- Bakkafrost’s operating EBIT for the third quarter reached DKK 22 million, falling short of the estimated DKK 86.2 million.
- The company harvested a total of 30,678 metric tons in this quarter.
- Scotland farming operations reported a harvested volume of 5,286 metric tons well above the expected 4,975 metric tons.
- In the Faroe Islands, Bakkafrost’s farming harvest amounted to 25,392 metric tons, surpassing the projected figure of 24,875 metric tons.
- The current market analysis shows 5 buy recommendations, 7 hold recommendations, and no sell recommendations for Bakkafrost’s stock.
A look at Bakkafrost P/F Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 4 | |
| Dividend | 3 | |
| Growth | 3 | |
| Resilience | 3 | |
| Momentum | 3 | |
| OVERALL SMART SCORE | 3.2 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
The long-term outlook for Bakkafrost P/F looks promising based on the Smartkarma Smart Scores. With a solid Value score of 4, the company is considered to be well-positioned in terms of its valuation. Additionally, Bakkafrost P/F has received a respectable score of 3 for both Dividend and Growth, indicating its potential for steady dividends and moderate growth in the future. Furthermore, the company’s scores of 3 for Resilience and Momentum suggest that it has a stable and consistent performance outlook in the market.
Bakkafrost P/F, operating as a fish farm, offers a variety of salmon products through its own processing facilities. The company supplies fresh salmon to various markets including fresh fish markets, smokehouses, processors of ready meals, and offers frozen salmon portions in catering and retail packaging. With its strong overall Smart Scores, Bakkafrost P/F showcases a promising future trajectory within the industry, reinforcing its position as a reputable player in the market.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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