Equinor ASA (NYSE:EQNR)

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Price: 25.13 USD 0.16%

Market Cap: 69.6B USD

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Section:

Relative Value

The Relative Value of one EQNR stock under the Base Case scenario is 30.2 USD. Compared to the current market price of 25.13 USD, Equinor ASA is Undervalued by 17%.

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

0.7

P/S

vs History	80
vs Industry	61

Median 5Y

0.8

Industry

1.3

Forward

0.7

More Details

7.6

P/E

vs History	34
vs Industry	29

Median 5Y

5.8

Industry

9.2

Forward

7.7

More Details

3.9

P/OCF

vs History	26
vs Industry	32

Median 5Y

3.4

Industry

4.5

More Details

29.9

P/FCFE

vs History	7
vs Industry	15

Median 5Y

6.9

Industry

10.8

More Details

1.7

P/B

vs History	52
vs Industry	29

Median 5Y

1.7

Industry

1.2

More Details

0.6

EV/S

vs History	82
vs Industry	70

Median 5Y

0.8

Industry

1.7

Forward

0.6

More Details

1.2

EV/GP

vs History	76
vs Industry	76

Median 5Y

1.4

Industry

4.2

More Details

1.5

EV/EBITDA

vs History	73
vs Industry	52

Median 5Y

1.7

Industry

5.7

Forward

1.6

More Details

EV/EBIT

vs History	68
vs Industry	48

Median 5Y

2.3

Industry

Forward

More Details

3.4

EV/OCF

vs History	46
vs Industry	45

Median 5Y

3.4

Industry

More Details

8.6

EV/FCFF

vs History	42
vs Industry	29

Median 5Y

7.2

Industry

10.6

More Details

0.7

EV/IC

vs History	61
vs Industry	54

Median 5Y

0.8

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	73B USD	0.7	7.6	1.5	2
SA		Saudi Arabian Oil Co SAU:2222	6.7T SAR	3.6	15.4	7.1	7.9
US		Exxon Mobil Corp NYSE:XOM	500.2B USD	1.5	14.6	7.5	11.3
US		Chevron Corp NYSE:CVX	259B USD	1.3	13.9	6.7	12.1
UK	S	Shell PLC NYSE:SHEL	213.3B USD	0.7	11.6	3.5	6.3
NL	R	Royal Dutch Shell PLC OTC:RYDAF	210.9B USD	0.7	11.5	3.5	6.3
CN		PetroChina Co Ltd SSE:601857	1.4T CNY	0.5	8.8	5.5	5.5
FR	T	TotalEnergies SE NYSE:TTE	156.9B USD	0.7	7.5	3.6	5.1
CN		China Petroleum & Chemical Corp SSE:600028	753.6B CNY	0.2	12.3	11.6	11.6
UK		BP PLC NYSE:BP	89.2B USD	0.4	12.1	2.9	5.2
BR		Petroleo Brasileiro SA Petrobras BOVESPA:PETR4	481.7B BRL	1	6.1	2.8	3.8

				Revenue Growth
NO		Equinor ASA NYSE:EQNR	Average P/S: 1 0.7	-16%
SA		Saudi Arabian Oil Co SAU:2222	3.6	-3%
US		Exxon Mobil Corp NYSE:XOM	1.5	1%
US		Chevron Corp NYSE:CVX	1.3	0%
UK	S	Shell PLC NYSE:SHEL	0.7	6%
NL	R	Royal Dutch Shell PLC OTC:RYDAF	0.7	6%
CN		PetroChina Co Ltd SSE:601857	0.5	7%
FR	T	TotalEnergies SE NYSE:TTE	0.7	4%
CN		China Petroleum & Chemical Corp SSE:600028	0.2	4%
UK		BP PLC NYSE:BP	0.4	1%
BR		Petroleo Brasileiro SA Petrobras BOVESPA:PETR4	1	7%

				Earnings Growth
NO		Equinor ASA NYSE:EQNR	Average P/E: 11 7.6	-19%
SA		Saudi Arabian Oil Co SAU:2222	15.4	0%
US		Exxon Mobil Corp NYSE:XOM	14.6	22%
US		Chevron Corp NYSE:CVX	13.9	21%
UK	S	Shell PLC NYSE:SHEL	11.6	40%
NL	R	Royal Dutch Shell PLC OTC:RYDAF	11.5	40%
CN		PetroChina Co Ltd SSE:601857	8.8	14%
FR	T	TotalEnergies SE NYSE:TTE	7.5	2%
CN		China Petroleum & Chemical Corp SSE:600028	12.3	2%
UK		BP PLC NYSE:BP	12.1	-5%
BR		Petroleo Brasileiro SA Petrobras BOVESPA:PETR4	6.1	1%

				EBITDA Growth
NO		Equinor ASA NYSE:EQNR	Average EV/EBITDA: 5.1 1.5	-19%
SA		Saudi Arabian Oil Co SAU:2222	7.1	2%
US		Exxon Mobil Corp NYSE:XOM	7.5	25%
US		Chevron Corp NYSE:CVX	6.7	37%
UK	S	Shell PLC NYSE:SHEL	3.5	-9%
NL	R	Royal Dutch Shell PLC OTC:RYDAF	3.5	-9%
CN		PetroChina Co Ltd SSE:601857	5.5	84%
FR	T	TotalEnergies SE NYSE:TTE	3.6	-5%
CN		China Petroleum & Chemical Corp SSE:600028	11.6	177%
UK		BP PLC NYSE:BP	2.9	-7%
BR		Petroleo Brasileiro SA Petrobras BOVESPA:PETR4	2.8	10%

				EBIT Growth
NO		Equinor ASA NYSE:EQNR	Average EV/EBIT: 7 2	-23%
SA		Saudi Arabian Oil Co SAU:2222	7.9	2%
US		Exxon Mobil Corp NYSE:XOM	11.3	17%
US		Chevron Corp NYSE:CVX	12.1	42%
UK	S	Shell PLC NYSE:SHEL	6.3	-5%
NL	R	Royal Dutch Shell PLC OTC:RYDAF	6.3	-5%
CN		PetroChina Co Ltd SSE:601857	5.5	1%
FR	T	TotalEnergies SE NYSE:TTE	5.1	-11%
CN		China Petroleum & Chemical Corp SSE:600028	11.6	29%
UK		BP PLC NYSE:BP	5.2	-12%
BR		Petroleo Brasileiro SA Petrobras BOVESPA:PETR4	3.8	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	24.46 34.73
Price Target

Equinor ASA NYSE:EQNR

Relative Value

Valuation Multiples

Multiples Across Competitors

EQNR Competitors Multiples Equinor ASA Competitors

See Also

Company

Help

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Equinor ASA
NYSE:EQNR

EQNR Competitors Multiples
Equinor ASA Competitors