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⚠️ Not investment advice. Past performance does not guarantee future results.
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Mowi MOWI.OL

Norway Consumer Defensive
5.6/10
AI Analyst score
203.40 NOK
Last price at analysis date · analyst target 225.11 (+10.7%)
🛒 Where to buy MOWI.OLPartner brokers · Norway · sample 200.00 € orderNorway
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🟡 HOLD — Hold; growth and dividend are attractive, but debt and tariff uncertainty warrant caution.

Mowi is the world's largest salmon producer, with integrated operations ranging from sea farming to processing and sale of seafood products. Mowi shows solid growth with record revenues (+23% in Q2 2026) and an attractive dividend yield of 3.36%, but its high leverage (ND/EBITDA 3.4) and the US tariff dispute add risks that limit valuation.

Financial health
4.7
Quality / Moat
3.3
Valuation
5.5
Growth
7.8
Dividend
7.8
Momentum
4.6
Risk & Context
7.7

Detailed metrics

Market and fundamental data as of the analysis date.

💵 Valuation
P/E15.43
Fwd P/E13.39
EV/EBITDA13.35
P/B2.27
P/S1.62
PEG1.50
Market cap107.25 B NOK
Enterprise value13.29 B EUR
🏰 Quality and moat
ROIC (approx.)1.4%
Gross margin46.19%
FCF conversion2%
Operating margin1.89%
📈 Profitability and margins
ROE15.46%
ROA5.10%
Net margin10.42%
FCF22.4 M EUR
FCF yield0.23%
🏦 Solvency and liquidity
Total debt3.65 B EUR
Net debt3.39 B EUR
Cash264.2 M EUR
EBITDA995.6 M EUR
Net debt / EBITDA3.40
D/E82.89
Current ratio3.36
Quick ratio1.08
🚀 Growth
Revenue growth14.70%
Earnings growthN/D
EPS (TTM)13.18 NOK
EPS (Fwd)15.19 NOK
💰 Dividend and risk
Dividend yield3.74%
Payout49.0%
Beta0.61
Analyst consensusBuy (11)
Target price225.11 NOK
52-week range179.40 NOK – 245.80 NOK
⚠️ Main risk: High leverage (ND/EBITDA 3.4) combined with the US tariff dispute and ECB rate hikes could pressure financial health and valuation.
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Full AI report

Generated automatically from the metrics, the macro context and the company's news.

Mowi is the world's largest salmon producer, with integrated operations ranging from sea farming to processing and sale of seafood products. Mowi shows solid growth with record revenues (+23% in Q2 2026) and an attractive dividend yield of 3.36%, but its high leverage (ND/EBITDA 3.4) and the US tariff dispute add risks that limit valuation.

Score by category

CategoryScore
Financial health4.7
Quality / Moat3.3
Valuation5.5
Growth7.8
Dividend7.8
Momentum4.6
Risk & Context7.7

OVERALL SCORE: 5.6/10

Context and risks

US tariff dispute on Norwegian salmon imports; risk of impact on a key market. Increased debt for expansion (ND/EBITDA 3.4) raises sensitivity to rates, although the ECB is hiking and the Fed may cut.

News considered in the analysis

  • Mowi ASA's Dividend Analysis — Análisis genérico de dividendo sin información nueva sobre la empresa.
  • Mowi ASA (MHGVY) (Q2 2026) Earnings Call Highlights: Record Harvest and Revenue Drive 23% ... — Resultados récord de cosecha e ingresos con crecimiento del 23%, refuerzan la fortaleza operativa y el crecimiento.
  • Mowi Taps Green Bond Market As Debt Rises And Projects Expand — Emisión de bonos verdes y aumento de deuda para expansión; refleja el apalancamiento creciente (DN/EBITDA 3.4).
  • Mowi ASA (MHGVY) Q1 2026 Earnings Call Highlights: Record Revenue and Strategic Growth Amid ... — Resultados récord del Q1 ya conocidos y descontados por el mercado.
  • Mowi Expands Norwegian Farming As US Tariff Dispute Clouds Valuation — Expansión en Noruega positiva, pero la disputa arancelaria con EE.UU. añade incertidumbre a la valoración.

Verdict: Hold; growth and dividend are attractive, but debt and tariff uncertainty warrant caution.

Main risk: High leverage (ND/EBITDA 3.4) combined with the US tariff dispute and ECB rate hikes could pressure financial health and valuation.

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Automatically generated analysis from fundamental, market and news data. Not personalised financial advice — a research tool, not an individual recommendation. Past performance does not guarantee future results. Last update of this analysis: 2026-09-28. Legal notice, privacy & cookies.