BAKKAFROST

P/F Bakkafrost produces and sells salmon products internationally through 7 segments: Fishmeal/Oil/Feed, Freshwater FO/SCT, Farming FO/SCT, Services, Sales & Other, and others. Products include fresh/frozen whole/salmon fillets, skin-packed portions, smoked salmon, and more under various brands. The company also produces fishmeal/oil/feed, eggs from breeding strains, smolts, and on-grows salmon. It manages farming service vessels, provides fish transportation/treatments/services, converts organic waste into biogas/fertilizers, and optimizes value creation/retention. Founded in 1968, the company is headquartered in Denmark.

Overview

Sector

Farm Products

Target Price

210.8 NOK

Current Price

500.5 NOK

Potential

-58%

Strengths

The company has high returns. ROIC (15.76%) is higher than the sector mean (8.37%).
Price to free cash flow (13.77) is lower than the sector mean.
Strong EBITDA Margin of 23.73%.

Weaknesses

With a depreciation Potential of -56.55%, based on our fundamental analysis, it suggests the stock may be overvalued.
Analysts expect revenues to decline in the coming year.
The company has high debt. Net Debt to EBITDA Ratio (1.90) is higher than the sector mean.

Indicator	Value
PER	28.7
EV/EBITDA	12.7
Price/Free Cash Flow'	14.2
ROIC	15.8%
Net Debt/EBITDA	1.9

BAKKAFROST

Overview

Strengths

Weaknesses

Key Financial Data