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.
Grieg Seafood ASA is a leading global fish farming company specializing in the production of fresh Atlantic salmon and trout. Founded in 1992 and headquartered in Bergen, Norway, it manages the entire supply chain from farming and production to distribution and sales, serving markets across Europe, North America, and Asia. The company operates farms in regions such as Rogaland and Finnmark in Norway, with a recent focus shift following the sale of its Canadian operations to Cermaq in July 2025. Grieg Seafood ASA boasts an annual production capacity of approximately 80,000 to 90,000 tonnes, emphasizing sustainable aquaculture practices, including certifications from GLOBALG.A.P., Best Aquaculture Practices, and ASC. It prioritizes fish welfare, biosecurity, digitalization, and environmental responsibility, such as reduced antibiotic use and green licensing. As a publicly listed entity, Grieg Seafood ASA plays a pivotal role in the seafood industry, contributing to economic growth in coastal communities and advancing innovation in salmon farming through initiatives like post-smolt technology and precision farming.
NOK 27.22
NOK 0.41 (-1.48%)
EOD Jul 1, 2026
Operating margin is thin at 6.19%. Limited cushion if revenue slows or costs rise, not the profile of a wide-moat business.
Revenue declined 49.9% YoY. The question is whether this is cyclical or a structural shift.
At 27x earnings, the current multiple leaves limited room for execution misses or growth deceleration. Negative free cash flow of -NOK 329M. The business is consuming cash, not generating it.
27.2x earnings. Not cheap, the quality is already reflected in the price. Upside from here requires either margin expansion or growth re-acceleration, not just continuation.
Based on TTM earnings · Diluted shares
Profitability & Returns
Revenue (TTM)
NOK 3.69B
▼ -49.9% YoY
Net Income (TTM)
NOK 1.11B
▲ +145.3% YoY
Op. Margin
6.19%
▲ +14.6pp YoY
ROIC
2.52%
▲ +6.9pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
-NOK 329M
▲ +56.7% YoY
Op. Cash Flow (TTM)
NOK 196M
▼ -56.2% YoY
Net Debt
-NOK 2.17B
Net Cash Position
Cash & Equiv.
NOK 5.01B
3Y CAGR: -19.8%
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At a P/E of 27.2, A high multiple is not the same as overvalued: fast-growing, high-quality businesses can deserve a premium. See the general approach in .
On quality, Grieg Seafood ASA scores 24/100 on Intrinsiqq's quality scorecard (a lower-quality business on these measures), weighing growth, margins, returns on capital, share count, and balance-sheet strength. It currently yields about 5.1%; see dividend safety for coverage and history. All figures are computed from SEC filings; read the full methodology. This is analysis, not investment advice.
Grieg Seafood ASA scores 24 out of 100 on Intrinsiqq's quality score, a weighted blend of 7 metrics each scored 0 to 100, which makes it a lower-quality business on these measures. Recent fundamentals include a 6.2% operating margin and a 2.5% 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.
Yes, Grieg Seafood ASA pays a regular dividend of about NOK 1.40 per share per year (typically in quarterly installments), a yield of roughly 5.1% at the current price. That is a payout ratio of about 14.1% of earnings, so the dividend is amply covered by earnings. A low headline yield is not the same as a weak dividend: what matters is how well earnings and free cash flow cover the payout and whether it is growing, not the percentage alone. For GSF.XOSL's full payout history, growth streak and dividend-safety score, see the dividends tab.
That depends on valuation and quality together, not either alone. you should weigh GSF.XOSL's valuation and scores 24/100 on quality (lower-quality). It also yields about 5.1%. 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.