Austevoll Seafood ASA

DB:Z85 Stock Report

Market Cap: €1.8b

Austevoll Seafood Valuation

Is Z85 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

5/6

Valuation Score 5/6

  • 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 Z85 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: Z85 (€8.75) is trading below our estimate of fair value (€63.92)

Significantly Below Fair Value: Z85 is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for Z85?

Key metric: As Z85 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for Z85. This is calculated by dividing Z85's market cap by their current earnings.
What is Z85's PE Ratio?
PE Ratio9.3x
EarningsNOK 2.21b
Market CapNOK 20.55b

Price to Earnings Ratio vs Peers

How does Z85's PE Ratio compare to its peers?

The above table shows the PE ratio for Z85 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average10.2x
SZU Südzucker
6.8x-10.2%€2.3b
SSH Südwestdeutsche Salzwerke
15.3xn/a€630.5m
NLM FRoSTA
12.2xn/a€415.6m
SMB Schwälbchen Molkerei Jakob Berz
6.7xn/a€55.8m
Z85 Austevoll Seafood
9.3x8.9%€20.5b

Price-To-Earnings vs Peers: Z85 is good value based on its Price-To-Earnings Ratio (9.3x) compared to the peer average (10.4x).

Price to Earnings Ratio vs Industry

How does Z85's PE Ratio compare vs other companies in the European Food Industry?

5 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Z85 9.3xIndustry Avg. 13.5xNo. of Companies18PE01020304050+
5 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: Z85 is good value based on its Price-To-Earnings Ratio (9.3x) compared to the European Food industry average (13.4x).

Price to Earnings Ratio vs Fair Ratio

What is Z85'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.

Z85 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio9.3x
Fair PE Ratio18.8x

Price-To-Earnings vs Fair Ratio: Z85 is good value based on its Price-To-Earnings Ratio (9.3x) compared to the estimated Fair Price-To-Earnings Ratio (18.8x).

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 Z85 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€8.75
€10.17
+16.3%
4.7%€10.83€9.45n/a6
Nov ’25€7.85
€9.96
+26.9%
3.9%€10.62€9.61n/a6
Oct ’25€8.36
€9.87
+18.1%
5.2%€10.69€9.33n/a6
Sep ’25€8.14
€9.69
+19.1%
8.9%€10.76€8.11n/a6
Aug ’25€7.52
€9.67
+28.7%
6.8%€10.84€8.60n/a6
Jul ’25€7.24
€9.67
+33.7%
6.8%€10.84€8.60n/a6
Jun ’25€7.50
€9.67
+29.0%
6.8%€10.84€8.60n/a6
May ’25€7.50
€8.76
+16.8%
11.3%€10.63€7.34n/a6
Apr ’25€7.39
€9.06
+22.7%
11.5%€11.05€7.63n/a6
Mar ’25€6.91
€9.06
+31.2%
11.5%€11.05€7.63n/a6
Feb ’25€6.73
€8.96
+33.2%
13.6%€11.10€7.58n/a6
Jan ’25€6.53
€8.68
+33.0%
13.1%€10.69€7.29n/a5
Dec ’24€6.25
€8.68
+39.1%
13.1%€10.69€7.29n/a5
Nov ’24€6.42
€9.36
+46.0%
12.7%€10.65€7.35€7.855
Oct ’24€6.67
€9.36
+40.5%
13.0%€10.95€7.56€8.365
Sep ’24€6.70
€9.36
+39.8%
13.0%€10.95€7.56€8.145
Aug ’24€6.94
€10.04
+44.7%
3.6%€10.62€9.52€7.525
Jul ’24€6.38
€10.04
+57.4%
3.6%€10.62€9.52€7.245
Jun ’24€7.39
€10.04
+35.9%
3.6%€10.62€9.52€7.505
May ’24€8.41
€10.45
+24.2%
8.1%€11.91€9.36€7.505
Apr ’24€7.93
€10.53
+32.8%
7.1%€11.50€9.38€7.395
Mar ’24€8.02
€10.98
+36.9%
5.2%€11.84€10.38€6.915
Feb ’24€9.24
€10.85
+17.4%
9.0%€12.01€9.33€6.735
Jan ’24€8.31
€10.78
+29.8%
7.7%€11.97€9.60€6.535
Dec ’23€7.74
€10.49
+35.6%
13.1%€12.02€8.01€6.255
Nov ’23€7.59
€10.28
+35.5%
15.5%€12.05€8.03€6.424

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

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