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MAS (MAS) Fair Value & Analysis

Consumer Defensive · NO · Market cap 4.1B NOK

M MAS MAS · OL
Pricekr 33.20
Fair Valuekr 15.57
Upside-53.1%
Quality94/100
Evidence: Medium Range kr 6.95 – kr 24.18

Fair value as of: Jun 24, 2026

From 14 valuation models · updated 5 days ago

Fair value updated Jun 24, 2026 — revised from kr 40.80 to kr 15.57 (−61.8%) since Jun 23, 2026.

Price vs Fair Value (12 months)

kr 33.50 kr 20.10 Fair Value kr 15.57 Jun 2025 Jun 2026

12‑month range kr 20.10 – kr 33.50 · fair‑value band kr 6.95 – kr 24.18 · the kr 33.20 price screens above the kr 15.57 fair value. As of Jun 24, 2026.

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Analysis

MAS (MAS) currently trades at kr 33.20, while our model-based Fair Value estimate is kr 15.57 — implying the stock looks roughly 53.1% overvalued today. We read business quality at 94/100 (high 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: medium).

Trailing-twelve-month revenue stands at 2.8B NOK. Revenue declined 25.3% year over year. It earns a return on equity of -0.1%. Net debt stands at 1.6B NOK. Fundamentals as of Jun 24, 2026

Key figures & financial health

Revenue (TTM) 2.8B NOK
Revenue growth (YoY) -25.3%
Net margin 0.0%
Return on equity -0.1%
Free cash flow 506M NOK FY2025
Operating margin -10.6%
More key figures
EPS growth (YoY) +3.6%
Net debt 1.6B NOK FY2025

Figures from reported company fundamentals (EODHD) · as of Jun 24, 2026. TTM = trailing twelve months.

About the company

Måsøval AS, an aquaculture company, produces and sells salmon in Norway and internationally. The company was founded in 1973 and is headquartered in Frøya, Norway. Måsøval AS operates as a subsidiary of Måsøval Eiendom AS.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

MAS reported revenue of kr 2.3B in FY2025 versus kr 1.1B in FY2021, a compound +20.4%/yr. Reported net income was −kr 73.0M in FY2025.

Revenue +20.4%/yr
FY21 kr 1.1B
FY22 kr 1.9B
FY23 kr 2.4B
FY24 kr 2.2B
FY25 kr 2.3B
Net income
FY21 kr 164M
FY22 kr 621M
FY23 −kr 136M
FY24 kr 147M
FY25 −kr 73.0M

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Bunge Global SA BG $128.21 $88.65 -31%
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Wens Foodstuff Group 300498 ¥12.83 ¥7.44 -42%
Mowi ASA MOWI kr 204.00 kr 112.48 -45%

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Frequently asked questions

Is MAS (MAS) undervalued?
As of Jun 24, 2026, our model estimates a fair value of kr 15.57 versus a price of kr 33.20 — about −53% (overvalued). Model-based estimate, not financial advice.
What is the fair value of MAS?
Our 21-model fair value for MAS is kr 15.57 (as of Jun 24, 2026), built from audited fundamentals. The current price is kr 33.20.
What is the quality score of MAS?
MAS has a Quality Score of 94/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.
What is the revenue of MAS (MAS)?
MAS reported trailing-twelve-month revenue of about 2.8B NOK (latest available figure, as of Jun 24, 2026).
What is the net profit margin of MAS?
The net profit margin of MAS 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.

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