OB:BAKKA

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Executive Summary

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. More Details


Snowflake Analysis

Flawless balance sheet and good value.


Similar Companies

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 has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

-8.5%

BAKKA

-3.8%

NO Food

-4.3%

NO Market


1 Year Return

-4.9%

BAKKA

-13.9%

NO Food

-13.3%

NO Market

Return vs Industry: BAKKA exceeded the Norwegian Food industry which returned -13.9% over the past year.

Return vs Market: BAKKA exceeded the Norwegian Market which returned -13.3% over the past year.


Shareholder returns

BAKKAIndustryMarket
7 Day-8.5%-3.8%-4.3%
30 Day-9.6%-7.1%-4.8%
90 Day-1.4%-3.6%-2.0%
1 Year-4.9%-4.9%-12.3%-13.9%-10.4%-13.3%
3 Year62.6%53.8%32.8%19.5%-2.6%-13.4%
5 Year155.5%124.8%100.1%60.0%33.2%6.6%

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

Valuation

Is P/F Bakkafrost undervalued compared to its fair value and its price relative to the market?

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: BAKKA (NOK544) is trading below our estimate of fair value (NOK2775.07)

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 (28.3x) compared to the NO Food industry average (23x).

PE vs Market: BAKKA is poor value based on its PE Ratio (28.3x) compared to the Norwegian market (14.9x).


Price to Earnings Growth Ratio

PEG Ratio: BAKKA is good value based on its PEG Ratio (0.8x)


Price to Book Ratio

PB vs Industry: BAKKA is good value based on its PB Ratio (2.5x) compared to the NO Food industry average (2.6x).


Next Steps

Future Growth

How is P/F Bakkafrost forecast to perform in the next 1 to 3 years based on estimates from 6 analysts?

33.6%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: BAKKA's forecast earnings growth (33.6% per year) is above the savings rate (1.6%).

Earnings vs Market: BAKKA's earnings (33.6% per year) are forecast to grow faster than the Norwegian market (30.9% per year).

High Growth Earnings: earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: BAKKA's revenue (12.7% per year) is forecast to grow faster than the Norwegian market (4.6% per year).

High Growth Revenue: BAKKA's revenue (12.7% 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 (14.4%).


Next Steps

Past Performance

How has P/F Bakkafrost performed over the past 5 years?

-6.6%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: BAKKA has high quality earnings.

Growing Profit Margin: BAKKA's current net profit margins (14.7%) are lower than last year (22.8%).


Past Earnings Growth Analysis

Earnings Trend: BAKKA's earnings have declined by 6.6% 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 (-2.2%) over the past year, making it difficult to compare to the Food industry average (-33.6%).


Return on Equity

High ROE: BAKKA's Return on Equity (8.4%) is considered low.


Next Steps

Financial Health

How is P/F Bakkafrost's financial position?


Financial Position Analysis

Short Term Liabilities: BAKKA's short term assets (DKK3.7B) exceed its short term liabilities (DKK929.1M).

Long Term Liabilities: BAKKA's short term assets (DKK3.7B) exceed its long term liabilities (DKK3.0B).


Debt to Equity History and Analysis

Debt Level: BAKKA's debt to equity ratio (18.5%) is considered satisfactory.

Reducing Debt: BAKKA's debt to equity ratio has reduced from 30% to 18.5% over the past 5 years.

Debt Coverage: BAKKA's debt is well covered by operating cash flow (69.9%).

Interest Coverage: BAKKA's interest payments on its debt are well covered by EBIT (34x coverage).


Balance Sheet


Next Steps

Dividend

What is P/F Bakkafrost current dividend yield, its reliability and sustainability?

2.69%

Forecast Dividend Yield


Dividend Yield vs Market

Notable Dividend: Unable to evaluate BAKKA's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate BAKKA's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if BAKKA's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if BAKKA's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: BAKKA is not paying a notable dividend for the Norwegian market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of BAKKA's dividend in 3 years as they are not forecast to pay a notable one for the Norwegian market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

3.0yrs

Average management tenure


CEO

Reja Jacobsen (54 yo)

31.75yrs

Tenure

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 ...


Leadership Team

NamePositionTenureCompensationOwnership
Johan Jacobsen
Chief Executive Officer31.75yrsno data7.82%
DKK 2.5b
Høgni Jakobsen
Chief Financial Officer1.5yrsno data0.00059%
DKK 189.8k
Sverri Kjærbæk
Operations Manager4.08yrsno datano data
Símun Jacobsen
Senior Sales Manager7.83yrsno datano data
Heini Kristiansen
Group Human Resource Manager1.92yrsno datano data
Odd Eliasen
MD of Havsbrún & CEO of The Scottish Salmon Company Plc0.75yrno data0.31%
DKK 100.5m

3.0yrs

Average Tenure

54.5yo

Average Age

Experienced Management: BAKKA's management team is considered experienced (3 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Einar Wathne
Independent Director1.75yrskr.161.00kno data
Teitur Samuelsen
Independent Director4.5yrskr.252.00k0.00017%
DKK 54.7k
Rúni Hansen
Independent Chairman of the Board10.83yrskr.461.00k0.018%
DKK 5.9m
Annika Frederiksberg
Director12.58yrskr.209.00k0.027%
DKK 8.7m
Johannes Jensen
Independent Deputy Chairman of the Board11.75yrskr.261.00kno data
Øystein Sandvik
Independent Director7.5yrskr.265.00kno data

9.2yrs

Average Tenure

55.5yo

Average Age

Experienced Board: BAKKA's board of directors are considered experienced (9.2 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

P/F Bakkafrost's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: P/F Bakkafrost
  • Ticker: BAKKA
  • Exchange: OB
  • Founded: 1968
  • Industry: Packaged Foods and Meats
  • Sector: Food, Beverage & Tobacco
  • Market Cap: kr32.177b
  • Shares outstanding: 59.04m
  • Website: https://www.bakkafrost.com

Number of Employees


Location

  • P/F Bakkafrost
  • Bakkavegur 9
  • PO Box 221
  • Glyvrar
  • The Faroe Islands
  • 625
  • Denmark

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
BAKKAOB (Oslo Bors)YesOrdinary SharesNONOKMar 2010
0MQ2LSE (London Stock Exchange)YesOrdinary SharesGBNOKMar 2010
BKFK.FOTCPK (Pink Sheets LLC)YesOrdinary SharesUSUSDMar 2010
6BFDB (Deutsche Boerse AG)YesOrdinary SharesDEEURMar 2010
BAKKAOBATS-CHIXE (BATS 'Chi-X Europe')YesOrdinary SharesGBNOKMar 2010

Biography

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 th ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/10/30 21:55
End of Day Share Price2020/10/30 00:00
Earnings2020/06/30
Annual Earnings2019/12/31


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.