P/F Bakkafrost

LSE:0MQ2 Stock Report

Market Cap: NOK 38.7b

P/F Bakkafrost Valuation

Is 0MQ2 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

1/6

Valuation Score 1/6

  • 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 0MQ2 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 0MQ2 (NOK654.25) is trading above our estimate of fair value (NOK526.77)

Significantly Below Fair Value: 0MQ2 is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 0MQ2?

Key metric: As 0MQ2 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 0MQ2. This is calculated by dividing 0MQ2's market cap by their current earnings.
What is 0MQ2's PE Ratio?
PE Ratio43.4x
EarningsDKK 569.17m
Market CapDKK 24.69b

Price to Earnings Ratio vs Peers

How does 0MQ2's PE Ratio compare to its peers?

The above table shows the PE ratio for 0MQ2 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average19.1x
CWK Cranswick
23.1x8.7%UK£2.7b
TATE Tate & Lyle
21.1x19.3%UK£3.3b
PFD Premier Foods
15.5x6.3%UK£1.7b
GNC Greencore Group
16.6x10.7%UK£868.5m
0MQ2 P/F Bakkafrost
43.4x62.5%NOK 38.7b

Price-To-Earnings vs Peers: 0MQ2 is expensive based on its Price-To-Earnings Ratio (43.4x) compared to the peer average (19.1x).

Price to Earnings Ratio vs Industry

How does 0MQ2's PE Ratio compare vs other companies in the European Food Industry?

3 CompaniesPrice / EarningsEstimated GrowthMarket Cap
0MQ2 43.4xIndustry Avg. 13.4xNo. of Companies18PE0816243240+
3 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: 0MQ2 is expensive based on its Price-To-Earnings Ratio (43.4x) compared to the European Food industry average (13.4x).

Price to Earnings Ratio vs Fair Ratio

What is 0MQ2'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.

0MQ2 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio43.4x
Fair PE Ratio48.6x

Price-To-Earnings vs Fair Ratio: 0MQ2 is good value based on its Price-To-Earnings Ratio (43.4x) compared to the estimated Fair Price-To-Earnings Ratio (48.6x).

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 0MQ2 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentNOK 654.25
NOK 724.59
+10.8%
6.1%NOK 781.58NOK 660.09n/a7
Nov ’25NOK 659.88
NOK 724.48
+9.8%
7.0%NOK 804.42NOK 658.88n/a7
Oct ’25NOK 624.79
NOK 707.75
+13.3%
7.7%NOK 791.44NOK 633.15n/a6
Sep ’25NOK 572.33
NOK 712.01
+24.4%
9.7%NOK 794.53NOK 620.58n/a6
Aug ’25NOK 568.00
NOK 726.54
+27.9%
10.1%NOK 806.80NOK 624.14n/a6
Jul ’25NOK 542.66
NOK 706.01
+30.1%
11.5%NOK 802.96NOK 600.86n/a6
Jun ’25NOK 577.00
NOK 702.49
+21.7%
11.3%NOK 800.62NOK 600.66n/a6
May ’25NOK 680.05
NOK 708.12
+4.1%
14.1%NOK 812.70NOK 561.32n/a6
Apr ’25NOK 697.00
NOK 689.18
-1.1%
12.0%NOK 794.40NOK 563.31n/a7
Mar ’25NOK 663.00
NOK 648.50
-2.2%
12.5%NOK 779.75NOK 552.92n/a7
Feb ’25NOK 587.56
NOK 580.71
-1.2%
13.1%NOK 697.79NOK 499.33n/a7
Jan ’25NOK 532.18
NOK 534.96
+0.5%
12.4%NOK 687.87NOK 473.24n/a7
Dec ’24NOK 529.24
NOK 556.81
+5.2%
13.0%NOK 721.60NOK 494.25n/a7
Nov ’24NOK 501.76
NOK 580.73
+15.7%
16.6%NOK 810.65NOK 499.08NOK 659.887
Oct ’24NOK 547.84
NOK 600.14
+9.5%
12.3%NOK 748.75NOK 526.12NOK 624.796
Sep ’24NOK 535.29
NOK 622.26
+16.2%
11.7%NOK 754.01NOK 529.82NOK 572.336
Aug ’24NOK 593.53
NOK 726.56
+22.4%
7.2%NOK 810.48NOK 672.11NOK 568.006
Jul ’24NOK 645.06
NOK 765.35
+18.6%
7.4%NOK 838.53NOK 688.76NOK 542.666
Jun ’24NOK 745.91
NOK 777.91
+4.3%
8.6%NOK 884.36NOK 689.42NOK 577.006
May ’24NOK 775.80
NOK 754.08
-2.8%
7.8%NOK 883.19NOK 698.79NOK 680.057
Apr ’24NOK 665.97
NOK 710.62
+6.7%
9.0%NOK 852.74NOK 640.53NOK 697.007
Mar ’24NOK 681.40
NOK 684.54
+0.5%
10.5%NOK 849.84NOK 620.34NOK 663.007
Feb ’24NOK 606.26
NOK 626.41
+3.3%
4.3%NOK 667.13NOK 588.96NOK 587.567
Jan ’24NOK 620.50
NOK 589.70
-5.0%
7.5%NOK 650.03NOK 526.32NOK 532.187
Dec ’23NOK 552.56
NOK 569.08
+3.0%
5.6%NOK 626.05NOK 524.54NOK 529.246
Nov ’23NOK 519.48
NOK 619.85
+19.3%
16.9%NOK 844.54NOK 534.47NOK 501.766

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

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