Mowi ASA (MOWI) Fair Value & Analysis
Consumer Defensive · NO · Market cap 97.9B NOK (≈ $10.5B) · ISIN NO0003054108
What is Mowi ASA really worth?
A solid business, trading 23% below our fair value of kr 260.70.
Strengths
Risks
For context
Fair value as of: Sep 5, 2026
From 26 valuation models · updated today
Share price +2.5% over the past month.
What runs behind every stock
69 individual criteria per stock, every one traceable See the method →
What matters now
- The model range is unusually wide (kr 123.02 to kr 392.81). The outcome hinges heavily on assumptions, so read the point estimate with caution.
- Solid quality (53/100) at a price below fair value, the discount is the argument here, not the business quality.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 5, 2026.
How to read this chart
60‑month range kr 116.78 – kr 239.85 · fair‑value band kr 123.02 – kr 392.81 · the kr 201.80 price screens below the kr 260.70 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 5, 2026.
Analysis
Mowi ASA (MOWI) currently trades at kr 201.80, while our model-based Fair Value estimate is kr 260.70, implying the stock looks roughly 22.6% undervalued today. The Quality Score stands at 53/100 (solid quality), in the Consumer Defensive sector. How firm this estimate is: it rests on 26 models at a data quality of 92/100, which puts the evidence level at high.
Over the trailing twelve months, Mowi ASA generated revenue of 5.9B NOK at a net margin of 14.3%. Revenue grew 14.1% year over year. It earns a return on equity of 19.5%. Net debt stands at 2.7B NOK. Fundamentals as of Sep 5, 2026
Our scenario range runs from kr 123.02 (bear case) to kr 392.81 (bull case); at kr 201.80, the current price sits within that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 16% below its 52-week high and 14% above its 52-week low, currently below its 200-day average. For context, the median of 10 Consumer Defensive peers we cover trades at −19% fair-value upside, at 29%, MOWI screens cheaper than that median.
Fair Value models
This estimate rests on fiscal year 2025 figures, and about 8 months have passed since. In that time the company retained roughly kr 7.36 per share, which is 2.8 % of the fair value. The fair value deliberately does not add this in: the models value reported figures, not a projection.
Each model estimates fair value its own way; the Fair Value above is the evidence-weighted, family-balanced blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small. Every input is real reported data, nothing guessed.
All 26 models by family
Widest divergence: Growth Earnings (kr 23.52) versus Asset-Based (kr 5.55). Highest evidence: FCF DCF (76).
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Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Sep 5, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 52 · Market factors (momentum, volatility) 53
Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.
All values are scores from 0 to 100 (100 = best against fixed, research-based bands), not percentages. The three market factors (momentum, 52-week proximity, low volatility) are displayed but carry zero weight in the headline number: market sentiment is not a business property.
About the company
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.
Full company description
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.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
Mowi ASA reported revenue of €5.7B in FY2025 versus €4.2B in FY2021, a compound +8.2%/yr. Reported net income was €718M in FY2025, compounding +10.2%/yr from FY2021.
of which total revenue +8.1 % · buybacks/dilution −1.9 %
Annual growth per factor. These are factors, not summands: multiplied they give the EPS growth rate, added they do not quite. Start and end points are 3-year averages (details on hover).
Watch MOWI: get an alert when its fair value changes →
Earlier news
External third-party headlines (Yahoo Finance, Reuters and others), not an editorial selection.
- Mowi ASA (MHGVY) (Q2 2026) Earnings Call Highlights: Record Harvest and Revenue Drive 23% ...
- Mowi ASA (OSE:MOWI): Q2 2026 Trading update
- Mowi enters into a Share Purchase Agreement to divest its 9k GWT salmon farming operations in Canada East
- Mowi ASA (OSE: MOWI): Share option scheme for senior executives and allocation of options 2026
Peer Group
Farm Products · 293 stocks
How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.
Valuation Multiples vs Farm Products median · lower = cheaper
Strength profile in five axes (Snowflake)
Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.
Insider activity: 40/100
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
Similar stocks
10 more Farm Products stocks, each showing price versus our Fair Value estimate (as of Sep 5, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| Archer-Daniels-Midland Company ADM | $81.54 | $38.02 | −53% |
| Muyuan Foods Group 002714 | ¥40.15 | ¥47.42 | +18% |
| Bunge Global SA BG | $111.57 | $56.19 | −50% |
| Tyson Foods, Inc TSN | $55.40 | $28.60 | −48% |
| Wens Foodstuff Group 300498 | ¥13.80 | ¥11.18 | −19% |
| Fujian Wanchen Food Group 300972 | ¥201.06 | ¥143.09 | −29% |
| United Plantations Berhad 2089 | 32.60 MYR | 23.34 MYR | −28% |
| Charoen Pokphand Foods Public Company CPF | 23.40 THB | 43.24 THB | +85% |
| PT Charoen Pokphand Indonesia Tbk, CPIN | 2,960 IDR | 6,818 IDR | +130% |
| L.D.C. S.A LOUP | €112.20 | €184.99 | +65% |
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