Elopak ASA

LSE:0AB3 Stock Report

Market Cap: NOK 11.1b

Elopak Valuation

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

Valuation Score

3/6

Valuation Score 3/6

  • 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.

Discounted Cash Flow
Simply Wall St
NOK 31.98
Fair Value
28.6% overvalued intrinsic discount
5
Number of Analysts

Below Fair Value: 0AB3 (NOK41.14) is trading above our estimate of fair value (NOK31.98)

Significantly Below Fair Value: 0AB3 is trading above our estimate of fair value.

Key Valuation Metric

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

Key metric: As 0AB3 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 0AB3. This is calculated by dividing 0AB3's market cap by their current earnings.
What is 0AB3's PE Ratio?
PE Ratio14.3x
Earnings€66.26m
Market Cap€945.36m

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 Average29.1x
SMDS DS Smith
36x20.1%UK£8.1b
RBN Robinson
37.2x74.1%UK£20.1m
MSLH Marshalls
30.5x23.7%UK£659.3m
PAF Pan African Resources
12.7x31.7%UK£811.7m
0AB3 Elopak
14.3x9.8%NOK 11.1b

Price-To-Earnings vs Peers: 0AB3 is good value based on its Price-To-Earnings Ratio (14.3x) compared to the peer average (29.1x).

Price to Earnings Ratio vs Industry

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

1 CompanyPrice / EarningsEstimated GrowthMarket Cap
0AB3 14.3xIndustry Avg. 18.0xNo. of Companies7PE01224364860+
1 CompanyEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: 0AB3 is good value based on its Price-To-Earnings Ratio (14.3x) compared to the European Packaging industry average (18x).

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 Ratio14.3x
Fair PE Ratio13.2x

Price-To-Earnings vs Fair Ratio: 0AB3 is expensive based on its Price-To-Earnings Ratio (14.3x) compared to the estimated Fair Price-To-Earnings Ratio (13.2x).

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
CurrentNOK 41.14
NOK 49.71
+20.8%
7.2%NOK 54.99NOK 44.02n/a5
Jan ’26NOK 45.20
NOK 48.34
+7.0%
5.4%NOK 51.45NOK 44.34n/a4
Dec ’25NOK 44.09
NOK 47.73
+8.3%
5.5%NOK 50.99NOK 43.95n/a4
Nov ’25NOK 44.55
NOK 46.83
+5.1%
5.3%NOK 50.28NOK 44.05n/a4
Oct ’25NOK 43.15
NOK 44.83
+3.9%
9.4%NOK 50.02NOK 38.81n/a4
Sep ’25NOK 43.25
NOK 42.85
-0.9%
5.4%NOK 44.59NOK 38.89n/a4
Aug ’25NOK 38.75
NOK 41.88
+8.1%
6.2%NOK 44.12NOK 37.75n/a4
Jul ’25NOK 35.80
NOK 38.93
+8.8%
8.1%NOK 42.99NOK 34.96n/a4
Jun ’25NOK 36.45
NOK 37.18
+2.0%
9.4%NOK 42.92NOK 33.89n/a4
May ’25NOK 33.55
NOK 34.49
+2.8%
1.1%NOK 34.98NOK 34.03n/a3
Apr ’25NOK 33.95
NOK 31.80
-6.3%
6.2%NOK 34.00NOK 29.20n/a3
Mar ’25NOK 33.73
NOK 31.78
-5.8%
6.5%NOK 34.11NOK 29.12n/a3
Feb ’25NOK 29.35
NOK 30.70
+4.6%
4.4%NOK 32.34NOK 29.04NOK 41.143
Jan ’25NOK 30.05
NOK 31.07
+3.4%
9.6%NOK 33.94NOK 26.94NOK 45.203
Dec ’24NOK 26.36
NOK 31.07
+17.9%
9.6%NOK 33.94NOK 26.94NOK 44.093
Nov ’24NOK 22.09
NOK 28.73
+30.0%
13.2%NOK 33.20NOK 23.95NOK 44.553
Oct ’24NOK 21.72
NOK 28.35
+30.5%
12.7%NOK 32.66NOK 23.84NOK 43.153
Sep ’24NOK 22.05
NOK 28.14
+27.6%
13.0%NOK 32.86NOK 23.98NOK 43.253
Aug ’24NOK 22.20
NOK 27.09
+22.0%
8.4%NOK 30.32NOK 23.87NOK 38.754
Jul ’24NOK 23.35
NOK 28.58
+22.4%
9.6%NOK 31.99NOK 25.24NOK 35.803
Jun ’24NOK 24.40
NOK 28.58
+17.1%
9.6%NOK 31.99NOK 25.24NOK 36.453
May ’24NOK 24.10
NOK 26.38
+9.5%
7.5%NOK 28.82NOK 24.00NOK 33.553
Apr ’24NOK 21.75
NOK 26.29
+20.9%
6.3%NOK 28.02NOK 24.04NOK 33.953
Mar ’24NOK 23.15
NOK 26.07
+12.6%
6.4%NOK 28.12NOK 24.04NOK 33.733
Feb ’24NOK 23.95
NOK 26.18
+9.3%
8.0%NOK 29.02NOK 24.02NOK 29.353
Analyst Price Target
Consensus Narrative from 5 Analysts
NOK 49.57
Fair Value
17.0% undervalued intrinsic discount
5
Number of Analysts

Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/02/02 03:12
End of Day Share Price 2025/01/31 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

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 here.

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 .

Analyst Sources

Elopak ASA is covered by 7 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
Justin JordanBNP Paribas Exane
Charlie Muir-SandsBNP Paribas Exane