Aker Solutions ASA

OB:AKSO Stock Report

Market Cap: NOK 14.6b

Aker Solutions Valuation

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

Valuation Score

1/6

Valuation Score 1/6

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

Below Fair Value: AKSO (NOK30.44) is trading above our estimate of fair value (NOK18.85)

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

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for AKSO. This is calculated by dividing AKSO's market cap by their current earnings.
What is AKSO's PE Ratio?
PE Ratio12.1x
EarningsNOK 1.20b
Market CapNOK 14.58b

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for AKSO vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average18.6x
DOFG DOF Group
3.8x26.1%NOK 14.7b
TGS TGS
40.4x33.0%NOK 21.4b
SEA1 Sea1 Offshore
1.2x-42.6%NOK 3.6b
SUBC Subsea 7
29x34.2%NOK 52.8b
AKSO Aker Solutions
12.1x4.5%NOK 14.6b

Price-To-Earnings vs Peers: AKSO is good value based on its Price-To-Earnings Ratio (12.1x) compared to the peer average (18.6x).

Price to Earnings Ratio vs Industry

How does AKSO's PE Ratio compare vs other companies in the NO Energy Services Industry?

3 CompaniesPrice / EarningsEstimated GrowthMarket Cap
SEA1 Sea1 Offshore
1.2x-42.6%US$322.90m
AWDR Awilco Drilling
0.3xn/aUS$48.43m
DWELLOP Dwellop
1.7xn/aUS$2.18m
No more companies available in this PE range
AKSO 12.1xIndustry Avg. 7.4xNo. of Companies4PE0816243240+
3 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: AKSO is expensive based on its Price-To-Earnings Ratio (12.1x) compared to the Norwegian Energy Services industry average (7.2x).

Price to Earnings Ratio vs Fair Ratio

What is AKSO'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.

AKSO PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio12.1x
Fair PE Ratio9.6x

Price-To-Earnings vs Fair Ratio: AKSO is expensive based on its Price-To-Earnings Ratio (12.1x) compared to the estimated Fair Price-To-Earnings Ratio (9.6x).

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 AKSO forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentNOK 30.44
NOK 42.09
+38.3%
23.7%NOK 60.00NOK 27.96n/a11
Dec ’25NOK 31.46
NOK 49.72
+58.1%
21.6%NOK 63.00NOK 27.96n/a11
Nov ’25NOK 48.00
NOK 56.00
+16.7%
13.2%NOK 68.00NOK 47.00n/a11
Oct ’25NOK 40.84
NOK 55.73
+36.5%
11.1%NOK 68.00NOK 46.00n/a11
Sep ’25NOK 44.44
NOK 56.33
+26.8%
10.3%NOK 68.00NOK 46.00n/a12
Aug ’25NOK 51.70
NOK 56.25
+8.8%
10.5%NOK 68.00NOK 46.00n/a12
Jul ’25NOK 44.30
NOK 50.92
+14.9%
14.5%NOK 64.00NOK 40.00n/a12
Jun ’25NOK 45.74
NOK 50.17
+9.7%
14.6%NOK 63.00NOK 40.00n/a12
May ’25NOK 42.10
NOK 50.17
+19.2%
14.6%NOK 63.00NOK 40.00n/a12
Apr ’25NOK 38.82
NOK 49.18
+26.7%
14.7%NOK 63.00NOK 40.00n/a11
Mar ’25NOK 35.94
NOK 50.27
+39.9%
13.1%NOK 63.00NOK 40.00n/a11
Feb ’25NOK 39.12
NOK 53.25
+36.1%
9.2%NOK 63.00NOK 46.00n/a12
Jan ’25NOK 42.02
NOK 53.00
+26.1%
11.2%NOK 64.00NOK 41.00n/a12
Dec ’24NOK 40.50
NOK 53.00
+30.9%
11.2%NOK 64.00NOK 41.00NOK 31.4612
Nov ’24NOK 43.06
NOK 52.25
+21.3%
9.2%NOK 61.00NOK 41.00NOK 48.0012
Oct ’24NOK 43.20
NOK 52.70
+22.0%
9.7%NOK 61.00NOK 45.00NOK 40.8410
Sep ’24NOK 44.56
NOK 52.73
+18.3%
9.2%NOK 61.00NOK 45.00NOK 44.4411
Aug ’24NOK 44.72
NOK 52.55
+17.5%
9.7%NOK 61.00NOK 45.00NOK 51.7011
Jul ’24NOK 38.90
NOK 49.32
+26.8%
7.8%NOK 55.00NOK 44.00NOK 44.3011
Jun ’24NOK 36.38
NOK 49.32
+35.6%
7.8%NOK 55.00NOK 44.00NOK 45.7411
May ’24NOK 37.92
NOK 48.54
+28.0%
9.3%NOK 55.00NOK 40.00NOK 42.1012
Apr ’24NOK 38.04
NOK 48.59
+27.7%
9.7%NOK 55.00NOK 40.00NOK 38.8211
Mar ’24NOK 44.62
NOK 48.14
+7.9%
11.0%NOK 55.00NOK 38.00NOK 35.9411
Feb ’24NOK 39.42
NOK 43.20
+9.6%
11.2%NOK 51.00NOK 36.00NOK 39.1210
Jan ’24NOK 37.40
NOK 43.15
+15.4%
10.0%NOK 50.00NOK 35.00NOK 42.0210
Dec ’23NOK 35.66
NOK 43.15
+21.0%
10.0%NOK 50.00NOK 35.00NOK 40.5010

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 Analysis2024/12/18 08:49
End of Day Share Price 2024/12/18 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

Aker Solutions ASA is covered by 34 analysts. 10 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Thijs BerkelderABN AMRO Bank N.V.
Michael PickupBarclays
Michael PickupBarclays