EN DE
Watch Nordic Aqua Partners As for free: we tell you when fair value or trend changes.
Data-driven stock valuation

Nordic Aqua Partners As (NOAP) fair value: what the stock is really worth

As of Nov 6, 2026: fair value (intrinsic value) of Nordic Aqua Partners As stock NOK 28.71, price NOK 92.80, that is 69.1% below the price, quality 40 out of 100. Rating: strongly overvalued. Calculated from audited financials with one of our 26 valuation models and 37 quality factors, updated daily.

  1. Keep an eye on it?Free in your watchlist: 5 stocks without an account, 10 with one Yes, for free

Consumer Defensive NO · Home Denmark · ISIN NO0012928805

NA Nordic Aqua Partners As logo Thin data Nov 8, 2026

Nordic Aqua Partners As

NOAP · OL
Very expensive, weak quality

Our calculation puts a fair price 69% below what the stock costs today.

Low debt
Revenue last quarter +85% vs. a year ago.
Quality 40/100
Mixed Growth (revenue 3y +204.6 %/yr in EUR)
Fair value kr 28.71 · Strongly overvalued
Loss-making · -15.0% net margin (TTM)
Negative free cash flow
Trails peers (1/10)
Narrow moat 10/100 · thin data
Thin data
⟳ Cyclical⚠ Small free float
Watch Nordic Aqua Partners As for free: we tell you when fair value or trend changes. Watch for free

What runs behind every stock

26 valuation models 8 families, DCF to NCAV 37 quality factors margins, balance sheet, cashflow, debt 6 AI factors moat, what no ratio measures 2,000+ data points verified, per stock, median

69 individual criteria per stock, every one traceable See the method →

Price vs Fair Value

kr 174.00 kr 56.90 Fair Value kr 28.71 Aug 2021 Nov 2026

White line = price, green steps = our fair value per fiscal year. As of Nov 8, 2026.

How to read this chart

60‑month range kr 56.90 – kr 174.00 · fair‑value band kr 21.43 – kr 42.85 · the kr 92.80 price screens above the kr 28.71 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 8, 2026.

Follow Nordic Aqua Partners As in your weekly email

Every Wednesday you see whether Nordic Aqua Partners As is on track or worth a review, plus price against fair value. Free, up to 3 stocks.

We send you a confirmation link. Unsubscribe with one click.

Which stocks are undervalued right now? Check free Discover now →

Company profile

Nordic Aqua Partners A/S, together with its subsidiaries, develops and operates land-based Atlantic salmon farming in the People's Republic of China. The company's main activity is investments in breeding systems for fish and shellfish as well as installing and operating these systems.

Show moreShow less

The company was incorporated in 2016 and is based in Oslo, Norway.

Stock analysis

Nordic Aqua Partners As (NOAP) currently trades at kr 92.80, while our model-based Fair Value estimate is kr 28.71, 69% below the price, so the stock looks overvalued today.

Show more

Valuation

How firm this estimate is: it rests on 1 models at a data quality of 80/100, which puts the data coverage at low.

Scenario range: kr 21.43 (bear) to kr 42.85 (bull), the price of kr 92.80 sits above it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.

Quality & growth

The Quality Score stands at 40/100 (below-average quality), in the Consumer Defensive sector.

Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.

Nordic Aqua Partners As reported revenue of €12.9M in FY2025 versus €620K in FY2021, a compound +113.5%/yr. Reported net income was −€16.5M in FY2025.

Key figures

Market cap 2.0B NOK (≈ $209M) Micro · P/S ratio 90.3 · EPS (TTM) kr −1.70 · Net margin −128% · Return on equity −3.7% · Return on assets (EBIT) −7.0% (5-year average) · Operating margin −51.2% · Revenue (TTM) €20.9M.

Competitive moat

Our AI-assisted moat analysis scores the competitive advantage at 10 out of 100 (low confidence).

What moves the price

The share trades at its 52-week high and 24% above its 52-week low, currently above its 200-day average.

For context, the median of 10 Consumer Defensive peers we cover trades at 10% fair-value upside, at −69%, NOAP screens richer than that median.

Fair Value models

Bear kr 21.43 Fair Value kr 28.71 Bull kr 42.85
Price kr 92.80 · Downside -69.1%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models. Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds. Coverage ⓘCoverage = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Best data coverage
NCAV (Graham) kr 21.43 kr 28.71 kr 42.85 54
All 1 models by family
Asset-Based
NCAV (Graham) kr 21.43 kr 28.71 kr 42.85 54

Open the full fair value analysis →

Quality Score breakdown

Overall quality 40/100

It rates the business: profits, how they develop, real cash, balance sheet, investing and share count.

Profitability 3
How much profit the company makes from its sales and capital
Quality Growth 87
Are margins and returns getting better?
Cashflow 5
Do the profits arrive as real cash?
Financial strength 68
Debt, balance sheet and risk of trouble
Investment 67
Does it invest with discipline instead of growing at any price?
Low Volatility 87
How calm the share price moves, does not count
Price momentum 50
Price momentum of the last 3 to 12 months, does not count
Near the 52-week high 71
Distance to the 52-week high, does not count
New shares 40
Buys back shares or issues new ones?

Open the full quality analysis →

Revenue & earnings trend

Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card. 23/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
+98.3%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+204.6%
Profit margin (trend) ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.
−2,863.2% (2021) → −85.5% (2025)
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: fiscal 2025 is a loss year, no rate is defined from a loss
not computed

NOAP screens overvalued: fair value 69% below the price. Compare with Muyuan Foods Group →

Compare Nordic Aqua Partners As with another stock

Price, fair value, quality and upside side by side.

Free, no sign-up

Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Farm Products · 291 stocks

Beats the industry median on 1/9 measures
Overall it trails its industry peers.
Valuation
Quality Score 40 · Below median
Fair Value upside −69.1% · Bottom 25%
Profitability
Return on assets −9.2% · Bottom 25%
Net margin (12 months) −15.0% · Bottom 25%
Operating margin (12 months) −51.2% · Bottom 25%
Growth and dividend
Revenue growth (quarter YoY) 85.3% · Top 25%
Balance sheet
Debt / equity 0.21× · Above median

Valuation Multiplesvs Farm Products median · lower = cheaper

P/B 2.17× · Pricier than median
P/S (12 months) 8.93× · Priciest 25%

Strength profile in five axes (Snowflake)

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE (fair-value potential)0 · sector 27
FUTURE (revenue growth)100 · sector 15
PAST (return on equity)0 · sector 17
HEALTH (low debt)89 · sector 94
DIVIDEND (yield)0 · sector 41

VALUE 0: the price sits above our fair-value range.

Context: sector, industry, market

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

Similar stocks

10 more Farm Products stocks, each showing price versus our Fair Value estimate.

Stock Price Fair Value vs Fair Value Compare
Charoen Pokphand Foods Public Company CPF 20.10 THB 40.78 THB +103% vs NOAP
Mowi ASA MOWI kr 218.00 kr 273.41 +25% vs NOAP
Tyson Foods, Inc TSN $59.68 $73.24 +23% vs NOAP
Muyuan Foods Group 002714 ¥44.40 ¥53.02 +19% vs NOAP
United Plantations Berhad 2089 30.38 MYR 33.42 MYR +10% vs NOAP
Archer-Daniels-Midland Company ADM $69.97 $61.55 −12% vs NOAP
Wens Foodstuff Group 300498 ¥16.82 ¥12.08 −28% vs NOAP
Fujian Wanchen Food Group 300972 ¥129.60 ¥88.62 −32% vs NOAP
Bunge Global SA BG $99.10 $56.81 −43% vs NOAP
SalMar ASA SALM kr 572.50 kr 260.28 −55% vs NOAP

Explore undervalued stocks

More undervalued Consumer Defensive stocks →

All undervalued stocks TechnologyFinancial ServicesHealthcareConsumer CyclicalConsumer DefensiveCommunication ServicesIndustrialsEnergyBasic MaterialsReal EstateUtilities Deeply Undervalued StocksUndervalued High-Quality StocksUndervalued Blue-Chip StocksUndervalued Small-Cap StocksUndervalued Dividend StocksUndervalued 52-Week Low Stocks

Try a ready-made strategy

Pick a strategy and jump into the live analysis with that exact screen applied.

🥇 Backtested Best 🏆 Big Names 💎 Quality on Sale 🚀 Profitable Growth 🧊 Quality Compounders 💵 Dividend Stars 📈 Strong Momentum 📉 Fallen Angels ⚖️ Deeply Undervalued 🔍 Small-Cap Gems 🏰 Moat at a Fair Price 💼 Insider Buying 🎩 Buffett-Style Quality 📚 Peter Lynch GARP 🧮 Greenblatt Magic Formula 🛡️ Graham Defensive

Discover tools

Stock screenerFilter by region, size and sector Compare toolTwo stocks side by side Extrinsic Value Calculator…Free calculator Peter Lynch Fair Value Formula &…Free calculator
Run the numbers yourself: free valuation calculators
DCF CalculatorP/E Ratio CalculatorPEG Ratio CalculatorGraham NumberPeter Lynch FormulaDDM CalculatorIntrinsic ValueIntrinsic vs Extrinsic ValueP/E Ratio by Sector
For bloggers & editors: embed code + live data

For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.

Nordic Aqua Partners As: fair value per Fair Value Calculator

Cite: Fair Value Calculator (2026). "Nordic Aqua Partners As Fair Value". https://www.fairvalue-calculator.com/stock/NOAP

Frequently asked questions

Is Nordic Aqua Partners As (NOAP) overvalued or undervalued?
As of Nov 8, 2026, our model estimates a fair value of kr 28.71 versus a price of kr 92.80, about 69% lower (overvalued).
What is the fair value of NOAP?
Our model-based fair value for Nordic Aqua Partners As is kr 28.71 (as of Nov 8, 2026), built from audited fundamentals. The current price: kr 92.80.
What is the quality score of NOAP?
Nordic Aqua Partners As has a Quality Score of 40/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for Nordic Aqua Partners As (NOAP)?
Our model-based price target is the fair value of kr 28.71 (as of Nov 8, 2026) from 1 valuation models. Cautious scenario kr 21.43, optimistic scenario kr 42.85. It is a calculation from audited fundamentals, not an analyst target.
What is the Nordic Aqua Partners As stock forecast for 2026?
Our models put fair value at kr 28.71, about 69% lower versus a price of kr 92.80 (overvalued). Cautious scenario kr 21.43, optimistic scenario kr 42.85. The calculation is refreshed regularly with new filings.
What is the revenue of Nordic Aqua Partners As (NOAP)?
Nordic Aqua Partners As reported trailing-twelve-month revenue of about €20.9M (latest available figure, as of Nov 8, 2026).
What is the intrinsic value of Nordic Aqua Partners As (NOAP)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Nordic Aqua Partners As it is kr 28.71 per share (as of Nov 8, 2026), against a price of kr 92.80. It is the blended result of 1 valuation models in 1 family (Asset-Based).
Is Nordic Aqua Partners As stock overvalued or undervalued in 2026?
As of Nov 8, 2026, NOAP trades above its calculated fair value: price kr 92.80, fair value kr 28.71, a gap of about −69% (overvalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of NOAP?
No. The price is what the market pays today (kr 92.80); the fair value is what the company's own numbers justify (kr 28.71). For Nordic Aqua Partners As the two are kr 64.09 per share apart. That gap is exactly why we show both numbers side by side.
How much is Nordic Aqua Partners As worth?
The market values Nordic Aqua Partners As at about 2.0B NOK (market capitalisation, as of Nov 8, 2026). Per share that is kr 92.80; our models calculate a fair value of kr 28.71 per share.
What do the bullish and bearish scenarios say about NOAP?
Our models span a range for Nordic Aqua Partners As: cautious scenario kr 21.43, base kr 28.71, optimistic kr 42.85 per share (as of Nov 8, 2026, price kr 92.80). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of Nordic Aqua Partners As (NOAP)?
Balance-sheet figures for Nordic Aqua Partners As (as of Nov 8, 2026): return on equity −3.7%, debt of 0.21 per unit of equity. They feed the Quality Score of 40/100, which measures business quality independently of the share price.
How far is NOAP from its 52-week high?
Nordic Aqua Partners As trades at kr 92.80, at its 52-week high of kr 93.00 and 24% above the low of kr 75.00 (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of kr 28.71 is for.
Which stocks are comparable to Nordic Aqua Partners As?
From the same area (Consumer Defensive) we also value Muyuan Foods Group, Archer-Daniels-Midland Company, Tyson Foods, Inc, Bunge Global SA, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Nordic Aqua Partners As stock attractive at the current price?
The data as of Nov 8, 2026: price kr 92.80, calculated fair value kr 28.71 (−69%), Quality Score 40/100, from 1 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of NOAP calculated?
We run Nordic Aqua Partners As through 1 models from 1 family: Asset-Based. Every model gets the same audited fundamentals; the fair value of kr 28.71 builds on their evidence-weighted average, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 13.3% above its aggregate fair value. Nordic Aqua Partners As itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Nordic Aqua Partners As (NOAP)?
The closing price on Nov 6, 2026 was kr 92.80. Our model-based fair value is kr 28.71, about 69% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Nordic Aqua Partners As right now?
The price sits above even our optimistic bull case (kr 42.85). The favourable scenario is already priced in. Weak quality (40/100) and above fair value at the same time, the margin of safety is missing on both counts. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution. A fairly wide model range (kr 21.43 to kr 42.85) leaves room in how you read the outcome.

Key figures of Nordic Aqua Partners As

How large is the market capitalisation of Nordic Aqua Partners As (NOAP)?
The market capitalisation of Nordic Aqua Partners As is 2.0B NOK (≈ $209M). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Nordic Aqua Partners As (NOAP)?
The price-to-sales ratio of Nordic Aqua Partners As is 90.3 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Nordic Aqua Partners As (NOAP)?
Earnings per share at Nordic Aqua Partners As are kr −1.70. Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Nordic Aqua Partners As (NOAP)?
The net margin of Nordic Aqua Partners As is −128% (fiscal year 2025). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Nordic Aqua Partners As (NOAP)?
The return on equity (ROE) of Nordic Aqua Partners As is −3.7% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Nordic Aqua Partners As (NOAP)?
On an EBIT basis the return on assets of Nordic Aqua Partners As is −7.0% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Nordic Aqua Partners As (NOAP)?
The operating margin of Nordic Aqua Partners As is −51.2% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Nordic Aqua Partners As (NOAP)?
Revenue at Nordic Aqua Partners As is growing +85.3% versus a year earlier (3y avg +205%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How much free cash flow does Nordic Aqua Partners As (NOAP) generate?
The free cash flow of Nordic Aqua Partners As is −€43.4M (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does Nordic Aqua Partners As (NOAP) carry?
The net debt of Nordic Aqua Partners As is €18.1M (fiscal year 2025). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
Free · no account needed

Watch Nordic Aqua Partners As in the live analysis

One click puts Nordic Aqua Partners As on your watchlist: fair value and trend at a glance, plus comparison, the diversification check and the 27,000+ stock screener.

Watch for free →

Zero risk: nothing is ever charged. Your watchlist is yours, with or without an account.