P/F Bakkafrost

OB:BAKKA Stock Report

Market Cap: NOK 37.3b

P/F Bakkafrost Valuation

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

Below Fair Value: BAKKA (NOK629.5) is trading above our estimate of fair value (NOK457.58)

Significantly Below Fair Value: BAKKA is trading above our estimate of fair value.

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for BAKKA. This is calculated by dividing BAKKA's market cap by their current earnings.
What is BAKKA's PE Ratio?
PE Ratio41.4x
EarningsDKK 569.17m
Market CapDKK 23.55b

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for BAKKA vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average15.7x
LSG Lerøy Seafood Group
15x30.6%NOK 29.0b
AUSS Austevoll Seafood
8.8x9.4%NOK 19.5b
SALM SalMar
21.7x32.8%NOK 71.1b
ORK Orkla
17.2x7.9%NOK 97.9b
BAKKA P/F Bakkafrost
41.4x61.6%NOK 37.3b

Price-To-Earnings vs Peers: BAKKA is expensive based on its Price-To-Earnings Ratio (41.4x) compared to the peer average (15.7x).

Price to Earnings Ratio vs Industry

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

4 CompaniesPrice / EarningsEstimated GrowthMarket Cap
BAKKA 41.4xIndustry Avg. 13.7xNo. of Companies20PE01020304050+
4 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: BAKKA is expensive based on its Price-To-Earnings Ratio (41.4x) compared to the European Food industry average (13.7x).

Price to Earnings Ratio vs Fair Ratio

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 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio41.4x
Fair PE Ratio33.9x

Price-To-Earnings vs Fair Ratio: BAKKA is expensive based on its Price-To-Earnings Ratio (41.4x) compared to the estimated Fair Price-To-Earnings Ratio (33.9x).

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 BAKKA forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentNOK 629.50
NOK 723.69
+15.0%
7.4%NOK 793.94NOK 635.31n/a8
Dec ’25NOK 652.50
NOK 724.59
+11.0%
6.1%NOK 781.58NOK 660.09n/a7
Nov ’25NOK 660.00
NOK 724.48
+9.8%
7.0%NOK 804.42NOK 658.88n/a7
Oct ’25NOK 624.00
NOK 707.75
+13.4%
7.7%NOK 791.44NOK 633.15n/a6
Sep ’25NOK 574.50
NOK 712.01
+23.9%
9.7%NOK 794.53NOK 620.58n/a6
Aug ’25NOK 566.00
NOK 726.54
+28.4%
10.1%NOK 806.80NOK 624.14n/a6
Jul ’25NOK 543.00
NOK 706.01
+30.0%
11.5%NOK 802.96NOK 600.86n/a6
Jun ’25NOK 577.00
NOK 702.49
+21.7%
11.3%NOK 800.62NOK 600.66n/a6
May ’25NOK 679.00
NOK 708.12
+4.3%
14.1%NOK 812.70NOK 561.32n/a6
Apr ’25NOK 697.00
NOK 689.18
-1.1%
12.0%NOK 794.40NOK 563.31n/a7
Mar ’25NOK 664.00
NOK 648.50
-2.3%
12.5%NOK 779.75NOK 552.92n/a7
Feb ’25NOK 588.50
NOK 580.71
-1.3%
13.1%NOK 697.79NOK 499.33n/a7
Jan ’25NOK 532.00
NOK 534.96
+0.6%
12.4%NOK 687.87NOK 473.24n/a7
Dec ’24NOK 525.00
NOK 556.81
+6.1%
13.0%NOK 721.60NOK 494.25NOK 652.507
Nov ’24NOK 509.50
NOK 580.73
+14.0%
16.6%NOK 810.65NOK 499.08NOK 660.007
Oct ’24NOK 547.50
NOK 600.14
+9.6%
12.3%NOK 748.75NOK 526.12NOK 624.006
Sep ’24NOK 532.50
NOK 622.26
+16.9%
11.7%NOK 754.01NOK 529.82NOK 574.506
Aug ’24NOK 597.00
NOK 726.56
+21.7%
7.2%NOK 810.48NOK 672.11NOK 566.006
Jul ’24NOK 642.00
NOK 765.35
+19.2%
7.4%NOK 838.53NOK 688.76NOK 543.006
Jun ’24NOK 739.00
NOK 777.91
+5.3%
8.6%NOK 884.36NOK 689.42NOK 577.006
May ’24NOK 776.00
NOK 754.08
-2.8%
7.8%NOK 883.19NOK 698.79NOK 679.007
Apr ’24NOK 678.50
NOK 710.62
+4.7%
9.0%NOK 852.74NOK 640.53NOK 697.007
Mar ’24NOK 662.50
NOK 684.54
+3.3%
10.5%NOK 849.84NOK 620.34NOK 664.007
Feb ’24NOK 615.00
NOK 626.41
+1.9%
4.3%NOK 667.13NOK 588.96NOK 588.507
Jan ’24NOK 616.00
NOK 589.70
-4.3%
7.5%NOK 650.03NOK 526.32NOK 532.007
Dec ’23NOK 550.50
NOK 569.08
+3.4%
5.6%NOK 626.05NOK 524.54NOK 525.006

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 Analysis2024/12/23 03:56
End of Day Share Price 2024/12/20 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

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.

AnalystInstitution
null nullABG Sundal Collier
Knut LøvstadBeringer Finance AB
Alexander JonesBofA Global Research