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Norcod AS is engaged in the business of commercial farming and selling Atlantic cod in marine facilities. The company serves customers world-wide. Its production is based in its natural cold-water habitat along the coast of Central and Northern Norway. The company’s operating revenue is derived mainly from the sale of cod. The company has two operating segments: Farming, Includes activities related to fish farming operations from juvenile to harvest-ready biomass and sale of cod and liver in Norway and for export through the sales agent Sirena Group; and Harvesting, Includes harvesting activities, where farming generates maximum revenue.
2018
90
Last FY Revenue $39.5M
Last FY EBITDA -$17.3M
$108M
Benchmark forward-looking revenue and EBITDA valuation multiples across generative AI, climate tech, semiconductors, online marketplaces, vertical SaaS and 220 more verticals.
In the most recent fiscal year, Norcod achieved revenue of $39.5M and an EBITDA of -$17.3M.
Norcod expects next 12-month revenue of XXX and NTM EBITDA of XXX
See Norcod valuation multiples based on analyst estimates| NTM | Last FY | FY 2025 | FY 2026 | FY 2027 | |
|---|---|---|---|---|---|
| Revenue | XXX | $39.5M | XXX | XXX | XXX |
| Gross Profit | XXX | $4.2M | XXX | XXX | XXX |
| Gross Margin | XXX | 11% | XXX | XXX | XXX |
| EBITDA | XXX | -$17.3M | XXX | XXX | XXX |
| EBITDA Margin | XXX | -44% | XXX | XXX | XXX |
| EBIT | XXX | -$20.4M | XXX | XXX | XXX |
| EBIT Margin | XXX | -52% | XXX | XXX | XXX |
| Net Profit | XXX | -$23.4M | XXX | XXX | XXX |
| Net Margin | XXX | -59% | XXX | XXX | XXX |
| Net Debt | XXX | $20.2M | XXX | XXX | XXX |
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As of July 4, 2025, Norcod's stock price is NOK 15 (or $2).
Norcod has current market cap of NOK 884M (or $87.9M), and EV of NOK 1.1B (or $108M).
See Norcod trading valuation data| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $108M | $87.9M | XXX | XXX | XXX | XXX | n/a |
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Start Free TrialAs of July 4, 2025, Norcod has market cap of $87.9M and EV of $108M.
Norcod's trades at 2.7x EV/Revenue multiple, and -6.2x EV/EBITDA.
Equity research analysts estimate Norcod's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Norcod's P/E ratio is not available.
See valuation multiples for Norcod and 12K+ public comps| LTM | NTM | Last FY | FY 2025 | FY 2026 | FY 2027 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $87.9M | XXX | $87.9M | XXX | XXX | XXX |
| EV (current) | $108M | XXX | $108M | XXX | XXX | XXX |
| EV/Revenue | n/a | XXX | 2.7x | XXX | XXX | XXX |
| EV/EBITDA | n/a | XXX | -6.2x | XXX | XXX | XXX |
| EV/EBIT | n/a | XXX | -5.3x | XXX | XXX | XXX |
| EV/Gross Profit | n/a | XXX | n/a | XXX | XXX | XXX |
| P/E | n/a | XXX | -3.8x | XXX | XXX | XXX |
| EV/FCF | n/a | XXX | -5.4x | XXX | XXX | XXX |
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Access all public comps and forward-looking valuation multiples like EV/Revenue in 2025, based on equity research analyst estimates.
Start Free TrialNorcod's revenue per employee in the last FY averaged $0.4M, while opex per employee averaged $0.3M for the same period.
Norcod's rule of 40 is unknown (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
Norcod's rule of X is unknown (created by Bessemer, rule of X is another metric relevant for SaaS companies only, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).
See operational valuation multiples for Norcod and other 12K+ public comps| LTM | NTM | Last FY | FY 2025 | FY 2026 | FY 2027 | |
|---|---|---|---|---|---|---|
| Revenue Growth | n/a | XXX | n/a | XXX | XXX | XXX |
| EBITDA Margin | n/a | XXX | -44% | XXX | XXX | XXX |
| EBITDA Growth | n/a | XXX | n/a | XXX | XXX | XXX |
| Rule of 40 | n/a | XXX | n/a | XXX | XXX | XXX |
| Bessemer Rule of X | XXX | XXX | n/a | XXX | XXX | XXX |
| Revenue per Employee | XXX | XXX | $0.4M | XXX | XXX | XXX |
| Opex per Employee | XXX | XXX | $0.3M | XXX | XXX | XXX |
| S&M Expenses to Revenue | XXX | XXX | 13% | XXX | XXX | XXX |
| G&A Expenses to Revenue | XXX | XXX | n/a | XXX | XXX | XXX |
| R&D Expenses to Revenue | XXX | XXX | n/a | XXX | XXX | XXX |
| Opex to Revenue | XXX | XXX | 62% | XXX | XXX | XXX |
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Benchmark public comps and private revenue and EBITDA valuation multiples across GRC software, cloud infrastructure, DevOps, online marketplaces and so much more!
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| 2025E | 2026E | 2027E | 2025E | 2026E | 2027E | |
| Fertiglobe | XXX | XXX | XXX | XXX | XXX | XXX |
| Hydratec Industries | XXX | XXX | XXX | XXX | XXX | XXX |
| Brazil Potash | XXX | XXX | XXX | XXX | XXX | XXX |
| House of Agriculture | XXX | XXX | XXX | XXX | XXX | XXX |
| Gujarat State Fertilizers & Chemicals | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc.
Norcod acquired XXX companies to date.
Last acquisition by Norcod was XXXXXXXX, XXXXX XXXXX XXXXXX . Norcod acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX ).
See M&A valuation multiples| Acquired Company | EV | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
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Start Free Trial| When was Norcod founded? | Norcod was founded in 2018. |
| Where is Norcod headquartered? | Norcod is headquartered in Norway. |
| How many employees does Norcod have? | As of today, Norcod has 90 employees. |
| Who is the CEO of Norcod? | Norcod's CEO is Mr. Christian Riber. |
| Is Norcod publicy listed? | Yes, Norcod is a public company listed on OSL. |
| What is the stock symbol of Norcod? | Norcod trades under NCOD ticker. |
| When did Norcod go public? | Norcod went public in 2020. |
| Who are competitors of Norcod? | Similar companies to Norcod include e.g. Fertiglobe, Hydratec Industries, Brazil Potash, House of Agriculture. |
| What is the current market cap of Norcod? | Norcod's current market cap is $87.9M |
| Is Norcod profitable? | Yes, Norcod is EBITDA-positive (as of the last 12 months). |
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