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ACC

Aker Carbon Capture OB:ACC Stock Report

Last Price

kr23.56

Market Cap

kr13.9b

7D

4.2%

1Y

6.5%

Updated

10 Aug, 2022

Data

Company Financials +
ACC fundamental analysis
Snowflake Score
Valuation2/6
Future Growth5/6
Past Performance0/6
Financial Health6/6
Dividends0/6

ACC Stock Overview

Aker Carbon Capture ASA provides products, technology, and solutions within the field of carbon capture technologies, utilization, and storage in Norway and internationally.

Aker Carbon Capture Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Aker Carbon Capture
Historical stock prices
Current Share Pricekr23.56
52 Week Highkr34.95
52 Week Lowkr12.72
Beta0
1 Month Change25.82%
3 Month Change40.74%
1 Year Change6.51%
3 Year Changen/a
5 Year Changen/a
Change since IPO366.54%

Recent News & Updates

Jul 17
New Forecasts: Here's What Analysts Think The Future Holds For Aker Carbon Capture ASA (OB:ACC)

New Forecasts: Here's What Analysts Think The Future Holds For Aker Carbon Capture ASA (OB:ACC)

Celebrations may be in order for Aker Carbon Capture ASA ( OB:ACC ) shareholders, with the analysts delivering a...

Jun 13
Are Investors Undervaluing Aker Carbon Capture ASA (OB:ACC) By 23%?

Are Investors Undervaluing Aker Carbon Capture ASA (OB:ACC) By 23%?

In this article we are going to estimate the intrinsic value of Aker Carbon Capture ASA ( OB:ACC ) by taking the...

Shareholder Returns

ACCNO Commercial ServicesNO Market
7D4.2%3.7%0.3%
1Y6.5%-15.3%9.5%

Return vs Industry: ACC exceeded the Norwegian Commercial Services industry which returned -15.3% over the past year.

Return vs Market: ACC underperformed the Norwegian Market which returned 9.5% over the past year.

Price Volatility

Is ACC's price volatile compared to industry and market?
ACC volatility
ACC Average Weekly Movement8.9%
Commercial Services Industry Average Movement7.0%
Market Average Movement6.9%
10% most volatile stocks in NO Market12.6%
10% least volatile stocks in NO Market3.8%

Stable Share Price: ACC is not significantly more volatile than the rest of Norwegian stocks over the past 3 months, typically moving +/- 9% a week.

Volatility Over Time: ACC's weekly volatility (9%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
2020101Valborg Lundegaardhttps://akercarboncapture.com

Aker Carbon Capture ASA provides products, technology, and solutions within the field of carbon capture technologies, utilization, and storage in Norway and internationally. The company’s carbon capture process uses a mixture of water and organic amine solvents to absorb the CO2 that can be applied on emissions from various sources, including gas, coal, cement, refineries, and waste-to-energy through to hydrogen and other process industries. It offers carbon capture plants under the Just Catch and Big Catch brands, as well as mobile test units.

Aker Carbon Capture Fundamentals Summary

How do Aker Carbon Capture's earnings and revenue compare to its market cap?
ACC fundamental statistics
Market Capkr13.92b
Earnings (TTM)-kr229.72m
Revenue (TTM)kr568.37m

25.0x

P/S Ratio

-62.0x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
ACC income statement (TTM)
Revenuekr568.37m
Cost of Revenuekr508.96m
Gross Profitkr59.41m
Other Expenseskr289.13m
Earnings-kr229.72m

Last Reported Earnings

Jun 30, 2022

Next Earnings Date

Nov 01, 2022

Earnings per share (EPS)-0.38
Gross Margin10.45%
Net Profit Margin-40.42%
Debt/Equity Ratio0%

How did ACC perform over the long term?

See historical performance and comparison
We’ve recently updated our valuation analysis.

Valuation

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

Valuation Score

2/6

Valuation Score 2/6

  • Price-To-Sales vs Peers

  • Price-To-Sales vs Industry

  • Price-To-Sales vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

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

Other financial metrics that can be useful for relative valuation.

ACC 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/Revenue22x
Enterprise Value/EBITDA-53.3x
PEG Ration/a

Price to Sales Ratio vs Peers

How does ACC's PS Ratio compare to its peers?

ACC PS Ratio vs Peers
The above table shows the PS ratio for ACC vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPSEstimated GrowthMarket Cap
Peer Average29.4x
TOM Tomra Systems
6.4x11.4%kr73.9b
VOW VOW
6.2x20.8%kr2.5b
PYRUM Pyrum Innovations
61.3x47.4%kr2.3b
AGLX Agilyx
45.5x65.3%kr2.1b
ACC Aker Carbon Capture
25x50.5%kr14.2b

Price-To-Sales vs Peers: ACC is good value based on its Price-To-Sales Ratio (25x) compared to the peer average (29.8x).


Price to Earnings Ratio vs Industry

How does ACC's PE Ratio compare vs other companies in the European Commercial Services Industry?

Price-To-Sales vs Industry: ACC is expensive based on its Price-To-Sales Ratio (25x) compared to the Norwegian Commercial Services industry average (16x)


Price to Sales Ratio vs Fair Ratio

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

ACC PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio25x
Fair PS Ratio21x

Price-To-Sales vs Fair Ratio: ACC is expensive based on its Price-To-Sales Ratio (25x) compared to the estimated Fair Price-To-Sales Ratio (21.3x).


Share Price vs Fair Value

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

Below Fair Value: ACC (NOK23.56) is trading below our estimate of fair value (NOK28.35)

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


Analyst Price Targets

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

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


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Future Growth

How is Aker Carbon Capture forecast to perform in the next 1 to 3 years based on estimates from 6 analysts?

Future Growth Score

5/6

Future Growth Score 5/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


68.9%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: ACC is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (1.1%).

Earnings vs Market: ACC is forecast to become profitable over the next 3 years, which is considered above average market growth.

High Growth Earnings: ACC is expected to become profitable in the next 3 years.

Revenue vs Market: ACC's revenue (50.5% per year) is forecast to grow faster than the Norwegian market (-1.2% per year).

High Growth Revenue: ACC's revenue (50.5% per year) is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: ACC's Return on Equity is forecast to be low in 3 years time (14.4%).


Discover growth companies

Past Performance

How has Aker Carbon Capture performed over the past 5 years?

Past Performance Score

0/6

Past Performance Score 0/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


-63.9%

Last years earnings growth

Earnings and Revenue History

Quality Earnings: ACC is currently unprofitable.

Growing Profit Margin: ACC is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: Unable to establish if ACC's year-on-year earnings growth rate was positive over the past 5 years as it has been trading publicly for less than 3 years.

Accelerating Growth: Unable to compare ACC's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: ACC is unprofitable, making it difficult to compare its past year earnings growth to the Commercial Services industry (29.6%).


Return on Equity

High ROE: ACC has a negative Return on Equity (-23.76%), as it is currently unprofitable.


Discover strong past performing companies

Financial Health

How is Aker Carbon Capture's financial position?

Financial Health Score

6/6

Financial Health Score 6/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Stable Cash Runway

  • Forecast Cash Runway

Financial Position Analysis

Short Term Liabilities: ACC's short term assets (NOK1.5B) exceed its short term liabilities (NOK581.4M).

Long Term Liabilities: ACC's short term assets (NOK1.5B) exceed its long term liabilities (NOK3.8M).


Debt to Equity History and Analysis

Debt Level: ACC is debt free.

Reducing Debt: ACC has not had any debt for past 5 years.


Balance Sheet


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: Whilst unprofitable ACC has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.

Forecast Cash Runway: ACC is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 134.5% per year.


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Dividend

What is Aker Carbon Capture current dividend yield, its reliability and sustainability?

Dividend Score

0/6

Dividend Score 0/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage


0.008%

Forecast Dividend Yield

Dividend Yield vs Market

Notable Dividend: Unable to evaluate ACC's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate ACC's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if ACC's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if ACC's dividend payments have been increasing.


Earnings Payout to Shareholders

Earnings Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: Unable to calculate sustainability of dividends as ACC has not reported any payouts.


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Management

How experienced are the management team and are they aligned to shareholders interests?

1.2yrs

Average management tenure


CEO

Valborg Lundegaard (62 yo)

2yrs

Tenure

Ms. Valborg Lundegaard serves as Director at Aker BP ASA since April 5, 2022. She is Chief Executive Officer of Aker Carbon Capture AS since August 01, 2020. Ms. Lundegaard is Chemical Engineer with many y...


Leadership Team

Experienced Management: ACC's management team is not considered experienced ( 1.2 years average tenure), which suggests a new team.


Board Members

Experienced Board: ACC's board of directors are not considered experienced ( 1.3 years average tenure), which suggests a new board.


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 6.7%.


Top Shareholders

Company Information

Aker Carbon Capture ASA's employee growth, exchange listings and data sources


Key Information

  • Name: Aker Carbon Capture ASA
  • Ticker: ACC
  • Exchange: OB
  • Founded: 2020
  • Industry: Environmental and Facilities Services
  • Sector: Commercial Services
  • Implied Market Cap: kr13.922b
  • Shares outstanding: 604.24m
  • Website: https://akercarboncapture.com

Number of Employees


Location

  • Aker Carbon Capture ASA
  • Oksenøyveien 8
  • Lysaker
  • Akershus
  • 1366
  • Norway

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/08/10 00:00
End of Day Share Price2022/08/10 00:00
Earnings2022/06/30
Annual Earnings2021/12/31


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.