Grieg Seafood ASA

Greig Seafood is a fish farming group, based in Norway, that specialized in salmon and trout. Co. is the parent company of the Greig Seafood Group. Co. is engaged in the production and sale of seafood, and naturally related activities to the sale of seafood. Co. is predominately engaged in the production of farmed salmon and trout, with a production capacity of around 95,00 tons gutted weight annually. Co. has 100 licences for salmon production and five licences for smolt production. Co. has operations in Finnmark and Rogaland in Norway, British Columbia in Canada, and Shetland (the U.K.).
  • TickerGSF
  • ISINNO0010365521
  • ExchangeOslo Bors
  • SectorFood Producers
  • CountryNorway

Analysts

Alexander Aukner

Seafood - Fat Trout Weekly

Seafood - Fat Trout Weekly

Alexander Aukner

Seafood - Fat Trout Weekly

Seafood - Fat Trout Weekly

Alexander Aukner ...
  • Eivind Sars Veddeng
  • Håkon Astrup
  • Jon Masdal
  • Karl-Johan Bonnevier
  • Martin Hoang Nguyen
  • Martin Huseby Karlsen
  • Nicolay Dyvik
  • Niklas Wetterling
  • Ole Martin Westgaard
  • Ole-Andreas Krohn
  • Olof Larshammar
  • Patrik Ling
  • Simen Mortensen
  • Viktor Trollsten

Northern Lights

Martin Kaland

Grieg Seafood - Volume growth worth waiting for

Q4’19: Negative est. revisions for ’20/’21e due to costs Building the bridge from 100kt harvest to 150kt by ’25e Attractive growth case at ’20e P/E of 12x vs. sector at 15x

Alexander Aukner

Seafood - Fat Trout Weekly

Seafood - Fat Trout Weekly

Alexander Aukner

Seafood - Fat Trout Weekly

Seafood - Fat Trout Weekly

Martin Kaland

Grieg Seafood - Volume growth worth waiting for

Q4’19: Negative est. revisions for ’20/’21e due to costs Building the bridge from 100kt harvest to 150kt by ’25e Attractive growth case at ’20e P/E of 12x vs. sector at 15x

Alexander Aukner

Grieg Seafood (Buy, TP: NOK162.00) - Norway above, outside below

Q4 operational EBIT of NOK357m was c8% below our estimate, but 2% above consensus. While Norway’s results were impressive, Shetland continued to lag behind our expectations for costs. The company guides for rather high costs for Q1 and for 2020, only 3–4% global supply growth but with favourable demand. To reflect the slower recovery outside Norway, we have reduced our 2020e EPS by 2.6% and our target price to NOK162 (168). We reiterate our BUY recommendation.

Martin Kaland

Grieg Seafood - Q4: EBIT in line with cons, DPS NOK 2.0

Q4: EBIT in line with cons, +2% vs. ABGSCe Grieg NL capex higher than we first assumed ‘20e EBIT coming down ~5% mainly on higher costs

Alexander Aukner ...
  • Eivind Sars Veddeng
  • Håkon Astrup
  • Jon Masdal
  • Karl-Johan Bonnevier
  • Martin Hoang Nguyen
  • Martin Huseby Karlsen
  • Nicolay Dyvik
  • Niklas Wetterling
  • Ole Martin Westgaard
  • Ole-Andreas Krohn
  • Olof Larshammar
  • Patrik Ling
  • Simen Mortensen
  • Viktor Trollsten

Northern Lights

Alexander Aukner ...
  • Eivind Sars Veddeng
  • Frank Maaø
  • Håkon Astrup
  • Joachim Gunell
  • Jon Masdal
  • Karl-Johan Bonnevier
  • Martin Arnell
  • Martin Hoang Nguyen
  • Mats Bye
  • Niklas Wetterling
  • Ole Martin Westgaard
  • Ole-Andreas Krohn
  • Patrik Ling
  • Simen Mortensen

Northern Lights

Alexander Aukner ...
  • Karl-Johan Bonnevier
  • Martin Arnell
  • Ole Martin Westgaard
  • Ole-Andreas Krohn
  • Olof Larshammar
  • Patrik Ling

Northern Lights

Alexander Aukner ...
  • Eivind Sars Veddeng
  • Håkon Astrup
  • Karl-Johan Bonnevier
  • Marius Knudssøn
  • Martin Arnell
  • Martin Huseby Karlsen
  • Nicolay Dyvik
  • Niklas Wetterling
  • Ole Martin Westgaard
  • Ole-Andreas Krohn
  • Patrik Ling
  • Rune Majlund Dahl
  • Simen Mortensen

Northern Lights

Alexander Aukner ...
  • Niclas Gehin
  • Ole-Andreas Krohn
  • Rune Majlund Dahl

Northern Lights

GRIEG SEAFOOD ASA increases its risk exposure and slightly lowers to Neutral

GRIEG SEAFOOD ASA (NO), a company active in the Farming & Fishing industry, now shows a lower overall rating. The independent financial analyst theScreener confirms the fundamental rating of 2 out of 4 stars. However, the market behaviour deterioration triggered a risk requalification, which can be thus described as moderately risky. theScreener believes that increased risk justifies the general evaluation downgrade to Neutral. As of the analysis date October 1, 2019, the closing price was NOK 109.70 and its expected value was estimated at NOK 115.64.

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MarketLine Department

Austevoll Seafood Asa - Strategy, SWOT and Corporate Finance Report

Summary Austevoll Seafood Asa - Strategy, SWOT and Corporate Finance Report, is a source of comprehensive company data and information. The report covers the company's structure, operation, SWOT analysis, product and service offerings and corporate actions, providing a 360˚ view of the company. Scope - Detailed information on Austevoll Seafood Asa required for business and competitor intelligence needs - A study of the major internal and external factors affecting Austevoll Seafood Asa in the form of a SWOT analysis - An in-depth view of the business model of Austevoll Seafood Asa includi...

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