Orkla Valuation

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

ORK (NOK91.45) is trading below our estimate of [[fair value]] (NOK116.14)

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

Valuation Score

3/6

Valuation Score 3/6

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

Below Fair Value: ORK (NOK91.45) is trading below our estimate of fair value (NOK116.14)

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

Key Valuation Metric

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

Other financial metrics that can be useful for relative valuation.

The above table shows the n/a ratio for ORK. This is calculated by dividing ORK's market cap by their current preferred multiple.
What is ORK's n/a Ratio?
n/a	0x
n/a	n/a
Market Cap	NOK 91.30b

ORK key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue	1.7x
Enterprise Value/EBITDA	12.1x
PEG Ratio	4.2x

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for ORK vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
Company	Forward PE	Estimated Growth	Market Cap
Peer Average	36x
MOWI Mowi	25x	42.5%	NOK 98.3b
SALM SalMar	48x	37.5%	NOK 83.6b
BAKKA P/F Bakkafrost	24.5x	25.8%	NOK 34.5b
KLDVK Kaldvik	46.4x	65.4%	NOK 3.4b
ORK Orkla	15.1x	3.6%	NOK 91.3b

Price-To-Earnings vs Peers: ORK is good value based on its Price-To-Earnings Ratio (15.1x) compared to the peer average (36x).

Price to Earnings Ratio vs Industry

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

0 Companies	Price / Earnings	Estimated Growth	Market Cap
Industry Avg.	n/a	35.6%
	n/a	n/a	n/a

Fetching data

0 Companies	Price / Earnings	Estimated Growth	Market Cap
Industry Avg.	n/a	35.6%
	n/a	n/a	n/a

No more companies

Price-To-Earnings vs Industry: ORK is expensive based on its Price-To-Earnings Ratio (15.1x) compared to the European Food industry average (14.9x).

Price to Earnings Ratio vs Fair Ratio

What is ORK'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.

ORK PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio	15.1x
Fair PE Ratio	13.9x

Price-To-Earnings vs Fair Ratio: ORK is expensive based on its Price-To-Earnings Ratio (15.1x) compared to the estimated Fair Price-To-Earnings Ratio (13.9x).

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 ORK forecast and predictions for the stock price in 12 month’s time.
Date	Share Price	Average 1Y Price Target	Dispersion	High	Low	1Y Actual price	Analysts
Current	NOK 91.45	NOK 89.57 -2.1%	9.9%	NOK 105.00	NOK 76.00	n/a	7
Aug ’25	NOK 91.20	NOK 89.57 -1.8%	9.9%	NOK 105.00	NOK 76.00	n/a	7
Jul ’25	NOK 85.40	NOK 86.43 +1.2%	8.9%	NOK 100.00	NOK 75.00	n/a	7
Jun ’25	NOK 83.55	NOK 83.43 -0.1%	6.6%	NOK 92.00	NOK 75.00	n/a	7
May ’25	NOK 75.80	NOK 81.71 +7.8%	7.3%	NOK 90.00	NOK 74.00	n/a	7
Apr ’25	NOK 76.54	NOK 82.71 +8.1%	10.8%	NOK 100.00	NOK 72.00	n/a	7
Mar ’25	NOK 76.06	NOK 82.71 +8.7%	10.8%	NOK 100.00	NOK 72.00	n/a	7
Feb ’25	NOK 82.20	NOK 86.57 +5.3%	15.3%	NOK 107.00	NOK 72.00	n/a	7
Jan ’25	NOK 78.84	NOK 86.43 +9.6%	15.1%	NOK 107.00	NOK 72.00	n/a	7
Dec ’24	NOK 80.32	NOK 88.00 +9.6%	13.8%	NOK 107.00	NOK 72.00	n/a	7
Nov ’24	NOK 77.48	NOK 87.86 +13.4%	15.4%	NOK 107.00	NOK 72.00	n/a	7
Oct ’24	NOK 79.98	NOK 86.71 +8.4%	15.8%	NOK 105.00	NOK 67.00	n/a	7
Sep ’24	NOK 80.20	NOK 86.86 +8.3%	15.8%	NOK 105.00	NOK 67.00	n/a	7
Aug ’24	NOK 80.42	NOK 86.86 +8.0%	15.8%	NOK 105.00	NOK 67.00	NOK 91.20	7
Jul ’24	NOK 77.10	NOK 81.14 +5.2%	14.9%	NOK 96.00	NOK 62.00	NOK 85.40	7
Jun ’24	NOK 80.28	NOK 81.14 +1.1%	14.9%	NOK 96.00	NOK 62.00	NOK 83.55	7
May ’24	NOK 76.60	NOK 73.33 -4.3%	8.2%	NOK 80.00	NOK 62.00	NOK 75.80	6
Apr ’24	NOK 74.26	NOK 72.67 -2.1%	8.5%	NOK 80.00	NOK 62.00	NOK 76.54	6
Mar ’24	NOK 69.60	NOK 72.00 +3.4%	8.2%	NOK 80.00	NOK 62.00	NOK 76.06	7
Feb ’24	NOK 74.58	NOK 74.00 -0.8%	8.4%	NOK 85.00	NOK 65.00	NOK 82.20	7
Jan ’24	NOK 70.94	NOK 73.86 +4.1%	11.3%	NOK 90.00	NOK 64.00	NOK 78.84	7
Dec ’23	NOK 69.84	NOK 76.43 +9.4%	11.3%	NOK 90.00	NOK 64.00	NOK 80.32	7
Nov ’23	NOK 68.84	NOK 78.00 +13.3%	9.4%	NOK 90.00	NOK 68.00	NOK 77.48	7
Oct ’23	NOK 79.20	NOK 88.14 +11.3%	10.7%	NOK 105.00	NOK 77.00	NOK 79.98	7
Sep ’23	NOK 83.64	NOK 88.14 +5.4%	10.7%	NOK 105.00	NOK 77.00	NOK 80.20	7
Aug ’23	NOK 82.88	NOK 88.14 +6.3%	10.7%	NOK 105.00	NOK 77.00	NOK 80.42	7

Analyst Forecast: Target price is lower than the current share price.