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Last 98.10 NOK
Change Today -0.30 / -0.30%
Volume 1.6M
MHG On Other Exchanges
Symbol
Exchange
Oslo
OTC US
New York
Stockholm
Frankfurt
As of 10:25 AM 08/28/15 All times are local (Market data is delayed by at least 15 minutes).

marine harvest (MHG) Snapshot

Open
98.85 NOK
Previous Close
98.40 NOK
Day High
99.15 NOK
Day Low
97.55 NOK
52 Week High
01/19/15 - 105.99 NOK
52 Week Low
10/16/14 - 75.50 NOK
Market Cap
44.2B
Average Volume 10 Days
2.3M
EPS TTM
1.87 NOK
Shares Outstanding
450.1M
EX-Date
08/21/15
P/E TM
52.4x
Dividend
5.20 NOK
Dividend Yield
4.99%
Current Stock Chart for MARINE HARVEST (MHG)

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marine harvest (MHG) Details

Marine Harvest ASA produces and sells farmed salmon products worldwide. It operates through Feed, Farming, and Sales and Marketing business areas. The company is involved in the fish feed production; and fish farming and processing activities. It offers whole gutted fish, Label Rouge salmon fish, salmon fish, white fish, coated seafood, smoked seafood, elaborated seafood, and other seafood products, as well as fish steaks, cutlets, portions, loins, kebabs, and steak combos. The company also provides value added products, such as fish breaded, pre-fried, dusted, marinated, grilled, battered, topped, filled with sauce, fresh fish ready meals, smoked fish, and delicatessen products. The company was founded in 1965 and is headquartered in Bergen, Norway.

11,700 Employees
Last Reported Date: 08/12/15
Founded in 1965

marine harvest (MHG) Top Compensated Officers

Chief Executive Officer
Total Annual Compensation: 12.0M NOK
Chief Financial Officer
Total Annual Compensation: 5.7M NOK
Chief Operating Officer of Farming
Total Annual Compensation: 4.6M NOK
Chief Operating Officer of Fish Feed Business...
Total Annual Compensation: 2.1M NOK
Communication Director
Total Annual Compensation: 1.4M NOK
Compensation as of Fiscal Year 2014.

marine harvest (MHG) Key Developments

Marine Harvest ASA Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2015; Reports Impairment Losses for the Second Quarter Ended June 30, 2015, Provides Earnings Guidance for the Year 2015

Marine Harvest ASA reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2015. For the quarter, the company reported revenues were NOK 6,579.3 million against NOK 6,565.1 million a year ago. Loss before financial items (LBIT) was NOK 57.8 million against earnings of NOK 209.7 million a year ago. Earnings for the period, continued operations were NOK 35.4 million against loss of NOK 338.6 million a year ago. Profit or loss for the period attributable to owners of Marine Harvest ASA was NOK 35.0 million or NOK 0.08 basic and diluted per share against loss of NOK 143.5 million or NOK 0.35 basic and diluted per share a year ago. Cash flow from operations was NOK 729.3 million against NOK 1,324.3 million a year ago. Payments made for purchase of fixed assets was NOK 435.3 million against NOK 340.5 million a year ago. Lower operational EBIT due to weaker prices, higher biological costs and lower volumes. Net cash flow per share was NOK 1.18 and underlying earnings per share of NOK 1.10. Operational EBIT amounted to NOK 719 million in the quarter compared to NOK 1,220 million a year ago. Operational EBITDA amounted to NOK 1,024 million in the quarter compared to NOK 1,445 million a year ago. Net capex was NOK 421 million compared to NOK 334 million a year ago. For the six-month period, the company reported revenues were NOK 12,997.1 million against NOK 12,435.9 million a year ago. Earnings before financial items (EBIT) were NOK 194.8 million against NOK 1,195.6 million a year ago. Earnings for the period, continued operations were NOK 382.8 million against NOK 398.2 million a year ago. Profit or loss for the period attributable to owners of Marine Harvest ASA was NOK 380.2 million or NOK 0.88 basic and diluted per share against NOK 625.6 million or NOK 1.52 basic and diluted per share a year ago. Cash flow from operations was NOK 1,265.9 million against NOK 2,534.9 million a year ago. Payments made for purchase of fixed assets was NOK 960.2 million against NOK 742.9 million a year ago. Lower operational EBIT due to weaker prices, higher biological costs and lower volumes. Net cash flow per share was NOK 0.91 and underlying earnings per share of NOK 2.35. Net interest-bearing debt (NIBD) was NOK 7,685 million. Operational EBIT amounted to NOK 1,550 million in the quarter compared to NOK 2,310 million a year ago. Operational EBITDA amounted to NOK 2,154 million in the quarter compared to NOK 2,761 million a year ago. The company reported impairment losses for the second quarter ended June 30, 2015 was NOK 27.6 million. The company provided earnings guidance for the year 2015. The company expects net income of NOK 25 million to NOK 30 million. Earnings per share to be NOK 0.55 to NOK 0.65.

MH Consumer Products Reports Earnings Results for the Second Quarter of 2015

MH Consumer Products reported earnings results for the second quarter of 2015. For the quarter, the company reported operating revenues were NOK 2,267 million against NOK 2,211 million a year ago. Operational EBIT was NOK 48 million against NOK 20 million a year ago. The operational performance of MH Consumer Products showed slight improvement in the second quarter due to higher efficiency and improved capacity utilization during a low season quarter.

MH Farming Reports Earnings Results for the Second Quarter of 2015

MH Farming reported earnings results for the second quarter of 2015. For the quarter, the company reported operating revenues were NOK 4,230 million against NOK 4,442 million a year ago. Operational EBIT was NOK 551 million against NOK 1,118 million a year ago. LBIT was NOK 200 million against EBIT of NOK 318 million a year ago.

 

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Industry Analysis

MHG

Industry Average

Valuation MHG Industry Range
Price/Earnings 54.9x
Price/Sales 1.6x
Price/Book 2.3x
Price/Cash Flow 23.1x
TEV/Sales 1.3x
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