Grieg Seafood ASA

DB:GR8 Stock Report

Market Cap: €629.9m

Grieg Seafood Valuation

Is GR8 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-Sales vs Peers

  • Price-To-Sales vs Industry

  • Price-To-Sales vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of GR8 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: GR8 (€5.61) is trading below our estimate of fair value (€103.08)

Significantly Below Fair Value: GR8 is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for GR8?

Key metric: As GR8 is unprofitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for GR8. This is calculated by dividing GR8's market cap by their current revenue.
What is GR8's PS Ratio?
PS Ratio1x
SalesNOK 6.92b
Market CapNOK 7.27b

Price to Sales Ratio vs Peers

How does GR8's PS Ratio compare to its peers?

The above table shows the PS ratio for GR8 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average0.7x
SSH Südwestdeutsche Salzwerke
1.7xn/a€630.5m
NLM FRoSTA
0.6xn/a€415.6m
SZU Südzucker
0.2x0.5%€2.3b
SMB Schwälbchen Molkerei Jakob Berz
0.3xn/a€55.8m
GR8 Grieg Seafood
1x12.0%€7.2b

Price-To-Sales vs Peers: GR8 is expensive based on its Price-To-Sales Ratio (1x) compared to the peer average (0.7x).

Price to Sales Ratio vs Industry

How does GR8's PS Ratio compare vs other companies in the European Food Industry?

35 CompaniesPrice / SalesEstimated GrowthMarket Cap
GR8 1.0xIndustry Avg. 0.7xNo. of Companies48PS00.81.62.43.24+
35 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Sales vs Industry: GR8 is expensive based on its Price-To-Sales Ratio (1x) compared to the European Food industry average (0.7x).

Price to Sales Ratio vs Fair Ratio

What is GR8's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

GR8 PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio1x
Fair PS Ratio0.6x

Price-To-Sales vs Fair Ratio: GR8 is expensive based on its Price-To-Sales Ratio (1x) compared to the estimated Fair Price-To-Sales Ratio (0.6x).

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 GR8 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€5.61
€5.36
-4.4%
17.5%€6.08€3.59n/a6
Nov ’25€5.56
€5.22
-6.1%
19.0%€5.99€3.54n/a6
Oct ’25€4.96
€5.15
+3.9%
20.7%€6.62€3.52n/a6
Sep ’25€4.35
€5.38
+23.7%
18.5%€6.75€3.59n/a6
Aug ’25€5.38
€6.31
+17.4%
18.2%€7.57€4.63n/a6
Jul ’25€5.50
€6.57
+19.5%
17.6%€7.85€4.80n/a6
Jun ’25€6.35
€6.55
+3.1%
14.4%€7.79€4.76n/a6
May ’25€6.10
€6.18
+1.2%
11.2%€6.88€4.73n/a6
Apr ’25€5.78
€6.25
+8.2%
11.8%€6.88€4.73n/a6
Mar ’25€5.63
€6.24
+10.8%
13.6%€7.01€4.82n/a6
Feb ’25€5.82
€6.62
+13.9%
12.4%€7.46€5.35n/a6
Jan ’25€6.08
€6.88
+13.3%
8.3%€7.52€5.84n/a6
Dec ’24€5.57
€6.57
+18.0%
9.1%€7.22€5.60n/a5
Nov ’24€6.28
€7.37
+17.5%
3.2%€7.61€7.06€5.566
Oct ’24€6.90
€7.79
+13.0%
4.8%€8.37€7.39€4.965
Sep ’24€6.46
€7.79
+20.7%
4.8%€8.37€7.39€4.355
Aug ’24€6.51
€8.59
+31.9%
5.5%€9.00€7.71€5.385
Jul ’24€5.81
€8.24
+41.8%
8.4%€8.89€7.02€5.506
Jun ’24€7.23
€8.26
+14.2%
7.8%€8.85€6.99€6.356
May ’24€7.46
€7.74
+3.7%
6.9%€8.51€7.06€6.106
Apr ’24€6.95
€7.78
+12.0%
7.4%€8.85€7.08€5.786
Mar ’24€6.67
€7.95
+19.2%
7.3%€9.09€7.28€5.636
Feb ’24€8.31
€8.48
+2.2%
12.5%€10.62€7.48€5.826
Jan ’24€7.46
€7.95
+6.6%
7.0%€8.55€6.94€6.086
Dec ’23€6.85
€8.00
+16.8%
7.8%€8.70€7.05€5.576
Nov ’23€7.07
€8.74
+23.7%
13.1%€10.57€7.59€6.285

Analyst Forecast: Target price is lower than the current share price.

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