Gigante Salmon Valuation

Is 96M 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-Book vs Peers

  • Price-To-Book vs Industry

  • Price-To-Book vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of 96M when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 96M (€0.67) is trading below our estimate of fair value (€4.93)

Significantly Below Fair Value: 96M is trading below fair value by more than 20%.


Key Valuation Metric

Which metric is best to use when looking at relative valuation for 96M?

Key metric: As 96M is unprofitable and pre-revenue we use its Price-To-Book Ratio for relative valuation analysis.

The above table shows the Price to Book ratio for 96M. This is calculated by dividing 96M's market cap by their current book value.
What is 96M's PB Ratio?
PB Ratio1.9x
BookNOK 715.62m
Market CapNOK 1.39b

Price to Book Ratio vs Peers

How does 96M's PB Ratio compare to its peers?

The above table shows the PB ratio for 96M vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PBEstimated GrowthMarket Cap
Peer Average3.1x
SMB Schwälbchen Molkerei Jakob Berz
1.5xn/a€55.8m
NLM FRoSTA
1.8xn/a€415.6m
SSH Südwestdeutsche Salzwerke
2.3xn/a€567.4m
VEZ Veganz Group
7.1xn/a€7.5m
96M Gigante Salmon
1.9x142.5%€1.4b

Price-To-Book vs Peers: 96M is good value based on its Price-To-Book Ratio (1.9x) compared to the peer average (3.1x).


Price to Book Ratio vs Industry

How does 96M's PB Ratio compare vs other companies in the European Food Industry?

7 CompaniesPrice / BookEstimated GrowthMarket Cap
96M 1.9xIndustry Avg. 1.2xNo. of Companies30PB00.81.62.43.24+
7 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Book vs Industry: 96M is expensive based on its Price-To-Book Ratio (1.9x) compared to the European Food industry average (1.1x).


Price to Book Ratio vs Fair Ratio

What is 96M's PB Ratio compared to its Fair PB Ratio? This is the expected PB Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

96M PB Ratio vs Fair Ratio.
Fair Ratio
Current PB Ratio1.9x
Fair PB Ration/a

Price-To-Book vs Fair Ratio: Insufficient data to calculate 96M's Price-To-Book Fair Ratio for valuation analysis.


Analyst Price Targets

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

Analyst Forecast: Target price is more than 20% higher than the current share price, but there are not enough analysts covering the stock to determine statistical confidence in agreement.


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