Company Valuation: Bakkafrost

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 25,696 25,708 20,946 23,735 19,290 16,099 - -
Change - 0.05% -18.52% 13.32% -18.73% -16.54% - -
Enterprise Value (EV) 1 27,822 28,372 24,479 26,735 23,187 20,215 19,820 19,360
Change - 1.98% -13.72% 9.22% -13.27% -12.82% -1.95% -2.32%
P/E 26.7x 19.1x 21.9x 36.8x 37x 17.3x 11.1x 9.31x
PBR 2.75x 2.47x 1.93x 2.13x 1.75x 1.36x 1.25x 1.14x
PEG - 0.5x -0.8x -1.1x -2x 0.2x 0.2x 0.5x
Capitalization / Revenue 4.63x 3.61x 2.93x 3.17x 2.75x 1.9x 1.65x 1.49x
EV / Revenue 5.01x 3.98x 3.43x 3.57x 3.31x 2.38x 2.03x 1.79x
EV / EBITDA 20.6x 12.7x 11.2x 11.9x 13.9x 7.6x 5.85x 5.07x
EV / EBIT 33.9x 16.6x 15.9x 17.3x 26.1x 11.6x 8.23x 6.79x
EV / FCF 2,259x -538x -1,159x 19.9x -410x 306x 18.9x 13.9x
FCF Yield 0.04% -0.19% -0.09% 5.01% -0.24% 0.33% 5.28% 7.19%
Dividend per Share 2 5.14 10 8.7 8.44 - 8.222 12 12.13
Rate of return 1.18% 2.3% 2.46% 2.11% - 3.03% 4.42% 4.47%
EPS 2 16.32 22.75 16.15 10.88 8.83 15.71 24.54 29.16
Distribution rate 31.5% 44% 53.9% 77.6% - 52.4% 48.9% 41.6%
Net sales 1 5,554 7,130 7,141 7,480 7,007 8,492 9,783 10,787
EBITDA 1 1,352 2,243 2,181 2,254 1,673 2,661 3,388 3,818
EBIT 1 821.2 1,705 1,544 1,550 888 1,747 2,408 2,850
Net income 1 964.1 1,345 955.6 656.6 530.2 907.7 1,442 1,709
Net Debt 1 2,126 2,664 3,533 3,000 3,897 4,116 3,721 3,261
Reference price 2 434.98 435.17 353.78 400.56 326.74 271.51 271.51 271.51
Nbr of stocks (in thousands) 59,074 59,075 59,206 59,253 59,038 59,294 - -
Announcement Date 22/02/22 21/02/23 20/02/24 17/02/25 09/02/26 - - -
1DKK in Million2DKK
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
17.35x2.39x7.63x3.02% 2.47B
22.13x1.19x9.06x2.93% 474M
16.6x1.17x7.05x3.01% 419M
67.35x2.37x10.43x2.27% 411M
-25.76x17.38x346.91x - 360M
Average 19.53x 4.90x 76.22x 2.81% 827.32M
Weighted average by Cap. 19.04x 3.43x 37.52x 2.92%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

Year-on-year evolution of the Yield