P/F Bakkafrost

BATS-CHIXE:BAKKAO Stock Report

Market Cap: NOK 38.0b

P/F Bakkafrost Valuation

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

Valuation Score

0/6

Valuation Score 0/6

  • 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.

Below Fair Value: BAKKAO (NOK664.5) is trading above our estimate of fair value (NOK545.56)

Significantly Below Fair Value: BAKKAO is trading above our estimate of fair value.

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 Ratio42.5x
EarningsDKK 569.17m
Market CapDKK 24.22b

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 Average18.8x
CWK Cranswick
23.2x8.5%UK£2.6b
TATE Tate & Lyle
20.9x19.3%UK£3.2b
PFD Premier Foods
14.9x6.3%UK£1.6b
GNC Greencore Group
16.3x10.7%UK£848.7m
BAKKAO P/F Bakkafrost
42.5x62.5%NOK 38.0b

Price-To-Earnings vs Peers: BAKKAO is expensive based on its Price-To-Earnings Ratio (42.5x) compared to the peer average (18.8x).

Price to Earnings Ratio vs Industry

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

3 CompaniesPrice / EarningsEstimated GrowthMarket Cap
No. of Companies19PE0816243240+
3 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: BAKKAO is expensive based on its Price-To-Earnings Ratio (42.5x) compared to the European Food industry average (13.5x).

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 Ratio42.5x
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 664.50
NOK 724.59
+9.0%
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 499.33n/a7
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 494.25n/a7
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
Jan ’24NOK 614.00
NOK 589.70
-4.0%
7.5%NOK 650.03NOK 526.32n/a7
Dec ’23NOK 552.50
NOK 569.08
+3.0%
5.6%NOK 626.05NOK 524.54n/a6
Nov ’23NOK 519.75
NOK 619.85
+19.3%
16.9%NOK 844.54NOK 534.47n/a6

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

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