AF Gruppen Valuation

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

Valuation Score

0/6

Valuation Score 0/6

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

Below Fair Value: AFG (NOK134.6) is trading above our estimate of fair value (NOK111.56)

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


Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for AFG. This is calculated by dividing AFG's market cap by their current earnings.
What is AFG's PE Ratio?
PE Ratio28.9x
EarningsNOK 508.00m
Market CapNOK 14.68b

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for AFG vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average22x
VEI Veidekke
13.6x4.9%NOK 17.7b
NORCO Norconsult
30.6x30.1%NOK 11.2b
BONHR Bonheur
9.4x-14.4%NOK 11.0b
AFK Arendals Fossekompani
34.4x-50.7%NOK 8.4b
AFG AF Gruppen
28.9x25.8%NOK 14.7b

Price-To-Earnings vs Peers: AFG is expensive based on its Price-To-Earnings Ratio (28.9x) compared to the peer average (22x).


Price to Earnings Ratio vs Industry

How does AFG's PE Ratio compare vs other companies in the European Construction Industry?

1 CompanyPrice / EarningsEstimated GrowthMarket Cap
AFG 28.9xIndustry Avg. 12.8xNo. of Companies18PE01020304050+
1 CompanyEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: AFG is expensive based on its Price-To-Earnings Ratio (28.9x) compared to the European Construction industry average (12.7x).


Price to Earnings Ratio vs Fair Ratio

What is AFG'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.

AFG PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio28.9x
Fair PE Ratio25.5x

Price-To-Earnings vs Fair Ratio: AFG is expensive based on its Price-To-Earnings Ratio (28.9x) compared to the estimated Fair Price-To-Earnings Ratio (25.5x).


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Insufficient data to show price forecast.


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