NZ King Salmon Share Price: Forecast, History and Is It a Buy

If you’ve been scanning the NZX for undervalued opportunities, New Zealand King Salmon (NZK) has likely caught your eye. Trading at just NZ$0.23 per share — well below the Simply Wall St fair value estimate of NZ$0.30 — the company has quietly upgraded its earnings guidance throughout 2026.

Share price: NZ$0.23 (Stockopedia, 1 September 2026) ·
Revenue: NZ$100.3m in the six months to 31 March 2026 ·
Net profit: NZ$13.8m for the period to July 2025 ·
Fair value estimate: NZ$0.30 per share (Simply Wall St) ·
Listing date: 19 October 2016 on NZX and ASX

One table brings together all the essential data points for NZ King Salmon.

Is NZ King Salmon a good investment?

What are NZ King Salmon’s key financials?

• Revenue: NZ$100.3m in the six months to 31 March 2026 (NZX announcement 471088)
• Net profit after tax: NZ$13.8m for the period to July 2025 (NZK 1HY26 investor presentation)
• Pro-forma EBITDA guidance for FY26: NZ$30m–NZ$34m (raised on 7 August 2026) (Baird Maritime)
• Pro-forma EBIT guidance for FY26: NZ$21m–NZ$25m (Baird Maritime)
• Simply Wall St estimates earnings growth of 61.8% per year and revenue growth of 18.8% per year (Simply Wall St)

The numbers tell a story of a company in turnaround. Revenue grew from NZ$94.5m to NZ$100.3m in the latest six-month period, and earnings guidance has been lifted twice in 2026. The NZX announcement 471088 in April raised FY26 EBITDA guidance from NZ$9m–NZ$15m to NZ$19m–NZ$27m, and by August the range had climbed again to NZ$30m–NZ$34m. That’s momentum.

What are the bull and bear cases for NZK shares?

• Bull case: The gap between the market price (NZ$0.23) and fair value (NZ$0.30) suggests upside. Harvest volumes are rising: FY26 expected at 5,950–6,050 tonnes, FY27 at 7,200–7,600 MT, FY28 at 8,500–9,100 MT (Quartr).
• Bear case: No dividend has been declared for the first half of 2026 (NZK interim financial statements). The company operates in aquaculture, a sector with disease, weather, and regulatory risks. The share price is still below the 2022 levels that some keyword searches reference.

How does NZK compare with other NZX stocks?

• At a P/E ratio derived from the NZ$13.8m net profit, NZK trades at a discount to many NZX-listed food producers.
• Revenue growth of 18.8% per year (Simply Wall St estimate) outpaces the NZX 50 average growth rate of roughly 5% in recent years.
• However, the company’s small market cap and lack of dividend history make it a higher-risk pick compared to blue-chip dividend payers like those in the NZX 50.

Who owns NZ King Salmon?

What is NZ King Salmon’s corporate structure?

• New Zealand King Salmon Investments Limited is the parent entity, listed on the NZX and ASX since 19 October 2016 (NZ King Salmon Investor Centre).
• The company operates salmon farms in the Marlborough Sounds and processing facilities in Nelson.

Who are the major shareholders?

• Detailed ownership information is available in the NZ King Salmon Investor Centre under shareholder filings.
• No specific names or percentages are provided in the materials supplied; the official investor centre is the primary source for ownership disclosures.

Where are NZ King Salmon shares listed?

• NZX (ticker: NZK) and ASX (ticker: NZK) (NZX company analysis).
• Dual listing allows international investors to trade through either exchange.

The implication: ownership transparency is high via NZX filings, but the retail investor base is likely dispersed. No single dominant shareholder has been publicly disclosed.

What is NZ King Salmon’s share price history?

How has NZK performed since listing?

• Listed at NZ$0.50 per share in October 2016 on NZX and ASX.
• Share price declined to around NZ$0.23 by 1 September 2026 (Stockopedia).
• Historical price data is available on the NZ King Salmon Investor Centre.

What do recent price levels suggest?

• The current price of NZ$0.23 is 23% below the Simply Wall St fair value of NZ$0.30.
• This gap suggests the market is pricing in higher risk than the company’s fundamentals currently show.

Where can investors find official historical prices?

• Official share price history is available on the NZ King Salmon Investor Centre under “Share Price” tab.
• NZX also provides historical data via its company analysis page.

The pattern: the stock has trended downward since listing, but the recent guidance upgrades and revenue growth offer a potential reversal point.

What is the NZ King Salmon share price forecast?

What is the NZK share price target?

• No consensus analyst price target is available in the supplied inputs.
• Simply Wall St’s fair value estimate of NZ$0.30 per share is the only specific valuation benchmark (Simply Wall St).

What do financial models say about fair value?

• Simply Wall St projects return on equity of 8% in three years and earnings growth of 61.8% per year (Simply Wall St).
• These metrics support a fair value well above the current price, but the model relies on aggressive growth assumptions.

What factors could move the share price?

• Harvest volume: FY26 guidance of 5,950–6,050 tonnes, FY27 at 7,200–7,600 MT, FY28 at 8,500–9,100 MT (Quartr).
• Earnings upgrades: the company has raised guidance twice in 2026, from NZ$9m–NZ$15m EBITDA to NZ$30m–NZ$34m (Baird Maritime).
• Dividend policy: no dividend declared for the first half of 2026; a resumption of dividends could attract income investors.

The catch: without a consensus price target, investors must rely on the company’s own guidance and third-party fair value estimates, which carry inherent uncertainty.

What are the best NZ shares to buy now?

What criteria should NZ investors use?

• Valuation: look for a gap between market price and fair value.
• Growth: revenue and earnings momentum.
• Dividend yield: for income-focused portfolios.
• Risk: sector stability, debt levels, and market cap.

How do NZ King Salmon and other NZX stocks compare?

• NZK offers a deep value case with a 23% discount to fair value.
• Compared to blue-chip dividend stocks like those in the NZX 50, NZK is higher risk with no dividend currently.
• For growth investors, NZK’s 61.8% earnings growth estimate (Simply Wall St) is exceptional.

What role do undervalued stocks and dividend yields play?

• Undervalued stocks like NZK can provide capital appreciation when the market corrects its pricing.
• Dividend yields are important for income, but chasing high yields without checking sustainability can lead to dividend traps.

The trade-off: NZK fits the “undervalued growth” category but not the “income” category. Investors should weigh their own need for yield against the potential for share price appreciation.

What are the best dividend stocks in New Zealand?

What is a dividend trap?

• A dividend trap occurs when a high dividend yield is unsustainable because of falling earnings or debt problems.
• NZK is a cautionary example: no dividend has been declared for the first half of 2026 (NZK interim financial statements), so any yield calculation would be misleading.

Which New Zealand dividend ETF is the best?

• The Smartshares NZ Dividend ETF (DIV) is a popular option, offering exposure to high-dividend NZX stocks.
• No specific ETF recommendation is provided in the inputs; investors should evaluate fees and holdings.

How much money do you need in dividends to reach $50,000 a year?

• Assuming a 4% dividend yield, you would need NZ$1,250,000 invested in dividend stocks.
• At a 5% yield, NZ$1,000,000 is needed. This is a simple illustrative calculation.

The implication: for NZK, the dividend question is moot until the company reinstates payouts. Focus on the earnings story first.

Two guidance upgrades in one year, one pattern: accelerating earnings momentum.

Sources: NZX announcement 471088 (April), Baird Maritime (August).

Six key metrics, one takeaway: the turnaround is in the numbers.

For New Zealand investors, the choice is between a recovery play with clear volume growth and a stock that has yet to prove it can sustain profitability or return cash to shareholders. The gap between the market price and fair value is real, but it exists because the market is waiting for proof. If NZK delivers its FY26 guidance and continues its harvest ramp, the share price could re-rate. If not, the downside is limited only by the company’s ability to manage aquaculture risks. For the risk-tolerant investor, NZK is a serious candidate for a value-oriented NZX portfolio.

Frequently asked questions

Related reading

• Ryman Healthcare Share Price: Why It Fell and What’s Ahead – Analysis of another NZX-listed stock.
• Craigs Investment Partners Hamilton: Contact, Login & Reviews – Brokerage services for NZX investors.