MOWI ASA (MOWI.OL) Stock Fundamental Analysis
OSL:MOWI - Euronext Oslo - NO0003054108 - Common Stock - Currency: NOK
We assign a fundamental rating of 5 out of 10 to MOWI. MOWI was compared to 57 industry peers in the Food Products industry. MOWI has only an average score on both its financial health and profitability. MOWI has a valuation in line with the averages, but on the other hand it scores bad on growth.
1. Profitability
1.1 Basic Checks
MOWI had positive earnings in the past year.
In the past year MOWI had a positive cash flow from operations.
Each year in the past 5 years MOWI has been profitable.
In the past 5 years MOWI always reported a positive cash flow from operatings.
1.2 Ratios
Looking at the Return On Assets, with a value of 5.48%, MOWI is in the better half of the industry, outperforming 70.69% of the companies in the same industry.
Looking at the Return On Equity, with a value of 12.20%, MOWI is in the better half of the industry, outperforming 72.41% of the companies in the same industry.
MOWI has a Return On Invested Capital of 6.72%. This is in the better half of the industry: MOWI outperforms 67.24% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for MOWI is in line with the industry average of 7.01%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 5.48% | ||
| ROE | 12.2% | ||
| ROIC | 6.72% |
ROA(3y)7.09%
ROA(5y)6.21%
ROE(3y)15.63%
ROE(5y)13.34%
ROIC(3y)8.3%
ROIC(5y)6.82%
1.3 Margins
MOWI's Profit Margin of 8.36% is fine compared to the rest of the industry. MOWI outperforms 72.41% of its industry peers.
In the last couple of years the Profit Margin of MOWI has declined.
MOWI has a Operating Margin of 13.82%. This is in the better half of the industry: MOWI outperforms 77.59% of its industry peers.
MOWI's Operating Margin has declined in the last couple of years.
With a decent Gross Margin value of 47.01%, MOWI is doing good in the industry, outperforming 70.69% of the companies in the same industry.
In the last couple of years the Gross Margin of MOWI has remained more or less at the same level.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 13.82% | ||
| PM (TTM) | 8.36% | ||
| GM | 47.01% |
OM growth 3Y10.31%
OM growth 5Y-4.51%
PM growth 3Y-10.35%
PM growth 5Y-6.26%
GM growth 3Y1.55%
GM growth 5Y-0.76%
2. Health
2.1 Basic Checks
MOWI has a Return on Invested Capital (ROIC), which is just above the Cost of Capital (WACC), which means it is creating some value.
The number of shares outstanding for MOWI remains at a similar level compared to 1 year ago.
MOWI has about the same amout of shares outstanding than it did 5 years ago.
MOWI has a worse debt/assets ratio than last year.
2.2 Solvency
The Debt to FCF ratio of MOWI is 4.93, which is a neutral value as it means it would take MOWI, 4.93 years of fcf income to pay off all of its debts.
With a decent Debt to FCF ratio value of 4.93, MOWI is doing good in the industry, outperforming 65.52% of the companies in the same industry.
A Debt/Equity ratio of 0.60 indicates that MOWI is somewhat dependend on debt financing.
MOWI has a Debt to Equity ratio (0.60) which is in line with its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.6 | ||
| Debt/FCF | 4.93 | ||
| Altman-Z | N/A |
ROIC/WACC0.92
WACC7.32%
2.3 Liquidity
MOWI has a Current Ratio of 2.91. This indicates that MOWI is financially healthy and has no problem in meeting its short term obligations.
The Current ratio of MOWI (2.91) is better than 87.93% of its industry peers.
MOWI has a Quick Ratio of 2.50. This indicates that MOWI is financially healthy and has no problem in meeting its short term obligations.
The Quick ratio of MOWI (2.50) is better than 93.10% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 2.91 | ||
| Quick Ratio | 2.5 |
3. Growth
3.1 Past
The earnings per share for MOWI have decreased strongly by -12.03% in the last year.
MOWI shows a decrease in Earnings Per Share. Measured over the last years, the EPS has been decreasing by -1.68% yearly.
The Revenue has been growing slightly by 1.78% in the past year.
MOWI shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 6.26% yearly.
EPS 1Y (TTM)-12.03%
EPS 3Y11.44%
EPS 5Y-1.68%
EPS Q2Q%22.34%
Revenue 1Y (TTM)1.78%
Revenue growth 3Y10.07%
Revenue growth 5Y6.26%
Sales Q2Q%8.03%
3.2 Future
Based on estimates for the next years, MOWI will show a very strong growth in Earnings Per Share. The EPS will grow by 23.16% on average per year.
Based on estimates for the next years, MOWI will show a decrease in Revenue. The Revenue will decrease by -2.33% on average per year.
EPS Next Y51.5%
EPS Next 2Y31.33%
EPS Next 3Y23.16%
EPS Next 5YN/A
Revenue Next Year12.05%
Revenue Next 2Y11.39%
Revenue Next 3Y9.31%
Revenue Next 5Y-2.33%
3.3 Evolution
The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
4. Valuation
4.1 Price/Earnings Ratio
Based on the Price/Earnings ratio of 16.63, the valuation of MOWI can be described as correct.
MOWI's Price/Earnings is on the same level as the industry average.
The average S&P500 Price/Earnings ratio is at 29.35. MOWI is valued slightly cheaper when compared to this.
With a Price/Forward Earnings ratio of 10.98, the valuation of MOWI can be described as very reasonable.
Compared to the rest of the industry, the Price/Forward Earnings ratio of MOWI indicates a somewhat cheap valuation: MOWI is cheaper than 60.34% of the companies listed in the same industry.
When comparing the Price/Forward Earnings ratio of MOWI to the average of the S&P500 Index (22.10), we can say MOWI is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 16.63 | ||
| Fwd PE | 10.98 |
4.2 Price Multiples
MOWI's Enterprise Value to EBITDA is on the same level as the industry average.
The rest of the industry has a similar Price/Free Cash Flow ratio as MOWI.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 16.46 | ||
| EV/EBITDA | 8.78 |
4.3 Compensation for Growth
The low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
MOWI has a very decent profitability rating, which may justify a higher PE ratio.
MOWI's earnings are expected to grow with 23.16% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.32
PEG (5Y)N/A
EPS Next 2Y31.33%
EPS Next 3Y23.16%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 3.38%, MOWI has a reasonable but not impressive dividend return.
MOWI's Dividend Yield is a higher than the industry average which is at 3.35.
Compared to an average S&P500 Dividend Yield of 2.33, MOWI pays a bit more dividend than the S&P500 average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.38% |
5.2 History
The dividend of MOWI decreases each year by -11.66%.
Dividend Growth(5Y)-11.66%
Div Incr Years0
Div Non Decr Years0
5.3 Sustainability
62.65% of the earnings are spent on dividend by MOWI. This is not a sustainable payout ratio.
DP62.65%
EPS Next 2Y31.33%
EPS Next 3Y23.16%
OSL:MOWI (3/7/2025, 7:00:00 PM)
203
+4.9 (+2.47%)
Chartmill FA Rating
GICS SectorConsumer Staples
GICS IndustryGroupFood, Beverage & Tobacco
GICS IndustryFood Products
Earnings (Last)
Earnings (Next)
Inst Owners62.92%
Inst Owner ChangeN/A
Ins Owners0.01%
Ins Owner ChangeN/A
Market Cap104.97B
Analysts81.11
Price Target262.23 (29.18%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.38% |
Yearly Dividend6.67
Dividend Growth(5Y)-11.66%
DP62.65%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)7.01%
Min EPS beat(2)6.49%
Max EPS beat(2)7.53%
EPS beat(4)2
Avg EPS beat(4)-3.41%
Min EPS beat(4)-15.39%
Max EPS beat(4)7.53%
EPS beat(8)3
Avg EPS beat(8)-2.52%
EPS beat(12)3
Avg EPS beat(12)-3.87%
EPS beat(16)4
Avg EPS beat(16)-4.01%
Revenue beat(2)1
Avg Revenue beat(2)-3.51%
Min Revenue beat(2)-7.46%
Max Revenue beat(2)0.43%
Revenue beat(4)2
Avg Revenue beat(4)-2.66%
Min Revenue beat(4)-7.46%
Max Revenue beat(4)3.34%
Revenue beat(8)4
Avg Revenue beat(8)-2.28%
Revenue beat(12)4
Avg Revenue beat(12)-3.42%
Revenue beat(16)4
Avg Revenue beat(16)-3.92%
PT rev (1m)10.18%
PT rev (3m)11.49%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-2.17%
EPS NY rev (1m)4.22%
EPS NY rev (3m)5.72%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)0.69%
Revenue NY rev (1m)3.96%
Revenue NY rev (3m)3.64%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 16.63 | ||
| Fwd PE | 10.98 | ||
| P/S | 1.59 | ||
| P/FCF | 16.46 | ||
| P/OCF | 9.74 | ||
| P/B | 2.33 | ||
| P/tB | 4.04 | ||
| EV/EBITDA | 8.78 |
EPS(TTM)12.21
EY6.01%
EPS(NY)18.49
Fwd EY9.11%
FCF(TTM)12.33
FCFY6.08%
OCF(TTM)20.84
OCFY10.27%
SpS127.43
BVpS87.3
TBVpS50.19
PEG (NY)0.32
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 5.48% | ||
| ROE | 12.2% | ||
| ROCE | 10.84% | ||
| ROIC | 6.72% | ||
| ROICexc | 7.01% | ||
| ROICexgc | 9.2% | ||
| OM | 13.82% | ||
| PM (TTM) | 8.36% | ||
| GM | 47.01% | ||
| FCFM | 9.68% |
ROA(3y)7.09%
ROA(5y)6.21%
ROE(3y)15.63%
ROE(5y)13.34%
ROIC(3y)8.3%
ROIC(5y)6.82%
ROICexc(3y)8.62%
ROICexc(5y)7.05%
ROICexgc(3y)11.54%
ROICexgc(5y)9.4%
ROCE(3y)13.39%
ROCE(5y)10.99%
ROICexcg growth 3Y10.32%
ROICexcg growth 5Y-5.08%
ROICexc growth 3Y10.63%
ROICexc growth 5Y-4.96%
OM growth 3Y10.31%
OM growth 5Y-4.51%
PM growth 3Y-10.35%
PM growth 5Y-6.26%
GM growth 3Y1.55%
GM growth 5Y-0.76%
F-Score5
Asset Turnover0.66
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.6 | ||
| Debt/FCF | 4.93 | ||
| Debt/EBITDA | 1.78 | ||
| Cap/Depr | 72.8% | ||
| Cap/Sales | 6.68% | ||
| Interest Coverage | 5.68 | ||
| Cash Conversion | 71.15% | ||
| Profit Quality | 115.77% | ||
| Current Ratio | 2.91 | ||
| Quick Ratio | 2.5 | ||
| Altman-Z | N/A |
F-Score5
WACC7.32%
ROIC/WACC0.92
Cap/Depr(3y)80.22%
Cap/Depr(5y)76.78%
Cap/Sales(3y)6.89%
Cap/Sales(5y)6.98%
Profit Quality(3y)96.48%
Profit Quality(5y)113.83%
High Growth Momentum
Growth
EPS 1Y (TTM)-12.03%
EPS 3Y11.44%
EPS 5Y-1.68%
EPS Q2Q%22.34%
EPS Next Y51.5%
EPS Next 2Y31.33%
EPS Next 3Y23.16%
EPS Next 5YN/A
Revenue 1Y (TTM)1.78%
Revenue growth 3Y10.07%
Revenue growth 5Y6.26%
Sales Q2Q%8.03%
Revenue Next Year12.05%
Revenue Next 2Y11.39%
Revenue Next 3Y9.31%
Revenue Next 5Y-2.33%
EBIT growth 1Y-17.95%
EBIT growth 3Y21.42%
EBIT growth 5Y1.48%
EBIT Next Year81.77%
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y-8.98%
FCF growth 3Y-2.68%
FCF growth 5Y3.07%
OCF growth 1Y-7.62%
OCF growth 3Y3.24%
OCF growth 5Y3.85%