Aker Carbon Capture ASA

OB:ACC Stock Report

Market Cap: NOK 1.5b

Aker Carbon Capture Valuation

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

Valuation Score

4/6

Valuation Score 4/6

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

Discounted Cash Flow
Simply Wall St
NOK 23.14
Fair Value
89.1% undervalued intrinsic discount
6
Number of Analysts

Below Fair Value: ACC (NOK2.51) is trading below our estimate of fair value (NOK23.15)

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

Key Valuation Metric

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

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

The above table shows the Price to Book ratio for ACC. This is calculated by dividing ACC's market cap by their current book value.
What is ACC's PB Ratio?
PB Ratio0.3x
BookNOK 5.50b
Market CapNOK 1.52b

Price to Book Ratio vs Peers

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

The above table shows the PB ratio for ACC vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PBEstimated GrowthMarket Cap
Peer Average2.3x
AKH Aker Horizons
0.4xn/aNOK 919.5m
PYRUM Pyrum Innovations
6.1x-7.0%NOK 1.0b
VOW Vow
0.7x76.9%NOK 388.0m
AGLX Agilyx
2x66.3%NOK 2.9b
ACC Aker Carbon Capture
0.3x53.9%NOK 1.5b

Price-To-Book vs Peers: ACC is good value based on its Price-To-Book Ratio (0.3x) compared to the peer average (2.3x).

Price to Book Ratio vs Industry

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

3 CompaniesPrice / BookEstimated GrowthMarket Cap
ACC 0.3xIndustry Avg. 1.5xNo. of Companies14PB00.81.62.43.24+
3 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Book vs Industry: ACC is good value based on its Price-To-Book Ratio (0.3x) compared to the European Commercial Services industry average (1.5x).

Price to Book Ratio vs Fair Ratio

What is ACC'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.

ACC PB Ratio vs Fair Ratio.
Fair Ratio
Current PB Ratio0.3x
Fair PB Ration/a

Price-To-Book vs Fair Ratio: Insufficient data to calculate ACC'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?

The above table shows the analyst ACC forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentNOK 2.51
NOK 9.31
+270.4%
58.0%NOK 20.00NOK 1.98n/a6
Apr ’26NOK 3.34
NOK 9.43
+182.1%
55.6%NOK 20.00NOK 2.70n/a6
Mar ’26NOK 7.33
NOK 10.42
+42.1%
42.4%NOK 20.00NOK 7.20n/a6
Feb ’26NOK 6.55
NOK 12.29
+87.6%
35.9%NOK 20.00NOK 7.20n/a7
Jan ’26NOK 6.34
NOK 12.29
+93.9%
35.9%NOK 20.00NOK 7.20n/a7
Dec ’25NOK 5.97
NOK 12.29
+105.8%
35.9%NOK 20.00NOK 7.20n/a7
Nov ’25NOK 5.92
NOK 12.29
+107.7%
35.9%NOK 20.00NOK 7.20n/a7
Oct ’25NOK 6.18
NOK 12.00
+94.3%
35.0%NOK 20.00NOK 7.20n/a8
Sep ’25NOK 6.18
NOK 12.00
+94.3%
35.0%NOK 20.00NOK 7.20n/a8
Aug ’25NOK 6.50
NOK 12.00
+84.6%
35.0%NOK 20.00NOK 7.20n/a8
Jul ’25NOK 6.67
NOK 12.11
+81.6%
32.8%NOK 20.00NOK 7.20n/a9
Jun ’25NOK 7.42
NOK 12.11
+63.3%
32.8%NOK 20.00NOK 7.20n/a9
May ’25NOK 7.02
NOK 12.11
+72.6%
32.8%NOK 20.00NOK 7.20NOK 2.569
Apr ’25NOK 5.80
NOK 13.52
+133.1%
30.7%NOK 20.00NOK 7.00NOK 3.3410
Mar ’25NOK 7.94
NOK 14.78
+86.1%
23.4%NOK 20.00NOK 7.00NOK 7.339
Feb ’25NOK 10.71
NOK 14.78
+38.0%
23.4%NOK 20.00NOK 7.00NOK 6.559
Jan ’25NOK 13.58
NOK 14.78
+8.8%
23.4%NOK 20.00NOK 7.00NOK 6.349
Dec ’24NOK 10.25
NOK 14.78
+44.2%
23.4%NOK 20.00NOK 7.00NOK 5.979
Nov ’24NOK 10.68
NOK 15.22
+42.5%
25.1%NOK 20.00NOK 7.00NOK 5.929
Oct ’24NOK 11.33
NOK 17.33
+53.0%
21.2%NOK 22.00NOK 10.00NOK 6.189
Sep ’24NOK 11.78
NOK 17.33
+47.1%
21.2%NOK 22.00NOK 10.00NOK 6.189
Aug ’24NOK 15.23
NOK 17.33
+13.8%
21.2%NOK 22.00NOK 10.00NOK 6.509
Jul ’24NOK 14.04
NOK 18.55
+32.1%
28.0%NOK 30.00NOK 10.00NOK 6.6710
Jun ’24NOK 12.63
NOK 18.39
+45.6%
29.7%NOK 30.00NOK 10.00NOK 7.429
May ’24NOK 10.89
NOK 19.17
+76.0%
30.4%NOK 30.00NOK 10.00NOK 7.029
AnalystConsensusTarget
Consensus Narrative from 6 Analysts
NOK 9.31
Fair Value
73.0% undervalued intrinsic discount
6
Number of Analysts

Analyst Forecast: Target price is more than 20% higher than the current share price, 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 Analysis2025/05/06 00:56
End of Day Share Price 2025/05/06 00:00
Earnings2024/12/31
Annual Earnings2024/12/31

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 Carbon Capture ASA is covered by 13 analysts. 5 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
James CarmichaelBerenberg
James WinchesterBofA Global Research
Chr. Frederik LundeCarnegie Investment Bank AB