Arendals Fossekompani ASA

OB:AFK Stock Report

Market Cap: NOK 10.1b

Arendals Fossekompani Valuation

Is AFK undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

1/6

Valuation Score 1/6

  • Below Future Cash Flow Value

  • Significantly Below Future Cash Flow Value

  • Price-To-Sales vs Peers

  • Price-To-Sales vs Industry

  • Price-To-Sales vs Fair Ratio

  • Analyst Forecast

Share Price vs Future Cash Flow Value

What is the Fair Price of AFK when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Ultimate guide to DCF valuation for stock investing

Learn how to determine fair value like the best investors in the world.

Below Future Cash Flow Value: AFK (NOK176.5) is trading above our estimate of future cash flow value (NOK49.09)

Significantly Below Future Cash Flow Value: AFK is trading above our estimate of future cash flow value.


Key Valuation Metric

Which metric is best to use when looking at relative valuation for AFK?

Key metric: As AFK is unprofitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for AFK. This is calculated by dividing AFK's market cap by their current revenue.
What is AFK's PS Ratio?
PS Ratio2.7x
SalesNOK 3.66b
Market CapNOK 10.06b

Price to Sales Ratio vs Peers

How does AFK's PS Ratio compare to its peers?

The above table shows the PS ratio for AFK vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average1.7x
BONHR Bonheur
0.8x-0.74%NOK 9.5b
AKER Aker
4.6xn/aNOK 83.1b
SNTIA Sentia
0.6x4.26%NOK 7.8b
NORCO Norconsult
0.9x2.94%NOK 10.7b
AFK Arendals Fossekompani
2.7xn/aNOK 10.1b

Price-To-Sales vs Peers: AFK is expensive based on its Price-To-Sales Ratio (2.7x) compared to the peer average (1.7x).


Historical Price to Sales Ratio

Historical Price to Sales Ratio compares a stock's price to its sales over time. Higher ratios indicate that investors are willing to pay more for the stock.

Fetching historical data


Price to Sales Ratio vs Industry

How does AFK's PS Ratio compare vs other companies in the European Industrials Industry?

5 CompaniesPrice / SalesEstimated GrowthMarket Cap
AFK 2.7xIndustry Avg. 0.8xNo. of Companies6PS00.81.62.43.24+
5 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Sales vs Industry: AFK is expensive based on its Price-To-Sales Ratio (2.7x) compared to the European Industrials industry average (0.8x).


Price to Sales Ratio vs Fair Ratio

What is AFK's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

AFK PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio2.7x
Fair PS Ration/a

Price-To-Sales vs Fair Ratio: Insufficient data to calculate AFK's Price-To-Sales Fair Ratio for valuation analysis.


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst AFK forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentNOK 176.50
NOK 230.00
+30.31%
12.09%NOK 260.00NOK 193.00n/a3
Jun ’27NOK 178.00
NOK 230.00
+29.21%
12.09%NOK 260.00NOK 193.00n/a3
May ’27NOK 188.50
NOK 232.67
+23.43%
12.34%NOK 260.00NOK 193.00n/a3
Nov ’26NOK 132.00
NOK 170.00
+28.79%
11.76%NOK 190.00NOK 150.00n/a2
Oct ’26NOK 130.50
NOK 170.00
+30.27%
11.76%NOK 190.00NOK 150.00n/a2
Sep ’26NOK 138.50
NOK 170.00
+22.74%
11.76%NOK 190.00NOK 150.00n/a2
Aug ’26NOK 135.50
NOK 170.00
+25.46%
11.76%NOK 190.00NOK 150.00n/a2
Jul ’26NOK 131.50
NOK 170.00
+29.28%
11.76%NOK 190.00NOK 150.00n/a2
Jun ’26NOK 124.00
NOK 170.00
+37.10%
11.76%NOK 190.00NOK 150.00NOK 178.002
May ’26NOK 129.00
NOK 170.00
+31.78%
11.76%NOK 190.00NOK 150.00NOK 188.502
Jul ’25NOK 153.80
NOK 180.00
+17.04%
16.67%NOK 210.00NOK 150.00NOK 131.502
NOK 230
Fair Value
23.3% undervalued intrinsic discount
3
Number of Analysts

Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.


Discover undervalued companies

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/06/19 04:23
End of Day Share Price 2026/06/19 00:00
Earnings2026/03/31
Annual Earnings2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Arendals Fossekompani ASA is covered by 2 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
null nullDanske Bank
Bård RosefPareto Securities