Andfjord Salmon Group Valuation

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

Valuation Score

2/6

Valuation Score 2/6

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

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

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

Key Valuation Metric

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

Other financial metrics that can be useful for relative valuation.

The above table shows the n/a ratio for ANDF. This is calculated by dividing ANDF's market cap by their current preferred multiple.
What is ANDF's n/a Ratio?
n/a	0x
n/a	n/a
Market Cap	NOK 2.07b

ANDF 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/Revenue	74.8x
Enterprise Value/EBITDA	-32.4x
PEG Ratio	n/a

Price to Book Ratio vs Peers

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

The above table shows the PB ratio for ANDF vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
Company	Forward PB	Estimated Growth	Market Cap
Peer Average	2.1x
NOAP Nordic Aqua Partners	1.8x	83.1%	NOK 1.5b
SALME Salmon Evolution	1.3x	62.4%	NOK 2.9b
NCOD Norcod	3.4x	n/a	NOK 949.7m
MAS Måsøval	2.1x	10.8%	NOK 3.8b
ANDF Andfjord Salmon Group	1.6x	57.8%	NOK 2.1b

Price-To-Book vs Peers: ANDF is good value based on its Price-To-Book Ratio (1.6x) compared to the peer average (2.1x).

Price to Earnings Ratio vs Industry

How does ANDF's PE Ratio compare vs other companies in the NO Food Industry?

0 Companies	Price / Earnings	Estimated Growth	Market Cap
Industry Avg.	n/a	26.0%
	n/a	n/a	n/a

Fetching data

0 Companies	Price / Earnings	Estimated Growth	Market Cap
Industry Avg.	n/a	26.0%
	n/a	n/a	n/a

No more companies

Price-To-Book vs Industry: ANDF is good value based on its Price-To-Book Ratio (1.6x) compared to the Norwegian Food industry average (1.7x).

Price to Book Ratio vs Fair Ratio

What is ANDF'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.

ANDF PB Ratio vs Fair Ratio.
Fair Ratio
Current PB Ratio	1.6x
Fair PB Ratio	n/a

Price-To-Book vs Fair Ratio: Insufficient data to calculate ANDF'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 ANDF forecast and predictions for the stock price in 12 month’s time.
Date	Share Price	Average 1Y Price Target	Dispersion	High	Low	1Y Actual price	Analysts
Current	NOK 30.60	NOK 47.50 +55.2%	5.3%	NOK 50.00	NOK 45.00	n/a	2
Sep ’25	NOK 31.20	NOK 47.50 +52.2%	5.3%	NOK 50.00	NOK 45.00	n/a	2
Aug ’25	NOK 33.40	NOK 47.50 +42.2%	5.3%	NOK 50.00	NOK 45.00	n/a	2
Jul ’25	NOK 31.20	NOK 47.50 +52.2%	5.3%	NOK 50.00	NOK 45.00	n/a	2
Jun ’25	NOK 32.80	NOK 47.50 +44.8%	5.3%	NOK 50.00	NOK 45.00	n/a	2
May ’25	NOK 36.20	NOK 47.50 +31.2%	5.3%	NOK 50.00	NOK 45.00	n/a	2
Apr ’25	NOK 38.70	NOK 47.50 +22.7%	5.3%	NOK 50.00	NOK 45.00	n/a	2
Mar ’25	NOK 32.20	NOK 51.50 +59.9%	12.6%	NOK 58.00	NOK 45.00	n/a	2
Feb ’25	NOK 29.30	NOK 51.50 +75.8%	12.6%	NOK 58.00	NOK 45.00	n/a	2
Jan ’25	NOK 28.90	NOK 56.50 +95.5%	2.7%	NOK 58.00	NOK 55.00	n/a	2
Dec ’24	NOK 27.60	NOK 56.50 +104.7%	2.7%	NOK 58.00	NOK 55.00	n/a	2
Nov ’24	NOK 28.10	NOK 56.50 +101.1%	2.7%	NOK 58.00	NOK 55.00	n/a	2
Oct ’24	NOK 30.00	NOK 56.50 +88.3%	2.7%	NOK 58.00	NOK 55.00	n/a	2
Sep ’24	NOK 33.90	NOK 56.50 +66.7%	2.7%	NOK 58.00	NOK 55.00	NOK 31.20	2
Aug ’24	NOK 36.00	NOK 56.50 +56.9%	2.7%	NOK 58.00	NOK 55.00	NOK 33.40	2
Jul ’24	NOK 37.10	NOK 56.50 +52.3%	2.7%	NOK 58.00	NOK 55.00	NOK 31.20	2
Jun ’24	NOK 41.50	NOK 56.50 +36.1%	2.7%	NOK 58.00	NOK 55.00	NOK 32.80	2
May ’24	NOK 39.90	NOK 56.50 +41.6%	2.7%	NOK 58.00	NOK 55.00	NOK 36.20	2
Apr ’24	NOK 38.30	NOK 56.50 +47.5%	2.7%	NOK 58.00	NOK 55.00	NOK 38.70	2
Mar ’24	NOK 40.10	NOK 64.50 +60.8%	14.7%	NOK 74.00	NOK 55.00	NOK 32.20	2
Feb ’24	NOK 38.40	NOK 64.50 +68.0%	14.7%	NOK 74.00	NOK 55.00	NOK 29.30	2
Jan ’24	NOK 38.00	NOK 64.50 +69.7%	14.7%	NOK 74.00	NOK 55.00	NOK 28.90	2
Dec ’23	NOK 41.50	NOK 64.50 +55.4%	14.7%	NOK 74.00	NOK 55.00	NOK 27.60	2
Nov ’23	NOK 44.90	NOK 64.50 +43.7%	14.7%	NOK 74.00	NOK 55.00	NOK 28.10	2
Oct ’23	NOK 45.70	NOK 64.50 +41.1%	14.7%	NOK 74.00	NOK 55.00	NOK 30.00	2
Sep ’23	NOK 47.70	NOK 64.50 +35.2%	14.7%	NOK 74.00	NOK 55.00	NOK 33.90	2

Analyst Forecast: Target price is more than 20% higher than the current share price, but there are not enough analysts covering the stock to determine statistical confidence in agreement.