MOWI ASA (MOWI.OL) Stock Fundamental Analysis

Europe • Euronext Oslo • OSL:MOWI • NO0003054108

226.6 NOK
+1.4 (+0.62%)
Last: Feb 4, 2026, 07:00 PM
Fundamental Rating

5

MOWI gets a fundamental rating of 5 out of 10. The analysis compared the fundamentals against 67 industry peers in the Food Products industry. MOWI has only an average score on both its financial health and profitability. MOWI is not valued too expensively and it also shows a decent growth rate.


Dividend Valuation Growth Profitability Health

6

1. Profitability

1.1 Basic Checks

  • MOWI had positive earnings in the past year.
  • In the past year MOWI had a positive cash flow from operations.
  • MOWI had positive earnings in each of the past 5 years.
  • Each year in the past 5 years MOWI had a positive operating cash flow.
MOWI.OL Yearly Net Income VS EBIT VS OCF VS FCFMOWI.OL Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 200M 400M 600M 800M

1.2 Ratios

  • MOWI has a better Return On Assets (4.90%) than 68.66% of its industry peers.
  • The Return On Equity of MOWI (10.82%) is better than 64.18% of its industry peers.
  • MOWI has a Return On Invested Capital (6.02%) which is in line with its industry peers.
  • MOWI had an Average Return On Invested Capital over the past 3 years of 8.30%. This is in line with the industry average of 7.31%.
Industry RankSector Rank
ROA 4.9%
ROE 10.82%
ROIC 6.02%
ROA(3y)7.09%
ROA(5y)6.21%
ROE(3y)15.63%
ROE(5y)13.34%
ROIC(3y)8.3%
ROIC(5y)6.82%
MOWI.OL Yearly ROA, ROE, ROICMOWI.OL Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 5 10 15 20 25

1.3 Margins

  • MOWI's Profit Margin of 7.03% is fine compared to the rest of the industry. MOWI outperforms 76.12% of its industry peers.
  • MOWI's Profit Margin has declined in the last couple of years.
  • With a decent Operating Margin value of 11.58%, MOWI is doing good in the industry, outperforming 73.13% of the companies in the same industry.
  • In the last couple of years the Operating Margin of MOWI has declined.
  • MOWI's Gross Margin of 50.15% is amongst the best of the industry. MOWI outperforms 82.09% of its industry peers.
  • In the last couple of years the Gross Margin of MOWI has remained more or less at the same level.
Industry RankSector Rank
OM 11.58%
PM (TTM) 7.03%
GM 50.15%
OM growth 3Y10.31%
OM growth 5Y-4.51%
PM growth 3Y-10.35%
PM growth 5Y-6.26%
GM growth 3Y1.55%
GM growth 5Y-0.76%
MOWI.OL Yearly Profit, Operating, Gross MarginsMOWI.OL Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 10 20 30 40 50

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5

2. Health

2.1 Basic Checks

  • The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so MOWI is destroying value.
  • The number of shares outstanding for MOWI remains at a similar level compared to 1 year ago.
  • Compared to 5 years ago, MOWI has about the same amount of shares outstanding.
  • Compared to 1 year ago, MOWI has a worse debt to assets ratio.
MOWI.OL Yearly Shares OutstandingMOWI.OL Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 100M 200M 300M 400M 500M
MOWI.OL Yearly Total Debt VS Total AssetsMOWI.OL Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 2B 4B 6B 8B

2.2 Solvency

  • MOWI has a debt to FCF ratio of 4.28. This is a neutral value as MOWI would need 4.28 years to pay back of all of its debts.
  • The Debt to FCF ratio of MOWI (4.28) is better than 76.12% of its industry peers.
  • A Debt/Equity ratio of 0.58 indicates that MOWI is somewhat dependend on debt financing.
  • The Debt to Equity ratio of MOWI (0.58) is comparable to the rest of the industry.
Industry RankSector Rank
Debt/Equity 0.58
Debt/FCF 4.28
Altman-Z N/A
ROIC/WACC0.71
WACC8.45%
MOWI.OL Yearly LT Debt VS Equity VS FCFMOWI.OL Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 1B 2B 3B

2.3 Liquidity

  • MOWI has a Current Ratio of 2.70. This indicates that MOWI is financially healthy and has no problem in meeting its short term obligations.
  • With an excellent Current ratio value of 2.70, MOWI belongs to the best of the industry, outperforming 85.07% of the companies in the same industry.
  • A Quick Ratio of 2.25 indicates that MOWI has no problem at all paying its short term obligations.
  • MOWI's Quick ratio of 2.25 is amongst the best of the industry. MOWI outperforms 86.57% of its industry peers.
Industry RankSector Rank
Current Ratio 2.7
Quick Ratio 2.25
MOWI.OL Yearly Current Assets VS Current LiabilitesMOWI.OL Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 1B 2B 3B 4B

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4

3. Growth

3.1 Past

  • MOWI shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 9.39%, which is quite good.
  • The Earnings Per Share has been decreasing by -1.84% on average over the past years.
  • Looking at the last year, MOWI shows a small growth in Revenue. The Revenue has grown by 1.92% in the last year.
  • The Revenue has been growing slightly by 6.26% on average over the past years.
EPS 1Y (TTM)9.39%
EPS 3Y11.15%
EPS 5Y-1.84%
EPS Q2Q%-38.1%
Revenue 1Y (TTM)1.92%
Revenue growth 3Y10.07%
Revenue growth 5Y6.26%
Sales Q2Q%-3.5%

3.2 Future

  • The Earnings Per Share is expected to grow by 20.07% on average over the next years. This is a very strong growth
  • The Revenue is expected to decrease by -2.33% on average over the next years.
EPS Next Y-6.42%
EPS Next 2Y25.27%
EPS Next 3Y20.07%
EPS Next 5YN/A
Revenue Next Year2.5%
Revenue Next 2Y11.25%
Revenue Next 3Y8.94%
Revenue Next 5Y-2.33%

3.3 Evolution

  • When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
  • When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
MOWI.OL Yearly Revenue VS EstimatesMOWI.OL Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2B 4B 6B
MOWI.OL Yearly EPS VS EstimatesMOWI.OL Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 0.5 1 1.5

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4

4. Valuation

4.1 Price/Earnings Ratio

  • The Price/Earnings ratio is 18.51, which indicates a rather expensive current valuation of MOWI.
  • MOWI's Price/Earnings ratio is in line with the industry average.
  • When comparing the Price/Earnings ratio of MOWI to the average of the S&P500 Index (28.25), we can say MOWI is valued slightly cheaper.
  • Based on the Price/Forward Earnings ratio of 12.27, the valuation of MOWI can be described as correct.
  • Based on the Price/Forward Earnings ratio, MOWI is valued a bit cheaper than 65.67% of the companies in the same industry.
  • The average S&P500 Price/Forward Earnings ratio is at 27.50. MOWI is valued rather cheaply when compared to this.
Industry RankSector Rank
PE 18.51
Fwd PE 12.27
MOWI.OL Price Earnings VS Forward Price EarningsMOWI.OL Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30 40

4.2 Price Multiples

  • The rest of the industry has a similar Enterprise Value to EBITDA ratio as MOWI.
  • Compared to the rest of the industry, the Price/Free Cash Flow ratio of MOWI is on the same level as its industry peers.
Industry RankSector Rank
P/FCF 18.29
EV/EBITDA 10.91
MOWI.OL Per share dataMOWI.OL EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 20 40 60 80 100

4.3 Compensation for Growth

  • The decent profitability rating of MOWI may justify a higher PE ratio.
  • A more expensive valuation may be justified as MOWI's earnings are expected to grow with 20.07% in the coming years.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y25.27%
EPS Next 3Y20.07%

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4

5. Dividend

5.1 Amount

  • MOWI has a Yearly Dividend Yield of 3.01%.
  • MOWI's Dividend Yield is a higher than the industry average which is at 2.76.
  • Compared to an average S&P500 Dividend Yield of 1.82, MOWI pays a better dividend.
Industry RankSector Rank
Dividend Yield 3.01%

5.2 History

  • The dividend of MOWI decreases each year by -11.66%.
Dividend Growth(5Y)-11.66%
Div Incr Years0
Div Non Decr Years0

5.3 Sustainability

  • MOWI pays out 73.99% of its income as dividend. This is not a sustainable payout ratio.
DP73.99%
EPS Next 2Y25.27%
EPS Next 3Y20.07%
MOWI.OL Yearly Income VS Free CF VS DividendMOWI.OL Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 200M 400M 600M
MOWI.OL Dividend Payout.MOWI.OL Dividend Payout, showing the Payout Ratio.MOWI.OL Dividend Payout.PayoutRetained Earnings

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MOWI ASA

OSL:MOWI (2/4/2026, 7:00:00 PM)

226.6

+1.4 (+0.62%)

Chartmill FA Rating
GICS SectorConsumer Staples
GICS IndustryGroupFood, Beverage & Tobacco
GICS IndustryFood Products
Earnings (Last)11-05
Earnings (Next)02-11
Inst Owners53.1%
Inst Owner ChangeN/A
Ins Owners0.01%
Ins Owner ChangeN/A
Market Cap119.48B
Revenue(TTM)5.64B
Net Income(TTM)396.40M
Analysts81.05
Price Target259.73 (14.62%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 3.01%
Yearly Dividend6.46
Dividend Growth(5Y)-11.66%
DP73.99%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)-5.14%
Min EPS beat(2)-15.03%
Max EPS beat(2)4.74%
EPS beat(4)3
Avg EPS beat(4)4.27%
Min EPS beat(4)-15.03%
Max EPS beat(4)22.59%
EPS beat(8)5
Avg EPS beat(8)1.02%
EPS beat(12)5
Avg EPS beat(12)-1.29%
EPS beat(16)6
Avg EPS beat(16)-1.94%
Revenue beat(2)0
Avg Revenue beat(2)-10.87%
Min Revenue beat(2)-13.95%
Max Revenue beat(2)-7.79%
Revenue beat(4)0
Avg Revenue beat(4)-7.29%
Min Revenue beat(4)-13.95%
Max Revenue beat(4)-1.66%
Revenue beat(8)1
Avg Revenue beat(8)-5.82%
Revenue beat(12)3
Avg Revenue beat(12)-4.58%
Revenue beat(16)3
Avg Revenue beat(16)-4.46%
PT rev (1m)1.49%
PT rev (3m)9.56%
EPS NQ rev (1m)-5.77%
EPS NQ rev (3m)-18.33%
EPS NY rev (1m)-1.31%
EPS NY rev (3m)-9.37%
Revenue NQ rev (1m)-0.66%
Revenue NQ rev (3m)-6.66%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-3.54%
Valuation
Industry RankSector Rank
PE 18.51
Fwd PE 12.27
P/S 1.86
P/FCF 18.29
P/OCF 11.87
P/B 2.86
P/tB 5.06
EV/EBITDA 10.91
EPS(TTM)12.24
EY5.4%
EPS(NY)18.46
Fwd EY8.15%
FCF(TTM)12.39
FCFY5.47%
OCF(TTM)19.09
OCFY8.43%
SpS122.09
BVpS79.35
TBVpS44.8
PEG (NY)N/A
PEG (5Y)N/A
Graham Number147.83
Profitability
Industry RankSector Rank
ROA 4.9%
ROE 10.82%
ROCE 9.7%
ROIC 6.02%
ROICexc 6.14%
ROICexgc 8.1%
OM 11.58%
PM (TTM) 7.03%
GM 50.15%
FCFM 10.15%
ROA(3y)7.09%
ROA(5y)6.21%
ROE(3y)15.63%
ROE(5y)13.34%
ROIC(3y)8.3%
ROIC(5y)6.82%
ROICexc(3y)8.62%
ROICexc(5y)7.05%
ROICexgc(3y)11.54%
ROICexgc(5y)9.4%
ROCE(3y)13.39%
ROCE(5y)10.99%
ROICexgc growth 3Y10.32%
ROICexgc growth 5Y-5.08%
ROICexc growth 3Y10.63%
ROICexc growth 5Y-4.96%
OM growth 3Y10.31%
OM growth 5Y-4.51%
PM growth 3Y-10.35%
PM growth 5Y-6.26%
GM growth 3Y1.55%
GM growth 5Y-0.76%
F-Score6
Asset Turnover0.7
Health
Industry RankSector Rank
Debt/Equity 0.58
Debt/FCF 4.28
Debt/EBITDA 1.81
Cap/Depr 60.35%
Cap/Sales 5.49%
Interest Coverage 5.42
Cash Conversion 75.64%
Profit Quality 144.3%
Current Ratio 2.7
Quick Ratio 2.25
Altman-Z N/A
F-Score6
WACC8.45%
ROIC/WACC0.71
Cap/Depr(3y)80.22%
Cap/Depr(5y)76.78%
Cap/Sales(3y)6.89%
Cap/Sales(5y)6.98%
Profit Quality(3y)96.48%
Profit Quality(5y)113.83%
High Growth Momentum
Growth
EPS 1Y (TTM)9.39%
EPS 3Y11.15%
EPS 5Y-1.84%
EPS Q2Q%-38.1%
EPS Next Y-6.42%
EPS Next 2Y25.27%
EPS Next 3Y20.07%
EPS Next 5YN/A
Revenue 1Y (TTM)1.92%
Revenue growth 3Y10.07%
Revenue growth 5Y6.26%
Sales Q2Q%-3.5%
Revenue Next Year2.5%
Revenue Next 2Y11.25%
Revenue Next 3Y8.94%
Revenue Next 5Y-2.33%
EBIT growth 1Y-10.66%
EBIT growth 3Y21.42%
EBIT growth 5Y1.48%
EBIT Next Year35.52%
EBIT Next 3Y30.44%
EBIT Next 5YN/A
FCF growth 1Y22.69%
FCF growth 3Y-2.68%
FCF growth 5Y3.07%
OCF growth 1Y1.79%
OCF growth 3Y3.24%
OCF growth 5Y3.85%

MOWI ASA / MOWI.OL FAQ

Can you provide the ChartMill fundamental rating for MOWI ASA?

ChartMill assigns a fundamental rating of 5 / 10 to MOWI.OL.


What is the valuation status for MOWI stock?

ChartMill assigns a valuation rating of 4 / 10 to MOWI ASA (MOWI.OL). This can be considered as Fairly Valued.


How profitable is MOWI ASA (MOWI.OL) stock?

MOWI ASA (MOWI.OL) has a profitability rating of 6 / 10.


What is the valuation of MOWI ASA based on its PE and PB ratios?

The Price/Earnings (PE) ratio for MOWI ASA (MOWI.OL) is 18.51 and the Price/Book (PB) ratio is 2.86.


What is the financial health of MOWI ASA (MOWI.OL) stock?

The financial health rating of MOWI ASA (MOWI.OL) is 5 / 10.