Employees: 31
Size Andfjord Salmon Group AS (ANDF.OL) is a Norway Consumer Staples company (Agricultural Commodities/Milling) with a market value of $321M, the 110th largest of 115 Norway companies the cockpit tracks. Shares closed at NOK 24.60 on 6 Nov 2026.
Performance Over six months the shares fell 10.2%, against -8.7% for the median peer and +2.7% for the Norway market (cap-weighted) — 11th highest of 21 in its peer set.
Growth Revenue grew 5,368.5% over the last twelve months (peer median -1.4%); the operating margin is -233.1% (peer median 2.4%).
Valuation It trades at 1.08× book value against a peer median of 1.03× (10th most expensive of 20).
Price implies The share price implies a return on equity of about 6.1%; Andfjord Salmon Group AS delivers -6.6%, so the price asks more than the business earns today.
Next results Next results expected around 17 Nov 2026 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | NOK 51.3M | NOK 815,000 | NOK 190,000 | NOK 37.3M | NOK 0 |
| Revenue growth | — | +329% | -99% | — | — |
| Gross profit | -NOK 30.6M | -NOK 44.3M | -NOK 47.3M | -NOK 75.5M | -NOK 49.5M |
| EBITDA | -NOK 64.9M | -NOK 63.0M | -NOK 46.1M | -NOK 80.4M | -NOK 57.5M |
| Net income | -NOK 163M | -NOK 104M | -NOK 67.9M | -NOK 69.8M | -NOK 56.7M |
| Free cash flow | -NOK 1.54B | -NOK 2.21B | -NOK 1.27B | -NOK 350M | -NOK 178M |
| Capital expenditure | NOK 1.31B | NOK 2.06B | NOK 1.21B | NOK 327M | NOK 95.7M |
| Total debt | NOK 1.71B | NOK 1.66B | NOK 843M | NOK 81.5M | NOK 142M |
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Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | ANDF.OL | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -11.8% | -3.4% | 5th lowest of 21 |
| 6-month return | -10.2% | -8.7% | 11th highest of 21 |
| Return on equity | -6.6% | 5.6% | 6th lowest of 20 |
| Price / book | 1.08× | 1.03× | 10th most expensive of 20 |
| ROE the price implies | 6.1% | 10.0% | 7th least demanding of 20 |
| ROE delivered | -6.6% | 5.6% | 6th lowest of 20 |
| Company | Market | Market cap | 6M return | Revenue growth | ROE | Price / book | Implied ROE | Delivered ROE |
|---|---|---|---|---|---|---|---|---|
| Andfjord Salmon Group AS ANDF.OL | Norway | $321M | -10% | +5,368% | -7% | 1.08× | 6.1% | -6.6% |
| Lontrue 300175.SZ | China | $330M | -25% | +29% | -7% | 4.60× | 27.8% | -6.6% |
| Feed One 2060.T | Japan | $310M | +18% | +5% | 11% | 0.78× | 5.5% | 11.1% |
| Forafric Global AFRI | United States | $334M | +22% | -36% | n/a | n/a | n/a | n/a |
| Zoneco 002069.SZ | China | $343M | -15% | -16% | 166% | 49.75× | 230.0% | 166.1% |
| SNDL SNDL | United States | $344M | -1% | -2% | -6% | 0.49× | 6.3% | -5.7% |
| Aurora Cannabis ACB.TO | Canada | $347M | +57% | -19% | -7% | 0.89× | 10.1% | -7.0% |
| Dahu Health Industry 600257.SS | China | $350M | -20% | -4% | 3% | 2.86× | 16.4% | 3.0% |
| Village Farms International VFF | United States | $352M | +12% | -24% | 8% | 1.12× | 13.3% | 7.7% |
| Canopy Growth WEED.TO | Canada | $293M | -41% | +7% | -40% | 0.57× | 10.3% | -39.7% |
| Indofood Agri Resources 5JS.SI | Singapore | $355M | -24% | +8% | 9% | 0.39× | 2.4% | 9.2% |
| Daodaoquan Grain & Oil 002852.SZ | China | $359M | -20% | +5% | 3% | 1.14× | 10.0% | 3.1% |
| Shandong Minhe Animal Husbandry Co,.Ltd 002234.SZ | China | $362M | -20% | +5% | -9% | 1.44× | 11.6% | -8.5% |
| Kaveri Seed KSCL.NS | India | $373M | -32% | -3% | 13% | 1.72× | 20.7% | 13.4% |
| Chubu Shiryo 2053.T | Japan | $375M | +17% | +6% | 11% | 0.73× | 4.0% | 11.4% |
| Okamura Foods 2938.T | Japan | $377M | -3% | +21% | 16% | 3.00× | 12.3% | 15.6% |
| Raisio RAIKV.HE | Finland | $379M | -17% | 0% | 8% | 1.44× | 7.7% | 8.3% |
| MGP Ingredients CASK | United States | $380M | +3,438% | -16% | -34% | 0.64× | 5.6% | -34.3% |
| Select Harvests SHV.AX | Australia | $390M | +13% | -6% | 6% | 1.03× | 6.6% | 5.6% |
| Nippon Beet Sugar Manufacturing 2108.T | Japan | $391M | +24% | 0% | 7% | 0.79× | 5.0% | 7.0% |
| Mewah International MV4.SI | Singapore | $259M | -29% | -4% | 3% | 0.28× | 2.3% | 3.1% |