AAK AB (publ.)

OM:AAK Stock Report

Market Cap: SEK 66.8b

AAK AB (publ.) Valuation

Is AAK 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-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.

SEK 322.37
Fair Value
20.2% undervalued intrinsic discount
8
Number of Analysts

Below Fair Value: AAK (SEK257.2) is trading below our estimate of fair value (SEK322.37)

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

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 Ratio19.8x
EarningsSEK 3.37b
Market CapSEK 66.78b

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 Average29.1x
CLA B Cloetta
15.9x1.76%SEK 10.5b
SCST Scandi Standard
20.5x19.71%SEK 5.8b
MSON B Midsona
57.2x62.06%SEK 1.1b
CHEF Cheffelo
22.8x12.29%SEK 1.0b
AAK AAK AB (publ.)
19.8x11.38%SEK 66.8b

Price-To-Earnings vs Peers: AAK is good value based on its Price-To-Earnings Ratio (19.8x) compared to the peer average (29.1x).

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 19.8xIndustry Avg. 15.7xNo. of Companies19PE01224364860+
4 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: AAK is expensive based on its Price-To-Earnings Ratio (19.8x) compared to the European Food industry average (15.7x).

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 Ratio19.8x
Fair PE Ratio24.4x

Price-To-Earnings vs Fair Ratio: AAK is good value based on its Price-To-Earnings Ratio (19.8x) compared to the estimated Fair Price-To-Earnings Ratio (24.4x).

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 257.20
SEK 303.63
+18.05%
14.75%SEK 380.00SEK 245.00n/a8
Oct ’26SEK 243.40
SEK 305.57
+25.54%
15.57%SEK 380.00SEK 245.00n/a7
Sep ’26SEK 270.00
SEK 310.14
+14.87%
15.79%SEK 380.00SEK 245.00n/a7
Aug ’26SEK 249.20
SEK 310.14
+24.46%
15.79%SEK 380.00SEK 245.00n/a7
Jul ’26SEK 252.40
SEK 305.57
+21.07%
15.75%SEK 380.00SEK 245.00n/a7
Jun ’26SEK 267.60
SEK 314.75
+17.62%
15.89%SEK 380.00SEK 245.00n/a8
May ’26SEK 252.40
SEK 330.63
+30.99%
17.50%SEK 420.00SEK 245.00n/a8
Apr ’26SEK 279.60
SEK 335.88
+20.13%
16.06%SEK 420.00SEK 251.00n/a8
Mar ’26SEK 300.80
SEK 339.25
+12.78%
16.06%SEK 420.00SEK 255.00n/a8
Feb ’26SEK 323.00
SEK 344.25
+6.58%
15.38%SEK 420.00SEK 255.00n/a8
Jan ’26SEK 315.60
SEK 343.00
+8.68%
15.70%SEK 420.00SEK 250.00n/a8
Dec ’25SEK 295.20
SEK 343.00
+16.19%
15.70%SEK 420.00SEK 250.00n/a8
Nov ’25SEK 304.40
SEK 339.13
+11.41%
14.00%SEK 400.00SEK 250.00n/a8
Oct ’25SEK 329.00
SEK 328.00
-0.30%
15.71%SEK 400.00SEK 245.00SEK 243.408
Sep ’25SEK 317.20
SEK 321.13
+1.24%
15.89%SEK 400.00SEK 245.00SEK 270.008
Aug ’25SEK 304.20
SEK 321.13
+5.56%
15.89%SEK 400.00SEK 245.00SEK 249.208
Jul ’25SEK 309.60
SEK 306.25
-1.08%
17.50%SEK 400.00SEK 225.00SEK 252.408
Jun ’25SEK 294.40
SEK 290.71
-1.25%
19.23%SEK 400.00SEK 225.00SEK 267.607
May ’25SEK 284.60
SEK 290.71
+2.15%
19.23%SEK 400.00SEK 225.00SEK 252.407
Apr ’25SEK 254.40
SEK 258.14
+1.47%
19.47%SEK 340.00SEK 195.00SEK 279.607
Mar ’25SEK 226.20
SEK 252.38
+11.57%
20.16%SEK 340.00SEK 180.00SEK 300.808
Feb ’25SEK 234.40
SEK 240.63
+2.66%
18.34%SEK 320.00SEK 175.00SEK 323.008
Jan ’25SEK 224.80
SEK 239.38
+6.48%
18.13%SEK 320.00SEK 175.00SEK 315.608
Dec ’24SEK 218.40
SEK 235.63
+7.89%
15.75%SEK 290.00SEK 175.00SEK 295.208
Nov ’24SEK 216.20
SEK 237.63
+9.91%
14.84%SEK 290.00SEK 175.00SEK 304.408
Oct ’24SEK 197.00
SEK 228.13
+15.80%
11.49%SEK 270.00SEK 176.00SEK 329.008
SEK 303.63
Fair Value
15.3% undervalued intrinsic discount
8
Number of Analysts

Analyst Forecast: Target price is less than 20% higher than the current share price.

Discover undervalued companies

7D

1Y

7D

1Y

7D

1Y

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/10/17 00:02
End of Day Share Price 2025/10/17 00:00
Earnings2025/06/30
Annual Earnings2024/12/31

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.

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 Github.

Analyst Sources

AAK AB (publ.) is covered by 17 analysts. 7 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
Setu ShardaBarclays
Alexander SloaneBarclays