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Nordic Halibut AS (NOHAL) Fair Value & Analysis

Consumer Defensive · NO · Market cap 1.3B NOK

NH Nordic Halibut AS NOHAL · OL
Pricekr 24.60
Fair Valuekr 8.13
Upside-67.0%
Quality34/100
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Evidence: Low Range kr 5.08 – kr 11.17

Fair value as of: Jul 18, 2026

From 6 valuation models · updated yesterday

Share price +6.0% over the past month.

Price vs Fair Value (12 months)

kr 24.80 kr 18.80 Fair Value kr 8.13 Jul 2025 Jul 2026

12‑month range kr 18.80 – kr 24.80 · fair‑value band kr 5.08 – kr 11.17 · the kr 24.60 price screens above the kr 8.13 fair value. As of Jul 18, 2026.

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Analysis

Nordic Halibut AS (NOHAL) currently trades at kr 24.60, while our model-based Fair Value estimate is kr 8.13, implying the stock looks roughly 67.0% overvalued today. We read business quality at 34/100 (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, Nordic Halibut AS generated revenue of 151M NOK at a net margin of -35.5%. Revenue grew 11.4% year over year. It earns a return on equity of -8.0%. Net debt stands at 260M NOK. Fundamentals as of Jul 18, 2026

Our scenario range runs from kr 5.08 (bear case) to kr 11.17 (bull case); at kr 24.60, the current price sits above that range. The share trades near its 52-week high and 31% above its 52-week low, currently above its 200-day average. For context, the median of 10 Consumer Defensive peers we cover trades at 50% fair-value upside, at -67%, NOHAL screens richer than that median.

Key figures & financial health

Revenue (TTM) 151M NOK
Revenue growth (YoY) +11.4%
Net margin -35.5%
Return on equity -8.0%
Free cash flow −295M NOK FY2025
Operating margin -60.0%
More key figures
EPS (TTM) kr -1.04
Net debt 260M NOK FY2025

Figures from reported company fundamentals (EODHD) · as of Jul 18, 2026. TTM = trailing twelve months.

About the company

Nordic Halibut AS produces and sells farmed Atlantic halibut products in Norway, the United States, the European Union, the United Kingdom, and internationally. It offers fresh, frozen, whole, and filleted halibut products. The company was founded in 1995 and is headquartered in Averøy, Norway.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Nordic Halibut AS reported revenue of kr 145M in FY2025 versus kr 71.2M in FY2021, a compound +19.5%/yr. Reported net income was −kr 10.0M in FY2025.

Revenue +19.5%/yr
FY21 kr 71.2M
FY22 kr 80.0M
FY23 kr 102M
FY24 kr 90.5M
FY25 kr 145M
Net income
FY21 −kr 58.5M
FY22 −kr 66.1M
FY23 −kr 60.7M
FY24 −kr 99.8M
FY25 −kr 10.0M

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Cite: Fair Value Calculator (2026). "Nordic Halibut AS Fair Value". https://www.fairvalue-calculator.com/stock/NOHAL

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Frequently asked questions

Is Nordic Halibut AS (NOHAL) undervalued?
As of Jul 18, 2026, our model estimates a fair value of kr 8.13 versus a price of kr 24.60, about −67% (overvalued). Model-based estimate, not financial advice.
What is the fair value of NOHAL?
Our model-based fair value for Nordic Halibut AS is kr 8.13 (as of Jul 18, 2026), built from audited fundamentals. The current price is kr 24.60.
What is the quality score of NOHAL?
Nordic Halibut AS has a Quality Score of 34/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.
What is the revenue of Nordic Halibut AS (NOHAL)?
Nordic Halibut AS reported trailing-twelve-month revenue of about 151M NOK (latest available figure, as of Jul 18, 2026).
What is the net profit margin of NOHAL?
The net profit margin of Nordic Halibut AS is about -35.5%, 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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Not financial advice · no buy/sell recommendation. Model-based estimates are not certainties; their reliability depends on data quality and assumptions.