Grieg Seafood Valuation

Q: What is the Fair Price of GSFO when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

GSFO (NOK65.23) is trading below our estimate of [[fair value]] (NOK1113.97)

Is GSFO 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-Sales vs Peers
Price-To-Sales vs Industry
Price-To-Sales vs Fair Ratio
Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of GSFO when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: GSFO (NOK65.23) is trading below our estimate of fair value (NOK1113.97)

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

Key Valuation Metric

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

Other financial metrics that can be useful for relative valuation.

The above table shows the n/a ratio for GSFO. This is calculated by dividing GSFO's market cap by their current preferred multiple.
What is GSFO's n/a Ratio?
n/a	0x
n/a	n/a
Market Cap	NOK 7.71b

GSFO key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue	1.9x
Enterprise Value/EBITDA	-837.5x
PEG Ratio	n/a

Price to Sales Ratio vs Peers

How does GSFO's PS Ratio compare to its peers?

The above table shows the PS ratio for GSFO vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
Company	Forward PS	Estimated Growth	Market Cap
Peer Average	0.9x
HOTC Hotel Chocolat Group	2.6x	5.4%	UK£526.6m
MHPC MHP	0.1x	n/a	US$442.1m
GNC Greencore Group	0.5x	1.8%	UK£938.5m
HFG Hilton Food Group	0.2x	3.6%	UK£819.9m
GSFO Grieg Seafood	1.1x	11.6%	NOK 7.7b

Price-To-Sales vs Peers: GSFO is expensive based on its Price-To-Sales Ratio (1.1x) compared to the peer average (0.9x).

Price to Earnings Ratio vs Industry

How does GSFO's PE Ratio compare vs other companies in the GB Food Industry?

0 Companies	Price / Earnings	Estimated Growth	Market Cap
Industry Avg.	n/a	8.3%
	n/a	n/a	n/a

Fetching data

0 Companies	Price / Earnings	Estimated Growth	Market Cap
Industry Avg.	n/a	8.3%
	n/a	n/a	n/a

No more companies

Price-To-Sales vs Industry: GSFO is expensive based on its Price-To-Sales Ratio (1.1x) compared to the UK Food industry average (0.7x).

Price to Sales Ratio vs Fair Ratio

What is GSFO's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

GSFO PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio	1.1x
Fair PS Ratio	n/a

Price-To-Sales vs Fair Ratio: Insufficient data to calculate GSFO's Price-To-Sales 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 GSFO forecast and predictions for the stock price in 12 month’s time.
Date	Share Price	Average 1Y Price Target	Dispersion	High	Low	1Y Actual price	Analysts
Current	n/a	NOK 61.83 0%	19.0%	NOK 71.00	NOK 42.00	n/a	6
Oct ’25	n/a	NOK 61.50 0%	20.7%	NOK 79.00	NOK 42.00	n/a	6
Sep ’25	n/a	NOK 63.00 0%	18.5%	NOK 79.00	NOK 42.00	n/a	6
Aug ’25	n/a	NOK 75.00 0%	18.2%	NOK 90.00	NOK 55.00	n/a	6
Jul ’25	n/a	NOK 75.33 0%	17.6%	NOK 90.00	NOK 55.00	n/a	6
Jun ’25	n/a	NOK 75.67 0%	14.4%	NOK 90.00	NOK 55.00	n/a	6
May ’25	n/a	NOK 71.83 0%	11.2%	NOK 80.00	NOK 55.00	n/a	6
Apr ’25	n/a	NOK 72.67 0%	11.8%	NOK 80.00	NOK 55.00	n/a	6
Mar ’25	n/a	NOK 71.17 0%	13.6%	NOK 80.00	NOK 55.00	n/a	6
Feb ’25	n/a	NOK 75.50 0%	12.4%	NOK 85.00	NOK 61.00	n/a	6
Jan ’25	n/a	NOK 77.80 0%	8.3%	NOK 85.00	NOK 66.00	n/a	6
Dec ’24	n/a	NOK 77.36 0%	9.1%	NOK 85.00	NOK 66.00	n/a	5
Nov ’24	n/a	NOK 87.25 0%	3.2%	NOK 90.00	NOK 83.50	n/a	6
Oct ’24	n/a	NOK 89.64 0%	4.8%	NOK 96.20	NOK 85.00	n/a	5
Sep ’24	n/a	NOK 89.64 0%	4.8%	NOK 96.20	NOK 85.00	n/a	5
Aug ’24	n/a	NOK 100.20 0%	5.5%	NOK 105.00	NOK 90.00	n/a	5
Jul ’24	n/a	NOK 97.33 0%	8.4%	NOK 105.00	NOK 83.00	n/a	6
Jun ’24	NOK 86.00	NOK 98.00 +14.0%	7.8%	NOK 105.00	NOK 83.00	n/a	6
May ’24	NOK 86.18	NOK 90.95 +5.5%	6.9%	NOK 100.00	NOK 83.00	n/a	6
Apr ’24	n/a	NOK 87.95 0%	7.4%	NOK 100.00	NOK 80.00	n/a	6
Mar ’24	n/a	NOK 87.45 0%	7.3%	NOK 100.00	NOK 80.00	n/a	6
Feb ’24	n/a	NOK 91.83 0%	12.5%	NOK 115.00	NOK 81.00	n/a	6
Jan ’24	n/a	NOK 83.67 0%	7.0%	NOK 90.00	NOK 73.00	n/a	6
Dec ’23	NOK 69.90	NOK 82.83 +18.5%	7.8%	NOK 90.00	NOK 73.00	n/a	6
Nov ’23	NOK 72.65	NOK 91.00 +25.3%	13.1%	NOK 110.00	NOK 79.00	n/a	5
Oct ’23	NOK 70.00	NOK 146.20 +108.9%	22.2%	NOK 170.00	NOK 83.00	n/a	5

Analyst Forecast: Target price is lower than the current share price.