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Gigante Salmon AS (GIGA) Fair Value & Analysis

Consumer Defensive · NO · Market cap 1.5B NOK

GS Gigante Salmon AS GIGA · OL
Pricekr 6.74
Fair Valuekr 2.13
Upside-68.4%
Quality29/100
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Mixed Growth
Loss-making · -12.4% net margin
Moderate debt · negative free cash flow
Trails peers (1/10)
Narrow moat 19/100
Evidence: Low Range kr 1.59 – kr 3.19 Share as image

Fair value as of: Jul 15, 2026

From 1 valuation models · updated 26 days ago

Share price −1.2% over the past month.

Below-average quality, and screening another 68% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (kr 3.19). The favourable scenario is already priced in.
  • Weak quality (29/100) 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 1.59 to kr 3.19) leaves room in how you read the outcome.
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Price vs Fair Value (5 years)

kr 11.87 kr 3.87 Fair Value kr 2.13 Jul 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 15, 2026.

How to read this chart

60‑month range kr 3.87 – kr 11.87 · fair‑value band kr 1.59 – kr 3.19 · the kr 6.74 price screens above the kr 2.13 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 15, 2026.

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Analysis

Gigante Salmon AS (GIGA) currently trades at kr 6.74, while our model-based Fair Value estimate is kr 2.13, implying the stock looks roughly 68.4% overvalued today. The Quality Score stands at 29/100 (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).

Over the trailing twelve months, Gigante Salmon AS generated revenue of 144M NOK at a net margin of -12.4%. It earns a return on equity of -2.0%. Net debt stands at 624M NOK. Fundamentals as of Jul 15, 2026

Our scenario range runs from kr 1.59 (bear case) to kr 3.19 (bull case); at kr 6.74, the current price sits above that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 39% below its 52-week high, currently below its 200-day average. For context, the median of 10 Consumer Defensive peers we cover trades at 102% fair-value upside, at -68%, GIGA screens richer than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Model 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. Evidence
Highest evidence
NCAV (Graham) kr 1.59 kr 2.13 kr 3.19 50
All 1 models by family
Asset-Based
NCAV (Graham) kr 1.59 kr 2.13 kr 3.19 50

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Key figures & financial health

Revenue (TTM) 144M NOK
Revenue growth (YoY) -98.8%
Net margin -12.4%
Return on equity -2.0%
Free cash flow −391M NOK FY2025
Operating margin -16.5%
More key figures
EPS (TTM) kr -0.0800
EPS growth (YoY) +1,871%
Net debt 624M NOK FY2025

Figures from reported company fundamentals · as of Jul 15, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 29/100

Of which business quality 33 · Market factors (momentum, volatility) 33

Profitability 14
Margins and returns on capital today
Quality Growth 63
Are margins and returns improving?
Cashflow 33
Earnings quality: real cash, not paper profit
Fin. Strength 47
Balance sheet, leverage, solvency risk
Investment 0
Disciplined investing over empire-building
Low Volatility 78
Calm price path (market factor)
Momentum 14
Price trend over the last 3–12 months (market factor)
52W Momentum 13
Distance to the 52-week high (market factor)
Net Issuance 40
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

Gigante Salmon AS engages in the land-based salmon farming business in Norway. The company was incorporated in 2001 and is headquartered in Bodø, Norway.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Gigante Salmon AS reported revenue of kr 71.6M in FY2025 versus kr 0 in FY2021. Reported net income was −kr 469K in FY2025.

Growth Quality 23/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
71.6M NOK
Avg. growth/yr (3Y) 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.
+679.7%
Revenue
FY21 kr 0
FY22 kr 151K
FY23 kr 60.0K
FY24 kr 0
FY25 kr 71.6M
Net income
FY21 kr 2.7M
FY22 kr 5.6M
FY23 kr 728K
FY24 −kr 2.1M
FY25 −kr 469K

GIGA screens 68% overvalued. Compare with Muyuan Foods Group →

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Cite: Fair Value Calculator (2026). "Gigante Salmon AS Fair Value". https://www.fairvalue-calculator.com/stock/GIGA

Peer Group

Farm Products · 288 stocks

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.

Quality Score 29 · Bottom 25%
Fair Value upside −68% · Bottom 25%
Return on assets -0% · Bottom 25%
Net margin (TTM) -12% · Bottom 25%
Operating margin (TTM) -17% · Bottom 25%
Revenue growth -99% · Bottom 25%
Debt / equity 0.70× · Higher than 75% of peers

Valuation Multiples vs Farm Products median · lower = cheaper

P/B 0.22× · Cheaper than 75% of peers
P/S (TTM) 1.11× · Pricier than median

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 0 · sector 25
FUTURE 0 · sector 20
PAST 0 · sector 17
HEALTH 65 · sector 94
DIVIDEND 0 · sector 38

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

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

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Farm Products stocks, each showing price versus our Fair Value estimate (as of Jul 15, 2026).

Stock Price Fair Value vs Fair Value
Muyuan Foods Group 002714 ¥40.90 ¥48.19 +18%
Wens Foodstuff Group 300498 ¥14.51 ¥12.08 -17%
Mowi ASA MOWI kr 188.40 kr 262.59 +39%
PT Charoen Pokphand Indonesia Tbk, CPIN 3,120 IDR 7,076 IDR +127%
Charoen Pokphand Foods Public Company CPF 22.00 THB 55.71 THB +153%
PT Triputra Agro Persada Tbk TAPG 1,540 IDR 3,105 IDR +102%
PT FAP Agri Tbk FAPA 7,300 IDR 7,463 IDR +2%
PT Japfa Comfeed Indonesia Tbk JPFA 2,070 IDR 7,231 IDR +249%
Thaifoods Group TFGR 10.60 THB 23.53 THB +122%
PT Jhonlin Agro Raya Tbk JARR 1,845 IDR 610.80 IDR -67%

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Frequently asked questions

Is Gigante Salmon AS (GIGA) overvalued or undervalued?
As of Jul 15, 2026, our model estimates a fair value of kr 2.13 versus a price of kr 6.74, about −68% (overvalued).
What is the fair value of GIGA?
Our model-based fair value for Gigante Salmon AS is kr 2.13 (as of Jul 15, 2026), built from audited fundamentals. The current price is kr 6.74.
What is the quality score of GIGA?
Gigante Salmon AS has a Quality Score of 29/100. 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 revenue of Gigante Salmon AS (GIGA)?
Gigante Salmon AS reported trailing-twelve-month revenue of about 144M NOK (latest available figure, as of Jul 15, 2026).
What is the net profit margin of GIGA?
The net profit margin of Gigante Salmon AS is about -12.4%, meaning it is currently running at a net loss. 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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