Equinor ASA (NYSE:EQNR)

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Price: 22.66 USD -0.79%

Market Cap: 62.8B USD

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Section:

Relative Value

The Relative Value of one EQNR stock under the Base Case scenario is 29.72 USD. Compared to the current market price of 22.66 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	87
vs Industry	61

Median 5Y

0.8

Industry

1.3

Forward

0.7

More Details

P/E

vs History	41
vs Industry	27

Median 5Y

Industry

9.5

Forward

7.3

More Details

3.6

P/OCF

vs History	41
vs Industry	32

Median 5Y

3.5

Industry

4.6

More Details

27.3

P/FCFE

vs History	11
vs Industry	14

Median 5Y

6.9

Industry

10.7

More Details

1.6

P/B

vs History	61
vs Industry	29

Median 5Y

1.7

Industry

1.2

More Details

0.6

EV/S

vs History	90
vs Industry	69

Median 5Y

0.8

Industry

1.8

Forward

0.6

More Details

1.1

EV/GP

vs History	79
vs Industry	74

Median 5Y

1.4

Industry

4.3

More Details

1.3

EV/EBITDA

vs History	74
vs Industry	51

Median 5Y

1.7

Industry

5.6

Forward

1.5

More Details

1.8

EV/EBIT

vs History	73
vs Industry	47

Median 5Y

2.1

Industry

7.9

Forward

1.9

More Details

3.2

EV/OCF

vs History	63
vs Industry	44

Median 5Y

3.4

Industry

More Details

7.9

EV/FCFF

vs History	46
vs Industry	29

Median 5Y

7.1

Industry

10.4

More Details

0.6

EV/IC

vs History	85
vs Industry	52

Median 5Y

0.7

Industry

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	736.1B USD	0.6	7	1.3	1.8
SA		Saudi Arabian Oil Co SAU:2222	6.7T SAR	3.6	15.4	7.1	7.9
US		Exxon Mobil Corp NYSE:XOM	526.3B USD	1.6	15.7	7.8	12.1
US		Chevron Corp NYSE:CVX	285.4B USD	1.4	15.2	7.3	13.2
UK		Shell PLC LSE:SHEL	162.2B GBP	0.7	13.5	44.1	83.5
NL	R	Royal Dutch Shell PLC OTC:RYDAF	207.1B USD	0.7	13.2	3.6	6.8
CN		PetroChina Co Ltd SSE:601857	1.3T CNY	0.4	8.1	5.1	5.1
FR		TotalEnergies SE PAR:TTE	131.3B EUR	0.7	6.8	3.3	4.7
CN		China Petroleum & Chemical Corp SSE:600028	770.6B CNY	0.2	12.6	11.8	11.8
UK		BP PLC LSE:BP	62.2B GBP	0.4	10.9	63	110.7
BR		Petroleo Brasileiro SA Petrobras BOVESPA:PETR4	461.4B BRL	0.9	5.9	2.7	3.7

				Revenue Growth
NO		Equinor ASA NYSE:EQNR	Average P/S: 1 0.6	-13%
SA		Saudi Arabian Oil Co SAU:2222	3.6	-6%
US		Exxon Mobil Corp NYSE:XOM	1.6	4%
US		Chevron Corp NYSE:CVX	1.4	2%
UK		Shell PLC LSE:SHEL	0.7	-2%
NL	R	Royal Dutch Shell PLC OTC:RYDAF	0.7	-2%
CN		PetroChina Co Ltd SSE:601857	0.4	5%
FR		TotalEnergies SE PAR:TTE	0.7	-2%
CN		China Petroleum & Chemical Corp SSE:600028	0.2	3%
UK		BP PLC LSE:BP	0.4	-2%
BR		Petroleo Brasileiro SA Petrobras BOVESPA:PETR4	0.9	1%

				Earnings Growth
NO		Equinor ASA NYSE:EQNR	Average P/E: 11.3 7	-26%
SA		Saudi Arabian Oil Co SAU:2222	15.4	-5%
US		Exxon Mobil Corp NYSE:XOM	15.7	19%
US		Chevron Corp NYSE:CVX	15.2	13%
UK		Shell PLC LSE:SHEL	13.5	30%
NL	R	Royal Dutch Shell PLC OTC:RYDAF	13.2	30%
CN		PetroChina Co Ltd SSE:601857	8.1	10%
FR		TotalEnergies SE PAR:TTE	6.8	-8%
CN		China Petroleum & Chemical Corp SSE:600028	12.6	-2%
UK		BP PLC LSE:BP	10.9	-19%
BR		Petroleo Brasileiro SA Petrobras BOVESPA:PETR4	5.9	-7%

				EBITDA Growth
NO		Equinor ASA NYSE:EQNR	Average EV/EBITDA: 14.3 1.3	-22%
SA		Saudi Arabian Oil Co SAU:2222	7.1	-3%
US		Exxon Mobil Corp NYSE:XOM	7.8	23%
US		Chevron Corp NYSE:CVX	7.3	33%
UK		Shell PLC LSE:SHEL	44.1	-16%
NL	R	Royal Dutch Shell PLC OTC:RYDAF	3.6	-16%
CN		PetroChina Co Ltd SSE:601857	5.1	79%
FR		TotalEnergies SE PAR:TTE	3.3	-12%
CN		China Petroleum & Chemical Corp SSE:600028	11.8	167%
UK		BP PLC LSE:BP	63	-14%
BR		Petroleo Brasileiro SA Petrobras BOVESPA:PETR4	2.7	4%

				EBIT Growth
NO		Equinor ASA NYSE:EQNR	Average EV/EBIT: 23.8 1.8	-26%
SA		Saudi Arabian Oil Co SAU:2222	7.9	-1%
US		Exxon Mobil Corp NYSE:XOM	12.1	13%
US		Chevron Corp NYSE:CVX	13.2	33%
UK		Shell PLC LSE:SHEL	83.5	-8%
NL	R	Royal Dutch Shell PLC OTC:RYDAF	6.8	-8%
CN		PetroChina Co Ltd SSE:601857	5.1	-1%
FR		TotalEnergies SE PAR:TTE	4.7	-16%
CN		China Petroleum & Chemical Corp SSE:600028	11.8	25%
UK		BP PLC LSE:BP	110.7	-19%
BR		Petroleo Brasileiro SA Petrobras BOVESPA:PETR4	3.7	2%

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Equinor ASA
NYSE:EQNR

Relative Value

Valuation Multiples

Multiples Across Competitors

EQNR Competitors Multiples
Equinor ASA Competitors

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Company

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52 Week Range	22.46 33.48
Price Target

Equinor ASA NYSE:EQNR

Relative Value

Valuation Multiples

Multiples Across Competitors

EQNR Competitors Multiples Equinor ASA Competitors

See Also

Company

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Equinor ASA
NYSE:EQNR

EQNR Competitors Multiples
Equinor ASA Competitors