Norske Skog Valuation

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

Valuation Score

5/6

Valuation Score 5/6

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

Below Fair Value: NSKOG (NOK37.08) is trading below our estimate of fair value (NOK120.79)

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


Key Valuation Metric

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

Other financial metrics that can be useful for relative valuation.

NSKOG 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/Revenue0.6x
Enterprise Value/EBITDA4.6x
PEG Ratio0.2x

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for NSKOG vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average9.5x
RANA Rana Gruber
6.2x-3.1%kr3.0b
ELO Elopak
11.7x2.3%kr9.3b
600356 Mudanjiang Hengfeng PaperLtd
15.6xn/aCN¥2.1b
A002030 ASIA Holdings
4.5xn/a₩423.2b
NSKOG Norske Skog
9.4x42.4%kr3.1b

Price-To-Earnings vs Peers: NSKOG is good value based on its Price-To-Earnings Ratio (9.4x) compared to the peer average (9.5x).


Price to Earnings Ratio vs Industry

How does NSKOG's PE Ratio compare vs other companies in the European Forestry Industry?

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a21.6%
n/an/an/a
No. of CompaniesPE048121620

Fetching data

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a21.6%
n/an/an/a
No more companies

Price-To-Earnings vs Industry: NSKOG is good value based on its Price-To-Earnings Ratio (9.4x) compared to the European Forestry industry average (10.4x).


Price to Earnings Ratio vs Fair Ratio

What is NSKOG'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.

NSKOG PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio9.4x
Fair PE Ratio20.3x

Price-To-Earnings vs Fair Ratio: NSKOG is good value based on its Price-To-Earnings Ratio (9.4x) compared to the estimated Fair Price-To-Earnings Ratio (20.3x).


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 NSKOG forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Currentkr37.08
kr46.67
+25.9%
20.2%kr60.00kr40.00n/a3
Apr ’25kr33.54
kr46.67
+39.1%
20.2%kr60.00kr40.00n/a3
Mar ’25kr37.46
kr53.33
+42.4%
17.7%kr60.00kr40.00n/a3
Feb ’25kr36.46
kr56.67
+55.4%
8.3%kr60.00kr50.00n/a3
Jan ’25kr41.40
kr66.67
+61.0%
25.5%kr90.00kr50.00n/a3
Dec ’24kr40.50
kr66.67
+64.6%
25.5%kr90.00kr50.00n/a3
Nov ’24kr41.30
kr76.67
+85.6%
12.3%kr90.00kr70.00n/a3
Oct ’24kr46.44
kr81.67
+75.9%
10.4%kr90.00kr70.00n/a3
Sep ’24kr42.24
kr81.67
+93.3%
10.4%kr90.00kr70.00n/a3
Aug ’24kr45.10
kr81.67
+81.1%
10.4%kr90.00kr70.00n/a3
Jul ’24kr42.22
kr88.33
+109.2%
9.6%kr100.00kr80.00n/a3
Jun ’24kr41.40
kr93.33
+125.4%
10.1%kr100.00kr80.00n/a3
May ’24kr47.30
kr93.33
+97.3%
10.1%kr100.00kr80.00kr37.363
Apr ’24kr57.70
kr102.33
+77.4%
15.7%kr117.00kr80.00kr33.543
Mar ’24kr67.35
kr102.33
+51.9%
15.7%kr117.00kr80.00kr37.463
Feb ’24kr68.20
kr102.33
+50.0%
15.7%kr117.00kr80.00kr36.463
Jan ’24kr67.25
kr93.33
+38.8%
10.1%kr100.00kr80.00kr41.403
Dec ’23kr58.05
kr93.33
+60.8%
10.1%kr100.00kr80.00kr40.503
Nov ’23kr62.55
kr93.33
+49.2%
10.1%kr100.00kr80.00kr41.303
Oct ’23kr55.25
kr90.00
+62.9%
9.1%kr100.00kr80.00kr46.443
Sep ’23kr69.45
kr90.00
+29.6%
9.1%kr100.00kr80.00kr42.243
Aug ’23kr68.05
kr90.00
+32.3%
9.1%kr100.00kr80.00kr45.103
Jul ’23kr54.40
kr86.67
+59.3%
5.4%kr90.00kr80.00kr42.223
Jun ’23kr58.45
kr86.67
+48.3%
5.4%kr90.00kr80.00kr41.403
May ’23kr52.20
kr83.33
+59.6%
5.7%kr90.00kr80.00kr47.303

Analyst Forecast: Target price is more than 20% higher than the current share price, but analysts are not within a statistically confident range of agreement.


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