Gigante Salmon AS

OB:GIGA Stock Report

Market Cap: NOK 1.4b

Gigante Salmon Valuation

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

Valuation Score

4/6

Valuation Score 4/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Book vs Peers

  • Price-To-Book vs Industry

  • Price-To-Book vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

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

Below Fair Value: GIGA (NOK8.3) is trading below our estimate of fair value (NOK55.47)

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

Key Valuation Metric

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

Key metric: As GIGA is unprofitable and pre-revenue we use its Price-To-Book Ratio for relative valuation analysis.

The above table shows the Price to Book ratio for GIGA. This is calculated by dividing GIGA's market cap by their current book value.
What is GIGA's PB Ratio?
PB Ratio2x
BookNOK 715.62m
Market CapNOK 1.39b

Price to Book Ratio vs Peers

How does GIGA's PB Ratio compare to its peers?

The above table shows the PB ratio for GIGA vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PBEstimated GrowthMarket Cap
Peer Average4.2x
NOHAL Nordic Halibut
2.1x72.9%NOK 883.8m
AFISH Arctic Fish Holding
2.2x91.9%NOK 2.2b
ASA Atlantic Sapphire
0.2x53.2%NOK 573.7m
KLDVK Kaldvik
12.3x85.5%NOK 3.6b
GIGA Gigante Salmon
2x142.5%NOK 1.4b

Price-To-Book vs Peers: GIGA is good value based on its Price-To-Book Ratio (2x) compared to the peer average (4.2x).

Price to Book Ratio vs Industry

How does GIGA's PB Ratio compare vs other companies in the NO Food Industry?

1 CompanyPrice / BookEstimated GrowthMarket Cap
ASA Atlantic Sapphire
0.2x53.2%US$51.89m
No more companies available in this PB range
GIGA 2.0xIndustry Avg. 2.0xNo. of Companies6PB012345+
1 CompanyEstimated GrowthMarket Cap
No more companies

Price-To-Book vs Industry: GIGA is good value based on its Price-To-Book Ratio (2x) compared to the Norwegian Food industry average (2x).

Price to Book Ratio vs Fair Ratio

What is GIGA's PB Ratio compared to its Fair PB Ratio? This is the expected PB Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

GIGA PB Ratio vs Fair Ratio.
Fair Ratio
Current PB Ratio2x
Fair PB Ration/a

Price-To-Book vs Fair Ratio: Insufficient data to calculate GIGA's Price-To-Book Fair Ratio for valuation analysis.

Analyst Price Targets

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

Analyst Forecast: Target price is more than 20% higher than the current share price, but there are not enough analysts covering the stock to determine statistical confidence in agreement.

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