MHGVY - Mowi: 10% Volume Growth Into 2026 Expected With Latest CAPEX
2024-04-22 00:17:04 ET
Summary
- Mowi's exposure to new taxes on salmon farming in Nordic geographies is relatively limited.
- They have finished making major investments that should keep CAGR volume growth strong.
- Baseline invested capital return by Mowi is high, and we like that they are on the tail end of investments.
- No real signs of dangers in terms of pricing of the salmon commodity, as environmental conditions remain challenging and dealing with them a differentiator.
- It is not the cheapest opportunity, even if we think the quality here is quite high.
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Mowi: 10% Volume Growth Into 2026 Expected With Latest CAPEX