Valuation Bakkafrost

Stocks

Market Closed - Oslo Bors 17:45:00 11/09/2026 +03			5-day change	1st Jan Change
448.20 ^NOK	+2.10%		+1.86%	-13.22%

09-11	BofA doubles upgrade of Salmar to buy	FW
09-01	Handelsbanken raises its target price for Bakkafrost to 465 Norwegian kroner (450), reiterates hold - BN	FW

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	18,410	-	-
Change	-	0.05%	-18.52%	13.32%	-18.73%	-4.56%	-	-
Enterprise Value (EV) ¹	27,822	28,372	24,479	26,735	23,187	23,193	22,509	22,310
Change	-	1.98%	-13.72%	9.22%	-13.27%	0.03%	-2.95%	-0.88%
P/E	26.7x	19.1x	21.9x	36.8x	37x	29.6x	13.6x	10.9x
PBR	2.75x	2.47x	1.93x	2.13x	1.75x	1.61x	1.48x	1.34x
PEG	-	0.5x	-0.8x	-1.1x	-2x	1.5x	0x	0.4x
Capitalization / Revenue	4.63x	3.61x	2.93x	3.17x	2.75x	2.31x	1.89x	1.69x
EV / Revenue	5.01x	3.98x	3.43x	3.57x	3.31x	2.9x	2.31x	2.05x
EV / EBITDA	20.6x	12.7x	11.2x	11.9x	13.9x	9.13x	7.02x	5.96x
EV / EBIT	33.9x	16.6x	15.9x	17.3x	26.1x	14.3x	9.97x	8.01x
EV / FCF	2,259x	-538x	-1,159x	19.9x	-410x	31.3x	19.2x	14.8x
FCF Yield	0.04%	-0.19%	-0.09%	5.01%	-0.24%	3.19%	5.21%	6.76%
Dividend per Share ²	5.14	10	8.7	8.44	3.45	7.712	11.78	13.86
Rate of return	1.18%	2.3%	2.46%	2.11%	1.06%	2.48%	3.79%	4.46%
EPS ²	16.32	22.75	16.15	10.88	8.83	10.52	22.82	28.4
Distribution rate	31.5%	44%	53.9%	77.6%	39.1%	73.3%	51.6%	48.8%
Net sales ¹	5,554	7,130	7,141	7,480	7,007	7,986	9,732	10,895
EBITDA ¹	1,352	2,243	2,181	2,254	1,673	2,541	3,205	3,742
EBIT ¹	821.2	1,705	1,544	1,550	888	1,624	2,258	2,785
Net income ¹	964.1	1,345	955.6	656.6	530.2	616.9	1,340	1,676
Net Debt ¹	2,126	2,664	3,533	3,000	3,897	4,782	4,099	3,900
Reference price ²	434.98	435.17	353.78	400.56	326.74	310.87	310.87	310.87
Nbr of stocks (in thousands)	59,074	59,075	59,206	59,253	59,038	59,223	-	-
Announcement Date	2/22/22 A	2/21/23 A	2/20/24 A	2/17/25 A	2/9/26 A	-	-	-

¹DKK in Million²DKK

Estimates

Add to a list 0 selected To use this feature you must be a member Log in Sign up	P/E (Y)	EV / Sales (Y)	EV / EBITDA (Y)	Dividend Yield (Y)	Capi.($)
BAKKAFROST	29.56x	2.9x	9.13x	2.48%	2.86B
AKVA GROUP ASA	25.29x	1.33x	9.89x	1.54%	564M
MÅSØVAL	-35.31x	2.69x	13.37x	3.96%	500M
ANDFJORD SALMON	-19.49x	19.15x	943.48x	-	365M
GRIEG SEAFOOD ASA	-43.66x	1.4x	19.74x	131.54%	324M
Average	-8.72x	5.49x	199.12x	34.88%	922.29M
Weighted average by Cap.	12.97x	3.87x	84.46x	12.38%