Data sourced from SEC EDGAR filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.
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Data sourced from SEC EDGAR filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.
Atlantic Sapphire ASA is a land-based aquaculture company specializing in the production of Atlantic salmon through its innovative Bluehouse technology. It owns and operates the world's largest onshore salmon farm, known as the Miami Bluehouse facility, located in Homestead, Florida, United States, where salmon are born, raised, and harvested in a bio-secure, recirculating aquaculture system that prioritizes animal health, welfare, and sustainability. The company also maintains operations in Hvide Sande, Denmark, producing Sapphire Salmon for European markets. Atlantic Sapphire ASA derives revenue primarily from U.S. operations, selling fresh, locally produced salmon across North America under the Bluehouse Salmon brand, emphasizing ocean-safe seafood free from microplastics and with minimal environmental impact through 99% recycled water usage and waste repurposing. Founded in 2010 and headquartered in Vikebukt, Norway, it leads the shift toward onshore farming, reducing transportation needs and supporting sustainable protein production in the global seafood industry.
€0.08
+€0.00 (+0.91%)
EOD Jul 2, 2026
The business is unprofitable at the operating level (-150.15% margin). The thesis depends entirely on whether and when it reaches sustainable profitability.
Revenue up 89.7% YoY with margins expanding 243.5pp.
ROIC dropped from -23.87% to -26.21%, capital efficiency is deteriorating. Negative free cash flow of -$65M. The business is consuming cash, not generating it.
Based on TTM earnings · Diluted shares
Profitability & Returns
Revenue (TTM)
$43M
▲ +89.7% YoY
Net Income (TTM)
-$191M
▼ -14.3% YoY
Op. Margin
-150.15%
▲ +243.5pp YoY
ROIC
-26.21%
▼ -2.3pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
-$65M
▲ +32.6% YoY
Op. Cash Flow (TTM)
-$61M
▲ +30.1% YoY
Net Debt
$110M
Cash & Equiv.
$3M
3Y CAGR: +31.7%
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Atlantic Sapphire ASA (ASA.XOSL)'s valuation is best read against its own history, its peers, and the growth its price implies. A high multiple is not the same as overvalued: fast-growing, high-quality businesses can deserve a premium. See the general approach in how to tell if a stock is overvalued.
On quality, Atlantic Sapphire ASA scores 30/100 on Intrinsiqq's quality scorecard (a lower-quality business on these measures), weighing growth, margins, returns on capital, share count, and balance-sheet strength. All figures are computed from SEC filings; read the full . This is analysis, not investment advice.
Atlantic Sapphire ASA scores 30 out of 100 on Intrinsiqq's quality score, a weighted blend of 6 metrics each scored 0 to 100, which makes it a lower-quality business on these measures. Recent fundamentals include a -150.2% operating margin and a -26.2% return on invested capital. The score weighs revenue and free-cash-flow growth, operating margins, return on invested capital, share-count change, and balance-sheet strength, all computed from SEC filings, not opinion. Because valuation only means something relative to quality, the full metric-by-metric breakdown is on the quality scorecard.
That depends on valuation and quality together, not either alone. you should weigh ASA.XOSL's valuation and scores 30/100 on quality (lower-quality). A cheap price is only a bargain if the business is durable, and a premium can be justified by genuine quality, so the two questions, "is it cheap?" and "is it good?", only make sense side by side. Read the valuation against the quality scorecard, run the DCF on your own assumptions, and decide for yourself. This is analysis from SEC filings, not investment advice.