AAK AB (publ.)

BATS-CHIXE:AAKS Stock Report

Market Cap: SEK 64.2b

AAK AB (publ.) Valuation

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

Discounted Cash Flow
Simply Wall St
SEK 322.46
Fair Value
22.3% undervalued intrinsic discount
8
Number of Analysts

Below Fair Value: AAKS (SEK250.7) is trading below our estimate of fair value (SEK322.46)

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

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for AAKS. This is calculated by dividing AAKS's market cap by their current earnings.
What is AAKS's PE Ratio?
PE Ratio18.2x
EarningsSEK 3.54b
Market CapSEK 64.21b

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for AAKS vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average16.6x
CWK Cranswick
24.5x8.8%UK£2.8b
TATE Tate & Lyle
15.9x12.3%UK£2.5b
PFD Premier Foods
15.9x6.6%UK£1.7b
ABF Associated British Foods
10.1x4.8%UK£14.8b
AAKS AAK AB (publ.)
18.2x7.1%SEK 64.2b

Price-To-Earnings vs Peers: AAKS is expensive based on its Price-To-Earnings Ratio (18.2x) compared to the peer average (16.6x).

Price to Earnings Ratio vs Industry

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

5 CompaniesPrice / EarningsEstimated GrowthMarket Cap
No. of Companies19PE01020304050+
5 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: AAKS is expensive based on its Price-To-Earnings Ratio (18.2x) compared to the European Food industry average (14.8x).

Price to Earnings Ratio vs Fair Ratio

What is AAKS'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.

AAKS PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio18.2x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate AAKS's Price-To-Earnings 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?

The above table shows the analyst AAKS forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentSEK 250.70
SEK 327.38
+30.6%
18.3%SEK 420.00SEK 245.00n/a8
Apr ’26n/a
SEK 335.88
0%
16.1%SEK 420.00SEK 251.00n/a8
Mar ’26SEK 301.30
SEK 339.25
+12.6%
16.1%SEK 420.00SEK 255.00n/a8
Feb ’26n/a
SEK 344.25
0%
15.4%SEK 420.00SEK 255.00n/a8
Jan ’26n/a
SEK 343.00
0%
15.7%SEK 420.00SEK 250.00n/a8
Dec ’25SEK 284.10
SEK 343.00
+20.7%
15.7%SEK 420.00SEK 250.00n/a8
Nov ’25n/a
SEK 339.13
0%
14.0%SEK 400.00SEK 250.00n/a8
Oct ’25n/a
SEK 328.00
0%
15.7%SEK 400.00SEK 245.00n/a8
Sep ’25SEK 311.70
SEK 321.13
+3.0%
15.9%SEK 400.00SEK 245.00n/a8
Aug ’25n/a
SEK 321.13
0%
15.9%SEK 400.00SEK 245.00n/a8
Jul ’25n/a
SEK 306.25
0%
17.5%SEK 400.00SEK 225.00n/a8
Jun ’25n/a
SEK 290.71
0%
19.2%SEK 400.00SEK 225.00n/a7
May ’25n/a
SEK 290.71
0%
19.2%SEK 400.00SEK 225.00SEK 250.707
Apr ’25n/a
SEK 258.14
0%
19.5%SEK 340.00SEK 195.00n/a7
Mar ’25n/a
SEK 252.38
0%
20.2%SEK 340.00SEK 180.00SEK 301.308
Feb ’25n/a
SEK 240.63
0%
18.3%SEK 320.00SEK 175.00n/a8
Jan ’25n/a
SEK 239.38
0%
18.1%SEK 320.00SEK 175.00n/a8
Dec ’24n/a
SEK 235.63
0%
15.8%SEK 290.00SEK 175.00SEK 284.108
Nov ’24n/a
SEK 237.63
0%
14.8%SEK 290.00SEK 175.00n/a8
Oct ’24n/a
SEK 228.13
0%
11.5%SEK 270.00SEK 176.00n/a8
Sep ’24SEK 202.40
SEK 227.13
+12.2%
12.4%SEK 270.00SEK 168.00SEK 311.708
Aug ’24n/a
SEK 227.13
0%
12.4%SEK 270.00SEK 168.00n/a8
Jul ’24SEK 203.00
SEK 224.38
+10.5%
13.9%SEK 270.00SEK 161.00n/a8
Jun ’24SEK 207.80
SEK 224.38
+8.0%
13.9%SEK 270.00SEK 161.00n/a8
May ’24SEK 203.80
SEK 209.63
+2.9%
15.9%SEK 250.00SEK 152.00n/a8
AnalystConsensusTarget
Consensus Narrative from 8 Analysts
SEK 331.74
Fair Value
24.4% undervalued intrinsic discount
8
Number of Analysts

Analyst Forecast: Target price is more than 20% higher than the current share price, but analysts are not within a statistically confident range of agreement.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/05/03 14:39
End of Day Share Price 2025/04/30 00:00
Earnings2025/03/31
Annual Earnings2024/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

AAK AB (publ.) is covered by 16 analysts. 7 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
null nullABG Sundal Collier
Setu ShardaBarclays
Alexander SloaneBarclays