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 17,869 - -
Change - 0.05% -18.52% 13.32% -18.73% -7.36% - -
Enterprise Value (EV) 1 27,822 28,372 24,479 26,735 23,187 21,985 21,591 21,130
Change - 1.98% -13.72% 9.22% -13.27% -5.18% -1.79% -2.13%
P/E 26.7x 19.1x 21.9x 36.8x 37x 19.2x 12.3x 10.3x
PBR 2.75x 2.47x 1.93x 2.13x 1.75x 1.51x 1.39x 1.26x
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 2.1x 1.83x 1.66x
EV / Revenue 5.01x 3.98x 3.43x 3.57x 3.31x 2.59x 2.21x 1.96x
EV / EBITDA 20.6x 12.7x 11.2x 11.9x 13.9x 8.26x 6.37x 5.53x
EV / EBIT 33.9x 16.6x 15.9x 17.3x 26.1x 12.6x 8.97x 7.41x
EV / FCF 2,259x -538x -1,159x 19.9x -410x 41.6x 19.2x 16.1x
FCF Yield 0.04% -0.19% -0.09% 5.01% -0.24% 2.41% 5.2% 6.21%
Dividend per Share 2 5.14 10 8.7 8.44 3.45 8.222 12 12.13
Rate of return 1.18% 2.3% 2.46% 2.11% 1.06% 2.72% 3.98% 4.02%
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% 39.1% 52.4% 48.9% 41.6%
Net sales 1 5,554 7,130 7,141 7,480 7,007 8,491 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 1,345 955.6 656.6 530.2 907.6 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 2 434.98 435.17 353.78 400.56 326.74 301.73 301.73 301.73
Nbr of stocks (in thousands) 59,074 59,075 59,206 59,253 59,038 59,223 - -
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.($)
19.31x2.6x8.3x2.71% 2.72B
21.16x1.23x8.83x3.55% 488M
73.78x2.56x11.34x1.99% 480M
-26.21x17.57x350.76x - 375M
16.67x1.47x16.14x116.63% 351M
-18.34x8.31x83.89x-.--% 233M
Average 14.40x 5.62x 79.87x 24.98% 774.3M
Weighted average by Cap. 19.37x 3.86x 40.72x 11.95%

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