LSG Stock Analysis: Lerøy Seafood ASA | OL
Packaged Foods | OL, Norway | Market Cap: 26.487m NOK | 12M Return: -1.1% | NO0003096208 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 24.5M
Qual. Beats: 0
Rev. Trend: 96.1%
Qual. Beats: 0
Warnings
Tailwinds
No distinct edge detected
Seasonality 10.5 years of data
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.
Lerøy Seafood Group ASA is a vertically integrated Norwegian seafood company headquartered in Bergen, operating across three segments: Wildcatch, Farming, and Value-Added Processing, Sales, and Distribution. Its product portfolio spans farmed Atlantic salmon and trout, wild-caught whitefish, and value-added offerings such as fillets, smoked products, ready-to-eat meals, breaded fish, burgers, patties, shrimp, crab, mussels, and seaweed. The company sells under multiple brands - including Lerøy, Aurora Salmon, Fjord Trout, Arctic Supreme, Norway Seafoods, Fossen, Sea Eagle, and Mr - to supermarkets, restaurants, food service operators, wholesalers, retailers, and industrial customers across the EU, Norway, Asia, the rest of Europe, the United States, Canada, and other international markets. Founded in 1899, Lerøy operates as a subsidiary of Austevoll Seafood ASA and is listed on the Oslo Stock Exchange under the ticker LSG.
The companys fully integrated model - combining fish farming, wildcatch, and downstream processing/distribution - is characteristic of Norways largest seafood producers and supports diversified revenue streams across fresh, frozen, and convenience seafood categories. Norway is one of the worlds leading producers of farmed Atlantic salmon, making aquaculture the central economic pillar for companies in this GICS Packaged Foods & Meats sub-industry.
- Atlantic salmon spot prices drive Farming segment margins
- NOK depreciation lifts export earnings from EU and Asia markets
- Salmon feed cost inflation pressures aquaculture operating margins
| Net Income: 1.04b TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.06 > 0.02 and ΔFCF/TA 2.66 > 1.0 |
| NWC/Revenue: 23.67% < 20% (prev 31.47%; Δ -7.80% < -1%) |
| CFO/TA 0.27 > 3% & CFO 10.9b > Net Income 1.04b |
| Net Debt (373.3m) to EBITDA (4.27b): 0.09 < 3 |
| Current Ratio: 1.87 > 1.5 & < 3 |
| Outstanding Shares: last quarter (595.5m) vs 12m ago 0.0% < -2% |
| Gross Margin: 41.92% > 18% (prev 46.56%; Δ -4.64% > 0.5%) |
| Asset Turnover: 86.12% > 50% (prev 80.21%; Δ 5.90% > 0%) |
| Interest Coverage Ratio: 3.70 > 6 (EBIT TTM 2.33b / Interest Expense TTM 629.0m) |
| A: 0.20 (Total Current Assets 17.5b - Total Current Liabilities 9.34b) / Total Assets 40.3b |
| B: 0.35 (Retained Earnings 14.2b / Total Assets 40.3b) |
| C: 0.06 (EBIT TTM 2.33b / Avg Total Assets 40.1b) |
| D: 0.94 (Book Value of Equity 19.0b / Total Liabilities 20.1b) |
| Altman-Z'' = 3.86 = AA |
| DSRI: 1.00 (Receivables 3.00b/2.77b, Revenue 34.5b/32.0b) |
| GMI: 1.11 (GM 46.56% / 41.92%) |
| AQI: 0.96 (AQ_t 0.25 / AQ_t-1 0.26) |
| SGI: 1.08 (Revenue 34.5b / 32.0b) |
| TATA: -0.24 (NI 1.04b - CFO 10.9b) / TA 40.3b) |
| Beneish M = -2.91 (Cap -4..+1) = A |
As of August 28, 2026, the stock is trading at NOK 45.50 with a total of 573,577 shares traded. Over the past week, the price has changed by +9.48%, over one month by +8.80%, over three months by +3.83% and over the past year by -1.08%.
Current recommended Stop Loss: 44.00 (which is 3.3% or 1.4 ATR below the current price).
Lerøy Seafood ASA has no consensus analysts rating.
P/E Trailing = 37.3782
P/E Forward = 13.6426
P/S = 0.7892
P/B = 1.5023
P/EG = 1.7524
Revenue TTM = 34.5b NOK
EBIT TTM = 2.33b NOK
EBITDA TTM = 4.27b NOK
Long Term Debt = 4.72b NOK (from longTermDebt, last quarter)
Short Term Debt = 4.66b NOK (from shortLongTermDebt, last quarter)
Debt = 3.20b NOK (Leases only: 3.20b)
Net Debt = 373.3m NOK (calculated: Debt 3.20b - CCE 2.82b)
Enterprise Value = 26.9b NOK (26.5b + Debt 3.20b - CCE 2.82b)
Interest Coverage Ratio = 3.70 (Ebit TTM 2.33b / Interest Expense TTM 629.0m)
EV/FCF = 11.81x (Enterprise Value 26.9b / FCF TTM 2.27b)
FCF Yield = 8.47% (FCF TTM 2.27b / Enterprise Value 26.9b)
FCF Margin = 6.59% (FCF TTM 2.27b / Revenue TTM 34.5b)
Net Margin = 3.01% (Net Income TTM 1.04b / Revenue TTM 34.5b)
Gross Margin = 41.92% ((Revenue TTM 34.5b - Cost of Revenue TTM 20.0b) / Revenue TTM)
Gross Margin QoQ = 46.71% (prev 45.60%)
Tobins Q-Ratio = 0.67 (Enterprise Value 26.9b / Total Assets 40.3b)
Interest Expense / Debt = 19.68% (Interest Expense 629.0m / Debt 3.20b)
Taxrate = 29.20% (448.7m / 1.54b)
NOPAT = 1.65b (EBIT 2.33b * (1 - 29.20%))
Current Ratio = 1.87 (Total Current Assets 17.5b / Total Current Liabilities 9.34b)
Debt / Equity = 0.17 (Debt 3.20b / totalStockholderEquity, last quarter 19.0b)
Debt / EBITDA = 0.09 (Net Debt 373.3m / EBITDA 4.27b)
Debt / FCF = 0.16 (Net Debt 373.3m / FCF TTM 2.27b)
Total Stockholder Equity = 18.7b (last 4 quarters mean from totalStockholderEquity)
RoA = 2.59% (Net Income 1.04b / Total Assets 40.3b)
RoE = 5.56% (Net Income TTM 1.04b / Total Stockholder Equity 18.7b)
RoCE = 9.95% (EBIT 2.33b / Capital Employed (Equity 18.7b + L.T.Debt 4.72b))
RoIC = 5.28% (NOPAT 1.65b / Invested Capital 31.2b)
WACC = 7.91% (E(26.5b)/V(29.7b) * Re(7.18%) + D(3.20b)/V(29.7b) * Rd(19.68%) * (1-Tc(0.29)))
Discount Rate = 7.18% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 52.05 | Cagr: 113.9%
[DCF] Terminal Value 77.97% ; FCFF base≈1.84b ; Y1≈2.11b ; Y5≈3.11b
[DCF] Fair Price = 77.85 (EV 46.7b - Net Debt 373.3m = Equity 46.4b / Shares 595.5m; r=8.35% [WACC [floored]]; 5y FCF grow 15.0% → 2.50% )
EPS Correlation: N/A | EPS CAGR: N/A | SUE: 0.67 | # QB: 0
Revenue Correlation: 96.07 | Revenue CAGR: 6.11% | SUE: -0.06 | # QB: 0
EPS current Quarter (2026-09-30): EPS=0.36 | Chg30d=-30.85% | Revisions=+0% | Analysts=5
EPS current Year (2026-12-31): EPS=3.18 | Chg30d=-6.79% | Revisions=+0% | GrowthEPS=+49.9% | GrowthRev=-2.4%
EPS next Year (2027-12-31): EPS=3.95 | Chg30d=-11.72% | Revisions=-40% | GrowthEPS=+24.3% | GrowthRev=+10.3%
[Analyst] Revisions Ratio: -22% (up=2, down=4)