Valuation Bakkafrost

Stocks

Market Closed - Oslo Bors 10:45:00 2026-10-23 am EDT			5-day change	1st Jan Change
459.60 ^NOK	+0.09%		+4.41%	-11.02%

Oct. 21	SB1 Markets sees higher salmon prices in 2027, Bakkafrost remains favorite	FW
Oct. 20	Arctic raises its price target for Bakkafrost to 550 Norwegian kroner (537), reiterates Buy	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	19,400	-	-
Change	-	0.05%	-18.52%	13.32%	-18.73%	0.57%	-	-
Enterprise Value (EV) ¹	27,822	28,372	24,479	26,735	23,187	23,981	23,758	23,665
Change	-	1.98%	-13.72%	9.22%	-13.27%	3.42%	-0.93%	-0.39%
P/E	26.7x	19.1x	21.9x	36.8x	37x	32.3x	14.5x	11.5x
PBR	2.75x	2.47x	1.93x	2.13x	1.75x	1.69x	1.56x	1.42x
PEG	-	0.5x	-0.8x	-1.1x	-2x	2.2x	0x	0.4x
Capitalization / Revenue	4.63x	3.61x	2.93x	3.17x	2.75x	2.45x	1.98x	1.77x
EV / Revenue	5.01x	3.98x	3.43x	3.57x	3.31x	3.02x	2.43x	2.16x
EV / EBITDA	20.6x	12.7x	11.2x	11.9x	13.9x	9.67x	7.48x	6.31x
EV / EBIT	33.9x	16.6x	15.9x	17.3x	26.1x	15x	10.6x	8.49x
EV / FCF	2,259x	-538x	-1,159x	19.9x	-410x	45.7x	23.9x	17.5x
FCF Yield	0.04%	-0.19%	-0.09%	5.01%	-0.24%	2.19%	4.18%	5.7%
Dividend per Share ²	5.14	10	8.7	8.44	3.45	7.651	11.36	13.72
Rate of return	1.18%	2.3%	2.46%	2.11%	1.06%	2.34%	3.47%	4.19%
EPS ²	16.32	22.75	16.15	10.88	8.83	10.13	22.58	28.56
Distribution rate	31.5%	44%	53.9%	77.6%	39.1%	75.5%	50.3%	48%
Net sales ¹	5,554	7,130	7,141	7,480	7,007	7,929	9,790	10,972
EBITDA ¹	1,352	2,243	2,181	2,254	1,673	2,481	3,178	3,748
EBIT ¹	821.2	1,705	1,544	1,550	888	1,598	2,232	2,788
Net income ¹	964.1	1,345	955.6	656.6	530.2	595.1	1,324	1,686
Net Debt ¹	2,126	2,664	3,533	3,000	3,897	4,581	4,358	4,265
Reference price ²	434.98	435.17	353.78	400.56	326.74	327.58	327.58	327.58
Nbr of stocks (in thousands)	59,074	59,075	59,206	59,253	59,038	59,223	-	-
Announcement Date	2/22/22	2/21/23	2/20/24	2/17/25	2/9/26	-	-	-

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 (N)	EV / Sales (N)	EV / EBITDA (N)	Dividend Yield (N)	Capi.($)
BAKKAFROST	32.32x	3.02x	9.67x	2.34%	2.91B
MUYUAN FOODS GROUP CO., LTD.	-156.05x	2.45x	22.4x	0.14%	35.32B
WENS FOODSTUFF GROUP CO., LTD.	-75.49x	1.3x	67.8x	0.26%	15.93B
GUANGDONG HAID GROUP CO., LIMITED	17.49x	0.47x	9.12x	2.98%	10.28B
CHAROEN POKPHAND FOODS	8.76x	1.08x	8.91x	4.61%	4.84B
NEW HOPE LIUHE CO.,LTD.	-16.02x	0.67x	17.64x	0.13%	4.56B
FUJIAN WANCHEN FOOD GROUP CO., LTD.	9.88x	0.27x	3.67x	1.94%	3.96B
JIANGXI ZHENGBANG TECHNOLOGY CO., LTD.	-20.71x	-	-	-	4B
HEILONGJIANG AGRICULTURE COMPANY LIMITED	19.38x	-	-	3.63%	3.66B
Average	-20.05x	1.32x	19.89x	2%	9.5B
Weighted average by Cap.	-75.41x	1.67x	27.40x	1.11%