Lundehaugen Mat AS
Score · fiscal year 2023
51of 100
How to read this: the company is ahead of 52 % of companies in the Morning class Medium in the same sector in 2023. What does this mean?
Rank in the Morning class Medium: 1,564 of 3,277 · What are Morning company classes?
Place in the whole sector: 10,036 of 21,059 · Handel
Profile
Cheetah · Sprinter
High profitability, lower solidity
Position against comparable companies in 2023, not a verdict on the company. Based on profitability 83 and solidity 37 out of 100 among companies in the Morning class Medium in the same sector in 2023. Methodology
Against the sector
Lundehaugen Mat AS is 1 points above the median for companies in the Morning class Medium in the same sector in 2023.
Median score 50 among 3,277 companies.
Against companies in the Morning class Medium in the same sector in 2023: operating margin 5.9% (median 2.9%) and equity ratio 22.3% (median 29.5%).
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 167 MNOK | 91 MNOK |
| Operating margin | 5.9% | 2.9% |
| Profit margin | 6.0% | 2.7% |
| Return on assets | 33.8% | 11.6% |
| Equity ratio | 22.3% | 29.5% |
| Debt-to-equity | 3.47 | 2.32 |
| Current ratio | 1.02 | 1.39 |
| Revenue growth | – | 5.2% |
| Revenue per employee | 3.42 MNOK | 4.76 MNOK |
The median and “ahead of” refer to companies in the Morning class Medium in the same sector in 2023. The bar shows the share of companies the figure is ahead of.
With an index of 51, Lundehaugen Mat AS does better than 52% of companies in the Morning class Medium in the same sector (3,277 companies) in 2023.
Score 2023–2025
- Lundehaugen Mat AS
- Median: companies in the Morning class Medium in the same sector
What the numbers say
Lundehaugen Mat AS had an operating margin of 5.9% and an equity ratio of 22.3% in 2023, and ranks 10,036 of 21,059 in Handel.
This text is generated automatically from the 2023 accounts.
Three simple methods
The methods give between 8 MNOK and 91 MNOK.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 21.2 | 91 MNOK |
| EV/EBIT | 16.6 | 89 MNOK |
| P/B | 2.2 | 8 MNOK |
The listed basis is the value at listed multiples. The estimate is lowered by 46% for an unlisted company: 20% for lack of marketability and 32% for size (a small-company premium of 3% on the cost of equity).
A mechanical estimate from public accounts, not advice. A mechanical estimate from public accounts with listed multiples and fixed adjustments. Not a valuation and not advice to buy or sell. 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 0.4% of the debt in 2023. The policy rate averaged 3.54 % 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 1.5%. Based on the 11 fiscal years we have. The analysis grows as more years are fetched or imported. Methodology
What the score is made of
| Profitability | 83 | weight 30% |
|---|---|---|
| Solidity | 37 | weight 25% |
| Liquidity | 12 | weight 15% |
| Growth | – | no data, left out |
| Consistency | 52 | weight 15% |
Index version 2. Data completeness 85%: the share of the weights that had data.
Questions and answers
How profitable is Lundehaugen Mat AS?
The operating margin was 5.9% in 2023, against a median of 2.9% among companies in the Morning class Medium in the same sector. Return on assets was 33.8%.
How solid is Lundehaugen Mat AS?
The equity ratio was 22.3% in 2023 (median 29.5%). Debt-to-equity was 3.47 (median 2.32).
What is the liquidity of Lundehaugen Mat AS like?
The current ratio was 1.02 in 2023 (median 1.39).
How does Lundehaugen Mat AS compare in Handel?
Lundehaugen Mat AS ranks 10,036 of 21,059 in Handel for 2023. Among companies in the Morning class Medium it is number 1,564 of 3,277.
From the Central Coordinating Register
- Org. no.
- 922740496
- Legal form
- AS
- Sector
- Handel (47.110)
- Morning company class
- Medium
- Employees
- 49 registered 10 September 2026
- Founded
- 2 April 2019 7 years in operation
- Share capital
- 0.10 MNOK
- Business address
- Ringeriksveien 4B, 3414 LIERSTRANDA
- Municipality
- Lier rank 7 of 27 in KOSTRA group 9
- Latest accounts filed
- 2025
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
Loading roles …
Source: Central Coordinating Register, fetched 29 October 2026. Only names are shown.
Shareholders (2025)
- Number of shareholders
- 2 (one owner holds more than half)
- Largest owner
- 51.0%
- Split
- companies 100% · private persons 0% · foreign 0%
- Owned from the same municipality
- 51%
- Group chain
-
Owned by: NG Kiwi Rogaland AS (51%)
Ultimate owner: Joh Johannson Handel AS
- NG Kiwi Rogaland AS · 51.0%
- Lunde Snarkjøp AS · 49.0%
The company is new in the shareholder register in 2025.
Source: the Norwegian Tax Administration's shareholder register as of 2025. Figures may be older than today's ownership. Private persons are not shown by name.
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 | 51 | 53 | 55 | |
| Rank | 10,036 | 10,024 | 9,389 | |
| Operating margin | 5.9% | 6.5% | 6.9% | |
| Return on assets | 33.8% | 39.2% | 41.0% | |
| Equity ratio | 22.3% | 20.2% | 21.7% | |
| Current ratio | 1.02 | 1.05 | 1.12 | |
| Revenue growth | – | 11.3% | 7.7% |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | 167.5 MNOK | 186.4 MNOK | 200.6 MNOK |
| Operating profit | 9.8 MNOK | 12.1 MNOK | 13.7 MNOK |
| Profit before tax | 10.1 MNOK | 12.5 MNOK | 14.3 MNOK |
| Tax expense | 2.2 MNOK | 2.7 MNOK | 3.1 MNOK |
| Net profit | 7.8 MNOK | 9.7 MNOK | 11.1 MNOK |
| Financial expenses | 0.1 MNOK | 0.0 MNOK | 0.0 MNOK |
| Total assets | 30.1 MNOK | 31.8 MNOK | 34.8 MNOK |
| Current assets | 23.6 MNOK | 26.5 MNOK | 30.4 MNOK |
| Equity | 6.7 MNOK | 6.4 MNOK | 7.6 MNOK |
| Retained earnings | 6.6 MNOK | 6.3 MNOK | 7.5 MNOK |
| Total liabilities | 23.3 MNOK | 25.4 MNOK | 27.3 MNOK |
| Current liabilities | 23.2 MNOK | 25.3 MNOK | 27.2 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 26 October 2026, accounts id 5143001.
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