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Masoval AS
OSE:MAS

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Masoval AS
OSE:MAS
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Price: 33.1 NOK -0.6% Market Closed
Market Cap: kr4.1B

P/FCFE

25.3
Current
15%
More Expensive
vs 3-y average of 22

Price to Free Cash Flow to Equity (P/FCFE) ratio compares a company`s market value to the free cash flow available to its shareholders. It`s similar to the P/OCF ratio but more precise, since it accounts for capital expenditures deducted from operating cash flow.

P/FCFE
25.3
=
Market Cap
kr2.8B
/
Free Cash Flow to Equity
kr160.1m

Price to Free Cash Flow to Equity (P/FCFE) ratio compares a company`s market value to the free cash flow available to its shareholders. It`s similar to the P/OCF ratio but more precise, since it accounts for capital expenditures deducted from operating cash flow.

P/FCFE
25.3
=
Market Cap
kr2.8B
/
Free Cash Flow to Equity
kr160.1m

Valuation Scenarios

Masoval AS is trading above its 3-year average

If P/FCFE returns to its 3-Year Average (22), the stock would be worth kr28.74 (13% downside from current price).

Statistics
Positive Scenarios
1/4
Maximum Downside
-41%
Maximum Upside
+61%
Average Downside
3%
Scenario P/FCFE Value Implied Price Upside/Downside
Current Multiple 25.3 kr33.1
0%
3-Year Average 22 kr28.74
-13%
5-Year Average 14.9 kr19.52
-41%
Industry Average 40.7 kr53.14
+61%
Country Average 20.6 kr26.92
-19%

Forward P/FCFE
Today’s price vs future free cash flow to equity

Not enough data available to calculate forward P/FCFE

Peer Comparison

All Multiples
P/FCFE
P/E
All Countries
Close
Market Cap P/FCFE P/E
NO
Masoval AS
OSE:MAS
4.1B NOK 25.3 -51.8
JP
Goyo Foods Industry Co Ltd
TSE:2230
53.2T JPY -621 880.5 540 752.8
CH
Nestle SA
SIX:NESN
203.3B CHF 28.5 22.5
US
Mondelez International Inc
NASDAQ:MDLZ
78.7B USD 15.9 32.1
FR
Danone SA
PAR:BN
42.7B EUR 15.3 23.5
ZA
Tiger Brands Ltd
JSE:TBS
47.6B ZAR 347.5 12.5
US
Hershey Co
NYSE:HSY
37B USD 19.6 41.9
CN
Muyuan Foods Co Ltd
SZSE:002714
244.2B CNY -46.5 25
ZA
Avi Ltd
JSE:AVI
33.1B ZAR 16.6 12.8
CN
Foshan Haitian Flavouring and Food Co Ltd
SSE:603288
225.7B CNY 35.9 32.1
CH
Chocoladefabriken Lindt & Spruengli AG
SIX:LISN
23.2B CHF 198.9 31.9

Market Distribution

In line with most companies in Norway
Percentile
63nd
Based on 416 companies
63nd percentile
25.3
Low
0.7 — 10.2
Typical Range
10.2 — 30.1
High
30.1 —
Distribution Statistics
Norway
Min 0.7
30th Percentile 10.2
Median 20.6
70th Percentile 30.1
Max 799.2

Masoval AS
Glance View

Market Cap
4.1B NOK
Industry
Food Products

Måsøval AS operates as a seafood company which engages in fish farming. The firm is a producer and marketer of salmon. The Group's fish farming operations are located in Central Norway with a focus on the area around Froya, Nordmore and Sunnmore. The Group operates two fully owned smolt production facilities. In addition to inhouse production of smolt, Masoval sources smolt from third party suppliers. The firm's operations are based on farming, sale of salmon and juvenile !sh. Sales are made through external sales companies. Other income is mainly related to aquaculture services. All of the business activities are included under one operating segment.

MAS Intrinsic Value
35.94 NOK
Undervaluation 8%
Intrinsic Value
Price kr33.1
M
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