Equinor ASA (OSE:EQNR)

Watchlist Manager

Watchlist

Price: 271.1 NOK 2.92%

Market Cap: 741.3B NOK

Have any thoughts about
Equinor ASA?

Write Note

Section:

Relative Value

The Relative Value of one EQNR stock under the Base Case scenario is 336.13 NOK. Compared to the current market price of 271.1 NOK, Equinor ASA is Undervalued by 19%.

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	85
vs Industry	61

Median 5Y

0.8

Industry

1.3

Forward

0.7

More Details

7.4

P/E

vs History	38
vs Industry	27

Median 5Y

Industry

9.5

Forward

7.7

More Details

3.8

P/OCF

vs History	34
vs Industry	32

Median 5Y

3.5

Industry

4.7

More Details

29.1

P/FCFE

vs History	9
vs Industry	14

Median 5Y

6.9

Industry

10.6

More Details

1.6

P/B

vs History	58
vs Industry	29

Median 5Y

1.7

Industry

1.2

More Details

0.6

EV/S

vs History	85
vs Industry	69

Median 5Y

0.8

Industry

1.8

Forward

0.6

More Details

1.1

EV/GP

vs History	76
vs Industry	74

Median 5Y

1.4

Industry

4.4

More Details

1.4

EV/EBITDA

vs History	71
vs Industry	51

Median 5Y

1.7

Industry

5.8

Forward

1.6

More Details

1.9

EV/EBIT

vs History	69
vs Industry	47

Median 5Y

2.1

Industry

8.2

Forward

More Details

3.4

EV/OCF

vs History	60
vs Industry	44

Median 5Y

3.4

Industry

6.2

More Details

8.3

EV/FCFF

vs History	42
vs Industry	29

Median 5Y

7.1

Industry

10.8

More Details

0.7

EV/IC

vs History	80
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	789.4B NOK	0.7	7.4	1.4	1.9
SA		Saudi Arabian Oil Co SAU:2222	6.7T SAR	3.6	15.4	7.1	7.9
US		Exxon Mobil Corp NYSE:XOM	524.4B USD	1.5	15.6	7.7	12
US		Chevron Corp NYSE:CVX	290.1B USD	1.5	17.4	7.8	14.8
UK		Shell PLC LSE:SHEL	162B GBP	0.7	13.1	44	83.3
NL	R	Royal Dutch Shell PLC OTC:RYDAF	199.8B USD	0.7	12.8	3.5	6.6
CN		PetroChina Co Ltd SSE:601857	1.3T CNY	0.4	8	5.2	5.2
FR		TotalEnergies SE PAR:TTE	132.8B EUR	0.7	6.7	3.3	4.6
CN		China Petroleum & Chemical Corp SSE:600028	769.4B CNY	0.2	14.9	16.6	16.6
BR		Petroleo Brasileiro SA Petrobras BOVESPA:PETR4	480.4B BRL	1	5.7	2.7	3.8
UK		BP PLC LSE:BP	63.6B GBP	0.4	10.9	63	110.6

				Revenue Growth
NO		Equinor ASA OSE:EQNR	Average P/S: 1 0.7	-13%
SA		Saudi Arabian Oil Co SAU:2222	3.6	-6%
US		Exxon Mobil Corp NYSE:XOM	1.5	3%
US		Chevron Corp NYSE:CVX	1.5	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%
BR		Petroleo Brasileiro SA Petrobras BOVESPA:PETR4	1	1%
UK		BP PLC LSE:BP	0.4	-2%

				Earnings Growth
NO		Equinor ASA OSE:EQNR	Average P/E: 11.6 7.4	-26%
SA		Saudi Arabian Oil Co SAU:2222	15.4	-5%
US		Exxon Mobil Corp NYSE:XOM	15.6	16%
US		Chevron Corp NYSE:CVX	17.4	12%
UK		Shell PLC LSE:SHEL	13.1	30%
NL	R	Royal Dutch Shell PLC OTC:RYDAF	12.8	30%
CN		PetroChina Co Ltd SSE:601857	8	-3%
FR		TotalEnergies SE PAR:TTE	6.7	-8%
CN		China Petroleum & Chemical Corp SSE:600028	14.9	-2%
BR		Petroleo Brasileiro SA Petrobras BOVESPA:PETR4	5.7	-7%
UK		BP PLC LSE:BP	10.9	-19%

				EBITDA Growth
NO		Equinor ASA OSE:EQNR	Average EV/EBITDA: 14.8 1.4	-22%
SA		Saudi Arabian Oil Co SAU:2222	7.1	-3%
US		Exxon Mobil Corp NYSE:XOM	7.7	23%
US		Chevron Corp NYSE:CVX	7.8	33%
UK		Shell PLC LSE:SHEL	44	-16%
NL	R	Royal Dutch Shell PLC OTC:RYDAF	3.5	-16%
CN		PetroChina Co Ltd SSE:601857	5.2	79%
FR		TotalEnergies SE PAR:TTE	3.3	-12%
CN		China Petroleum & Chemical Corp SSE:600028	16.6	167%
BR		Petroleo Brasileiro SA Petrobras BOVESPA:PETR4	2.7	4%
UK		BP PLC LSE:BP	63	-14%

				EBIT Growth
NO		Equinor ASA OSE:EQNR	Average EV/EBIT: 24.3 1.9	-26%
SA		Saudi Arabian Oil Co SAU:2222	7.9	-1%
US		Exxon Mobil Corp NYSE:XOM	12	13%
US		Chevron Corp NYSE:CVX	14.8	33%
UK		Shell PLC LSE:SHEL	83.3	-8%
NL	R	Royal Dutch Shell PLC OTC:RYDAF	6.6	-8%
CN		PetroChina Co Ltd SSE:601857	5.2	-1%
FR		TotalEnergies SE PAR:TTE	4.6	-16%
CN		China Petroleum & Chemical Corp SSE:600028	16.6	25%
BR		Petroleo Brasileiro SA Petrobras BOVESPA:PETR4	3.8	2%
UK		BP PLC LSE:BP	110.6	-19%

US		Fubotv Inc NYSE:FUBO	Media
US		Bank of America Corp NYSE:BAC	Banking
US		Palantir Technologies Inc NYSE:PLTR	Technology
US	C	C3.ai Inc NYSE:AI	Technology
US		Uber Technologies Inc NYSE:UBER	Road & Rail
CN		NIO Inc NYSE:NIO	Automobiles
US		Fluor Corp NYSE:FLR	Construction
US		Jacobs Engineering Group Inc NYSE:J	Professional Services
US		TopBuild Corp NYSE:BLD	Consumer products
US		Abbott Laboratories NYSE:ABT	Health Care
US		Chevron Corp NYSE:CVX	Energy
US		Occidental Petroleum Corp NYSE:OXY	Energy
US		Matrix Service Co NASDAQ:MTRX	Construction
US		Automatic Data Processing Inc NASDAQ:ADP	Technology
US		Qualcomm Inc NASDAQ:QCOM	Semiconductors
US		Ambarella Inc NASDAQ:AMBA	Semiconductors

Equinor ASA
OSE:EQNR

Relative Value

Valuation Multiples

Multiples Across Competitors

EQNR Competitors Multiples
Equinor ASA Competitors

See Also

Company

Help

Tools

Stocks

52 Week Range	248.5 355.15
Price Target

Equinor ASA OSE:EQNR

Relative Value

Valuation Multiples

Multiples Across Competitors

EQNR Competitors Multiples Equinor ASA Competitors

See Also

Company

Help

Tools

Stocks

Equinor ASA
OSE:EQNR

EQNR Competitors Multiples
Equinor ASA Competitors