Company Valuation: Mowi ASA

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 10,819 8,212 8,397 8,534 10,862 9,802 - -
Change - -24.1% 2.25% 1.64% 27.27% -9.76% - -
Enterprise Value (EV) 1 12,077 9,971 10,187 10,402 13,516 12,829 12,688 12,517
Change - -17.44% 2.17% 2.11% 29.94% -5.08% -1.11% -1.34%
P/E 21.1x 10.5x 18.9x 18.1x 14.9x 32.6x 13.6x 11.4x
PBR 3.43x 2.34x 2.34x 2.22x 2.48x 2.28x 2.19x 2.07x
PEG - 0.2x -0.4x 3.11x 0.3x -0.6x 0x 0.6x
Capitalization / Revenue 2.57x 1.66x 1.53x 1.52x 1.9x 1.53x 1.42x 1.35x
EV / Revenue 2.87x 2.02x 1.85x 1.86x 2.36x 2x 1.84x 1.72x
EV / EBITDA 17.5x 8.45x 8.34x 10.1x 14.2x 9.18x 7.93x 7.05x
EV / EBIT 23.1x 9.92x 9.91x 12.5x 18.6x 13.3x 10.9x 9.33x
EV / FCF 20.5x 32.2x 17.1x 19.2x 27.3x 27.4x 16.6x 14.7x
FCF Yield 4.87% 3.11% 5.85% 5.21% 3.66% 3.65% 6.03% 6.82%
Dividend per Share 2 0.3626 0.6739 0.6337 0.5649 0.5909 0.7852 0.9412 1.237
Rate of return 1.73% 4.24% 3.9% 3.42% 2.87% 4.22% 5.06% 6.65%
EPS 2 0.99 1.51 0.86 0.91 1.38 0.5698 1.37 1.632
Distribution rate 36.6% 44.6% 73.7% 62.1% 42.8% 138% 68.7% 75.8%
Net sales 1 4,208 4,946 5,506 5,604 5,720 6,411 6,893 7,264
EBITDA 1 690.3 1,179 1,221 1,030 948.9 1,398 1,600 1,776
EBIT 1 522.6 1,005 1,028 828.9 726.8 964.4 1,159 1,342
Net income 1 511.8 782.4 444.4 468.5 717.9 304.4 720.6 858.1
Net Debt 1 1,257 1,759 1,790 1,867 2,654 3,027 2,885 2,715
Reference price 2 20.92 15.88 16.24 16.50 20.60 18.59 18.59 18.59
Nbr of stocks (in thousands) 517,111 517,111 517,111 517,111 527,291 527,291 - -
Announcement Date 16/2/22 14/2/23 14/2/24 12/2/25 11/2/26 - - -
1EUR in Million2EUR
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
19.62x2.7x13.48x4.21% 231B
17.97x2.35x14.01x3.56% 73.72B
15.31x1.63x9.28x4.09% 41.7B
14.73x0.53x9.47x2.62% 38.33B
19.29x2.96x12.01x3.63% 32.01B
36.01x3.11x18.13x1.03% 31.88B
25.03x5.24x16.72x3.35% 28.39B
-7.92x1.77x8.83x7.14% 26.63B
60.39x9.26x38.41x1.26% 26.11B
Average 22.27x 3.28x 15.59x 3.43% 58.88B
Weighted average by Cap. 20.58x 2.86x 14.29x 3.72%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA



Year-on-year evolution of the Yield