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Andfjord Salmon Group (ANDF) Fair Value & Analysis

Consumer Defensive · NO · Market cap 3.2B NOK

AS Andfjord Salmon Group ANDF · OL
Pricekr 28.70
Fair Valuekr 11.64
Upside-59.5%
Quality28/100
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Evidence: Low Range kr 8.69 – kr 17.37

Fair value as of: Jul 14, 2026

From 1 valuation models · updated today

Share price +7.5% over the past month.

Price vs Fair Value (12 months)

kr 35.30 kr 24.00 Fair Value kr 11.64 Jul 2025 Jul 2026

12‑month range kr 24.00 – kr 35.30 · fair‑value band kr 8.69 – kr 17.37 · the kr 28.70 price screens above the kr 11.64 fair value. As of Jul 14, 2026.

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Analysis

Andfjord Salmon Group (ANDF) currently trades at kr 28.70, while our model-based Fair Value estimate is kr 11.64 — implying the stock looks roughly 59.5% overvalued today. We read business quality at 28/100 (below-average quality), in the Consumer Defensive sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium — the entry price still matters most (evidence: low).

Trailing-twelve-month revenue stands at 916K NOK. It earns a return on equity of -5.2%. Net debt stands at 1.5B NOK. Fundamentals as of Jul 14, 2026

Our scenario range runs from kr 8.69 (bear case) to kr 17.37 (bull case); at kr 28.70, the current price sits above that range. The share trades about 19% below its 52-week high and 26% above its 52-week low, currently below its 200-day average. For context, the median of 10 Consumer Defensive peers we cover trades at -3% fair-value upside — at -59%, ANDF screens richer than that median.

Key figures & financial health

Revenue (TTM) 916K NOK
Revenue growth (YoY) +1,511%
Return on equity -5.2%
Free cash flow −2.2B NOK FY2025
Operating margin -24,768%
EPS (TTM) kr -1.16
More key figures
Net debt 1.5B NOK FY2025

Figures from reported company fundamentals (EODHD) · as of Jul 14, 2026. TTM = trailing twelve months.

About the company

Andfjord Salmon Group AS engages in the land-based farming of Atlantic salmon in Norway. The company was formerly known as Andfjord Salmon AS and changed its name to Andfjord Salmon Group AS in May 2024. Andfjord Salmon Group AS was founded in 2014 and is based in Dverberg, Norway.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Andfjord Salmon Group reported revenue of kr 815K in FY2025 versus kr 0 in FY2021. Reported net income was −kr 104M in FY2025.

Revenue
FY21 kr 0
FY22 kr 113K
FY23 kr 37.3M
FY24 kr 190K
FY25 kr 815K
Net income
FY21 −kr 34.4M
FY22 −kr 56.7M
FY23 −kr 69.8M
FY24 −kr 67.9M
FY25 −kr 104M

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Cite: Fair Value Calculator (2026). "Andfjord Salmon Group Fair Value". https://www.fairvalue-calculator.com/stock/ANDF

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Frequently asked questions

Is Andfjord Salmon Group (ANDF) undervalued?
As of Jul 14, 2026, our model estimates a fair value of kr 11.64 versus a price of kr 28.70 — about −59% (overvalued). Model-based estimate, not financial advice.
What is the fair value of ANDF?
Our model-based fair value for Andfjord Salmon Group is kr 11.64 (as of Jul 14, 2026), built from audited fundamentals. The current price is kr 28.70.
What is the quality score of ANDF?
Andfjord Salmon Group has a Quality Score of 28/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.
What is the revenue of Andfjord Salmon Group (ANDF)?
Andfjord Salmon Group reported trailing-twelve-month revenue of about 916K NOK (latest available figure, as of Jul 14, 2026).
What is the net profit margin of ANDF?
The net profit margin of Andfjord Salmon Group is about 0.0%, meaning it keeps roughly 0.0% of revenue as net income. Based on the latest reported figures.

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data — nothing guessed.

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Not financial advice · no buy/sell recommendation. Model-based estimates are not certainties; their reliability depends on data quality and assumptions.