AKER Share Price Performance
NOK 1,538.00
806.00 (110.11%)
14.6% undervalued intrinsic discount
NOK 1,800.00
Fair Value
Price NOK 1,538.00
RS77 NOK 1,800.00
Fair ValueNOK 1,800.00
Share Pricen/a
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AKER Community Narratives
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Fair Value
·Fair Value NOK 1.8k 14.6% undervalued intrinsic discount
Aker's Stake in Nscale Will Boost Intrinsic Value to NOK 1,800
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Aker's Stake in Nscale Will Boost Intrinsic Value to NOK 1,800
Aker owns a big slice of an AI infrastructure company that could go public, and that event could make Aker’s underlying assets look meaningfully more valuable. With fresh cash from a recent software sale, buybacks, and steady energy-backed payouts, the story hinges on whether that AI listing really unlocks value for shareholders.Read more
RS
NOK 1.8k
14.6% undervalued intrinsic discount
Fair Value
Key Assumptions & Valuation Logic:
Net Asset Value (NAV) Revaluation: Baseline Q2 2026 NAV of NOK 1,429 per share is adjusted upward to reflect the implied market valuation of AI infrastructure provider Nscale at a target IPO valuation of $25B (~NOK 262.5B).
Nscale Ownership Contribution: Aker’s 22.7% stake in Nscale is valued at ~NOK 59.6B (~NOK 802/share). Factoring in existing carrying values, this delivers a net NAV lift of ~NOK 370 per share, establishing an updated intrinsic NAV of NOK 1,799 (~NOK 1,800).
NAV Discount Elimination: The NOK 1,800 fair value assumes a zero NAV discount, justified by catalyst-driven value unlocking (Nscale IPO) and aggressive capital reallocation:
Net Zero Debt & Cash Cushion: Over NOK 14.7B (~$1.48B) in net cash proceeds realized from the Cognite software exit, providing a total liquidity buffer exceeding NOK 20B.
Share Buybacks & Yield: Active share buyback program at a discount to NAV, combined with an ongoing 5–7% dividend yield anchored by low-cost energy cash flows (Aker BP).
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RS
Aker's Stake in Nscale Will Boost Intrinsic Value to NOK 1,800
Fair Value: NOK 1.8k 14.6% undervalued intrinsic discount
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Snowflake Analysis
Aker ASA Key Details
Last Reported Earnings
Jun 30, 2026
Next Reporting Earnings
Nov 05, 2026
- 377.78
- 90.30%
- 69.71%
- 62.2%
About AKER
- Founded
- 1841
- Employees
- 2813
- CEO
- WebsiteView website
Aker ASA operates as an industrial investment company in Norway, Europa, North America, South America, and internationally. The company operates in two segments: Listed Equity Investments and Unlisted Equity Investments. It is involved in exploration and production of oil and gas; provision of offshore supply vessels to global offshore energy markets. In addition, the company develops and supplies krill-based products, and health and nutrition products; long-term property development and management; industrial software, artificial intelligence (AI) solutions and infrastructure, that improve efficiency and decision-making across capital-intensive industries; oil and gas production and energy services; renewable energy sector; and harvesting and processing of marine biomass for human, and animal nutrition. Further, it offers subscriptions to access the software-as-a-service (SaaS) applications. Additionally, the company engages in real estate activities. The company was founded in 1841 and is based in Lysaker, Norway. Aker ASA operates as a subsidiary of TRG Holding AS.
