Arctic Fish Holding AS

BST:6TW Stock Report

Market Cap: €190.5m

Arctic Fish Holding Valuation

Is 6TW undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

3/6

Valuation Score 3/6

  • 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 6TW when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 6TW (€5.65) is trading below our estimate of fair value (€14.91)

Significantly Below Fair Value: 6TW is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 6TW?

Key metric: As 6TW is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 6TW. This is calculated by dividing 6TW's market cap by their current earnings.
What is 6TW's PE Ratio?
PE Ratio68.3x
Earnings€2.79m
Market Cap€190.53m

Price to Earnings Ratio vs Peers

How does 6TW's PE Ratio compare to its peers?

The above table shows the PE ratio for 6TW vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average10.1x
NLM FRoSTA
12xn/a€415.6m
SSH Südwestdeutsche Salzwerke
15xn/a€609.4m
SMB Schwälbchen Molkerei Jakob Berz
6.7xn/a€55.8m
SZU Südzucker
6.7x-10.2%€2.2b
6TW Arctic Fish Holding
68.3x91.9%€2.2b

Price-To-Earnings vs Peers: 6TW is expensive based on its Price-To-Earnings Ratio (68.3x) compared to the peer average (10.1x).

Price to Earnings Ratio vs Industry

How does 6TW's PE Ratio compare vs other companies in the European Food Industry?

3 CompaniesPrice / EarningsEstimated GrowthMarket Cap
6TW 68.3xIndustry Avg. 13.4xNo. of Companies19PE0816243240+
3 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: 6TW is expensive based on its Price-To-Earnings Ratio (68.3x) compared to the European Food industry average (13.5x).

Price to Earnings Ratio vs Fair Ratio

What is 6TW'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.

6TW PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio68.3x
Fair PE Ratio77.6x

Price-To-Earnings vs Fair Ratio: 6TW is good value based on its Price-To-Earnings Ratio (68.3x) compared to the estimated Fair Price-To-Earnings Ratio (77.6x).

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 6TW forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€5.65
€6.91
+22.2%
1.2%€6.99€6.82n/a2
Nov ’25€6.00
€6.82
+13.7%
1.2%€6.91€6.74n/a2
Oct ’25€3.82
€6.88
+80.0%
1.2%€6.96€6.79n/a2
Sep ’25€4.06
€6.88
+69.4%
1.2%€6.96€6.79n/a2
Aug ’25€4.22
€7.10
+68.2%
1.2%€7.18€7.01n/a2
Jul ’25€4.18
€7.10
+69.8%
1.2%€7.18€7.01n/a2
Jun ’25€4.66
€7.11
+52.5%
1.2%€7.20€7.02n/a2
Feb ’25€4.88
€7.10
+45.6%
5.9%€7.52€6.69n/a2
Jan ’25€4.84
€7.10
+46.8%
5.9%€7.52€6.69n/a2
Dec ’24€4.98
€7.10
+42.7%
5.9%€7.52€6.69n/a2
Oct ’24€7.50
€9.84
+31.2%
2.2%€10.06€9.62€3.822
Sep ’24€7.25
€9.84
+35.7%
2.2%€10.06€9.62€4.062
Aug ’24€7.55
€10.60
+40.4%
2.0%€10.82€10.39€4.222
Jul ’24€7.75
€10.60
+36.8%
2.0%€10.82€10.39€4.182
Jun ’24€7.20
€10.60
+47.3%
2.0%€10.82€10.39€4.662
May ’24€7.60
€10.91
+43.6%
4.0%€11.35€10.48€4.602
Apr ’24€8.46
€10.84
+28.1%
6.1%€11.50€10.18€4.462
Mar ’24€8.02
€10.95
+36.5%
4.2%€11.41€10.49€4.582
Feb ’24€8.36
€11.89
+42.2%
8.0%€12.84€10.94€4.882
Nov ’23€8.22
€10.52
+28.0%
4.5%€11.00€10.04€6.602

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

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