Elopak ASA

BATS-CHIXE:ELOO Stock Report

Market Cap: NOK 10.7b

Elopak Valuation

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

Valuation Score

4/6

Valuation Score 4/6

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

Discounted Cash Flow
Simply Wall St
NOK 102.77
Fair Value
60.9% undervalued intrinsic discount
5
Number of Analysts

Below Fair Value: ELOO (NOK40.23) is trading below our estimate of fair value (NOK102.77)

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

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for ELOO. This is calculated by dividing ELOO's market cap by their current earnings.
What is ELOO's PE Ratio?
PE Ratio15.2x
Earnings€60.31m
Market Cap€919.68m

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for ELOO vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average42.7x
RBN Robinson
37.2x74.1%UK£20.1m
MSLH Marshalls
30.2x23.7%UK£651.7m
PAF Pan African Resources
10.8x37.9%UK£717.4m
IBST Ibstock
92.6x37.5%UK£671.4m
ELOO Elopak
15.2x10.4%NOK 10.7b

Price-To-Earnings vs Peers: ELOO is good value based on its Price-To-Earnings Ratio (15.2x) compared to the peer average (42.7x).

Price to Earnings Ratio vs Industry

How does ELOO's PE Ratio compare vs other companies in the European Packaging Industry?

1 CompanyPrice / EarningsEstimated GrowthMarket Cap
No. of Companies6PE01224364860+
1 CompanyEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: ELOO is good value based on its Price-To-Earnings Ratio (15.2x) compared to the European Packaging industry average (16.6x).

Price to Earnings Ratio vs Fair Ratio

What is ELOO'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.

ELOO PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio15.2x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate ELOO'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 ELOO forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentNOK 40.23
NOK 47.87
+19.0%
4.9%NOK 50.23NOK 44.06n/a5
Feb ’26n/a
NOK 49.67
0%
7.2%NOK 54.93NOK 44.02n/a5
Jan ’26n/a
NOK 48.34
0%
5.4%NOK 51.45NOK 44.34n/a4
Dec ’25n/a
NOK 47.73
0%
5.5%NOK 50.99NOK 43.95n/a4
Nov ’25n/a
NOK 46.83
0%
5.3%NOK 50.28NOK 44.05n/a4
Oct ’25n/a
NOK 44.83
0%
9.4%NOK 50.02NOK 38.81n/a4
Sep ’25n/a
NOK 42.85
0%
5.4%NOK 44.59NOK 38.89n/a4
Aug ’25n/a
NOK 41.88
0%
6.2%NOK 44.12NOK 37.75n/a4
Jul ’25NOK 35.25
NOK 38.93
+10.4%
8.1%NOK 42.99NOK 34.96n/a4
Jun ’25n/a
NOK 37.18
0%
9.4%NOK 42.92NOK 33.89n/a4
May ’25n/a
NOK 34.49
0%
1.1%NOK 34.98NOK 34.03n/a3
Apr ’25n/a
NOK 31.80
0%
6.2%NOK 34.00NOK 29.20n/a3
Mar ’25n/a
NOK 31.78
0%
6.5%NOK 34.11NOK 29.12n/a3
Feb ’25n/a
NOK 30.70
0%
4.4%NOK 32.34NOK 29.04n/a3
Jan ’25n/a
NOK 31.07
0%
9.6%NOK 33.94NOK 26.94n/a3
Dec ’24n/a
NOK 31.07
0%
9.6%NOK 33.94NOK 26.94n/a3
Nov ’24n/a
NOK 28.73
0%
13.2%NOK 33.20NOK 23.95n/a3
Oct ’24n/a
NOK 28.35
0%
12.7%NOK 32.66NOK 23.84n/a3
Sep ’24n/a
NOK 28.14
0%
13.0%NOK 32.86NOK 23.98n/a3
Aug ’24n/a
NOK 27.09
0%
8.4%NOK 30.32NOK 23.87n/a4
Jul ’24n/a
NOK 28.58
0%
9.6%NOK 31.99NOK 25.24NOK 35.253
Jun ’24n/a
NOK 28.58
0%
9.6%NOK 31.99NOK 25.24n/a3
May ’24n/a
NOK 26.38
0%
7.5%NOK 28.82NOK 24.00n/a3
Apr ’24n/a
NOK 26.29
0%
6.3%NOK 28.02NOK 24.04n/a3
Mar ’24NOK 23.10
NOK 26.07
+12.8%
6.4%NOK 28.12NOK 24.04n/a3
Feb ’24n/a
NOK 26.18
0%
8.0%NOK 29.02NOK 24.02n/a3
Analyst Price Target
Consensus Narrative from 5 Analysts
NOK 48.26
Fair Value
16.7% undervalued intrinsic discount
5
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 Analysis2025/02/16 23:16
End of Day Share Price 2025/02/14 00:00
Earnings2024/12/31
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

Elopak ASA is covered by 6 analysts. 5 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
Charlie Muir-SandsBNP Paribas Exane
Niclas GehinDNB Markets