AF Gruppen Valuation

Q: What is the Fair Price of AFG when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

AFG (NOK119.8) is trading below our estimate of [[fair value]] (NOK124.55)

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

Below Fair Value: AFG (NOK119.8) is trading below our estimate of fair value (NOK124.55)

Significantly Below Fair Value: AFG is trading below fair value, but not by a significant amount.

Key Valuation Metric

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

Other financial metrics that can be useful for relative valuation.

The above table shows the n/a ratio for AFG. This is calculated by dividing AFG's market cap by their current preferred multiple.
What is AFG's n/a Ratio?
n/a	0x
n/a	n/a
Market Cap	NOK 13.00b

AFG 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/Revenue	0.5x
Enterprise Value/EBITDA	16.4x
PEG Ratio	1.1x

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.
Company	Forward PE	Estimated Growth	Market Cap
Peer Average	31.4x
VEI Veidekke	12.6x	5.1%	NOK 16.1b
NORCO Norconsult	25.2x	25.5%	NOK 10.0b
BONHR Bonheur	10.8x	-20.1%	NOK 11.2b
TOM Tomra Systems	77.2x	43.0%	NOK 45.0b
AFG AF Gruppen	36.8x	33.9%	NOK 13.0b

Price-To-Earnings vs Peers: AFG is expensive based on its Price-To-Earnings Ratio (36.8x) compared to the peer average (31.4x).

Price to Earnings Ratio vs Industry

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

0 Companies	Price / Earnings	Estimated Growth	Market Cap
Industry Avg.	n/a	40.6%
	n/a	n/a	n/a

Fetching data

0 Companies	Price / Earnings	Estimated Growth	Market Cap
Industry Avg.	n/a	40.6%
	n/a	n/a	n/a

No more companies

Price-To-Earnings vs Industry: AFG is expensive based on its Price-To-Earnings Ratio (36.8x) compared to the European Construction industry average (13.4x).

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 Ratio	36.8x
Fair PE Ratio	30.5x

Price-To-Earnings vs Fair Ratio: AFG is expensive based on its Price-To-Earnings Ratio (36.8x) compared to the estimated Fair Price-To-Earnings Ratio (30.5x).

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.