AAK AB (publ.)

OM:AAK Stock Report

Market Cap: SEK 82.0b

AAK AB (publ.) Valuation

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

Valuation Score

1/6

Valuation Score 1/6

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

Below Fair Value: AAK (SEK316) is trading above our estimate of fair value (SEK292.85)

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

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for AAK. This is calculated by dividing AAK's market cap by their current earnings.
What is AAK's PE Ratio?
PE Ratio23.6x
EarningsSEK 3.48b
Market CapSEK 82.02b

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for AAK vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average26.3x
CLA B Cloetta
15.6x8.8%SEK 7.1b
SCST Scandi Standard
18.3x19.6%SEK 5.5b
MSON B Midsona
37.8x53.0%SEK 1.2b
SKMO Skåne-möllan
33.5xn/aSEK 532.4m
AAK AAK AB (publ.)
23.6x5.4%SEK 82.0b

Price-To-Earnings vs Peers: AAK is good value based on its Price-To-Earnings Ratio (23.6x) compared to the peer average (26.3x).

Price to Earnings Ratio vs Industry

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

4 CompaniesPrice / EarningsEstimated GrowthMarket Cap
AAK 23.6xIndustry Avg. 13.7xNo. of Companies20PE01020304050+
4 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: AAK is expensive based on its Price-To-Earnings Ratio (23.6x) compared to the European Food industry average (13.7x).

Price to Earnings Ratio vs Fair Ratio

What is AAK'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.

AAK PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio23.6x
Fair PE Ratio21.3x

Price-To-Earnings vs Fair Ratio: AAK is expensive based on its Price-To-Earnings Ratio (23.6x) compared to the estimated Fair Price-To-Earnings Ratio (21.3x).

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 AAK forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentSEK 316.00
SEK 343.00
+8.5%
15.7%SEK 420.00SEK 250.00n/a8
Dec ’25SEK 295.20
SEK 343.00
+16.2%
15.7%SEK 420.00SEK 250.00n/a8
Nov ’25SEK 304.40
SEK 339.13
+11.4%
14.0%SEK 400.00SEK 250.00n/a8
Oct ’25SEK 329.00
SEK 328.00
-0.3%
15.7%SEK 400.00SEK 245.00n/a8
Sep ’25SEK 317.20
SEK 321.13
+1.2%
15.9%SEK 400.00SEK 245.00n/a8
Aug ’25SEK 304.20
SEK 321.13
+5.6%
15.9%SEK 400.00SEK 245.00n/a8
Jul ’25SEK 309.60
SEK 306.25
-1.1%
17.5%SEK 400.00SEK 225.00n/a8
Jun ’25SEK 294.40
SEK 290.71
-1.3%
19.2%SEK 400.00SEK 225.00n/a7
May ’25SEK 284.60
SEK 290.71
+2.1%
19.2%SEK 400.00SEK 225.00n/a7
Apr ’25SEK 254.40
SEK 258.14
+1.5%
19.5%SEK 340.00SEK 195.00n/a7
Mar ’25SEK 226.20
SEK 252.38
+11.6%
20.2%SEK 340.00SEK 180.00n/a8
Feb ’25SEK 234.40
SEK 240.63
+2.7%
18.3%SEK 320.00SEK 175.00n/a8
Jan ’25SEK 224.80
SEK 239.38
+6.5%
18.1%SEK 320.00SEK 175.00n/a8
Dec ’24SEK 218.40
SEK 235.63
+7.9%
15.8%SEK 290.00SEK 175.00SEK 295.208
Nov ’24SEK 216.20
SEK 237.63
+9.9%
14.8%SEK 290.00SEK 175.00SEK 304.408
Oct ’24SEK 197.00
SEK 228.13
+15.8%
11.5%SEK 270.00SEK 176.00SEK 329.008
Sep ’24SEK 205.40
SEK 227.13
+10.6%
12.4%SEK 270.00SEK 168.00SEK 317.208
Aug ’24SEK 202.60
SEK 227.13
+12.1%
12.4%SEK 270.00SEK 168.00SEK 304.208
Jul ’24SEK 202.80
SEK 224.38
+10.6%
13.9%SEK 270.00SEK 161.00SEK 309.608
Jun ’24SEK 208.20
SEK 224.38
+7.8%
13.9%SEK 270.00SEK 161.00SEK 294.408
May ’24SEK 206.40
SEK 209.63
+1.6%
15.9%SEK 250.00SEK 152.00SEK 284.608
Apr ’24SEK 187.60
SEK 199.75
+6.5%
12.6%SEK 240.00SEK 155.00SEK 254.408
Mar ’24SEK 177.40
SEK 198.88
+12.1%
12.2%SEK 240.00SEK 158.00SEK 226.208
Feb ’24SEK 181.30
SEK 195.75
+8.0%
13.0%SEK 240.00SEK 156.00SEK 234.408
Jan ’24SEK 177.85
SEK 189.13
+6.3%
14.1%SEK 240.00SEK 156.00SEK 224.808
Dec ’23SEK 176.70
SEK 189.13
+7.0%
14.1%SEK 240.00SEK 156.00SEK 218.408

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 Analysis2024/12/22 00:21
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

AAK AB (publ.) is covered by 18 analysts. 6 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Casper BlomABG Sundal Collier
Setu ShardaBarclays
Alexander SloaneBarclays