OB:NCOD-ME

Stock Analysis Report

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Executive Summary

Norcod AS produces and sells farmed cod products in Norway. More Details


Snowflake Analysis

Adequate balance sheet with weak fundamentals.

Share Price & News

How has Norcod's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: NCOD-ME is more volatile than 75% of Norwegian stocks over the past 3 months, typically moving +/- 12% a week.

Volatility Over Time: Insufficient data to determine NCOD-ME's volatility change over the past year.


Market Performance


7 Day Return

0.7%

NCOD-ME

-0.03%

NO Food

-0.8%

NO Market


1 Year Return

n/a

NCOD-ME

-10.9%

NO Food

-1.4%

NO Market

Return vs Industry: Insufficient data to determine how NCOD-ME performed against the Norwegian Food industry.

Return vs Market: Insufficient data to determine how NCOD-ME performed against the Norwegian Market.


Shareholder returns

NCOD-MEIndustryMarket
7 Day0.7%-0.03%-0.8%
30 Day-6.9%8.6%11.0%
90 Dayn/a0.9%8.9%
1 Yearn/a-9.7%-10.9%2.1%-1.4%
3 Yearn/a45.5%31.8%10.0%-2.5%
5 Yearn/a113.9%71.8%58.6%27.3%

Long-Term Price Volatility Vs. Market

How volatile is Norcod's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is Norcod undervalued compared to its fair value and its price relative to the market?


In this section, we usually try to help investors determine whether Norcod is trading at an attractive price based on the cash flow it is expected to produce in the future. But as Norcod has not provided consistent financial data, and the stock also has no analyst forecast or coverage, its intrinsic value cannot be reliably calculated by extrapolating past data or using analyst consensus cash flow predictions.

This is quite a rare situation as 89% of companies covered by Simply Wall St do have a valuation analysis.


Next Steps

Future Growth

How is Norcod forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

28.1%

Forecasted Food, Beverage & Tobacco industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Norcod has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Next Steps

Past Performance

How has Norcod performed over the past 5 years?

1.9%

Historical Food, Beverage & Tobacco annual earnings growth


In this section we usually display a company’s past earnings and revenues to help investors visualise the trend through time. We also gauge the company’s performance by benchmarking its returns and growth to its industry peers and the wider market. However, Norcod has not provided sufficient past data to assess its track record.

This is quite a rare situation as 97% of companies covered by Simply Wall St do have historical data.


Next Steps

Financial Health

How is Norcod's financial position?


In this section we usually analyse Norcod's finance health to determine how well-positioned it is against times of financial distress, in particular, its ability to manage its cash and debt levels. Norcod has not provided adequate balance sheet data, its financial health cannot be properly assessed as it.

This is quite a rare situation as 97% of companies covered by Simply Wall St do have financial information.


Next Steps

  • Take a look at our analysis of NCOD-ME’s management and see if the CEO’s compensation is within a reasonable range, who is on the board and if insiders have been trading lately.
  • Investors tend to look at the financial health of a company this size in order to assess the sustainability of its current operations. Norcod's cash and debt levels may be found in its annual reports archived here.
  • Financial health is measured at one point in time, so the latest financial report is the best representation of the company’s current financial status. Check when Norcod's financial data was last updated here.
  • Explore more healthy companies in the Food, Beverage & Tobacco industry.

Dividend

What is Norcod current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

Notable Dividend: Unable to evaluate NCOD-ME's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate NCOD-ME'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 NCOD-ME's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if NCOD-ME's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of NCOD-ME's dividend in 3 years as they are not forecast to pay a notable one for the Norwegian market.


Next Steps

Management

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

0.6yrs

Average management tenure


CEO

Hilde Storhaug

0.58

Tenure

Ms. Hilde Rutledal Storhaug is Chief Executive Officer at Norcod AS since May 01, 2020. She has experiences from various aquaculture operations through her various positions with both Lerøy Seafood Group M...


Leadership Team

NamePositionTenureCompensationOwnership
Hilde Storhaug
Chief Executive Officer0.58yrno datano data
Ragna Engvik
Chief Financial Officer0.17yrno datano data
Rune Eriksen
Chief Operating Officer1.75yrsno data0.13%
NOK 1.6m

0.6yrs

Average Tenure

Experienced Management: NCOD-ME's management team is not considered experienced ( 0.6 years average tenure), which suggests a new team.


Board Members

NamePositionTenureCompensationOwnership
Anders Bjerno
Director0.58yrno data10.26%
NOK 124.0m
Marit Solberg
Director0.83yrno data0.027%
NOK 321.0k
Tore Tonseth
Director0.33yrno datano data
Christian Riber
Chairman of the Board0.83yrno data0.35%
NOK 4.3m
Boe Spurre
Director2.33yrsno data1.76%
NOK 21.3m
Jan Solbak
Director0.83yrno data27.86%
NOK 336.9m

0.8yrs

Average Tenure

Experienced Board: NCOD-ME's board of directors are not considered experienced ( 0.8 years average tenure), which suggests a new board.


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: NCOD-ME insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: NCOD-ME only recently listed within the past 12 months.


Top Shareholders

Company Information

Norcod AS's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Norcod AS
  • Ticker: NCOD-ME
  • Exchange: OB
  • Founded: 2018
  • Industry: Packaged Foods and Meats
  • Sector: Food, Beverage & Tobacco
  • Market Cap: kr1.209b
  • Shares outstanding: 17.03m
  • Website: https://www.norcod.no

Location

  • Norcod AS
  • Thomas Angells gate 22
  • Trondheim
  • Sør-Trøndelag
  • 7011
  • Norway

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
NCOD-MEOB (Oslo Bors)YesShare CapitalNONOKOct 2020

Biography

Norcod AS produces and sells farmed cod products in Norway. The company was founded in 2018 and is based in Trondheim, Norway.


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/12/03 17:21
End of Day Share Price2020/12/02 00:00
EarningsN/A
Annual EarningsN/A


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.