-0.76%
2.12%
-1.59%
14.04%
10.17%
6.38%
-0.91%
AI Spotlight on BAKKA
Company Description
P/F Bakkafrost, together with its subsidiaries, produces and sells salmon products under the Bakkafrost and Havsbrún brands in North America, Western Europe, Eastern Europe, Asia, and internationally.It operates through four segments: Farming FO; Farming SCT; Value Added Products; and Fishmeal, Oil and Fish Feed.The company is involved in the breeding and on-growing of salmon; harvesting, sale, and distribution of salmon; salmon farming, harvest, filleting, sales, and administration; and production of skinless and boneless portions of salmon.
It also produces and sells fishmeal, fish oil, and fish feed.The company was founded in 1968 and is headquartered in Glyvrar, Denmark.
Market Data
| Last Price | 650 |
| Change Percentage | -0.76% |
| Open | 649.5 |
| Previous Close | 655 |
| Market Cap ( Millions) | 38538 |
| Volume | 8630 |
| Year High | 698 |
| Year Low | 527 |
| M A 50 | 638.64 |
| M A 200 | 608.04 |
Financial Ratios
| FCF Yield | 4.67% |
| Dividend Yield | 2.11% |
| ROE | 5.23% |
| Debt / Equity | 36.35% |
| Net Debt / EBIDTA | 192.23% |
| Price To Book | 2.3 |
| Price Earnings Ratio | 43.0 |
| Price To FCF | 21.41 |
| Price To sales | 3.23 |
| EV / EBITDA | 17.43 |
News
- Jan -20 - 3 Growth Companies With Strong Insider Confidence
- Dec -12 - Top Growth Companies With Insider Ownership In December 2024
- Nov -13 - 3 Growth Companies Insiders Own With Revenue Growth Up To 24%
- Oct -10 - October 2024's Top Growth Companies With High Insider Stakes
- Aug -27 - 3 High-Growth Companies With Insiders Owning Up To 39%
- Jul -19 - Three High Insider Ownership Growth Companies With Earnings Growth Up To 112%
- Jul -16 - Bakkafrost mulling closure of two Scottish salmon processing facilities
- Jun -17 - Three Growth Companies With High Insider Ownership And 34% Revenue Growth
Business Breakdown
Expected Mid-Term Growth
Segment n°1 -> Sales and Other
Expected Growth : 14 %
What the company do ?
Sales refer to revenue generated from Bakkafrost's core salmon farming and processing activities, while Other includes revenue from secondary activities such as fish oil and fishmeal production.
Why we expect these perspectives ?
Bakkafrost's 14% growth in Sales and Other is driven by increasing demand for sustainable and premium seafood products, coupled with strategic acquisitions and expansion into new markets. Additionally, the company's focus on operational efficiency, cost savings, and investments in value-added products have contributed to the growth.
Segment n°2 -> Fishmeal, Oil and Feed
Expected Growth : 17 %
What the company do ?
Fishmeal, Oil and Feed from P/F Bakkafrost refers to the production of fishmeal, fish oil, and fish feed from fish by-products, providing sustainable and nutritious products for the aquaculture industry.
Why we expect these perspectives ?
Strong demand for salmon, increasing global aquaculture production, and Bakkafrost's efficient operations drive growth in Fishmeal, Oil and Feed segments. The company's vertically integrated business model, high-quality products, and strategic partnerships also contribute to the 17% growth rate.
Segment n°3 -> Services
Expected Growth : 12 %
What the company do ?
P/F Bakkafrost offers a range of services including fish farming, fish processing, and sales of Atlantic salmon and other seafood products to customers worldwide.
Why we expect these perspectives ?
Strong demand for sustainable and locally sourced salmon, increasing market share in key regions, and successful integration of acquired companies drive P/F Bakkafrost's services growth. Additionally, investments in aquaculture technology and efficient farming practices enhance productivity, while a focus on premium products and value-added services contribute to revenue expansion.
Segment n°4 -> Freshwater Faroe Islands
Expected Growth : 15 %
What the company do ?
Freshwater Faroe Islands from P/F Bakkafrost is a sustainable and responsible aquaculture operation producing high-quality Atlantic salmon in the pristine waters of the Faroe Islands.
Why we expect these perspectives ?
Freshwater Faroe Islands from P/F Bakkafrost's 15% growth driven by increasing demand for sustainable seafood, expansion into new markets, and investments in aquaculture technology. Additionally, the company's focus on reducing environmental impact and improving fish welfare contributes to its growth.
Segment n°5 -> Farming Scotland
Expected Growth : 13 %
What the company do ?
Farming Scotland, a subsidiary of P/F Bakkafrost, is a Scottish salmon farming company producing high-quality Atlantic salmon for global markets.
Why we expect these perspectives ?
Farming Scotland's 13% growth, driven by P/F Bakkafrost, is attributed to increasing demand for sustainable seafood, favorable climate conditions, and strategic investments in aquaculture technology. Additionally, the company's focus on disease management, efficient feeding practices, and certifications such as ASC and ISO 14001 contribute to its growth.
Segment n°6 -> Farming Faroe Islands
Expected Growth : 16 %
What the company do ?
Farming Faroe Islands by P/F Bakkafrost is a leading salmon farming company, producing high-quality Atlantic salmon in the pristine waters of the Faroe Islands.
Why we expect these perspectives ?
Farming in Faroe Islands by P/F Bakkafrost is driven by increasing demand for sustainable seafood, favorable climate conditions, and government support for aquaculture. The region's pristine waters and strong fish farming traditions also contribute to the growth. Additionally, Bakkafrost's commitment to innovation, quality, and environmental responsibility further fuels the 16% growth.
P/F Bakkafrost Products
| Product Range | What is it ? |
|---|---|
| Atlantic Salmon | Fresh and frozen Atlantic salmon, harvested from sustainable aquaculture practices, suitable for human consumption. |
| Value-Added Salmon Products | Processed salmon products, including fillets, portions, and other value-added items, tailored to customer specifications. |
| Fishmeal and Fish Oil | High-quality fishmeal and fish oil, derived from sustainable fish sources, suitable for use in animal feed and other industrial applications. |
| Roe and Caviar | High-quality salmon roe and caviar, harvested and processed to meet premium standards, suitable for gourmet and specialty food markets. |
P/F Bakkafrost's Porter Forces
Threat Of Substitutes
The threat of substitutes for P/F Bakkafrost is medium due to the availability of alternative protein sources such as chicken and pork. However, the demand for salmon is high and the company's products are differentiated, reducing the threat of substitutes.
Bargaining Power Of Customers
The bargaining power of customers is low due to the fragmented nature of the market and the lack of large-scale buyers. P/F Bakkafrost has a diverse customer base, which reduces its dependence on individual customers.
Bargaining Power Of Suppliers
The bargaining power of suppliers is medium due to the limited number of suppliers of high-quality fish feed and the importance of these suppliers to P/F Bakkafrost's operations. However, the company's vertical integration and long-term contracts with suppliers reduce its dependence on individual suppliers.
Threat Of New Entrants
The threat of new entrants is low due to the high barriers to entry in the salmon farming industry, including the need for significant capital investment and the requirement for specialized knowledge and expertise.
Intensity Of Rivalry
The intensity of rivalry is high due to the competitive nature of the salmon farming industry and the presence of several large players. P/F Bakkafrost competes with other companies such as Mowi and Lerøy Seafood Group, which increases the intensity of rivalry.
Capital Structure
| Value | |
|---|---|
| Debt Weight | 28.55% |
| Debt Cost | 5.03% |
| Equity Weight | 71.45% |
| Equity Cost | 7.66% |
| WACC | 6.91% |
| Leverage | 39.97% |
P/F Bakkafrost : Quality Control
P/F Bakkafrost passed 4 out of 9 key points:
Historical Valuation
Price/Earnings Ratio
Margin Valuation
Peers Valuation
Competitors
| Company | Rational |
|---|---|
| AEP.L | Anglo-Eastern Plantations Plc, together with its subsidiaries, owns, operates, and develops agriculture plantations in Indonesia and Malaysia. It primarily produces crude palm oil, palm kernels, shell nuts, fresh fruit bunches, … |
| LSG.OL | Lerøy Seafood Group ASA produces, processes, markets, sells, and distributes seafood products worldwide. It operates in three segments: Wildcatch; Farming; and Value-Added Processing, Sales and Distribution. The company offers smoked … |
| BNZL.L | Bunzl plc operates as a distribution and services company in the North America, Continental Europe, the United Kingdom, Ireland, and internationally. The company offers food packaging, films, labels, cleaning and … |
| SALM.OL | SalMar ASA, an aquaculture company, produces and sells farmed salmon in Asia, the United States, Canada, Norway, rest of Europe, and internationally. It is involved in the broodfish, lumpfish, and … |
| MOWI.OL | Mowi ASA, a seafood company, produces and supplies farmed salmon products worldwide. The company operates through three segments: Feed, Farming, and Sales and Marketing. It is involved in the salmon … |
Peers Metrics
DCF BETA
Expected Cash-Flows
Scoring Insights
Peers Group Analysis
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Anglo-Eastern Plantations
A-Score
1-Year Total Return ->
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Bunzl
A-Score
1-Year Total Return ->
🥉
Mowi
A-Score
1-Year Total Return ->
4
Lerøy Seafood
A-Score
1-Year Total Return ->
5
SalMar
A-Score
1-Year Total Return ->
6
