Last 165.00 NOK
Change Today +9.00 / 5.77%
Volume 225.1K
BAKKA On Other Exchanges
Symbol
Exchange
As of 11:25 AM 10/31/14 All times are local (Market data is delayed by at least 15 minutes).

bakkafrost p/f (BAKKA) Snapshot

Open
157.00 NOK
Previous Close
156.00 NOK
Day High
165.00 NOK
Day Low
156.00 NOK
52 Week High
10/31/14 - 165.00 NOK
52 Week Low
11/1/13 - 79.00 NOK
Market Cap
8.1B
Average Volume 10 Days
150.9K
EPS TTM
11.52 NOK
Shares Outstanding
48.9M
EX-Date
04/7/14
P/E TM
12.6x
Dividend
4.37 NOK
Dividend Yield
3.01%
Current Stock Chart for BAKKAFROST P/F (BAKKA)

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bakkafrost p/f (BAKKA) Details

Bakkafrost P/F engages in the production and export of salmon products. It operates through three segments: Farming; Value Adding Products; and Fishmeal, Oil and Feed. The company engages in the breeding and on-growing of salmon, as well as in the slaughtering, sale, and distribution of salmon; and the production and sale of fishmeal, fish oil, and fish feed. It offers whole Atlantic salmons; salmon portions; salmon products for private labels, including standard products and customized products for the retail, catering, and industry sectors; and salmon by-products, such as belly flaps, salmon heads, salmon backbones, salmon off cuts, and salmon skin. The company markets its products in the European Union, the United States, Russia, and the Far East. Bakkafrost P/F was founded in 1968 and is headquartered in Glyvrar, Denmark.

640 Employees
Last Reported Date: 03/14/14
Founded in 1968

bakkafrost p/f (BAKKA) Top Compensated Officers

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Executives, Board Directors

bakkafrost p/f (BAKKA) Key Developments

P/F Bakkafrost Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014

P/F Bakkafrost reported unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2014. For the quarter, the company reported operating revenue of DKK 584,113,000 compared to DKK 741,134,000 a year ago due to lower revenue in the Farming and FOF segments. Operational EBIT was DKK 208,700,000 compared to DKK 186,762,000 a year ago due to higher margins in the VAP and FOF. EBIT was DKK 269,259,000 compared to DKK 241,357,000 a year ago. EBT was DKK 255,178,000 compared to DKK 244,108,000 a year ago. Profit for the year attributable to owners of the company was DKK 211,274,000 or DKK 4.36 per basic and diluted share compared to DKK 199,630,000 or DKK 4.09 per basic and diluted share a year ago. Cash flow from operations was DKK 280,415,000 compared to DKK 130,597,000 a year ago. Payments made for purchase of fixed assets were DKK 48,018,000 compared to DKK 39,060,000 a year ago. The cash flow from operations has been positively affected from reduction in working capital as Bakkafrost has entered into a factoring agreement for some of its sale. ROE was 11.9% compared to 13.5% a year ago. For the nine months, the company reported operating revenue of DKK 1,926,026,000 compared to DKK 1,824,437,000 a year ago. Operational EBIT was DKK 606,317,000 compared to DKK 461,139,000 a year ago. EBIT was DKK 617,144,000 compared to DKK 534,627,000 a year ago. EBT was DKK 585,098,000 compared to DKK 553,409,000 a year ago. Profit for the year attributable to owners of the company was DKK 424,664,000 or DKK 8.76 per basic and diluted share compared to DKK 451,352,000 or DKK 9.24 per basic and diluted share a year ago. Cash flow from operations was DKK 696,548,000 compared to DKK 330,401,000 a year ago. Payments made for purchase of fixed assets were DKK 126,728,000 compared to DKK 101,341,000 a year ago. ROE was 23.9% compared to 31.9% a year ago.

Bakkafrost Announces Resignation of Teitur Samuelsen as CFO

Bakkafrost announced that CFO, Teitur Samuelsen, has notified the company that he resigns from his position. Mr. Samuelsen has decided to pursue a new job opportunity. Mr. Samuelsen has been with Bakkafrost since late 2009. Bakkafrost has agreed with Mr. Samuelsen that he will provide assistance to the company until a new CFO is hired, to ensure a smoothly transition.

P/F Bakkafrost Announces Consolidated Earnings and Operating Results for the Second Quarter and Six Months Ended June 30, 2014

P/F Bakkafrost announced consolidated earnings and operating results for the second quarter and six months ended June 30, 2014. For the second quarter, operating revenue was DKK 710,602,000, operational EBIT was DKK 212,114,000, earnings before interest and taxes (EBIT) was DKK 212,373,000, earnings before taxes (EBT) was DKK 211,920,000 and profit for the year attributable to owners of P/F Bakkafrost was DKK 126,210,000 or DKK 2.60 per diluted share against operating revenue of DKK 610,002,000, operational EBIT of DKK 169,346,000, earnings before interest and taxes (EBIT) of DKK 211,925,000, earnings before taxes (EBT) of DKK 226,582,000 and profit for the year attributable to owners of P/F Bakkafrost was DKK 184,248,000 or DKK 3.77 per diluted share for the same period a year ago. Cash flow from operations was DKK 307,794,000 against DKK 173,111,000 a year ago. Payments made for purchase of fixed assets was DKK 61,030,000 against DKK 40,020,000 a year ago. ROE was 7.4% against 13.7% a year ago. ROCE (for the last quarter) was 9.0% against 7.9% a year ago. The increase in the revenue is mainly due to improved contract prices for VAP products, but the FOF segment also contributed to the increase in the revenue, due to higher sale of fishmeal and oil. The improved operational EBIT margin is due to higher margins in the VAP and FOF segments. For the six months, operating revenue was DKK 1,341,913,000, operational EBIT was DKK 397,617,000, earnings before interest and taxes (EBIT) was DKK 347,885,000, earnings before taxes (EBT) was DKK 329,920,000 and profit for the year attributable to owners of P/F Bakkafrost was DKK 213,390,000 or DKK 4.40 per diluted share against operating revenue of DKK 1,083,303,000, operational EBIT of DKK 274,377,000, earnings before interest and taxes (EBIT) of DKK 293,270,000, earnings before taxes (EBT) of DKK 309,301,000 and profit for the year attributable to owners of P/F Bakkafrost of DKK 251,722,000 or DKK 5.15 per diluted share for the same period a year ago. ROE was 12.8% against 19.0% a year ago. ROCE (for the last quarter) was 17.0% against 13.2% a year ago. The Bakkafrost Group had a net interest bearing debt at the end of the period amounting to DKK 555.0 million compared with DKK 638.6 million at year-end 2013. The total volumes harvested in the second quarter of 2014 were 11,212 tonnes gutted weight (10,540 tgw). The total harvested volumes in the first half of 2014 were 20,481 tonnes gutted weight (18,836 tgw). The reason for the increase in the harvested volumes year on year is that Bakkafrost will harvest higher volumes this year compared to the year before.

 

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Valuation BAKKA Industry Range
Price/Earnings 11.7x
Price/Sales 2.5x
Price/Book 3.5x
Price/Cash Flow 10.1x
TEV/Sales 2.2x
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