Lerøy Seafood Group ASA

DB:Z1L0 Stock Report

Market Cap: €2.7b

Lerøy Seafood Group Valuation

Is Z1L0 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 Z1L0 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: Z1L0 (€8.4) is trading below our estimate of fair value (€49.84)

Significantly Below Fair Value: Z1L0 is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for Z1L0?

Key metric: As Z1L0 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for Z1L0. This is calculated by dividing Z1L0's market cap by their current earnings.
What is Z1L0's PE Ratio?
PE Ratio16.1x
EarningsNOK 1.93b
Market CapNOK 30.96b

Price to Earnings Ratio vs Peers

How does Z1L0's PE Ratio compare to its peers?

The above table shows the PE ratio for Z1L0 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average11.2x
SZU Südzucker
6.8x-10.2%€2.3b
SSH Südwestdeutsche Salzwerke
15.8xn/a€630.5m
NLM FRoSTA
12.2xn/a€415.6m
KWS KWS SAAT SE KGaA
10x-1.0%€2.0b
Z1L0 Lerøy Seafood Group
16.1x30.4%€31.0b

Price-To-Earnings vs Peers: Z1L0 is expensive based on its Price-To-Earnings Ratio (16.1x) compared to the peer average (11.2x).

Price to Earnings Ratio vs Industry

How does Z1L0's PE Ratio compare vs other companies in the European Food Industry?

3 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Z1L0 16.1xIndustry Avg. 13.4xNo. of Companies18PE0816243240+
3 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: Z1L0 is expensive based on its Price-To-Earnings Ratio (16.1x) compared to the European Food industry average (13.4x).

Price to Earnings Ratio vs Fair Ratio

What is Z1L0'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.

Z1L0 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio16.1x
Fair PE Ratio29.2x

Price-To-Earnings vs Fair Ratio: Z1L0 is good value based on its Price-To-Earnings Ratio (16.1x) compared to the estimated Fair Price-To-Earnings Ratio (29.2x).

Analyst Price Targets

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

Analyst Forecast: Insufficient data to show price forecast.

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