Hermes AS
Score · fiscal year 2025
29of 100
How to read this: the company is ahead of 9 % of companies in the Morning class Medium in the same sector in 2025. What does this mean?
Rank in the Morning class Medium: 445 of 491 · What are Morning company classes?
Place in the whole sector: 1,936 of 2,212 · Sjømat
Profile
Cheetah · Sprinter
High profitability, lower solidity
Position against comparable companies in 2025, not a verdict on the company. Based on profitability 51 and solidity 3 out of 100 among companies in the Morning class Medium in the same sector in 2025. Methodology
Against the sector
Hermes AS is 20 points below the median for companies in the Morning class Medium in the same sector in 2025.
Median score 49 among 491 companies.
Against companies in the Morning class Medium in the same sector in 2025: operating margin 22.5% (median 13.4%) and equity ratio 3.4% (median 33.1%).
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 274 MNOK | 119 MNOK |
| Operating margin | 22.5% | 13.4% |
| Profit margin | 0.7% | 8.2% |
| Return on assets | 5.8% | 9.2% |
| Equity ratio | 3.4% | 33.1% |
| Debt-to-equity | 27.99 | 1.99 |
| Current ratio | 0.89 | 1.68 |
| Revenue growth | 5.6% | 10.6% |
The median and “ahead of” refer to companies in the Morning class Medium in the same sector in 2025. The bar shows the share of companies the figure is ahead of.
With an index of 29, Hermes AS does better than 9% of companies in the Morning class Medium in the same sector (491 companies) in 2025.
Score 2023–2025
- Hermes AS
- Median: companies in the Morning class Medium in the same sector
Hermes AS has a score of 29 for 2025, rank 1,936 of 2,212 in the sector.
Strongest: Profitability: percentile 51 against peers, operating margin 22.5% against a median of 13.4%.
Weakest: Solidity: percentile 3 against peers, equity ratio 3.4% against a median of 33.1%. Liquidity: percentile 16 against peers, current ratio 0.89 against a median of 1.68.
Worth a closer look
- The equity ratio is very low. Could the company absorb a bad year, and does it need more equity? Based on: equity ratio 3.4% (median 33.1%).
- Consider strengthening liquidity: current liabilities are 1.1 times current assets. Based on: current ratio 0.89 (median 1.68).
- What lies behind weak solidity, 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
Hermes AS had an operating margin of 22.5% and an equity ratio of 3.4% in 2025, and ranks 1,936 of 2,212 in Sjømat.
From 2024 to 2025: went from a loss to a profit before tax and the operating margin rose from 12.4% to 22.5%.
This text is generated automatically from the 2025 accounts.
Three simple methods
The methods give between 13 MNOK and 37 MNOK.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 10.0 | 13 MNOK |
| EV/EBIT | 8.0 | debt above value |
| P/B | 1.0 | 37 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
- watch
The equity ratio is very low. Could the company absorb a bad year, and does it need more equity?
Based on: Equity ratio 3.4% (median 33.1%).
- watch
Consider strengthening liquidity: current liabilities are 1.1 times current assets.
Based on: Current ratio 0.89 (median 1.68).
Indications based on the latest annual accounts from open data. Not investment or financial advice.
Financial costs were 5.8% 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 | 51 | weight 30% |
|---|---|---|
| Solidity | 3 | weight 25% |
| Liquidity | 16 | weight 15% |
| Growth | 40 | weight 15% |
| Consistency | 30 | weight 15% |
Durability: 25 (average over 3 years)
Index version 2. Data completeness 100%: the share of the weights that had data.
Questions and answers
How profitable is Hermes AS?
The operating margin was 22.5% in 2025, against a median of 13.4% among companies in the Morning class Medium in the same sector. Return on assets was 5.8%.
How solid is Hermes AS?
The equity ratio was 3.4% in 2025 (median 33.1%). Debt-to-equity was 27.99 (median 1.99).
What is the liquidity of Hermes AS like?
The current ratio was 0.89 in 2025 (median 1.68). Current assets did not cover current liabilities.
How does Hermes AS compare in Sjømat?
Hermes AS ranks 1,936 of 2,212 in Sjømat for 2025. Among companies in the Morning class Medium it is number 445 of 491. Revenue changed by 5.6% from the year before.
Group accounts
The company is registered as part of a group, but we have no group accounts for it. Group accounts are filed by the parent company, and open data does not say which company that is.
Read the figures with care: a company in a group can look strong because of group contributions, or weak because dividends go up to the parent. The figures are indications, not the full picture.
We do not show the group structure, because open data does not say who owns whom.
Public contracts
- Contracts awarded since 2024
- 2
- Total awarded value since 2024
- value not stated
- 2 contracts without a stated value are not in the total.
Based on notices in Doffin. Does not show call-offs under framework agreements or purchases below the publication threshold. Values are as stated by the buyer.
Source: Doffin (DFØ), fetched 27 October 2026. Winners are matched on organisation number.
Contains data under the Norwegian licence for public data (NLOD 2.0) made available by Doffin/the Norwegian Agency for Public and Financial Management (DFØ). NLOD 2.0
From the Central Coordinating Register
- Org. no.
- 946438162
- Legal form
- AS · part of a group
- Sector
- Sjømat (03.110)
- Morning company class
- Medium
- Employees
- 0–4 (not registered)
- Founded
- 11 January 1988 38 years in operation
- Share capital
- 2.12 MNOK
- Business address
- Søndre Botten, 9584 SØR-TVERRFJORD (LOPPA)
- Municipality
- Loppa rank 15–32 of 36 in KOSTRA group 15
- Latest accounts filed
- 2025
- Website
- www.hermesas.no
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.
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 28 October 2026.
Year by year · 2023–2025
| Key figure | 2023 | 2024 | 2025 | Trend |
|---|---|---|---|---|
| Index | 21 | 26 | 29 | |
| Rank | 1,837 | 1,748 | 1,936 | |
| Operating margin | 11.1% | 12.4% | 22.5% | |
| Return on assets | 2.8% | 3.0% | 5.8% | |
| Equity ratio | 6.4% | 4.3% | 3.4% | |
| Current ratio | 0.87 | 0.98 | 0.89 | |
| Revenue growth | – | 5.1% | 5.6% |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | 246.4 MNOK | 259.0 MNOK | 273.6 MNOK |
| Operating profit | 27.4 MNOK | 32.0 MNOK | 61.6 MNOK |
| Profit before tax | −13.8 MNOK | −29.2 MNOK | 1.9 MNOK |
| Net profit | −10.9 MNOK | −22.8 MNOK | 1.3 MNOK |
| Financial expenses | 43.4 MNOK | 61.7 MNOK | 60.1 MNOK |
| Total assets | 1,075.5 MNOK | 1,074.2 MNOK | 1,072.4 MNOK |
| Current assets | 58.0 MNOK | 64.7 MNOK | 71.9 MNOK |
| Equity | 68.5 MNOK | 45.7 MNOK | 37.0 MNOK |
| Retained earnings | 51.3 MNOK | 28.6 MNOK | 19.9 MNOK |
| Total liabilities | 1,007.0 MNOK | 1,028.5 MNOK | 1,035.4 MNOK |
| Current liabilities | 66.4 MNOK | 66.0 MNOK | 80.9 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 28 October 2026, accounts id 7219488.
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