Andfjord Salmon Group AS

OB:ANDF Stock Report

Market Cap: NOK 2.8b

Andfjord Salmon Group Valuation

Is ANDF 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-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?

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

The above table shows the Price to Book ratio for ANDF. This is calculated by dividing ANDF's market cap by their current book value.
What is ANDF's PB Ratio?
PB Ratio2.2x
BookNOK 1.27b
Market CapNOK 2.77b

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.
CompanyForward PBEstimated GrowthMarket Cap
Peer Average1.5x
SALME Salmon Evolution
1.4x61.0%NOK 3.1b
MAS Måsøval
1.8x21.3%NOK 3.2b
KLDVK Kaldvik
1x106.0%NOK 3.5b
ISLAX Icelandic Salmon
2x112.8%NOK 3.7b
ANDF Andfjord Salmon Group
2.2x46.1%NOK 2.8b

Price-To-Book vs Peers: ANDF is expensive based on its Price-To-Book Ratio (2.2x) compared to the peer average (1.5x).

Price to Book Ratio vs Industry

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

0 CompaniesPrice / BookEstimated GrowthMarket Cap
No more companies available in this PB range
ANDF 2.2xIndustry Avg. 1.9xNo. of Companies5PB00.81.62.43.24+
0 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Book vs Industry: ANDF is expensive based on its Price-To-Book Ratio (2.2x) compared to the Norwegian Food industry average (1.9x).

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 Ratio2.2x
Fair PB Ration/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.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentNOK 41.00
NOK 46.67
+13.8%
10.1%NOK 50.00NOK 40.00n/a3
Dec ’25NOK 40.70
NOK 46.67
+14.7%
10.1%NOK 50.00NOK 40.00n/a3
Nov ’25NOK 33.70
NOK 47.50
+40.9%
5.3%NOK 50.00NOK 45.00n/a2
Oct ’25NOK 30.50
NOK 47.50
+55.7%
5.3%NOK 50.00NOK 45.00n/a2
Sep ’25NOK 31.20
NOK 47.50
+52.2%
5.3%NOK 50.00NOK 45.00n/a2
Aug ’25NOK 33.40
NOK 47.50
+42.2%
5.3%NOK 50.00NOK 45.00n/a2
Jul ’25NOK 31.20
NOK 47.50
+52.2%
5.3%NOK 50.00NOK 45.00n/a2
Jun ’25NOK 32.80
NOK 47.50
+44.8%
5.3%NOK 50.00NOK 45.00n/a2
May ’25NOK 36.20
NOK 47.50
+31.2%
5.3%NOK 50.00NOK 45.00n/a2
Apr ’25NOK 38.70
NOK 47.50
+22.7%
5.3%NOK 50.00NOK 45.00n/a2
Mar ’25NOK 32.20
NOK 51.50
+59.9%
12.6%NOK 58.00NOK 45.00n/a2
Feb ’25NOK 29.30
NOK 51.50
+75.8%
12.6%NOK 58.00NOK 45.00n/a2
Jan ’25NOK 28.90
NOK 56.50
+95.5%
2.7%NOK 58.00NOK 55.00n/a2
Dec ’24NOK 27.60
NOK 56.50
+104.7%
2.7%NOK 58.00NOK 55.00NOK 40.702
Nov ’24NOK 28.10
NOK 56.50
+101.1%
2.7%NOK 58.00NOK 55.00NOK 33.702
Oct ’24NOK 30.00
NOK 56.50
+88.3%
2.7%NOK 58.00NOK 55.00NOK 30.502
Sep ’24NOK 33.90
NOK 56.50
+66.7%
2.7%NOK 58.00NOK 55.00NOK 31.202
Aug ’24NOK 36.00
NOK 56.50
+56.9%
2.7%NOK 58.00NOK 55.00NOK 33.402
Jul ’24NOK 37.10
NOK 56.50
+52.3%
2.7%NOK 58.00NOK 55.00NOK 31.202
Jun ’24NOK 41.50
NOK 56.50
+36.1%
2.7%NOK 58.00NOK 55.00NOK 32.802
May ’24NOK 39.90
NOK 56.50
+41.6%
2.7%NOK 58.00NOK 55.00NOK 36.202
Apr ’24NOK 38.30
NOK 56.50
+47.5%
2.7%NOK 58.00NOK 55.00NOK 38.702
Mar ’24NOK 40.10
NOK 64.50
+60.8%
14.7%NOK 74.00NOK 55.00NOK 32.202
Feb ’24NOK 38.40
NOK 64.50
+68.0%
14.7%NOK 74.00NOK 55.00NOK 29.302
Jan ’24NOK 38.00
NOK 64.50
+69.7%
14.7%NOK 74.00NOK 55.00NOK 28.902
Dec ’23NOK 41.50
NOK 64.50
+55.4%
14.7%NOK 74.00NOK 55.00NOK 27.602

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

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/26 23:41
End of Day Share Price 2024/12/23 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

Andfjord Salmon Group AS is covered by 2 analysts. 2 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Nils Olav ThommesenFearnley Securities
Mindaugas CekanaviciusNorne Securities AS