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Proximar Seafood AS (PROXI) Fair Value & Analysis

Consumer Defensive · NO · Market cap 243M NOK (≈ $26.0M) · ISIN NO0010893902

PS Proximar Seafood AS PROXI · OL
Pricekr 0.4470
Fair Valuekr 0.4675
Upside+4.6%
Quality12/100
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Risks

!Mixed Growth (revenue YoY +3976.6 %/yr)
!Moderate debt · negative free cash flow
!Mixed vs. peers (4/9)
!Narrow moat 10/100
Mixed Growth (revenue YoY +3976.6 %/yr)
Moderate debt · negative free cash flow
Mixed vs. peers (4/9)
Narrow moat 10/100
Evidence: Low Range kr 0.3485 – kr 0.6970 Share as image

Fair value as of: Aug 13, 2026

From 1 valuation models · updated 17 days ago

Share price +6.4% over the past month.

Below-average quality, currently priced close to our fair value.

What runs behind every stock

69 individual criteria per stock, every one traceable See the method →

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What matters now

  • The price sits close to our fair value, market and models broadly agree here, little valuation tension.
  • A fairly wide model range (kr 0.3485 to kr 0.6970) leaves room in how you read the outcome.
  • Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual.
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Price vs Fair Value (5 years)

kr 8.83 kr 0.4200 Fair Value kr 0.4675 Jun 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 13, 2026.

How to read this chart

60‑month range kr 0.4200 – kr 8.83 · fair‑value band kr 0.3485 – kr 0.6970 · the kr 0.4470 price screens below the kr 0.4675 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 13, 2026.

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Analysis

Proximar Seafood AS (PROXI) currently trades at kr 0.4470, while our model-based Fair Value estimate is kr 0.4675, implying the stock looks roughly 4.6% fairly valued today. The Quality Score stands at 12/100 (below-average quality), in the Consumer Defensive sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: low), always confirm before acting.

Trailing-twelve-month revenue stands at 99.1M NOK. It earns a return on equity of -61.5%. Net debt stands at 938M NOK. Fundamentals as of Aug 13, 2026

Our scenario range runs from kr 0.3485 (bear case) to kr 0.6970 (bull case); at kr 0.4470, the current price sits within 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. For context, the median of 10 Consumer Defensive peers we cover trades at -19% fair-value upside, at 5%, PROXI screens cheaper 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) best evidence kr 0.4100 kr 0.5500 kr 0.8200 54
All 1 models by family
Asset-Based
NCAV (Graham) best evidence kr 0.4100 kr 0.5500 kr 0.8200 54

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Key figures & financial health

P/S ratio 2.45 TTM
EPS (TTM) kr -1.12
Net margin -256% TTM
Return on equity -61.5% TTM
Return on assets (EBIT) -5.1% avg 5y
Operating margin -144% TTM
More key figures
Growth
Revenue (TTM) 99.1M NOK TTM
Revenue growth (YoY) +525%
Balance sheet & cash flow
Free cash flow −162M NOK FY2025
Net debt 938M NOK FY2025

Figures from reported company fundamentals · as of Aug 13, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 12/100

Of which business quality 14 · Market factors (momentum, volatility) 23

Profitability 2
Margins and returns on capital today
Quality Growth 59
Are margins and returns improving?
Cashflow 0
Earnings quality: real cash, not paper profit
Fin. Strength 11
Balance sheet, leverage, solvency risk
Investment 28
Disciplined investing over empire-building
Low Volatility 54
Calm price path (market factor)
Momentum 16
Price trend over the last 3–12 months (market factor)
52W Momentum 1
Distance to the 52-week high (market factor)
Net Issuance 0
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.

All values are scores from 0 to 100 (100 = best against fixed, research-based bands), not percentages. The three market factors (momentum, 52-week proximity, low volatility) are displayed but carry zero weight in the headline number: market sentiment is not a business property.

About the company

Proximar Seafood AS, a seafood company, engages in the land-based fish farming in Japan. The company produces and sells Atlantic salmon. It serves retailers and sushi restaurant chains. The company was incorporated in 2015 and is headquartered in Bergen, Norway.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Proximar Seafood AS reported revenue of kr 143M in FY2025 versus kr 0 in FY2021. Reported net income was −kr 254M in FY2025.

Growth Quality 23/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
143M NOK
Latest YoY
+3,976.6%
Value creation/yr 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
Revenue
FY21 kr 0
FY22 kr 0
FY23 kr 6.0K
FY24 kr 3.5M
FY25 kr 143M
Net income
FY21 −kr 25.0M
FY22 −kr 22.6M
FY23 −kr 93.3M
FY24 −kr 139M
FY25 −kr 254M

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Cite: Fair Value Calculator (2026). "Proximar Seafood AS Fair Value". https://www.fairvalue-calculator.com/stock/PROXI

Peer Group

Farm Products · 297 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 14 · Bottom 25%
Fair Value upside +5% · Above median
Return on assets -7% · Bottom 25%
Operating margin (TTM) -86% · Bottom 25%
Revenue growth 19% · Above median
Debt / equity 0.60× · Higher than 75% of peers

Valuation Multiples vs Farm Products median · lower = cheaper

P/B 0.06× · Cheaper than 75% of peers
P/S (TTM) 0.25× · Cheaper 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.

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE39 · sector 28
FUTURE96 · sector 21
PAST0 · sector 19
HEALTH70 · sector 94
DIVIDEND0 · sector 49

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 (as of Aug 13, 2026).

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Wens Foodstuff Group 300498 ¥13.80 ¥11.18 -19%
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Fujian Wanchen Food Group 300972 ¥201.06 ¥143.09 -29%
United Plantations Berhad 2089 32.60 MYR 23.34 MYR -28%
PT Charoen Pokphand Indonesia Tbk, CPIN 2,960 IDR 6,818 IDR +130%
Charoen Pokphand Foods Public Company CPF 23.40 THB 43.24 THB +85%

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Frequently asked questions

Is Proximar Seafood AS (PROXI) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of kr 0.4675 versus a price of kr 0.4470, about +5% (fairly valued).
What is the fair value of PROXI?
Our model-based fair value for Proximar Seafood AS is kr 0.4675 (as of Aug 13, 2026), built from audited fundamentals. The current price: kr 0.4470.
What is the quality score of PROXI?
Proximar Seafood AS has a Quality Score of 12/100. 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 Proximar Seafood AS (PROXI)?
Proximar Seafood AS reported trailing-twelve-month revenue of about 99.1M NOK (latest available figure, as of Aug 13, 2026).

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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