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Nordic Aqua Partners Valuation Multiples
Discover revenue and EBITDA valuation multiples for Nordic Aqua Partners and similar public comparables like T&G Global, Boa Safra, Brazil Potash, Gradus and more.
Nordic Aqua Partners Overview
About Nordic Aqua Partners
Nordic Aqua Partners AS operates in the seafood industry. The company is a land-based Atlantic Salmon farming company, using technology and expertise to set up the first fully integrated and commercially scaled Recirculating Aquaculture System ("RAS") farm for Atlantic Salmon in China. The company's planning is to deliver fresh and locally farmed Atlantic Salmon to China.
Founded
2016
HQ

Employees
128
Website
Sectors
Financials (LTM)
EV
$246M
Nordic Aqua Partners Financials
Nordic Aqua Partners reported last 12-month revenue of $27M and negative EBITDA of ($4M).
In the same LTM period, Nordic Aqua Partners generated $11M in gross profit, ($4M) in EBITDA losses, and had net loss of ($15M).
Revenue (LTM)
Nordic Aqua Partners P&L
In the most recent fiscal year, Nordic Aqua Partners reported revenue of $15M and EBITDA of ($9M).
Nordic Aqua Partners expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $27M | XXX | $15M | XXX | XXX | XXX |
| Gross Profit | $11M | XXX | $16M | XXX | XXX | XXX |
| Gross Margin | 41% | XXX | 107% | XXX | XXX | XXX |
| EBITDA | ($4M) | XXX | ($9M) | XXX | XXX | XXX |
| EBITDA Margin | (14%) | XXX | (62%) | XXX | XXX | XXX |
| EBIT Margin | (41%) | XXX | (98%) | XXX | XXX | XXX |
| Net Profit | ($15M) | XXX | ($19M) | XXX | XXX | XXX |
| Net Margin | (57%) | XXX | (127%) | XXX | XXX | XXX |
| Net Debt | — | — | $21M | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
Nordic Aqua Partners Stock Performance
Nordic Aqua Partners has current market cap of $186M, and enterprise value of $246M.
Market Cap Evolution
Nordic Aqua Partners' stock price is $8.75.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $246M | $186M | -1.2% | XXX | XXX | XXX | $-0.91 |
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Start Free TrialNordic Aqua Partners Valuation Multiples
Nordic Aqua Partners trades at 9.1x EV/Revenue multiple, and (63.5x) EV/EBITDA.
EV / Revenue (LTM)
Nordic Aqua Partners Financial Valuation Multiples
As of April 18, 2026, Nordic Aqua Partners has market cap of $186M and EV of $246M.
Equity research analysts estimate Nordic Aqua Partners' 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Nordic Aqua Partners has a P/E ratio of (12.1x).
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $186M | XXX | $186M | XXX | XXX | XXX |
| EV (current) | $246M | XXX | $246M | XXX | XXX | XXX |
| EV/Revenue | 9.1x | XXX | 16.2x | XXX | XXX | XXX |
| EV/EBITDA | (63.5x) | XXX | (26.1x) | XXX | XXX | XXX |
| EV/EBIT | (22.2x) | XXX | (16.5x) | XXX | XXX | XXX |
| EV/Gross Profit | 22.2x | XXX | 15.2x | XXX | XXX | XXX |
| P/E | (12.1x) | XXX | (9.6x) | XXX | XXX | XXX |
| EV/FCF | (4.8x) | XXX | (4.6x) | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified Nordic Aqua Partners Valuation Multiples
Access all public comps and forward-looking valuation multiples like EV/Revenue in 2027, based on consensus analyst estimates. Powered by FactSet and Morningstar.


Nordic Aqua Partners Margins & Growth Rates
Nordic Aqua Partners' revenue in the last 12 month grew by 144%.
Nordic Aqua Partners' revenue per employee in the last FY averaged $0.1M, while opex per employee averaged $0.2M for the same period.
Nordic Aqua Partners' rule of 40 is 278% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
Nordic Aqua Partners' rule of X is 669% (created by Bessemer, rule of X is another metric to measure SaaS companies, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).
Nordic Aqua Partners Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 144% | XXX | 261% | XXX | XXX | XXX |
| EBITDA Margin | (14%) | XXX | (62%) | XXX | XXX | XXX |
| EBITDA Growth | (519%) | XXX | (199%) | XXX | XXX | XXX |
| Rule of 40 | — | XXX | 278% | XXX | XXX | XXX |
| Bessemer Rule of X | — | XXX | 669% | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $0.1M | XXX | XXX | XXX |
| Opex per Employee | — | XXX | $0.2M | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 205% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Nordic Aqua Partners Public Comps
See public comps and valuation multiples for other Agriculture comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| Nordic Aqua Partners | XXX | XXX | XXX | XXX | XXX | XXX |
| T&G Global | XXX | XXX | XXX | XXX | XXX | XXX |
| Boa Safra | XXX | XXX | XXX | XXX | XXX | XXX |
| Brazil Potash | XXX | XXX | XXX | XXX | XXX | XXX |
| Gradus | XXX | XXX | XXX | XXX | XXX | XXX |
| Gobarto | 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.
Nordic Aqua Partners M&A Activity
Nordic Aqua Partners acquired XXX companies to date.
Last acquisition by Nordic Aqua Partners was on XXXXXXXX, XXXXX. Nordic Aqua Partners acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by Nordic Aqua Partners
| Acquired Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialNordic Aqua Partners Investment Activity
Nordic Aqua Partners invested in XXX companies to date.
Nordic Aqua Partners made its latest investment on XXXXXXXX, XXXXX. Nordic Aqua Partners invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by Nordic Aqua Partners
| Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialAbout Nordic Aqua Partners
| When was Nordic Aqua Partners founded? | Nordic Aqua Partners was founded in 2016. |
| Where is Nordic Aqua Partners headquartered? | Nordic Aqua Partners is headquartered in Norway. |
| How many employees does Nordic Aqua Partners have? | As of today, Nordic Aqua Partners has over 128 employees. |
| Is Nordic Aqua Partners publicly listed? | Yes, Nordic Aqua Partners is a public company listed on Oslo Børs. |
| What is the stock symbol of Nordic Aqua Partners? | Nordic Aqua Partners trades under NOAP ticker. |
| When did Nordic Aqua Partners go public? | Nordic Aqua Partners went public in 2020. |
| Who are competitors of Nordic Aqua Partners? | Nordic Aqua Partners main competitors are T&G Global, Boa Safra, Brazil Potash, Gradus. |
| What is the current market cap of Nordic Aqua Partners? | Nordic Aqua Partners' current market cap is $186M. |
| What is the current revenue of Nordic Aqua Partners? | Nordic Aqua Partners' last 12 months revenue is $27M. |
| What is the current revenue growth of Nordic Aqua Partners? | Nordic Aqua Partners revenue growth (NTM/LTM) is 144%. |
| What is the current EV/Revenue multiple of Nordic Aqua Partners? | Current revenue multiple of Nordic Aqua Partners is 9.1x. |
| Is Nordic Aqua Partners profitable? | No, Nordic Aqua Partners is not profitable. |
| What is the current EBITDA of Nordic Aqua Partners? | Nordic Aqua Partners has negative EBITDA and is not profitable. |
| What is Nordic Aqua Partners' EBITDA margin? | Nordic Aqua Partners' last 12 months EBITDA margin is (14%). |
| What is the current EV/EBITDA multiple of Nordic Aqua Partners? | Current EBITDA multiple of Nordic Aqua Partners is (63.5x). |
| What is the current FCF of Nordic Aqua Partners? | Nordic Aqua Partners' last 12 months FCF is ($51M). |
| What is Nordic Aqua Partners' FCF margin? | Nordic Aqua Partners' last 12 months FCF margin is (191%). |
| What is the current EV/FCF multiple of Nordic Aqua Partners? | Current FCF multiple of Nordic Aqua Partners is (4.8x). |
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