P/F Bakkafrost, together with its subsidiaries, produces and sells salmon products under the Bakkafrost and Havsbrún brands in the United States, Europe, China, and internationally.
Flawless balance sheet and fair value.
Share Price & News
How has P/F Bakkafrost's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: BAKKA's share price has been volatile over the past 3 months.
7 Day Return
1 Year Return
Return vs Industry: BAKKA exceeded the Norwegian Food industry which returned -1.7% over the past year.
Return vs Market: BAKKA exceeded the Norwegian Market which returned -24.3% over the past year.
Price Volatility Vs. Market
How volatile is P/F Bakkafrost's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 month ago | Simply Wall StP/F Bakkafrost Just Released Its Full-Year Earnings: Here's What Analysts Think
1 month ago | Simply Wall StDespite Its High P/E Ratio, Is P/F Bakkafrost (OB:BAKKA) Still Undervalued?
2 months ago | Simply Wall StIs P/F Bakkafrost's (OB:BAKKA) ROE Of 9.5% Concerning?
Is P/F Bakkafrost undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: BAKKA (NOK496.2) is trading below our estimate of fair value (NOK1346.93)
Significantly Below Fair Value: BAKKA is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: BAKKA is poor value based on its PE Ratio (20.8x) compared to the Food industry average (16.7x).
PE vs Market: BAKKA is poor value based on its PE Ratio (20.8x) compared to the Norwegian market (9.8x).
Price to Earnings Growth Ratio
PEG Ratio: BAKKA is poor value based on its PEG Ratio (1.1x)
Price to Book Ratio
PB vs Industry: BAKKA is good value based on its PB Ratio (2.3x) compared to the NO Food industry average (2.6x).
How is P/F Bakkafrost forecast to perform in the next 1 to 3 years based on estimates from 6 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: BAKKA's forecast earnings growth (19.3% per year) is above the savings rate (0.7%).
Earnings vs Market: BAKKA's earnings (19.3% per year) are forecast to grow slower than the Norwegian market (19.9% per year).
High Growth Earnings: BAKKA's earnings are forecast to grow, but not significantly.
Revenue vs Market: BAKKA's revenue (10.8% per year) is forecast to grow faster than the Norwegian market (2.9% per year).
High Growth Revenue: BAKKA's revenue (10.8% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: BAKKA's Return on Equity is forecast to be low in 3 years time (15.5%).
How has P/F Bakkafrost performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: BAKKA has high quality earnings.
Growing Profit Margin: BAKKA's current net profit margins (18%) are lower than last year (30.2%).
Past Earnings Growth Analysis
Earnings Trend: BAKKA's earnings have declined by -0.6% per year over the past 5 years.
Accelerating Growth: BAKKA's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: BAKKA had negative earnings growth (-15.6%) over the past year, making it difficult to compare to the Food industry average (-30.3%).
Return on Equity
High ROE: BAKKA's Return on Equity (9.4%) is considered low.
How is P/F Bakkafrost's financial position?
Financial Position Analysis
Short Term Liabilities: BAKKA's short term assets (DKK4.4B) exceed its short term liabilities (DKK925.0M).
Long Term Liabilities: BAKKA's short term assets (DKK4.4B) exceed its long term liabilities (DKK3.7B).
Debt to Equity History and Analysis
Debt Level: BAKKA's debt to equity ratio (27.4%) is considered satisfactory.
Reducing Debt: BAKKA's debt to equity ratio has reduced from 34.5% to 27.4% over the past 5 years.
Debt Coverage: BAKKA's debt is well covered by operating cash flow (44.5%).
Interest Coverage: BAKKA's interest payments on its debt are well covered by EBIT (83x coverage).
Inventory Level: BAKKA has a high level of physical assets or inventory.
Debt Coverage by Assets: BAKKA's debt is covered by short term assets (assets are 1.9x debt).
What is P/F Bakkafrost's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: BAKKA's dividend (2.55%) isn’t notable compared to the bottom 25% of dividend payers in the Norwegian market (3.78%).
High Dividend: BAKKA's dividend (2.55%) is low compared to the top 25% of dividend payers in the Norwegian market (8.06%).
Stability and Growth of Payments
Stable Dividend: BAKKA has been paying a dividend for less than 10 years and during this time payments have been volatile.
Growing Dividend: BAKKA's dividend payments have increased, but the company has only paid a dividend for 9 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonable payout ratio (52.9%), BAKKA's dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: BAKKA's dividends in 3 years are forecast to be covered by earnings (50.7% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Reja Jacobsen (53yo)
Mr. Johan Regin Jacobsen, also known as Reja, has been the Chief Executive Officer of P/F Bakkafrost Holding (Bakkafrost) since 1989. From 1982 to 1988, Mr. Jacobsen served as an Accounting Manager of the ...
|Chief Executive Officer||31.25yrs||no data||7.81% DKK2.3b|
|Chief Financial Officer||1yr||no data||0.00033% DKK96.8k|
|Operations Manager||3.58yrs||no data||no data|
|Senior Sales Manager||7.33yrs||no data||no data|
|Group Human Resource Manager||1.42yrs||no data||no data|
|Managing Director of Havsbrún||7.5yrs||no data||0.31% DKK91.4m|
Experienced Management: BAKKA's management team is seasoned and experienced (5.5 years average tenure).
|Independent Director||1.25yrs||ø161.00k||no data|
|Independent Director||4yrs||ø252.00k||0.00017% DKK49.8k|
|Independent Chairman of the Board||10.33yrs||ø461.00k||0.018% DKK5.3m|
|Independent Deputy Chairman of the Board||11.25yrs||ø261.00k||no data|
|Independent Director||7yrs||ø265.00k||no data|
Experienced Board: BAKKA's board of directors are considered experienced (8.7 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: BAKKA insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 6.1%.
P/F Bakkafrost's company bio, employee growth, exchange listings and data sources
- Name: P/F Bakkafrost
- Ticker: BAKKA
- Exchange: OB
- Founded: 1968
- Industry: Packaged Foods and Meats
- Sector: Food, Beverage & Tobacco
- Market Cap: kr29.322b
- Shares outstanding: 59.09m
- Website: https://www.bakkafrost.com
Number of Employees
- P/F Bakkafrost
- Bakkavegur 9
- PO Box 221
- The Faroe Islands
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|BAKKA||OB (Oslo Bors)||Yes||Ordinary Shares||NO||NOK||Mar 2010|
|0MQ2||LSE (London Stock Exchange)||Yes||Ordinary Shares||GB||NOK||Mar 2010|
|BKFK.F||OTCPK (Pink Sheets LLC)||Yes||Ordinary Shares||US||USD||Mar 2010|
|6BF||DB (Deutsche Boerse AG)||Yes||Ordinary Shares||DE||EUR||Mar 2010|
|BAKKAO||BATS-CHIXE (BATS 'Chi-X Europe')||Yes||Ordinary Shares||GB||NOK||Mar 2010|
P/F Bakkafrost, together with its subsidiaries, produces and sells salmon products under the Bakkafrost and Havsbrún brands in the United States, Europe, China, and internationally. The company operates through four segments: Fish Farming FO; Fish Farming SCT; Value Added Products; and Fishmeal, Fish Oil, and Fish Feed. It is involved in the breeding and on-growing of salmon; harvesting, sale, and distribution of salmon; and production of skinless and boneless portions of salmon. The company also produces and sells fishmeal, fish oil, and fish feed. The company also exports its products. P/F Bakkafrost was founded in 1968 and is headquartered in Glyvrar, Denmark.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/04/03 22:57|
|End of Day Share Price||2020/04/03 00:00|
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.