Axactor ASA

LSE:0QIG Stock Report

Market Cap: NOK 939.7m

Axactor Valuation

Is 0QIG 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 0QIG when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 0QIG (NOK3.12) is trading below our estimate of fair value (NOK6.14)

Significantly Below Fair Value: 0QIG is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 0QIG?

Key metric: As 0QIG is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 0QIG. This is calculated by dividing 0QIG's market cap by their current earnings.
What is 0QIG's PE Ratio?
PE Ratio5.8x
Earnings€13.85m
Market Cap€80.19m

Price to Earnings Ratio vs Peers

How does 0QIG's PE Ratio compare to its peers?

The above table shows the PE ratio for 0QIG vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average7.4x
ASAI ASA International Group
4.3x24.9%UK£65.0m
RFX Ramsdens Holdings
9.2xn/aUK£71.8m
HAT H&T Group
7.3x6.7%UK£158.3m
SUS S&U
8.8x23.5%UK£164.6m
0QIG Axactor
5.8x60.1%NOK 939.7m

Price-To-Earnings vs Peers: 0QIG is good value based on its Price-To-Earnings Ratio (5.8x) compared to the peer average (7.4x).

Price to Earnings Ratio vs Industry

How does 0QIG's PE Ratio compare vs other companies in the European Consumer Finance Industry?

1 CompanyPrice / EarningsEstimated GrowthMarket Cap
0QIG 5.8xIndustry Avg. 9.0xNo. of Companies4PE0612182430+
1 CompanyEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: 0QIG is good value based on its Price-To-Earnings Ratio (5.8x) compared to the European Consumer Finance industry average (9x).

Price to Earnings Ratio vs Fair Ratio

What is 0QIG'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.

0QIG PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio5.8x
Fair PE Ratio26.4x

Price-To-Earnings vs Fair Ratio: 0QIG is good value based on its Price-To-Earnings Ratio (5.8x) compared to the estimated Fair Price-To-Earnings Ratio (26.4x).

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 0QIG forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentNOK 3.12
NOK 4.59
+47.1%
19.4%NOK 5.48NOK 3.70n/a2
Nov ’25NOK 3.56
NOK 4.66
+30.9%
18.1%NOK 5.50NOK 3.81n/a2
May ’25NOK 4.84
NOK 7.50
+54.9%
9.7%NOK 8.22NOK 6.77n/a2
Apr ’25NOK 4.63
NOK 7.40
+59.8%
8.2%NOK 8.00NOK 6.79n/a2
Mar ’25NOK 4.73
NOK 7.40
+56.4%
8.2%NOK 8.00NOK 6.79n/a2
Feb ’25NOK 4.82
NOK 7.62
+57.9%
11.7%NOK 8.51NOK 6.73n/a2
Jan ’25NOK 5.12
NOK 7.64
+49.4%
11.2%NOK 8.49NOK 6.79n/a2
Dec ’24NOK 4.77
NOK 7.64
+60.3%
11.2%NOK 8.49NOK 6.79n/a2
Nov ’24NOK 5.34
NOK 7.75
+45.2%
12.1%NOK 8.69NOK 6.81NOK 3.562
Oct ’24NOK 5.46
NOK 7.77
+42.3%
12.3%NOK 8.72NOK 6.82NOK 4.122
May ’24NOK 5.93
NOK 7.09
+19.5%
6.0%NOK 7.52NOK 6.66NOK 4.842
Mar ’24NOK 7.14
NOK 9.00
+26.0%
16.6%NOK 10.50NOK 7.50NOK 4.732
Feb ’24NOK 5.66
NOK 9.00
+59.0%
16.8%NOK 10.51NOK 7.49NOK 4.822
Jan ’24NOK 5.93
NOK 9.63
+62.4%
17.0%NOK 11.67NOK 8.00NOK 5.124
Dec ’23NOK 6.13
NOK 9.63
+57.3%
17.0%NOK 11.67NOK 8.00NOK 4.774
Nov ’23NOK 10.22
NOK 9.63
-5.7%
17.0%NOK 11.67NOK 8.00NOK 5.344

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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