HOJ Relative Valuation - Horizon Oil Ltd - Alpha Spread

Horizon Oil Ltd
F:HOJ

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Horizon Oil Ltd
F:HOJ
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Price: 0.114 EUR 2.7% Market Closed
Market Cap: 185m EUR
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Relative Value

The Relative Value of one HOJ stock under the Base Case scenario is 0.09 EUR. Compared to the current market price of 0.114 EUR, Horizon Oil Ltd is Overvalued by 21%.

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.

HOJ Relative Value
Base Case
0.09 EUR
Overvaluation 21%
Relative Value
Price
Worst Case
Base Case
Best Case

Valuation Multiples

vs History
0
vs Industry
45
Median 3Y
1.2
Median 5Y
1.1
Industry
1.3
Forward
1.5
vs History
15
vs Industry
38
Median 3Y
4.8
Median 5Y
4.1
Industry
9.3
Forward
0.1
vs History
3
vs Industry
42
Median 3Y
2.4
Median 5Y
2.2
Industry
4.6
vs History
90
vs Industry
33
Median 3Y
3.5
Median 5Y
4.4
Industry
10.9
vs History
0
vs Industry
18
Median 3Y
1.6
Median 5Y
1.1
Industry
1.2
vs History
0
vs Industry
57
Median 3Y
0.9
Median 5Y
0.8
Industry
1.7
Forward
1.3
vs History
0
vs Industry
61
Median 3Y
2.1
Median 5Y
2
Industry
4.3
vs History
15
vs Industry
46
Median 3Y
2.6
Median 5Y
2.3
Industry
5.7
Forward
2
vs History
15
vs Industry
47
Median 3Y
2.6
Median 5Y
2.3
Industry
8.1
Forward
3.2
vs History
1
vs Industry
51
Median 3Y
1.9
Median 5Y
1.6
Industry
6.1
vs History
7
vs Industry
40
Median 3Y
2.8
Median 5Y
2.3
Industry
10.7
vs History
0
vs Industry
27
Median 3Y
0.9
Median 5Y
0.6
Industry
1

Multiples Across Competitors

HOJ Competitors Multiples
Horizon Oil Ltd Competitors

All Multiples
P/S
P/E
EV/EBITDA
EV/EBIT
All Countries
Close
Market Cap P/S P/E EV/EBITDA EV/EBIT
AU
Horizon Oil Ltd
F:HOJ
324.9m EUR 2 8.7 4.8 4.8
US
Conocophillips
NYSE:COP
118.8B USD 2.1 11.2 5.4 8.7
CN
CNOOC Ltd
SSE:600938
759.7B CNY 1.7 5.4 3.1 3.1
US
EOG Resources Inc
NYSE:EOG
68.5B USD 2.8 9.1 4.9 6.9
CA
Canadian Natural Resources Ltd
NYSE:CNQ
69.7B USD 2.6 12.2 5.9 9.7
US
Pioneer Natural Resources Co
LSE:0KIX
46B USD 2.4 9.4 5.4 7.8
US
Hess Corp
NYSE:HES
40.2B USD 3.3 15.2 7.1 10.7
AU
Woodside Energy Group Ltd
NYSE:WDS
31.9B USD 2.5 17.2 4 7.5
US
Diamondback Energy Inc
NASDAQ:FANG
30.1B USD 3.2 8.7 5.3 7.3
US
Continental Resources Inc
F:C5L
25.8B EUR 3.3 8.1 4.7 6.4
US
Devon Energy Corp
NYSE:DVN
24.3B USD 1.6 6.9 3.9 6.2

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