Projected Income Statement: Bakkafrost

Forecast Balance Sheet: Bakkafrost

Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Net Debt 1 2,126 2,664 3,533 3,000 3,897 4,773 4,252 4,151
Change - 25.31% 32.62% -15.09% 29.9% 22.48% -10.92% -2.38%
Announcement Date 2/22/22 2/21/23 2/20/24 2/17/25 2/9/26 - - -
1DKK in Million
Estimates

Cash Flow Forecast: Bakkafrost

Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
CAPEX 1 1,115 1,236 1,060 1,022 1,135 1,130 1,050 1,068
Change - 10.82% -14.22% -3.59% 11.07% -0.41% -7.11% 1.75%
Free Cash Flow (FCF) 1 12.32 -52.74 -21.12 1,341 -56.5 741 1,116 1,507
Change - -528.27% 59.95% 6,446.55% -104.21% 1,411.62% 50.61% 35.01%
Announcement Date 2/22/22 2/21/23 2/20/24 2/17/25 2/9/26 - - -
1DKK in Million
Estimates

Forecast Financial Ratios: Bakkafrost

Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028

Profitability

        
EBITDA Margin (%) 24.34% 31.45% 30.54% 30.13% 23.88% 31.59% 32.52% 34.08%
EBIT Margin (%) 14.79% 23.92% 21.62% 20.72% 12.67% 20.45% 22.85% 25.34%
EBT Margin (%) 20.48% 23.71% 16.08% 11.39% 9.06% 9.98% 18.21% 20.78%
Net margin (%) 17.36% 18.87% 13.38% 8.78% 7.57% 7.71% 13.58% 15.32%
FCF margin (%) 0.22% -0.74% -0.3% 17.92% -0.81% 9.35% 11.4% 13.73%
FCF / Net Income (%) 1.28% -3.92% -2.21% 204.18% -10.66% 121.26% 83.96% 89.62%

Profitability

        
ROA 6.93% 7.13% - 3.7% - - - -
ROE 10.67% 13.63% 8.99% 5.96% 3.68% 6.46% 11% 12.92%

Financial Health

        
Leverage (Debt/EBITDA) 1.57x 1.19x 1.62x 1.33x 2.33x 1.91x 1.34x 1.11x
Debt / Free cash flow 172.62x -50.51x -167.25x 2.24x -68.98x 6.44x 3.81x 2.75x

Capital Intensity

        
CAPEX / Current Assets (%) 20.08% 17.33% 14.84% 13.66% 16.2% 14.26% 10.73% 9.74%
CAPEX / EBITDA (%) 82.49% 55.1% 48.6% 45.34% 67.85% 45.14% 32.99% 28.57%
CAPEX / FCF (%) 9,054.1% -2,342.92% -5,018.02% 76.23% -2,009.17% 152.55% 94.09% 70.91%

Items per share

        
Cash flow per share 1 19.04 20.34 17.28 39.73 18.19 22.44 30.84 30.91
Change - 6.83% -15.03% 129.89% -54.21% 23.33% 37.48% 0.22%
Dividend per Share 1 5.14 10 8.7 8.44 3.45 7.774 11.85 13.91
Change - 94.55% -13% -2.99% -59.12% 125.34% 52.42% 17.41%
Book Value Per Share 1 158 175.9 183.6 188.2 186.2 193.9 209.7 230.4
Change - 11.3% 4.36% 2.54% -1.07% 4.14% 8.11% 9.88%
EPS 1 16.32 22.75 16.15 10.88 8.83 10.42 22.66 28.48
Change - 39.4% -29.01% -32.63% -18.84% 17.97% 117.5% 25.69%
Nbr of stocks (in thousands) 59,074 59,075 59,206 59,253 59,038 59,223 59,223 59,223
Announcement Date 2/22/22 2/21/23 2/20/24 2/17/25 2/9/26 - - -
1DKK
Estimates
2026 *2027 *
P/E 29.8x 13.7x
PBR 1.6x 1.48x
EV / Sales 2.92x 2.31x
Yield 2.5% 3.81%

EPS & Dividend



Y-o-Y evolution of P/E

 

Year-on-year evolution of the Yield

Trader
Investor
Global
Quality
ESG MSCI
AA
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
9
Last Close Price
310.76DKK
Average target price
335.08DKK
Spread / Average Target
+7.83%

Quarterly revenue - Rate of surprise

  1. Stock Market
  2. Stocks
  3. BAKKA Stock
  4. Financials Bakkafrost