Lerøy Seafood Group LSG.OL
NorwayConsumer Defensive · Packaged FoodsEuronext Oslo Børs · NOK
48.38 NOK (+16.5%)
8 analysts
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Lerøy Seafood Group is a Norwegian company dedicated to the production and sale of seafood products, mainly salmon and other species, with operations ranging from aquaculture to processing and distribution.
Listed on Euronext Oslo Børs · Symbol LSG.OL · OB: LSG · Currency NOK
Key points
from its scores- ✓Favourable backdrop7.9
- ✕Weak growth1.0
- ✕Little competitive advantage3.8
- ✕Little or no dividend4.0
AI analysis
bottom line, main risk, context and newsWeak fundamentals and high leverage outweigh the valuation appeal.
Lerøy Seafood shows a deteriorated financial profile: negative operating margin (-4.28%), negative ROIC (-4.72%) and net debt/EBITDA of 3.36, with revenue growth of -10.6%. Despite a low forward P/E (10.69) and an FCF yield of 7.40%, dividend sustainability (payout 210%) and financial health are compromised.
The main risk is the combination of high debt (ND/EBITDA 3.36) with a negative operating margin, which jeopardizes dividend sustainability and the company's ability to navigate a rising rate environment in Europe.
Context and risks
The company operates in Norway, a country with solid institutions and minority protection, but with a moderate governance risk reflected in the analysis. There are no recent news or specific geopolitical or regulatory exposures that justify a larger adjustment.
Is Lerøy Seafood Group stock cheap or expensive?
at the analysis dateOn P/E and EV / EBITDA, it trades 42% above the Consumer Defensive median on average.
| Multiple | Company | Sector | Difference |
|---|---|---|---|
| P/E | 34.9 | 19.8 | +77% |
| EV / EBITDA | 11.6 | 10.8 | +7% |
| Price / book | 1.4 | 2.7 | −48% |
| Price / sales | 0.7 | 1.2 | −40% |
Sector: median of the 124 Consumer Defensive companies analysed. In bold, the multiples used for the comparison.
Valuation score: 6.0 out of 10 (median for Consumer Defensive: 6.3).
Average analyst target: 48.38 NOK, +16.5% versus the price.
A premium can be justified if the company is of higher quality or grows faster than its sector: Quality / Moat 3.8 (sector 5.7), Growth 1.0 (sector 5.3).
Classic formulas with standard assumptions (10.0% growth, 8-9% discount rate). Indicative only: they change a lot with the assumptions and are not a recommendation.
Work out its fair value yourself →How much would you have made investing every month? →
Comparing it with its sector does not say whether it is a good buy: this is not investment advice.
Score by category
0 to 10 · hover overtap each one to see what it measuresKey metrics
at the analysis date · compared with the Consumer Defensive medianValuation
- P/E
- 34.9
- Forward P/E
- 10.7
- EV / EBITDA
- 11.6
- Price / book
- 1.4
- Price / sales
- 0.7
- PEG
- 1.75
- Market cap
- 24.7B NOK
- Enterprise value
- 36.3B NOK
Profitability
- ROE
- 4.0%
- ROA
- 3.1%
- ROIC (approx.)
- −4.7%
- Gross margin
- 46.5%
- Operating margin
- −4.3%
- Net margin
- 2.1%
- Free cash flow
- 1.8B NOK
- FCF yield
- 7.4%
- Cash conversion
- 59%
Solvency
- Total debt
- 13.0B NOK
- Net debt
- 10.5B NOK
- Cash
- 2.6B NOK
- EBITDA
- 3.1B NOK
- Net debt / EBITDA
- 3.36
- Debt / equity
- 70.80
- Current ratio
- 1.76
- Quick ratio
- 0.72
Growth
- Revenue growth
- −10.6%
- EPS (TTM)
- 1.19 NOK
- EPS (forward)
- 3.89 NOK
Dividend
- Dividend yield
- 6.0%
- Payout
- 210.1%
Risk and market
- Beta
- 0.60
- Analyst consensus
- Buy (8)
- Target price
- 48.38 NOK
- 52-week range
- 37.74 – 52.40
Recent news
All LSG.OL news →Compare it with its sector
All 124 in Consumer Defensive →Frequently asked questions about Lerøy Seafood Group
Is Lerøy Seafood Group stock cheap or expensive?
On P/E and EV / EBITDA, it trades 42% above the Consumer Defensive median on average. Valuation score: 6.0 out of 10 (median for Consumer Defensive: 6.3). Average analyst target: 48.38 NOK, +16.5% versus the price. This is not investment advice.
What score does Lerøy Seafood Group get on MeridIAn Screener?
It scores 4.7 out of 10, rank 1,817 of 2,130 (better than 14% of the companies analysed). Its strongest category is Risk & Context (7.9) and its weakest, Growth (1.0). Analysis of 08/10/2026.
What is Lerøy Seafood Group's P/E ratio?
Its P/E is 34.9: the share price equals 34.9 times earnings per share over the last 12 months. The Consumer Defensive median is 19.8. Based on the earnings analysts expect, the forward P/E is 10.7.
How much is Lerøy Seafood Group worth on the stock market?
Its market capitalisation is 24.7B NOK and its enterprise value, debt included, is 36.3B NOK.
How much debt does Lerøy Seafood Group have?
Its net debt (debt minus cash) is 10.5B NOK. That is 3.36 times its EBITDA; the Consumer Defensive median is 2.38.
Does Lerøy Seafood Group pay a dividend?
Yes: its dividend yield is 6.02% and it pays out 210% of its earnings.
How has Lerøy Seafood Group stock performed over the last year?
It has fallen 12.5% over the last year, excluding dividends. Over the last 52 weeks it has traded between 37.74 and 52.40 NOK. Past performance does not guarantee future results.
What do analysts think of Lerøy Seafood Group?
8 analysts cover it; their average recommendation is “Buy” and their average target is 48.38 NOK (+16.5% versus the price). It is an estimate, not market data.