A

Aker Horizons ASA
OSE:AKH

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Aker Horizons ASA
OSE:AKH
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Price: 1.246 NOK -2.04%
Market Cap: 860.2m NOK

Relative Value

The Relative Value of one AKH stock under the Base Case scenario is 13.031 NOK. Compared to the current market price of 1.246 NOK, Aker Horizons ASA is Undervalued by 90%.

Relative Value is the estimated value of a stock based on various valuation multiples like P/E and EV/EBIT ratios. It offers a quick snapshot of a stock's valuation in relation to its peers and historical norms.

AKH Relative Value
Base Case
13.031 NOK
Undervaluation 90%
Relative Value
Price
A
Worst Case
Base Case
Best Case

Valuation Multiples

vs History
51
vs Industry
34
Median 3Y
0.6
Median 5Y
0.4
Industry
1.1
vs History
13
vs Industry
Median 3Y
-0.7
Median 5Y
-3.4
Industry
15.1
vs History
vs Industry
Median 3Y
-2
Median 5Y
-2.5
Industry
8.8
vs History
vs Industry
Median 3Y
-0.9
Median 5Y
-1.3
Industry
14.9
vs History
86
vs Industry
85
Median 3Y
0.9
Median 5Y
0.9
Industry
1.5
vs History
21
vs Industry
5
Median 3Y
3.8
Median 5Y
0.6
Industry
1.4
vs History
19
vs Industry
6
Median 3Y
0
Median 5Y
0
Industry
4
vs History
13
vs Industry
34
Median 3Y
3.6
Median 5Y
-2.2
Industry
8
vs History
vs Industry
Median 3Y
-11.8
Median 5Y
-15.9
Industry
11.5
vs History
vs Industry
Median 3Y
-11.2
Median 5Y
-12.2
Industry
9.6
vs History
vs Industry
Median 3Y
-5.3
Median 5Y
-7.9
Industry
12.6
vs History
76
vs Industry
68
Median 3Y
0.6
Median 5Y
0.6
Industry
1.1

Multiples Across Competitors

AKH Competitors Multiples
Aker Horizons ASA Competitors

Market Cap P/S P/E EV/EBITDA EV/EBIT
NO
Aker Horizons ASA
OSE:AKH
860.2m NOK 0.3 0.8 13.6 -11.7
US
Waste Management Inc
NYSE:WM
91.3B USD 4.1 33.3 17.7 27.3
US
Republic Services Inc
NYSE:RSG
75.1B USD 4.7 36.8 17.4 27
CA
Waste Connections Inc
TSX:WCN
70.4B CAD 5.7 82.2 20.5 34.4
US
Rollins Inc
NYSE:ROL
26.9B USD 7.9 57.6 35.3 41.3
US
Veralto Corp
NYSE:VLTO
22.7B USD 4.4 27.2 18.8 20
CA
GFL Environmental Inc
TSX:GFL
26.6B CAD 3.4 -33.1 17.7 78.4
US
Clean Harbors Inc
NYSE:CLH
11.4B USD 1.9 28.4 12.5 20
UK
Rentokil Initial PLC
LSE:RTO
8.7B GBP 1.6 28.3 8.8 14.7
US
Tetra Tech Inc
NASDAQ:TTEK
8.4B USD 1.9 32.6 15 17
US
Stericycle Inc
NASDAQ:SRCL
8B USD 3.1 221.4 21.5 42.4
P/E Multiple
Earnings Growth PEG
NO
A
Aker Horizons ASA
OSE:AKH
Average P/E: 54.9
0.8
N/A N/A
US
Waste Management Inc
NYSE:WM
33.3
13%
2.6
US
Republic Services Inc
NYSE:RSG
36.8
9%
4.1
CA
Waste Connections Inc
TSX:WCN
82.2
43%
1.9
US
Rollins Inc
NYSE:ROL
57.6
14%
4.1
US
Veralto Corp
NYSE:VLTO
27.2
10%
2.7
CA
GFL Environmental Inc
TSX:GFL
Negative Multiple: -33.1 N/A N/A
US
Clean Harbors Inc
NYSE:CLH
28.4
14%
2
UK
Rentokil Initial PLC
LSE:RTO
28.3
-24%
N/A
US
Tetra Tech Inc
NASDAQ:TTEK
32.6
14%
2.3
US
Stericycle Inc
NASDAQ:SRCL
221.4
N/A N/A
EV/EBITDA Multiple
EBITDA Growth EV/EBITDA to Growth
NO
A
Aker Horizons ASA
OSE:AKH
Average EV/EBITDA: 18.1
13.6
N/A N/A
US
Waste Management Inc
NYSE:WM
17.7
12%
1.5
US
Republic Services Inc
NYSE:RSG
17.4
7%
2.5
CA
Waste Connections Inc
TSX:WCN
20.5
10%
2
US
Rollins Inc
NYSE:ROL
35.3
11%
3.2
US
Veralto Corp
NYSE:VLTO
18.8
7%
2.7
CA
GFL Environmental Inc
TSX:GFL
17.7
5%
3.5
US
Clean Harbors Inc
NYSE:CLH
12.5
10%
1.3
UK
Rentokil Initial PLC
LSE:RTO
8.8
5%
1.8
US
Tetra Tech Inc
NASDAQ:TTEK
15
7%
2.1
US
Stericycle Inc
NASDAQ:SRCL
21.5
9%
2.4
EV/EBIT Multiple
EBIT Growth EV/EBIT to Growth
NO
A
Aker Horizons ASA
OSE:AKH
Average EV/EBIT: 32.3
Negative Multiple: -11.7
N/A N/A
US
Waste Management Inc
NYSE:WM
27.3
13%
2.1
US
Republic Services Inc
NYSE:RSG
27
7%
3.9
CA
Waste Connections Inc
TSX:WCN
34.4
13%
2.6
US
Rollins Inc
NYSE:ROL
41.3
13%
3.2
US
Veralto Corp
NYSE:VLTO
20
8%
2.5
CA
GFL Environmental Inc
TSX:GFL
78.4
36%
2.2
US
Clean Harbors Inc
NYSE:CLH
20
11%
1.8
UK
Rentokil Initial PLC
LSE:RTO
14.7
14%
1
US
Tetra Tech Inc
NASDAQ:TTEK
17
10%
1.7
US
Stericycle Inc
NASDAQ:SRCL
42.4
22%
1.9