Mowi ASA (PNDA) AI Stock Analysis

Mowi ASA

(Frankfurt:PNDA)

Rating:―N/A

Action:N/A

Date:―

No summary available

Positive Factors

Integrated global salmon platformMowi’s vertically integrated model gives it control across production, processing and distribution, supporting supply reliability, customer relationships and value capture beyond basic fish sales. Geographic diversification also broadens market access and reduces reliance on one farming region.

Negative Factors

Weak and uneven cash conversionCash generation is positive but converts accounting earnings inefficiently, with working-capital swings or investment needs absorbing a substantial share of profit. Choppy free cash flow can constrain debt reduction, dividends and internally funded expansion during weaker operating periods.

Mowi ASA (PNDA) vs. iShares MSCI Germany ETF (EWG)

Market Cap: EUR 12.43B
Dividend Yield: 3.37%
Average Volume (3M): 200
Price to Earnings (P/E): 17.2
Beta (1Y): 0.52
Revenue Growth: 7.53%
EPS Growth: 87.20%
Country: Germany
Employees: 11,473
Sector: Consumer Defensive
Sector Strength: 62
Industry: Agricultural Farm Products

Mowi ASA Business Overview & Revenue Model

Company Description

Mowi ASA, a prominent international seafood enterprise headquartered in Bergen, Norway, and established in 1964, specializes in the production and global distribution of farmed salmon. Its operations are structured across three distinct divisions: Fe...

Mowi ASA Earnings Call Summary

Earnings Call Date:Aug 17, 2026(Q2-2026)|% Change Since:12.56%|Next Earnings Date:Nov 03, 2026

Earnings Call SentimentPositive

The call presented a largely constructive operational and financial picture: record revenue, strong harvest volumes, cost reductions and a 23% YoY increase in operational profit were highlighted. Several region-specific successes (Norway, Scotland, Canada) and strategic moves (feed expansion, green bond issuance, portfolio divestment) reinforce the positive tone. However, notable headwinds remain — seasonally soft prices (especially in June), consumer division earnings weakness, emerging feed inflation, modest results in Chile and a small rise in net debt. On balance, the positive operational momentum, strong cost discipline and improving price signals outweigh the challenges, though management remains cautious about feed cost inflation and seasonal/environmental risks.

Positive Updates

Record Quarterly Revenue and Harvest Volumes

Turnover reached a quarterly record high of EUR 1.60 billion driven by seasonally record-high Q2 harvest volumes of ~150,000 tonnes (company-wide) and strong throughput across the value chain.

Negative Updates

Soft Prices and Regional Price Volatility

Q2 prices were characterized as rather soft for the season; Region West in Norway was hit by June low prices. Management notes continued price softness through the summer despite YoY improvements.

Company Guidance

Mowi guided to a slightly reduced 2026 farming volume of 600,000 tonnes (down from 605,000) — still +7.4% YoY — while reaffirming a 2029 organic target of at least 650,000 tonnes and keeping Mowi Norway guidance at 380,000 tonnes (short‑term milestone 400,000t). They expect Q3 realized weighted production costs to be relatively stable versus Q2 (Q2: EUR 5.20/kg) but warned of upward feed‑raw‑material pressure, increased working‑capital tie‑up to EUR 150m (from EUR 100m) and higher tax payments guided to EUR 220m; net interest‑bearing debt stood at ~EUR 2.8bn (long‑term target EUR 2.7bn) with an equity ratio of ~43%. On the market, management and Kontali see industry supply near zero for the remainder of 2026, 0–2% in 2027 and 1–2% thereafter, supporting a price recovery (prices were +6% YoY in Q2 and +21% Q3‑to‑date; Mowi’s price achievement was +5% vs reference). Other targets/guidance: feed sales target 650,000t for 2026 (~+11% YoY), working capital and cost‑savings focus (2026 cost‑saving target EUR 30m; YTD EUR 16m), and a Q2 dividend of NOK 2.30 per share.

Mowi ASA Peers Comparison

Overall Rating

UnderperformOutperform

Sector (62)

Financial Indicators

DE:PNDA against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	62Neutral	$20.33B	14.63	-3.31%	3.23%	1.93%	-12.26%
CALM	62Neutral	$2.97B	53.41	2.22%	7.57%	-42.51%	-95.45%
DMC	51Neutral	$1.29B	15.90	4.04%	4.39%	1.27%	3.98%
AQB	49Neutral	$15.82M	-0.26	-665.18%	―	―	―
TSN	48Neutral	$19.67B	34.16	3.18%	3.58%	2.86%	-26.18%
VITL	48Neutral	$372.22M	-614.89	0.05%	―	16.37%	-102.23%

* Consumer Defensive Sector Average

Performance Comparison

DE:PNDA and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
DE:PNDA	Mowi ASA	20.20	2.00	11.00%
CALM	Cal-maine Foods	63.56	-23.73	-27.19%
DMC	Del Monte Corporation	27.35	-7.38	-21.26%
TSN	Tyson Foods	57.04	7.16	14.36%
AQB	AquaBounty Technologies	1.19	-0.03	-2.46%
VITL	Vital Farms, Inc.	8.67	-23.51	-73.06%

Glossary

BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.

Mowi ASA AI Stock Analysis