Manufactures fish and shrimp feed for the global aquaculture industry.
Manufactures fish and shrimp feed for the global aquaculture industry.
Sells feed by the tonne to fish and shrimp farming companies. Raw materials such as fishmeal, fish oil, soy and wheat are bought on world markets and price changes are largely passed through to farmers, so volume tracks fish production.
Moat: narrow (scale, process know-how, distribution). One of the world's largest aquafeed makers, with formulation know-how and a global production/logistics network.
Headquarters: Aarhus, Denmark · Founded: 1962 · Employees: 1,712
Size BioMar Group A/S (BIOMAR.CO) is a Denmark Consumer Staples company (Agricultural Commodities/Milling) with a market value of $1.83B, the 34th largest of 59 Denmark companies the cockpit tracks. Shares closed at DKK 120.40 on 6 Nov 2026.
Performance Over six months the shares fell 37.3%, against -3.9% for the median peer and +8.8% for the Denmark market (cap-weighted) — 2nd lowest of 20 in its peer set.
Growth Revenue fell 0.5% over the last twelve months (peer median +2.1%); the operating margin is 6.5% (peer median 8.6%).
Valuation It trades at 13.0× forward earnings against a peer median of 18.8× (6th cheapest of 15).
Price implies For today's price to make sense, revenue must grow about -2% a year for seven years (Req g). Recent delivered growth is 0%, so the hurdle is -1 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 7.8 points above its cost of capital (6.4% WACC).
Next results Next results expected around 3 Mar 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | |
|---|---|---|---|---|
| Revenue | n/a | DKK 16.5B | DKK 16.6B | DKK 17.9B |
| Revenue growth | — | 0% | -7% | — |
| Gross profit | n/a | DKK 2.38B | DKK 2.29B | DKK 2.02B |
| EBITDA | n/a | DKK 1.46B | DKK 1.47B | DKK 1.24B |
| Net income | n/a | DKK 714M | DKK 675M | DKK 461M |
| Free cash flow | n/a | DKK 1.33B | DKK 1.44B | DKK 493M |
| Capital expenditure | n/a | DKK 288M | DKK 217M | DKK 232M |
| Total debt | DKK 3.20B | DKK 3.45B | DKK 2.89B | DKK 3.73B |
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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 | BIOMAR.CO | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -3.5% | -3.7% | 11th highest of 21 |
| 6-month return | -37.3% | -3.9% | 2nd lowest of 20 |
| Distance from 52-week high | -49.8% | -25.0% | lowest of 21 |
| Revenue growth (TTM) | -0.5% | +2.1% | 11th highest of 21 |
| Operating margin | 6.5% | 8.6% | 10th lowest of 21 |
| Forward P/E | 13.0× | 18.8× | 6th cheapest of 15 |
| Growth the price implies (Req g, 7 yrs) | -2.0% | 7.1% | 4th least demanding of 13 |
| Growth delivered (Del g) | -0.5% | +12.0% | 3rd lowest of 13 |
| Hurdle (Req g minus delivered) | -1.5 pp | -3.0 pp | 6th most demanding of 13 |
| ROIC minus cost of capital | +7.8 pp | -3.2 pp | 4th highest of 21 |
| EV / EBITDA | 10.1× | 12.2× | 4th cheapest of 9 |
| Net debt / EBITDA | 1.8× | 1.0× | 4th most indebted of 11 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| BioMar Group A/S BIOMAR.CO | Denmark | $1.83B | -37% | 0% | 6% | 13.0× | -2.0% | -0.5% |
| Uie UIE.CO | Denmark | $1.81B | +5% | +12% | 37% | n/a | -13.0% | +13.1% |
| Beijing Dbn Technology 002385.SZ | China | $1.86B | -23% | -1% | -6% | n/a | n/a | n/a |
| Bumitama Agri P8Z.SI | Singapore | $1.87B | -25% | +9% | 25% | 9.0× | -15.2% | +12.9% |
| Yuan Longping High-Tech Agriculture 000998.SZ | China | $1.77B | -11% | -5% | 5% | 46.5× | n/a | n/a |
| Jiangsu Provincial Agricultural Reclamation & Dev 601952.SS | China | $1.72B | -16% | -5% | 4% | 20.1× | -2.2% | +3.2% |
| Tecon Biology 002100.SZ | China | $1.72B | +6% | -8% | -5% | n/a | n/a | n/a |
| Shenzhen Agricultural Products 000061.SZ | China | $1.63B | -22% | -22% | 12% | 26.1× | 4.2% | +15.6% |
| Genus GNS.L | United Kingdom | $2.07B | +5% | -2% | 13% | 23.0× | 17.9% | +2.8% |
| Liuliumei 6658.HK | Hong Kong | $1.58B | n/a | +6% | 12% | n/a | n/a | n/a |
| Lien Hwa Industrial 1229.TW | Taiwan | $2.12B | -6% | -3% | 9% | n/a | 21.5% | +7.3% |
| LT Foods LTFOODS.NS | India | $1.55B | -3% | +24% | 8% | 12.8× | 25.7% | +18.2% |
| Shandong Yisheng Livestock & Poultry Breeding 002458.SZ | China | $1.54B | -16% | +15% | 17% | 18.2× | 6.3% | +11.1% |
| Guangxi Yuegui Guangye 000833.SZ | China | $2.19B | -46% | +67% | 30% | 9.6× | 2.1% | -0.9% |
| Balrampur Chini Mills BALRAMCHIN.NS | India | $1.50B | +28% | +11% | 9% | 19.5× | n/a | n/a |
| Trulieve Cannabis TRLV | United States | $2.23B | +31% | -4% | 14% | 31.1× | 13.5% | +17.8% |
| Kernel KER.WA | Poland | $1.47B | 0% | -1% | 5% | 5.4× | 8.0% | -5.4% |
| B.F BFG.MI | Italy | $2.29B | +56% | +30% | -2% | 84.3× | n/a | n/a |
| AWL Agri Business AWL.NS | India | $2.30B | -21% | +18% | 2% | 17.6× | 13.4% | +15.0% |
| China Modern Dairy 1117.HK | Hong Kong | $1.37B | +3% | +5% | -15% | 12.5× | n/a | n/a |
| Beijing Shunxin Agriculture 000860.SZ | China | $1.36B | -4% | -20% | -5% | n/a | n/a | n/a |