MHGVY - Mowi: Positive Outlook But Valuation Appears Slightly High Relative To Peers

2024-04-17 10:41:32 ET

Summary

• The global salmon market has been growing steadily due to health trends and advancements in aquaculture technology.
• Salmon prices are currently strong and could increase more in the long term.
• Mowi looks expensive compared to other options within the industry.
• The outlook looks convincing and the DCF suggests a share price of 285 NOK per share. I rate the stock a hold because the competition looks to hold more value.

Mowi ASA ( OTCPK:MHGVY ) is recognized as the leading fish farming company in a sector known for its high barriers to entry and substantial profitability. However, one might wonder if its current stock price is justified. Comparing at majority of the competition, it looks slightly expensive....

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