Financials Grieg Seafood ASA

Equities

GSF

NO0010365521

Fishing & Farming

Market Closed - Oslo Bors 10:45:00 2024-05-23 am EDT 5-day change 1st Jan Change
74.75 NOK +4.47% Intraday chart for Grieg Seafood ASA -2.67% +9.44%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 15,496 9,543 9,333 8,805 7,659 8,023 - -
Enterprise Value (EV) 1 17,435 13,222 11,596 12,024 12,553 13,764 13,640 13,531
P/E ratio 24.9 x -19.7 x 7.55 x 7.71 x 29.7 x 184 x 9.22 x 7.5 x
Yield 2.85% - - 3.82% 6.59% 2.1% 3.44% 4.3%
Capitalization / Revenue 1.87 x 1.13 x 2.03 x 1.23 x 1.09 x 1.06 x 0.93 x 0.87 x
EV / Revenue 2.1 x 1.57 x 2.52 x 1.68 x 1.79 x 1.82 x 1.58 x 1.46 x
EV / EBITDA 11.6 x 22 x 14.2 x 5.49 x 9.41 x 7.46 x 5.77 x 5.11 x
EV / FCF 21.2 x -38 x 317 x 12 x -11.5 x -13.2 x -51.4 x -92.2 x
FCF Yield 4.72% -2.63% 0.32% 8.3% -8.69% -7.55% -1.95% -1.08%
Price to Book 3.79 x 2.18 x 1.67 x 1.36 x 1.2 x 1.23 x 1.12 x 1.02 x
Nbr of stocks (in thousands) 110,448 112,276 112,314 112,026 112,133 112,133 - -
Reference price 2 140.3 85.00 83.10 78.60 68.30 71.55 71.55 71.55
Announcement Date 2/13/20 2/10/21 2/15/22 2/16/23 2/22/24 - - -
1NOK in Million2NOK
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 8,304 8,437 4,599 7,164 7,020 7,545 8,642 9,244
EBITDA 1 1,498 601.9 818 2,191 1,334 1,846 2,366 2,649
EBIT 1 1,087 29.58 442.4 1,739 779.7 1,102 1,741 2,017
Operating Margin 13.09% 0.35% 9.62% 24.28% 11.11% 14.61% 20.14% 21.82%
Earnings before Tax (EBT) 1 840.6 -597 853.7 1,449 844.2 228.5 1,316 1,608
Net income 1 621.7 -493.8 1,236 1,149 259.8 44.15 919.7 1,081
Net margin 7.49% -5.85% 26.87% 16.04% 3.7% 0.59% 10.64% 11.7%
EPS 2 5.630 -4.320 11.00 10.20 2.300 0.3888 7.764 9.534
Free Cash Flow 1 823 -347.9 36.61 997.8 -1,091 -1,040 -265.6 -146.7
FCF margin 9.91% -4.12% 0.8% 13.93% -15.55% -13.78% -3.07% -1.59%
FCF Conversion (EBITDA) 54.94% - 4.48% 45.55% - - - -
FCF Conversion (Net income) 132.39% - 2.96% 86.84% - - - -
Dividend per Share 2 4.000 - - 3.000 4.500 1.500 2.460 3.075
Announcement Date 2/13/20 2/10/21 2/15/22 2/16/23 2/22/24 - - -
1NOK in Million2NOK
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 Q4 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4 2025 Q1 2025 Q2
Net sales 1 1,513 1,465 2,351 1,709 1,640 1,546 2,372 1,164 1,938 2,290 1,757 1,244 2,226 2,687 -
EBITDA 1 353.7 548.1 1,094 266.4 281.8 507.2 685.7 56.6 84.96 442.8 401.7 255.8 652.4 812.5 531
EBIT 1 265.4 453.1 985.8 144.6 156 385.4 547.3 -89.97 -66.95 291.8 247.4 168.6 439.4 668.5 360
Operating Margin 17.53% 30.94% 41.94% 8.46% 9.51% 24.94% 23.07% -7.73% -3.46% 12.74% 14.08% 13.56% 19.74% 24.88% -
Earnings before Tax (EBT) 1 363.2 878.3 864.3 -402.5 108.9 573.2 -4.497 -27.08 302.6 -301.2 159.1 -0.2978 373.9 627.7 447.7
Net income 1 791.6 691.8 679.3 -279.4 57.39 427.2 -562.8 148.3 247 -330.7 116.1 -0.8106 259.7 438.7 309.4
Net margin 52.3% 47.23% 28.9% -16.35% 3.5% 27.64% -23.72% 12.74% 12.75% -14.44% 6.61% -0.07% 11.67% 16.33% -
EPS 2 7.000 6.200 6.000 -2.500 0.5000 3.800 -5.000 1.300 2.200 -2.900 1.020 -0.003500 2.289 3.862 2.727
Dividend per Share 2 - - 3.000 - - - 4.500 4.500 - - 0.6000 0.3333 0.5000 0.5000 1.800
Announcement Date 2/15/22 5/12/22 8/22/22 11/10/22 2/16/23 5/12/23 8/25/23 11/14/23 2/22/24 5/16/24 - - - - -
1NOK in Million2NOK
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 1,939 3,679 2,263 3,219 4,895 5,741 5,617 5,507
Net Cash position 1 - - - - - - - -
Leverage (Debt/EBITDA) 1.294 x 6.112 x 2.766 x 1.469 x 3.668 x 3.11 x 2.374 x 2.079 x
Free Cash Flow 1 823 -348 36.6 998 -1,091 -1,040 -266 -147
ROE (net income / shareholders' equity) 15.7% -12.8% 24.8% 19.1% 4.04% 6.83% 12% 13.1%
ROA (Net income/ Total Assets) 7.28% -5.53% 11.6% 9.74% 1.96% 3.4% 5.1% 4.8%
Assets 1 8,539 8,937 10,684 11,792 13,269 1,298 18,034 22,527
Book Value Per Share 2 37.00 38.90 49.80 57.80 56.80 58.20 64.00 69.80
Cash Flow per Share 2 12.30 3.690 - 13.90 -2.640 3.400 8.300 7.300
Capex 1 535 760 565 564 792 1,499 1,156 1,070
Capex / Sales 6.44% 9.01% 12.28% 7.88% 11.28% 19.87% 13.38% 11.57%
Announcement Date 2/13/20 2/10/21 2/15/22 2/16/23 2/22/24 - - -
1NOK in Million2NOK
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
B
More Ratings
Sell
Consensus
Buy
Mean consensus
HOLD
Number of Analysts
6
Last Close Price
71.55 NOK
Average target price
75.67 NOK
Spread / Average Target
+5.75%
Consensus
  1. Stock Market
  2. Equities
  3. GSF Stock
  4. Financials Grieg Seafood ASA