AKVA group ASA

OB:AKVA Stock Report

Market Cap: NOK 2.5b

AKVA group Valuation

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

Valuation Score

2/6

Valuation Score 2/6

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

Below Fair Value: AKVA (NOK70.4) is trading below our estimate of fair value (NOK183.73)

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

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for AKVA. This is calculated by dividing AKVA's market cap by their current earnings.
What is AKVA's PE Ratio?
PE Ratio30.3x
EarningsNOK 84.24m
Market CapNOK 2.55b

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for AKVA vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average17.4x
CAMBI Cambi
17.3x13.3%NOK 2.3b
NKR Nekkar
10.4x2.6%NOK 1.0b
BMA Byggma
30xn/aNOK 1.0b
SCANA Scana
11.7x16.6%NOK 1.3b
AKVA AKVA group
30.3x31.2%NOK 2.6b

Price-To-Earnings vs Peers: AKVA is expensive based on its Price-To-Earnings Ratio (30.3x) compared to the peer average (17.4x).

Price to Earnings Ratio vs Industry

How does AKVA's PE Ratio compare vs other companies in the European Machinery Industry?

2 CompaniesPrice / EarningsEstimated GrowthMarket Cap
AKVA 30.3xIndustry Avg. 17.5xNo. of Companies28PE01020304050+
2 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: AKVA is expensive based on its Price-To-Earnings Ratio (30.3x) compared to the European Machinery industry average (17.5x).

Price to Earnings Ratio vs Fair Ratio

What is AKVA'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.

AKVA PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio30.3x
Fair PE Ratio24.6x

Price-To-Earnings vs Fair Ratio: AKVA is expensive based on its Price-To-Earnings Ratio (30.3x) compared to the estimated Fair Price-To-Earnings Ratio (24.6x).

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 AKVA forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentNOK 70.40
NOK 76.67
+8.9%
11.1%NOK 85.00NOK 65.00n/a3
Nov ’25NOK 62.40
NOK 77.50
+24.2%
3.2%NOK 80.00NOK 75.00n/a2
Sep ’25NOK 66.20
NOK 68.33
+3.2%
13.8%NOK 75.00NOK 55.00n/a3
Aug ’25NOK 62.60
NOK 65.67
+4.9%
11.6%NOK 72.00NOK 55.00n/a3
Jul ’25NOK 65.00
NOK 65.67
+1.0%
11.6%NOK 72.00NOK 55.00n/a3
Jun ’25NOK 63.00
NOK 65.00
+3.2%
10.9%NOK 70.00NOK 55.00n/a3
May ’25NOK 66.80
NOK 63.33
-5.2%
9.8%NOK 70.00NOK 55.00n/a3
Apr ’25NOK 69.80
NOK 57.00
-18.3%
3.8%NOK 60.00NOK 55.00n/a3
Mar ’25NOK 58.00
NOK 57.00
-1.7%
3.8%NOK 60.00NOK 55.00n/a3
Feb ’25NOK 56.60
NOK 61.67
+9.0%
10.1%NOK 70.00NOK 55.00n/a3
Jan ’25NOK 58.00
NOK 61.67
+6.3%
10.1%NOK 70.00NOK 55.00n/a3
Dec ’24NOK 62.60
NOK 65.00
+3.8%
6.3%NOK 70.00NOK 60.00n/a3
Nov ’24NOK 78.80
NOK 69.00
-12.4%
4.3%NOK 72.00NOK 65.00NOK 62.403
Oct ’24NOK 78.80
NOK 69.00
-12.4%
4.3%NOK 72.00NOK 65.00NOK 55.403
Sep ’24NOK 64.00
NOK 69.00
+7.8%
4.3%NOK 72.00NOK 65.00NOK 66.203
Aug ’24NOK 60.00
NOK 68.33
+13.9%
3.4%NOK 70.00NOK 65.00NOK 62.603
Jul ’24NOK 66.40
NOK 67.50
+1.7%
3.7%NOK 70.00NOK 65.00NOK 65.002
Jun ’24NOK 61.80
NOK 67.50
+9.2%
3.7%NOK 70.00NOK 65.00NOK 63.002
Feb ’24NOK 71.60
NOK 62.50
-12.7%
20.0%NOK 75.00NOK 50.00NOK 56.602
Jan ’24NOK 57.00
NOK 62.50
+9.6%
20.0%NOK 75.00NOK 50.00NOK 58.002
Dec ’23NOK 51.40
NOK 62.50
+21.6%
20.0%NOK 75.00NOK 50.00NOK 62.602
Nov ’23NOK 49.70
NOK 68.50
+37.8%
9.5%NOK 75.00NOK 62.00NOK 78.802

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

Discover undervalued companies

Zaptec

NOK 841.5m

Engages in the development and sale of chargers, charging systems, and services for electric car charging in Norway, Sweden, Switzerland, Denmark, Iceland, rest of Europe, and internationally.

ZAP

NOK 9.64

7D

3.0%

1Y

-41.3%

Veidekke

NOK 18.4b

Operates as a construction and property development company in Norway, Sweden, and Denmark.

VEI

NOK 136.40

7D

3.0%

1Y

33.7%

Hexagon Composites

NOK 9.4b

Engages in the manufacture and sale of composite pressure cylinders and fuel systems for alternative fuels worldwide.

HEX

NOK 44.80

7D

-0.1%

1Y

76.7%