Apetit Oyj (APETIT) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of Apetit Oyj stock €22.44, price €12.10, upside +85.5%, quality 56 out of 100. Rating: strongly undervalued. Calculated from audited financials with 24 of our 26 valuation models and 37 quality factors, updated daily.
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 6, 2026.
How to read this chart
60‑month range €7.95 – €14.10 · fair‑value band €14.83 – €29.75 · the €12.10 price screens below the €22.44 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 6, 2026.
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Apetit Oyj manufactures and sells plant-based food products in Finland, Norway, Sweden, and internationally. It operates through two segments, Food Solutions and Oilseed Products.
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The company offers frozen vegetables, food, and pizzas; vegetable oil; fish based products; rapeseed expeller, BlackGrain rapeseed powder, and rapeseed oil; and burgers, nuggets, gratines, and arctic peas. It also manufactures products for private labels.
It serves retail trade, food industry and service, and animal feed industries. Apetit Oyj was founded in 1950 and is based in Säkylä, Finland.
Stock analysis
Apetit Oyj (APETIT) currently trades at €12.10, while our model-based Fair Value estimate is €22.44, implying the stock looks roughly 46% undervalued today.
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Valuation
Bull case: the Multiples group reads highest at a median of €28.03 per share, and 20 of the 24 models we run sit above the €12.10 price.
Bear case: the Asset-Based group reads lowest at €4.18, and 4 of the 24 models stay below the price. Data coverage for this calculation is high.
Scenario range: €14.83 (bear) to €29.75 (bull), the price of €12.10 sits below it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 56/100 (solid quality), in the Consumer Defensive sector.
Weak Growth: Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Apetit Oyj reported revenue of €168M in FY2025 versus €149M in FY2021, a compound +3.0%/yr. Reported net income was €9.0M in FY2025, compounding +39.2%/yr from FY2021. FY2021 was a trough year, so the rate overstates the trend.
Key figures
Market cap €75.5M Micro · P/E ratio 26.9 · P/S ratio 0.45 · EPS (TTM) €0.4500 · Dividend yield 5.8% · Net margin 1.7% · Return on equity 2.8% · Return on assets (EBIT) 5.7% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 30 out of 100 (low confidence).
What moves the price
The share trades about 14% below its 52-week high and 3% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Consumer Defensive peers we cover trades at −1% fair-value upside, at 85%, APETIT screens cheaper than that median.
Fair Value models
Bear€14.83Fair Value €22.44Bull€29.75
Price €12.10 · Upside +85.5%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Coverage ⓘCoverage = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.40/100
Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Revenue growth 1 year
+3.1%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
−2.7%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
−10.6%
Start year 2020 (pandemic). Over 10 years: −7.9% a year
Revenue growth 25 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
−8.5%
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What shareholders gained per year (last 5 years) ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate.
+32.2%
Earnings growth per share plus dividend.
Earnings per share, growth per year+26.4%
Dividend (yield on the price)5.8%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.base effect: 26.4% / 22.3%
Profit margin 2020 to 2025 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.1% → 8%
Pace: the 5-year rate starts in 2020 (pandemic)
⚠ Revenue per share shrinking 8.0%/yr over ~10Y (margin trend unclear) ⓘStructural-decline marker: revenue PER SHARE has fallen over the last decade (robust median trend, not a single year). Backtested across 2005 to 2017, such businesses trailed the market by about 2.5 percentage points per year. Display only: it does not change the fair value or the quality score.
Growth Forecast
A lot of optimism in the price
The price assumes more growth than the company has delivered so far.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
+1.7%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect
n/a
No analyst forecast available.
After inflation (euro area: IMF forecast 2.2% a year to 2030, 2.6% from 2016 to 2025) that is about −0.5% a year for the price.
Price, fair value, quality and upside side by side.
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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Packaged Foods · 625 stocks
Beats the industry median on 8/15 measures
A mixed picture versus its industry peers.
Valuation
Quality Score56 · Above median
Fair Value upside+85.5% · Top 25%
Profitability
Return on equity (12 months)2.8% · Below median
Return on assets6.0% · Above median
Net margin (12 months)1.7% · Below median
Operating margin (12 months)−8.3% · Bottom 25%
Growth and dividend
Revenue growth (quarter YoY)−1.3% · Below median
Dividend yield (12 months)5.8% · Top 25%
Balance sheet
Debt / equity0.01× · Below median
Valuation Multiplesvs Packaged Foods median · lower = cheaper
P/E (12 months)26.9× · Priciest 25%
P/B0.68× · Cheapest 25%
P/S (12 months)0.45× · Cheaper than median
Price / free cash flow (fiscal year)11.1× · Cheaper than median
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Cite: Fair Value Calculator (2026). "Apetit Oyj Fair Value". https://www.fairvalue-calculator.com/stock/APETIT
Frequently asked questions
Is Apetit Oyj (APETIT) overvalued or undervalued?
As of Nov 6, 2026, our model estimates a fair value of €22.44 versus a price of €12.10, about +85% upside (undervalued).
What is the fair value of APETIT?
Our model-based fair value for Apetit Oyj is €22.44 (as of Nov 6, 2026), built from audited fundamentals. The current price: €12.10.
What is the quality score of APETIT?
Apetit Oyj has a Quality Score of 56/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for Apetit Oyj (APETIT)?
Our model-based price target is the fair value of €22.44 (as of Nov 6, 2026) from 24 valuation models. Cautious scenario €14.83, optimistic scenario €29.75. It is a calculation from audited fundamentals, not an analyst target.
What is the Apetit Oyj stock forecast for 2026?
Our models put fair value at €22.44, about +85% upside versus a price of €12.10 (undervalued). Cautious scenario €14.83, optimistic scenario €29.75. The calculation is refreshed regularly with new filings.
What is the revenue of Apetit Oyj (APETIT)?
Apetit Oyj reported trailing-twelve-month revenue of about €170M (latest available figure, as of Nov 6, 2026).
Does Apetit Oyj pay a dividend?
Apetit Oyj currently shows a dividend yield of 5.79% relative to its recent price (as of Nov 6, 2026).
How much is the dividend of Apetit Oyj (APETIT) and when is the ex-dividend date?
Apetit Oyj pays a dividend of €0.7 per share a year, a dividend yield of 5.8%. The last ex-dividend date was Apr 16, 2026. A dividend has been paid every year since at least 1991. The payout ratio is 156% of earnings. Free cash flow covers the dividend 1.55 times. Our assessment: Sustainable. Payout and cash coverage both look sustainable.
What growth is priced into Apetit Oyj (APETIT)?
For today's price to be fair in a discounted-cash-flow model, Apetit Oyj would have to grow free cash flow by +1.7 % per year for five years (discount rate 11.4 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew -10.6 % per year. As of Nov 6, 2026.
What discount rate (WACC) does the fair value of APETIT use?
Our models discount Apetit Oyj at 11.4 %: a base by market capitalisation (micro), damped by beta 0.13, country premium for Finland. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For Apetit Oyj that is +1.7 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (11.4 %) and the same formula as our fair value.
How much growth has Apetit Oyj (APETIT) delivered so far?
Over the past 5 years revenue at Apetit Oyj grew -10.6 % a year. The price currently implies free-cash-flow growth of +1.7 % per year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of Apetit Oyj (APETIT) growing?
The median revenue growth in the sector is +3.6 % a year. That is the yardstick for the growth priced into Apetit Oyj (+1.7 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Apetit Oyj (APETIT)?
The free-cash-flow yield on the price is 9.00 %: that much free cash flow Apetit Oyj produces per unit of market value. When it exceeds the discount rate of our models (11.4 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Apetit Oyj (APETIT)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Apetit Oyj it is €22.44 per share (as of Nov 6, 2026), against a price of €12.10. It is the blended result of 24 valuation models in 8 families (DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings).
Is Apetit Oyj stock overvalued or undervalued in 2026?
As of Nov 6, 2026, APETIT trades below its calculated fair value: price €12.10, fair value €22.44, a gap of about +85% (undervalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of APETIT?
No. The price is what the market pays today (€12.10); the fair value is what the company's own numbers justify (€22.44). For Apetit Oyj the two are €10.34 per share apart. That gap is exactly why we show both numbers side by side.
How much is Apetit Oyj worth?
The market values Apetit Oyj at about €75.5M (market capitalisation, as of Nov 6, 2026). Per share that is €12.10; our models calculate a fair value of €22.44 per share.
What do the bullish and bearish scenarios say about APETIT?
Our models span a range for Apetit Oyj: cautious scenario €14.83, base €22.44, optimistic €29.75 per share (as of Nov 6, 2026, price €12.10). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of APETIT?
Apetit Oyj trades at a price-to-earnings ratio of 26.9 (as of Nov 6, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of €22.44 is built from several models across several years. Median P/E at fiscal year-end, 7 fiscal years (2016 to 2025), reported earnings, FY2025 ex one-offs: 12.3. Other multiples: PEG 3.2, P/B 0.7, P/S 0.4, EV/EBITDA 12.3.
What is the PEG ratio of APETIT?
The PEG ratio of Apetit Oyj is 3.24 (P/E divided by earnings growth, as of Nov 6, 2026). That is above 1, so the growth is already paid for in the price.
How solid is the balance sheet of Apetit Oyj (APETIT)?
Balance-sheet figures for Apetit Oyj (as of Nov 6, 2026): return on equity 2.8%, debt of 0.01 per unit of equity. They feed the Quality Score of 56/100, which measures business quality independently of the share price.
How far is APETIT from its 52-week high?
Apetit Oyj trades at €12.10, about 14% below its 52-week high of €14.10 and 3% above the low of €11.75 (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of €22.44 is for.
Which stocks are comparable to Apetit Oyj?
From the same area (Consumer Defensive) we also value Nestlé S.A, Danone S.A, Foshan Haitian Flavouring and Food Company, The Kraft Heinz Company, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Apetit Oyj stock attractive at the current price?
The data as of Nov 6, 2026: price €12.10, calculated fair value €22.44 (+85%), Quality Score 56/100, from 24 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of APETIT calculated?
We run Apetit Oyj through 24 models from 8 families: DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings. Every model gets the same audited fundamentals; the fair value of €22.44 builds on their evidence-weighted average, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 13.3% above its aggregate fair value. Apetit Oyj currently trades 46% below its own fair value, and the market average says nothing about that. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Apetit Oyj (APETIT)?
The closing price on Nov 6, 2026 was €12.10. Our model-based fair value is €22.44, about +85% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Apetit Oyj right now?
The price is below even our cautious bear case (€14.83). The market is more pessimistic than our downside scenario. Solid quality (56/100) at a price below fair value, the discount is the argument here, not the business quality. A fairly wide model range (€14.83 to €29.75) leaves room in how you read the outcome.
Key figures of Apetit Oyj
How large is the market capitalisation of Apetit Oyj (APETIT)?
The market capitalisation of Apetit Oyj is €75.5M. The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Apetit Oyj (APETIT)?
The price-to-sales ratio of Apetit Oyj is 0.45 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Apetit Oyj (APETIT)?
Earnings per share at Apetit Oyj are €0.4500 (price ÷ EPS = P/E 26.9). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Apetit Oyj (APETIT)?
The dividend yield of Apetit Oyj is 5.8% (payout 156%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Apetit Oyj (APETIT)?
The net margin of Apetit Oyj is 1.7% (last twelve months). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Apetit Oyj (APETIT)?
The return on equity (ROE) of Apetit Oyj is 2.8% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Apetit Oyj (APETIT)?
On an EBIT basis the return on assets of Apetit Oyj is 5.7% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Apetit Oyj (APETIT)?
The operating margin of Apetit Oyj is −8.3% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Apetit Oyj (APETIT)?
Revenue at Apetit Oyj is growing −1.3% versus a year earlier (3y avg −2.7%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Apetit Oyj (APETIT)?
Earnings per share at Apetit Oyj are growing +54.6% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Apetit Oyj (APETIT) carry?
The net debt of Apetit Oyj is €15.6M (fiscal year 2025, ≈ 2.3 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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Broad data
Nov 6, 2026