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Borregaard ASA (BRG) Fair Value & Analysis

Basic Materials · NO · Market cap 14.2B NOK

BA Borregaard ASA BRG · OL
Pricekr 144.20
Fair Valuekr 95.67
Upside-33.7%
Quality95/100
Evidence: High Range kr 54.01 – kr 132.22

Fair value as of: Jun 24, 2026

From 24 valuation models · updated 5 days ago

Share price +4.2% over the past month.

Price vs Fair Value (12 months)

kr 199.37 kr 134.12 Fair Value kr 95.67 Jun 2025 Jun 2026

12‑month range kr 134.12 – kr 199.37 · fair‑value band kr 54.01 – kr 132.22 · the kr 144.20 price screens above the kr 95.67 fair value. As of Jun 24, 2026.

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Analysis

Borregaard ASA (BRG) currently trades at kr 144.20, while our model-based Fair Value estimate is kr 95.67 — implying the stock looks roughly 33.7% overvalued today. We read business quality at 95/100 (high quality), in the Basic Materials sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium — the entry price still matters most (evidence: high).

Over the trailing twelve months, Borregaard ASA generated revenue of 7.7B NOK at a net margin of 7.2%. Revenue declined 1.5% year over year. It earns a return on equity of 8.8%. Net debt stands at 2.1B NOK. Fundamentals as of Jun 24, 2026

Key figures & financial health

Revenue (TTM) 7.7B NOK
Revenue growth (YoY) -1.5%
Net margin 7.2%
Return on equity 8.8%
Free cash flow 563M NOK FY2025
P/E ratio 25.8
More key figures
Operating margin 13.8%
EPS (TTM) kr 5.53
Dividend yield 3.2%
EPS growth (YoY) -27.8%
Net debt 2.1B NOK FY2025

Figures from reported company fundamentals (EODHD) · as of Jun 24, 2026. TTM = trailing twelve months.

About the company

Borregaard ASA engages in the development, production, and marketing of specialized biochemicals and biomaterials in Norway, rest of Europe, Asia, the United States, and internationally. It operates in three segments: BioSolutions, BioMaterials, and Fine Chemicals. The BioSolutions segment develops, produces, and sells biopolymers and biovanillin derived from lignin for agrochemicals, batteries, industrial binders, and construction, as well as to flavor and fragrance companies, and food and beverage industry. Its BioMaterials segment develops, produces, and sells speciality cellulose used as a raw material in the production of cellulose ethers, cellulose acetate, and other specialty products, as well as cellulose fibrils for industrial applications. The Fine Chemicals segment supplies fine chemical intermediates for contrast agents and advanced bioethanol. The company was incorporated in 2012 and is headquartered in Sarpsborg, Norway.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Borregaard ASA reported revenue of kr 7.6B in FY2025 versus kr 5.8B in FY2021, a compound +6.9%/yr. Reported net income was kr 620M in FY2025, compounding −2.7%/yr from FY2021.

Revenue +6.9%/yr
FY21 kr 5.8B
FY22 kr 6.9B
FY23 kr 7.0B
FY24 kr 7.5B
FY25 kr 7.6B
Net income −2.7%/yr
FY21 kr 692M
FY22 kr 892M
FY23 kr 870M
FY24 kr 823M
FY25 kr 620M

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Frequently asked questions

Is Borregaard ASA (BRG) undervalued?
As of Jun 24, 2026, our model estimates a fair value of kr 95.67 versus a price of kr 144.20 — about −34% (overvalued). Model-based estimate, not financial advice.
What is the fair value of BRG?
Our 21-model fair value for Borregaard ASA is kr 95.67 (as of Jun 24, 2026), built from audited fundamentals. The current price is kr 144.20.
What is the quality score of BRG?
Borregaard ASA has a Quality Score of 95/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.
What is the revenue of Borregaard ASA (BRG)?
Borregaard ASA reported trailing-twelve-month revenue of about 7.7B NOK (latest available figure, as of Jun 24, 2026).
What is the net profit margin of BRG?
The net profit margin of Borregaard ASA is about 7.2%, meaning it keeps roughly 7.2% of revenue as net income. Based on the latest reported figures.
Does Borregaard ASA pay a dividend?
Borregaard ASA currently shows a dividend yield of about 3.24% relative to its recent price (as of Jun 24, 2026).

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data — nothing guessed.

Educational research only · not financial advice · no buy/sell recommendation. Model-based estimates are not certainties; their reliability depends on data quality and assumptions.