AKVA group ASA

BST:3QI Stock Report

Market Cap: €217.7m

AKVA group Valuation

Is 3QI undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

2/6

Valuation Score 2/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of 3QI when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 3QI (€5.94) is trading below our estimate of fair value (€16.51)

Significantly Below Fair Value: 3QI is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 3QI?

Key metric: As 3QI is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 3QI. This is calculated by dividing 3QI's market cap by their current earnings.
What is 3QI's PE Ratio?
PE Ratio30.2x
EarningsNOK 84.24m
Market CapNOK 2.54b

Price to Earnings Ratio vs Peers

How does 3QI's PE Ratio compare to its peers?

The above table shows the PE ratio for 3QI vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average18.1x
GSC1 Gesco
22x35.3%€147.3m
NOEJ NORMA Group
18.3x35.7%€430.8m
WSU WashTec
18.1x13.7%€515.2m
TTR1 technotrans
14.1x23.1%€105.7m
3QI AKVA group
30.2x31.2%€2.5b

Price-To-Earnings vs Peers: 3QI is expensive based on its Price-To-Earnings Ratio (30.2x) compared to the peer average (18.1x).

Price to Earnings Ratio vs Industry

How does 3QI's PE Ratio compare vs other companies in the DE Machinery Industry?

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
No more companies available in this PE range
3QI 30.2xIndustry Avg. 14.9xNo. of Companies6PE01020304050+
0 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: 3QI is expensive based on its Price-To-Earnings Ratio (30.2x) compared to the German Machinery industry average (14.9x).

Price to Earnings Ratio vs Fair Ratio

What is 3QI's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

3QI PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio30.2x
Fair PE Ratio17.9x

Price-To-Earnings vs Fair Ratio: 3QI is expensive based on its Price-To-Earnings Ratio (30.2x) compared to the estimated Fair Price-To-Earnings Ratio (17.9x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst 3QI forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€5.94
€6.52
+9.8%
11.1%€7.23€5.53n/a3
Nov ’25€4.91
€6.51
+32.6%
3.2%€6.72€6.30n/a2
Sep ’25€5.52
€5.85
+5.9%
13.8%€6.42€4.71n/a3
Aug ’25€5.24
€5.75
+9.8%
11.6%€6.31€4.82n/a3
Jul ’25€5.54
€5.75
+3.8%
11.6%€6.31€4.82n/a3
Jun ’25€5.50
€5.57
+1.2%
10.9%€5.99€4.71n/a3
May ’25€5.56
€5.38
-3.2%
9.8%€5.95€4.68n/a3
Apr ’25€5.74
€5.02
-12.5%
3.8%€5.28€4.84n/a3
Mar ’25€4.94
€5.02
+1.6%
3.8%€5.28€4.84n/a3
Feb ’25€4.80
€5.34
+11.2%
10.1%€6.06€4.76n/a3
Jan ’25€4.99
€5.34
+7.0%
10.1%€6.06€4.76n/a3
Dec ’24€5.06
€5.49
+8.6%
6.3%€5.92€5.07n/a3
Nov ’24€6.52
€5.96
-8.6%
4.3%€6.22€5.62€4.913
Oct ’24€6.88
€5.96
-13.4%
4.3%€6.22€5.62€4.683
Sep ’24€5.60
€5.96
+6.4%
4.3%€6.22€5.62€5.523
Aug ’24€5.34
€5.86
+9.7%
3.4%€6.00€5.57€5.243
Jul ’24€5.56
€5.86
+5.3%
3.7%€6.07€5.64€5.542
Jun ’24€5.20
€5.86
+12.6%
3.7%€6.07€5.64€5.502
Feb ’24€6.40
€6.01
-6.1%
20.0%€7.21€4.81€4.802
Jan ’24€5.16
€6.01
+16.5%
20.0%€7.21€4.81€4.992
Dec ’23€4.91
€6.01
+22.4%
20.0%€7.21€4.81€5.062
Nov ’23€4.70
€6.69
+42.4%
9.5%€7.33€6.06€6.522

Analyst Forecast: Target price is less than 20% higher than the current share price.

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