Nordic Halibut AS
Nordic Halibut AS is a Norwegian seafood company that operates in the fishing and farming industry, specializing in the production and sale of halibut and other seafood products.
Business. Nordic Halibut AS (NOHAL.OL) is a fishing and farming company listed on the Oslo Børs. The firm operates within the Food & Beverages industry, focusing on the production and sale of food products. Specific details regarding operating segments and geographic revenue mix are not available. The company is headquartered in Norway.
Analyst recommendations
2 analysts · consensus Buy- EarningsH1 2026 earnings (expected)2026-08-27 · estimated
- EarningsQ3 2026 earnings (expected)2026-11-19 · estimated
At a glance
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- Company
- EarningsH1 2026 earnings (expected)2026-08-27 · estimated
- EarningsQ3 2026 earnings (expected)2026-11-19 · estimated
- Macro
- Rate decisionBank of England rate decision (press conf.)2026-08-06 · GB
- Rate decisionReserve Bank of Australia rate decision (press conf.)2026-08-12 · AU
- Rate decisionNorges Bank rate decision (press conf.)2026-08-20 · NO
- Rate decisionSveriges Riksbank rate decision (press conf.)2026-09-03 · SE
- Rate decisionBank of Canada rate decision (press conf.)2026-09-09 · CA
- Rate decisionEuropean Central Bank rate decision (press conf.)2026-09-10 · EU
- Macro & political
- ElectionSE Swedish Election2026-09-14 · SE
- ElectionUS U.S. Midterms2026-11-03 · US
- ElectionFR French Legislative2027-06-01 · FR
Pre-earnings brief
Signals & dispatch
Composite-score breakdown
Synthesis
Nordic Halibut AS (NOHAL.OL) is a fishing and farming company listed on the Oslo Børs. The firm operates within the Food & Beverages industry, focusing on the production and sale of food products. Specific details regarding operating segments and geographic revenue mix are not available. The company is headquartered in Norway.
Nordic Halibut AS has a market capitalization of NOK 1.26 billion and a price-to-book ratio of 1.86, indicating that the market values the company at a premium to its book value. The company's liquidity position is characterized by a current ratio of 2.01, suggesting it has sufficient short-term assets to cover its liabilities. However, the company's operating cash flow is negative at NOK -146.1 million, and its free cash flow is also negative at NOK -107.5 million, indicating that it is not generating positive cash from operations.
Profitability metrics show that Nordic Halibut AS is currently unprofitable, with a net loss of NOK -9.97 million and a return on equity of -1.47%. The company's return on assets is also negative at -0.81%, which is below the typical performance of firms in the Fishing & Farming industry. The company's operating income of NOK 8.96 million is modest compared to its revenue of NOK 145.4 million, indicating that the company is not efficiently converting revenue into profit.
The company's revenue is concentrated in a single business segment, with no disclosed geographic diversification. This lack of diversification increases the company's exposure to regional economic conditions and regulatory changes. The company's capital structure is supported by a debt-to-equity ratio of 0.69, which is relatively low, but the company's long-term debt of NOK 470.99 million represents a significant portion of its total liabilities.
Looking ahead, the company's revenue is expected to remain flat or decline slightly in the next fiscal year. The company's capital expenditure of NOK -148.59 million indicates that it is investing in its operations, but the negative free cash flow suggests that these investments are not yet generating returns. The company's risk assessment highlights a medium liquidity risk and a low dilution risk, but the negative net cash position after subtracting total debt is a key concern.
Recent events and filings indicate that the company is under pressure to improve its financial performance. Analysts have set a mean price target of NOK 30.00, which is higher than the current market price of NOK 23.60, suggesting that there is potential for upside if the company can turn around its operations. However, the company's current financial position and operational performance suggest that it may face challenges in achieving this target.
- Nordic Halibut AS is currently unprofitable with a net loss of NOK -9.97 million and a negative return on equity of -1.47%.
- The company's liquidity position is moderate, with a current ratio of 2.01, but it is generating negative operating and free cash flows.
- The company's capital structure is supported by a debt-to-equity ratio of 0.69, but its long-term debt of NOK 470.99 million is a significant portion of its liabilities.
- Analysts have set a mean price target of NOK 30.00, which is higher than the current market price of NOK 23.60, indicating potential for upside if the company can improve its financial performance.
- The company's revenue is concentrated in a single business segment, increasing its exposure to regional economic conditions and regulatory changes.
Bull / Bear case
Generated · model-assistedIn focus — financials by report
Valuation
Revenue by segment
Business relationships
Supply chain
Peer comparison
Market position
Stress test
Predictor forecast
| Metric | Our forecast | Guidance | Consensus |
|---|---|---|---|
| EPS | —no estimate | —no estimate | 0,45 |
| Revenue | —no estimate | —no estimate | 338,0M NOK |
| Operating income | —no estimate | —no estimate | 44,0M NOK |
Options
Short squeeze
Earnings-call key lines
Consensus distribution
sell-side coverageEstimate revisions
consensus EPS · 26-week trendSell-side observations
Themes
ESG
Risk factors
- Net cash is negative after subtracting total debt.
Benchmarks vs cohort
Corporate actions / M&A
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- Return On Equitynet_income / total_equity
- Price To Bookmarket_price / (adjusted_book_value / shares_outstanding_diluted)
- Dilution Ratio(shares_outstanding_diluted - shares_outstanding_basic) / shares_outstanding_basic
- Market Priceinput from market-data provider (delayed close or quote-shim mid)
- Market Capmarket_price * shares_outstanding_diluted
- Ev To Revenueenterprise_value / revenue
- Nordic Halibut AS Market data — financials · 2026-05-28
- Nordic Halibut AS Market data — analyst estimates · 2026-05-28
Ownership & reference
Leadership
- Edvard HendenCEO
Insider activity
Short positioning
Geographic breakdown
Intel & risk
Evidence & claims
From filings & derived data- Debt-to-equity (FY 2024-12-31): 0.90xDerived (calculated)
- Return on assets (FY 2024-12-31): -12.9%Derived (calculated)
- Return on equity (FY 2024-12-31): -24.5%Derived (calculated)
- Net margin (FY 2024-12-31): -110.2%Derived (calculated)
- Current ratio (FY 2024-12-31): 1.40xDerived (calculated)
- Non current assets (annual): NOK 384.95MBRREG filing
- Current liabilities (annual): NOK 276.36MBRREG filing
- Non current liabilities (annual): NOK 89.55MBRREG filing
- Total liabilities (annual): NOK 365.91MBRREG filing
- Shareholders' equity (annual): NOK 406.85MBRREG filing
- Total equity & liabilities (annual): NOK 772.76MBRREG filing
- Net income (annual): NOK -99.79MBRREG filing
- Pre-tax income (annual): NOK -99.79MBRREG filing
- Operating income (annual): NOK -73.48MBRREG filing
- Current assets (annual): NOK 387.8MBRREG filing
- Total assets (annual): NOK 772.76MBRREG filing
- Finance expense (annual): NOK 29.75MBRREG filing
- Revenue (annual): NOK 90.58MBRREG filing
- Total operating expenses (annual): NOK 164.06MBRREG filing