Last 131.00 NOK
Change Today -3.00 / -2.24%
Volume 48.2K
BAKKA On Other Exchanges
Symbol
Exchange
As of 10:25 AM 09/1/14 All times are local (Market data is delayed by at least 15 minutes).

bakkafrost p/f (BAKKA) Snapshot

Open
134.00 NOK
Previous Close
134.00 NOK
Day High
135.50 NOK
Day Low
131.00 NOK
52 Week High
08/26/14 - 138.50 NOK
52 Week Low
09/6/13 - 73.25 NOK
Market Cap
6.4B
Average Volume 10 Days
114.6K
EPS TTM
11.27 NOK
Shares Outstanding
48.9M
EX-Date
04/7/14
P/E TM
10.6x
Dividend
4.55 NOK
Dividend Yield
3.79%
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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bakkafrost p/f (BAKKA) Key Developments

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 (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.

P/F Bakkafrost Announces Dividend, Payable in Second Quarter of 2014

P/F Bakkafrost announced dividend of DKK 4.50 per share compared to NOK 4.98 last year same period, paid out in second quarter of 2014.

P/F Bakkafrost Reports Consolidated Earnings Results for the First Quarter Ended March 31, 2014

P/F Bakkafrost reported consolidated earnings results for the first quarter ended March 31, 2014. The operating revenues amounted to DKK 631.3 million in the first quarter of 2014 compared to DKK 473.3 million in the first quarter of 2013. The increase is due to improved salmon prices on the spot and the contract market in addition to increased harvested volumes. In addition, the fish oil and feed segment had higher revenue from sale of fishmeal and oil. Operational EBIT was DKK 185.5 million in the first quarter of 2014 compared to DKK 105.0 million in the first quarter of 2013. The increase is mainly due to higher margins in the farming segment because of higher spot prices and an improved result. The result is hampered by the loss in the VAP segment. Earnings before interest and taxes (EBIT) were DKK 135,512,000 against DKK 81,345,000 a year ago. Earnings before taxes (EBT) were DKK 118,000,000 against DKK 82,719,000 a year ago. Profit attributable to owners of the company was DKK 87,180,000 or DKK 1.78 per diluted share against DKK 67,474,000 or DKK 1.38 per diluted share a year ago. The cash flow from operations improved significantly in the first quarter of 2014 compared to first quarter of 2013. The cash flow from operation in the first quarter of 2014 was DKK 108.3 million against DKK 34.1 million a year ago. The Cash flow from operations was positively affected by higher sales prices. The Bakkafrost Group had a net interest bearing debt at the end of the first quarter 2014 amounting to DKK 503.4 million, against DKK 641.6 million at year-end 2013, including deposits and losses on financial derivatives relating to the interest bearing debt. Payments made for purchase of fixed assets was DKK 17,680,000 against DKK 22,261,000 a year ago. ROE was 5.1% against 5.2% a year ago.

 

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Valuation BAKKA Industry Range
Price/Earnings 10.4x
Price/Sales 2.1x
Price/Book 3.4x
Price/Cash Flow 9.0x
TEV/Sales 1.7x
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