AKVA group ASA

OB:AKVA Stock Report

Market Cap: NOK 2.4b

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 (NOK67.4) is trading below our estimate of fair value (NOK180.87)

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 Ratio29.1x
EarningsNOK 84.24m
Market CapNOK 2.45b

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 Average17.5x
CAMBI Cambi
17.2x25.3%NOK 2.3b
NKR Nekkar
10.5x2.6%NOK 1.0b
BMA Byggma
31.2xn/aNOK 1.1b
SCANA Scana
11.1x16.6%NOK 1.2b
AKVA AKVA group
29.1x28.2%NOK 2.4b

Price-To-Earnings vs Peers: AKVA is expensive based on its Price-To-Earnings Ratio (29.1x) compared to the peer average (17.5x).

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 29.1xIndustry Avg. 17.5xNo. of Companies26PE01020304050+
2 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: AKVA is expensive based on its Price-To-Earnings Ratio (29.1x) 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 Ratio29.1x
Fair PE Ratio22.7x

Price-To-Earnings vs Fair Ratio: AKVA is expensive based on its Price-To-Earnings Ratio (29.1x) compared to the estimated Fair Price-To-Earnings Ratio (22.7x).

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 AKVA forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentNOK 67.40
NOK 76.67
+13.7%
11.1%NOK 85.00NOK 65.00n/a3
Dec ’25NOK 70.00
NOK 76.67
+9.5%
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 60.00NOK 70.003
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

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

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/27 16:08
End of Day Share Price 2024/12/23 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

AKVA group ASA is covered by 6 analysts. 3 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Knut LøvstadBeringer Finance AB
Ola TrovatnDNB Markets
Mindaugas CekanaviciusNorne Securities AS