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Aker Offshore Wind Valuation

Is AOW 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-Book vs Peers

  • Price-To-Book vs Industry

  • Price-To-Book vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

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

Below Fair Value: Insufficient data to calculate AOW's fair value for valuation analysis.

Significantly Below Fair Value: Insufficient data to calculate AOW's fair value for valuation analysis.


Key Valuation Metric

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

Key metric: As AOW barely has revenue we use its Price-To-Book Ratio for relative valuation analysis.

The above table shows the Price to Book ratio for AOW. This is calculated by dividing AOW's market cap by their current book value.
What is AOW's PB Ratio?
PB Ratio3.3x
BookNOK 414.88m
Market CapNOK 1.36b

Price to Book Ratio vs Peers

How does AOW's PB Ratio compare to its peers?

The above table shows the PB ratio for AOW vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PBEstimated GrowthMarket Cap
Peer Average0.6x
IWS Integrated Wind Solutions
0.9x63.6%NOK 1.5b
NRC NRC Group
0.4x128.0%NOK 721.5m
ARGEO Argeo
0.7x70.8%NOK 348.2m
BWIDL BW Ideol
0.4x19.9%NOK 371.8m
AOW Aker Offshore Wind
3.3x17.0%NOK 1.4b

Price-To-Book vs Peers: AOW is expensive based on its Price-To-Book Ratio (3.3x) compared to the peer average (0.9x).


Price to Book Ratio vs Industry

How does AOW's PB Ratio compare vs other companies in the European Construction Industry?

11 CompaniesPrice / BookEstimated GrowthMarket Cap
AOW 3.3xIndustry Avg. 1.4xNo. of Companies22PB012345+
11 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Book vs Industry: AOW is expensive based on its Price-To-Book Ratio (3.3x) compared to the Norwegian Construction industry average (1.5x)


Price to Book Ratio vs Fair Ratio

What is AOW's PB Ratio compared to its Fair PB Ratio? This is the expected PB Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

AOW PB Ratio vs Fair Ratio.
Fair Ratio
Current PB Ratio3.3x
Fair PB Ration/a

Price-To-Book vs Fair Ratio: Insufficient data to calculate AOW's Price-To-Book Fair Ratio for valuation analysis.


Analyst Price Targets

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

Analyst Forecast: Price is more than 20% discount but analysts are not within a statistically confident range of agreement.


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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2022/06/20 08:09
End of Day Share Price 2022/06/17 00:00
Earnings2022/03/31
Annual Earnings2021/12/31

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.

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 Github.

Analyst Sources

Aker Offshore Wind AS is covered by 4 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
Chr. Frederik LundeCarnegie Investment Bank AB
Jørgen TorstensenFearnley Securities
Jørgen BruasetNordea Markets