Equinor ASA (OSE:EQNR)

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Price: 255.2 NOK 0.04%

Market Cap: 712.7B NOK

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Section:

Relative Value

The Relative Value of one EQNR stock under the Base Case scenario is 335.22 NOK. Compared to the current market price of 255.2 NOK, 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

1.3

Forward

0.6

More Details

6.7

P/E

vs History	42
vs Industry	27

Median 5Y

Industry

9.6

Forward

6.9

More Details

3.5

P/OCF

vs History	47
vs Industry	32

Median 5Y

3.5

Industry

4.9

More Details

26.5

P/FCFE

vs History	14
vs Industry	14

Median 5Y

6.9

Industry

10.2

More Details

1.5

P/B

vs History	73
vs Industry	29

Median 5Y

1.7

Industry

1.2

More Details

0.5

EV/S

vs History	90
vs Industry	69

Median 5Y

0.8

Industry

1.8

Forward

0.5

More Details

EV/GP

vs History	80
vs Industry	74

Median 5Y

1.4

Industry

4.4

More Details

1.3

EV/EBITDA

vs History	76
vs Industry	51

Median 5Y

1.7

Industry

Forward

1.4

More Details

1.7

EV/EBIT

vs History	73
vs Industry	47

Median 5Y

2.1

Industry

8.5

Forward

1.9

More Details

EV/OCF

vs History	63
vs Industry	44

Median 5Y

3.4

Industry

6.5

More Details

7.5

EV/FCFF

vs History	46
vs Industry	29

Median 5Y

7.1

Industry

10.7

More Details

0.6

EV/IC

vs History	90
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 OSE:EQNR	743.1B NOK	0.6	6.7	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	461.5B USD	1.4	13.8	6.9	10.7
US		Chevron Corp NYSE:CVX	253.4B USD	1.3	15.2	6.9	13
NL	R	Royal Dutch Shell PLC OTC:RYDAF	186.3B USD	0.6	12.2	3.3	6.3
UK		Shell PLC LSE:SHEL	151.4B GBP	0.6	12.1	43.8	82.9
CN		PetroChina Co Ltd SSE:601857	1.4T CNY	0.5	8.3	5.4	5.4
FR		TotalEnergies SE PAR:TTE	117.7B EUR	0.6	7.3	3.2	4.8
CN		China Petroleum & Chemical Corp SSE:600028	776.7B CNY	0.3	15	16.8	16.8
UK		BP PLC LSE:BP	62.7B GBP	0.4	10.6	63	110.5
BR		Petroleo Brasileiro SA Petrobras BOVESPA:PETR4	479.2B BRL	1	5.7	2.7	3.7

				Revenue Growth	P/S to Growth
NO		Equinor ASA OSE: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%	0.6
US		Chevron Corp NYSE:CVX	1.3	2%	0.6
NL	R	Royal Dutch Shell PLC OTC:RYDAF	0.6	-2%	N/A
UK		Shell PLC LSE:SHEL	0.6	-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	0.3	3%	0.1
UK		BP PLC LSE:BP	0.4	-2%	N/A
BR		Petroleo Brasileiro SA Petrobras BOVESPA:PETR4	1	1%	0.8

				Earnings Growth	P/E to Growth
NO		Equinor ASA OSE:EQNR	Average P/E: 11.1 6.7	-25%	N/A
SA		Saudi Arabian Oil Co SAU:2222	15.4	-5%	N/A
US		Exxon Mobil Corp NYSE:XOM	13.8	15%	0.9
US		Chevron Corp NYSE:CVX	15.2	10%	1.6
NL	R	Royal Dutch Shell PLC OTC:RYDAF	12.2	28%	0.4
UK		Shell PLC LSE:SHEL	12.1	28%	0.4
CN		PetroChina Co Ltd SSE:601857	8.3	10%	0.8
FR		TotalEnergies SE PAR:TTE	7.3	-8%	N/A
CN		China Petroleum & Chemical Corp SSE:600028	15	19%	0.8
UK		BP PLC LSE:BP	10.6	-18%	N/A
BR		Petroleo Brasileiro SA Petrobras BOVESPA:PETR4	5.7	-7%	N/A

				EBITDA Growth	EV/EBITDA to Growth
NO		Equinor ASA OSE: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
NL	R	Royal Dutch Shell PLC OTC:RYDAF	3.3	-17%	N/A
UK		Shell PLC LSE:SHEL	43.8	-17%	N/A
CN		PetroChina Co Ltd SSE:601857	5.4	76%	0.1
FR		TotalEnergies SE PAR:TTE	3.2	-12%	N/A
CN		China Petroleum & Chemical Corp SSE:600028	16.8	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 OSE: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	34%	0.4
NL	R	Royal Dutch Shell PLC OTC:RYDAF	6.3	-13%	N/A
UK		Shell PLC LSE:SHEL	82.9	-13%	N/A
CN		PetroChina Co Ltd SSE:601857	5.4	-7%	N/A
FR		TotalEnergies SE PAR:TTE	4.8	-19%	N/A
CN		China Petroleum & Chemical Corp SSE:600028	16.8	16%	1
UK		BP PLC LSE:BP	110.5	-25%	N/A
BR		Petroleo Brasileiro SA Petrobras BOVESPA:PETR4	3.7	1%	4.7

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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
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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

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Equinor ASA
OSE: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	244.2684 334.95
Price Target

Equinor ASA OSE:EQNR

Relative Value

Valuation Multiples

Multiples Across Competitors

EQNR Competitors Multiples Equinor ASA Competitors

See Also

Company

Help

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Equinor ASA
OSE:EQNR

EQNR Competitors Multiples
Equinor ASA Competitors