Update shared on 26 Nov 2025
Fair value Increased 1.17%The analyst price target for P/F Bakkafrost has been raised from NOK 532.01 to NOK 538.25, as analysts cite improved revenue growth and higher profit margins in their updated outlook.
Analyst Commentary
Recent analyst actions indicate a shift in sentiment for P/F Bakkafrost, with notable upgrades reflecting improving outlooks. Analysts' perspectives can be summarized as follows:
Bullish Takeaways- Bullish analysts have raised their ratings, driven by confidence in Bakkafrost's revenue growth potential and the company's ability to deliver consistently higher profit margins.
- The upward adjustment in the price target suggests optimism about the company's operational execution and its capacity to capitalize on market opportunities.
- Expectations for favorable industry trends and strategic positioning support the revised recommendations to Buy and reflect belief in ongoing business momentum.
- Improved visibility into earnings performance and a solid balance sheet are viewed as supporting a higher valuation.
- Some analysts remain cautious and highlight potential challenges related to volatility in global salmon markets, which could affect realized prices and margins.
- Concerns persist regarding input cost inflation and supply chain issues that may pressure short-term profitability.
- Bearish analysts emphasize the importance of consistent operational performance and note that future missteps could hinder the company from achieving elevated earnings targets.
What's in the News
- P/F Bakkafrost announced third quarter production results, with 8.4 million smolts transferred and a combined harvest of 30,678 tonnes gutted weight for its Faroe Islands and Scotland farming segments. (Company Announcement)
- For the first nine months of 2025, a total of 18.5 million smolts were released and 78,932 tonnes were harvested between Faroe Islands and Scotland operations. (Company Announcement)
- The company maintained its production guidance for 2025, expecting to harvest approximately 104,000 tonnes for the full year. This includes 82,000 tonnes from the Faroe Islands and 22,000 tonnes from Scotland. (Company Guidance)
- P/F Bakkafrost was added to the Oslo OBX Total Return Index, increasing its visibility among investors. (Index Announcement)
Valuation Changes
- Consensus Analyst Price Target has risen slightly from NOK 532.01 to NOK 538.25.
- Discount Rate remains unchanged at 6.34 percent.
- Revenue Growth estimate has increased marginally from 17.18 percent to 17.20 percent.
- Net Profit Margin outlook has improved from 22.70 percent to 23.38 percent.
- Future P/E ratio forecast has decreased from 10.20x to 9.87x, which suggests expectations of higher earnings relative to share price.
Disclaimer
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