B2 Impact ASA

OB:B2I Stock Report

Market Cap: NOK 3.6b

B2 Impact Valuation

Is B2I 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-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 B2I when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: B2I (NOK9.84) is trading above our estimate of fair value (NOK8.87)

Significantly Below Fair Value: B2I is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for B2I?

Key metric: As B2I is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for B2I. This is calculated by dividing B2I's market cap by their current earnings.
What is B2I's PE Ratio?
PE Ratio11.2x
EarningsNOK 323.00m
Market CapNOK 3.63b

Price to Earnings Ratio vs Peers

How does B2I's PE Ratio compare to its peers?

The above table shows the PE ratio for B2I vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average7.3x
ACR Axactor
6.5x60.1%NOK 1.0b
HITV HitecVision
3.4xn/aNOK 2.8b
ABG ABG Sundal Collier Holding
12.7xn/aNOK 3.7b
900 AEON Credit Service (Asia)
6.5x16.5%HK$2.4b
B2I B2 Impact
11.2x25.8%NOK 3.6b

Price-To-Earnings vs Peers: B2I is expensive based on its Price-To-Earnings Ratio (11.2x) compared to the peer average (7.3x).

Price to Earnings Ratio vs Industry

How does B2I's PE Ratio compare vs other companies in the European Consumer Finance Industry?

1 CompanyPrice / EarningsEstimated GrowthMarket Cap
B2I 11.2xIndustry Avg. 8.5xNo. of Companies5PE0612182430+
1 CompanyEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: B2I is expensive based on its Price-To-Earnings Ratio (11.2x) compared to the European Consumer Finance industry average (8.5x).

Price to Earnings Ratio vs Fair Ratio

What is B2I'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.

B2I PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio11.2x
Fair PE Ratio6.1x

Price-To-Earnings vs Fair Ratio: B2I is expensive based on its Price-To-Earnings Ratio (11.2x) compared to the estimated Fair Price-To-Earnings Ratio (6.1x).

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 B2I forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentNOK 9.84
NOK 11.07
+12.5%
8.1%NOK 12.20NOK 10.00n/a3
Nov ’25NOK 9.64
NOK 11.00
+14.1%
7.4%NOK 12.00NOK 10.00n/a3
Oct ’25NOK 8.19
NOK 10.43
+27.4%
3.0%NOK 10.70NOK 10.00n/a3
Sep ’25NOK 8.44
NOK 10.43
+23.6%
3.0%NOK 10.70NOK 10.00n/a3
Aug ’25NOK 8.59
NOK 10.43
+21.5%
3.0%NOK 10.70NOK 10.00n/a3
Jul ’25NOK 8.44
NOK 10.43
+23.6%
3.0%NOK 10.70NOK 10.00n/a3
Jun ’25NOK 8.37
NOK 10.43
+24.7%
3.0%NOK 10.70NOK 10.00n/a3
May ’25NOK 8.61
NOK 10.37
+20.4%
2.5%NOK 10.60NOK 10.00n/a3
Apr ’25NOK 8.00
NOK 10.37
+29.6%
2.5%NOK 10.60NOK 10.00n/a3
Mar ’25NOK 7.76
NOK 10.37
+33.6%
2.5%NOK 10.60NOK 10.00n/a3
Feb ’25NOK 7.49
NOK 10.20
+36.2%
2.1%NOK 10.50NOK 10.00n/a3
Jan ’25NOK 7.35
NOK 10.20
+38.8%
2.1%NOK 10.50NOK 10.00n/a3
Dec ’24NOK 7.05
NOK 10.20
+44.7%
2.1%NOK 10.50NOK 10.00n/a3
Nov ’24NOK 7.27
NOK 10.20
+40.3%
2.1%NOK 10.50NOK 10.00NOK 9.643
Oct ’24NOK 6.92
NOK 10.20
+47.4%
2.1%NOK 10.50NOK 10.00NOK 8.193
Sep ’24NOK 6.77
NOK 10.20
+50.7%
2.1%NOK 10.50NOK 10.00NOK 8.443
Aug ’24NOK 7.12
NOK 10.83
+52.2%
7.8%NOK 12.00NOK 10.00NOK 8.593
Jul ’24NOK 6.64
NOK 11.03
+66.2%
7.4%NOK 12.00NOK 10.00NOK 8.443
Jun ’24NOK 7.31
NOK 11.03
+50.9%
7.4%NOK 12.00NOK 10.00NOK 8.373
May ’24NOK 7.47
NOK 12.17
+62.9%
7.0%NOK 13.00NOK 11.00NOK 8.613
Apr ’24NOK 7.29
NOK 12.17
+66.9%
7.0%NOK 13.00NOK 11.00NOK 8.003
Mar ’24NOK 7.71
NOK 11.38
+47.5%
13.7%NOK 13.00NOK 9.00NOK 7.764
Feb ’24NOK 7.47
NOK 12.08
+61.6%
18.5%NOK 14.80NOK 9.00NOK 7.494
Jan ’24NOK 7.86
NOK 12.08
+53.6%
18.5%NOK 14.80NOK 9.00NOK 7.354
Dec ’23NOK 8.67
NOK 12.08
+39.3%
18.5%NOK 14.80NOK 9.00NOK 7.054
Nov ’23NOK 7.79
NOK 12.33
+58.2%
17.5%NOK 14.80NOK 9.00NOK 7.274

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

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