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Mowi ASA, a seafood company, produces and sells Atlantic salmon products worldwide. It operates through Feed, Farming, Markets, Consumer Products, and other segments. The company is involved in salmon feed production, salmon farming and primary processing, and seafood secondary processing activities. It offers whole fish, plain and marinated fillets and steaks, hot- and cold-smoked salmon, and burgers and patties, as well as breaded, gravad, and sushi products. The company was formerly known as Marine Harvest ASA and changed its name to Mowi ASA in December 2018. Mowi ASA was founded in 1964 and is based in Bergen, Norway.
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A unique technical analysis driven score developed by Kalkine showing momentum in stock prices based on select technical indicators identified.
Mowi ASA is a vertically integrated seafood company farming, processing and selling Atlantic salmon across Norway, Scotland, Canada, Chile and the Faroe Islands. Long-term growth may be supported by rising global seafood demand, scale advantages in genetics and feed efficiency, and expanded value-added products, making it attractive for investors seeking exposure to large-scale salmon production.
Major risks include biological and environmental threats (sea lice, disease, algal blooms), regulatory and permitting changes, feed and currency exposure, and volatile salmon prices.
Note: The summary and risk score provided above is created by AI and should not be construed as a recommendation of Kalkine.
| Breakdown | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
| Income before tax | 823.03M | 631.70M | 898.70M | 1000.90M | 593.40M |
| Minority interest | 11.40M | -6.30M | -3.80M | -3.00M | -0.20M |
| Net income | 709.92M | 468.50M | 444.40M | 782.40M | 487.60M |
| Selling general administrative | 96.70M | 99.90M | 94.20M | 86.40M | 86.60M |
| Selling and marketing expenses | 24.80M | 23.20M | 24.50M | 25.50M | 24.70M |
| Gross profit | 2769.40M | 2804.40M | 2527.60M | 2673.70M | 2094.20M |
| Reconciled depreciation | 454.00M | 447.80M | 397.30M | 386.60M | 373.20M |
| Ebit | 962.40M | 775.20M | 1011.80M | 1124.70M | 737.40M |
| Ebitda | 1416.40M | 1223.00M | 1415.60M | 1511.30M | 1110.60M |
| Depreciation and amortization | 454.00M | 447.80M | 403.80M | 386.60M | 373.20M |
| Operating income | 614.41M | 833.30M | 1905.60M | 1124.70M | 737.40M |
| Other operating expenses | 5052.30M | 4770.50M | 3600.20M | 3815.00M | 3514.50M |
| Interest expense | 128.54M | 143.50M | 113.10M | 52.60M | 59.10M |
| Tax provision | 125.80M | 156.90M | 459.20M | 215.50M | 105.50M |
| Interest income | 8.40M | 12.30M | 6.50M | 2.00M | 0.50M |
| Net interest income | -129.70M | -135.20M | -100.90M | -56.40M | -58.50M |
| Income tax expense | 124.38M | 156.90M | 459.20M | 215.50M | 105.50M |
| Total revenue | 5688.70M | 5603.80M | 5505.80M | 4907.30M | 4165.90M |
| Total operating expenses | 2133.00M | 1971.10M | 622.00M | 1581.40M | 1442.80M |
| Cost of revenue | 2919.30M | 2799.40M | 2978.20M | 2233.60M | 2071.70M |
| Total other income expense net | 208.63M | -201.60M | -1006.90M | -123.80M | -144.00M |
| Net income from continuing ops | 706.60M | 474.80M | 421.80M | 785.40M | 487.90M |
| Net income applicable to common shares | - | - | - | 782.40M | 487.60M |
| Breakdown | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
| Total assets | 10228.50M | 8554.70M | 8239.00M | 7531.30M | 6259.50M |
| Intangible assets | 2101.10M | 1262.30M | 1246.40M | 1224.10M | 946.50M |
| Other current assets | - | 163.80M | 252.50M | - | 700.70M |
| Total liab | 5663.50M | 4549.10M | 4484.30M | 3844.10M | 3128.10M |
| Total stockholder equity | 4371.10M | 3839.20M | 3585.60M | 3507.50M | 3129.00M |
| Other current liab | 0.59M | 514.40M | 345.50M | 666.30M | 72.20M |
| Common stock | 411.40M | 404.80M | 404.80M | 404.80M | 404.80M |
| Capital stock | 411.40M | 404.80M | 404.80M | 404.80M | 404.80M |
| Other liab | - | - | - | - | 460.60M |
| Good will | 632.90M | 369.60M | 368.10M | 371.40M | 321.20M |
| Other assets | -0.10M | 0.30M | 9.12M | -0.20M | -0.10M |
| Cash | 289.30M | 276.70M | 288.40M | 170.90M | 94.90M |
| Total current liabilities | 1470.90M | 1411.70M | 1264.80M | 1488.40M | 972.90M |
| Current deferred revenue | - | - | 3.51M | - | 325.20M |
| Net debt | 3173.40M | 2398.40M | 2278.50M | 2229.40M | 1782.50M |
| Short term debt | 329.00M | 379.40M | 174.60M | 385.10M | 182.70M |
| Short long term debt | 149.90M | 200.00M | 0.10M | 211.60M | - |
| Short long term debt total | 3462.70M | 2675.10M | 2566.90M | 2400.30M | 1877.40M |
| Other stockholder equity | 1458.20M | 1274.70M | 3180.80M | 3102.70M | 2724.20M |
| Property plant equipment | - | - | - | 2163.10M | 2017.20M |
| Total current assets | 4309.90M | 4111.90M | 3979.50M | 3488.90M | 2717.40M |
| Net tangible assets | - | - | - | 1912.10M | 1861.50M |
| Short term investments | - | - | 3.70M | 6.00M | 8.20M |
| Net receivables | 1076.10M | 774.50M | 654.30M | 600.10M | 582.40M |
| Long term debt | 2790.10M | 1957.30M | 2093.00M | 1725.80M | 1359.00M |
| Inventory | 2944.50M | 2896.90M | 2748.70M | 2516.40M | 1913.60M |
| Accounts payable | 1141.31M | 517.90M | 560.70M | 437.00M | 392.80M |
| Accumulated other comprehensive income | 2500.21M | 2159.70M | 2107.81M | - | - |
| Non currrent assets other | 5.25M | 1.20M | 76.60M | 6.90M | 8.80M |
| Non current assets total | 5918.70M | 4442.50M | 4259.50M | 4042.60M | 3542.20M |
| Capital lease obligations | 522.70M | 517.80M | 473.80M | 462.90M | 518.40M |
| Breakdown | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
| Investments | -445.00M | -332.10M | -564.40M | -469.40M | 106.50M |
| Change to liabilities | - | - | - | 0.00M | 0.00M |
| Total cashflows from investing activities | -804.60M | -332.10M | -413.60M | -469.40M | -133.70M |
| Net borrowings | 527.90M | 55.40M | 158.90M | 300.30M | -402.30M |
| Total cash from financing activities | -62.00M | -598.30M | -458.20M | -99.90M | -706.60M |
| Net income | 835.20M | 631.70M | 451.73M | 1000.90M | 593.40M |
| Change in cash | 1.30M | -11.70M | 117.60M | 75.90M | -5.40M |
| Begin period cash flow | 276.70M | 288.40M | 170.80M | 94.90M | 100.30M |
| End period cash flow | 278.00M | 276.70M | 288.40M | 170.80M | 94.90M |
| Total cash from operating activities | 870.90M | 916.60M | 992.20M | 644.80M | 833.10M |
| Depreciation | - | - | 410.56M | 386.60M | 373.20M |
| Other cashflows from investing activities | 16.60M | 20.20M | 18.57M | - | 107.90M |
| Dividends paid | 297.20M | 293.50M | 326.10M | -380.60M | -226.80M |
| Change to inventory | -37.50M | -44.20M | -173.50M | -491.40M | -26.40M |
| Other cashflows from financing activities | -292.70M | -360.20M | -94.80M | 280.70M | -270.20M |
| Change to netincome | - | - | - | - | -1.30M |
| Capital expenditures | 376.20M | 374.20M | 396.30M | 335.20M | 244.70M |
| Change in working capital | -37.50M | -44.20M | -147.70M | -491.40M | -26.40M |
| Stock based compensation | - | - | 4.80M | - | - |
| Other non cash items | 73.20M | 329.10M | 272.81M | -251.30M | 266.10M |
| Free cash flow | 494.70M | 542.40M | 595.90M | 309.60M | 588.40M |
Sector: Consumer Defensive Industry: Farm Products
|
Stock Name
|
Change
(USD) |
Price
(USD) |
Trailing
PE (x) |
Forward
PE (x) |
Price Sales
TTM (x) |
Price to Book Value (x)
|
Enterprise Value
to Revenue (x) |
Enterprise Value
to EBITDA (x) |
|---|---|---|---|---|---|---|---|---|
| MNHVF Mowi ASA |
- -% |
23.55 | 15.54 | 15.90 | 1.89 | 2.37 | 2.20 | 9.26 |
| ADM Archer-Daniels-Midland Company |
-0.50 0.71% |
69.97 | 23.66 | 16.45 | 0.51 | 1.77 | 0.61 | 12.88 |
| BG Bunge Global SA |
0.56 0.57% |
99.10 | 25.52 | 14.53 | 0.35 | 1.53 | 0.54 | 15.43 |
| TSN Tyson Foods Inc |
-0.43 0.72% |
59.68 | - | 24.94 | 0.34 | 1.00 | 0.51 | 26.68 |
| MHGVY Mowi ASA ADR |
-0.52 2.21% |
23.02 | 15.41 | 15.80 | 1.88 | 2.35 | 2.19 | 9.22 |
Mowi ASA, a seafood company, produces and sells Atlantic salmon products worldwide. It operates through Feed, Farming, Markets, Consumer Products, and other segments. The company is involved in salmon feed production, salmon farming and primary processing, and seafood secondary processing activities. It offers whole fish, plain and marinated fillets and steaks, hot- and cold-smoked salmon, and burgers and patties, as well as breaded, gravad, and sushi products. The company was formerly known as Marine Harvest ASA and changed its name to Mowi ASA in December 2018. Mowi ASA was founded in 1964 and is based in Bergen, Norway.
| Name | Title | Year Born |
|---|---|---|
| Mr. Ivan Vindheim | Chief Exec. Officer | 1971 |
| Mr. Kristian Ellingsen | Chief Financial Officer | 1980 |
| Ms. Catarina Martins | Chief Sustainability Officer & CTO | 1977 |
| Mr. Ola Brattvoll | Chief Operating Officer of Sales & Marketing | 1968 |
| Ms. Anne Lorgen Riise | Chief Human Resource Officer | 1971 |
| Mr. Benjamin Hadfield | Chief Operating Officer of Farming Scotland, Ireland & Faroes | 1976 |
| Mr. Oyvind Oaland | Chief Operating Officer of Farming Norway | 1970 |
| Mr. Atle Kvist | Chief Operating Officer of Feed | 1963 |
| Mr. Fernando Villarroel | Chief Operating Officer of Farming Americas | 1974 |
| Kim Galtung Dosvig | Head of Treasury & Investor Relations Officer | NA |
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