Austevoll Seafood Valuation

Q: What is the Fair Price of AUSS when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

AUSS (NOK110.6) is trading below our estimate of [[fair value]] (NOK520.62)

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

Valuation Score

5/6

Valuation Score 5/6

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

Discounted Cash Flow

Simply Wall St

NOK 520.62

Fair Value

78.8% undervalued

Number of Analysts

Below Fair Value: AUSS (NOK110.6) is trading below our estimate of fair value (NOK520.62)

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

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for AUSS. This is calculated by dividing AUSS's market cap by their current earnings.
What is AUSS's PE Ratio?
PE Ratio	10.1x
Earnings	NOK 2.21b
Market Cap	NOK 22.32b

AUSS 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	1.2x
Enterprise Value/EBITDA	9.7x
PEG Ratio	0.9x

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for AUSS vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
Company	Forward PE	Estimated Growth	Market Cap
Peer Average	69.6x
LSG Lerøy Seafood Group	17.4x	26.6%	NOK 33.4b
BAKKA P/F Bakkafrost	42.8x	44.6%	NOK 38.3b
AKBM Aker BioMarine	194.3x	101.6%	NOK 5.7b
SALM SalMar	24.1x	28.2%	NOK 79.0b
AUSS Austevoll Seafood	10.1x	11.7%	NOK 22.3b

Price-To-Earnings vs Peers: AUSS is good value based on its Price-To-Earnings Ratio (10.1x) compared to the peer average (69.6x).

Price to Earnings Ratio vs Industry

How does AUSS's PE Ratio compare vs other companies in the European Food Industry?

4 Companies	Price / Earnings	Estimated Growth	Market Cap

4 Companies		Estimated Growth	Market Cap

No more companies

Price-To-Earnings vs Industry: AUSS is good value based on its Price-To-Earnings Ratio (10.1x) compared to the European Food industry average (14.1x).

Price to Earnings Ratio vs Fair Ratio

What is AUSS'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.

AUSS PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio	10.1x
Fair PE Ratio	14.7x

Price-To-Earnings vs Fair Ratio: AUSS is good value based on its Price-To-Earnings Ratio (10.1x) compared to the estimated Fair Price-To-Earnings Ratio (14.7x).

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 AUSS 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 110.60	NOK 120.50 +9.0%	6.1%	NOK 133.00	NOK 110.00	n/a	6
Jan ’26	NOK 97.80	NOK 118.33 +21.0%	4.7%	NOK 126.00	NOK 110.00	n/a	6
Dec ’25	NOK 101.30	NOK 118.33 +16.8%	4.7%	NOK 126.00	NOK 110.00	n/a	6
Nov ’25	NOK 94.90	NOK 118.17 +24.5%	3.9%	NOK 126.00	NOK 114.00	n/a	6
Oct ’25	NOK 98.15	NOK 116.33 +18.5%	5.2%	NOK 126.00	NOK 110.00	n/a	6
Sep ’25	NOK 95.00	NOK 113.50 +19.5%	8.9%	NOK 126.00	NOK 95.00	n/a	6
Aug ’25	NOK 89.25	NOK 112.50 +26.1%	6.8%	NOK 126.00	NOK 100.00	n/a	6
Jul ’25	NOK 82.25	NOK 112.50 +36.8%	6.8%	NOK 126.00	NOK 100.00	n/a	6
Jun ’25	NOK 85.50	NOK 112.50 +31.6%	6.8%	NOK 126.00	NOK 100.00	n/a	6
May ’25	NOK 89.15	NOK 103.83 +16.5%	11.3%	NOK 126.00	NOK 87.00	n/a	6
Apr ’25	NOK 85.20	NOK 103.33 +21.3%	11.5%	NOK 126.00	NOK 87.00	n/a	6
Mar ’25	NOK 80.95	NOK 103.33 +27.7%	11.5%	NOK 126.00	NOK 87.00	n/a	6
Feb ’25	NOK 76.50	NOK 101.67 +32.9%	13.6%	NOK 126.00	NOK 86.00	NOK 110.60	6
Jan ’25	NOK 74.15	NOK 102.40 +38.1%	13.1%	NOK 126.00	NOK 86.00	NOK 97.80	5
Dec ’24	NOK 74.00	NOK 102.40 +38.4%	13.1%	NOK 126.00	NOK 86.00	NOK 101.30	5
Nov ’24	NOK 76.05	NOK 110.80 +45.7%	12.7%	NOK 126.00	NOK 87.00	NOK 94.90	5
Oct ’24	NOK 75.25	NOK 107.80 +43.3%	13.0%	NOK 126.00	NOK 87.00	NOK 98.15	5
Sep ’24	NOK 76.70	NOK 107.80 +40.5%	13.0%	NOK 126.00	NOK 87.00	NOK 95.00	5
Aug ’24	NOK 77.10	NOK 119.20 +54.6%	3.6%	NOK 126.00	NOK 113.00	NOK 89.25	5
Jul ’24	NOK 74.15	NOK 119.20 +60.8%	3.6%	NOK 126.00	NOK 113.00	NOK 82.25	5
Jun ’24	NOK 86.60	NOK 119.20 +37.6%	3.6%	NOK 126.00	NOK 113.00	NOK 85.50	5
May ’24	NOK 100.20	NOK 122.80 +22.6%	8.1%	NOK 140.00	NOK 110.00	NOK 89.15	5
Apr ’24	NOK 93.90	NOK 119.00 +26.7%	7.1%	NOK 130.00	NOK 106.00	NOK 85.20	5
Mar ’24	NOK 88.40	NOK 120.60 +36.4%	5.2%	NOK 130.00	NOK 114.00	NOK 80.95	5
Feb ’24	NOK 100.20	NOK 117.40 +17.2%	9.0%	NOK 130.00	NOK 101.00	NOK 76.50	5

Analyst Price Target

Consensus Narrative from 6 Analysts

NOK 120.50

Fair Value

8.2% undervalued

Number of Analysts

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

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Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2025/02/01 23:38
End of Day Share Price	2025/01/31 00:00
Earnings	2024/09/30
Annual Earnings	2023/12/31

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.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* 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

Austevoll Seafood ASA is covered by 18 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.

Analyst	Institution
Vidar Strat	ABG Sundal Collier
Stian Malterudbakken	Arctic Securities ASA
Bent Rolland	Beringer Finance AB