 Day Returns
-1.3%
OB:MOWI
-1.8%
NO Food
-0.9%
NO Market
1 Year Returns
19.8%
OB:MOWI
9.4%
NO Food
-9.6%
NO Market
MOWI Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Mowi (MOWI) -1.3% 1.6% 2.7% 19.8% 49.2% 156.5%
NO Food -1.8% -0.7% 0.3% 9.4% 38.9% 131.8%
NO Market -0.9% -1.9% -6.3% -9.6% 31.4% 8.1%
1 Year Return vs Industry and Market
  • MOWI outperformed the Food industry which returned 9.4% over the past year.
  • MOWI outperformed the Market in Norway which returned -9.6% over the past year.
Price Volatility
MOWI
Industry
5yr Volatility vs Market

MOWI Value

 Is Mowi undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Mowi to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Mowi.

OB:MOWI Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 8 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 6.5%
Perpetual Growth Rate 10-Year NO Government Bond Rate 1.8%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for OB:MOWI
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year NO Govt Bond Rate 1.8%
Equity Risk Premium S&P Global 6%
Food Unlevered Beta Simply Wall St/ S&P Global 0.55
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.545 (1 + (1- 23%) (13.56%))
0.734
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.8
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 1.76% + (0.8 * 5.96%)
6.53%

Discounted Cash Flow Calculation for OB:MOWI using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Mowi is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

OB:MOWI DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (EUR, Millions) Source Present Value
Discounted (@ 6.53%)
2019 590.86 Analyst x3 554.65
2020 662.22 Analyst x5 583.55
2021 716.97 Analyst x6 593.07
2022 760.62 Est @ 6.09% 590.62
2023 797.05 Est @ 4.79% 580.99
2024 827.98 Est @ 3.88% 566.55
2025 854.85 Est @ 3.24% 549.09
2026 878.77 Est @ 2.8% 529.87
2027 900.63 Est @ 2.49% 509.77
2028 921.07 Est @ 2.27% 489.39
Present value of next 10 years cash flows €5,547.55
OB:MOWI DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= €921.07 × (1 + 1.76%) ÷ (6.53% – 1.76%)
€19,657.75
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= €19,657.75 ÷ (1 + 6.53%)10
€10,444.70
OB:MOWI Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= €5,547.55 + €10,444.70
€15,992.25
Equity Value per Share
(EUR)
= Total value / Shares Outstanding
= €15,992.25 / 516.04
€30.99
OB:MOWI Discount to Share Price
Calculation Result
Exchange Rate EUR/NOK
(Reporting currency to currency of OB:MOWI)
9.775
Value per Share
(NOK)
= Value per Share in EUR x Exchange Rate (EUR/NOK)
= €30.99 x 9.775
NOK302.92
Value per share (NOK) From above. NOK302.92
Current discount Discount to share price of NOK205.30
= -1 x (NOK205.30 - NOK302.92) / NOK302.92
32.2%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Mowi is available for.
Intrinsic value
32%
Share price is NOK205.3 vs Future cash flow value of NOK302.92
Current Discount Checks
For Mowi to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Mowi's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Mowi's share price is below the future cash flow value, but not at a substantial discount (< 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Mowi's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Mowi's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
OB:MOWI PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in EUR €1.17
OB:MOWI Share Price ** OB (2019-06-14) in NOK NOK205.3
OB:MOWI Share Price converted to EUR reporting currency Exchange rate (NOK/ EUR) 0.102 €21
Norway Food Industry PE Ratio Median Figure of 10 Publicly-Listed Food Companies 13.76x
Norway Market PE Ratio Median Figure of 135 Publicly-Listed Companies 13.36x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Mowi.

OB:MOWI PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= OB:MOWI Share Price ÷ EPS (both in EUR)

= 21 ÷ 1.17

17.96x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Mowi is overvalued based on earnings compared to the NO Food industry average.
  • Mowi is overvalued based on earnings compared to the Norway market.
Price based on expected Growth
Does Mowi's expected growth come at a high price?
Raw Data
OB:MOWI PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 17.96x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 8 Analysts
10.1%per year
Norway Food Industry PEG Ratio Median Figure of 9 Publicly-Listed Food Companies 1.06x
Norway Market PEG Ratio Median Figure of 105 Publicly-Listed Companies 0.86x

*Line of best fit is calculated by linear regression .

OB:MOWI PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 17.96x ÷ 10.1%

1.77x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Mowi is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Mowi's assets?
Raw Data
OB:MOWI PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in EUR €5.78
OB:MOWI Share Price * OB (2019-06-14) in NOK NOK205.3
OB:MOWI Share Price converted to EUR reporting currency Exchange rate (NOK/ EUR) 0.102 €21
Norway Food Industry PB Ratio Median Figure of 11 Publicly-Listed Food Companies 3.53x
Norway Market PB Ratio Median Figure of 216 Publicly-Listed Companies 1.09x
OB:MOWI PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= OB:MOWI Share Price ÷ Book Value per Share (both in EUR)

= 21 ÷ 5.78

3.63x

* Primary Listing of Mowi.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Mowi is overvalued based on assets compared to the NO Food industry average.
X
Value checks
We assess Mowi's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Food industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Food industry average (and greater than 0)? (1 check)
  5. Mowi has a total score of 1/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

MOWI Future Performance

 How is Mowi expected to perform in the next 1 to 3 years based on estimates from 8 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
10.1%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Mowi expected to grow at an attractive rate?
  • Mowi's earnings growth is expected to exceed the low risk savings rate of 1.8%.
Growth vs Market Checks
  • Mowi's earnings growth is positive but not above the Norway market average.
  • Mowi's revenue growth is expected to exceed the Norway market average.
Annual Growth Rates Comparison
Raw Data
OB:MOWI Future Growth Rates Data Sources
Data Point Source Value (per year)
OB:MOWI Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 8 Analysts 10.1%
OB:MOWI Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 8 Analysts 6.8%
Norway Food Industry Earnings Growth Rate Market Cap Weighted Average 11.3%
Norway Food Industry Revenue Growth Rate Market Cap Weighted Average 6.2%
Norway Market Earnings Growth Rate Market Cap Weighted Average 13.9%
Norway Market Revenue Growth Rate Market Cap Weighted Average 3.2%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
OB:MOWI Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 8 Analyst Estimates (S&P Global) See Below
All numbers in EUR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
OB:MOWI Future Estimates Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2022-12-31 5,430 961 1
2021-12-31 4,766 987 874 7
2020-12-31 4,568 879 813 8
2019-12-31 4,232 923 731 7
OB:MOWI Past Financials Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income *
2019-03-31 3,930 695 582
2018-12-31 3,812 621 567
2018-09-30 3,746 603 433
2018-06-30 3,621 527 530
2018-03-31 3,618 576 424
2017-12-31 3,649 632 463
2017-09-30 3,667 706 645
2017-06-30 3,650 740 653
2017-03-31 3,599 791 629
2016-12-31 3,510 693 540
2016-09-30 3,347 553 420
2016-06-30 3,245 450 285

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Mowi's earnings are expected to grow by 10.1% yearly, however this is not considered high growth (20% yearly).
  • Mowi's revenue is expected to grow by 6.8% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
OB:MOWI Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 8 Analyst Estimates (S&P Global) See Below

All data from Mowi Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OB:MOWI Future Estimates Data
Date (Data in EUR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2022-12-31 1.86 1.86 1.86 1.00
2021-12-31 1.69 1.87 1.36 7.00
2020-12-31 1.59 1.70 1.29 8.00
2019-12-31 1.41 1.56 1.19 7.00
OB:MOWI Past Financials Data
Date (Data in EUR Millions) EPS *
2019-03-31 1.17
2018-12-31 1.15
2018-09-30 0.89
2018-06-30 1.08
2018-03-31 0.87
2017-12-31 0.97
2017-09-30 1.38
2017-06-30 1.44
2017-03-31 1.41
2016-12-31 1.20
2016-09-30 0.94
2016-06-30 0.64

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Mowi is expected to efficiently use shareholders’ funds in the future (Return on Equity greater than 20%).
X
Future performance checks
We assess Mowi's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Norway market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Norway market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Mowi has a total score of 3/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

MOWI Past Performance

  How has Mowi performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Mowi's growth in the last year to its industry (Food).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Mowi has delivered over 20% year on year earnings growth in the past 5 years.
  • Mowi's 1-year earnings growth exceeds its 5-year average (37.2% vs 28.1%)
  • Mowi's earnings growth has exceeded the NO Food industry average in the past year (37.2% vs 22.2%).
Earnings and Revenue History
Mowi's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Mowi Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OB:MOWI Past Revenue, Cash Flow and Net Income Data
Date (Data in EUR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 3,929.50 581.80 562.10
2018-12-31 3,811.90 566.60 549.40
2018-09-30 3,746.00 433.20 541.10
2018-06-30 3,621.30 530.20 532.00
2018-03-31 3,618.10 424.20 526.20
2017-12-31 3,649.40 462.50 518.10
2017-09-30 3,666.90 645.40 492.30
2017-06-30 3,650.40 652.50 482.20
2017-03-31 3,599.10 628.70 474.70
2016-12-31 3,510.20 539.60 469.60
2016-09-30 3,346.60 420.20 457.40
2016-06-30 3,245.30 284.80 452.10
2016-03-31 3,180.70 246.70 452.40
2015-12-31 3,112.40 158.40 447.70
2015-09-30 2,973.96 79.06 425.73
2015-06-30 2,995.99 81.83 429.06
2015-03-31 3,007.74 38.61 419.53
2014-12-31 3,053.20 87.40 405.60
2014-09-30 3,129.62 223.94 408.32
2014-06-30 2,795.50 236.65 367.15
2014-03-31 2,582.63 292.78 352.53
2013-12-31 2,295.39 289.71 325.57
2013-09-30 2,029.71 185.19 520.30
2013-06-30 2,000.18 122.92 455.67
2013-03-31 2,054.58 100.49 404.59
2012-12-31 2,106.60 59.59 333.76
2012-09-30 2,111.82 30.06 296.87
2012-06-30 2,063.37 51.64 289.94

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Mowi has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Mowi used its assets less efficiently than the NO Food industry average last year based on Return on Assets.
  • Mowi has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Mowi's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Food industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Mowi has a total score of 4/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

MOWI Health

 How is Mowi's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Mowi's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Mowi is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Mowi's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Mowi's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 2.3x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Mowi Company Filings, last reported 2 months ago.

OB:MOWI Past Debt and Equity Data
Date (Data in EUR Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 2,986.10 1,469.40 89.70
2018-12-31 2,878.90 1,201.20 93.90
2018-09-30 2,349.20 1,298.90 80.70
2018-06-30 2,408.30 1,016.80 66.10
2018-03-31 2,343.80 944.90 88.40
2017-12-31 2,315.40 976.10 59.10
2017-09-30 2,524.20 749.60 85.60
2017-06-30 2,532.40 617.00 66.10
2017-03-31 2,152.60 934.80 92.80
2016-12-31 2,069.30 1,079.80 88.00
2016-09-30 1,968.50 947.10 66.00
2016-06-30 1,921.50 923.40 90.30
2016-03-31 1,952.60 1,055.00 94.90
2015-12-31 1,895.50 1,148.50 87.10
2015-09-30 1,880.22 989.44 71.53
2015-06-30 2,032.08 938.74 62.94
2015-03-31 2,124.06 935.34 66.83
2014-12-31 1,639.90 1,263.60 154.10
2014-09-30 1,750.17 981.47 90.02
2014-06-30 1,724.41 977.51 144.90
2014-03-31 1,986.64 1,017.56 107.62
2013-12-31 1,954.28 1,005.89 64.51
2013-09-30 1,608.31 1,060.61 92.29
2013-06-30 1,564.59 847.40 108.30
2013-03-31 1,676.47 897.68 55.20
2012-12-31 1,592.36 778.73 37.98
2012-09-30 1,452.64 715.51 36.66
2012-06-30 1,458.28 727.40 41.65
  • Mowi's level of debt (37%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (51.3% vs 37% today).
  • Debt is well covered by operating cash flow (62.9%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 19.5x coverage).
X
Financial health checks
We assess Mowi's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Mowi has a total score of 6/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

MOWI Dividends

 What is Mowi's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
5.02%
Current annual income from Mowi dividends. Estimated to be 5.69% next year.
If you bought NOK2,000 of Mowi shares you are expected to receive NOK100 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Mowi's pays a higher dividend yield than the bottom 25% of dividend payers in Norway (2.62%).
  • Mowi's dividend is below the markets top 25% of dividend payers in Norway (6.44%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
OB:MOWI Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 8 Analyst Estimates (S&P Global) See Below
Norway Food Industry Average Dividend Yield Market Cap Weighted Average of 9 Stocks 4.2%
Norway Market Average Dividend Yield Market Cap Weighted Average of 110 Stocks 4.5%
Norway Minimum Threshold Dividend Yield 10th Percentile 1.9%
Norway Bottom 25% Dividend Yield 25th Percentile 2.6%
Norway Top 25% Dividend Yield 75th Percentile 6.4%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

OB:MOWI Future Dividends Estimate Data
Date (Data in €) Dividend per Share (annual) Avg. No. Analysts
2022-12-31 1.23 1.00
2021-12-31 1.25 7.00
2020-12-31 1.21 8.00
2019-12-31 1.13 8.00
OB:MOWI Past Annualized Dividends Data
Date (Data in €) Dividend per share (annual) Avg. Yield (%)
2019-02-13 1.054 5.238
2018-03-20 1.217 6.779
2018-02-14 1.253 7.963
2017-11-01 1.365 9.586
2017-08-24 1.342 8.160
2017-05-10 1.248 8.137
2017-02-23 1.178 8.058
2016-11-02 1.005 6.114
2016-08-18 0.901 6.081
2016-05-11 0.717 4.871
2016-04-01 0.568 4.180
2016-02-17 0.564 4.315
2015-04-29 0.853 7.996
2015-02-04 0.934 8.622
2014-02-10 0.370 4.208
2013-08-21 0.235 2.956
2013-07-15 0.247 3.340
2013-05-23 0.495 6.550
2013-02-06 0.000 0.000
2012-10-26 0.000 0.000
2012-10-15 0.000 0.000
2012-07-19 0.000 0.000
2012-05-09 0.000 0.000
2012-05-02 0.000 0.000
2011-05-09 1.009 26.168
2010-04-30 0.427 6.185
2010-02-10 0.431 6.654

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Mowi has been paying a dividend for less than 10 years and during this time payments have been volatile (annual drop of over 20%).
  • Dividend payments have increased, but Mowi only paid a dividend in the past 9 years.
Current Payout to shareholders
What portion of Mowi's earnings are paid to the shareholders as a dividend.
  • Dividends paid are covered by earnings (1.1x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be covered by earnings (1.4x coverage).
X
Income/ dividend checks
We assess Mowi's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.9%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Mowi afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Mowi has a total score of 3/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

MOWI Management

 What is the CEO of Mowi's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Alf-Helge Aarskog
COMPENSATION €2,216,000
AGE 51
TENURE AS CEO 8.7 years
CEO Bio

Mr. Alf-Helge Aarskog has been the Chief Executive Officer of Marine Harvest ASA since October 1, 2010. Mr. Aarskog served as the Chief Executive Officer of Lerøy Seafood Group ASA from November 2009 to March 2010 and served as its served as Executive Vice President of Farming and Group Director of Production. Mr. Aarskog holds an M.Sc. in Aquaculture from Norwegian University of Life Sciences as well as supplementary management education from Harvard Business School.

CEO Compensation
  • Insufficient data for Alf-Helge to compare compensation growth.
  • Alf-Helge's remuneration is higher than average for companies of similar size in Norway.
Management Team Tenure

Average tenure and age of the Mowi management team in years:

6.7
Average Tenure
48
Average Age
  • The average tenure for the Mowi management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Alf-Helge Aarskog

TITLE
Chief Executive Officer
COMPENSATION
€2M
AGE
51
TENURE
8.7 yrs

Ivan Vindheim

TITLE
Chief Financial Officer
COMPENSATION
€1M
AGE
47
TENURE
6.8 yrs

Øyvind Oaland

TITLE
CTO and Head of Global R&D
COMPENSATION
€285K
AGE
48

Ola Brattvoll

TITLE
Chief Operating Officer of Sales & Marketing
COMPENSATION
€890K
AGE
51
TENURE
8.5 yrs

Anne Riise

TITLE
Global Director of Human Resources
COMPENSATION
€233K
AGE
47
TENURE
6.6 yrs

Ben Hadfield

TITLE
Chief Operating Officer of Fish Feed Business Area
COMPENSATION
€921K
AGE
42
TENURE
6.3 yrs

Glenn Flanders

TITLE
Chief Strategy Officer
COMPENSATION
€367K
AGE
48
TENURE
3.3 yrs

Per-Roar Gjerde

TITLE
Chief Operating Officer of Farming
COMPENSATION
€2M
AGE
51
TENURE
3.4 yrs

Kim Dosvig

TITLE
Head of Treasury & Investor Relations Officer

Charlie Wu

TITLE
Managing Director of Marine Harvest Asia
TENURE
18.4 yrs
Board of Directors Tenure

Average tenure and age of the Mowi board of directors in years:

3
Average Tenure
47
Average Age
  • The tenure for the Mowi board of directors is about average.
Board of Directors

Ole-Eirik Lerøy

TITLE
Chairman of the Board
COMPENSATION
€120K
AGE
59

Lisbet Nærø

TITLE
Vice Chairman of the Board
COMPENSATION
€78K
AGE
55
TENURE
3 yrs

Cecilie Fredriksen

TITLE
Director
COMPENSATION
€47K
AGE
35
TENURE
11.4 yrs

Paul Mulligan

TITLE
Director
COMPENSATION
€132K
AGE
49
TENURE
3 yrs

Jean-Pierre Bienfait

TITLE
Director
COMPENSATION
€47K
AGE
55
TENURE
3 yrs

Birgitte Vartdal

TITLE
Director
COMPENSATION
€60K
AGE
41
TENURE
3 yrs

Unni Sværen

TITLE
Employee Representative Director
COMPENSATION
€42K
AGE
47
TENURE
2.9 yrs

Kristian Melhuus

TITLE
Director
COMPENSATION
€47K
AGE
37
TENURE
1.4 yrs

Jørgen Wengaard

TITLE
Employee Representative Director
COMPENSATION
€21K
AGE
27
TENURE
1.4 yrs

Anders Sæther

TITLE
Employee Representative Director
COMPENSATION
€21K
AGE
47
TENURE
1.4 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (NOK) Value (NOK)
06. Mar 19 Sell Cecilie Fredriksen Individual 06. Mar 19 06. Mar 19 -4,000,000 NOK207.90 NOK-831,599,994
05. Dec 18 Buy Anders Sæther Individual 05. Dec 18 05. Dec 18 151 NOK199.42 NOK30,112
05. Dec 18 Buy Jørgen Wengaard Individual 05. Dec 18 05. Dec 18 151 NOK199.42 NOK30,112
05. Dec 18 Buy Kristian Ellingsen Individual 05. Dec 18 05. Dec 18 151 NOK199.42 NOK30,112
05. Dec 18 Buy Kim Dosvig Individual 05. Dec 18 05. Dec 18 151 NOK199.42 NOK30,112
05. Dec 18 Buy Per-Roar Gjerde Individual 05. Dec 18 05. Dec 18 151 NOK199.42 NOK30,112
05. Dec 18 Buy Unni Sværen Individual 05. Dec 18 05. Dec 18 151 NOK199.42 NOK30,112
05. Dec 18 Buy Kristine Gramstad Wedler Individual 05. Dec 18 05. Dec 18 151 NOK199.42 NOK30,112
05. Dec 18 Buy Øyvind Oaland Individual 05. Dec 18 05. Dec 18 151 NOK199.42 NOK30,112
05. Dec 18 Buy Anne Riise Individual 05. Dec 18 05. Dec 18 151 NOK199.42 NOK30,112
05. Dec 18 Buy Benjamin Hadfield Individual 05. Dec 18 05. Dec 18 151 NOK199.42 NOK30,112
05. Dec 18 Buy Ola Brattvoll Individual 05. Dec 18 05. Dec 18 151 NOK199.42 NOK30,112
05. Dec 18 Buy Glenn Flanders Individual 05. Dec 18 05. Dec 18 151 NOK199.42 NOK30,112
05. Dec 18 Buy Alf-Helge Aarskog Individual 05. Dec 18 05. Dec 18 151 NOK199.42 NOK30,112
05. Dec 18 Buy Ivan Vindheim Individual 05. Dec 18 05. Dec 18 151 NOK199.42 NOK30,112
03. Sep 18 Buy Paul Mulligan Individual 03. Sep 18 03. Sep 18 332 NOK180.85 NOK60,042
03. Sep 18 Buy Jean-Pierre Bienfait Individual 03. Sep 18 03. Sep 18 332 NOK180.85 NOK60,042
03. Sep 18 Buy Birgitte Vartdal Individual 03. Sep 18 03. Sep 18 332 NOK180.85 NOK60,042
03. Sep 18 Buy Kristian Melhuus Individual 03. Sep 18 03. Sep 18 332 NOK180.85 NOK60,042
03. Sep 18 Buy Cecilie Fredriksen Individual 03. Sep 18 03. Sep 18 332 NOK180.85 NOK60,042
03. Sep 18 Buy Ole-Eirik Lerøy Individual 03. Sep 18 03. Sep 18 332 NOK180.85 NOK60,042
03. Sep 18 Buy Lisbet Nærø Individual 03. Sep 18 03. Sep 18 332 NOK180.85 NOK60,042
31. Aug 18 Sell Framar AS Company 31. Aug 18 31. Aug 18 -1,600,000 NOK179.74 NOK-287,578,875
X
Management checks
We assess Mowi's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Mowi has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

MOWI News

Simply Wall St News

MOWI Company Info

Description

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.

Details
Name: Mowi ASA
MOWI
Exchange: OB
Founded: 1965
NOK105,942,954,310
516,039,719
Website: http://www.mowi.com
Address: Mowi ASA
Sandviksboder 77A/B,
Bergen,
Hordaland, 5035,
Norway
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
OB MOWI Ordinary Shares Oslo Bors NO NOK 04. Jul 1997
OTCPK MNHV.F Ordinary Shares Pink Sheets LLC US USD 04. Jul 1997
DB PND Ordinary Shares Deutsche Boerse AG DE EUR 04. Jul 1997
LSE 0OAW Ordinary Shares London Stock Exchange GB NOK 04. Jul 1997
OTCPK MHGV.Y SPONSORED ADS Pink Sheets LLC US USD 20. Oct 2008
Number of employees
Current staff
Staff numbers
11,549
Mowi employees.
Industry
Packaged Foods and Meats
Food, Beverage & Tobacco
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/06/15 20:35
End of day share price update: 2019/06/14 00:00
Last estimates confirmation: 2019/05/29
Last earnings filing: 2019/05/07
Last earnings reported: 2019/03/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.