Equinor ASA (NYSE:EQNR)

Watchlist Manager

Watchlist

Price: 22.29 USD 0.18%

Market Cap: 61.8B USD

Have any thoughts about
Equinor ASA?

Write Note

Section:

Relative Value

The Relative Value of one EQNR stock under the Base Case scenario is 29.51 USD. Compared to the current market price of 22.29 USD, Equinor ASA is Undervalued by 24%.

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.

What is Relative Valuation?

How is Relative Value calculated?

EQNR Relative Value

Base Case

Worst Case

Base Case

Best Case

Valuation Multiples

0.6

P/S

vs History	92
vs Industry	61

Median 5Y

0.8

Industry

1.2

Forward

0.6

More Details

6.8

P/E

vs History	42
vs Industry	27

Median 5Y

Industry

9.4

Forward

More Details

3.5

P/OCF

vs History	47
vs Industry	32

Median 5Y

3.5

Industry

4.7

More Details

26.8

P/FCFE

vs History	14
vs Industry	14

Median 5Y

6.9

Industry

9.7

More Details

1.5

P/B

vs History	73
vs Industry	29

Median 5Y

1.7

Industry

1.1

More Details

0.5

EV/S

vs History	90
vs Industry	69

Median 5Y

0.8

Industry

1.7

Forward

0.5

More Details

EV/GP

vs History	80
vs Industry	74

Median 5Y

1.4

Industry

4.3

More Details

1.3

EV/EBITDA

vs History	76
vs Industry	51

Median 5Y

1.7

Industry

5.8

Forward

1.4

More Details

1.7

EV/EBIT

vs History	73
vs Industry	47

Median 5Y

2.1

Industry

8.3

Forward

1.9

More Details

3.1

EV/OCF

vs History	63
vs Industry	44

Median 5Y

3.4

Industry

6.3

More Details

7.6

EV/FCFF

vs History	46
vs Industry	29

Median 5Y

7.1

Industry

10.4

More Details

0.6

EV/IC

vs History	90
vs Industry	52

Median 5Y

0.7

Industry

0.9

More Details

Multiples Across Competitors

All Multiples

P/S

P/E

EV/EBITDA

EV/EBIT

Forward Multiples

			Market Cap	P/S	P/E	EV/EBITDA	EV/EBIT
NO		Equinor ASA NYSE:EQNR	740.9B USD	0.6	6.8	1.3	1.7
SA		Saudi Arabian Oil Co SAU:2222	6.7T SAR	3.6	15.4	7.1	7.9
US		Exxon Mobil Corp NYSE:XOM	465.3B USD	1.4	13.8	6.9	10.7
US		Chevron Corp NYSE:CVX	256.7B USD	1.3	15.4	6.9	13.1
UK		Shell PLC LSE:SHEL	151.4B GBP	0.6	12.2	43.8	82.9
NL	R	Royal Dutch Shell PLC OTC:RYDAF	196.1B USD	0.7	12.5	3.4	6.5
CN		PetroChina Co Ltd SSE:601857	1.4T CNY	0.5	8.3	5.4	5.4
FR		TotalEnergies SE PAR:TTE	118.3B EUR	0.6	7.4	3.3	4.9
CN		China Petroleum & Chemical Corp SSE:600028	776.7B CNY	0.2	15	16.7	16.7
UK		BP PLC LSE:BP	63B GBP	0.4	10.7	63	110.6
BR		Petroleo Brasileiro SA Petrobras BOVESPA:PETR4	474.9B BRL	0.9	5.6	2.7	3.7

				Revenue Growth	P/S to Growth
NO		Equinor ASA NYSE:EQNR	Average P/S: 1 0.6	-13%	N/A
SA		Saudi Arabian Oil Co SAU:2222	3.6	-6%	N/A
US		Exxon Mobil Corp NYSE:XOM	1.4	2%	0.8
US		Chevron Corp NYSE:CVX	1.3	3%	0.5
UK		Shell PLC LSE:SHEL	0.6	-2%	N/A
NL	R	Royal Dutch Shell PLC OTC:RYDAF	0.7	-2%	N/A
CN		PetroChina Co Ltd SSE:601857	0.5	5%	0.1
FR		TotalEnergies SE PAR:TTE	0.6	-2%	N/A
CN		China Petroleum & Chemical Corp SSE:600028	0.2	3%	0.1
UK		BP PLC LSE:BP	0.4	-2%	N/A
BR		Petroleo Brasileiro SA Petrobras BOVESPA:PETR4	0.9	1%	0.8

				Earnings Growth	P/E to Growth
NO		Equinor ASA NYSE:EQNR	Average P/E: 11.2 6.8	-25%	N/A
SA		Saudi Arabian Oil Co SAU:2222	15.4	-5%	N/A
US		Exxon Mobil Corp NYSE:XOM	13.8	16%	0.8
US		Chevron Corp NYSE:CVX	15.4	10%	1.5
UK		Shell PLC LSE:SHEL	12.2	28%	0.4
NL	R	Royal Dutch Shell PLC OTC:RYDAF	12.5	28%	0.5
CN		PetroChina Co Ltd SSE:601857	8.3	10%	0.8
FR		TotalEnergies SE PAR:TTE	7.4	-9%	N/A
CN		China Petroleum & Chemical Corp SSE:600028	15	19%	0.8
UK		BP PLC LSE:BP	10.7	-18%	N/A
BR		Petroleo Brasileiro SA Petrobras BOVESPA:PETR4	5.6	-7%	N/A

				EBITDA Growth	EV/EBITDA to Growth
NO		Equinor ASA NYSE:EQNR	Average EV/EBITDA: 14.6 1.3	-22%	N/A
SA		Saudi Arabian Oil Co SAU:2222	7.1	-3%	N/A
US		Exxon Mobil Corp NYSE:XOM	6.9	22%	0.3
US		Chevron Corp NYSE:CVX	6.9	32%	0.2
UK		Shell PLC LSE:SHEL	43.8	-17%	N/A
NL	R	Royal Dutch Shell PLC OTC:RYDAF	3.4	-17%	N/A
CN		PetroChina Co Ltd SSE:601857	5.4	76%	0.1
FR		TotalEnergies SE PAR:TTE	3.3	-12%	N/A
CN		China Petroleum & Chemical Corp SSE:600028	16.7	165%	0.1
UK		BP PLC LSE:BP	63	-15%	N/A
BR		Petroleo Brasileiro SA Petrobras BOVESPA:PETR4	2.7	5%	0.5

				EBIT Growth	EV/EBIT to Growth
NO		Equinor ASA NYSE:EQNR	Average EV/EBIT: 24 1.7	-27%	N/A
SA		Saudi Arabian Oil Co SAU:2222	7.9	-3%	N/A
US		Exxon Mobil Corp NYSE:XOM	10.7	15%	0.7
US		Chevron Corp NYSE:CVX	13.1	34%	0.4
UK		Shell PLC LSE:SHEL	82.9	-13%	N/A
NL	R	Royal Dutch Shell PLC OTC:RYDAF	6.5	-13%	N/A
CN		PetroChina Co Ltd SSE:601857	5.4	-7%	N/A
FR		TotalEnergies SE PAR:TTE	4.9	-19%	N/A
CN		China Petroleum & Chemical Corp SSE:600028	16.7	16%	1
UK		BP PLC LSE:BP	110.6	-25%	N/A
BR		Petroleo Brasileiro SA Petrobras BOVESPA:PETR4	3.7	1%	4.7

US	Johnson & Johnson NYSE:JNJ	Pharmaceuticals
US	Berkshire Hathaway Inc NYSE:BRK.A	Financial Services
US	Bank of America Corp NYSE:BAC	Banking
US	Mastercard Inc NYSE:MA	Technology
US	UnitedHealth Group Inc NYSE:UNH	Health Care
US	Exxon Mobil Corp NYSE:XOM	Energy
US	Pfizer Inc NYSE:PFE	Pharmaceuticals
US	Palantir Technologies Inc NYSE:PLTR	Technology
US	Nike Inc NYSE:NKE	Textiles, Apparel & Luxury Goods
US	Visa Inc NYSE:V	Technology
CN	Alibaba Group Holding Ltd NYSE:BABA	Retail
US	3M Co NYSE:MMM	Industrial Conglomerates
US	JPMorgan Chase & Co NYSE:JPM	Banking
US	Coca-Cola Co NYSE:KO	Beverages
US	Walmart Inc NYSE:WMT	Retail
US	Verizon Communications Inc NYSE:VZ	Telecommunication

	Franklin Covey Co NYSE:FC	36.41 USD -1.03%
	Mohawk Industries Inc NYSE:MHK	119.16 USD 2%
	Ardmore Shipping Corp NYSE:ASC	11.31 USD 0.18%
	ASGN Inc NYSE:ASGN	83.87 USD -0.97%
	Skyworks Solutions Inc NASDAQ:SWKS	88.75 USD 0.56%
	Weatherford International PLC NASDAQ:WFRD	67.1 USD -2.13%

	Johnson & Johnson NYSE:JNJ	144.47 USD 0.62%
	Bank of America Corp NYSE:BAC	44.17 USD 1.82%
	Mastercard Inc NYSE:MA	528.03 USD 0.91%
	Salesforce Inc NYSE:CRM	343.65 USD 2.21%
	Abbvie Inc NYSE:ABBV	175.58 USD 2.37%
	Home Depot Inc NYSE:HD	392.6 USD 1.97%

	Arista Networks Inc NYSE:ANET	112.81 USD 3.43%
	Visa Inc NYSE:V	317.71 USD 0.9%
	Texas Pacific Land Corp NYSE:TPL	1 133.12 USD 3.36%
	KLA Corp NASDAQ:KLAC	629.37 USD 1.16%
	Manhattan Associates Inc NASDAQ:MANH	280.26 USD -0.81%
	Pinduoduo Inc NASDAQ:PDD	99.51 USD -1.48%

	Salesforce Inc NYSE:CRM	343.65 USD 2.21%
	Accenture PLC NYSE:ACN	366.37 USD -1.56%
	ServiceNow Inc NYSE:NOW	1 091.25 USD 1.52%
	EOG Resources Inc NYSE:EOG	119.04 USD 0.69%
	Copart Inc NASDAQ:CPRT	58.22 USD -0.39%
	Applied Materials Inc NASDAQ:AMAT	163.59 USD 1.33%

Equinor ASA
NYSE:EQNR

Relative Value

Valuation Multiples

Multiples Across Competitors

EQNR Competitors Multiples
Equinor ASA Competitors

See Also

Company

Help

Tools

Stocks

52 Week Range	21.88 32.26
Price Target

Equinor ASA NYSE:EQNR

Relative Value

Valuation Multiples

Multiples Across Competitors

EQNR Competitors Multiples Equinor ASA Competitors

See Also

Company

Help

Tools

Stocks

Equinor ASA
NYSE:EQNR

EQNR Competitors Multiples
Equinor ASA Competitors