Mowi’s stock has surged over the past year and is currently trading at right around the 52-week high at a price level of 212.20 NOK. The stock has gained over 30% during the past 52-weeks, and offers a nice 1.39% dividend yield to its shareholders. Mowi has commercial seafood harvesting operations around the world including Norway, Scotland, Canada, Ireland, and Chile, and owns a 25-30% market share of the global trout and salmon harvesting industry. This makes Mowi the largest farmed fish harvesting firm in the world!
Final Verdict on Mowi: Mowi certainly has a nice industry moat and a product that is in high demand around the world. For the global leader in farmed salmon, halibut, and trout, amongst others, the stock is reasonably priced with a decent operating and profit margin already in place. The balance sheet could be better, as Mowi carries a lot of debt for a company that is so well established in its space. Still, Mowi has a tremendous opportunity moving forward as long as it continues to execute in an ethical way that does not endanger local wildlife. At its current valuation, Mowi is a great investment for the future, especially considering it pays a healthy dividend as well.