Norway Royal Salmon AS (NRYYY)
For informational purposes only. Not financial advice. Analysis by Sedat ANAK, Founder & Editor-in-Chief | AI-powered analysis. Data sourced from SEC filings and institutional-grade financial providers. Editorially reviewed. Not financial advice.
Norway Royal Salmon AS (NRYYY) trades at $10.90. Norway Royal Salmon ASA (NRYYY) is a Norwegian company focused on the production, harvesting, and sale of salmon products. Operating as a subsidiary of SalMar ASA since November 2022, they export to 48 countries. Sector: Consumer defensive.
Price live · AI analysis from Mar 18, 2026Analyst Coverage for NRYYY: NRYYY does not currently have published analyst price targets in our coverage universe. This is common for smaller-cap names with limited Wall Street coverage. In the absence of analyst consensus, our AI model evaluates NRYYY against Consumer Defensive peers across nine fundamental dimensions and assigns an underweight signal based on the underlying data.
NRYYY: 1/1 perspectives are bearish.
How is this calculated? →Norway Royal Salmon AS (NRYYY) Consumer Business Overview
Norway Royal Salmon ASA, a subsidiary of SalMar ASA, is a Norwegian producer, harvester, and marketer of salmon products, including fresh, frozen, and smoked varieties, exporting to 48 countries. With a P/E ratio of 9.5 and a profit margin of 12.0%, the company operates within the consumer defensive sector.
What Is the Investment Thesis for NRYYY?
Norway Royal Salmon ASA presents a focused investment opportunity within the salmon production industry. The company's P/E ratio of 9.5 suggests a potentially undervalued position relative to its earnings. A profit margin of 12.0% and a gross margin of 20.9% reflect solid profitability. Key growth catalysts include increasing global demand for salmon and potential expansion into new markets. However, investors may want to evaluate risks such as fluctuating salmon prices and regulatory changes in the aquaculture industry. The company's beta of 0.16 indicates low volatility compared to the broader market. As a subsidiary of SalMar ASA, Norway Royal Salmon benefits from the resources and expertise of a larger organization.
Based on FMP financials and quantitative analysis
NRYYY Key Highlights
- P/E ratio of 9.5, indicating a potentially undervalued stock.
- Profit margin of 12.0%, reflecting solid profitability in the salmon production industry.
- Gross margin of 20.9%, showcasing efficient cost management in operations.
- Beta of 0.16, suggesting low volatility compared to the broader market.
- Operates as a subsidiary of SalMar ASA since November 2022, benefiting from the resources and expertise of a larger organization.
Who Are NRYYY's Competitors?
NRYYY is benchmarked below against 8 industry peers on price, market cap, and our AI MoonshotScore.
| Company | Price | Change | Market Cap | AI Score |
|---|---|---|---|---|
| AKEJF ARIAKE JAPAN Co., Ltd. | $34.00 | -8.36% | $1.08B | 52 |
| BKKVF Bakkavor Group plc | $1.73 | +6.79% | $1.03B | 45 |
| CEGHF China Education Group Holdings Limited | $0.41 | +0.00% | $1.16B | 52 |
| DNDPF Dundee Corporation | $14.50 | -2.68% | $1.29B | 42 |
| FNEVF Fraser and Neave, Limited | $1.10 | -3.51% | $1.60B | 51 |
| OISXF Oisix ra daichi Inc. | $9.97 | +33.47% | $346.29M | 64 |
| AVO Mission Produce, Inc. | $12.97 | +3.82% | $916.27M | 54 |
| BPPPF Bid Corporation Limited | $25.52 | +0.00% | $8.57B | 52 |
AI Score by Stock Expert AI · Price data: FMP / Yahoo Finance
What Are NRYYY's Key Strengths?
- Integrated value chain from smolt production to sales.
- Strong brand reputation in international markets.
- Access to high-quality salmon farming locations in Norway.
- Established export network to 48 countries.
What Are NRYYY's Weaknesses?
- Exposure to fluctuating salmon prices.
- Dependence on a single commodity (salmon).
- Vulnerability to disease outbreaks in salmon farms.
- Geographic concentration in Norway.
What Could Drive NRYYY Stock Higher?
- Increasing global demand for salmon, driven by health trends and rising incomes.
- Focus on sustainable aquaculture practices, attracting environmentally conscious consumers.
- Potential expansion into new geographic markets, particularly in Asia.
- Development of value-added salmon products, catering to changing consumer preferences.
- Strategic partnerships and acquisitions to expand market reach.
What Are the Key Risks for NRYYY?
- Fluctuations in salmon prices due to supply and demand imbalances.
- Disease outbreaks in salmon farms, leading to production losses.
- Stringent environmental regulations, increasing compliance costs.
- Climate change impacts on salmon farming, affecting production yields.
- Currency risk due to fluctuations in the Norwegian Krone against the U.S. Dollar.
What Are the Growth Opportunities for NRYYY?
- Expansion into new geographic markets: The global demand for salmon is increasing, particularly in Asia and emerging markets. Norway Royal Salmon ASA can capitalize on this trend by expanding its export operations and establishing distribution networks in these regions. This expansion could increase revenue by 15-20% over the next five years, driven by rising disposable incomes and changing dietary preferences.
- Development of value-added products: Offering processed salmon products, such as ready-to-eat meals and smoked salmon, can increase profit margins and cater to changing consumer preferences. Investing in product development and marketing these value-added products could increase revenue by 10-15% within three years, as consumers seek convenient and healthy meal options.
- Enhancing sustainable aquaculture practices: Consumers are increasingly concerned about the environmental impact of food production. By investing in sustainable aquaculture practices, such as closed-containment systems and reducing reliance on wild fish feed, Norway Royal Salmon ASA can differentiate itself and attract environmentally conscious consumers. This could lead to a 5-10% increase in sales within two years.
- Strengthening supply chain efficiency: Optimizing the supply chain, from smolt production to final distribution, can reduce costs and improve profitability. Implementing advanced technologies, such as data analytics and automation, can streamline operations and enhance efficiency. This could result in a 5-7% reduction in operating costs over the next three years.
- Strategic partnerships and acquisitions: Collaborating with other companies in the seafood industry, such as distributors and retailers, can expand market reach and access new customer segments. Acquiring smaller salmon producers can increase production capacity and market share. These strategic initiatives could contribute to a 10-15% increase in revenue within five years.
What Opportunities Does NRYYY Have?
- Expansion into new geographic markets, particularly in Asia.
- Development of value-added salmon products.
- Adoption of sustainable aquaculture practices.
- Strategic partnerships with distributors and retailers.
What Threats Does NRYYY Face?
- Increasing competition from other salmon producers.
- Stringent environmental regulations.
- Climate change impacts on salmon farming.
- Trade barriers and tariffs.
What Are NRYYY's Competitive Advantages?
- Integrated value chain: Control over the entire production process from smolt to sale.
- Established brand reputation: Known for quality salmon products in international markets.
- Access to Norwegian fjords: Benefit from optimal conditions for salmon farming.
What Does NRYYY Do?
Founded in 1992 and headquartered in Trondheim, Norway, Norway Royal Salmon ASA (NRYYY) specializes in the production, harvesting, and sale of salmon products. The company's offerings include fresh and frozen salmon fish, round fish, fillets, portions, and smoked and marinated products. These products are exported to 48 countries, demonstrating a significant international presence. Norway Royal Salmon ASA operates as a subsidiary of SalMar ASA since November 7, 2022. The company manages the entire value chain from smolt production to the final sale of salmon products, ensuring quality control and efficiency. This integrated approach allows them to cater to diverse customer needs and maintain a competitive edge in the global salmon market. The company's focus on sustainability and responsible aquaculture practices is increasingly important in meeting consumer demand for ethically sourced seafood. With 273 employees, Norway Royal Salmon ASA contributes to the food distribution industry within the consumer defensive sector.
What Products and Services Does NRYYY Offer?
- Produces smolt and salmon.
- Harvests salmon.
- Sells fresh and frozen salmon fish.
- Markets round fish, fillet, and portions.
- Offers smoked and marinated salmon products.
- Exports salmon products to 48 countries.
How Does NRYYY Make Money?
- Integrated salmon production: Manages the entire value chain from smolt to finished product.
- Global export: Sells salmon products to 48 countries worldwide.
- Product diversification: Offers a range of salmon products, including fresh, frozen, and smoked varieties.
What Industry Does NRYYY Operate In?
Norway Royal Salmon ASA operates within the global food distribution industry, specifically focusing on salmon production. The market is characterized by increasing demand for seafood, driven by health-conscious consumers and a growing global population. The competitive landscape includes companies like AKEJF (Akva Group), BKKVF (Bakkafrost P/F), CEGHF (Cermaq Group AS), DNDPF (Grieg Seafood ASA), and FNEVF (Leroy Seafood Group ASA). These companies compete on factors such as production volume, product quality, and geographic reach. The industry is also subject to environmental regulations and sustainability concerns, which impact production practices and costs.
Who Are NRYYY's Key Customers?
- Retail consumers: Individuals purchasing salmon products for personal consumption.
- Restaurants and foodservice providers: Businesses serving salmon dishes to customers.
- Wholesale distributors: Companies that distribute salmon products to retailers and foodservice providers.
Company Profile
Norway Royal Salmon AS operates in the Food Distribution industry within the Consumer Defensive sector. It is headquartered in Trondheim, NO. The company is led by CEO Charles Høstlund. NRYYY has traded publicly since 2019.
ROE 21%Key Financial Metrics
Return on equity for Norway Royal Salmon AS stands at 20.5%, a gauge of how efficiently it converts shareholder capital into profit. Return on assets is 9.0%, showing how much profit it generates from its asset base. NRYYY trades at a trailing price-to-earnings ratio of 9.48, below the Consumer Defensive sector average of ~29x. A current ratio of 2.07 indicates the company holds enough short-term assets to cover its near-term obligations. Its earnings yield is 10.6%, the inverse of the P/E and a quick read on earnings relative to price.
NRYYY Financials
Fundamental Snapshot
Based on FMP financials and quantitative analysis
Bull Case vs Bear Case
Bull Case
- Integrated value chain from smolt production to sales.
- Strong brand reputation in international markets.
- Access to high-quality salmon farming locations in Norway.
- Established export network to 48 countries.
Bear Case
- Exposure to fluctuating salmon prices.
- Dependence on a single commodity (salmon).
- Vulnerability to disease outbreaks in salmon farms.
- Geographic concentration in Norway.
AI-generated arguments based on insider flow, news sentiment and technicals — not financial advice · July 2026
NRYYY Latest News
No recent news available for NRYYY.
NRYYY Analyst Consensus
Consensus Rating
Aggregated Buy/Hold/Sell recommendations from Benzinga, Yahoo Finance, and Finnhub for NRYYY.
Price Targets
Wall Street price target analysis for NRYYY.
NRYYY MoonshotScore
What does this score mean?
The MoonshotScore rates NRYYY's growth potential on a scale of 0-100 across multiple factors including innovation, market disruption, financial health, and momentum.
Leadership: Charles Høstlund
CEO
Charles Høstlund serves as the CEO of Norway Royal Salmon ASA, leading a team of 273 employees. His background includes extensive experience in the aquaculture industry, with a focus on salmon production and international sales. He has held various leadership positions in the seafood sector, demonstrating a strong understanding of the market dynamics and operational challenges. His expertise spans from production management to strategic planning, making him well-suited to guide Norway Royal Salmon ASA in a competitive global market. He is responsible for overseeing the company's operations, driving growth, and ensuring sustainable practices.
Track Record: Under Charles Høstlund's leadership, Norway Royal Salmon ASA has focused on expanding its international presence and enhancing its product offerings. He has overseen the implementation of sustainable aquaculture practices and the optimization of the company's supply chain. A key achievement has been maintaining profitability despite fluctuating salmon prices. Since November 2022, the company has operated as a subsidiary of SalMar ASA.
Norway Royal Salmon AS ADR Information Unsponsored
An American Depositary Receipt (ADR) is a certificate representing shares of a foreign company trading on U.S. stock exchanges. NRYYY is traded as an ADR, allowing U.S. investors to invest in Norway Royal Salmon ASA without directly dealing with foreign exchanges. The ADR represents a specific number of underlying shares held by a custodian bank in the company's home country, Norway.
- Home Market Ticker: Oslo Stock Exchange (OSE), Norway
- ADR Level: 1
- ADR Ratio: 1:1
- Home Market Ticker: NRYY
NRYYY OTC Market Information
The OTC Other tier represents the lowest tier of the over-the-counter (OTC) market. Companies trading on this tier typically have limited or no reporting requirements, making it difficult for investors to obtain reliable financial information. Unlike companies listed on major exchanges like the NYSE or NASDAQ, OTC Other companies are not subject to stringent listing standards or regulatory oversight. This lack of transparency and regulation increases the risk associated with investing in OTC Other stocks.
- OTC Tier: OTC Other
- Disclosure Status: Unknown
- Limited financial disclosure: Lack of readily available financial information increases investment risk.
- Low trading volume: Limited liquidity can make it difficult to buy or sell shares.
- Price volatility: OTC stocks are often subject to significant price swings.
- Regulatory uncertainty: OTC companies are subject to less regulatory oversight.
- Potential for fraud: Increased risk of fraudulent activity due to limited scrutiny.
- Verify the company's registration and legal status.
- Assess the company's management team and track record.
- Review any available financial statements and disclosures.
- Research the company's industry and competitive landscape.
- Evaluate the company's business model and growth prospects.
- Understand the risks associated with investing in OTC stocks.
- Consult with a financial advisor before making any investment decisions.
- Subsidiary of SalMar ASA: Being part of a larger, established company provides some reassurance.
- Established business operations: Norway Royal Salmon ASA has been in operation since 1992.
- International presence: Exports to 48 countries indicate a degree of market acceptance.
What Investors Ask About Norway Royal Salmon AS (NRYYY) — Consumer Defensive
What does Norway Royal Salmon AS do?
Norway Royal Salmon ASA is a Norwegian company that produces, harvests, and sells salmon products. They manage the entire value chain from smolt production to the final sale of fresh, frozen, and smoked salmon. The company exports its products to 48 countries, catering to retail consumers, restaurants, and wholesale distributors. As a subsidiary of SalMar ASA, Norway Royal Salmon ASA benefits from the resources and expertise of a larger organization within the seafood industry.
What do analysts say about NRYYY stock?
As an OTC-traded ADR, NRYYY may have limited analyst coverage. Investors should focus on the company's financial performance, industry trends, and competitive positioning to assess its investment potential. Key metrics to consider include the P/E ratio, profit margin, and gross margin. Growth considerations include the increasing global demand for salmon and the company's ability to expand into new markets. Investors should also be aware of the risks associated with OTC trading and currency fluctuations.
What are the main risks for NRYYY?
The main risks for Norway Royal Salmon ASA include fluctuating salmon prices, which can impact profitability. Disease outbreaks in salmon farms can lead to production losses and increased costs. Stringent environmental regulations require ongoing investment in sustainable aquaculture practices. Climate change poses a long-term threat to salmon farming. As an ADR, NRYYY is also subject to currency risk due to fluctuations in the Norwegian Krone against the U.S. Dollar. Investing in OTC stocks carries additional risks related to liquidity and transparency.
What are the key factors to evaluate for NRYYY?
Evaluate NRYYY on fundamentals, analyst consensus, and risk factors. P/E: 9.5x vs the S&P 500's ~20-25x. Not financial advice.
How frequently does NRYYY data refresh on this page?
NRYYY prices update in real time during U.S. market hours. Fundamentals refresh after quarterly filings; analyst ratings and AI insights update daily; news is aggregated continuously.
What has driven NRYYY's recent stock price performance?
Norway Royal Salmon AS (NRYYY) moves on earnings results, analyst revisions, sector rotation, and market sentiment. Notable catalyst: Integrated value chain from smolt production to sales. See the News tab for the latest drivers. Past performance does not predict future results.
Should investors consider NRYYY overvalued or undervalued right now?
Norway Royal Salmon AS (NRYYY) trades at 9.5x earnings. Compare P/E, P/S, and EV/EBITDA against sector peers for a full view.
What research should beginners do before buying NRYYY?
Before investing in Norway Royal Salmon AS (NRYYY), research these four areas: (1) the company's revenue model and competitive position (see Company Overview), (2) financial health through revenue growth, margins, and cash flow (see MoonshotScore), (3) what Wall Street analysts recommend and their price targets (see Analyst tab), and (4) specific risk factors that could impact the stock (see Risk Factors section).
Disclaimer: This content is for informational purposes only and does not constitute investment advice. Always do your own research and consult a financial advisor.
Official Resources
Data provided for informational purposes only.
- Limited information available for OTC-traded companies.
- AI analysis pending for NRYYY.