P/F Bakkafrost

BATS-CHIXE:BAKKAO Stock Report

Market Cap: NOK 36.2b

P/F Bakkafrost Valuation

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

Discounted Cash Flow
Simply Wall St
NOK 2.28k
Fair Value
72.8% undervalued intrinsic discount
8
Number of Analysts

Below Fair Value: BAKKAO (NOK620.5) is trading below our estimate of fair value (NOK2277.78)

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

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for BAKKAO. This is calculated by dividing BAKKAO's market cap by their current earnings.
What is BAKKAO's PE Ratio?
PE Ratio40.9x
EarningsDKK 569.17m
Market CapDKK 23.27b

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for BAKKAO vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average18.9x
CWK Cranswick
23x8.0%UK£2.7b
TATE Tate & Lyle
18.4x14.3%UK£2.9b
PFD Premier Foods
15.2x7.1%UK£1.7b
GNC Greencore Group
19.2x12.5%UK£887.7m
BAKKAO P/F Bakkafrost
40.9x45.0%NOK 36.2b

Price-To-Earnings vs Peers: BAKKAO is expensive based on its Price-To-Earnings Ratio (40.9x) compared to the peer average (18.9x).

Price to Earnings Ratio vs Industry

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

4 CompaniesPrice / EarningsEstimated GrowthMarket Cap
No. of Companies18PE01020304050+
4 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: BAKKAO is expensive based on its Price-To-Earnings Ratio (40.9x) compared to the European Food industry average (14.1x).

Price to Earnings Ratio vs Fair Ratio

What is BAKKAO'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.

BAKKAO PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio40.9x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate BAKKAO'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 BAKKAO forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentNOK 620.50
NOK 710.37
+14.5%
7.8%NOK 780.86NOK 614.65n/a8
Feb ’26NOK 650.00
NOK 717.03
+10.3%
7.2%NOK 787.63NOK 632.04n/a8
Jan ’26n/a
NOK 724.64
0%
7.5%NOK 793.94NOK 631.49n/a8
Dec ’25NOK 655.00
NOK 725.94
+10.8%
6.1%NOK 781.58NOK 660.09n/a7
Nov ’25NOK 652.00
NOK 724.48
+11.1%
7.0%NOK 804.42NOK 658.88n/a7
Oct ’25n/a
NOK 707.75
0%
7.7%NOK 791.44NOK 633.15n/a6
Sep ’25NOK 556.75
NOK 712.01
+27.9%
9.7%NOK 794.53NOK 620.58n/a6
Aug ’25n/a
NOK 726.54
0%
10.1%NOK 806.80NOK 624.14n/a6
Jul ’25n/a
NOK 706.01
0%
11.5%NOK 802.96NOK 600.86n/a6
Jun ’25NOK 580.75
NOK 702.49
+21.0%
11.3%NOK 800.62NOK 600.66n/a6
May ’25NOK 658.50
NOK 708.12
+7.5%
14.1%NOK 812.70NOK 561.32n/a6
Apr ’25n/a
NOK 689.18
0%
12.0%NOK 794.40NOK 563.31n/a7
Mar ’25NOK 653.50
NOK 648.50
-0.8%
12.5%NOK 779.75NOK 552.92n/a7
Feb ’25n/a
NOK 580.71
0%
13.1%NOK 697.79NOK 499.33NOK 650.007
Jan ’25n/a
NOK 534.96
0%
12.4%NOK 687.87NOK 473.24n/a7
Dec ’24n/a
NOK 556.81
0%
13.0%NOK 721.60NOK 494.25NOK 655.007
Nov ’24n/a
NOK 580.73
0%
16.6%NOK 810.65NOK 499.08NOK 652.007
Oct ’24NOK 546.00
NOK 600.14
+9.9%
12.3%NOK 748.75NOK 526.12n/a6
Sep ’24NOK 534.25
NOK 622.26
+16.5%
11.7%NOK 754.01NOK 529.82NOK 556.756
Aug ’24NOK 596.25
NOK 726.56
+21.9%
7.2%NOK 810.48NOK 672.11n/a6
Jul ’24NOK 645.25
NOK 765.35
+18.6%
7.4%NOK 838.53NOK 688.76n/a6
Jun ’24NOK 724.00
NOK 777.91
+7.4%
8.6%NOK 884.36NOK 689.42NOK 580.756
May ’24NOK 774.50
NOK 754.08
-2.6%
7.8%NOK 883.19NOK 698.79NOK 658.507
Apr ’24NOK 662.25
NOK 710.62
+7.3%
9.0%NOK 852.74NOK 640.53n/a7
Mar ’24NOK 679.00
NOK 684.54
+0.8%
10.5%NOK 849.84NOK 620.34NOK 653.507
Feb ’24NOK 614.50
NOK 626.41
+1.9%
4.3%NOK 667.13NOK 588.96n/a7
Analyst Price Target
Consensus Narrative from 8 Analysts
NOK 720.82
Fair Value
13.9% undervalued intrinsic discount
8
Number of Analysts

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

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/02/08 14:13
End of Day Share Price 2025/02/04 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

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

P/F Bakkafrost is covered by 16 analysts. 8 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
Knut LøvstadBeringer Finance AB
Alexander JonesBofA Global Research