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New Zealand King Salmon Investments Ltd (NZK) fair value: what the stock is really worth

As of Nov 6, 2026: fair value (intrinsic value) of New Zealand King Salmon Investments Ltd stock A$0.30, price A$0.19, upside +60.0%, quality 34 out of 100. Rating: strongly undervalued. Calculated from audited financials with one of our 26 valuation models and 37 quality factors, updated daily.

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Consumer Defensive AU · Home New Zealand · ISIN NZNZKE0003S0

NZ New Zealand King Salmon Investments Ltd logo Thin data Nov 9, 2026

New Zealand King Salmon Investments Ltd

NZK · AU
Cheap, value-trap risk

The stock costs 38% less than our calculation considers fair.

Fair value A$0.3040 · Strongly undervalued
Low debt
Even on cautious assumptions the value is 7% above the price (A$0.2027).
Expensive Growth (revenue 5y +2.4 %/yr in NZD)
Mixed vs. peers (5/10)
Quality 34/100
Loss-making · -5.4% net margin (TTM)
Negative free cash flow
Narrow moat 25/100 · thin data
Thin data
⟳ Cyclical⚠ Thinly traded
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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

A$0.7177 A$0.1650 Fair Value A$0.3040 Aug 2021 Nov 2026

White line = price, green steps = our fair value per fiscal year. As of Nov 9, 2026.

How to read this chart

60‑month range A$0.1650 – A$0.7177 · fair‑value band A$0.2027 – A$0.3884 · the A$0.1900 price screens below the A$0.3040 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 9, 2026.

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Company profile

New Zealand King Salmon Investments Limited, together with its subsidiaries, engages in the farming, processing, sale, and distribution of salmon products in New Zealand, North America, Australia, Japan, Europe, China, and internationally.

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The company offers whole fish, fillets, raw portions, cold and hot smoked, wood roasted, salmon and potato cakes, caviar, oil, kibble, and pet treats, as well as ready to cook options.

It is also involved in the operation of freshwater facilities that support broodstock, hatchery, and smolt production; seafarms; and open ocean farming.

The company sells its products under the Ora King, Regal, Southern Ocean, Omega Plus, and New Zealand King Salmon brand names to chefs, consumers, retailers, and wholesalers. It exports its products. The company was incorporated in 2008 and is headquartered in Nelson, New Zealand.

Stock analysis

New Zealand King Salmon Investments Ltd (NZK) currently trades at A$0.1900, while our model-based Fair Value estimate is A$0.3040, implying the stock looks roughly 38% undervalued today.

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Valuation

How firm this estimate is: it rests on 1 models at a data quality of 95/100, which puts the data coverage at low.

Scenario range: A$0.2027 (bear) to A$0.3884 (bull), the price of A$0.1900 sits below 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 34/100 (below-average quality), in the Consumer Defensive sector.

Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.

New Zealand King Salmon Investments Ltd reported revenue of 175M NZD in FY2025 versus 175M NZD in FY2021, a compound +0.1%/yr. Reported net income was −9.4M NZD in FY2025.

Key figures

Market cap A$102M (≈ $70.5M) Micro · P/S ratio 0.59 · EPS (TTM) A$−0.0200 · Net margin −5.4% · Return on equity −7.2% · Return on assets (EBIT) −3.9% (5-year average) · Operating margin 18.9% · Revenue (TTM) 177M NZD.

Competitive moat

Our AI-assisted moat analysis scores the competitive advantage at 25 out of 100 (low confidence).

What moves the price

The share trades about 14% below its 52-week high and 15% 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 60%, NZK screens cheaper than that median.

Fair Value models

Bear A$0.2027 Fair Value A$0.3040 Bull A$0.3884
Price A$0.1900 · Upside +60.0%
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) A$0.1200 A$0.1800 A$0.2300 54
All 1 models by family
Asset-Based
NCAV (Graham) A$0.1200 A$0.1800 A$0.2300 54

The fair value above starts from this blend and is adjusted for a cyclical trough year.

Open the full fair value analysis →

Quality Score breakdown

Overall quality 34/100

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

Profitability 11
How much profit the company makes from its sales and capital
Quality Growth 0
Are margins and returns getting better?
Cashflow 16
Do the profits arrive as real cash?
Financial strength 85
Debt, balance sheet and risk of trouble
Investment 48
Does it invest with discipline instead of growing at any price?
Low Volatility 33
How calm the share price moves, does not count
Price momentum 47
Price momentum of the last 3 to 12 months, does not count
Near the 52-week high 43
Distance to the 52-week high, does not count
New shares 41
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. 11/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
−17.0%
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.
+0.1%
Revenue growth 5 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.
+2.4%
Start year 2020 (pandemic). Over 10 years: +5.9% a year
Revenue growth 12 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.
+4.5%
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.
14.5% (2020) → −17.1% (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

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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 5/9 measures
A mixed picture versus its industry peers.
Valuation
Quality Score 34 · Bottom 25%
Fair Value upside +60.0% · Top 25%
Profitability
Return on assets −3.9% · Bottom 25%
Net margin (12 months) −5.4% · Bottom 25%
Operating margin (12 months) 18.9% · Top 25%
Growth and dividend
Revenue growth (quarter YoY) −7.1% · Bottom 25%
Balance sheet
Debt / equity 0.01× · Lowest 25%

Valuation Multiplesvs Farm Products median · lower = cheaper

P/B 0.64× · Cheapest 25%
P/S (12 months) 0.71× · Cheaper than median

Strength profile in five axes (Snowflake)

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

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

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New Zealand King Salmon Investments Ltd: fair value per Fair Value Calculator

Cite: Fair Value Calculator (2026). "New Zealand King Salmon Investments Ltd Fair Value". https://www.fairvalue-calculator.com/stock/NZK

Frequently asked questions

Is New Zealand King Salmon Investments Ltd (NZK) overvalued or undervalued?
As of Nov 9, 2026, our model estimates a fair value of A$0.3040 versus a price of A$0.1900, about +60% upside (undervalued).
What is the fair value of NZK?
Our model-based fair value for New Zealand King Salmon Investments Ltd is A$0.3040 (as of Nov 9, 2026), built from audited fundamentals. The current price: A$0.1900.
What is the quality score of NZK?
New Zealand King Salmon Investments Ltd has a Quality Score of 34/100. 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 New Zealand King Salmon Investments Ltd (NZK)?
Our model-based price target is the fair value of A$0.3040 (as of Nov 9, 2026) from 1 valuation models. Cautious scenario A$0.2027, optimistic scenario A$0.3884. It is a calculation from audited fundamentals, not an analyst target.
What is the New Zealand King Salmon Investments Ltd stock forecast for 2026?
Our models put fair value at A$0.3040, about +60% upside versus a price of A$0.1900 (undervalued). Cautious scenario A$0.2027, optimistic scenario A$0.3884. The calculation is refreshed regularly with new filings.
What is the revenue of New Zealand King Salmon Investments Ltd (NZK)?
New Zealand King Salmon Investments Ltd reported trailing-twelve-month revenue of about 177M NZD (latest available figure, as of Nov 9, 2026).
What is the intrinsic value of New Zealand King Salmon Investments Ltd (NZK)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For New Zealand King Salmon Investments Ltd it is A$0.3040 per share (as of Nov 9, 2026), against a price of A$0.1900. It is the blended result of 1 valuation models in 1 family (Asset-Based).
Is New Zealand King Salmon Investments Ltd stock overvalued or undervalued in 2026?
As of Nov 9, 2026, NZK trades below its calculated fair value: price A$0.1900, fair value A$0.3040, a gap of about +60% (undervalued). 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 NZK?
No. The price is what the market pays today (A$0.1900); the fair value is what the company's own numbers justify (A$0.3040). For New Zealand King Salmon Investments Ltd the two are A$0.1140 per share apart. That gap is exactly why we show both numbers side by side.
How much is New Zealand King Salmon Investments Ltd worth?
The market values New Zealand King Salmon Investments Ltd at about A$102M (market capitalisation, as of Nov 9, 2026). Per share that is A$0.1900; our models calculate a fair value of A$0.3040 per share.
What do the bullish and bearish scenarios say about NZK?
Our models span a range for New Zealand King Salmon Investments Ltd: cautious scenario A$0.2027, base A$0.3040, optimistic A$0.3884 per share (as of Nov 9, 2026, price A$0.1900). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of New Zealand King Salmon Investments Ltd (NZK)?
Balance-sheet figures for New Zealand King Salmon Investments Ltd (as of Nov 9, 2026): return on equity −7.2%, debt of 0.01 per unit of equity. They feed the Quality Score of 34/100, which measures business quality independently of the share price.
How far is NZK from its 52-week high?
New Zealand King Salmon Investments Ltd trades at A$0.1900, about 14% below its 52-week high of A$0.2200 and 15% above the low of A$0.1650 (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of A$0.3040 is for.
Which stocks are comparable to New Zealand King Salmon Investments Ltd?
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 New Zealand King Salmon Investments Ltd stock attractive at the current price?
The data as of Nov 9, 2026: price A$0.1900, calculated fair value A$0.3040 (+60%), Quality Score 34/100, 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 NZK calculated?
We run New Zealand King Salmon Investments Ltd through 1 models from 1 family: Asset-Based. Every model gets the same audited fundamentals; the fair value of A$0.3040 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. New Zealand King Salmon Investments Ltd currently trades 38% below its own fair value, and the market average says nothing about that. 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 New Zealand King Salmon Investments Ltd (NZK)?
The closing price on Nov 6, 2026 was A$0.1900. Our model-based fair value is A$0.3040, about +60% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with New Zealand King Salmon Investments Ltd right now?
The large discount to fair value meets weak quality (34/100). That raises the risk this is a value trap rather than a bargain. The price is below even our cautious bear case (A$0.2027). The market is more pessimistic than our downside scenario. 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 (A$0.2027 to A$0.3884) leaves room in how you read the outcome.
Where does the earnings growth of New Zealand King Salmon Investments Ltd (NZK) come from?
Earnings per share at New Zealand King Salmon Investments Ltd grew −2.1 % a year from 2015 to 2025. Broken into its drivers: revenue per share −12.8 %, EBIT margin +4.7 %, tax rate −2.8 %, residual (interest, one-offs) +10.3 %. The four rates multiply to the earnings growth rate, they do not add up. Start and end are three-year averages so a single exceptional year does not distort the result.

Key figures of New Zealand King Salmon Investments Ltd

How large is the market capitalisation of New Zealand King Salmon Investments Ltd (NZK)?
The market capitalisation of New Zealand King Salmon Investments Ltd is A$102M (≈ $70.5M). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of New Zealand King Salmon Investments Ltd (NZK)?
The price-to-sales ratio of New Zealand King Salmon Investments Ltd is 0.59 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of New Zealand King Salmon Investments Ltd (NZK)?
Earnings per share at New Zealand King Salmon Investments Ltd are A$−0.0200. Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of New Zealand King Salmon Investments Ltd (NZK)?
The net margin of New Zealand King Salmon Investments Ltd is −5.4% (last twelve months). 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 New Zealand King Salmon Investments Ltd (NZK)?
The return on equity (ROE) of New Zealand King Salmon Investments Ltd is −7.2% (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 New Zealand King Salmon Investments Ltd (NZK)?
On an EBIT basis the return on assets of New Zealand King Salmon Investments Ltd is −3.9% (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 New Zealand King Salmon Investments Ltd (NZK)?
The operating margin of New Zealand King Salmon Investments Ltd is 18.9% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at New Zealand King Salmon Investments Ltd (NZK)?
Revenue at New Zealand King Salmon Investments Ltd is growing −7.1% versus a year earlier (3y avg +0.1%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at New Zealand King Salmon Investments Ltd (NZK)?
Earnings per share at New Zealand King Salmon Investments Ltd are growing −66.7% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does New Zealand King Salmon Investments Ltd (NZK) generate?
The free cash flow of New Zealand King Salmon Investments Ltd is −238K NZD (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net cash does New Zealand King Salmon Investments Ltd (NZK) hold?
New Zealand King Salmon Investments Ltd holds more cash than debt, 26.0M NZD net (fiscal year 2025). The company holds more cash than debt, a safety cushion.
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