AAK AB (publ.) Valuation

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

AAK (SEK300) is trading above our estimate of [[fair value]] (SEK293.69)

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

Valuation Score

0/6

Valuation Score 0/6

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 (SEK300) is trading above our estimate of fair value (SEK293.69)

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?

Other financial metrics that can be useful for relative valuation.

The above table shows the n/a ratio for AAK. This is calculated by dividing AAK's market cap by their current preferred multiple.
What is AAK's n/a Ratio?
n/a	0x
n/a	n/a
Market Cap	SEK 77.87b

AAK 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	1.8x
Enterprise Value/EBITDA	14.9x
PEG Ratio	3.3x

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.
Company	Forward PE	Estimated Growth	Market Cap
Peer Average	22.3x
CLA B Cloetta	13.4x	0.1%	SEK 6.6b
SCST Scandi Standard	17.3x	20.4%	SEK 4.9b
SKMO Skåne-möllan	40.5x	n/a	SEK 583.0m
CHEF Cheffelo	18.1x	28.7%	SEK 332.2m
AAK AAK AB (publ.)	22.8x	6.9%	SEK 77.9b

Price-To-Earnings vs Peers: AAK is expensive based on its Price-To-Earnings Ratio (22.8x) compared to the peer average (22.3x).

Price to Earnings Ratio vs Industry

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

0 Companies	Price / Earnings	Estimated Growth	Market Cap
Industry Avg.	n/a	8.3%
	n/a	n/a	n/a

Fetching data

0 Companies	Price / Earnings	Estimated Growth	Market Cap
Industry Avg.	n/a	8.3%
	n/a	n/a	n/a

No more companies

Price-To-Earnings vs Industry: AAK is expensive based on its Price-To-Earnings Ratio (22.8x) compared to the European Food industry average (14.8x).

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 Ratio	22.8x
Fair PE Ratio	21.2x

Price-To-Earnings vs Fair Ratio: AAK is expensive based on its Price-To-Earnings Ratio (22.8x) compared to the estimated Fair Price-To-Earnings Ratio (21.2x).

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.
Date	Share Price	Average 1Y Price Target	Dispersion	High	Low	1Y Actual price	Analysts
Current	SEK 300.00	SEK 315.44 +5.1%	15.5%	SEK 400.00	SEK 245.00	n/a	9
Jul ’25	SEK 309.60	SEK 306.25 -1.1%	17.5%	SEK 400.00	SEK 225.00	n/a	8
Jun ’25	SEK 294.40	SEK 290.71 -1.3%	19.2%	SEK 400.00	SEK 225.00	n/a	7
May ’25	SEK 284.60	SEK 290.71 +2.1%	19.2%	SEK 400.00	SEK 225.00	n/a	7
Apr ’25	SEK 254.40	SEK 258.14 +1.5%	19.5%	SEK 340.00	SEK 195.00	n/a	7
Mar ’25	SEK 226.20	SEK 252.38 +11.6%	20.2%	SEK 340.00	SEK 180.00	n/a	8
Feb ’25	SEK 234.40	SEK 240.63 +2.7%	18.3%	SEK 320.00	SEK 175.00	n/a	8
Jan ’25	SEK 224.80	SEK 239.38 +6.5%	18.1%	SEK 320.00	SEK 175.00	n/a	8
Dec ’24	SEK 218.40	SEK 235.63 +7.9%	15.8%	SEK 290.00	SEK 175.00	n/a	8
Nov ’24	SEK 216.20	SEK 237.63 +9.9%	14.8%	SEK 290.00	SEK 175.00	n/a	8
Oct ’24	SEK 197.00	SEK 228.13 +15.8%	11.5%	SEK 270.00	SEK 176.00	n/a	8
Sep ’24	SEK 205.40	SEK 227.13 +10.6%	12.4%	SEK 270.00	SEK 168.00	n/a	8
Aug ’24	SEK 202.60	SEK 227.13 +12.1%	12.4%	SEK 270.00	SEK 168.00	n/a	8
Jul ’24	SEK 202.80	SEK 224.38 +10.6%	13.9%	SEK 270.00	SEK 161.00	SEK 309.60	8
Jun ’24	SEK 208.20	SEK 224.38 +7.8%	13.9%	SEK 270.00	SEK 161.00	SEK 294.40	8
May ’24	SEK 206.40	SEK 209.63 +1.6%	15.9%	SEK 250.00	SEK 152.00	SEK 284.60	8
Apr ’24	SEK 187.60	SEK 199.75 +6.5%	12.6%	SEK 240.00	SEK 155.00	SEK 254.40	8
Mar ’24	SEK 177.40	SEK 198.88 +12.1%	12.2%	SEK 240.00	SEK 158.00	SEK 226.20	8
Feb ’24	SEK 181.30	SEK 195.75 +8.0%	13.0%	SEK 240.00	SEK 156.00	SEK 234.40	8
Jan ’24	SEK 177.85	SEK 189.13 +6.3%	14.1%	SEK 240.00	SEK 156.00	SEK 224.80	8
Dec ’23	SEK 176.70	SEK 189.13 +7.0%	14.1%	SEK 240.00	SEK 156.00	SEK 218.40	8
Nov ’23	SEK 159.15	SEK 189.13 +18.8%	14.1%	SEK 240.00	SEK 156.00	SEK 216.20	8
Oct ’23	SEK 147.35	SEK 206.88 +40.4%	11.6%	SEK 247.00	SEK 179.00	SEK 197.00	8
Sep ’23	SEK 159.20	SEK 206.88 +29.9%	11.6%	SEK 247.00	SEK 179.00	SEK 205.40	8
Aug ’23	SEK 176.00	SEK 206.50 +17.3%	11.4%	SEK 244.00	SEK 179.00	SEK 202.60	8
Jul ’23	SEK 170.30	SEK 204.75 +20.2%	11.0%	SEK 240.00	SEK 176.00	SEK 202.80	8

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