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← CockpitCompetitor Analysis › BIOMAR.CO BioMar Group A/SOpen in the cockpit ↗

BioMar Group A/SBIOMAR.COCompetitor analysis, valuation and peers

Denmark · DKK·Consumer Staples›Agricultural Commodities/Milling

Manufactures fish and shrimp feed for the global aquaculture industry.

Momentum laggard 5
Mkt cap
$1.83B
US dollars, full cap
Free float
29%
of shares outstanding
$/day
$1.88M
20-day average traded
Fwd P/E
13.0×
forward earnings
ROIC−WACC
+7.8 pp
WACC 6.4%
Hurdle
-1 pp
Req g minus delivered
Next earnings
117 days
3 Mar 2027
Close · DKKDKK 120.40
1D-0.5%
1W-7.2%
1M-3.5%
3M+6.1%
6M-37.3%
YTD-34.9%
1Y-48.0%
ATR %3.2%
52w lowhigh49.8% off high

What BioMar Group A/S does

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.

Products and services

  • Salmon/trout feed
  • Shrimp feed
  • Other species feed (seabass, seabream, etc.)

Customers

  • Salmon and other fish/shrimp farmers globally

Where it sits in the supply chain

  • Agriculture / food
  • Aquaculture feed manufacturing
  • Formulated feed for farmed fish/shrimp

What could go right

  • Growing global aquaculture production
  • Premium/functional feed adoption

What could go wrong

  • Fishmeal/fish oil and grain input-cost volatility
  • Salmon farming disease/biological cycles affecting demand

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

Named competitors

  • Skretting (Nutreco) private or unlisted
  • Cargill (aquafeed division) private or unlisted
  • Cermaq private or unlisted

BioMar Group A/S at a glance

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).

Relative performance

608010011 May 202611 Aug 20266 Nov 2026Peer median 97BIOMAR.CO 63
Six months, rebased to 100: BioMar Group A/S against the median of its 20 peers (local-currency closes).

BioMar Group A/S financials

Reported figures in DKK; fiscal year ends 2025-12-31. TTM = trailing twelve months.
TTMFY2025FY2024FY2023
Revenuen/aDKK 16.5BDKK 16.6BDKK 17.9B
Revenue growth—0%-7%—
Gross profitn/aDKK 2.38BDKK 2.29BDKK 2.02B
EBITDAn/aDKK 1.46BDKK 1.47BDKK 1.24B
Net incomen/aDKK 714MDKK 675MDKK 461M
Free cash flown/aDKK 1.33BDKK 1.44BDKK 493M
Capital expendituren/aDKK 288MDKK 217MDKK 232M
Total debtDKK 3.20BDKK 3.45BDKK 2.89BDKK 3.73B

Quarterly statements and history in the cockpit →

BioMar Group A/S competitor charts

The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.

Performance: 6-month against 1-month return

-50%-25%0%+25%+50%-20%0%+20%UIE002385P8Z000998601952002100000061GNS1229LTFOODS002458000833BALRAMCHINTRLVBFG1117000860BIOMAR.CO6-month return →1-month return →
Up and to the right = strong over both horizons. BioMar Group A/S is the large dot.

Fundamentals: revenue growth against valuation

-25%0%+25%+50%0×25×50×75×P8Z000998601952000061GNSLTFOODS002458000833BALRAMCHINTRLVKERBFGBIOMAR.CORevenue growth (TTM) →Forward P/E →
Further right = faster growth; higher = more expensive. The dashed lines are the peer medians. BioMar Group A/S is the large dot.

Capital: growth delivered against growth the price implies

-10%0%+10%+20%0%20%UIEP8Z601952000061GNS1229LTFOODS002458000833TRLVKERAWLBIOMAR.COGrowth delivered (Del g) →Growth the price implies (Req g, 7 yrs) →
Above the diagonal = the price needs more growth than the company has been delivering; below = the price already allows for a slowdown. BioMar Group A/S is the large dot.

BioMar Group A/S competitors and peer comparison

How BioMar Group A/S compares with its peers

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.

BioMar Group A/S against its 20 peers (data as of 6 Nov 2026)
MeasureBIOMAR.COPeer medianRank 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 margin6.5%8.6%10th lowest of 21
Forward P/E13.0×18.8×6th 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 pp6th most demanding of 13
ROIC minus cost of capital+7.8 pp-3.2 pp4th highest of 21
EV / EBITDA10.1×12.2×4th cheapest of 9
Net debt / EBITDA1.8×1.0×4th most indebted of 11

Peer table

Peer set: Industry: the same industry and sector in any market, nearest in size
CompanyMarketMarket cap6M returnRevenue growthOp. marginForward P/EReq gDelivered g
BioMar Group A/S BIOMAR.CODenmark$1.83B-37%0%6%13.0×-2.0%-0.5%
Uie UIE.CODenmark$1.81B+5%+12%37%n/a-13.0%+13.1%
Beijing Dbn Technology 002385.SZChina$1.86B-23%-1%-6%n/an/an/a
Bumitama Agri P8Z.SISingapore$1.87B-25%+9%25%9.0×-15.2%+12.9%
Yuan Longping High-Tech Agriculture 000998.SZChina$1.77B-11%-5%5%46.5×n/an/a
Jiangsu Provincial Agricultural Reclamation & Dev 601952.SSChina$1.72B-16%-5%4%20.1×-2.2%+3.2%
Tecon Biology 002100.SZChina$1.72B+6%-8%-5%n/an/an/a
Shenzhen Agricultural Products 000061.SZChina$1.63B-22%-22%12%26.1×4.2%+15.6%
Genus GNS.LUnited Kingdom$2.07B+5%-2%13%23.0×17.9%+2.8%
Liuliumei 6658.HKHong Kong$1.58Bn/a+6%12%n/an/an/a
Lien Hwa Industrial 1229.TWTaiwan$2.12B-6%-3%9%n/a21.5%+7.3%
LT Foods LTFOODS.NSIndia$1.55B-3%+24%8%12.8×25.7%+18.2%
Shandong Yisheng Livestock & Poultry Breeding 002458.SZChina$1.54B-16%+15%17%18.2×6.3%+11.1%
Guangxi Yuegui Guangye 000833.SZChina$2.19B-46%+67%30%9.6×2.1%-0.9%
Balrampur Chini Mills BALRAMCHIN.NSIndia$1.50B+28%+11%9%19.5×n/an/a
Trulieve Cannabis TRLVUnited States$2.23B+31%-4%14%31.1×13.5%+17.8%
Kernel KER.WAPoland$1.47B0%-1%5%5.4×8.0%-5.4%
B.F BFG.MIItaly$2.29B+56%+30%-2%84.3×n/an/a
AWL Agri Business AWL.NSIndia$2.30B-21%+18%2%17.6×13.4%+15.0%
China Modern Dairy 1117.HKHong Kong$1.37B+3%+5%-15%12.5×n/an/a
Beijing Shunxin Agriculture 000860.SZChina$1.36B-4%-20%-5%n/an/an/a

Questions

Who are BioMar Group A/S's main competitors?
Named competitors: Skretting (Nutreco) (private or unlisted), Cargill (aquafeed division) (private or unlisted), Cermaq (private or unlisted). The cockpit's measured peer set (industry) also includes Uie (UIE.CO), Beijing Dbn Technology (002385.SZ), Bumitama Agri (P8Z.SI), Yuan Longping High-Tech Agriculture (000998.SZ), Jiangsu Provincial Agricultural Reclamation & Dev (601952.SS), Tecon Biology (002100.SZ).
Is BioMar Group A/S expensive compared with its peers?
On forward p/e it trades at 13.0× against a peer median of 18.8×, 6th cheapest of 15 in its peer set. 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.
How has BioMar Group A/S stock performed?
Over six months to 6 Nov 2026 the shares returned -37.3% against -3.9% for the median peer; over one year -48.0%.

How these numbers are made. Returns are close-to-close in local currency. Revenue growth and margins are trailing twelve months. Req g is the revenue growth that today's enterprise value requires for seven years at the company's own cost of capital; Delivered g is what it actually grew; the gap is the hurdle (honest precision about ±8 points, so read the ranking more than the decimal). No fair values, price targets or analyst ratings are shown, by design. Method and validation.