Elopak ASA

LSE:0AB3 Stock Report

Market Cap: kr9.1b

Elopak Valuation

Is 0AB3 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

5/6

Valuation Score 5/6

  • 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 0AB3 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 0AB3 (NOK33.6) is trading below our estimate of fair value (NOK58.83)

Significantly Below Fair Value: 0AB3 is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 0AB3?

Other financial metrics that can be useful for relative valuation.

0AB3 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/Revenue1x
Enterprise Value/EBITDA8.1x
PEG Ratio3.7x

Price to Earnings Ratio vs Peers

How does 0AB3's PE Ratio compare to its peers?

The above table shows the PE ratio for 0AB3 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average27.9x
SMDS DS Smith
10.9x3.8%UK£5.1b
IBST Ibstock
29.4x26.4%UK£618.3m
ATYM Atalaya Mining
26.5x33.2%UK£664.8m
MSLH Marshalls
44.7x29.7%UK£831.4m
0AB3 Elopak
11.5x3.1%kr9.1b

Price-To-Earnings vs Peers: 0AB3 is good value based on its Price-To-Earnings Ratio (11.5x) compared to the peer average (27.9x).

Price to Earnings Ratio vs Industry

How does 0AB3's PE Ratio compare vs other companies in the European Packaging Industry?

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a12.3%
 n/an/an/a
No. of CompaniesPE048121620

Fetching data

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a12.3%
 n/an/an/a
No more companies

Price-To-Earnings vs Industry: 0AB3 is good value based on its Price-To-Earnings Ratio (11.5x) compared to the European Packaging industry average (15.4x).

Price to Earnings Ratio vs Fair Ratio

What is 0AB3'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.

0AB3 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio11.5x
Fair PE Ratio12.7x

Price-To-Earnings vs Fair Ratio: 0AB3 is good value based on its Price-To-Earnings Ratio (11.5x) compared to the estimated Fair Price-To-Earnings Ratio (12.7x).

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 0AB3 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Currentkr33.60
kr37.80
+12.5%
9.6%kr43.96kr34.63n/a4
May ’25kr33.55
kr34.47
+2.7%
1.0%kr34.90kr34.03n/a3
Apr ’25kr33.95
kr31.77
-6.4%
6.1%kr33.92kr29.20n/a3
Mar ’25kr33.73
kr31.78
-5.8%
6.5%kr34.11kr29.12n/a3
Feb ’25kr29.35
kr30.70
+4.6%
4.4%kr32.34kr29.04n/a3
Jan ’25kr30.05
kr31.07
+3.4%
9.6%kr33.94kr26.94n/a3
Dec ’24kr26.36
kr31.07
+17.9%
9.6%kr33.94kr26.94n/a3
Nov ’24kr22.09
kr28.73
+30.0%
13.2%kr33.20kr23.95n/a3
Oct ’24kr21.72
kr28.35
+30.5%
12.7%kr32.66kr23.84n/a3
Sep ’24kr22.05
kr28.14
+27.6%
13.0%kr32.86kr23.98n/a3
Aug ’24kr22.20
kr27.09
+22.0%
8.4%kr30.32kr23.87n/a4
Jul ’24kr23.35
kr28.58
+22.4%
9.6%kr31.99kr25.24n/a3
Jun ’24kr24.40
kr28.58
+17.1%
9.6%kr31.99kr25.24n/a3
May ’24kr24.10
kr26.38
+9.5%
7.5%kr28.82kr24.00kr33.553
Apr ’24kr21.75
kr26.29
+20.9%
6.3%kr28.02kr24.04kr33.953
Mar ’24kr23.15
kr26.07
+12.6%
6.4%kr28.12kr24.04kr33.733
Feb ’24kr23.95
kr26.18
+9.3%
8.0%kr29.02kr24.02kr29.353
Jan ’24kr25.00
kr25.32
+1.3%
9.8%kr28.57kr22.57kr30.053
Dec ’23kr24.83
kr24.16
-2.7%
9.9%kr28.01kr22.13kr26.364
Nov ’23kr23.45
kr24.16
+3.0%
9.9%kr28.01kr22.13kr22.094
Oct ’23kr19.54
kr23.47
+20.1%
19.3%kr30.89kr18.98kr21.724
Sep ’23kr19.94
kr22.23
+11.5%
18.2%kr28.98kr18.65kr22.054
Aug ’23kr18.30
kr19.67
+7.5%
22.8%kr27.12kr15.97kr22.204
Jul ’23kr16.28
kr19.84
+21.8%
23.1%kr27.43kr15.91kr23.354
Jun ’23kr16.35
kr19.48
+19.1%
22.8%kr27.06kr16.37kr24.404
May ’23kr14.06
kr19.72
+40.2%
24.1%kr27.87kr15.96kr24.104

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

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