AS MØRE CODFISH COMP
Score · fiscal year 2025
71of 100
How to read this: the company is ahead of 89 % of companies in the Morning class Large in the same sector in 2025. What does this mean?
Rank in the Morning class Large: 13 of 111 · What are Morning company classes?
Place in the whole sector: 238 of 2,232 · Sjømat
Profile
Lion · Leader
High profitability, high solidity
Position against comparable companies in 2025, not a verdict on the company. Based on profitability 57 and solidity 99 out of 100 among companies in the Morning class Large in the same sector in 2025. Methodology
Against the sector
AS MØRE CODFISH COMP is 20 points above the median for companies in the Morning class Large in the same sector in 2025.
Median score 51 among 111 companies.
Against companies in the Morning class Large in the same sector in 2025: operating margin 3.0% (median 4.9%) and equity ratio 81.0% (median 39.0%).
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 866 MNOK | 1,059 MNOK |
| Operating margin | 3.0% | 4.9% |
| Profit margin | 3.0% | 3.6% |
| Return on assets | 12.6% | 7.1% |
| Equity ratio | 81.0% | 39.0% |
| Debt-to-equity | 0.23 | 1.56 |
| Current ratio | 5.02 | 1.56 |
| Revenue growth | −5.3% | 7.4% |
| Revenue per employee | 37.66 MNOK | 11.39 MNOK |
The median and “ahead of” refer to companies in the Morning class Large in the same sector in 2025. The bar shows the share of companies the figure is ahead of.
With an index of 71, AS MØRE CODFISH COMP does better than 89% of companies in the Morning class Large in the same sector (111 companies) in 2025.
Score 2023–2025
- AS MØRE CODFISH COMP
- Median: companies in the Morning class Large in the same sector
AS MØRE CODFISH COMP has a score of 71 for 2025, rank 238 of 2,232 in the sector.
Strongest: Solidity: percentile 99 against peers, equity ratio 81.0% against a median of 39.0%. Liquidity: percentile 93 against peers, current ratio 5.02 against a median of 1.56.
Weakest: Growth: percentile 22 against peers, revenue growth −5.3% against a median of 7.4%.
Worth a closer look
- What lies behind weak growth, and will it last?
Written by fixed rules from the figures. Describes the figures, does not explain causes. Not investment or financial advice. How the summary is made
What the numbers say
AS MØRE CODFISH COMP had an operating margin of 3.0% and an equity ratio of 81.0% in 2025, and ranks 238 of 2,232 in Sjømat.
No large changes in the key figures from 2024 to 2025.
This text is generated automatically from the 2025 accounts.
Three simple methods
The methods give between 170 MNOK and 233 MNOK.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 10.0 | 203 MNOK |
| EV/EBIT | 8.0 | 233 MNOK |
| P/B | 1.0 | 170 MNOK |
A mechanical estimate from public accounts, not advice. Mechanical estimate from public accounts with fixed multiples. Not a valuation and not advice to buy or sell. The multiples are provisional default values and must be adjusted per sector before the figures are used for anything. See the calculation
Worth a closer look
No rules were triggered for this year.
Indications based on the latest annual accounts from open data. Not investment or financial advice.
Financial costs were 1.4% of the debt in 2025. The policy rate averaged 4.30 % the same year. This is a plain description of what the debt cost, not a model of interest sensitivity.
See interest rates, prices and exchange rates for the sector
Data quality
No anomalies found in the figures.
Scenario analysis: the sector's weakest year
We have no accounts for 2022, the sector's weakest year, for this company.
The sector's weakest year was 2022, with a median operating margin of −0.5%. Based on the 10 fiscal years we have. The analysis grows as more years are fetched or imported. Methodology
What the score is made of
| Profitability | 57 | weight 30% |
|---|---|---|
| Solidity | 99 | weight 25% |
| Liquidity | 93 | weight 15% |
| Growth | 22 | weight 15% |
| Consistency | 79 | weight 15% |
Durability: 73 (average over 3 years)
Index version 2. Data completeness 100%: the share of the weights that had data.
Questions and answers
How profitable is AS MØRE CODFISH COMP?
The operating margin was 3.0% in 2025, against a median of 4.9% among companies in the Morning class Large in the same sector. Return on assets was 12.6%.
How solid is AS MØRE CODFISH COMP?
The equity ratio was 81.0% in 2025 (median 39.0%). Debt-to-equity was 0.23 (median 1.56).
What is the liquidity of AS MØRE CODFISH COMP like?
The current ratio was 5.02 in 2025 (median 1.56).
How does AS MØRE CODFISH COMP compare in Sjømat?
AS MØRE CODFISH COMP ranks 238 of 2,232 in Sjømat for 2025. Among companies in the Morning class Large it is number 13 of 111. Revenue changed by −5.3% from the year before.
From the Central Coordinating Register
- Org. no.
- 914499151
- Legal form
- AS
- Sector
- Sjømat (10.201)
- Morning company class
- Large
- Employees
- 23 registered 10 October 2026
- Founded
- 27 March 1956 70 years in operation
- Share capital
- 2.00 MNOK
- Business address
- Gustav Stokkes veg 21, 6057 ELLINGSØY (ÅLESUND)
- Municipality
- Ålesund rank 2–6 of 10 in KOSTRA group 11
- Latest accounts filed
- 2025
- Website
- www.codfish.no
- LEI
- 549300YK0H3HIZIQWI08 renews 24 September 2027
Source: Central Coordinating Register, Brønnøysund Register Centre. The employee count is reported by the company and may be older than the accounts. See the company at the Brønnøysund Register Centre
Ownership and roles
- Chief executive
- Nils Helge Aarseth
- Chair of the board
- Nils Helge Aarseth
- Board member
- Kjetil Tennfjord Aarseth
- Board member
- Susanne Tennfjord Aarseth
- Auditor
- BDO AS
- Accountant
- AZETS INSIGHT AS
Source: Central Coordinating Register, fetched 29 October 2026. Only names are shown.
- Parent company
- GUSTAV STOKKE HOLDING AS (Norway)
Source: GLEIF (Global Legal Entity Identifier Foundation), fetched 30 October 2026. The parent is the one the company itself reported to GLEIF.
Owners and shareholdings will appear here once the shareholder data extract is in place.
Coming · not built yet
Error in the data?
Do you see an error in the figures or in how the company is mapped (sector, holding, group)? Let us know. Corrections require documentation.
Figures last fetched 26 October 2026.
Year by year · 2023–2025
| Key figure | 2023 | 2024 | 2025 | Trend |
|---|---|---|---|---|
| Index | 76 | 72 | 71 | |
| Rank | 234 | 229 | 238 | |
| Operating margin | 3.1% | 3.9% | 3.0% | |
| Return on assets | 16.3% | 18.9% | 12.6% | |
| Equity ratio | 75.9% | 81.1% | 81.0% | |
| Current ratio | 3.88 | 4.99 | 5.02 | |
| Revenue growth | – | 3.6% | −5.3% |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | 883.1 MNOK | 915.1 MNOK | 866.2 MNOK |
| Operating profit | 27.0 MNOK | 35.6 MNOK | 26.2 MNOK |
| Profit before tax | 24.8 MNOK | 34.5 MNOK | 26.0 MNOK |
| Net profit | 19.3 MNOK | 26.9 MNOK | 20.3 MNOK |
| Financial expenses | 2.3 MNOK | 1.1 MNOK | 0.5 MNOK |
| Total assets | 166.3 MNOK | 188.7 MNOK | 210.1 MNOK |
| Current assets | 151.6 MNOK | 171.4 MNOK | 193.7 MNOK |
| Equity | 126.2 MNOK | 153.1 MNOK | 170.3 MNOK |
| Retained earnings | 97.2 MNOK | 124.1 MNOK | 141.3 MNOK |
| Total liabilities | 40.2 MNOK | 35.6 MNOK | 39.9 MNOK |
| Current liabilities | 39.0 MNOK | 34.3 MNOK | 38.6 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 26 October 2026, accounts id 7105997.
Further
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