Austevoll Seafood ASA

Austevoll Seafood is a pelagic fishery and seafood company with operations in Norway, Chile, Peru, Ireland and the U.K. Co.'s operations include fishing vessels, fishmeal plants, canning plants, freezing plants, and salmon farming. Co. has four segments: salmon and trout, which consist of the production to sales and distribution of Atlantic salmon and trout; fishmeal and oil, which consist of the production and sales of the products; pelagic North Atlantic, which consist of the production, sales and distribution of fishmeal, fish oil and frozen pelagic fish products; and human consumption, which consist of the production, sales and distribution of fresh, frozen and canned fish products.
  • TickerAUSS
  • ISINNO0010073489
  • ExchangeOslo Bors
  • SectorFood Producers
  • CountryNorway

Analysts

Martin Kaland

Austevoll Seafood - Q4’19: Negative EBIT ex. LSG, DPS +31% vs cons

Q4’19 EBIT 16% below consensus Negative contribution from companies ex. LSG Expecting negative revisions for ’20e EBIT

Alexander Aukner

Seafood - Fat Trout Weekly

Seafood - Fat Trout Weekly

Alexander Aukner ...
  • Niklas Wetterling
  • Ole-Andreas Krohn
  • Simen Mortensen

Northern Lights

Alexander Aukner

Austevoll Seafood (Buy, TP: NOK108.00) - Problem in Peru

The second fishing season in Peru was cut short after crews reported 90% of catches were juvenile fish (only 35% of the quota was caught). According to a report in Undercurrent News, the Peruvian government is investigating whether quota data was manipulated. The reduced quota means we have cut our estimates of earnings from Austral, and in turn cut our Austevoll Seafood 2020e EPS by 4.7%. We forecast Q4 operating EBIT of NOK819m, in line with consensus (results due at 06:00 CET on 25 February). However, we reiterate our BUY and NOK108 target price.

Alexander Aukner

Seafood - Fat Trout Weekly

Seafood - Fat Trout Weekly

Martin Kaland

Austevoll Seafood - Q4’19: Negative EBIT ex. LSG, DPS +31% vs cons

Q4’19 EBIT 16% below consensus Negative contribution from companies ex. LSG Expecting negative revisions for ’20e EBIT

Alexander Aukner

Seafood - Fat Trout Weekly

Seafood - Fat Trout Weekly

Alexander Aukner

Austevoll Seafood (Buy, TP: NOK108.00) - Problem in Peru

The second fishing season in Peru was cut short after crews reported 90% of catches were juvenile fish (only 35% of the quota was caught). According to a report in Undercurrent News, the Peruvian government is investigating whether quota data was manipulated. The reduced quota means we have cut our estimates of earnings from Austral, and in turn cut our Austevoll Seafood 2020e EPS by 4.7%. We forecast Q4 operating EBIT of NOK819m, in line with consensus (results due at 06:00 CET on 25 February). However, we reiterate our BUY and NOK108 target price.

Alexander Aukner

Seafood - Fat Trout Weekly

Seafood - Fat Trout Weekly

Alexander Aukner

The Fat Trout Weekly

The Fat Trout Weekly

Alexander Aukner ...
  • Niklas Wetterling
  • Ole-Andreas Krohn
  • Simen Mortensen

Northern Lights

Alexander Aukner ...
  • Eivind Sars Veddeng
  • Joachim Gunell
  • Nicolay Dyvik
  • Ole-Andreas Krohn
  • Patrik Ling

Northern Lights

Alexander Aukner ...
  • Frank Maaø
  • Jesper Ingildsen
  • Nicolay Dyvik
  • Ole-Andreas Krohn
  • Patrik Ling
  • Simen Mortensen

Northern Lights

Alexander Aukner ...
  • Jon Masdal
  • Marius Knudssøn
  • Martin Huseby Karlsen
  • Ole-Andreas Krohn
  • Patrik Ling

Northern Lights

Alexander Aukner ...
  • Christer Magnergård
  • Eivind Sars Veddeng
  • Martin Arnell
  • Mattias Holmberg
  • Ole-Andreas Krohn
  • Olof Larshammar

Northern Lights

Increased risk weighs on AUSTEVOLL SEAFOOD ASA, penalising its rating down to Neutral

The independent financial analyst theScreener just lowered the general evaluation of AUSTEVOLL SEAFOOD ASA (NO), active in the Farming & Fishing industry. As regards its fundamental valuation, the title still shows 1 out of 4 possible stars. Its market behaviour, however, has slightly deteriorated and will be qualified as moderately risky moving forward. theScreener considers that these new qualifications justify an overall rating downgrade to Neutral. As of the analysis date June 14, 2019, the closing price was NOK 85.65 and its target price was estimated at NOK 79.83.

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