Data sourced from SEC EDGAR filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.
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Data sourced from SEC EDGAR filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.
P/F Bakkafrost is a leading Faroese salmon farming company headquartered in Glyvrar on the island of Eysturoy in the Faroe Islands. Founded in 1968 by the Jacobsen brothers, it has grown into the largest fish farming company in the Faroe Islands and the third-largest salmon producer worldwide, serving as the biggest private employer in the region. The company operates across three key segments: Farming in the Faroe Islands and Scotland, Value-Added Products for retail portions, and Fishmeal, Oil & Feed production, primarily for internal use to ensure salmon quality. Highly vertically integrated, P/F Bakkafrost controls the entire value chain from roe and sustainable feed sourcing to processing, smoking, shipping via its own fleet including wellboats and cargo aircraft, and global distribution to Europe, North America, and Asia. Notable facilities include the world's largest hatchery on Borðoy and advanced slaughterhouses. Committed to sustainability, it holds ASC certification, emphasizes fish welfare, and uses by-products in feed to minimize environmental impact, producing nutritious salmon rich in omega-3s and supporting global food security.
NOK 395.40
NOK 5.80 (-1.45%)
EOD Jul 1, 2026
12.01% operating margin is respectable but not wide. ROIC at 4.47%. Suggests the business covers its cost of capital, but doesn't point to a wide moat.
Revenue declined 4.5% YoY. The question is whether this is cyclical or a structural shift.
Free cash flow declined 104% versus the prior year, cash generation momentum has weakened. Negative free cash flow of -DKK 56M. The business is consuming cash, not generating it.
18.4x earnings. Valuation is in a reasonable range. The main question is whether the business can re-accelerate or if current trajectory is already priced in.
Based on TTM earnings · Diluted shares
Profitability & Returns
Revenue (TTM)
DKK 7.22B
▼ -4.5% YoY
Net Income (TTM)
DKK 836M
▼ -18.8% YoY
Op. Margin
17.56%
▼ -0.9pp YoY
ROIC
4.47%
▼ -0.3pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
-DKK 112M
▼ -104.3% YoY
Op. Cash Flow (TTM)
DKK 685M
▼ -62.7% YoY
Net Debt
DKK 4.74B
Cash & Equiv.
DKK 300M
3Y CAGR: -0.6%
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At a P/E of 18.4, P/F Bakkafrost (BAKKA.XOSL)'s valuation is best read against its own history, its peers, and the growth its price implies. A high multiple is not the same as overvalued: fast-growing, high-quality businesses can deserve a premium. See the general approach in how to tell if a stock is overvalued.
On quality, P/F Bakkafrost scores 9/100 on Intrinsiqq's quality scorecard (a lower-quality business on these measures), weighing growth, margins, returns on capital, share count, and balance-sheet strength. It currently yields about 3.2%; see dividend safety for coverage and history. All figures are computed from SEC filings; read the full methodology. This is analysis, not investment advice.
P/F Bakkafrost scores 9 out of 100 on Intrinsiqq's quality score, a weighted blend of 7 metrics each scored 0 to 100, which makes it a lower-quality business on these measures. Recent fundamentals include a 17.6% operating margin and a 4.5% return on invested capital. The score weighs revenue and free-cash-flow growth, operating margins, return on invested capital, share-count change, and balance-sheet strength, all computed from SEC filings, not opinion. Because valuation only means something relative to quality, the full metric-by-metric breakdown is on the quality scorecard.
Yes, P/F Bakkafrost pays a regular dividend of about DKK 8.44 per share per year (typically in quarterly installments), a yield of roughly 3.2% at the current price. That is a payout ratio of about 59.9% of earnings, so the dividend is well covered. P/F Bakkafrost has grown the dividend at roughly 23.4% a year over the past few years. A low headline yield is not the same as a weak dividend: what matters is how well earnings and free cash flow cover the payout and whether it is growing, not the percentage alone. For BAKKA.XOSL's full payout history, growth streak and dividend-safety score, see the dividends tab.
That depends on valuation and quality together, not either alone. you should weigh BAKKA.XOSL's valuation and scores 9/100 on quality (lower-quality). It also yields about 3.2%. A cheap price is only a bargain if the business is durable, and a premium can be justified by genuine quality, so the two questions, "is it cheap?" and "is it good?", only make sense side by side. Read the valuation against the quality scorecard, run the DCF on your own assumptions, and decide for yourself. This is analysis from SEC filings, not investment advice.