NRS Stock Overview
Norway Royal Salmon ASA produces, harvests, sells, and markets smolt and salmon products in Norway.
Norway Royal Salmon Competitors
Price History & Performance
|Historical stock prices|
|Current Share Price||kr220.00|
|52 Week High||kr265.00|
|52 Week Low||kr143.60|
|1 Month Change||-11.65%|
|3 Month Change||-13.39%|
|1 Year Change||20.88%|
|3 Year Change||13.52%|
|5 Year Change||31.34%|
|Change since IPO||909.17%|
Recent News & Updates
|NRS||NO Food||NO Market|
Return vs Industry: NRS exceeded the Norwegian Food industry which returned -12.6% over the past year.
Return vs Market: NRS exceeded the Norwegian Market which returned -3.3% over the past year.
|NRS Average Weekly Movement||3.2%|
|Food Industry Average Movement||4.7%|
|Market Average Movement||6.7%|
|10% most volatile stocks in NO Market||11.5%|
|10% least volatile stocks in NO Market||3.6%|
Stable Share Price: NRS is less volatile than 75% of Norwegian stocks over the past 3 months, typically moving +/- 3% a week.
Volatility Over Time: NRS's weekly volatility (3%) has been stable over the past year.
About the Company
Norway Royal Salmon ASA produces, harvests, sells, and markets smolt and salmon products in Norway. The company offers fresh and frozen salmon fish, round fish, fillet, portions, and smoked and marinated products. It also exports its products to 48 countries.
Norway Royal Salmon Fundamentals Summary
|NRS fundamental statistics|
Is NRS overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|NRS income statement (TTM)|
|Cost of Revenue||kr5.06b|
Last Reported Earnings
Jun 30, 2022
Next Earnings Date
Nov 16, 2022
|Earnings per share (EPS)||6.92|
|Net Profit Margin||4.71%|
How did NRS perform over the long term?See historical performance and comparison
Is NRS undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score 2/6
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 NRS?
Other financial metrics that can be useful for relative valuation.
|What is NRS's n/a Ratio?|
Price to Earnings Ratio vs Peers
How does NRS's PE Ratio compare to its peers?
|NRS PE Ratio vs Peers|
|Company||PE||Estimated Growth||Market Cap|
GSF Grieg Seafood
ISLAX Icelandic Salmon
AUSS Austevoll Seafood
NRS Norway Royal Salmon
Price-To-Earnings vs Peers: NRS is expensive based on its Price-To-Earnings Ratio (31.8x) compared to the peer average (12.2x).
Price to Earnings Ratio vs Industry
How does NRS's PE Ratio compare vs other companies in the European Food Industry?
Price-To-Earnings vs Industry: NRS is expensive based on its Price-To-Earnings Ratio (31.8x) compared to the European Food industry average (15.8x)
Price to Earnings Ratio vs Fair Ratio
What is NRS'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||31.8x|
|Fair PE Ratio||29.3x|
Price-To-Earnings vs Fair Ratio: NRS is expensive based on its Price-To-Earnings Ratio (31.8x) compared to the estimated Fair Price-To-Earnings Ratio (29.3x).
Share Price vs Fair Value
What is the Fair Price of NRS when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: NRS (NOK220) is trading below our estimate of fair value (NOK972.34)
Significantly Below Fair Value: NRS 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 less than 20% higher than the current share price.
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How is Norway Royal Salmon forecast to perform in the next 1 to 3 years based on estimates from 5 analysts?
Future Growth Score4/6
Future Growth Score 4/6
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: NRS's forecast earnings growth (24.6% per year) is above the savings rate (1.1%).
Earnings vs Market: NRS's earnings (24.6% per year) are forecast to grow faster than the Norwegian market (-2.3% per year).
High Growth Earnings: NRS's earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: NRS's revenue (7.3% per year) is forecast to grow faster than the Norwegian market (0.5% per year).
High Growth Revenue: NRS's revenue (7.3% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: NRS's Return on Equity is forecast to be low in 3 years time (15.8%).
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How has Norway Royal Salmon performed over the past 5 years?
Past Performance Score0/6
Past Performance Score 0/6
Growing Profit Margin
Earnings vs Industry
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: NRS has a large one-off loss of NOK119.2M impacting its June 30 2022 financial results.
Growing Profit Margin: NRS's current net profit margins (4.7%) are lower than last year (9.5%).
Past Earnings Growth Analysis
Earnings Trend: NRS's earnings have declined by 12.1% per year over the past 5 years.
Accelerating Growth: NRS's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: NRS had negative earnings growth (-40.4%) over the past year, making it difficult to compare to the Food industry average (58.4%).
Return on Equity
High ROE: NRS's Return on Equity (6.6%) is considered low.
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How is Norway Royal Salmon's financial position?
Financial Health Score3/6
Financial Health Score 3/6
Short Term Liabilities
Long Term Liabilities
Financial Position Analysis
Short Term Liabilities: NRS's short term assets (NOK2.5B) exceed its short term liabilities (NOK1.3B).
Long Term Liabilities: NRS's short term assets (NOK2.5B) do not cover its long term liabilities (NOK2.8B).
Debt to Equity History and Analysis
Debt Level: NRS's net debt to equity ratio (40.4%) is considered high.
Reducing Debt: NRS's debt to equity ratio has increased from 28.6% to 42.1% over the past 5 years.
Debt Coverage: NRS's debt is well covered by operating cash flow (34.6%).
Interest Coverage: NRS's interest payments on its debt are well covered by EBIT (5.2x coverage).
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What is Norway Royal Salmon current dividend yield, its reliability and sustainability?
Dividend Score 0/6
Cash Flow Coverage
Forecast Dividend Yield
Dividend Yield vs Market
Notable Dividend: Unable to evaluate NRS's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate NRS'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 NRS's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if NRS's dividend payments have been increasing.
Earnings Payout to Shareholders
Earnings Coverage: NRS is not paying a notable dividend for the Norwegian market.
Cash Payout to Shareholders
Cash Flow Coverage: Unable to calculate sustainability of dividends as NRS has not reported any payouts.
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How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Charles Høstlund (47 yo)
Mr. Charles Høstlund serves as Interim Chief Executive Officer of Norway Royal Salmon AS since April 25, 2022. Previously served as the Chief Executive Officer of Norway Royal Salmon AS since 2014 until Se...
CEO Compensation Analysis
Compensation vs Market: Charles's total compensation ($USD487.39K) is about average for companies of similar size in the Norwegian market ($USD645.90K).
Compensation vs Earnings: Charles's compensation has been consistent with company performance over the past year.
Experienced Management: NRS's management team is not considered experienced ( 0.5 years average tenure), which suggests a new team.
Experienced Board: NRS's board of directors are not considered experienced ( 0.4 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.
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
|Ownership||Name||Shares||Current Value||Change %||Portfolio %|
Norway Royal Salmon AS's employee growth, exchange listings and data sources
- Name: Norway Royal Salmon AS
- Ticker: NRS
- Exchange: OB
- Founded: 1992
- Industry: Packaged Foods and Meats
- Sector: Food, Beverage & Tobacco
- Implied Market Cap: kr9.542b
- Shares outstanding: 43.37m
- Website: https://www.norwayroyalsalmon.com
Number of Employees
- Norway Royal Salmon AS
- Ferjemannsveien 10
- PO Box 2608
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|NRS||OB (Oslo Bors)||Yes||Ordinary Shares||NO||NOK||Mar 2011|
|0P3N||LSE (London Stock Exchange)||Yes||Ordinary Shares||GB||NOK||Mar 2011|
|NRSO||BATS-CHIXE (BATS 'Chi-X Europe')||Yes||Ordinary Shares||GB||NOK||Mar 2011|
|NRYY.F||OTCPK (Pink Sheets LLC)||Yes||Ordinary Shares||US||USD||Mar 2011|
|9NR||DB (Deutsche Boerse AG)||Yes||Ordinary Shares||DE||EUR||Mar 2011|
|NRYY.Y||OTCPK (Pink Sheets LLC)||UNSPONSORD ADS||US||USD||Apr 2019|
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2022/09/25 00:00|
|End of Day Share Price||2022/09/23 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.