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Market Cap

kr8.1b

Last Updated

2021/09/16 21:33 UTC

Data Sources

Company Financials +

Executive Summary

Norway Royal Salmon ASA produces, harvests, sells, and markets smolt and salmon products in Norway. More Details


Snowflake Analysis

Good value with acceptable track record.

Share Price & News

How has Norway Royal Salmon's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: NRS is more volatile than 90% of Norwegian stocks over the past 3 months, typically moving +/- 11% a week.

Volatility Over Time: NRS's weekly volatility (11%) has been stable over the past year, but is still higher than 75% of Norwegian stocks.


Market Performance


7 Day Return

-3.9%

NRS

-0.3%

NO Food

-0.01%

NO Market


1 Year Return

-17.9%

NRS

9.6%

NO Food

21.3%

NO Market

Return vs Industry: NRS underperformed the Norwegian Food industry which returned 10.2% over the past year.

Return vs Market: NRS underperformed the Norwegian Market which returned 21.7% over the past year.


Shareholder returns

NRSIndustryMarket
7 Day-3.9%-0.3%-0.01%
30 Day-23.7%-3.7%0.7%
90 Day4.8%-6.0%4.0%
1 Year-17.5%-17.9%12.3%9.6%28.3%21.3%
3 Year-4.1%-7.5%29.0%18.5%18.6%5.1%
5 Year47.7%32.4%92.1%57.0%81.2%48.3%

Long-Term Price Volatility Vs. Market

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


Simply Wall St News

Valuation

Is Norway Royal Salmon 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: NRS (NOK184) is trading below our estimate of fair value (NOK704.67)

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


Price To Earnings Ratio

PE vs Industry: NRS is good value based on its PE Ratio (15.8x) compared to the Norwegian Food industry average (33x).

PE vs Market: NRS is poor value based on its PE Ratio (15.8x) compared to the Norwegian market (13.7x).


Price to Earnings Growth Ratio

PEG Ratio: NRS is poor value based on its PEG Ratio (2.6x)


Price to Book Ratio

PB vs Industry: NRS is good value based on its PB Ratio (2.2x) compared to the NO Food industry average (2.4x).


Future Growth

How is Norway Royal Salmon forecast to perform in the next 1 to 3 years based on estimates from 5 analysts?

6.2%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: NRS's forecast earnings growth (6.2% per year) is above the savings rate (1.2%).

Earnings vs Market: NRS's earnings (6.2% per year) are forecast to grow slower than the Norwegian market (10.2% per year).

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

Revenue vs Market: NRS's revenue (7.7% per year) is forecast to grow faster than the Norwegian market (5.9% per year).

High Growth Revenue: NRS's revenue (7.7% 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 (16.4%).


Past Performance

How has Norway Royal Salmon performed over the past 5 years?

-19.9%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: NRS has a high level of non-cash earnings.

Growing Profit Margin: NRS's current net profit margins (9.5%) are higher than last year (5.1%).


Past Earnings Growth Analysis

Earnings Trend: NRS's earnings have declined by 19.9% per year over the past 5 years.

Accelerating Growth: NRS's earnings growth over the past year (80.3%) exceeds its 5-year average (-19.9% per year).

Earnings vs Industry: NRS earnings growth over the past year (80.3%) exceeded the Food industry 33.1%.


Return on Equity

High ROE: NRS's Return on Equity (12.7%) is considered low.


Financial Health

How is Norway Royal Salmon's financial position?


Financial Position Analysis

Short Term Liabilities: NRS's short term assets (NOK2.4B) exceed its short term liabilities (NOK1.0B).

Long Term Liabilities: NRS's short term assets (NOK2.4B) do not cover its long term liabilities (NOK2.5B).


Debt to Equity History and Analysis

Debt Level: NRS's debt to equity ratio (42.5%) is considered high.

Reducing Debt: NRS's debt to equity ratio has increased from 10.9% to 42.5% over the past 5 years.

Debt Coverage: NRS's debt is well covered by operating cash flow (30.9%).

Interest Coverage: NRS's interest payments on its debt are well covered by EBIT (14.5x coverage).


Balance Sheet


Dividend

What is Norway Royal Salmon current dividend yield, its reliability and sustainability?

0.54%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: NRS's dividend (0.54%) isn’t notable compared to the bottom 25% of dividend payers in the Norwegian market (1.89%).

High Dividend: NRS's dividend (0.54%) is low compared to the top 25% of dividend payers in the Norwegian market (5.1%).


Stability and Growth of Payments

Stable Dividend: NRS is not paying a notable dividend for the Norwegian market, therefore no need to check if payments are stable.

Growing Dividend: NRS is not paying a notable dividend for the Norwegian market, therefore no need to check if payments are increasing.


Current Payout to Shareholders

Dividend Coverage: NRS is not paying a notable dividend for the Norwegian market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of NRS'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?

6.9yrs

Average management tenure


CEO

Charles Høstlund (46 yo)

6.92yrs

Tenure

kr6,405,000

Compensation

Mr. Charles Høstlund has been the Chief Executive Officer of Norway Royal Salmon AS since 2014. Mr. Høstlund served as Regional Director of Marine Harvest Norway Northern Region. He joined Norway Royal Sal...


CEO Compensation Analysis

Compensation vs Market: Charles's total compensation ($USD741.06K) is about average for companies of similar size in the Norwegian market ($USD658.87K).

Compensation vs Earnings: Charles's compensation has been consistent with company performance over the past year.


Leadership Team

Experienced Management: NRS's management team is seasoned and experienced (6.9 years average tenure).


Board Members

Experienced Board: NRS's board of directors are not considered experienced ( 2.3 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: NRS insiders have only sold shares 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

Norway Royal Salmon AS's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Norway Royal Salmon AS
  • Ticker: NRS
  • Exchange: OB
  • Founded: 1992
  • Industry: Packaged Foods and Meats
  • Sector: Food, Beverage & Tobacco
  • Market Cap: kr8.094b
  • Shares outstanding: 43.37m
  • Website: https://www.norwayroyalsalmon.com

Number of Employees


Location

  • Norway Royal Salmon AS
  • Ferjemannsveien 10
  • PO Box 2608
  • Trondheim
  • Sør-Trøndelag
  • 7414
  • Norway

Listings


Biography

Norway Royal Salmon ASA produces, harvests, sells, and markets smolt and salmon products in Norway. The company offers fresh and frozen fish, round fish, fillet, portions, and smoked and marinated products...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/09/16 21:33
End of Day Share Price2021/09/16 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.