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

BAKKA is expensive based on its Price-To-Earnings Ratio (42.4x) compared to the peer average (15.9x).

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

BAKKA is expensive based on its Price-To-Earnings Ratio (42.4x) compared to the European Food industry average (13.7x).

What is BAKKA'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.

BAKKA is expensive based on its Price-To-Earnings Ratio (42.4x) compared to the estimated Fair Price-To-Earnings Ratio (33.9x).

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

BAKKA (NOK639) is trading above our estimate of [[fair value]] (NOK453.3)

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

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

BAKKA Stock Overview

Produces and sells salmon products in North America, Western Europe, Eastern Europe, Asia, and internationally. More details

BAKKA fundamental analysis
Snowflake Score
Valuation	0/6
Future Growth	4/6
Past Performance	5/6
Financial Health	4/6
Dividends	2/6

Rewards

Earnings are forecast to grow 61.62% per year

Earnings grew by 39.9% over the past year

Risk Analysis

No risks detected for BAKKA from our risk checks.

My Notes

Capture your thoughts, links and company narrative

Community Narratives

Create a narrative

Narratives bring a range of perspectives from our community.

Analyst Price Target

Consensus Narrative from 8 Analysts

Expanding Harvest Volumes And Sustainable Practices Will Drive Earnings Growth

Key Takeaways Expansion in freshwater operations and transition to larger smolt may improve revenue and reduce costs through efficient production and operations. Decrease in fish oil prices and diversification in market presence could enhance operating margins and stabilize revenue growth.

View narrative

NOK 723.69

11.7% undervalued

15.20%

Revenue growth p.a.

3 days ago

P/F Bakkafrost Competitors

Lerøy Seafood Group

OB:LSG

NOK 29.4b

Austevoll Seafood

OB:AUSS

NOK 20.0b

SalMar

OB:SALM

NOK 72.4b

Orkla

OB:ORK

NOK 98.7b

Price History & Performance

Summary of share price highs, lows and changes for P/F Bakkafrost
Historical stock prices
Current Share Price	NOK 639.00
52 Week High	NOK 698.00
52 Week Low	NOK 527.00
Beta	0.72
1 Month Change	-3.03%
3 Month Change	6.23%
1 Year Change	15.76%
3 Year Change	12.46%
5 Year Change	-5.47%
Change since IPO	1,757.56%

P/F Bakkafrost's (OB:BAKKA) Returns On Capital Not Reflecting Well On The Business

Nov 28

P/F Bakkafrost Earnings Missed Analyst Estimates: Here's What Analysts Are Forecasting Now

Nov 08

Recent updates

P/F Bakkafrost's (OB:BAKKA) Returns On Capital Not Reflecting Well On The Business

Nov 28

P/F Bakkafrost Earnings Missed Analyst Estimates: Here's What Analysts Are Forecasting Now

Nov 08

P/F Bakkafrost's (OB:BAKKA) Intrinsic Value Is Potentially 20% Below Its Share Price

Oct 16

P/F Bakkafrost (OB:BAKKA) Has A Somewhat Strained Balance Sheet

Sep 15

P/F Bakkafrost (OB:BAKKA) Is Reinvesting At Lower Rates Of Return

Aug 14

With EPS Growth And More, P/F Bakkafrost (OB:BAKKA) Makes An Interesting Case

Jul 26

These 4 Measures Indicate That P/F Bakkafrost (OB:BAKKA) Is Using Debt Reasonably Well

May 29

P/F Bakkafrost (OB:BAKKA) Is Reinvesting At Lower Rates Of Return

May 14

P/F Bakkafrost's (OB:BAKKA) Shareholders Will Receive A Bigger Dividend Than Last Year

Apr 28

Is Now The Time To Put P/F Bakkafrost (OB:BAKKA) On Your Watchlist?

Apr 27

We Think P/F Bakkafrost (OB:BAKKA) Can Stay On Top Of Its Debt

Feb 27

An Intrinsic Calculation For P/F Bakkafrost (OB:BAKKA) Suggests It's 48% Undervalued

Feb 14

P/F Bakkafrost (OB:BAKKA) May Have Issues Allocating Its Capital

Jan 27

With EPS Growth And More, P/F Bakkafrost (OB:BAKKA) Makes An Interesting Case

Jan 12

Here's Why P/F Bakkafrost (OB:BAKKA) Can Manage Its Debt Responsibly

Nov 28

Be Wary Of P/F Bakkafrost (OB:BAKKA) And Its Returns On Capital

Oct 15

Is P/F Bakkafrost (OB:BAKKA) Using Too Much Debt?

Aug 18

P/F Bakkafrost (OB:BAKKA) Will Be Hoping To Turn Its Returns On Capital Around

Jul 14

Is P/F Bakkafrost (OB:BAKKA) Trading At A 44% Discount?

Jun 14

Is P/F Bakkafrost (OB:BAKKA) Using Too Much Debt?

May 17

Some Investors May Be Worried About P/F Bakkafrost's (OB:BAKKA) Returns On Capital

Mar 15

Shareholder Returns

	BAKKA	NO Food	NO Market
7D	1.0%	0.5%	3.0%
1Y	15.8%	8.6%	2.5%

Return vs Industry: BAKKA exceeded the Norwegian Food industry which returned 8.6% over the past year.

Return vs Market: BAKKA exceeded the Norwegian Market which returned 2.5% over the past year.

Price Volatility

Is BAKKA's price volatile compared to industry and market?
BAKKA volatility
BAKKA Average Weekly Movement	3.8%
Food Industry Average Movement	4.7%
Market Average Movement	5.0%
10% most volatile stocks in NO Market	11.5%
10% least volatile stocks in NO Market	2.7%

Stable Share Price: BAKKA has not had significant price volatility in the past 3 months compared to the Norwegian market.

Volatility Over Time: BAKKA's weekly volatility (4%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
1968	1,700	Reja Jacobsen	www.bakkafrost.com

P/F Bakkafrost, together with its subsidiaries, produces and sells salmon products in North America, Western Europe, Eastern Europe, Asia, and internationally. It operates through seven segments: Fishmeal, Fish Oil and Fish Feed; Freshwater FO; Freshwater SCT; Farming FO; Farming SCT; Services; and Sales & Other. The company’s products include fresh and frozen whole salmon, fresh and frozen salmon fillets, fresh skin-packed salmon portions, frozen salmon portions and tails, frozen smoked salmon and salmon fillets, frozen salmon bits and pieces, frozen salmon off-cuts and belly flaps, frozen salmon heads, salmon backbones, and salmon skin under the Bakkafrost, 18 ISLANDS, HEIMLAND, BAKKA SALMON, NATIVE HEBRIDEAN, and LOCHLANDER brands.

P/F Bakkafrost Fundamentals Summary

How do P/F Bakkafrost's earnings and revenue compare to its market cap?
BAKKA fundamental statistics
Market cap	NOK 37.86b
Earnings (TTM)	NOK 893.16m
Revenue (TTM)	NOK 11.88b

42.4x

P/E Ratio

3.2x

P/S Ratio

Is BAKKA overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
BAKKA income statement (TTM)
Revenue	DKK 7.57b
Cost of Revenue	DKK 3.22b
Gross Profit	DKK 4.35b
Other Expenses	DKK 3.79b
Earnings	DKK 569.17m

Last Reported Earnings

Sep 30, 2024

Next Earnings Date

Feb 17, 2025

Earnings per share (EPS)	9.61
Gross Margin	57.51%
Net Profit Margin	7.52%
Debt/Equity Ratio	33.3%

How did BAKKA perform over the long term?

See historical performance and comparison

Dividends

2.1%

Current Dividend Yield

91%

Payout Ratio

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2025/01/05 06:12
End of Day Share Price	2025/01/03 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

P/F Bakkafrost is covered by 16 analysts. 8 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
null null	ABG Sundal Collier
Knut Løvstad	Beringer Finance AB
Alexander Jones	BofA Global Research

BAKKA Stock Overview

Rewards

Risk Analysis

Expanding Harvest Volumes And Sustainable Practices Will Drive Earnings Growth

P/F Bakkafrost Competitors

OB:LSG

NOK 29.4b

OB:AUSS

NOK 20.0b

OB:SALM

NOK 72.4b

OB:ORK

NOK 98.7b

Price History & Performance

Recent News & Updates

P/F Bakkafrost's (OB:BAKKA) Returns On Capital Not Reflecting Well On The Business

Consensus EPS estimates fall by 39%

P/F Bakkafrost Earnings Missed Analyst Estimates: Here's What Analysts Are Forecasting Now

Third quarter 2024 earnings: EPS and revenues miss analyst expectations

P/F Bakkafrost, Annual General Meeting, Apr 30, 2025

Recent updates

P/F Bakkafrost's (OB:BAKKA) Returns On Capital Not Reflecting Well On The Business

Consensus EPS estimates fall by 39%

P/F Bakkafrost Earnings Missed Analyst Estimates: Here's What Analysts Are Forecasting Now

Third quarter 2024 earnings: EPS and revenues miss analyst expectations

P/F Bakkafrost, Annual General Meeting, Apr 30, 2025

P/F Bakkafrost to Report Fiscal Year 2024 Final Results on Mar 31, 2025

There's Reason For Concern Over P/F Bakkafrost's (OB:BAKKA) Price

Is There An Opportunity With P/F Bakkafrost's (OB:BAKKA) 49% Undervaluation?

Consensus EPS estimates fall by 35%

P/F Bakkafrost Just Missed Earnings; Here's What Analysts Are Forecasting Now

Second quarter 2024 earnings: Revenues miss analyst expectations

Is P/F Bakkafrost (OB:BAKKA) Using Too Much Debt?

The Returns On Capital At P/F Bakkafrost (OB:BAKKA) Don't Inspire Confidence

New minor risk - Profit margin trend

P/F Bakkafrost (OB:BAKKA) Is Paying Out Less In Dividends Than Last Year

P/F Bakkafrost to Report Fiscal Year 2023 Results on Apr 22, 2024

P/F Bakkafrost's (OB:BAKKA) Dividend Is Being Reduced To DKK13.26

Full year 2023 earnings: EPS exceeds analyst expectations while revenues lag behind

Dividend of kr13.26 announced

Full year 2023 earnings: EPS exceeds analyst expectations while revenues lag behind

P/F Bakkafrost Proposes Cash Dividend, Payable on or Around 21 May 2024

The Returns On Capital At P/F Bakkafrost (OB:BAKKA) Don't Inspire Confidence

Does P/F Bakkafrost (OB:BAKKA) Have A Healthy Balance Sheet?

Estimating The Intrinsic Value Of P/F Bakkafrost (OB:BAKKA)

What You Can Learn From P/F Bakkafrost's (OB:BAKKA) P/E

Third quarter 2023 earnings: EPS and revenues exceed analyst expectations

Consensus EPS estimates fall by 13%

P/F Bakkafrost's (OB:BAKKA) Intrinsic Value Is Potentially 20% Below Its Share Price

P/F Bakkafrost to Report First Half, 2024 Results on Aug 26, 2024

P/F Bakkafrost to Report Q4, 2023 Results on Feb 20, 2024

P/F Bakkafrost (OB:BAKKA) Has A Somewhat Strained Balance Sheet

Consensus EPS estimates fall by 34%, revenue upgraded

Chief Executive Officer recently bought kr11m worth of stock

Second quarter 2023 earnings: Revenues exceed analysts expectations while EPS lags behind

P/F Bakkafrost (OB:BAKKA) Is Reinvesting At Lower Rates Of Return

With EPS Growth And More, P/F Bakkafrost (OB:BAKKA) Makes An Interesting Case

Investor sentiment deteriorates as stock falls 15%

These 4 Measures Indicate That P/F Bakkafrost (OB:BAKKA) Is Using Debt Reasonably Well

P/F Bakkafrost (OB:BAKKA) Is Reinvesting At Lower Rates Of Return

First quarter 2023 earnings released

P/F Bakkafrost's (OB:BAKKA) Shareholders Will Receive A Bigger Dividend Than Last Year

Is Now The Time To Put P/F Bakkafrost (OB:BAKKA) On Your Watchlist?

Upcoming dividend of kr.10.00 per share at 2.1% yield

We Think P/F Bakkafrost (OB:BAKKA) Can Stay On Top Of Its Debt

Full year 2022 earnings released: EPS: kr.22.75 (vs kr.16.32 in FY 2021)

An Intrinsic Calculation For P/F Bakkafrost (OB:BAKKA) Suggests It's 48% Undervalued

P/F Bakkafrost (OB:BAKKA) May Have Issues Allocating Its Capital

With EPS Growth And More, P/F Bakkafrost (OB:BAKKA) Makes An Interesting Case

Here's Why P/F Bakkafrost (OB:BAKKA) Can Manage Its Debt Responsibly

Third quarter 2022 earnings: EPS and revenues exceed analyst expectations

P/F Bakkafrost to Report Q4, 2022 Results on Feb 21, 2023

P/F Bakkafrost to Report Fiscal Year 2022 Results on Mar 31, 2023

Be Wary Of P/F Bakkafrost (OB:BAKKA) And Its Returns On Capital

Investor sentiment deteriorated over the past week

P/F Bakkafrost (OB:BAKKA) agreed to acquire P/F Faroe Seafood.

Consensus EPS estimates increase by 27%

Second quarter 2022 earnings: EPS exceeds analyst expectations while revenues lag behind

Is P/F Bakkafrost (OB:BAKKA) Using Too Much Debt?

P/F Bakkafrost (OB:BAKKA) Will Be Hoping To Turn Its Returns On Capital Around